Weak stocks and declining DeFi use continue to weigh on Ethereum price
Crumbling tech stock prices, declining DApp use and bearish derivatives data continue to pin ETH price below $2,000. Go to Source Powered by WPeMatico
Markets
Auto Added by WPeMatico
Assuming Bitcoin plays nice, higher timeframe analysis points to $90 Solana (SOL) price
Solana continues to consolidate near the critical $50 price range, while bulls have begun to flirt with the idea of a possible upswing. Go to Source Powered by WPeMatico
Crypto funds under management drop to a low not seen since July 2021
Outflows from digital asset funds reached $141 million last week, a figure not seen since July 2021. Go to Source Powered by WPeMatico
fUSD stablecoin launch and rumors of Cronje’s return send Fantom (FTM) price higher
FTM price recovers from its May 12 low after the launch of the fUSD stablecoin and the possible return of Andre Cronje. Go to Source Powered by WPeMatico
Bitcoin’s current setup creates an interesting risk-reward situation for bulls
A slight improvement in equities markets and the resilience of a few key BTC price metrics are giving bulls hope of a reversal. Go to Source Powered by WPeMatico
Price analysis 5/23: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB
Bitcoin and the major altcoins have bounced off their immediate support levels, paving the way for a possible relief rally in the short term. Go to Source Powered by WPeMatico
Top 5 cryptocurrencies to watch this week: BTC, BNB, XMR, ETC, MANA
BTC price continues to encounter selling pressure, but a brief rally or the start of consolidation could lead to sharp gains in BNB, XMR, ETC and MANA. Go to Source Powered by WPeMatico
20% drop in the S&P 500 puts stocks in a bear market, Bitcoin and altcoins follow
Recession fears mount as a 20% decline in the S&P 500 places stock in a bear market, increasing the chance that BTC and altcoins will make new lows. Go to Source Powered by WPeMatico
3 red flags that signal a crypto project may be misleading investors
The challenges faced by Terra, Wonderland and a handful of other DeFi projects exposed the need for investors to do more research and avoid cult personalities. Go to Source Powered by WPeMatico
Altcoin prices briefly rebounded, but derivatives metrics predict worsening conditions
Declining demand for Tether and negative futures premiums for altcoins reflect a growing disinterest from crypto investors. Go to Source Powered by WPeMatico