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The Ethereum price recently experienced a significant nosedive after failing to maintain its position above the $3,000 mark. This decline has left ETH down over 20%, forcing it to try to regain ground from the $2,000 zone. The downward trend began when Ethereum broke crucial support levels such as $2,800 and $2,650, signaling trouble ahead
Chainlink (LINK) is currently facing increased bearish pressure in the decentralized finance space, as key technical indicators are signaling the potential for further losses. This article provides an in-depth analysis of the current market sentiment around Chainlink, examining critical support levels and implications for LINK’s price stability. As of the time of writing, LINK had
Bitcoin has been facing a tough time in the market, with the price extending losses and testing the $65,500 support zone. Despite attempting a recovery wave, the cryptocurrency is still trading below $68,000 and the 100 hourly Simple moving average. A connecting bearish trend line forming with resistance at $66,400 on the hourly chart of
During a meeting on July 17, Russian President Vladimir Putin expressed his concerns regarding the potential power shortages that could arise due to the uncontrolled electricity consumption of Bitcoin and other crypto mining facilities in various regions of the country. He highlighted areas such as the Irkutsk region, Buryatia, and Trans-Baikal Territory as already experiencing
American investment management firm VanEck has set an astonishing price target for Bitcoin (BTC), the world’s largest cryptocurrency. This forecast, which seems almost inconceivably high compared to most market predictions, has garnered significant attention. Despite the ambitious forecast, VanEck’s research team has presented a comprehensive rationale explaining why they believe such a substantial price increase
Semilore Faleti is a cryptocurrency writer with a specialization in journalism and content creation. His journey began with writing on various subjects but soon evolved into a deep dive into the complexities of blockchains and cryptocurrency. Semilore is fascinated by the efficiency of digital assets in storing and transferring value, leading him to become a
Investing in Bitcoin can be a daunting task, especially with the market volatility and frequent price fluctuations. However, one crypto analyst, known as ‘Stockmoney Lizards’, has provided valuable insights into identifying key price levels for potential buying opportunities. By analyzing Bitcoin’s recent price movements, the analyst has highlighted critical buy levels and the cryptocurrency’s potential