Oversold levels of Ethereum have reached a high that traders hadn’t witnessed for almost two years, according to the Relative Strength Index (RSI). The RSI, an indicator that measures the momentum of assets to analyse overbought or oversold conditions, illustrated the magnitude of Ethereum’s recent price dump.   Per TradingView With the cryptocurrency market suffering from losses up to 20% this week, Ethereum has been one altcoin hit harder than others, as well as Source link

The second largest bitcoin mining nation in the world has cut off internet access, slashing the amount of computing power dedicated to the cryptocurrency … Source link

Cardano, Solana, Litecoin, Bitgert, Centcex & Terra – These Six Cryptocurrencies Might Explode In 2022 by Analytics Insight January 7, 2022 Here are 6 cryptocurrencies that crypto investors should watch in 2022 The crypto market looks vibrant despite the recent plunge, which is normal in any market. There is a huge number of cryptocurrencies in the market, and a number of them are showing signs of exploding in 2022. Here are 6 cryptocurrencies that crypto investors should watch in… Source link

Text size Bitcoin Dreamstime Bitcoin declined to three-month lows on Friday as… Source link

Key facts: The police have also seized ether, monero, dash and zcash. Authorities assure that there are obstacles in the laws related to cryptocurrencies. The UK police have seized around 9,000 bitcoins (BTC), equivalent, at the moment, to almost $ 400 million. These coins came from activities considered illegal in that country in the last 5 years. From 48 UK police forces, only 12 supplied the data, as reported by local media New Scientist. To access the… Source link

Editor’s note: Seeking Alpha is proud to welcome Thomas Dunleavy CFA as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » Ievgeniiya Ocheretna/iStock via Getty Images The investment case for different instantiations of blockchain technology, namely the Ethereum (ETH-USD) network, its native cryptocurrency Ether, and accompanying use cases… Source link

What happened In times of market turmoil, investors look for relative winners and losers. Today, three top tokens have underperformed the dismal showing of the overall crypto market, which has dropped 5.7% over the past 24 hours as of 2:15 p.m. ET. Over the same time frame, Uniswap (CRYPTO:UNI) traded 10.1% lower, Monero (CRYPTO:XMR) lost 7.5%, and Algorand (CRYPTO:ALGO) sank 7.2%. The outsized moves among these top alt coins have been driven,… Source link

Some Marvel fans who have torrented the new Spider-Man film have instead downloaded cryptocurrency mining malware that could cause huge damage to their machines. Though downloading copyrighted content can result in serious penalties in most of the world, people still do it for a variety of reasons—and cybercriminals are well aware of this fact. So what can this Monero miner do? How does it work? And if you’ve torrented Spider-Man: No Way Home, how can you tell if you’ve been a victim… Source link

It’s been a bad start of the year for Bitcoin (BTC-USD), and 2022 could bring in a bit more pain.   While some bulls continue to forecast $100,000, one strategist doesn’t see that happening this year – or next. “Long term, I love cryptocurrency, I love Bitcoin. But the charts — and I’m a technician — are just not showing that,” Gareth Soloway, president and CFO of InTheMoneyStocks.com told Yahoo Finance Live. “Bitcoin for me, has a nasty head-and-shoulder pattern on it. Believe or not, in… Source link

Bitcoin’s getting a drubbing this week as the Federal Reserve readies a removal of stimulus, but bulls are feeling as emboldened as ever. The largest cryptocurrency by market value has shed about $80 billion since the start of the year amid a slump that’s brought it to its lowest levels since its early-December flash-crash. But out have come predictions it can still reach the vaunted $100,000 level at some point this year. It would have to more than double from current levels around… Source link