Bitcoin Cryptocurrency Bitcoin Ethereum Litecoin Monero

Fear dominates the crypto market, following six weeks in the red. Many large caps have lost their long-term support, and ETH is one of them after reaching its lowest level since February 24, the day of the invasion. Technical Analysis Technical Analysis By Grizzly The Daily Chart The Delta Volume of both Binance futures and FTX perpertuals evaluates the behavior of buyers and seller takers in the market. When green histograms are witnessed, it is interpreted that buyer… Source link

Text size Cryptocurrency prices have slid since Friday. Dusan Zidar/Dreamstime Cryptocurrency market… Source link

Having spent the last five weeks in decline, the industry’s largest cryptocurrencies by market capitalization, Bitcoin and Ethereum, are currently down roughly 50% from their all-time highs posted during the 2021 bull run.  Leading cryptocurrency Bitcoin still dominates 41.8% of the market with a capitalization of $628 billion. It’s trading at $32,947 – a level not seen since July 2021, according to crypto data aggregator CoinMarketCap.  This figure records a 51.98% drop in value since… Source link

Bitcoin (BTC) set a new record low price for 2022 on May 9 as crypto markets continued selling off prior to the Wall Street opening. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price sinks under $36,700 Data from Cointelegraph Markets Pro and TradingView confirmed the firmly bearish achievement for BTC/USD, which hit $32,637 on Bitstamp. With the latest installment of a string of losses in May, the pair continued to trade under $33,000 at the time of writing, with weekly… Source link

The broader market took a nearly 4% 24-hour plunge on its global market cap at press time. Consequently, Terra, Monero, and SAND’s 4-hour RSI dived to exhibit a bearish inclination. The bulls needed to now hold on to their immediate grounds while stalling the consistent sell-off on high volumes. Terra (LUNA) Source: TradingView, LUNA/USDT As the $101-resistance posed a hefty hurdle in the December rally, LUNA’s recession phase initiated. After the price kept bouncing around the… Source link

Monero (XMR) has shown a surprising resilience against the United States Federal Reserve’s hawkish policies that pushed the prices of most of its crypto rivals — including the top dog Bitcoin (BTC) — lower last week.  XMR price closed the previous week 2.37% higher at $217, data from Binance shows. In comparison, BTC, which typically influences the broader crypto market, finished the week down 11.55%. The second-largest crypto, Ether (ETH), also plunged 11% in the same period. XMR/USD… Source link

Bitcoin price has breached a significant support level at $34,752 on the weekly time frame, hinting at a descent. Ethereum price followed BTC’s lead and crashed below the $2,541 foothold. Ripple price has also flipped below a stable floor but technicals are still reflecting a bullish possibility. Bitcoin price is in a fragile state after a breakdown of a critical support barrier. Ethereum, Ripple and many altcoins have already crashed a lot and could continue doing so if BTC does not… Source link

Bitcoin (BTC) starts the second week of May 2022 by bringing up bearish ghosts from its past — how much worse could the picture get for hodlers? After falling to nearly $33,000, the largest cryptocurrency is giving market participants, new and old, a run for their money, and the fear is palpable. A brutal combination of macro cues, which are set to continue this week and beyond, forms the backdrop for some historical chart retests that no one wanted to see again. As calls for capitulation… Source link

Key Takeaways Bitcoin and Ethereum have dipped by more than 15% over the past four days. Bitcoin could dive to $28,060 if it breaches the $32,850 support level. Ethereum must hold above $2,500 to avoid a downswing to $1,720 or lower. Share this article Bitcoin and Ethereum are still trending downwards while fear surrounding the global macroeconomic environment escalates. Losses could accelerate as both cryptocurrencies appear to breach vital demand zones. Bitcoin and Ethereum Face… Source link

InvestorsObserver analysis gives Monero a low risk assessment. The proprietary scoring system calculates how much money was required to move the price over the past 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity. Low values representing high risk while high scores equate to low risk based on a 0 to 100 range. InvestorsObserver is… Source link