Category: Cryptocurrency News

Pro traders were forced to cut their losses after margin and futures markets became over-leveraged, creating a potential entry point for bullish buyers.

What would be the top pros and cons of Ethereum? Why do you believe in it's potential? submitted by /u/BuddyJew [link] [comments]

submitted by /u/carmar2020 [link] [comments]

“Ultimately, we’ve learned that our password encryption feature’s security was partially undermined by browser behavior,” said the team at MetaMask.

Data from Coingecko, at the time of writing, records a slight recovery for Ethereum and large cryptocurrencies. The second crypto by market cap has been trending to the downside over the past weeks and was seeing briefly breaking below $1,000 on certain venues. Related Reading | TA: Ethereum Could Resume Decline Below $1,100, Bears In Control At the time of writing, Ethereum (ETH) trades at $1,180 with a 35% loss in the past 7-days. According to economist Alex Krüger, ETH’s price records a 20% loss and 20% profit during today’s trading session which could be a first in the cryptocurrency’s history. $ETH has put in a 20% intraday round tripper today. 20% down, then 20% up. Not sure if this has ever happened before. — Alex Krüger (@krugermacro) June 15, 2022 Similar to Bitcoin, Ethereum is reacting to the downside of the macroeconomic situation. As the U.S. Federal Reserve (FED) announced a 75 basis points increase in interest rates, preceded by a cascade of liquidations and negative news for the crypto market, BTC and ETH were able to regain some bullish momentum. Potentially driven by overextended selling pressure, and panic amongst crypto investors, ETH’s price bounced back from around $1,000 to its current levels. Krüger believes the current price action is part of a well-established market pattern: (…) since December. Hawkish market expectations = > prices tank in anticipation = > hawkish FOMC = > assets rally. Partially priced in something. Not a meme. This has been so consistent it’s developed into a pattern. It won’t last forever. The market could see more volatility in the coming days. Krüger believes the market could continue to positively react to the FED’s announcement as it was within expectations. Thus, the bounce could see some continuation. He added: Market liked hawkish Powell. Short rates higher (in response to increased hawkishness), long rates lower (in response to increased credibility in the Fed’s ability to reign in inflation). Hoping this sticks and we get continuation. Ethereum Sees Short-Term Buying Pressure Data from Material Indicators (MI) records an increase in buying pressure for ETH on crypto exchange Binance. In lower timeframes, almost all invertors classes shifted from selling to buying the current price action. Related Reading | Tron Falls Sharply As Sun Scrambles To Save Stablecoin This could contribute to ETH’s current momentum and possibly push the cryptocurrency to previous levels. However, ETH whales (in brown on the chart below) sold into today’s price action and could get in the way of any sustainable recovery.

“Keeping total digital euro holdings between one trillion and one and a half trillion euro would avoid negative effects for the financial system,” said Fabio Panetta.

Tron price momentum faded over the weekend, and the price has dropped by more than 40% since then. The cryptocurrency is presently having difficulty gaining traction. Tron Falls AS USDD  Depegs TRX has dropped 19% and is now trading at $0.05, its lowest level in 15 months. In the last 24 hours, the token has also been the worst performer among the top 50 cryptocurrencies. The token’s weakness follows the loss of the USDD algorithmic stablecoin’s dollar peg, despite founder Justin Sun’s repeated efforts to keep the peg. In the last 24 hours, the token’s entire market valuation has dropped by nearly 1% to $701.4 million. The token has garnered comparisons to Terra’s UST stablecoin, which vanished in May due to its algorithmic nature. USDD/USDT breaks dollar peg. Source: TradingView Fear began as soon as the USDD’s 1:1 peg to the dollar was lost. TRX hasn’t been able to reverse the downward trend since then, plummeting by more than 40% in less than a week. TRX may face tremendous sell pressure to close the gap as long as USDD is below one dollar. TRX has found support at the $0.05 level, from which it has bounced higher. TRX’s resistance is at $0.057, and given the current fundamentals, it doesn’t appear likely that the trend will shift. Related reading | TRON Has a Record-Setting Month Justin Sun Scrambles To Save USDD However, Tron, like Terra, is putting billions of dollars behind the coin. Because USDD is not as large as UST, which was worth roughly $20 billion at its peak, crypto specialists think that it will not suffer the same fate. USDD had recently been changed by Tron’s Sun to strengthen collateralization and make it less vulnerable to a crash like Terra. This week, Tron spent over $700 million on the open market to sustain the USDD peg. Justin Sun also stated that a $2.5 billion fund would be set up to help TRX. Tron has purchased TRX on multiple occasions to support the token, most notably withdrawing $948 million ($47 million) from Binance. The Tron DAO has made a number of withdrawals from Binance and has also used its USDC assets to purchase more tokens. Tron has also announced a mining pool with Curve Finance and Convex Finance, which is intended to attract yield-hungry traders with an estimated APR of 96.25%. Despite Justin Suns’ assertions that the USDD is unduly collateralized, the market does not appear to agree. The trend for TRX is likely to be negative as long as this continues, and the next significant support is identified at $0.040. Related reading | Why TRON Has Seen a 45% Hike in Total Value Locked (TVL) Featured image from Pixabay, chart from TradingView.com

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

The 20-Day moving average strategy provided good returns in 2018 and 2019, while the 50-Day MA strategy did better in 2021 and 2022.

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