The crypto market has turned red even after the latest FOMC meeting. Bitcoin inches towards the $35,511 mark, and altcoins are getting a beating too. Bitcoin responded to the Federal Reserve’s 50 basis-point interest rate hike by dropping more than 10% in one day, its most significant decline in two months. Related Reading | Cardano…
Ethereum started a major decline from the $2,970 zone against the US Dollar. ETH dived below $2,800 and might accelerate lower below the $2,700 support. Ethereum started a major decline after it failed to surpass $2,970. The price is now trading below $2,800 and the 100 hourly simple moving average. There was a break below…
Ethereum exchange inflows had been on the high side for the better part of the past week. They averaged above $1 billion each day giving credence to the sell-off trend that has been experienced in the market. However, it seems there is a turn in the tide coming. As the weekend draws to a close,…
Ethereum started a decent increase above the $2,920 resistance against the US Dollar. ETH must clear $2,980 and $3,000 to continue higher in the near term. Ethereum started a steady recovery wave above the $2,900 resistance. The price is now trading above $2,900 and the 100 hourly simple moving average. There is a major bullish…
Following the failure of the crypto market to return to its former glory, institutional investors are fleeing in droves. The market has seen a large outflow of institutional cash in recent weeks, according to multiple sources. Coinshares made the figure surrounding the conversation available a few days ago in a recent update. Investors Leave Market…
The NFT market is thriving, actually. Once again, the Wall Street Journal makes a fool of itself by tackling subjects beyond the publication’s comprehension. The author declares “the NFT market is collapsing,” citing suspicious numbers and two cases of bad trades as proof. And then, to top it all off poses a terrible theory. The…
Ethereum broke the $2,820 support to enter a bearish zone against the US Dollar. ETH remains at a risk of more downsides below the $2,740 level. Ethereum started a fresh decline after it failed to clear the $2,880 zone. The price is now trading below $2,820 and the 100 hourly simple moving average. There was…
On Saturday, April 30th, Bored Ape’s creators Yuga Labs broke Ethereum. Their new metaverse-inspired project, Otherside sold plots of virtual land to a roaring crowd of people yelling “Shut up and take my money!” In this case, the currency in question was the recently created ApeCoin. However, since Ethereum hosts ApeCoin and the land NFTs,…
Ethereum started a recovery wave above the $2,820 level against the US Dollar. ETH must clear the $2,920 resistance to start a steady upward move. Ethereum started a short-term upside correction above the $2,780 and $2,800 levels. The price is now trading above $2,820 and the 100 hourly simple moving average. There is a key…
Ethereum started a recovery wave above the $2,800 level against the US Dollar. must clear the $2,850 resistance to continue higher in the near term. Ethereum started a decent recovery wave above the $2,780 and $2,800 levels. The price is consolidating above $2,820 and the 100 hourly simple moving average. There was a break above…