Ethereum Ethereum fell by 3.35% on Sunday. Following on from a 4.45% decline on Saturday, Ethereum ended the week up by 4.23% to $2,241.45. A mixed start to the day saw Ethereum rise to an early morning intraday high $2,341.00 before hitting reverse. Falling short of the first major resistance level at $2,439, Ethereum slid to an early morning intraday low $2,000.00. The extended sell-off saw Ethereum fall through the first major support level at $2,258 and the second major support level at… Source link

Bitcoin and the wider cryptocurrency market, including ethereum, Ripple’s XRP and cardano, were hit by a sudden flash crash early Sunday morning, tanking prices (though Elon Musk’s “fav” crypto dogecoin is holding steady). The bitcoin price, which had this week been on a downward trend toward $60,000 per bitcoin, dropped more than 10% to just over $50,000. The bitcoin price has since somewhat rebounded to trade around $55,000 but remains some distance from its recent near-$65,000 highs. … Source link

The sudden shake-up in the cryptocurrency market has resulted in the prices falling across the market. Altcoins like Monero have seen a long-term bullish trend flipped to a bearish one. However, the change in trend could be a sign of an impending correction in its market. At the time of writing, XMR was being traded at $313.10 with a market capitalization of $5.58 billion. Monero 6-hour chart Source: XMRUSD on TradingView The XMR chart was showing the strong bullish momentum carrying its… Source link

AFP via Getty Images Text size Here’s what you need to know to navigate the markets today. • Bitcoin plunged 15% overnight before recovering about half its losses on Sunday. Just days earlier, the leading cryptocurrency by market cap had reached an all-time high of nearly $65,000 ahead of the public trading debut… Source link

Bitcoin dropped as much as 15% late Saturday, its biggest intraday drop since February, just days after hitting record highs. It’s unclear what caused the sell-off.  The plunge in the world’s most popular digital coin came after reports attributed the decline to speculation that the U.S. Treasury may take action against money laundering that’s carried out using digital assets, according to Bloomberg.  Separately, a blackout in China’s Xinjiang region, which reportedly powers a lot of… Source link

Topline After a run-up in prices ushering in Coinbase’s long-awaited market debut earlier in the week, the cryptocurrency market plummeted early Sunday after blackouts in China led to massive declines in bitcoin’s mining rates—tanking prices and spurring billions of dollars in liquidations. The market is already on the mend, but bitcoin prices are still down about 10%. Getty Images Key Facts An overnight crash that started late Saturday tanked the total market… Source link

The Ethereum price is struggling, a few days after it reached its all-time high (ATH) of $2,550. ETH has dropped for the past two consecutive days and is now 17% below its ATH. Its market value has dropped to more than $246 billion. Other currencies like Bitcoin, Ripple, Binance, and Cardano have also crashed. What happened: Ethereum price rallied last week because of two main reasons. First, for the first time ever, Coinbase became a public company, which is a sign… Source link

Don’t make these mistakes when you buy cryptocurrency. People have made a lot of money from Bitcoin. If you’d invested $100 when the coin first launched in 2009, your Bitcoin could be worth millions of dollars today. But let’s not forget — many people have also lost millions of dollars on Bitcoin. Whether it’s from buying high and selling low, getting hacked, falling victim to scams, or losing your keys, this high-risk investment can lose you money. Here are four big mistakes to avoid when

On Sunday, bitcoin shed nearly $8,000 and is currently trading at $55,042 down from a day high of $62,000. Photo: Getty Bitcoin (BTC-USD) is experiencing a massive sell-off, shedding almost 15% in the last 24 hours — the biggest intraday drop since February.  The drop appears to coincide with reports that the US Treasury is planning to tackle financial institutions for money laundering carried out through digital assets. Data website CoinMarketCap cited a blackout in China’s Xinjiang… Source link

Bloomberg ECB Debates How to Get Back to the Future After Virus: Eco Week (Bloomberg) — Europe’s late but accelerating vaccination push is allowing monetary officials to begin pondering an economic future free of the curse of the coronavirus.While European Central Bank policy makers will reiterate existing emergency stimulus settings with a horizon of March 2022 when they meet by video this week, the step-up in immunizations across the region has emboldened some of them to start a public… Source link