Ethereum

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.

Among the biggest gas users on Ethereum chains are platforms like 1inch, Uniswap and Tether token contracts. The spike in consumption reflects the current ...

Following the drop in UST, the market saw massive outflows of funds from the whole DeFi industry. But DeFi is not the only industry that reported a massive drop in netflow, as cryptocurrencies like Bitcoin are also at double-digit losses over the last few days. In the matter of a week, the total TVL across various chains tumbled from $204 billion to $115 billion.

Major cryptocurrencies are seeing huge dips in price due to major uncertainty regarding the global economy. Inflation is at high due to rising inflation and ...

There are fears of a major recession which has been impacting the stock market. That's down from about $60 earlier this week and a record $120 in mid-April. This has also reflected with other currencies. Major cryptocurrencies are seeing huge dips in price due to major uncertainty regarding the global economy.

The price of Ethereum, the second-largest digital coin, has plummeted during a major crash of the cryptocurrency market - hitting as low as £1425.60 after ...

However, this has proven not to be the case. The company has said that trading is likely to keep going down in the second quarter It has gained prominence as a popular method to pay for NFTs (Non Fungible Tokens) but is it a sign of a stock market crash to come? And why is it plunging in value According to Coinbase's official website, the company has more than 98 million verified users. Digital investors lose fortunes as Ethereum sheds 20% of its value in 24 hours, Luna drops NINETY-EIGHT per cent and Coinbase warns customers may lose ALL their money Why is it popular? Each time a puzzle is solved, a new groups of transactions - known as blocks - are added to the blockchain (the shared transaction record). A third individual to have made money from the world of crypto is Gary Wang, who is the co-founder of FTX. Each time a puzzle is solved, a new groups of transactions - known as blocks - are added to the blockchain (the shared transaction record). 'Each page is similar to a block, and the entire book, a group of pages, is a blockchain.'

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.

In this Motley Fool Live segment from "The Crypto Show," recorded on April 20, Fool.com contributor Travis Hoium talks about the advantages Ethereum has over ...

And you know Ethereum had such a big lead 9 months, 12 months ago that it seemed unfathomable that anybody -- let's just take NFTs as a good example, because that's where a lot of the development is happening. Travis Hoium: The fact that Ethereum has limits on how it can scale today, and that's going to be a challenge and basically allow competitors, competing blockchains, to more fully develop. The limits that Ethereum ( ETH -10.48%) has on how it can scale today could be a serious challenge that allows competing blockchains to more fully develop in its place.

Bitcoin price dropped below USD 27000 before recovering. Ethereum declined 18%, XRP dived to USD 0.35. LUNA traded below USD 0.04.

XRP price fell sharply below the USD 0.40 level. DOGE spiked below the USD 0.072 support zone, tested USD 0.070, and recovered higher. The next major support is near the USD 25,000 level, below which the price could extend losses to USD 22,000. If there is no upside break above USD 2,000, the price might decline to USD 1,700. The next major resistance is now forming near USD 2,050. On the downside, the first major support is near USD 25,500. It traded close to the USD 38 level before there was a recovery wave. If BTC manages to stay above the USD 28,500 level, the next key resistance is now forming near the USD 30,000 level. On the upside, ETH may perhaps face resistance near the USD 2,000 level. XRP declined 24% and tested USD 0.350. ADA tested USD 0.40 before the bulls emerged. BTC even broke the USD 27,500 support and spiked below USD 27,000. ETH declined below USD 2,000 and tested USD 1,774.

ETH options pricing and the top traders' long-to-short ratio signal a lack of confidence in the $1700 support.

The skew indicator has been above 10% since April 23 and it skyrocketed to a 29% peak on May 12. OKX's top traders' ratio decreased from 1.25 to the current 0.85 level. If those traders fear an Ether price crash, the skew indicator will move above 10%. On the other hand, generalized excitement reflects a negative 10% skew. On May 11, USD Tether ( USDT), the largest stablecoin by market capitalization, broke below its peg, and traded under $0.99 on major exchanges. On May 11, Kukmin, a South Korea-based newspaper, reported a leaked draft of the upcoming governmental "Digital Asset Basic Act (DABA)" bill. Additional newsflow that added to the current market wide volatility were the bankruptcy fears that emerged after Coinbase, the largest U.S. exchange reported a $430 million first-quarter 2022 loss.

In yesterday's article on Bitcoin (CRYPTO: BTC), I highlighted a support level where the price is trading around that has the potential to end its decline ...

We can get an idea through our analysis of what price may do next, but it tends to be an uncontrollable animal when in consolidation. So far this month, this level is holding firm with a bounce of 13%, while Bitcoin is trading below this level. Like Bitcoin, the price is at a major support level formed in June 2021, which is the base of this consolidation area. Like Bitcoin, this new all-time high was short-lived, and the bears came in strong, pushing the price back into consolidation. It displays an almost identical picture to Bitcoin, also printing a new all-time high in November 2021 at $5,000. I tend to look at these levels as zonal areas instead of hard levels.