EOS, Bitcoin SV [BSV], and Monero [XMR] have been among the alts impacted by the falling market. The altcoins have been plunging and the trends have vastly changed across the market. EOS Source: EOSUSD on TradingView EOS price has been following the trend of the largest altcoin Ethereum [ETH] and surged to its annual peak of $9.02 in the previous week. However, the price has slipped by 50% since and the current value of EOS was $5.18. This falling value of the digital asset has given way to… Source link

Ethereum is currently recovering from a dramatic 20.68% sell-off just 24-hours after it formed a new all-time high of $2,645. At the time of writing the world’s second largest cryptocurrency is trading at $2,262 after bouncing by more than 8% from its overnight lows. The sell-off was reflected across the wider cryptocurrency market, with Bitcoin slumping below $50,000 for the first time since March 7 as speculators begin to question whether the bull market has come to its conclusion. It’s… Source link

Cryptocurrencies like Bitcoin, Ether and Dogecoin took a beating Friday, extending a recent run of wild swings as President Joe Biden is expected to unveil a plan to raise taxes on the wealthiest Americans that would nearly double levies on investment gains. The losses erased more than $200 billion of value from the cryptocurrency market, according to CNBC, citing data from CoinMarketCap. Given bitcoin’s meteoric rise in recent years, it could push some investors to sell their positions in an… Source link

Topline Bitcoin—the world’s most popular cryptocurrency—struggled to recover its losses on Friday after plunging below the $50,000 price level in the early hours of the morning thanks to investor jitters over President Biden’s plan to nearly double capital gains taxes for the wealthy.  getty Key Facts A wave of selling that started early Friday morning pushed bitcoin’s price as low as about $47,814, according to crypto-data website CoinMarketCap, and wiped $97… Source link

Bitcoin slipped on Friday as reports of U.S. President Joe Biden mulling a tax hike on wealthy Americans drew stronger selling pressure in the spot market. The biggest cryptocurrency traded well below the 100-day simple moving average support of $49,470 during the European hours, marking the first breakdown of the widely tracked technical line in six months and extending the recent sell-off from record highs above $64,000. Other alternative cryptocurrencies such as ether, binance token, XRP, Source link

The Litecoin price is deeply in correction territory as the overall crypto sell-off accelerates. The LTC has dropped in the past seven consecutive days and is down by more than 32% from its highest level last week. Its market value has crashed to more than $14.97 billion. Why Litecoin price dropped: The LTC price has declined sharply after it rose to an all-time high of $335 last week. There are several reasons that explain this sell-off. First, there is relatively… Source link

Ethereum Ethereum rose by 1.79% on Thursday. Following from a 1.07% gain on Wednesday, Ethereum ended the day at $2,399.99. A mixed start to the day saw Ethereum fall to an early morning low $2,317.25 before making a move. Steering clear of the major support levels, Ethereum rallied to a late afternoon intraday high and a new swing hi $2,646.20. Ethereum broke through the first major resistance level at $2,474 and the second major resistance level at $2,590 before hitting reverse. The reversal… Source link

Litecoin is currently trading at around $283, gaining 5.59% in the last 24 hours. LTC bulls are looking to hold the key support level for the coin at around $257 to prepare it for a fresh momentum. Light It Up: Litecoin Targets $420 Around Toking (Not Token) Holiday LTC price had a rough week falling nearly 30% from its high of $333. A recent mining center blackout in China left the cryptocurrency markets in the red the past few days. The intraday gains have seen bulls recover losses… Source link

Miners have raised Ethereum’s gas limit to almost 15 million for the first time in a bid to relieve transaction congestion at a time when on-chain activity is increasing with ether’s price (ETH) up 2.8% on the day to $2,456. The Ethereum gas limit sets a ceiling for how many operations can be included in each block. Before the increase, miners set Ethereum’s gas limit at 12.5 million until Ethereum creator Vitalik Buterin suggested raising it last week on Reddit, in light of recent code… Source link

The market is clearly choosing other digital assets over bitcoin. Ether hits a fresh record price and BNB dominates. Bitcoin (BTC) trading around $52,612 as of 21:00 UTC (4 p.m. ET). Slipping 4.7% over the previous 24 hours. Bitcoin’s 24-hour range: $52,889-$55,233 (CoinDesk 20) BTC below the 10-hour and 50-hour moving average on the hourly chart, a bearish signal for market technicians. Bitcoin’s hourly price chart on the Bitstamp exchange since April 19. Source: TradingView Bitcoin had its… Source link