BTC

On Wednesday, the implosion of the TerraUSD stablecoin kindled wide-spread panic in the crypto space. But 24 hours later, things have calmed down ...

Terraform Labs halted and then restarted its Terra blockchain in the wake of the collapse of TerraUSD and its related Luna token. Tether, the largest stablecoin used in cryptocurrency markets to facilitate trading, recovered from a mini-crash, soothing frayed trader nerves that its troubles might spill into the broader market. On Wednesday, the implosion of the TerraUSD stablecoin kindled wide-spread panic in the crypto space.

The stablecoin price action is creating a big movement toward de-risking in the cryptocurrency market. This appears to be crypto winter. Plan accordingly. A ...

Stablecoin woes hit the crypto markets once more on Thursday. A Tether recovery to $0.99 restored confidence and a bitcoin recovery from $25836.

Looking at the EMAs and the 4-hourly candlestick chart (below), it is a bearish signal. A fall through the pivot would test the First Major Support Level at $26,475. The Second Major Support Level sits at $24,027. The Third Major Resistance Level sits at $36,779. On Monday, the market cap had hit a current week high of $1,569 billion before the TerraUSD and Terra LUNA implosion. Late in the day, bitcoin retested resistance at $30,000 before easing back.

The latest moves in crypto markets in context for May 12, 2022. · Market Moves: Bitcoin traders took a beating overnight as long liquidations surged, while ...

Cryptocurrencies extended their sell-off on Thursday, with Bitcoin falling to its lowest levels in 16 months as a stampede out of so-called stablecoins sent ...

It was supposed to maintain its peg via a complex mechanism which involved swapping it with another free-floating token. Stablecoins are digital tokens pegged to the value of traditional assets, such as the US dollar. "The collapse of the Peg in TerraUSD has had some nasty and predictable spillovers.

Ethereum's native token, Ether (ETH), plunged to its lowest level in almost two months against Bitcoin (BTC) as a crypto market sell-off intensified on May ...

The ETH/BTC plunge coincided with the Bitcoin dominance index — a metric that measures Bitcoin’s market share against altcoins — climbing to nearly 45% on May 12, its highest level since November 2021. As a result of Ether’s slightly limited decline compared to Bitcoin’s, ETH/BTC has shown resilience despite the market downturn in 2022. But ETH faces a sequence of resistance levels as it pursues an upward continuation trend in the coming days. Conversely, ETH/BTC has been testing an upward sloping trendline, marked as “LTF support” in the chart above, as support since June 2021. The ETH/BTC trading pair fell by 7.5% to 0.0663 in the past 24 hours. Similarly, Bitcoin is down 63% from its all-time high of $69,000 in the same period.

Bitcoin fell below $30000 for the second time this week. However, today's plunge saw prices fall to their lowest level since December 2020.

Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. However, bears could still attempt to push this towards a floor of 19. Bitcoin fell below $30,000 for the second time this week, however today’s plunge saw prices fall to their lowest level since December 2020. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Similar to BTC, relative strength in ETH also fell to a multi-month low on Thursday, and is now trading below 25. Looking at the chart, the 14-day RSI is now at 23, which is still close to a five-month low.

Altcoins saw significant sell-offs this week, and Bitcoin hit a new low last night of $26.6k. The stock market continues its bearish momentum today as investors ...

The high amount of realized loss suggests that Bitcoin hasn’t found its bottom yet. The cryptocurrency market will get through this challenging period and come out stronger than ever. It’s clear that serious investors are still buying Bitcoin and Ethereum and the long-term sentiment of the crypto assets remains bullish. With the recent rebound from its low, is the Bitcoin price in recovery? This means many people sold BTC and cut their losses this week. Is it a good idea to buy the dip?

Bitcoin has finally broken below $30000 and should be ready to bottom soon. Read more to find out why I'm still bullish on BTC.

Bitcoin's price jumped over the $30000-mark and other Cryptocurrencies were recovering following the collapse of TerraUSD.

The second largest cryptocurrency, Ethereum, was up by over 12 per cent to $2,098. The slight growth comes as a relief for investors who watched it fall significantly. The world's most popular cryptocurrency was recovering after it fell to a 16-month low.

Bitcoin and Ethereum hovered just under key psychological levels, as the global cryptocurrency market cap declined 2.2% to $1.2 trillion at press time.

— Ali Martinez (@ali_charts)— Ali Martinez (@ali_charts) #Bitcoinwhales continue to exit the network! The number of addresses with a balance greater than 1,000 $BTCdropped to a three-month low of 2,237 addresses. — Ali Martinez (@ali_charts)— Ali Martinez (@ali_charts) #Ethereumwhales are buying the dip! Key whale addresses dumped a total of $710 million in USDT on Thursday — the single largest one-day dump from 100,000 to 10 million USDT addresses in Tether’s history, according to Santiment. In case there was any doubt on the seriousness of— Santiment (@santimentfeed) #Tetherlosing its $1 peg, key whale addresses have dumped a total of $710M in $USDTtoday. This is the largest one-day dump from 100k to 10M $USDTaddresses in #crypto's largest #stablecoin's history. The panic only worsened as Tether (USDT) — the largest stablecoin by market capitalization — started to lose its peg to the dollar as investors began to redeem the coin for dollars.

Since the 2008 global financial crisis, low interest rates have caused broad market valuations to reach extraordinary levels. Now, according to analysts, the ...

In the past week alone, the company’s shares have lost more than 50 percent of their value. Similar to January 24 of this year and May 20 of last year, its relative strength index (RSI) on the daily chart is exceedingly oversold. BTC has lost a third of its value, or $13,000, over the past eight sessions. On Wednesday, Coinbase shares fell more than a quarter and reached their all-time low. Currently, a relief rally could be short-lived, especially in light of last week’s significant drop below $35,000. Since the 2008 global financial crisis, low interest rates have caused broad market valuations to reach extraordinary levels.

Despite a cryptocurrency market downturn marked by the collapse of Terra's $LUNA and its UST stablecoin, institutional investors are banking on the flagship ...

Bank of America's experts expect an ongoing correlation between Bitcoin and equities to persist in the foreseeable future. As per the on-chain analytics firm Glassnode, when BTC was trading at around $33,800, around 60 percent of BTC investors were earning profits and the rest 40 percent had unrealised losses. According to the reports, these falling prices have led to unrealised losses for at least 40 percent of bitcoin investors.

Analysts expect greater price swings because of macroeconomic risks and ongoing stablecoin woes.