Bitcoin price extended losses and retested the $15,800 support. BTC could continue to move down towards the $15,000 and $14,000 levels. Bitcoin started a fresh decline below the $16,000 and $15,800 levels. The price is trading below $16,400 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $16,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains at a risk of more losses towards the $15,000 level or… Source link

Mike Dershewitz, head of risk committee at Arca Funds, wrote Monday: “DCG can also sell off a portion of its Grayscale equity. Assuming $300M in annual net income, this cash flow stream should be worth at least $2.5B, depending on how a would-be investor/buyer values the longevity of this cash-flow stream.” Source link

Dennis Diatel Photography The Grayscale crypto trusts have been in freefall and we’re starting to get some theories as to why. Grayscale has over a dozen single-asset crypto funds that trade publicly over the counter. Of those 13 single-asset funds, 8 are SEC-reporting. All of them have been beat up over the last week specifically with contagion concerns following the FTX (FTT-USD) collapse being the main driver of the panic. The cryptos underlying each of these funds have performed very… Source link

AntonioSolano / iStock.com The Ethereum Name Service provides a distributed, open and extensible naming system for not just ethereum, but other types of cryptocurrencies and NFTs. It is based on the Ethereum blockchain, which is also the blockchain behind the… Source link

Litecoin Network recently processed its 135,000,000th transaction LTC’s market indicators favored a bullish stance for the alt  Litecoin [LTC] recently achieved a milestone by flipping Solana [SOL] to become the 15th largest cryptocurrency in terms of market capitalization. As per CoinMarketCap, at press time, LTC was trading at $60.71 with a market cap of more than $4.37 billion.  LTC’s weekly performance also looked pretty promising, as its price increased over 8% in… Source link

RSI for ETH has fallen below 30, 118 times, implying that ETH has been an undersold asset more often than BTC, despite the shorter date range. The average one-day, seven-day and 30-day returns following a sub-30 reading have been 0%, -1.8% and 13.5%. Source link

Litecoin’s continued strength in recent days has seen the coin become the 15th largest crypto by market cap, unseating Solana from the spot. Litecoin Observes Strong Week, Gains Over 9% During The Period The last couple of weeks have been terrible for most of the crypto market, as the crash triggered by FTX’s collapse has resulted in double digital losses for much of the sector. Litecoin, however, has been different. While the initial plunge did affect LTC as well, the crypto has made a… Source link

Litecoin’s continued strength in recent days has seen the coin become the 15th largest crypto by market cap, unseating Solana from the spot. Litecoin Observes Strong Week, Gains Over 9% During The Period The last couple of weeks have been terrible for most of the crypto market, as the crash triggered by FTX’s collapse has resulted in double digital losses for much of the sector. Litecoin, however, has been different. While the initial plunge did affect LTC as well, the crypto has made a… Source link

Monero XMR Is Testing $134 Resistance in a Bearish Pennant Pattern Monero XMR is trading at $132 and is down 0.51% in the last 24 hours. XMR is testing the resistance level which is positioned between the $134-$136 range. 200-day MA and 50-day MA are positioned parallel to the horizontal; prices are obliged to move sideways. Monero XMR is trading today at $132.19 with a 24 hour trading volume of $73,897,187. The token is down 0.51% in the last 24 hours. Currently, CoinMarketCap ranks XMR… Source link

Brian Armstrong, CEO and Co-Founder, Coinbase, speaks during the Milken Institute Global Conference on May 2, 2022. in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images Coinbase shares fell more than 8% Monday, extending a slide that’s pushed the crypto exchange to its lowest since its market debut in April 2021. The drop comes as bitcoin’s slump continues and investors worry about contagion from FTX’s spectacular collapse earlier this month. Nineteen months after going public… Source link