Bitcoin (BTC) was on the cusp of making a new higher weekly close on Feb. 13 as bulls kept the market above $42,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin: Potential CME gap to come Data from Cointelegraph Markets Pro and TradingView tracked fairly stress-free conditions for BTC/USD over the weekend, with the weekly candle set to conclude in under 12 hours. The pair had briefly dipped below the $42,000 mark before recovering, this setting it up to challenge last… Source link

Ethereum price could be headed for a 15% drop toward $2,472 after a bearish chart pattern emerged. The token may be able to discover and test multiple lines of defense before reaching the pessimistic target. In order to invalidate the bearish outlook, Ethereum bulls must target levels above $3,020. Ethereum price is at risk of further decline after the token sliced below a critical line of defense and the lower boundary of the governing technical pattern at $2,944…. Source link

The Bitcoin (BTC) network has recorded a new hash rate all-time high of 248.11M TH/s as of Feb. 12, 2022, further securing the decentralized ecosystem through a growing network of global BTC miners.  The hash rate correlates to the computing power required by a miner’s computer equipment to confirm a transaction. The recent spike in BTC’s network hash rate ensures further security against attacks by deterring bad actors from confirming fraudulent transactions. Bitcoin hash rate over the… Source link

Ethereum price is likely to continue its upward trend despite Russia and Ukraine concerns. The recent pullback was normal and natural. $2,900 value area now in focus. Ethereum price action is positioned to pull the rug on all short-sellers and buyers who have been scared to enter. The technical conditions on the price chart and the oscillators show Ethereum has developed one of the most substantial collections of bullish setups in many months. Ethereum price to… Source link

What happened  The cryptocurrency market started dropping on Friday but the sell-off hit a peak early on Saturday as investors try to digest a number of macro news items that could impact all markets around the world. The most pressing concern is rising tension between Russia and Ukraine and the Federal Reserve potentially calling an emergency meeting for Monday.  As of 1:40 p.m. ET, Bitcoin (CRYPTO:BTC) was down 1.1% in the last 24 hours but had… Source link

Text size Investors have pushed up prices for banks with exposure to crypto. Dreamstime Investors now buy … Source link

“Sophisticated passive buying” on Bitcoin (BTC) spot exchanges coincides with the trend of BTC leaving exchanges to cold storage. Adjusted Bitcoin supply shock. Source: Willy Woo The price recovery witnessed in the Bitcoin market across the last two weeks coincided with a rise in hodlers and speculative investors selling their coins, according to data provided by researcher Willy Woo. Nonetheless, BTC’s price ability to withstand the selling pressure meant there was buying pressure coming from… Source link

The price action for Bitcoin (BTC) continues to tantalize investors and once again, concerns over the state of the global economy and rising inflation have prompted warnings that the Fed’s upcoming interest rate hikes could do more damage then good to the state of the market. Data from Cointelegraph Markets Pro and TradingView shows that the price of BTC has hovered near the $43,000 support level in trading on Feb. 11 after rallying 20% from the $37,000 leve over the past week. BTC/USDT 1-day… Source link

One of the leaders of the privacy coin sector, the price of Monero has taken a beating on the charts. A few months ago, Kraken had to delist Monero due to regulatory compliance reasons in the UK. News such as these could deflate investor confidence in the coin. At the time of writing, the coin was trading at an area of supply at $180- but bulls might be forced to retreat once more. XMR- 12H Source: XMR/USDT on TradingView In May 2021, the price of Monero shot to $519 per coin, but since… Source link

News Home Friday, February 11, 2022 04:44 PM | InvestorsObserver Analysts InvestorsObserver gives Monero an average long-term technical score of 59 from its… Source link