Ethereum Ethereum tumbled by 13.25% on Monday. Following on from a 2.04% on Sunday, Ethereum ended the day at $1,088.79. It was a particularly bearish day. Ethereum slid from an early morning intraday high $1,260.24 to a late afternoon intraday low $905.00. The sell-off saw Ethereum fall through the first major support level at $1,155.13 and the second major support level at $1,055.12. More significantly, Ethereum also slid through the 23.6% FIB of $1,051. Finding support late in the day…. Source link

Bitcoin’s plunge to as low as $30,305 was intensified from leveraged long derivative liquidations; options traders are totally bearish on ether, the native asset of Ethereum. Bitcoin (BTC) trading around $33,277 as of 21:00 UTC (4 p.m. ET). Slipping 10.9% over the previous 24 hours. Bitcoin’s 24-hour range: $30,305-$38,947 (CoinDesk 20) BTC above the 10-hour but well below the 50-hour moving averages on the hourly chart, a sideways-to-bearish signal for market technicians. Bitcoin trading on… Source link

Bitcoin prices suffered a pullback lately, falling from their all-time high of nearly $42,000. … [+] (Photo by Jakub Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images Bitcoin prices have suffered some notable losses over the last few days, falling more than 25% between Friday and this morning as traders sold the digital asset. The cryptocurrency dropped to as little as $30,305.30 at roughly 11:30 a.m. EST, according to CoinDesk data. At… Source link

Bitcoin prices entered bear-market territory over the weekend, typically defined as a decline from a recent peak of at least 20%. Stop us if you’ve heard this story before. The notoriously volatile asset, which has a record of massive downside slumps following a stratospheric run-up, touched a low of nearly 28% beneath its record high of $41,962.36 on Monday, based on CoinDesk. Bitcoin BTCUSD, -16.69% technically entered a bear market on… Source link

The past week has been an emotional rollercoaster for Ether (ETH) traders, as there were seven four-hour candles of a 10% or larger price movement.  Furthermore, the most recent 30% drop to $920 triggered $550 million in liquidations on long futures contracts. To complicate things even further, this current price correction is taking place just four weeks ahead of the launch of CME’s ETH futures. ETH/USD 4-hour chart. Source: TradingView It’s possible that even the most bullish Ether traders… Source link

After rallying to record-setting prices, recapturing the attention of the public and becoming once-again the topic du jour, cryptocurrencies are losing ground today. Bitcoin, the best-known cryptocurrency, peaked at more than $41,000 apiece on January 8. Today after shedding a little over 23% in the last 24 hours, one bitcoin is now worth around $31,800. Similarly, ether, the token associated with the Ethereum blockchain, peaked at a little over $1,300 on January… Source link

Bitcoin is still up a lot over the past few months, not to mention from where it was trading just a few weeks ago. But the drop highlights how the stunning rise has raised alarm bells among some on Wall Street. “It’s scary when the price of bitcoin just goes straight up,” said James Putra, vice president of product strategy for TradeStation Crypto. “This pullback was needed.” Just last week a strategist at Bank of America said bitcoin’s surge may be the “mother of all bubbles,” noting that… Source link

Bitcoin tumbles 20% in worst crash since March | Fortune … Source link

Dado Ruvic/Reuters People could “lose all their money” if they invest in cryptocurrencies such as Bitcoin, the UK’s financial watchdog said on Monday. Bitcoin hit an all-time high of almost $42,000 on Friday but has since fallen to about $35,000. Regulators are increasingly concerned about cryptocurrencies such as Bitcoin and are paying more attention to digital assets. Visit Business Insider’s homepage for more stories. People who invest in cryptocurrencies could well “lose all… Source link

Photo illustration of visual representations of digital cryptocurrencies Yuriko Nakao/Getty Images Bitcoin slid as much as 21% overnight, under pressure from investor risk aversion that also undermined equities, while the dollar rallied. The possibility of a second impeachment for Donald Trump, led by the Democrats, encouraged safe-haven flows into the dollar, which rose to two-week highs. Bitcoin fell to a one-week low, but was still up about 25% in value so far this… Source link