Text size Bitcoin and other digital assets were falling on Thursday morning. Dreamstime … Source link

Key Takeaways Ethereum has retraced by more than 20% over the past four days. Meanwhile, nearly 193,000 Ethereum has been sent to crypto exchanges.  Further selling pressure could trigger a correction toward $600.   Share this article Ethereum looks like it’s at risk of a steep correction as crypto’s rocky June draws to a close. Market participants are rushing to exchanges to exit their positions, while Ethereum is sitting on little to no support. Ethereum Faces Lower… Source link

It’s another day, another upgrade for Ethereum as the world’s largest smart contracts platform has just rolled out a new major update. Called “Gray Glacier,” the upgrade occurred at block 15,050,000 on June 30 with the sole goal of introducing changes to the parameters of the network’s difficulty bomb, pushing it back by 700,000 blocks, or roughly 100 days. The Gray Glacier upgrade is the network’s hard fork, which means it is creating new rules to improve the system and requires… Source link

The asset dropped 5.5% in the past 24 hours, and is on track for a record 40% monthly decline. Other large cryptocurrencies also weakened, with ether notching a 9.9% 24-hour drop and Solana’s SOL falling as much as 11%. Total cryptocurrency market capitalization lost 4.3%. Source link

Ethereum’s native token Ether (ETH) fell on the final trading day of Q2/2022, trading in sync with riskier assets amid persistent fears of higher inflation and rising interest rates. And it could result in further declines heading into Q3. ETH price breakdown underway ETH’s price plunged nearly 5% this June 30 to $1,044 following a four-day losing streak. The ETH/USD pair has also broke below its interim rising trendline support, which in conjugation with a horizontal trendline resistance to… Source link

If you have been keeping tabs on Bitcoin [BTC] and the crypto market at large for the last few months, chances are you are feeling a bit bitter. Unless you happen to be one of the Bitcoin critics and doom-mongers, in which case, you may be gleaming with joy. It is difficult, especially for those new to crypto investing to avoid panicking as cryptocurrencies continue crashing. However, there are multiple reasons why you should keep calm and trust Bitcoin. For starters,… Source link

Ethereum (ETH) shark and whale addresses have been stocking up on ETH. This could be an indicator that ETH investors have a bullish outlook on ETH. Crypto derivatives exchange dYdX announced that it will be abandoning the Ethereum ecosystem. Ethereum (ETH) sharks and whales, addresses that have between 100 to 100k crypto holdings, have been stocking up on ETH. These addresses have collectively added about 1.1% more of the coin’s supply to their bags after ETH’s most recent… Source link

Ethereum price is retesting the last line of defense at $1,049, signaling a potential crash. Whales holding between 100 to 100,000 ETH are accumulating at these dangerous levels. A breakdown of $1,049 could trigger a 35% crash to the $658 support level. Ethereum price faced rejection after failed attempts to move past a significantly important resistance barrier. This development has led to ETH reversing the trend and returning to a stable support level, which will… Source link

Everyone expects another Bitcoin (BTC) capitulation event, but data suggests that mass buying has already started. In a Twitter thread on June 29, Checkmate, lead on-chain analyst at data firm Glassnode, drew attention to who in Bitcoin is really stacking sats. Shrimp or whale, Bitcoin hodlers are stacking sats Bitcoin selling has made the headlines for weeks, and has even begun to include long-term holders (LTHs) — those who have been guarding their coins for 155 days or more. Speculators are… Source link

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