The enhanced price fluctuations in the entire crypto market resulted in over $300 million worth of liquidations. Bitcoin’s 15% price surge, for one, became its largest one in over a year. The “special military operation” launched by Russian President Vladimir Putin against its western neighbor caused massive disruptions in financial markets last week. Bitcoin, being a highly volatile and free-market asset, dumped by about $5,000 in a day to a monthly low of just over… Source link

RSI, or relative strength index, readings hovered at the 71 level at the time of writing, suggesting further downside to the $86 level, where local support exists. RSI is a price-chart tool that calculates the magnitude of price changes. Readings above 70 show an asset is “overbought” and could see a correction, while under 30 suggest an asset is “oversold” and could see a price increase. Source link

In brief The cryptocurrency market is up nearly 11% over the last 24 hours. Bitcoin has popped 15% during the span and is back above $43,000, while Ethereum is flirting with a move back to $3,000. This morning’s rise in prices across the cryptocurrency market wasn’t a short-lived blip: the price of Bitcoin, Ethereum, and other top coins has continued to accelerate over the course of the day, with Bitcoin rising above $43,000 and Ethereum eyeing a move back towards $3,000. As of this… Source link

Litecoin (CRYPTO: LTC) is trading higher Monday and looks to be bouncing off support in a sideways channel. The crypto has been in a steady downward trend for the past few months, but could be turning around if the support level can hold. Litecoin was up 6.28% at $109.52 at time of publication. Related: After Trading Lower, Will Litecoin Get Its Groove Back? Litecoin Daily Chart Analysis Litecoin looks to be bouncing off the $100 support level, as it has a few times in the… Source link

Throughout the previous year, Ethereum‘s rising gas fee was among the biggest concerns of the cryptocurrency industry. Well, especially due to Ethereum’s major role in DeFi and NFTs. The rising gas fees had inadvertently led to more congestion. Hence, higher transaction time and costs. Ethereum’s development team has been breaking necks over fixing these issues. However, the gas fee appears to be regressing of late. Source: bitinfocharts In fact, Ethereum’s average network fee hit a… Source link

“I’m asking all major crypto exchanges to block addresses of Russian users,” Mykhailo Fedorov, vice prime minister of Ukraine and minister of the country’s digital transformation, tweeted on Sunday. “It’s crucial to freeze not only the addresses linked to Russian and Belarusian politicians, but also to sabotage ordinary users.” Source link

Whenever Bitcoin (BTC) fails to break through important resistance levels, traders gain confidence and add to their altcoin positions. The logic is that, unless BTC drops significantly, these movements historically provide decent rewards for those shifting their portfolios toward higher risk. Bitcoin/USD at FTX. Source: TradingView In the past seven days, the aggregate market capitalization performance of the cryptocurrency market showed a modest 3% increase to $1.78 trillion. This number is… Source link

What is the Ethereum Name Service? Crypto addresses are long strings of numbers and letters designed to be read by computers. These long addresses have led to confusion and even loss of funds.  The Ethereum Name Service, or ENS, is a distributed technology based on the Ethereum blockchain that provides an elegant solution to long and confusing crypto addresses: one URL, just like a website name or email, that represents a crypto address. … Source link

After climbing to a price of more than $41,000 on Monday, Bitcoin’s market capitalization has surpassed that of the Russian ruble.  According to data from CoinMarketCap, the market cap of Bitcoin (BTC) surged to roughly $780 billion on Monday amid the price rising to $41,391, a 5.7% increase over the last 24 hours. BTC’s market capitalization exceeds the money supply of the Russian ruble, which according to the Central Bank of Russia, was 65.3 trillion rubles as of Feb. 1 — roughly… Source link

What happened Top cryptocurrencies Bitcoin ( BTC 11.11% ), Ethereum ( ETH 8.45% ), and Dogecoin ( DOGE 5.21% ) each rocketed higher in late-morning trading, making up all of this morning’s losses, and then some. As of 11:30 a.m. ET, these three tokens have surged 5.3%, 1.7%, and 1.5% higher. This surge negates earlier intraday declines of 4.8%, 6.7%, and 3.8%, respectively. This impressive crypto turnaround followed the movements seen in most stock indexes,… Source link