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Ether’s (ETH) 12-hour closing price has been respecting a tight $1,910 to $2,150 range for twelve days, but oddly enough, these 13% oscillations have been enough to liquidate an aggregate of $495 million in futures contracts since May 13, according to data from Coinglass. Ether/USD 12-hour price at Kraken. Source: TradingView The worsening market conditions were also reflected in digital asset investment products. According to the latest edition of CoinShare’s weekly Digital Asset Fund Flows… Source link

Crypto, in time, might impact various governmental concerns, including health care, voting and human rights, among other issues and so might be seen as another universalist project. But it’s important to think about the actual things it affects now. That is to say, money. Source link

“We can look at things like the 200-week moving average, which is around $22,000. We can look at realized price, which is the average price of coins that have moved on-chain, which is around $23,800,” Olszewicz said on CoinDesk TV’s “First Mover” program. “This [movement to hit bottom] will probably take at least all of Q3, perhaps Q4 as well, if it were to happen this year.” Source link

Ethereum price could break out and rally towards $3,000 as analysts identify a pennant breakout.  GameStop, the world’s largest game retailer, has launched a non-custodial Ethereum wallet for its upcoming NFT marketplace.  Analysts argue that upcoming Ethereum Merge is a bullish catalyst, as ETH tokens will be unlocked slowly.  Ethereum price is on track to break out as a bullish pennant has appeared on the altcoin’s chart. GameStop’s non-custodial… Source link

The crypto market has been in decline over the past six months with its valuation dropping from over $3 trillion in November 2021 to $1.23 trillion in May 2022. Fears over persistently higher inflation, the Federal Reserve’s hawkish response to it, and the ongoing conflict between Ukraine and Russia prompted investors to limit their exposure to riskier assets. Also, their increasing appetite for the safe-havens, such as the U.S. dollar, weighed down demand for some of the top cryptocurrencies… Source link

It was September 6, 2021, when the Central American nation of El Salvador decided to go ahead and purchase 200 Bitcoin (BTC), worth about $10.3 million at the time. The day was hailed as momentous in the history of the crypto market and was met with much fanfare. In fact, many proponents claimed that the purchase was just an inkling of what really lay ahead in terms of a global crypto-driven economy. However, a lot has changed since then, especially with BTC losing 55% off its value after… Source link

Ethereum price has consolidated further in a pennant structure since mid-May. ETH price is set to perform a bullish breakout as an ascending trend line supports. Expect a jump above $2,148.67 and rally up towards $2,300. Ethereum (ETH) price is set to jump 18% in value if a tailwind persists throughout the trading day. Although the ASIA PAC session saw some dark clouds forming over disappointment at the Chinese government’s support package and this pushed Asian… Source link

Quantitatives/Unsplash By June 2022, the price of Monero (XMR) could see a significant drop. Its 75% gain in the last two weeks could indicate we are entering the Monero overbought danger zone. Monero is also forming a bearish reversal pattern known as a rising wedge. Price travels inside a range indicated by two ascending, converging trendlines, forming rising wedges. Disclaimer: this article is not financial advice. Monero “overbought” danger zone indicative of overvalued… Source link

May 24 (Reuters) – The crypto winter is into its ninth week and bitcoin can’t shake the chills. From technicals to turnover, market indicators are flashing red or amber for the biggest cryptocurrency, which has lost a third of its value in just two months. So what now? Register now for FREE unlimited access to Reuters.com Register Bitcoin’s limited history isn’t much of a guide on crypto winters, which we’re defining as prolonged bearishness for a month or more. There have been five since 2017 and… Source link