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Bollinger Bands are a technical indicator that tracks an asset’s 20-day moving average, and calculates price bands that are two standard deviations above and below that average. Statistically, prices stay within two standard deviations of its average approximately 95% of the time, so a move beyond either band is important to monitor. Source link

The total cryptocurrency market capitalization dropped 8.1% in the past two days after failing to break the $880 billion resistance on Dec. 14.  The rejection did not invalidate the 4-week-long ascending channel, but a weekly close below $825 billion will confirm a shift to the lower band and reduce the support level to $790 billion. Total crypto market cap in USD, 12-hour. Source: TradingView The overall investor sentiment toward the market remains bearish, and year-to-date losses amount to… Source link

Ether (ETH) price is down on Dec. 16 and the pre-FOMC rally to $1,350 was obliterated after Federal Reserve chair Jerome Powell issued hawkish statements following a 0.50% hike in interest rates. The Ether sell-off follows a market-wide decline that has sent Ethereum network fees plummeting by 39.90% in the past 30-days. Daily Ethereum network fees and daily active users. Source: TokenTerminal The total value locked in Ethereum-based smart contracts also decreased by decentralized finance by… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

The token of the decentralized application (DApp) creation platform Waves (WAVES) is plummeting after the algorithmic stablecoin backing it failed to maintain its peg to the US dollar. From opening at $2.38 on December 1st, Waves is now trading for $1.75, a nearly 27% decrease. The low-cap Ethereum (ETH) rival is seeing massive losses after the Digital Asset Exchange Alliance (DAXA) flagged the token with an investment warning. South Korea’s association of crypto exchanges… Source link

What happened Cryptocurrencies struggled today as the industry continues to deal with the fallout of the FTX meltdown and assess broader contagion. Furthermore, investors are also still digesting the Federal Reserve’s final meeting of the year earlier this week. Since late yesterday afternoon, the price of the world’s second-largest cryptocurrency, Ethereum (ETH -6.10%), traded 6.2% lower as of noon today. The price of Ethereum had fallen below $1,200. The price of the meme tokens Dogecoin… Source link

Bitcoin (BTC) looked set to ditch $17,000 after the Dec. 16 Wall Street open as United States equities continued to fall. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: $240BNB “has nothing but air below it” Data from Cointelegraph Markets Pro and TradingView tracked new intraday lows of $16,743 for BTC/USD on Bitstamp. The pair had abruptly dived nearly 3% earlier in the day, compounding losses, which immediately followed one-month highs. Ongoing concerns over largest… Source link

Monero (XMR) is a popular privacy coin known for its heightened anonymity. But as this cryptocurrency has increased in popularity and prevalence, it has faced a good deal of controversy, causing certain exchanges to delist it for trading. But worry not; plenty of popular exchanges still list Monero. So, who’s still open for Monero trading? Why Monero Is Criticized A cryptocurrency receiving pushback is nothing new, but Monero is a particularly fragile topic among… Source link

Bitcoin (BTC) has sustained losses across 2022 amid an extended cryptocurrency bear market that is yet to hit a bottom. At some point, Bitcoin appeared to end the year on a positive note after reacting well to the United States inflation and CPI data alongside the subsequent Federal Reserve interest rate decisions.  In this line, Bitcoin reclaimed the crucial $18,000 position, and investors hoped the minor gains will be instrumental for the asset’s possible rally moving into the new… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link