Price analysis 5/4: BTC, ETH, BNB, SOL, XRP, LUNA, ADA, DOGE, AVAX, DOT
Bitcoin and most altcoins could remain volatile in the short-term due to the Fed’s decision, warranting caution from traders. Investors across the world are waiting for the outcome of the Federal Open Market Committee meeting on May 4. Although markets expect a 50 basis point rate hike and an announcement by the Fed to start shrinking its balance sheet from June, it is difficult to predict how the markets will react to this trigger.Billionaire investor Paul Tudor Jones, in an interview with CNBC, said that the United States was entering “uncharted territory” as rates were being raised when....
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AVAX, and LUNA were some of the biggest gainers in crypto markets on Wednesday, as the recent bearish sentiment has momentarily faded. As of writing, the global crypto market cap was 4.51% higher than at the same point yesterday. Terra (LUNA) AVAX is currently trading over 12% higher in today’s session, climbing to its highest level since Sunday in the process. Despite these double-digit gains, it was another cryptocurrency that took the title of being today’s biggest gainer. This was terra (LUNA), which is up by over 20% as of writing, and comes following a three-day winning....
Following tweets from Terra founder Do Kwon, LUNA surged by over 1,500% on Saturday. However, with several exchanges halting deposits, only those who entered at the very bottom have seen these gains. This comes as AVAX and NEAR both fell by over 20%. Avalanche (AVAX) Although LUNA was undoubtedly today’s biggest gainer, recent volatility and price action makes it almost impossible to truly analyze. However, another relative big mover in today’s session was AVAX, which fell by as much as 20%. AVAX/USD slipped to an intraday low of $29.55, which as of writing, is 20.83% lower....
The price of Avalanche (AVAX) slips at $30 against Tether (USDT) as Avalanche (AVAX) eyes key support to hold the price from selling off. AVAX showed great strength rallying to a high of $30 but was rejected as Bitcoin’s (BTC) price continued to go lower, affecting the price of AVAX from trending higher. (Data from Binance) Related Reading: Why Bitcoin Is Oversold As BTC Reclaims Territory North Of $20,000 Avalanche (AVAX) Price Analysis On The Weekly Chart According to the chart, the price of AVAX had a strong bullish bias at $30, but the price was rejected from that region,....
The collateral damage of Terra’s collapse could continue to impact Avalanche price, especially considering that the Luna Foundation Guard holds 1.97 million AVAX tokens. Avalanche (AVAX) has emerged as one of the worst-performing cryptocurrencies among the top-ranking tokens in the last 24 hours, partially due to fears connected to Terra (LUNA) and its a near-dead UST algorithmic stablecoin project.Avalanche price dips amid Terra's tax evasion FUDAVAX's price plunged by nearly 14% between May 18, where it traded near $35 to May 19 when the price dipped to $28.50. The dip coincided with a....
Luna Foundation Guard is emptying its crypto reserves to bring its stablecoin back to its $1-peg, risking a massive AVAX selloff. Avalanche (AVAX) is paying the price for being one of the collateral assets that maintain Terra's native stablecoin TerraUSD's (UST) peg with the U.S. dollar.Major AVAX dump ahead?AVAX's price dropped about 30% to reach $32.50 on May 11, its lowest level since September 2021. Its massive intraday decline coincided with UST dropping to as low as 23 cents, which effectively dented its stablecoin status among traders and investors alike.The de-peg incident....