Ether (ETH) price tumbled below the $3,000 support on Jan. 21 as regulatory uncertainty continues to weigh down the sector and rumors that the United States Securities and Exchange Commission is reviewing DeFi’s high-yield crypto lending products continue to circulate.  On Jan. 27, the Russian Finance Ministry submitted a crypto regulatory framework for review. The proposal suggests that crypto operations are carried out within the traditional banking infrastructure and that mechanisms to… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The overall market sentiment has been bearish for the crypto-market in recent weeks. Whether this is a brief period of uncertainty before the resumption of a bullish trend for Bitcoin is yet to be seen. In the meantime, the altcoin market has taken a stronger beating. This is how the market operates, and it has bullish cycles followed by times of sharp drops… Source link

What happened The cryptocurrency market is getting hit with more sell-offs today. Most top-100 tokens have seen valuation slides, and Bitcoin (CRYPTO:BTC), Ethereum‘s (CRYPTO:ETH) ether token, and Dogecoin (CRYPTO:DOGE) were down roughly 0.8%, 2.9%, and 2.5%, respectively, over the last 24-hour period as of 5 p.m. ET Thursday. Rising bearish pressures are gripping the market, and investors have generally become more risk averse lately. Federal… Source link

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Litecoin’s (CRYPTO: LTC) price has decreased 3.42% over the past 24 hours to $108.48, continuing its downward trend over the past week of -24.0%, moving from $142.26 to its current price. The chart below compares the price movement and volatility for Litecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or… Source link

Cryptocurrencies lost momentum on Thursday, tumbling sharply after the outcome of the Federal Reserve’s Wednesday Open Markets Committee meeting gave digital coins a fleeting boost. After briefly appearing to decouple from risk-sensitive stocks, Bitcoin (BTC-USD), Ethereum (ETH-USD) and its crypto cohorts ended Wednesday’s whipsaw session in the red, along with Wall Street. The reversal signaled the correlation with equities was not likely to end anytime soon, especially with the Fed poised… Source link

Litecoin receives a low risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a coin can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk. InvestorsObserver is… Source link

Bitcoin (BTC) investors are famous for their ability to “hodl” through price dips, but new data sheds light on how long they may be prepared to continue. In a tweet on Jan. 16, on-chain analytics firm Glassnode noted that holder behavior currently mimics how Bitcoin behaves during the least extreme part of its price cycles. Reserve Risk: Bitcoin price ‘depressed,’ hodlers hodl on Referring to its Reserve Risk (R-Risk) metric, Glassnode argued that current buying and selling trends are… Source link

“We haven’t had a meaningful bounce since we broke below $40,000, just a slow grind up,” said Laurent Kssis, a director of crypto-trading advisory firm CEC Capital. “This doesn’t feel that great given no real support has been established, although, on the positive side, this structure is completely the norm for higher timeframe bottom formations.” Source link

Although the stock market has historically been one of the world’s greatest wealth creators, many well-known cryptocurrencies have run circles around the broad-market indexes in recent years. This includes the “Big Two” of the crypto community, Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH). Over the trailing five-year period, through Jan. 16, the benchmark S&P 500 was higher by 105%. By comparison, Bitcoin and Ethereum had rocketed to respective… Source link