TA: Ethereum Dives 10% As Russia-Ukraine Tension Escalates
Ethereum started a strong decline and traded below $2,500 against the US Dollar. ETH price is diving and remains at a risk of more downsides below $2,200. Ethereum started a major decline after it failed to surpass 2,750. The price is now trading below $2,500 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $2,680 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,500 level. Ethereum Price Extends Decline Ethereum attempted an upside break above the $2,750 level,....
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Ukraine is currently undergoing turbulence and instability due to the Russian invasion. The disagreement between the two countries could be traced back to 2014 in the Revolution of Dignity. This is primarily after Russia annexes Crimea from Ukraine. Furthermore, Russia has fronted another invasion of Ukraine on 24 February 2022. The war between Ukraine and […]
As the Ukraine crisis worsens, Bitcoin and other cryptocurrencies are trading lower. The crypto market went down after the news broke that Russia had expelled USA Deputy Chief of Diplomatic Mission Bart Gorman following an escalation with Ukraine President Petro Poroshenko over fears for his safety.” On February 17th after President Biden reiterated that an invasion by Russia is “very excessive,” many investors took fright. They are afraid of what could potentially happen if this situation isn’t resolved soon enough. Tradingview information reveals that bears are offensive as....
Geopolitical tension over Ukraine has roiled global markets, but digital currencies took a worse beating than most other assets on Tuesday. Bitcoin is currently down by 3% to $37,495. The world’s biggest cryptocurrency today sank as low as $36,370 during morning trade and has not yet pared its losses today – though it did manage […]
Germany’s Deutsche Bank has become the latest financial services giant to confirm it’s leaving Russia over Moscow’s military assault on Ukraine. The bank has been reducing its Russian exposure since 2014 when Russia annexed Crimea and the conflict in Eastern Ukraine erupted. Amid Ongoing War in Ukraine, Deutsche Bank Pulls Out of Russia Deutsche Bank, Germany’s largest banking institution, is scaling down operations in the Russian Federation. The bank announced its move in a statement posted on Twitter late on Friday, condemning Russia’s invasion of....
Memecoins Dogecoin and Shiba Inu have crashed down over 20% following the war breakout between Russia and Ukraine. Dogecoin And Shiba Inu Suffer Big Losses After Russia-Ukraine War Commences War breaking out has historically been massive bearish news for markets, and sure enough, the largest memecoins in the crypto sector have taken a deep plunge […]