Author: dfmines

ETH bulls will need to keep searching for positive news, especially as bears apply extra pressure ahead of Friday’s $1.1 billion monthly options expiry.

Ethereum crumbled with the market during the last crash and is yet to recover to previous levels. The crash was characterized by sell-offs and liquidations from all angles, which continued even when the price dumped further. Fear of a bear market sparked this as investors wanted to get out before the price fell further. But not everyone followed this trend of dumping. Whales have always been known to move differently from smaller investors when it comes to the crypto market and this time was no different. While investors panic sold their holdings at low prices, these whales quietly gobbled up the ETH being dumped on the market, increasing their dominance in the market once again. Whales Fill Up On ETH In the last few weeks, whales have taken advantage of the declining market values to buy cryptocurrencies at what can be essentially said to be a discount. The price of Ethereum had dumped as low as $2,100 following the crash, leaving even more room for the whales to increase their holdings. Smaller investors had followed suit but only after whales had bought hundreds of millions of dollars worth of ETH. Related Reading | Bitcoin Whales Take Advantage Of Market Crash To Gobble Up Millions In BTC During this time, the number of addresses holding more than 10,000 ETH on their balances had also increased significantly. These whales had altogether purchased more than $500 million in ETH in only a couple of weeks. ETH recovers to $2,400 post-crash | Source: ETHUSD on TradingView.com This renewed support from whales and smaller investors had worked to slow down the decline of the digital asset. But proved to be not enough to spark a rebound back up to previous values. Despite growing support from these large investors, the market has remained in extreme fear, pointing to intense wariness from investors. This has caused them to hold back from putting any more money in the market. Ethereum Struggles To Stay Afloat Since the crash towards the low $2,100, Ethereum has had a hard time recovering in the market. While a bounce-back that was triggered by pioneer cryptocurrency bitcoin saw it recover above $2,400, it has not recorded much in the way of upward momentum since then. Related Reading | Which Cryptocurrencies Suffered The Worse Collapse Since All-Time Highs? Indicators point to the week playing out with continued low momentum for the second-largest cryptocurrency by market cap. It had previously tested the $2,700 point on Wednesday but had promptly taken a beating down that brought it back to $2,400. ETH is trading below its 5-day, 20-day, 100-day, and 200-day moving averages for the first time in a year. Market sentiments remain bearish with more downtrend expected to come as support from whales taper off. As of the time of writing, the digital asset is trading at $2,461, down 2.97% in the last 24 hours. Trading volume is up significantly over the same time period but is yet to translate into a higher value for the asset. Featured image from Nairametrics, chart from TradingView.com

The recent "crash" and fear and greed index at an all time high has had me pretty quiet about crypto around the house lately. Every once in awhile the old hubster will mention something about "bitcoin tanking" and I manage to mutter a "yeah it's bad" and change the subject to college football or basketball.…
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submitted by /u/BakedPotato840 [link] [comments]

​ So these CBDC's will be really bad news. ​ I went through the last proposal so you didn't have to. TLDR: In short, they want unilateral power over money and to maintain control of global economies. They also fear Russia China and others are using crypto to skirt sanctions. They want complete control to…
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submitted by /u/jeveuxalle [link] [comments]

“This has been a huge disappointment. I’ve tried 20 times minimum to swap ADA for Sundae and nothing has gone through,” says a disgruntled SundaeSwap user.

submitted by /u/cosmicgoku [link] [comments]

PRESS RELEASE. INTERNET CITY, DUBAI, Jan. 27, 2022 – LBank Exchange, a global digital asset trading platform, will list Shibnobi (SHINJA) on January 30, 2022. For all users of LBank Exchange, the SHINJA/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on January 30, 2022. DeFi has caught widespread attention across the […]

NFTs are known for their transferability and commercial viability, but there are also downsides to those features, according to Buterin.