Bitcoin And Ethereum Market Structure Points To Crypto Winter – Details
The crypto market has shown a modest price rebound in the last three weeks, returning to a total market cap of $3.07 trillion. During this time, Bitcoin has climbed by 11% from its local bottom at $80,700, while Ethereum has been more aggressive, gaining by 18% within the same period. Despite these reassuring performances, a market analyst with the username PelinayPA postulates that the bear market has commenced, considering certain technical parameters. Related Reading: Bitcoin Bullish Structure Weakens As Inter-Exchange Liquidity Touches Red Zone – Details BTC & ETH Moving Averages,....
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In a significant development for one of crypto’s largest non-profits, the Ethereum Foundation (EF) has revealed a new leadership structure consisting of two co-directors. This move comes after backlash from community members on the recent struggles and issues of the ETH ecosystem. EF Introduces Two Executive Directors On Saturday, March 1, the Ethereum Foundation unveiled […]
Solana has been gradually creeping up behind Ethereum even before the crypto winter began. The network had grown in popularity among non-fungible token (NFT) and decentralized finance (DeFi) users who had been fleeing Ethereum due to the high cost of transacting on the network. Nevertheless, Ethereum had managed to maintain its lead ahead of Solana. […]
The Swiss crypto ETP issuer wants to make it easier for investors to get exposure to Bitcoin amid extreme fear on the market. 21Shares, a global issuer of crypto exchange-traded products (ETP), is taking action to respond to the current bear market by launching crypto winter-focused investment tools.The company has rolled out the 21Shares Bitcoin Core ETP (CBTC), an ETP specifically designed to offer low-cost exposure to Bitcoin (BTC) am to the ongoing market sell-off.The physically-backed Bitcoin ETP started trading on the SIX Swiss Exchange on June 29, with a total expense ratio of 21....
A crypto winter has come. With BitCoin (BTC) falling over 70% from its all time high along with Ethereum, and a steady drumbeat of news involving crypto-related funds, companies, and projects collapsing, it is clear that the last round of cryptomania has come to a close. Even juggernauts of GameFi such as Axie Infinity (and its AXS coin) have seen prices tumble; without an endless flow of new money, only those with sustainable business models will survive. Against the Current: Karmaverse Zombie In this kind of bear market, GameFi faces unprecedented headwinds and negative sentiment,....
Ethereum has plummeted more than 5% in the past 24 hours to touch a low of 0.00187BTC. Currently sustaining at 0.00192BTC, Ethereum does not provide a low-risk trading opportunity to the market participants. But yes, those who would have followed our short advice in the previous Ethereum price technical analysis A Decisive Breakdown would have profited. At the current level, I am compelled to put forth points which solidify my opinion that the ETH-XBT pair is in a “no-trade” zone. I will be drawing these points from the 4-h ETH-XBT price chart taken from KRAKEN exchange. Chart Structure –....