Ethereum founder Vitalik Buterin appeared to muse on, if not directly respond to, an open letter from tech professionals urging lawmakers in Washington to be wary of crypto. The letter he was responding to, published Wednesday, was signed by 26 computer scientists from American tech giants including Facebook, Amazon, Apple, Netflix and Google. It asked policymakers to question the narrative that cryptocurrencies “are an innovative technology that is unreservedly good.” Later that… Source link

Monero (XMR) gets a bullish rating from InvestorsObserver Thursday. The crypto is up 2.85% to $201.92 while the broader crypto market is down 0.21%. Monero has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Bullish Over the last five days, Monero has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Monero over… Source link

Twenty-three agonizing days have passed since Bitcoin (BTC) last closed above $32,000 and the 10% rally that took place on May 29 and 30 is currently evaporating as BTC price retraces toward $30,000. The move back to $30,000 simply confirms the strong correlation to traditional assets and in the same period, the S&P 500 also retreated 0.6%. Bitcoin/USD 12-hour price at Kraken. Source: TradingView Weaker corporate profits could pressure the stock market due to rising inflation and the upcoming… Source link

Right now, we’re in a global environment where assets are going down. That’s true across equities, bonds, broad-based futures of various kinds, crypto, and there’s a lot of macroeconomic factors going into these down moves. There’s also specific things to crypto, for example, in everything that happened with the Terra ecosystem. What we’re finding now is, as crypto gains more mainstream adoption, that means that more institutions are allocating percentage of their portfolios of crypto, which… Source link

Automated market maker and decentralized finance (DeFi) protocol Balancer has officially deployed on Optimism, the highly touted Ethereum layer-2 scaling solution, in a move designed to enhance user functionality by increasing scalability and reducing fees.  Balancer’s Optimism deployment was carried out in conjunction with Beethoven X, a decentralized investment platform on the Fantom Network that forked from Balancer v2. Together, both teams are said to have developed a decentralized… Source link

Litecoin (LTC) gets a bearish rating from InvestorsObserver Thursday. The Digital Money asset is down 7.95% to $62.98 while the broader crypto market is down 5.72%. Litecoin has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin! Bearish Over the last five days, Litecoin has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the… Source link

Massive ETH holdings have been moved into exchanges as the shakedown continues for the Ethereum community. ETH holdings worth around $2.1 billion were transferred to exchanges over the past week with investors under increasing pressure. Ethereum has started the new month poorly and is down again after under-performing across May. Not clicking very well! Something seems to be wrong with Ethereum as it just can’t get it right recently. May 2022 has been one of the worst correction months for… Source link

Despite a strong start to the week, bitcoin fell below $30,000 on Thursday, as crypto bears returned to action. Following an uncertain day of trading yesterday, bearish momentum has taken charge of markets, with ETH also in the red. Bitcoin Following a strong start to the month, BTC fell lower, dropping below $30,000 on the second day of June. Bitcoin rallied to a nearly three-week high earlier this week, however on Thursday fell to an intraday low of $29,501.59. This drop comes less… Source link

Pseudonymous crypto trader Altcoin Sherpa is outlining his outlook on several altcoins amid this week’s market volatility. The analyst tells his 176,300 Twitter followers the native token for smart contract platform Avalanche (AXAX) could see a good short-term trading opportunity soon, though he doesn’t think the asset has hit its “macro bottom” quite yet. $AVAX: Could see a move up to the mid/high 30s if this current level continues to hold. IMO not the macro bottom… Source link

Ethereum price indicates the possibility of a minor bounce on a short-term outlook. The macro outlook for ETH shows that there is a potential for a 30% crash to $1,300. On-chain metrics suggest that the smart contract token could continue to bracket between $1,700 and $2,200. Ethereum price has flipped its direction on the three-hour chart, undoing gains seen between May 28 and 31. While this correction might seem bearish, it could trigger a minor relief rally… Source link