Ethereum has resumed its downtrend with a woeful daily close below a key level of support. The world’s second-largest cryptocurrency is currently trading at $3,800 following a slight bounce from the $3,680 level. However, it is now crucially trading below the diagonal trendline that provided support dating back to July. Ethereum is now expected to re-test this trendline at $3,910. Failure to break above $3,900 would confirm it as a new point of resistance, which would see downside price… Source link

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This is the technical analysis for Ethereum (ETH), Litecoin (LTC), and Ripple’s XRP. We will be looking at previous day price action and today’s support, resistance, and pivot levels and, when in play, the Fibonacci’s. Ethereum (ETH) Ethereum (ETH) slid by 8.45% on Monday. Reversing a 1.02% gain from Sunday, Ethereum ended the day at $3,784. A bearish day saw Ethereum slide from an early morning intraday high $4,146, to a late intraday low $3,660. Ethereum fell through the day’s major… Source link

More specifically, applications, like DeFi and non-fungible tokens (NFTs) will be launched on decentralized blockchains, using their native token (e.g., ETH, ALGO) to conduct transactions on their platforms, while users will interact seamlessly with these applications, like they currently do with their smartphone applications, using stablescoins, CBDCs or credit/debit cards – either crypto or fiat currency. These platforms will play an integral role in the Metaverse universe evolution. Source link

“First Mover” hosts spoke with Jonathan Manzi, CEO of Beyond Protocol, a blockchain project that focuses on trust and security, after BadgerDAO recently revealed details of how it was hacked for $120 million. First Mover covered crypto market insights from Eaglebrook Advisors Director of Research Joe Orsini. Plus, what blockchain unicorns have emerged in North America this year? Blockchain Coinvestors Managing Partner Matthew Le Merle offered details from his list. Source link

On Monday, Bitcoin’s short-term outlook worsened after the price fell to an intra-day low at $45,672, a far cry from the weekend’s promising rally above the $50,000 level.  With the year nearly complete, and all-time highs nearly 33% away, traders are most likely readjusting their expectations and pushing the $100,000 BTC target a bit further into 2022. Daily cryptocurrency market performance. Source: Coin360 Day traders, 4-hour chart watchers and over-leveraged longs are likely freaking… Source link

Text size Bearish sentiment is building in cryptocurrencies such as Bitcoin and Ether, as investors weigh the Omicron variant and other new macro risks. OZAN KOSE/AFP/Getty Images … Source link

EivindPedersen / Pixabay Many cryptocurrencies continue to arise to match and compete with bitcoin. One of them is Litecoin (LTC) —considered by many as a modified version of bitcoin— which is consistently ranking among other top cryptos in the charts. Get Our Icahn eBook! Get our entire 10-part series on Carl Icahn and other famous investors in PDF for free! Save it to your desktop, read it on your tablet or print it! Sign up below. NO SPAM EVER Q3 2021 hedge fund… Source link

What happened Today’s price action in the wide world of cryptocurrencies has been broadly negative. Indeed, when the three largest tokens by market capitalization — Bitcoin ( BTC -6.18% ), Ethereum ( ETH -7.99% ) and Binance Coin ( BNB ) — are all down, the market tends to follow suit. Over the past 24 hours, these large-cap tokens each lost 3.5%, 3%, and 5.1%, respectively, as of 9:30 a.m. ET. Unsurprisingly, the overall crypto market was down 3.6% over the past day,… Source link

Bitcoin (BTC) declined as Wall Street trading opened on Dec. 13 as stocks came off Dec. 10’s record close. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD diving below $48,000 to reach multi-day lows at the time of writing. Equities had been tipped to add to all-time highs prior to the start of trading, this getting off to a cold start on the day, with gains slipping. Correspondingly, Bitcoin added to losses that… Source link