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Ethereum’s native token Ether (ETH) will likely fall below $2,000, according to one popular market analyst. Ether paints a classic bearish continuation setup Pseudonymous market analyst Wolf shared the downside outlook on March 7 as Ether’s price rebounded by over 3% to nearly $2,650, a day after testing its upward sloping trendline near $2,500. Ignoring the intraday upside reversal, Wolf anticipated the Ether’s decline to continue further. ETH/USD daily price chart. Source: TradingView At the… Source link

Over the past 24 hours, Monero’s (CRYPTO: XMR) price has fallen 3.68% to $160.92. This is opposite to its positive trend over the past week where it has experienced a 1.0% gain, moving from $159.93 to its current price. The chart below compares the price movement and volatility for Monero over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the volatility for both the daily and weekly price movements…. Source link

by Analytics Insight March 7, 2022 Ethereum The crashing market has continued to bite, and most top-ranked cryptocurrencies have been tumbling. Ethereum is among the top cryptocurrencies that have prices destabilized by the current bear market. The Ethereum price is now going sideways, at a time when the Bitgert price has skyrocketed 120%. The Bitgert project has been doing very well over the last few days. This is evident from the skyrocketing price and fast-growing marketcap, which is… Source link

“I suspect growth projections for 2022 around the world will need to be sharply revised lower, and it will be interesting to see what the central banks of the world will do. I believe Europe and Asia will halt thoughts of monetary policy normalization, and with Europe on the front lines, I can’t blame them,” Jeffrey Halley, senior market analyst, Asia Pacific, Oanda, said in an email. Source link

Bitcoin (BTC) plunged to below $38,000 on March , giving up all the gains it had made last week, which saw BTC/USD rally over $45,000. BTC back below $40K as oil soars The losses appeared due, primarily, to selloffs across the risk-on markets, led by the 18% rise in international oil benchmark Brent crude to almost $139 per barrel early March 7, its highest level since 2008. Nonetheless, Bitcoin’s inability to offer a hedge against the ongoing market volatility also raised doubts over its… Source link

Which cryptocurrency do Ethereum ( ETH 3.25% ) whales (individuals with a lot of money invested) like the most? The answer, of course, is Ethereum itself. However, Ethereum whales also are betting on other cryptocurrencies. Shiba Inu ( SHIB 0.93% ) ranks high on the list. In late February, Ethereum whales owned more than $1.3 billion of the digital token, according to whale-tracking website WhaleStats. Today, the figure tops $1.5 billion. But Shiba Inu isn’t at… Source link

At CoinGeek, we’ve been trying to expose the attack on Bitcoin by financial incumbents for many years. Our Chief Bitcoin Historian Kurt Wuckert Jr. has done excellent work exposing Mastercard’s virtual takeover of BTC (links below), and it seems that the message is finally starting to get through. On social media and in various forums, digital currency users have begun to notice and express concerns about connections between some prominent projects and financial organizations they view… Source link

Bitcoin (BTC) starts a new week in the shadow of a deepening geopolitical nightmare unfolding in Ukraine. As retaliation for the Ukraine invasion and the macroeconomic consequences grow, crypto by and large is struggling to keep up. A curious paradox has presented itself this month. Despite investors and those directly impacted by the war assumedly looking for a safe haven, that has broadly not been Bitcoin or even stablecoins. Instead, stocks, which have taken a hit thanks to sanctions and… Source link

Cryptocurrency’s breakthrough from the financial fringes to the mainstream has been characterized by major investors like Paul Tudor Jones — and some companies like Microstrategy (MSTR) and Tesla (TSLA) — dipping their toes into Bitcoin (BTC-USD). Even Apple (AAPL) CEO Tim Cook is getting in on the action. Yet some financial advisors and wealth managers appear to be struggling over how to adapt to the new era, in a sector defined by head-spinning price action, still-evolving regulation,… Source link