Bitcoin Cryptocurrency Bitcoin Ethereum Litecoin Monero

Bitcoin (BTC) recovered from a major dip at the May 26 Wall Street open as the market quickly exhausted buy support.  BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Bitcoin volume surges with more expected Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to $28,000 on Bitstamp — its lowest since May 12 and the Terra LUNA implosion.  Progress had already accelerated to the downside on the day, this culminating in a liquidity grab that sent 24-hour BTC… Source link

Ethereum slipped below $1,900 during Thursday’s session, as prices dropped to a two-week low. Bitcoin was also trading lower over the course of the day, as it fell under $29,000. Overall, crypto was down over 3% as of writing. Bitcoin BTC fell below $29,000 earlier in today’s session, as bearish pressure continued to intensify heading towards the end of the week. Following a high of $29,972.64 only yesterday, the world’s largest cryptocurrency dropped to an intraday low of… Source link

LTC/USD traded lower today, breaking below the 64.35 barrier, marked by the lows of May 16th and 19th. The crypto has been oscillating between that barrier and the 74.10 zone since May 13th, but in the bigger picture, all this was happening below the downside line taken from the high of March 30th. Thus, the break below the lower end of the short-term range, combined with the intact downside line, paints a negative short-term picture. In our view, the dip below 64.35… Source link

Now that Bitcoin has lost more than one-third of its value so far this year, what does the future hold for the famed cryptocurrency, and all other cryptocurrencies, as a hedge against inflation? Getty Images The price of Bitcoin has collapsed so far this year by more than one third, to $28,793 as of May 24, and is continuing to head south, suggesting that the worst could be yet to come.  Bitcoin, and all the thousands of other coins — known as altcoins (Ethereum, Tether, Solana,… Source link

Key Takeaways Monero could retrace by more than 20% over the next few days.  A sustained close below $191 should validate the bearish thesis.  XMR will likely need to claim $207 as support to be able to advance further.  Share this article Monero has rallied over the past week. However, further gains could be limited as several technical indicators are pointing to a significant pullback ahead. Monero Could Take a Nosedive Monero looks primed for a steep correction after… Source link

Ethereum dipped below the $1,900 support level over the past few hours. A decisive close below such a vital demand zone will put ETH at risk of a 38% correction toward $1,200. This pessimistic outlook derives from the formation of a bear pennant pattern on the four-hour chart.  ETH 4-hour chart Ethereum would have to claim $2,100 as support for a chance of invalidating the bearish thesis, which appears like a challenging tasks due to the low trading volumes in the… Source link

U.S. Senator Ted Cruz says he is “incredibly bullish” on bitcoin and purchases the cryptocurrency weekly for his portfolio. Emphasizing that cryptocurrency “will change the world,” the senator said, “Uncontrolled, decentralized currency is terrifying for those who want control of currency.” Senator Ted Cruz ‘Incredibly Bullish’ on Bitcoin, Crypto Senator Ted Cruz (R-TX) discussed bitcoin at the Heritage Foundation’s Bitcoin and the American Experiment event Monday…. Source link

Ahead of the Merge tentatively penciled in for August, Ethereum’s Beacon Chain experienced a seven-block reorganization (reorg) yesterday. According to data from Beacon Scan, on May 25 seven blocks from number 3,887,075 to 3,887,081 were knocked out of the Beacon Chain between 08:55:23 to 08:56:35 AM UTC. The term reorg refers to an event in which a block that was part of the canonical chain, such as the Beacon Chain, gets knocked off the chain due to a competing block beating it out. It… Source link

The cryptocurrency market settled into a holding pattern on May 25 after traders opted to sit on the sidelines ahead of the midday Federal Open Market Committee (FOMC) meeting where the Federal Reserve signaled that it intends to continue on its path of raising interest rates. According to data from Alternative.me, the Fear and Greed Index seeing its longest run of extreme fear since the market crash in Mach 2020. Crypto Fear & Greed Index. Source: Alternative Data from Cointelegraph Markets… Source link

Text size ECB President Christine Lagarde says she thinks cryptocurrencies are worth nothing. Dusan Zidar/Dreamstime.com … Source link