Ethereum collateral position set a new record as 71,863.47 ETH were liquidated on June 18.  Independent market analyst told his followers that latest Ethereum price rally would make for a clean fakeout.  Analysts believe Ethereum price could plummet to $750 in the bear market, an 85% drop from all-time high.  UPDATE: Ethereum price predictions are mostly bearish as the main altcoin keeps trading between the psychological $1,000 support and a series lower highs… Source link

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Bitcoin (BTC) could have already seen a price bottom or be “really close” to one, analysts believe after eyeing new data this week. In a Twitter thread on June 22, well-known indicator creator David Puell revealed what he argues “looks interesting” about current Bitcoin buying and selling. “High likelihood” bottom is in With many sources calling for BTC/USD to dip to $14,000 or lower, bullish takes on current price action are few and far between. For Puell, however, the dynamics between… Source link

Litecoin price is doing well as cryptocurrencies continue bouncing back. LTC has risen to $55.80, which was the highest point on Monday this week. This price is about 40% above the lowest level this month. This recovery brings its total market cap to about $3.8 billion. Other popular cryptocurrency prices like Bitcoin, Bitcoin Cash, and Chainlink have also bounced back. Litecoin has risen as investors buy the dip. This happened after the coin slipped to a multi-month low of $40.45 during the… Source link

Bitcoin (BTC) was a response to the 2008 global recession. It introduced a new way to transact without depending on trust of third-parties, such as banks, particularly failing banks that were nevertheless bailed out by government at the expense of the public.  “The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust,” Satoshi Nakamoto wrote in 2009.  Bitcoin’s genesis block sums up the intent with the following… Source link

Decentralized exchange (DEX) Uniswap has overtaken its host blockchain Ethereum in terms of fees paid over a seven-day rolling average. The surge appears part of a recent spate of high demand for DeFi amid the current bear market. Decentralized finance (DeFi) platforms such as Aave and Synthetix have seen surges in fees paid over the past seven days, while their native tokens and others such as Compound (COMP) have also boomed in price. According to data from Crypto Fees, traders on Uniswap… Source link

Currently ranked as a leading privacy crypto coin, Monero’s XMR has been in a fierce battle with the bears in the last 90 days. At a 77% decline from its all-time high of $517.62, the ongoing bullish correction in the cryptocurrency market has had little to no impact on the performance of the XMR coin. More so, price performance continues to plummet even after the network’s tail emission upgrade. Here is what we know about the performance of the XMR coin in the last three… Source link

Litecoin (LTC) gets a neutral rating from InvestorsObserver Wednesday. The coin is down 4.65% to $51.65 while the broader crypto market is down 5.01%. Litecoin has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin! Neutral Over the last five days, Litecoin has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of… Source link

Ethereum-based decentralized trading platform dYdX will be deployed as an independent blockchain on the Cosmos ecosystem. The team behind the project made the announcement this morning leading to a positive reaction for its governance token, DYDX. Related Reading | Bitcoin Steady Above $20K After Drop To $17K – A Slow Climb To Green? At the time of writing, this token trades at $1.50 with an 8% profit in the last 24 hours for its USDT trading pair and a 10% profit on its ETH trading… Source link

Bitcoin (BTC) has been trying to break out of a descending trend for the past week and the first attempt on June 16 failed to break the $22,600 resistance. The second attempt at $21,400 on June 21 was followed by an 8% price correction. After two failed breakouts, the price currently trades below $20,000 and raises questions on whether $17,600 was really the bottom. Bitcoin/USD 4-hour chart at Coinbase. Source: TradingView The longer it takes for BTC to break from this bearish pattern, the… Source link