Summary: A chart by the team at JP Morgan Chase superimposes Bitcoin’s and Gold’s ratios of realized volatilities and hints that BTC is acting a lot like the latter asset. Bitcoin’s market cap and that of Gold could eventually equalize as they serve the same purpose. But Bitcoin’s volatility hinders its market cap from growing to the level of Gold. Analysts forecast that Bitcoin could retest $20k or lower this year. Guggenheim’s Chief Investment Officier sees Bitcoin retesting… Source link

A proposal to impose a limit on recreation facilities’ most stake is presently being debated by its community. It’s been instructed that recreation facilities, by virtue of staking nearly a 3rd of the ETH total provided, might begin to associate existential threat to Ethereum once it transitions to Proof-of-Stake. The recreation facility community is debating whether or not to limit the protocol’s maximum share of ETH tokens. 30% of the total ETH supply is now staked through… Source link

Ethereum has dropped by over 20% against Bitcoin throughout the course of recent weeks It comes as distrust encompassing the Merge wins, with no day for kickoff set Under the ongoing economic situation, the ETH:BTC proportion could drop to 0.048 Ethereum is struggling with recuperating from the new market droop. The second-biggest digital money by market cap is showing shortcomings in the midst of the most recent market slump. Outstandingly, Ethereum is draining against both the U.S. dollar… Source link

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer.  Since the 12 May drop, Monero has been one of the larger altcoins which have had quite an impressive performance on the price charts. Ranked 25th by market capitalization, Monero’s plunge to $133 was followed by an impressive 70% rally to reach the $207 mark. This came at a time when Bitcoin traded within a range, making the… Source link

Bitcoin is down again, and the slump just doesn’t seem to stop for the king coin of crypto. It has ended the past EIGHT weeks in losses and looks set to continue the rut. There is good reason for maximalists to be afraid of their beloved Bitcoin dropping below new support levels. May-day! May-day! Currently trading at $28,800, it is down by just approximately 1% in the past 24 hours. Given the lack of movement recently, Bitcoin is now expected to end the week around the $29,000 zone. The… Source link

This week the stock markets began to flash a little green and Bitcoin (BTC) is decoupling from traditional markets but not in a good way. The cryptocurrency is down 3% while the Nasdaq Composite tech-heavy stock market index is up 3.1%. May 27 data from the United States Commerce Department shows that the personal savings rate fell to 4.4% in April to reach the lowest level since 2008 and crypto traders are worried that worsening global macroeconomic conditions could add to investors’… Source link

Blockchain technology and cryptocurrencies have taken the globe by storm. They have revolutionised everything, from how we see money to how we perceive the world and technology. However, in the contemporary environment, terms such as blockchain, crypto, metaverse, virtual reality, NFTs, and DeFi are tossed about carelessly. Fortunately, it is the project where we have opted to invest our efforts. So, without further ado, here are the three coins in great demand and may… Source link

Litecoin (LTC) gets a bearish rating from InvestorsObserver Saturday. The coin is down 0.5% to $63.56 while the broader crypto market is down 0.83%. 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 performance of… Source link

Bitcoin bears re-entered the marketplace on Saturday, as prices moved closer to a multi-week low to start the weekend. BTC once again fell below $29,000, whilst ETH continues to move lower, and now hovers around $1,750. Bitcoin Following a brief rebound on Friday, BTC once again moved lower, with prices falling under the $29,000 mark to start the weekend. Yesterday saw BTC/USD hit an intraday peak of $29,335.03, however with bears re-entering the market, prices fell to a low of… Source link

Crypto holders can’t wait to see the end of May, a month that has brought nothing but losses. And while it’s too soon to say whether the worst is over—Bitcoin is below $30,000 right now and could go lower—it feels like the industry will come through the downturn just fine. So long as the Ethereum merge goes off okay, that is. If you’ve been living under a crypto rock, “The Merge” refers to the long-awaited upgrade to the Ethereum blockchain that will see the No. 2 cryptocurrency switch… Source link