Unlike Crypto OGs, newbies and paper hands in the crypto space are not familiar with the popular saying “with hardship comes ease”.  With FUD at an all-time high last week following crypto markets correction, the price of Bitcoin and several other altcoins plummeted. However, last weekend was marked with a retracement as most cryptocurrencies attempted a recovery.  Solana’s SOL and Monero’s XMR were among the best performers as they recorded intraday trading highs on 16 May.

There are early signs of the “dust settling” in the crypto market now that investors believe that the worst of the Terra (LUNA) collapse looks to be over. Viewing Bitcoin’s chart indicates that while the fallout was widespread and quite devastating for altcoins, BItcoin (BTC) has actually held up fairly well.  Even with the May 12 drop to $26,697 marking the lowest price level since 2020 multiple metrics suggest that the current levels could represent a good entry to BTC.  BTC/USDT 1-day… Source link

Vitalik Buterin – co-founder of Ethereum – outlined some of his conflicting realizations and beliefs around cryptocurrency on Monday. He detailed the way that his idealistic vision for how Ethereum should grow – and what it should become – is failing to match reality. Comparing Ethereum and Bitcoin The programmer – who has never hesitated to criticize Bitcoin in the past – began his lengthy Twitter thread with a display of admiration for the primary crypto… Source link

Further, on the daily chart, BTC on track to register a positive momentum signal, per the MACD indicator for the first time since late March. Still, momentum signals remain negative on the weekly and monthly charts, which suggests limited upside from here. Source link

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Litecoin price continues to recover from last week’s market-wide sell-off. LTC is better positioned than most to initiate a strong and sustained rally. Downside risks exist but are likely limited in scale and scope. Litecoin price consolidates after retracing 30% of the losses it experienced last week. It is now incumbent on the bulls to maintain the present value area and maintain momentum to prevent further losses. Litecoin price his extreme lows and is poised… Source link

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BTC moved away from Monday’s lows to surge above $30,000 on Tuesday, as crypto bulls pushed prices higher. ETH continues to trade above $2,000, with prices rising by as much as 4% during today’s trading session. Bitcoin Following a stint below $30,000 to start the week, BTC was trading above this level as bulls made a comeback on Tuesday, Following a low of $29,251.89 during Monday’s session, BTC/USD rose to a peak of $30,678.68 earlier today. Since falling below $30,000 last… Source link

For the time being, though, “there is little reason to argue that a prolonged rise will follow the current buying, as the fundamentals (tightening markets, slowing economy) remain in place,” Alex Kuptsikevich, FxPro senior market analyst, wrote in emailed comments. Source link

Vitalik Buterin moved 30,000 ETH out of his main wallet to the one used for sales, gifts and donations to charities.  The wallet now holds $62 million worth of Ethereum. Analysts predict a downside target of $450 for ETH price as a worst-case scenario.  Vitalik Buterin pulled 30,000 ETH from his public wallet today, fueling a bearish sentiment among investors. Proponents have considered the likelihood of the sale of 30,000 ETH moved by Buterin and expect a… Source link