Cryptocurrencies including bitcoin and ethereum nosedived on Thursday morning as investors reacted to Russia’s ruthless invasion of Ukraine — then made a dramatic recovery in the afternoon.  Bitcoin fell about 4.5% on Thursday morning before surging to trade 3.2% in the green at $38,500 late Thursday in New York. Meanwhile, ethereum fell 6% to about $2,430 before recovering to be up 2.3% at $2,650 over the same period of time, according to Coinbase… Source link

What happened  It’s safe to say the cryptocurrency market is crashing today as the market sells almost every asset class on news of Russia invading Ukraine. The riskiest assets, like cryptocurrencies, have been among the hardest hit.  In the last 24 hours, Bitcoin ( BTC -3.38% ) has fallen as much as 11.2%, Ethereum ( ETH -4.42% ) fell 15%, Dogecoin ( DOGE -7.41% ) dropped 18.2%, and Shiba Inu ( SHIB -8.69% ) fell a whopping 20% at its low. The selling hit peak… Source link

Monero Classic (XMC) gets a bullish rating from InvestorsObserver Thursday. The crypto is up 178.63% to $0.1851149167 while the broader crypto market is down 10.36%. Monero Classic has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Monero Classic! Bullish Over the last five days, Monero Classic has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment… Source link

Introduced in 2020, the framework seeks to establish oversight of the crypto industry at the EU-level. The proposal, introduced by the union’s executive arm, the European Commission, lays out rules for cryptocurrency issuers and service providers, and even specifies rules for stablecoins (cryptocurrencies pegged to the value of real assets like the U.S. dollar). More ambitiously, the framework seeks to establish a licensing system so that crypto firms can expand through member states with… Source link

Bitcoin (BTC) may yet reenter the $20,000 zone, but the coming weeks could provide a solid buying opportunity, a new report forecasts.  In its latest market update on Feb. 24, trading platform Decentrader laid out the final areas of support between the current Bitcoin spot price and $20,000. Analyst eyes BTC’s 20-week and 200-week MA for cues Military action by Russia in Ukraine has markets in a spin Thursday, with stocks and crypto following a firm downtrend as uncertainty grips Asia,… Source link

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Some investors have a lot of money in cryptocurrencies. They’re sometimes referred to as “whales” to reflect just how large their positions are. And we’re not talking about $100,000 or so in a given cryptocurrency — whales own millions and even billions of dollars worth of digital tokens. As you might expect, the biggest cryptocurrencies based on market cap — Bitcoin and Ethereum ( ETH -7.91% ) — tend to especially attract whales. But they don’t always limit their… Source link

Text size Dreamstime.com Bitcoin fell to a one-month low as Russia launched a full-scale… Source link

A view of the Compute North facility in rural Nebraska. John Ruwitch/NPR hide caption toggle caption John Ruwitch/NPR … Source link

Ultimately, this is a market that I think continues to see a lot of volatility, especially as it is considered to be an alt coin. The Monero market tried to rally a bit during the course of the trading session on Wednesday as the $150 level continues to see quite a bit of support around it. As you can see, the market has broken down below the level a couple of months ago, and then stabilize before rallying towards the 50 day EMA. It is worth noting that the $180 level has been significant… Source link