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Several technical analysts have commented on bitcoin’s recent price declines. Photo by: STRF/STAR … [+] MAX/IPx 2021 3/13/21 Bitcoin rises above $60K to a new record high. STRF/STAR MAX/IPx Bitcoin prices recently dropped below their 50-day moving average (MA) and have stayed below this key level for a matter of days, a development that has prompted coverage from multiple media outlets. However, is the recent decline as bearish as some make it seem? Several analysts have… Source link

The price of Ether (ETH) fell by 19.6% on April 18, resulting in the quick liquidation of $1 billion in long futures contracts. Despite the size of this record liquidation and its impact on Ether’s price, the futures open interest remained above $20.5 billion, which is 5% below the previous month. After the sell-off, there were signs that investor sentiment deteriorated, which was evident in derivatives markets. Historically, there’s much higher borrowing demand for Ether longs as opposed to… Source link

Bitcoin is setting up for a near-term downturn that could see it shed a good chunk of its recent gains, even if the longer-term outlook appears healthy for the world’s No. 1 crypto. That’s the view of a number of analysts after bitcoin prices BTCUSD, -1.15% breached a key technical level following the exuberance for digital assets in the wake of Coinbase Global’s COIN, +1.54% listing on the Nasdaq last week. … Source link

This week, we do a deep dive into the intricacies of one single Ethereum 2.0 metric: total value staked (TVS). There’s a lot of nuance to this metric, but once you do the legwork a little knowledge can really pay off in terms of insight into the protocol and a better understanding of how to interpret what seems at first like major discrepancies in the data across providers and sources.  Then, in true nerd fashion, we delve into an ongoing hackathon that, even if you’re not particularly… Source link

The number of LTC whales has sharply dropped in the last two weeks. The digital asset is barely holding itself above a crucial support level. Litecoin seems to favor a bearish move down to $220. Litecoin price is facing significant selling pressure as large holders are selling their positions. This could quickly drive LTC down to new lows if a crucial support level fails to hold. Litecoin price might not be able to hold critical support point On the 4-hour chart,… Source link

Trading trends and economic statistics. getty It is almost hilarious that the U.K. is thinking about a digital currency that its chancellor is calling britcoin. The most hilarious part of this, at least to me, is that the U.K. pound is exactly a digital currency already. The U.S. dollar is a digital currency, the yuan is a digital currency, the euro is a digital currency. It’s hard to imagine there is a modern currency that isn’t almost entirely digital. Almost all our… Source link

Four types of cryptocurrencies can now be bought and sold via the social payments app Venmo, the company announced on Tuesday. There are already a number of smartphone apps that support crypto trading, including Coinbase, Gemini and Robinhood, but Venmo pitched its own integration as further streamlining the process—letting its U.S. users get involved for as little as $1. Those users will now have the ability to buy, hold and sell Bitcoin, Ethereum, Litecoin, and Bitcoin Cash… Source link

The Monero price is retreating after it surged by more than 20% yesterday. It is up by more than 12% in the past 24 hours bringing the past seven-day gains to 21%. The XMR is trading at $385, which is 9% below the intraday high of $425. Its market cap has surged to more than $7 billion and is now the 22nd-biggest digital currency in the world. The background: Monero is a fast-growing digital currency that was started in 2014. It is a widely accepted currency that is… Source link

The past days have been pivotal for the cryptocurrency industry as Bitcoin (BTC) suffered a drop in its mining hash rate owing to a menacing Xinjiang power outage. The resultant effect sent the prices of the cryptocurrency tumbling down, dragging the entire market to a massive fall. However, Bitcoin as well as Ethereum appears to be paring off the losses accrued in the past days. Bitcoin is trading at $56052.9, down 2.13% while Ethereum has shed off 3.2% to be… Source link