ETH Financial News

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Despite the recent selling spree, Ethereum bulls have held on to the $3,100 support whilst the king alt showed gradual improvements on its 4-hour RSI. Similarly, Cosmos buyers showed up in the $25-$26 range to stall its ongoing sell-off.

Bitcoin price failed to clear the USD 43,500 resistance zone and dropped below the USD 42,000 level before recovering. It is currently (04:18 UTC) showing bearish signs near USD 42,170 and remains at a risk of a move towards USD 40,500. BTC is now down almost 2% in a day.

Over the last five days, Ethereum (ETH) fell toward its long-term Point of Control (POC) and found support near its 200 EMA in the $3,100 zone.

crypto market, never has it been more important to distinguish between methodologies of buying into this sector. On the one hand, you have traders, on the other you have investors. While many assume the two are interchangeable, there are key differences in each player’s goal. Traders hold assets until they reach short-term success while investing is based on the buy-and-hold principle. Investors invest their money for some years, decades, or even longer. In the Bitcoin (BTC) market — HODL has become a mantra! HODL, an acronym for ‘hold on for dear life’, is the core philosophy that most BTC maximalists live by. To a hodler, (i.e, an investor) short term-price fluctuations are insignificant, while traders have defined levels of risk. To a trader, the ideal advice would be — if you’re losing money then end the trade at your defined stop-loss range, while for an investor the ideal advice would be to buy every dip and HODL. Choosing the right cryptos for long-time investment The last thing you should do when it comes to all things money is to go in blind and unprepared. Do the work, research, read everything you can about the sector, the coins, the projects, the tech. Don’t believe everything you read on social media; we’ve all heard of someone who invested in a cryptocurrency and benefitted a large return on investment.

It seems the crypto industry has learned its lesson about backing stablecoins with fiat – or with rumors of fiat. At least, Terra has understood the assignment and is far from going down the same route, as its non-profit organization buys Bitcoin in order to back the TerraUSD [UST] stablecoin.

Bitcoin price is trading in a range above the USD 43,000 level. BTC is currently (11:55 UTC) moving below USD 43,500 while a move above USD 44,000 is a must for a decent increase. BTC is now down almost 1% in a day.

Bitcoin price formed a base above the USD 43,000 level and moved above USD 43,500. It is currently (04:05 UTC) trading in a range near USD 43,600, with a key breakout zone near the USD 44,000 level.

Sky Mavis has announced to reimburse all the victims in the $600 million that took place on 23 March. Binance confirmed it is leading the initial $150 million funding round with Animoca Brands, a16z, Dialectic, Paradigm and Accel also participating.

Ethereum price has breached above the symmetrical triangle and is comfortably hovering above a stable support area with no signs of weakness. Despite the recent flash crash, the downside risk for ETH also seems to be capped due to a plethora of footholds. So, investors should not give up the smart contract token hitting significant psychological levels.

Bitcoin price spiked below the USD 43,000 level before recovering. BTC is currently (11:46 UTC) consolidating near USD 48,000 level. If there is an upside correction, the price could face resistance near USD 44,000.

Bitcoin price remained in a bearish zone and declined below the USD 43,500 support. It is currently (04:07 UTC) down over 4% and is trading near USD 43,300.

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Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Bitcoin price spiked below USD 45,000 and is currently (11:30 UTC) consolidating losses near USD 44,900. A close below USD 45,000 might start another decline in the near term. The price is now down almost 4% in a day.

A Bored Yacht Club (BAYC) non-fungible token (NFT) owner was scammed for at least $570,000 after the victim was tricked into exchanging their NFTs for worthless PNGs.

Bitcoin price struggled to stay above the USD 47,000 pivot level. BTC started a fresh decline and traded below the USD 46,000 support. It is currently (04:07 UTC) down over 3% and is trading near USD 45,200.

Asset correlations can put a lot of investors on edge, and sometimes, rightly so. For several months, analysts were probing and critiquing Bitcoin for its correlation to more traditional non-crypto stocks, worrying this might affect its status as an inflation hedge. That being said, new data from Santiment suggests that the crypto asset to watch might actually be the top altcoin instead.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Bitcoin price recovered losses and climbed above the USD 46,000 level. BTC even surpassed the USD 46,500 resistance zone. It is currently (11:48 UTC) trading in a range near USD 46,700 and might test USD 47,000. The price is now up over 1% in a day