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Following a slight surge in price, bitcoin was trading lower on Friday, as bearish momentum returned to crypto markets. BTC was once again nearing the $20,000 level in today’s session, while ETH fell below $1,100 earlier in the day. Bitcoin BTC moved lower in Friday’s session, as bearish momentum once again reigned supreme in crypto […]Powered by WPeMatico
No user funds have been affected by the exploit, but Inverse Finance has incurred a debt and offered the attacker a bounty to return the stolen funds.
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On Thursday, Circle’s CEO Jeremy Allaire announced that the company has launched a new stablecoin pegged to the value of the euro (EUR). Allaire said that the new EUROC token is now live on the Ethereum network and will be “available to mint and redeem on June 30th.” Circle Launches EUROC Circle has announced the […]Powered by WPeMatico
After incurring significant losses earlier this week, the Bitcoin and Ethereum prices managed to hold support this Thursday as stock markets jumped Wednesday afternoon briefly amid the Fed raising interest rates by 75 basis points to fight inflation. The last time interest rates were as high as they are right now was two years ago when the pandemic began, signaling a tremendous effort by the Fed to curb inflation and ease looming recession fears. Bitcoin and Ethereum Price Incurs Significant Losses This Week Despite holding support today, Bitcoin (BTC) and Ethereum (ETH) are still down over 30% this past week,
The post Bitcoin and Ethereum Price Manage to Hold Support as Stock Markets Jump Briefly appeared first on The Merkle News.
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Bitcoin moved away from its recent low of $20,000 on Thursday, following a historic rate hike from the Federal Reserve. As inflation in the United States rose to a 44-year high of 8.6% last month, the Fed responded by hiking rates by 0.75%. ETH was also marginally higher today. Bitcoin BTC was marginally higher on […]Powered by WPeMatico
Ether price is forming a bear pennant pattern whose profit target comes to be near $850.
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BTC and select altcoins notched small gains after the Federal Reserve rolled out a 75 basis point rate hike, but technical analysis suggests that further downside is the most realistic outcome.
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Even with the Fed raising interest rates by unprecedented amounts, last week’s Consumer Price Index (CPI) numbers showed a further 6% gain. Record gas prices continue to drive inflation at an incredible rate, causing uncertainty in global markets. Since the Bitcoin and Ethereum prices continue to follow stock market actions, we’re seeing further losses as BTC price is down 4.76% while Ethereum is down 7.86% in the past 24 hours. Bitcoin is currently trading at $21.3k, struggling to hold support, while Ethereum is trading at $1.1k with a risk of dropping below $1k if the bear market continues. Bitcoin Price
The post Bitcoin, Ethereum Price Down Over 30% This Week, Terra Classic (LUNC) Overtakes Terra 2.0 (LUNA) in Market Cap appeared first on The Merkle News.
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ETH was close to falling below $1,000 on Wednesday, as markets began to prepare for the latest Fed policy meeting. Many expect that the FOMC will opt to hike interest rates today, as inflation continues to peak. BTC was also lower, hovering slightly above $20,000. Bitcoin BTC was hovering marginally above $20,000 in today’s session, […]Powered by WPeMatico
ETH’s latest plunge could bring more pain despite expectations that $1,200 should hold.
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