Bitcoin traders still favor new $20K lows as Ethereum hits $2K
It is high time for a deeper retracement on the “relief” rally in Bitcoin, say commentators, but upside targets of $28,000 stay on the table.
It is high time for a deeper retracement on the “relief” rally in Bitcoin, say commentators, but upside targets of $28,000 stay on the table.
Axie Infinity (AXS) price has nosedived following a surprise entry by the bears as seen in the daily price chart. AXS hovering above both the 20- and 50-day EMA Axie Infinity price dropped as the bears slammed investors shut after going all-in with the recent uptick. The AXS/BTC pair has nosedived by 1.66% or at 0.0007748 BTC If the bears can maintain this momentum, the bulls’ effort to recover will be put in vain. Now, to agitate and defeat the bears, the token will need to attract more buyers plus the bulls will need to get their heads together to boost AXS. To date, the trading volume has dropped which is making the investors anxious and poses a bit of concern, especially for the bulls. Related Reading: Sandbox (SAND) Price Up 76% Since June Courtesy Of Metaverse Hype Axie Bearish Stride Short-Lived On the brighter side, crypto experts believe that this recent dip will be short-lived so investors should be ready to dive in once the green light is on. Chart from TradingView.com According to CoinMarketCap, AXS token trades at $18.06, or a dip of 4.29% as of this writing. AXS coin trading volume registered a drop of 0.4% or at 14 million. While the loss isn’t much, it still harbors the danger of eventually pulling the price further down. AXS’s market cap is at 0.09577. The bearish perspective of AXS seems to be nearing its exit as the daily price chats showed multiple EMAs or a successful crossover. MACD on the daily chart also exhibited that the buyer’s line is hovering over the signal line of the seller with a very little gap. Now, if the bulls can successfully contradict the bearish movement then immense growth is anticipated. RSI value is currently almost 59. AXS Profitability Surpasses 23% Loss After going with the upward flow of AXS, the price has dangerously plunged as the bears crashed the party. However, GameFi projects like Axie Infinity thrive amid market crashes and volatility compared to other digital assets. AXS is said to have dropped by as much as 90% after it has risen by 40% when it hit a low in June. Axie Infinity had its ATH in November at $160 but since then everything is just looking for the coin. The altcoin marked its all-time high of $160 back in November 2021. However, it has consistently been on a downtrend. But, one good thing with AXS investors is that they can roll with the punches because they were already raking in profit for the longest time. With this month’s 40% improvement on gains, AXS investors noted that only 22.29% have experienced losses which is very minimal compared to the profits which are said to spike way above its ATH. Related Reading: SOL Makes Another Shot At $44, After Two Failed Attempts This Week AXS total market cap at $1.6 billion on the daily chart | Source: TradingView.com Featured image from BSC News, Chart from TradingView.com
Attackers are taking advantage of certain SEO techniques to direct users to phishing sites for wallet apps like Metamask and exchanges such as Coinbase and Kraken. These sites, created in Google Sites and Microsoft Azure, fool users into introducing their personal information, allowing malevolent entities to siphon their funds from these services, according to Netskope. […]
I keep seeing the price of ETC going up and people saying that Ethereum becoming proof-of-stake will benefit Ethereum Classic as all miners are gonna move there. However, this is precisely BAD for the price because it creates tremendous selling pressure. Miners have to pay for electricity in fiat so all they mine they have…
Read more
At the end of this month MT Gox will release 137k Bitcoin. I would assume that ethereum will drop with Bitcoin some. Does anyone know the exact day & are you looking forward to the chance? How much do you think it will drop? submitted by /u/Jerzsey [link] [comments]
submitted by /u/AmerBekic [link] [comments]
submitted by /u/Electrical_Potato_21 [link] [comments]
Apparently, it's Altcoin Season time! Congrats! Although this may be not what you expected an Altseason to be, we are in fact in one right now. There's a pretty clear definition, let's have a look: "If 75% of the Top 50 coins performed better than Bitcoin over the last month/90 days/year, it is Altcoin Month/Season/Year"…
Read more
Union Bank of the Philippines, commonly known as Unionbank, has announced the upcoming launch of another crypto service for its clients. The financial institution will offer select users of its mobile app the option to exchange bitcoin and other digital currencies without a separate wallet. Unionbank to Add In-app Crypto Exchange Feature, Reportedly a First […]
Since July 2022, the Bitcoin ecosystem recovered across numerous determinants, including miners’ revenue in dollars, network difficulty and hash rate.