The cryptocurrency market has calmed down after the massive drop over the last two days. Currently, ETH lies on top of a critical support level, which most analysts refer to as a key level developed over the previous 12 months. Technical Analysis Technical Analysis By Grizzly The Daily Chart On the daily timeframe, after the bears pushed the price down more than 10% over the past two days, the weekend has been relatively stable. However, is this calm before a giant… Source link

Following a recent string of declines, ETH continued to hover close to a six-week low to start the weekend. BTC was also lower on Saturday, as the world’s largest cryptocurrency remained closer to a two-month low. Bitcoin BTC was once again trading lower on Saturday, as prices were battling to find a floor following Friday’s selloff. After hitting an intraday low of $35,482.13 during yesterday’s session, BTC/USD was marginally higher, but still close to its two-month low.

Bitcoin (BTC) found a new home at $36,000 into May 7 as volatility finally cooled into the weekend.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Terra down at least $250 million in crunch Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling the $36,000 mark overnight after losing 12% in just 72 hours. Still near its lowest levels since late February, the pair had nonetheless avoided a rematch of 2022 lows at the time of writing despite low-volume weekend… Source link

It’s getting ugly out there. Bitcoin is down over 8% this week and has fallen nearly 50% from last year’s all-time-high. The situation isn’t much better for Ethereum, down 5% over the week, while newer best-of-breed coins like Solana (SOL), Terra (LUNA), and Avalanche (AVAX) fell over 10% this week. Things haven’t looked this bad in a while, and it’s going to get worse before it gets better. But don’t be alarmed. Like the meme of the dog in a bowler hat sitting in a house on fire: This is… Source link

Bitcoin has steadied itself within the $35.8k to $36.2k zone and could spend a considerable chunk of the weekend within this area. Monero and Zilliqa looked likely to test their demand areas once more. XRP had a more neutral outlook on shorter timeframes. Monero (XMR) Source: XMR/USDT on TradingView XMR has a bearish outlook on the charts. It has bounced from the $196 level twice now but the second bounce was shallower than the first. This suggested that bears have a strong grip on the… Source link

NFT collective Doodles announced today that former Billboard President Julian Holguin is joining the group as CEO. The official Doodles account tweeted: “Julian will work alongside the founders to expand Doodles IP throughout music, gaming, and entertainment, while deeply integrating culture into the product.” That’s fitting, considering the decades-long career Holguin has had in the music and entertainment industry. During his 10 years at music industry website and chart maker… Source link

Place/Date: – May 6th, 2022 at 8:15 pm UTC · 3 min read Source: FIREPIN (FRPN) FIREPIN (FRPN), Monero (XMR), and Stellar (XLM) could deliver huge gains in the long term and can be bought in 2022 as they are set to declare new updates that strengthen their ecosystem. All three coins possess unique utility that makes them strong bets for 2022. The FIREPIN ecosystem will house an NFT marketplace and metaverse while Stellar and Monero are also coming up with huge updates and announcements in… Source link

For years, trading app Robinhood listed just a handful of cryptocurrencies. Over the past month, it’s brought that number to 11, and it’s now also making available two equities assets tied to the price of crypto. As of today, Robinhood users can buy and sell Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE) via the app. GBTC and ETHE are investment products that trade like a stock and allow investors to get exposure to the price of Bitcoin and Ethereum, respectively, without… Source link

Bitcoin price trades sideways after brief acquaintance with $35,750 Ethereum price slides below the monthly trend line at $2,700 XRP price rests at $.60, displaying hopeful signs Bitcoin price is still macro bullish Bitcoin price currently trades at $36,000 after Thursday’s jaw-dropping sell-off. April saw four sell-offs which were all quickly reversed in a matter of hours. For the first time, the Bitcoin price is resting post-sell-off. Traders hoping for another fakeout spike to the… Source link

Litecoin major update MimbleWimble (MWEB) has been approved by a majority of the nodes and locked in for activation. This process will be completed in the next two weeks, at the height of block 2 million, or May 19th, according to David Burkett, lead MWEB developer. Related Reading | Bitcoin Collapses By Most In Nearly A Month – Its Golden Days Are Over? Burkett confirmed that users with the updated version (0.21.2) of the software will be able to start transacting with MWEB… Source link