Ethereum has now lost its hold on an important level. This decline follows that of bitcoin which has now fallen below $20,000. However, for Ethereum, the fight continues to hold on to the one point where bulls still see some hope. However, with the way the market is moving, it may not be long before Ethereum is testing the critical $1,000 support level. Ethereum Falls Below $1,100 For Ethereum, holding above $1,100 for the past week had meant that there was still hope for a good run-up that… Source link

Bitcoin (BTC) tumbled overnight, with the leading cryptocurrency dropping to levels as low as $19,621, according to data from CoinMarketCap. Last week was a bullish one for cryptocurrencies, as most ended up in the green territory. BTC had also managed to stay above its $20,000 support after weeks of waffling above and below this price. Bitcoin has this morning, however, shed 3.72% over the past 24 hours and is trading closely near its seven-day low of $19,341.23, indicates CoinMarketCap.

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The past two consecutive trading sessions had been strongly bearish for the Litecoin price, resulting in a 10 per cent drop. However, today’s trading session is showing signs of a strong push to the upside and is already up by almost a percentage point.  Unfortunately, today’s Litecoin recovery looks short-lived when looked at from a broader perspective, where the general trend of the cryptocurrency is still aggressively bearish. For instance, in July, Litecoin is down by 9 per cent…. Source link

There are many different cryptocurrencies available, but if you’re searching for some reliable selections, think about including Monero (XMR), Stacks (STX) and Degrain (DGRN) in your portfolio. With crypto markets in decline and having seen some of the lowest prices across the board since 2017, investors are constantly looking for the next big thing. We think we have found it, a new cross-chain NFT protocol that has the potential to dethrone OpenSea. We… Source link

“BTC has never previously fallen below such marks, so it is now getting support from buyers confident in the first cryptocurrency’s long-term growth,” FxPro senior market analyst Alex Kuptsikevich said. “Another supportive factor was the rebound in financial markets, where the new half-year was met with increased buying.” Source link

From a historical perspective, the loss in value realized across the cryptocurrency market over the past several months has been one for the record books and the total cryptocurrency market cap has declined from $3 trillion to $991 million.  June was especially painful for investors after the price of Bitcoin (BTC) fell nearly 40% to mark one of its worst calendar months on record according to a recent report from cryptocurrency research firm Delphi Digital. BTC/USD monthly candles vs. MoM%… Source link

The upcoming Ethereum (ETH) Merge is one of the most talked about developments in the cryptocurrency ecosystem as the world’s second-largest cryptocurrency by market cap undergoes the difficult transition from proof-of-work (PoW) to proof-of-stake (PoS).  One protocol whose fate is largely tied to the successful completion of the Merge is Lido DAO (LDO), a liquid staking platform that allows users to tap into the value of their assets for use in decentralized finance and earn yield from… Source link

Weekly deposits of the Ethereum 2.0 staking contract have been going down recently due to the plunging price of ETH, and are now at the lowest value ever. Ethereum 2.0 Contract Is Now Observing Only 122 32-ETH Deposits Per Day As per a report from analytics firm Glassnode, the ETH 2.0 average deposits have sharply dropped off recently as the crypto’s price has been in freefall. The “ETH 2.0 staking contract” is a smart contract where users can lock in their… Source link

Ethereum price shows an uptick of sellers’ transactions on the Volume Profile Indicator. 10% of Ethereum circulating supply has been staked by investors suggesting optimism for Ethereum 2.0. Invalidation of the downtrend is a breach above the $200-week moving average at $1,200. Ethereum price could commence another liquidity hunt targeting $950. The bulls will need to step in soon to alter the bearish narrative, as market sentiment alone is failing to reach higher… Source link