Ethereum’s price has been freefalling in the past few days, losing nearly $200 of value at one point. According to a recent report, the price drop came shortly after the top 100 ETH exchange addresses dumped over 1 million tokens.ETH’s Recent Price Dump Predicted By Sell-Offs?Just until a few days ago, ETH’s price was on a roll. The second-largest cryptocurrency by market cap soared to a 2-year high at about $490. With such an impressive bull run, the community wondered how long it would take...
Read More »Is The Correction Over? Bitcoin Struggles To Maintain The $10,000
Bitcoin has reduced its high volatility as of late and remains above $10,000. The rest of the market shows recovery signs, including Chainlink, which is back in the top 5, and SushiSwap’s triple-digit price surge has returned SUSHI in the top 100.Bitcoin Stays Above $10KAfter a few consecutive days of massive price fluctuations, in which BTC lost $2,000 of its value, the past 24 hours were relatively calm. Bitcoin bounced off $10,000 again but since then pumped to the intraday high of...
Read More »ETH Recovers 15% After Tumbling To Almost $300 (Ethereum Price Analysis)
Ethereum recovered 15% today after dropping almost as low as $300 on Binance.The coin has been on a freefall in September but recently bounced from the .618 Fib Retracement.Against Bitcoin, ETH dropped as low as 0.0311 BTC but managed to close the daily candle above the 0.0329 BTC support (.5 Fib).ETH/USD: Etheruem Bulls Attempting To Stall FreefallKey Support Levels: $324, $300, $280.Key Resistance Levels: $355, $364, $380.Etheruem has been in a freefall since the start of September as it...
Read More »Bitcoin Price Indecisive Above $10,000 As DeFi Coins Bounce on SUSHI News
Bitcoin continues above $10,000, while Ethereum’s free fall has only intensified in the past 24 hours.The DeFi space is also facing major hurdles, but over the past few hours, a lot of DeFi coins have bounced following new developments with SUSHI.Bitcoin Fights To Stay Above $10KAs CryptoPotato reported yesterday, Bitcoin bottomed at about $9,825 (on Binance). The asset managed to recover some ground in the next few hours to approximately $10,200.Bitcoin bounced off the critical support at...
Read More »SUSHI Sell Off Drives the Crypto Market to Abyss: Bitcoin Below $10K
Earlier on Saturday, the lead developer behind the popular Sushiswap protocol sold all of his tokens, causing a massive drop upwards of 50% in the token’s price.Elsewhere, the entire cryptocurrency market is feeling the pressure as the total capitalization is down by more than $11 billion in the last few hours.Sushi Seloff Headstarts a Market CollapseCryptoPotato reported earlier that the lead developer of the popular Uniswap fork, Sushiswap, swapped all of his tokens for ETH. In a trade...
Read More »Bitcoin Crashing $1500 In 48-Hours: $40 Billion Evaporated From The Total Market Cap
It appears that the cryptocurrency market hasn’t stopped plummeting in value. After losing over $20 billion worth of the total market cap in a day, the situation just worsened. Bitcoin further plunged to below $11,000, Ethereum dumped to $400, and the rest of the altcoins follow along.Bitcoin Plummets Below $11KIt’s safe to say that the cryptocurrency market has seen better days as the blood bath that started yesterday has just intensified: Bitcoin was trading at $11,400 after recovering some...
Read More »Blood Bath: Total Market Cap Shrunk $23 Billion As BTC Lost 5% and ETH 15%
Over $20 billion of total market cap have disappeared in the past 24 hours as most cryptocurrencies are retracing heavily.Bitcoin lost $700 following a rejection at $12,000, Ethereum drops by 8%, as of now, following a 15% daily plunge at the peak (as of writing these lines).Polkadot becomes the top 5 cryptocurrency, enjoying Chainlink’s 10% loss.Bitcoin Dives By 5%Less than 36 hours ago, Bitcoin attempted another overtaking maneuver to surpass the coveted $12,000 mark. However, the bears...
Read More »$500 Is Getting Away As ETH Plunged 15% In Hours (Ethereum Price Analysis)
Ethereum dropped from a daily high of $488 to a low of $420, marking a 15% decline.ETH has since recovered a bit and it currently trades at around $445.Against Bitcoin, the cryptocurrency found solid support at a steeply rising trend line and quickly rebounded during today’s price drop.ETH/USD – Ethereum Rolls Over From $475 ResistanceKey Support Levels: $438, $427, $400.Key Resistance Levels: $475, $490, $500.Ethereum bounced from the support at $382 (downside 1.272 Fib Extension) toward the...
Read More »ETH Fees at a New ATH, Binance To The Rescue?
The crypto industry is scrambling to find a solution for the unfeasibly high gas fees that make smaller transactions on the Ethereum network financially unviable. The 2020 DeFi boom and explosion in yield farming platforms have strained the Ethereum network so much that whales and minnows alike are now fighting for block space to get their transactions through.Binance Chain to The Rescue?In a tweet on Tuesday, September 1, Binance CEO Changpeng Zhao hinted at a solution without giving...
Read More »ETH Surges To New 2-Year High as BTC Nears $12,000 (Market Watch)
Bitcoin continues to improve its position slowly and is currently hovering above $11,900. However, double- and even triple-digit price pumps from lower-cap alts continue to decrease BTC’s dominance to a yearly low of beneath 57%.2-Year High For ETH, Sushi Enters Top 100Ethereum doubles-down on its recent price pump with another 10% increase. ETH now trades at $465, which is a 23% surge since bottoming at $380 last week. This is the highest level Ether has marked since the summer of 2018 and...
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