Category: Cryptocurrency News

I bought some ethereum and all I have is a long code which I assume is my wallet address. How do I use it? 😂 submitted by /u/Much-Imagination-223 [link] [comments]

Bitcoin has lost almost 10% of its value during the past 24 hours, falling below $30,000 for the first time since July 2021. And one analyst worries that the largest cryptocurrency might fall even worse. BTC’s Tuesday decline is more than 55 percent lower than its November 2017 all-time high of $69,000. Year-to-date, Bitcoin prices have decreased by 34%. Year-to-date, Bitcoin prices have decreased by 34%. The world’s most sought-after crypto asset plunged to $29,870.30 around 8 p.m. EST, TradingView data shows. Suggested Reading | Shiba Inu: Biggest Dollar Holding Among Wealthiest Ethereum Whales Bitcoin Drop Correlated To Stocks Traditional financial markets and cryptocurrencies both saw a sell-off as a result of the Federal Reserve’s aggressive monetary tightening and recession fears. The last time the largest cryptocurrency by market value dipped below the $30,000 level was on July 20, 2021, when it reached $29,301 before rebounding. As institutions have joined the Bitcoin and cryptocurrency markets over the past year, their correlation with stock prices has grown. Consequently, Wall Street is having a difficult day as tech stocks continue to experience significant selloffs. The Nasdaq index decreased by 4.3%. BTC total market cap at $594 billion on the daily chart | Source: TradingView.com Analyst Sees BTC Dropping Lower Bitcoin could “perhaps receive a mini-bounce near $35,000, but unless we break the trend line at around $37,000, I’m predicting for $29,000 in the coming weeks or week,” says crypto analyst Wendy O in a new social media video. Numerous cryptocurrency investors have suggested that Bitcoin is the digital era’s version of gold, a potential flight-to-safety investment and inflation hedge. The price behavior of cryptocurrencies, however, implies that the market does not view these extremely volatile assets as reliable value repositories during times of economic instability. Suggested Reading | Bitcoin Carnage Continues As BTC Disintegrates To $34K Crypto Market Feeling The Pinch For Weeks Similarly to the stock market, the cryptocurrency market has been under pressure for weeks as investors cope with sustained growing inflation, the ongoing swirl of economic events deriving increasingly from Russia’s invasion of Ukraine, and stricter U.S. monetary policy by the Fed. “Bitcoin’s long-term fundamentals are intact, but a recovery to record highs will take a very long time. Bitcoin will begin to stabilize when the carnage on Wall Street finishes, and many investors are still in panic-selling mode right now,” Edward Moya, senior market analyst at Oanda, stated. The central bank increased interest rates by 50 basis points last week and pledged to shrink its holdings; instead of purchasing bonds to stimulate the economy, it will dispose of them to combat inflation. The values of cryptocurrencies are quite volatile. Experts say this is something crypto investors will continue to face. Featured image Pexels, chart from TradingView.com

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Ethereum extended losses below the $2,500 level against the US Dollar. ETH even tested the $2,200 support and remains at a risk of more losses. Ethereum remained in a bearish zone and declined below $2,300. The price is now trading below $2,400 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $2,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct higher, but the bears might remain active near $2,400. Ethereum Price Dives 10% Ethereum remained in a bearish zone below the $2,500 pivot level. ETH traded below the $2,400 and $2,350 levels to move further into a bearish zone. The price declined below the $2,300 level and settled below the 100 hourly simple moving average. Finally, ether tested the $2,200 support zone. A low is formed near $2,200 and the price is correcting losses. There was a move above the 23.6% Fib retracement level of the recent drop from the $2,569 swing high to $2,200 low. On the upside, an initial resistance is seen near the $2,350 level. The first major resistance is near the $2,380 level. There is also a major bearish trend line forming with resistance near $2,380 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com The main resistance is now forming near the $2,400 level. It is near the 50% Fib retracement level of the recent drop from the $2,569 swing high to $2,200 low. A close above the $2,400 level could open the doors for a decent increase. In the stated case, ether price might rise towards the $2,550 resistance or the 100 hourly simple moving average. More Losses in ETH? If ethereum fails to recover above the $2,400 resistance, it could continue to move down. An initial support on the downside is near the $2,250 zone. The next major support is near the $2,220 level. The main breakdown support now sits near the $2,200 level. If there is a downside break below $2,200 and the recent low, ether price might accelerate lower. In this case, it could even decline towards the $2,080 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is now moving in the bullish zone. Hourly RSI – The RSI for ETH/USD is correcting losses and is near the 40 level. Major Support Level – $2,200 Major Resistance Level – $2,400

Investors are urgently sending Bitcoin into exchanges in order to either de-risk their portfolio or to protect margin positions with more collateral according to Glassnode’s latest report.

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Hey, I wonder how deep the price of ether can go. Ether is relatively stable and It's still above 2000k. Does anybody know If that was a case during the last bear market. I just hope to buy a lot of coins and If It goes below 1000k I'll be really happy. However, what are…
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TZ APAC, an Asia-based blockchain adoption entity supporting the Tezos ecosystem, today announced a partnership with the National University of Singapore School of Computing (NUS Computing) to set up the Centre for Nurturing Computing Excellence. Led by Associate Professor Tan Sun Teck from NUS Computing, the new Centre will empower students to learn from industry…
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Hello all! Like the title says I’m trying to help my brother win a telegram contest he’s participating in. If you’re interested all you have to do is DM me for the instructions, join the group, vote in the poll and send me a screenshot. I will pay $5 per vote. I can pay in…
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