Follow @crypto Twitter for the latest news. Bitcoin’s stayed quiet so far this month, even as inflation prints show up hotter than expected. Chartists are now keying in on technical indicators to see where it could be headed. The price of Bitcoin is nearing the lower band of its Trading Envelope indicator — which smooths moving averages to map out higher and lower limits — suggesting it’s near a critical inflection point. If the lower level of the band is breached,… Source link

Bitcoin (BTC) decreased considerably on July 13, resuming the descent that began the previous day and hit a low of $32,202. So far, BTC has continued moving downwards in the early hours of July 14. However, it’s rapidly approaching a confluence of support levels. BTC trading range BTC is still trading inside the range of $31,300 and $40,550 that’s been in place since May 19. Currently, it’s trading slightly above the $31,300 horizontal support area. The price has been moving downwards… Source link

New Delhi: Most major cryptocurrencies plunged on Wednesday as bears continue to push prices lower. Barring US dollar pegged coins, the top 10 traded cryptocurrencies were down up to 25 per cent in the last 24 hours. Bitcoin was down 8 per cent while Ethereum tanked 21 per cent. Binance Coin, XRP and Cardano were also down in double digits. Interestingly, the sell-off happened at a relatively higher volume, meaning this trend may continue for some time, said analysts. “The markets are… Source link

Ethereum Ethereum fell by 4.43% on Tuesday. Following a 5.17% slide on Monday, Ethereum ended the day at $1,940.76. A mixed start to the day saw Ethereum rise to a late morning intraday high $2,047.72 before hitting reverse. Falling short of the first major resistance level at $2,133, Ethereum slid to a late intraday low $1,917.40. Ethereum fell through the first major support level at $1,966 to end the day at sub-$1,950 levels. At the time of writing, Ethereum was up by 0.02% to $1,941.17. A… Source link

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Ether (ETH) perhaps had the most bullish outlook entering the July session, with a key technical update dubbed EIP-1559, promising to make its native token ETH scarcer through the network’s first-ever burning mechanism. But so far into the month, the second-largest cryptocurrency by market cap has vastly tailed its top rival Bitcoin. The positive correlation was visible on July 13, following the New York opening bell, when Ether plunged below $2,000 to hit its two-week low in sync with… Source link

What happened It’s Tuesday, and for the second day in a row, cryptocurrencies are going down. In 10:30 a.m. EDT trading today: So what Why is that? As we saw last week, and as we saw yesterday, the answer appears to be government regulation and action — not just in the U.S. but around the world. Image source: Getty Images. In the United Kingdom, authorities just announced a “significant” operation to seize what they called laundered “proceeds of… Source link

It’s morning in Miami, and a restless crowd, many thousands strong, has assembled outside the gates of the Mana Wynwood conference center. It’s early June, and they’re here to attend Bitcoin 2021, a two-day conference in Miami’s swiftly gentrifying Wynwood neighborhood that’s attracted 12,000 attendees in what is being advertised as not only the largest Bitcoin conference in history, but one of the biggest public gatherings in the U.S. since the Covid-19 pandemic began. But now,… Source link

Ethereum remains trapped in a tight range during a period of extremely low volatility. Short term support continues to prop price just below the $2,000 mark, while $2,050 has become a bitter point of resistance on the lower time frames. Higher time frames paint a more dreary macro picture for Ethereum, with the weekly 21 exponential moving average becoming a stubborn point of resitance to the upside at $2,175. It’s worth noting that anticipation around Ethereum’s upcoming London fork is… Source link

Ethereum Ethereum slid by 5.17% on Monday. Reversing a 1.43% gain from Sunday, Ethereum ended the day at $2,030.72. A mixed start to the day saw Ethereum rise to an early morning intraday high $2,169.00 before hitting reverse. Falling short of the first major resistance level at $2,182, Ethereum slid to a late intraday low $2,002.00. Ethereum fell through the first major support level at $2,090 and the second major support level at $2,040. Steering clear of sub-$2,000 levels, Ethereum revisited… Source link