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In the previous 24 hours, negative momentum has dominated the Ethereum (ETH) market, with the price sliding from a 24-hour high of $1,916.57 to an intraday low of $1,860.37.  As of press time, the ETH price was still falling, valued at $1,867.77, a 2.48% drop from its previous closing. During the bear reign, ETH’s market capitalization declined by 2.46% to $224,578,660,438, while its 24-hour trading volume increased by 31.79% to $6,326,071,731. This spike in volume shows that investors are seeking to make the most of the present market circumstances and cash in on the recent decline of ETH. ETH/USD 24-hour price chart (source: CoinMarketCap) The Bollinger bands on the ETHUSD 2-hour price chart are broadening, showing the heightened volatility in the market. As the price of Ethereum fluctuates, this might suggest a possible breakout in either direction. The top band and lower one contact at $1925.50 and $1865.46, respectively, demonstrate this motion. However, th

Dr. Saifedean Ammous thinks El Salvador will be debt free if it accumulates Bitcoin for the next five years. Dr. Saifedean Ammous, the author of the explanatory book about Bitcoin (BTC), The Bitcoin Standard , has been appointed the Economic Advisor to the National Bitcoin Office of El Salvador. On May 30, the Office announced that the Austrian economist had joined the team as its advisor for matters related to various economic policies. Dr. Ammous’ now famous book, The Bitcoin Standard, was first published in April 2018 and analyzes the transition between solid stores of value to inflated assets and fiat currencies. It also traces the history of money and aims to show how civilizations have changed with their monetary systems. Regarding the new position, he tweeted on May 30 that he was “excited” to work in the Office in “the first country to adopt a Bitcoin standard!” When the author of the Bitcoin Standard met the leader of Bitcoin Country, great things were bound to happen. W

Join Our Telegram channel to stay up to date on breaking news coverage The cryptocurrency world brims with opportunities to escalate your trading potential, and standing at the helm is Crypto Signals with its unique offering: Copy Trading on Bybit.  This transformative feature empowers traders to mirror the strategies of an exceptional trader, boasting a staggering 400% ROI.  For a limited time only, Crypto Signals extends a complimentary lifetime VIP membership to anyone who joins Bybit and deposits $250 using the following Bybit Partner Link: https://partner.bybit.com/b/cryptosignalstrading .  Don’t let this extraordinary opportunity to bolster your trading prowess and reach new heights of success slip away. A renowned entity in the crypto space, Crypto Signals is lauded for delivering timely and precise trading signals that empowers its members to make informed decisions in the rapid-fire cryptocurrency market.  Its team of experienced analysts conduct thorough market Analysi

The Terra blockchain was once highly regarded in the crypto space, offering algorithmic stablecoins, a strong DeFi ecosystem, and the Anchor Protocol for yield generation. However, in early 2022, the Terra blockchain collapsed, resulting in two separate entities: Terra Classic and the current Terra 2.0 blockchain. The current blockchain, now known as LUNA, has not achieved significant success but has mirrored the overall market movements. However, despite the recent global financial crisis, the broader crypto market has remained resilient, having gained 2.04% in the last day, and LUNA is currently benefiting from the bullish wave. Amid the asset’s bullish sentiment and recent collaborations, analysts consider Terra an exceptionally intriguing digital currency that could hit the $100 mark from its current price of $0.87 soon. However, investors searching for an alternative investment option can consider exploring Wall Street Token ($WSM), a promising project in its early stages tha

The cryptocurrency sector constantly changes, with projects striving to compete in this cutthroat market. Recently, the spectacular rise of Bitcoin above $27,000 and the continuous rise of the Render Token (RNDR) have captured the interest of numerous investors. However, one project currently in its presale stage has managed to take the crypto spotlight away from them as it increased by 20% quickly. That project is Tradecurve (TCRV) with potential to become a blue-chip token in the future; let’s find out why. BUY TCRV TOKENS NOW Bitcoin (BTC) breaks through the $27K level In the last 14 days, the PR ice of Bitcoin has remained fluctuating between $26,000 and $27,000, indicating a decline in volatility over that time. Over the PR evious day, Bitcoin saw a rise to $27,400, which is a significant increase. Nevertheless, investors worry about ongoing crypto regulatory difficulties that have reduced market liquidity and macroeconomic uncertainty, such as the most recent deadl

The price of Polygon (MATIC) continued its positive weekly streak over the past 24 hours according to CoinMarketCap. At press time, the Layer-2 crypto was trading at $0.9204 following a 3.36% gain in the last day. This positive performance added to the altcoin’s already-positive weekly performance, which stood at +6.12% as a result. MATIC also outperformed the two crypto market leaders Bitcoin (BTC) and Ethereum (ETH) in the last 24 hours. As a result, the altcoin was up 1.92% against BTC and 1.90% against ETH. The altcoin had retraced somewhat from its daily high of $0.9514, however. Meanwhile, its 24-hour low was sitting at $0.8935. 4-hour chart for MATIC/USD (Source: TradingView) MATIC’s price was at a decisive point at press time, as it was resting on a positive trend line on its 4-hour chart. A break below this trend line could see the altcoin’s price dropping to the next key support level at $0.89672.  On the other hand, MATIC’s price remaining above the trend

