Bitcoin and ether lost pivotal support levels in the past 24 hours amid weakening sentiment for the broader crypto market – a move that caused over $520 million in liquidations, data shows. By shauryamalwa
Ether-tracked futures lost upwards of $236 million, nearly double those of $125 million on bitcoin futures. The losses were unusual for ether, which mostly sees lower liquidations than bitcoin on average trading days.
Price-charts suggest support at current levels and resistance at $1,900, which acted as pivotal support earlier this month. Similar prices were previously seen in July 2021, and losing the level could see ether drop to the $1,300-$1,500 range or lower.A fundamental reason for the drop could be a lack of demand for Ethereum’s block space, as per data from analytics firm Glassnode.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Bitcoin price bottom signals flash as Fear and Greed Index matches March 2020 lowsOn-chain indicators focusing on Bitcoin's fair valuation and long-term holders' sentiment also raise its prospects of bottoming out.
Baca lebih lajut »
Three types of laws could reduce gun deaths by more than 10%States can reduce gun deaths significantly by doing three things, a 2020 study suggests: limiting children's access to guns, restricting concealed-carry permits, and restricting 'stand your ground” policies.
Baca lebih lajut »
FTC fines Twitter $150 million for 'deceptive' ad targeting | EngadgetThe Federal Trade Commission fines Twitter for “deceptively using account security data for targeted advertising.”.
Baca lebih lajut »
Chicago’s Homeless ‘Walking Man’ Set Alight While Lying DownJoseph Kromelis, 75, sustained burns on almost half of his body and is, according to one police officer, unlikely to survive.
Baca lebih lajut »
JPMorgan's bull case for bitcoin, Sequoia's warning, and Ether's soulbound tokens: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Kate Rooney speaks with Sequoia Capital's Michelle Bailhe to discuss the state of crypto investing, whether digital currencies can weather rising rates and a potential recession, and the firm's dire warning to startup founders.
Baca lebih lajut »