Cryptocurrency Analysis and News Portal
The US consumer price index, a comprehensive indicator of prices for goods and services used in daily life, increased to 9.1% over the previous year. The traditional and cryptocurrency markets have collapsed as a result of this announcement. Prices for the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), fell
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Bitcoin’s price fell well below $19,783, the previous all-time high it notched in December 2017. Original Source
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MarketWrap Tuesday, June 14th Original Source
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Ether and other major altcoins underperform BTC as investors continue to steer away from riskier assets; is there a case for inflation? Original Source
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As the crypto market has taken a turn for the worse, institutional investors are phasing out their investments in Ethereum. The digital asset had been the victim of multiple outflows that had tanked its total AuM (Assets under management) and this trend has continued this week. Instead of moving to
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Ethereum has been on a downward trend with the rest of the market. Most notable though had been the movement of the digital asset in the last 24 hours. Ethereum which had been holding up above the $2,000 level had finally succumbed to pressure from bears. This saw it lose
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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
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Crypto majors dropped in European morning hours on Monday amid a slump in broader global markets. Original Source
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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
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Over $400 million in the crypto market was liquidated in the past 24 hours.Over $121 million bitcoin and $63 million ethereum was liquidated.The positions could have been lost because of the impact of the EU proposal on unhosted wallets, which was recently passed. The crypto market has seen a quick and
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