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Bitcoin (BTC) analysts faced another day of frustration on May 28 as BTC/USD refused to offer volatility up or down. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView “Not the decoupling we wanted” Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency sticking in a narrow short-term range into the weekend. Previously forecast support levels to avoid a deeper correction managed to hold in the May 27 Wall Street trading session, but a bounce higher was… Source link

And on the macro front, MRB Partners, a global investment research firm, expects equity markets to rebound should global growth conditions prove resilient. The firm is”[a]ssuming interest rate expectations and bond yields stay calm for a period of time, which is probable as inflation will temporarily decelerate, first in the U.S. and then elsewhere. Central banks, in turn, likely will briefly cool their newfound hawkishness,” MRB wrote in an email. Source link

Every Bitcoin investor is searching for signals that the market is approaching a bottom, but the price action of this week suggests that we’re just not there yet.  Evidence of this can be found by looking at the monthly return for Bitcoin (BTC), which was hit with a rapid decline that “translated to one of the biggest drawdowns in monthly returns for the asset class in its history,” according to the most recent Blockware Solutions Market Intelligence Newsletter. Bitcoin monthly returns…. Source link

Ethereum Classic’s (ETC) price surged more than 9% in the last 24 hours, with trading volume jumping 40%. The rally is fueled by instability in the Ethereum Beacon Chain that underwent block reorganization, questioning the stability of transitioning to proof-of-stake (PoS). While the Ethereum (ETH) price slips below $1800, the proof-of-work (PoW) ETC price continues to soar higher. Ethereum Classic (ETC) Defies Market Wide Correction The Ethereum Classic (ETC) price has risen more… Source link

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Text size Bitcoin is not following stocks higher. Dreamstime Bitcoin and other cryptocurrencies slid lower on… Source link

As bears circle crypto and traditional markets, Ethereum has faced the brunt of it. Ethereum is currently trading hands at $1,770, down roughly 3.4% over the past 24 hours, according to CoinMarketCap. The bearish trend is the latest in what has been a rather red week for the second-largest cryptocurrency by market capitalization.  Over the past seven days, Ethereum shed more than 16% of its value, tumbling from $2,077 on Monday to as low as $1,731 in the early hours on Friday. It has since… Source link

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This week sees the launch of Litecoin’s (LTC) all-new privacy extension, and some high-profile fashion retailers announcing their acceptance of its tokens as payment. Meanwhile, Shiba Inu (SHIB) have revealed that they will be launching their new online P2E game. How can the new and sleek looking Logarithmic Finance (LOG) cross-chain compete with these two well established crypto projects? Litecoin (LTC) – The Granddaddy of Altcoins Litecoin (LTC) is one of the original ‘altcoins’,… Source link

Bitcoin (BTC) could still see a major price capitulation, but more whales need to start selling first, data suggests. In one of its daily QuickTake market updates on May 27, on-chain analytics platform CryptoQuant highlighted increasingly bearish whale behavior. Small whale selling should spark “absolute capitulation” Amid the widespread consensus that BTC/USD should put in a lower low than its May 12 pivot price of $23,800, some of Bitcoin’s largest holders are showing signs of… Source link