Tomiwabold Olajide Ethereum whales have been actively transacting ETH in the last 24 hours at a pace last seen in January According to on-chain analytics firm Santiment, Ethereum whales have been actively transacting ETH in the last 24 hours at a pace last seen in January. According to the chart provided by Santiment, Ethereum whales fired off a total of 2,956 transactions, each valued at $1 million or more on May 11, marking the highest day of whale transactions in nearly five months.

Text size “Memecoins” like Dogecoin and Shiba Inu have plunged amid the recent crypto selloff. Igorigorevich/Dreamstime.com … Source link

The world’s second largest cryptocurrency Ethereum has joined the cryptocurrency crash – plummeting in value by 20 per cent over the last 24 hours – as the digital currency downturn hammers investors who bought during the Covid years. Cryptocurrencies have sharply declined in value during the past few days as fears for the global economy spread and investors start to sell off risky assets. However investors in more traditional stocks are also hurting, with US tech stocks also plunging in… Source link

As much as markets are going through it right now, cryptocurrencies are really going through it, and the myriad disasters haven’t abated just yet. Fortunes have been lost. Memes have been deflated. Normal people have had to learn what it could possibly mean that El Salvador is “buying the dip.” What does it mean? What’s going on with Bitcoin? Stablecoins, huh?? Let me catch you up. Bitcoin Blowout Let’s start with the biggest boy. On Monday, Bitcoin sharply plunged in… Source link

matejmo/iStock via Getty Images Bitcoin (BTC-USD) has been bleeding for months due to tight liquidity conditions and targeted selling of high beta technology stocks. Low interest rates since the global financial crisis in 2008 have led markets to reach extreme valuations. Now, the decade-long bubble has popped, and assets are moving back to reality. For most of Bitcoin’s existence, it has benefited from low interest rates. With rates now rising, Bitcoin’s price is suffering from the… Source link

What happened  The news in the crypto market continued to get worse after Tuesday’s de-peg of TerraUSD (UST -6.08%) from the U.S. dollar, as well as the drop in Bitcoin (BTC -7.11%). This has effectively caused a cascade of selling and has led to outright panic in some circles. And even the most useful crypto assets are down big Wednesday.  At noon ET, the value of Ethereum (ETH -11.20%) had fallen 3.6% in the prior 24 hours, Solana (SOL -28.58%) had dropped 19.9%, and… Source link

Bitcoin (BTC) price initially bounced from its recent low at $29,000 but the overall market sentiment after a 25% price drop in five days is still largely negative. Currently, the crypto “Fear and Greed Index,” which uses volatility, volume, social metrics, Bitcoin dominance and Google trends data, has plunged to its lowest level since March 2020 and at the moment, there appears to be little protecting the market against further downside. Crypto “Fear and Greed index”. Source:… Source link

The cryptocurrency brokerage reported a first-quarter loss late Tuesday and revenue that fell 27% from a year ago, missing Wall Street’s forecasts. Coinbase shares plummeted more than 25% Wednesday and hit their lowest level ever. Coinbase stock is now down more than 75% this year and is trading nearly 85% below its all-time high price from November. Shares have lost more than half their value in just the past week alone. The plunge in Coinbase’s stock coincides with the massive drop in the… Source link

Following a 6-week long up-channel (white), Monero (XMR) predictably pivoted from its $283-ceiling. The past few weeks have now accounted for two bear runs, with renewed selling pressure pulling the alt to its February lows as of 10 May. In gearing up its efforts to impede the bearish pull, buyers have negated the consistent streak of red candles on the 4-hour timeframe. Should the current candlestick close as green above the $161-mark, XMR could aim to challenge its current pattern. At… Source link

Litecoin price undergoes a sharp drop from $95 to $75, losing 20% value. LTC price is at risk of losing 70% as the last line of defence is 10$ away from current lows. Expect a perfect storm brewing where both dollar strength and risk-off see a falling knife triggered, with LTC price devaluing $50. Litecoin (LTC) price is trading in the danger zone as price action hangs by a thread at risk of dropping to new lows for the week. LTC price could drop further to $65.08,… Source link