After dropping from its May 2021 ATH, Litecoin [LTC] bears ramped up their consistent efforts to close below the $91-$104 range for nearly a year. The altcoin’s extremely high correlation with Bitcoin subjected it to market-wide liquidations over the last few months.  Thus, the drop below the $91-level has set LTC in a heightened bearish motion. A potential close below the upper trendline of the Pitchfork could confirm the sturdiness of the bearish pennant down breakout. And with it, a… Source link

Key Takeaways Bitcoin dropped below $28,000 over the past 12 hours.  Meanwhile, Ethereum lost the $1,800 level as support.  Further losses can be expected as selling pressure mounts.   Share this article The crypto market sentiment went into “extreme fear” again after Bitcoin and Ethereum lost price support over the past 24 hours. On-chain data shows increasing selling pressure, which could lead to more significant losses. Bitcoin and Ethereum Spell Trouble Bitcoin and… Source link

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The cryptocurrency market was hit with another round of selling on May 26 as Bitcoin (BTC) price dropped to $28,000 and Ether (ETH) briefly fell under $1,800. The ETH/BTC pair also dropped below what traders deem to be an important ascending trendline, a move that traders say could result in Ether price correcting to new lows. ETH/USDT 1-day chart. Source: TradingView Here’s a rundown of what several analysts in the market are saying about the move lower for Ethereum and what it could mean… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Ether’s (ETH) performance over the past three months has been less than satisfying for holders and the 50% correction since April 3 caused the altcoin to test the $1,800 support for the first time since July 2021. Ether/USD 1-day chart at Kraken. Source: TradingView Due to the volatility in stocks, investors had been seeking shelter in the United States dollar and on May 13, the DXY index reached its highest level in 20 years. DXY measures the USD against a basket of major foreign currencies,… Source link

Image source: Getty Images The price of the Ethereum blockchain’s native token tumbled to $1,759.20 this morning as the project’s cofounder warns of a potential delay in moving to proof of stake. Key points The Ether coin — the native crypto of the Ethereum blockchain — was down as much as… Source link

What happened Ahead of the upcoming “merge” that will combine the Ethereum (ETH -3.35%) proof-of-stake Beacon Chain with its existing network, anticipated for August, investors have yet another headwind to grapple with today. As of 9:30 a.m. ET, Ethereum is the worst performer among top 10 cryptocurrencies by market capitalization, dropping 10% over the past 24 hours. This move was driven by a seven-block reorganization, or reorg, yesterday. Ethereum’s Beacon… Source link

Monero (XMR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Digital Money has fallen 3.48% to $194.75. InvestorsObserver is giving Monero a 38 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero! Moderately Volatile InvestorsObserver gives Monero a moderate volatility rank of 38, placing it in the bottom 38% of cryptos on the… Source link

Bitcoin (BTC) recovered from a major dip at the May 26 Wall Street open as the market quickly exhausted buy support.  BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Bitcoin volume surges with more expected Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to $28,000 on Bitstamp — its lowest since May 12 and the Terra LUNA implosion.  Progress had already accelerated to the downside on the day, this culminating in a liquidity grab that sent 24-hour BTC… Source link