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” Ethereum risks another 60% drop after breaking below $1K to 18-month lows “ The price of Ethereum’s native token, Ether (ETH), careened below $1,000 on June 18 as the ongoing sell-off in the crypto market continued despite the weekend. Ether reached $975, its lowest level since January 2021, losing 80% of its value from…
” Stablecoins highlight ‘structural fragilities’ of crypto — Federal Reserve “ The Federal Reserve’s board of governors pointed to stablecoins as a potential risk to financial stability amid a volatile crypto market. In its Monetary Policy Report released on Friday, the board of governors of the Federal Reserve System said “the collapse in the value…
” Market selling might ease, but traders are on the sidelines until BTC confirms $20K as support “ The total crypto market capitalization fell off a cliff between June 10 and June 13 as it broke below $1 trillion for the first time since January 2021. Bitcoin (BTC) fell by 28% within a week and…
” XRP price technical breakdown boosts chances of a 40% drop by July “ Ripple (XRP) price stares at potential losses in the coming weeks as it breaks out of a “descending triangle” pattern, with its bias skewed toward the downside. Major XRP breakdown underway To recap, XRP started forming the technical structure after reaching $1.98…
” SOL price trending toward yearly low as Solana TVL drops $870M in three days “ Solana (SOL) tumbled on June 16 amid a broader retreat across the top cryptocurrencies, led by the Federal Reserve’s 0.75% interest rate hike a day before. Solana price rebound fizzles Notably, SOL/USD plunged nearly 17% to $30 a token,…
“Dow futures fall 500 points after Fed’s sharp rate hike” Dow futures fell by some 500 points before the market opened on Thursday as Wall Street appears poised to give up some of the gains made after Fed Chair Jerome Powell announced sharp interest rate hikes to combat inflation. S&P 500 futures fell by some…
” Ethereum sell-off resumes with ETH price risking another 25% decline in June “ Ethereum’s native token Ether (ETH) slumped on June 16, suggesting that its relief rally coinciding with the Federal Reserve announcing it will hike the benchmark rate by 0.75%, is at risk. Ether bulls trapped? Ether’s price slipped by 9.2% to around $1,120 per…
” Bitcoin price climbs to $22.5K after Fed 75 basis point hike aims to cap runaway inflation “ Global financial markets were squarely focused on the U.S. Federal Reserve and its decision to raise interest rates by 75 basis points on June 15, the largest increase in 28 years as the central bank fights to…
“Nation knows it’s Biden’s fault and other commentary” Neocon: Nation Knows It’s Biden’s Fault “Inflation is everyone’s priority,” notes Noah Rothman at Commentary — and if “today’s dire circumstances” should “become an existential emergency,” then “the blame . . . is likely to fall squarely on the party in power.” That’s despite President Biden’s “simplistic, monocausal rationale”…
” Ethereum crashed by 94% in 2018 — Will history repeat with ETH price bottoming at $375? “ Ethereum’s native token Ether (ETH) is showing signs of bottoming out as ETH price bounced off a key support zone. Notably, ETH price is now holding above the key support level of the 200-week simple moving average (SMA)…