In a recent YouTube video, the trading channel More Crypto Online highlighted the ongoing sluggishness on Dogecoin’s (DOGE) charts. In addition to this, the meme coin has seen a notable decrease in on-chain activity, prompting concerns among investors. According to their latest Analysis , the meme coin is at risk of dropping swiftly in the coming weeks. Their Analysis suggested that Dogecoin was following a downward trend on its 8-hour chart, potentially forming an ending diagonal pattern. The video also pointed out that the November high marked the beginning of DOGE’s price correction, which was shortly followed by a second move up. However, the absence of a clear third wave in the current Elliott Wave structure indicated the likelihood of a fourth and fifth wave — suggesting that there could be further price drops in the near future. While acknowledging the complexity of the structure, the More Crypto Online team pointed out that the current wave count seemed to a

Join Our Telegram channel to stay up to date on breaking news coverage In a recent tweet, Changpeng Zhao (CZ), the CEO of Binance, highlighted that China Central Television (CCTV), a state-owned channel, recently aired news related to cryptocurrencies.   This event holds significance considering China’s strict anti-crypto policy in place for the past two years. CZ remarked, “This is significant. The Chinese-speaking communities are buzzing. Similar coverage in the past has sparked bull runs.” China’s Crypto Narrative Takes a Dramatic Turn – A State-Owned Channel’s Impactful Broadcast China hasn’t been the same in the last couple of years. The country’s previous dominance in the cryptocurrency market, alongside the United States, has completely vanished due to its comprehensive ban two years ago. It would only be surprising to witness any sudden resurgence in the crypto market. CZ’s tweet coincided with the launch of China’s government-backed Metaverse platform called the “Ch

In a statement on Thursday, May 25, the EU watchdog said that it is working to stop shocks that would jeopardize the financial stability elsewhere. The European Systemic Risk Board made several recommendations ranging from asking all crypto firms to submit regular reports as well as introducing specific rules for some of the biggest players in the space. In its report, the ESRB said: advertisement “Systemic risks could arise quickly and suddenly. If the rapid growth trends observed in recent years were to continue, crypto-assets could pose risks to financial stability.” Thus, they have proposed a few changes to the recently passed MiCA regulations such as “introducing leverage limits for investment funds exposed to crypto-assets”. Additionally, the ESRB also called for limiting the crypto firm’s ability to lend tokens to its clients, which has been one of the popular ways of making high-leveraged bets. Furthermore, the ESRB asked for setting up high collateral

Both BTC price and the total crypto market cap line up a retest of the 200-week moving average — a key bear market support line. Bitcoin (BTC) fell sharply after the May 24 Wall Street open as a “long awaited retest” of key trend lines materialized. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Bitcoin abandons uptick to retest moving averages Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $26,154 on Bitstamp — its lowest since May 12. The latest action was a world away from just the day prior, when upside formed the main story for the market and Bitcoin was aiming for $27,500. Rangebound volatility was thus the name of the game on the day, while traders eyed key levels for bulls to protect going forward. These came in the form of the 100-day and 200-week moving averages (MAs), both already a topic of conversation in recent weeks. “We are getting a long awaited retest of the 200-Week Moving Average. IMO, this is the MOST important level for B

Shiba Inu was launched on Aug. 1, 2020, at a modest price of $0.000000000972 (nine zeroes). The token mostly traded on the back foot the entire year but kick-started a ‘zero’ deleting spree from early 2021. SHIB was among the most sought-after cryptocurrency and touched a market cap of $1 billion during its peak fame. The phenomenal rise after deleting six ‘zeroes’ in 10 months made Shiba Inu among the best-performing cryptocurrencies in 2021. Also Read: Shiba Inu Could Reach $10 by 2024? Here’s a Reality & Fantasy Check However, as the saying goes, ‘all good things come to an end’, SHIB declined in price after reaching its all-time high of $0.00008616 in October 2021. The phenomenon is now a thing of the past despite its market cap currently above the $5 billion mark. Nonetheless, its trading volume is on a decline since Q2 of 2021. Source: Coingecko Shiba Inu: When Did SHIB Reach $1 Billion In Market Cap? Source – Watcher Guru Shiba Inu touched $1 billion in mark

Cryptocurrency Wallet manufacturer Ledger has been the subject of several criticisms for its new “ Ledger Recovery” feature. The firm’s CEO, Pascal Gauthier, even defended the new feature, stating that is what future customers want. Users expressing concerns about Ledger’s new recovery feature have raised questions regarding its safety. The feature involves the storage of encrypted user seed phrases with third-party custodians. Critics argue that this approach contradicts Ledger’s claimed dedication to privacy and security. Now, according to the latest updates, Ledger has decided to delay the release of the new key recovery feature. Source: Forbes Ledger CEO says the firm will release the code first According to the details from Gauthier’s recent letter to users, the CEO stated that the new feature will not be rolled out until the feature code is released. The Wallet manufacturer has also decided to host a Twitter Space session at 12:30 PM EST Tuesday to discuss th

Other altcoins like Ethereum (ETH) and the top ten have also gained anywhere between 3-4% over the last 24 hours. However, investors still need to maintain caution as weekly trading volumes for some of the top digital assets have dropped to historically low levels. On-chain data provider Santiment reported: advertisement The largest assets in #crypto are seeing historically low levels of weekly trading volume. #Altcoin volume, in particular, has really dried up. When combining just $BTC & $ETH volume, this is the 2nd lowest threshold we are seeing since September, 2019. Courtesy: Santiment Thus, it will be interesting to see whether Bitcoin and other altcoins will continue the rally. For the Bitcoin price to confirm the bullish momentum going ahead, it must give a closing above $27,640 levels. To confirm a bullish breakout, you want #Bitcoin to print and sustain a 4-hour candlestick close above $27,640! https://t.co/FP1Nd75Bfb Rec