Ethereum, altcoins risk more downside than Bitcoin if BTC losses $30K, warns ...
According to an independent market analyst, altcoin holders face the risk of facing twice more losses if the Bitcoin price corrects by another 30%. Altcoin traders and investors should look for cover if Bitcoin (BTC) undergoes major price declines.So believes Filbfilb, an independent market analyst and co-founder of Decentrader trading suite. In a tweet published late Friday, the pseudonymous entity said a 30% crash in the Bitcoin market could prompt altcoins to drop twice as harder.When Bitcoin consolidated between $50,000 and $60,000 in the March-May period, altcoins exploded. Similarly,....
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Bitcoin and the crypto market continued to move sideways over the past week after recording important losses during the weekend. Despite the short-term bearish price action, there seems to be more appetite for risk in the sector as market participants allocate more capital to altcoins. Related Reading: Bitcoin Realized Losses Going Down, But Still At Significant Value At the time of writing, Bitcoin (BTC) trades at $21,500 with a 2% profit over the past 24 hours and an 11% profit over the past 7 days. The Bitcoin Dominance (BTC.D), an indicator used to measure the percentage of the crypto....
Ethereum started a sharp downside correction below $2,400 and $2,300 against the US Dollar. ETH price is correcting losses, but it is likely to face sellers near $2,300. Ethereum declined heavily from well above $2,400 and tested the $2,000 zone. The price is now trading well below $2,300 and the 100 hourly simple moving average. […]
Bitcoin has been stable in the time following its $13,800 rejection, with bulls gaining some momentum as the cryptocurrency flashes continued signs of strength Although it is not showing any overt signs of weakness at the moment, altcoins have been capitulating throughout the past few days and weeks, with many posting immense losses Analysts are now noting that altcoins may be in the process of forming mid-term bottoms One trader is noting that downside on […]
Altcoins like Algorand and Solana have recorded some of the highest losses following the market crash. This has been apparent in the performances of these digital assets in the past week. While the market at large had experienced dips, Algorand, Solana, and Hedera had led the pack for the worst performing coins for last week. Altcoins Suffer Massive Losses The crash which started with the top coin, Bitcoin, had inadvertently spilled over onto altcoins. Most had suffered greatly with the highest losses being recorded across digital assets such as Algorand and Solana. These cryptocurrencies....
Ethereum price weakened this past week versus the US dollar, and currently waiting for ETH/USD buyers to step in for a recovery. Key Highlights. Ethereum price traded lower against the US Dollar this past week, but remained above a major support. There is a crucial bullish trend line formed on the 4-hours chart of ETH/USD (data feed via SimpleFX), which is acting as a support area. As long as the price is above the trend line support, there is a chance of an upside move. Ethereum Price Correction. Ethereum price ETH was seen struggling throughout this past week against the US Dollar and....