Tuesday, August 9, 2022
Decentralized
No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • ICO
  • Market & Analysis
  • Bitcoin
  • Ethereum
  • Litecoin
  • Ripple
  • Dogecoin
No Result
View All Result
Home Market & Analysis

Top cryptocurrency prices today: Profit booking pushes prices lower, Ethereum tanks over 5%

admin by admin
September 28, 2021
in Market & Analysis
0
Top cryptocurrency prices today: Profit booking pushes prices lower, Ethereum tanks over 5%
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


New Delhi: Amid uncertainty over its legitimacy in a few of the largest economies, main cryptocurrencies misplaced momentum and declined in early commerce on Tuesday.

Among the many high 10 names, Ethereum was the largest loser, down over 5 per cent. Polkadot, Cardano, Binance Coin and XRP dropped 3-5 per cent. Others additionally declined over 2 per cent.

Related articles

Institutions flocking to Ethereum for 7 straight weeks as Merge nears: Report

Institutions flocking to Ethereum for 7 straight weeks as Merge nears: Report

August 9, 2022
Crypto ATMs Lose Traction In Tarnished Market

Crypto ATMs Lose Traction In Tarnished Market

August 9, 2022

“The battle between the bears and bulls continues, which might be why ETH has been in a consolidating section over the previous few days, buying and selling in a range-bound style between $2,800 and $3,200. The asset faces a powerful psychological resistance at $3,300, which if the asset crosses and sustains, is more likely to witness one other sturdy rally,” stated analysts at ZebPay Commerce Desk.



The worldwide crypto market cap at $1.89 trillion, fell 3.65 per cent over the past day. The overall crypto market quantity over the past 24 hours stood at $97.32 billion, down 14.64 per cent.

The overall quantity in DeFi stood at $16.83B, 17.29 per cent of the entire crypto market’s 24-hour quantity. The quantity of all secure cash was $78.85B, 81.02 per cent of the entire crypto market’s 24-hour quantity.

In the meantime, cryptocurrency exchanges and suppliers of crypto providers are scrambling to sever enterprise ties with mainland Chinese language shoppers after Beijing final Friday issued a blanket ban on all crypto buying and selling and mining.

In a fruits of years of efforts to rein within the sector, 10 highly effective Chinese language authorities our bodies together with the central financial institution, stated abroad exchanges have been barred from offering providers to mainland traders by way of the web – a beforehand gray space – and vowed to collectively root out “unlawful” cryptocurrency actions.

Tech View by Giottus Cryptocurrency Trade
Hedera Hashgraph is a blockchain platform that helps third social gathering purposes very like Ethereum and Solana. The important thing differentiator being that each one such purposes are supervised by a gaggle of companies (by way of an accredited group of nodes). Although it raises questions on its decentralized nature, this technique permits it to assist excessive transaction speeds, which Hedera argues, ensures companies get the ensures they want on transaction finality and state. Just lately, India’s premier institute, IIT Madras, joined Hedera’s governing council to drive its R&D within the blockchain area.

HBAR is the cryptocurrency of the platform and has been grabbing consideration globally attributable to its latest worth actions. HBAR rallied from $0.25 to start with of September to a excessive of $0.576 – a 2.3x acquire inside a few weeks. Since then, it entered a correction section together with the remainder of the market and is presently buying and selling at $0.32. With this motion, it has fashioned a big head and shoulders sample on the every day chart – a basically bearish sample which might ship it all the way down to $0.25 or decrease if it performs out, particularly with Bitcoin’s worth actions presently indeterministic. Additionally it is breaking its latest horizontal assist stage and has fashioned successive decrease highs.

HBAR

Nevertheless, HBAR continues to be buying and selling above its 50-day shifting common (presently at $0.30), the place it’s more likely to discover appreciable assist and should bounce, presenting a great lengthy alternative to merchants. Its every day RSI can be nearing 30 – which is oversold territory and indicative of a reversal of its draw back. On its BTC ratio, HBAR presently trades at 0.0000077 – close to a assist stage final held every week in the past and beforehand damaged earlier in September. Thus, HBAR could not drastically underperform Bitcoin, however its fiat pricing stays considerably bearish.

Main Ranges
Assist: $0.3049, $0.2949

Resistance: $0.379, $0.3915

(Time is in UTC and the every day timeframe is 12:00 AM – 12:00 PM UTC)

(Views and proposals given on this part are the analysts’ personal and don’t signify these of ETMarkets.com. Please seek the advice of your monetary adviser earlier than taking any place within the asset/s talked about.)



Source link

Tags: bookingCryptocurrencyEthereumPricesprofitpushestankstodayTop
Share76Tweet47

Related Posts

Institutions flocking to Ethereum for 7 straight weeks as Merge nears: Report

Institutions flocking to Ethereum for 7 straight weeks as Merge nears: Report

by admin
August 9, 2022
0

Institutional buyers are piling into Ether- (ETH)-based digital asset funds, which have recorded seven straight weeks of optimistic inflows,...

Crypto ATMs Lose Traction In Tarnished Market

Crypto ATMs Lose Traction In Tarnished Market

by admin
August 9, 2022
0

Bitcoin ATM in a mall permits to purchase and promote Bitcoin crypto. Orange BTC cryptocurrency change ... machine....

Fed reverse repo reaches $2.3T, but what does it mean for crypto investors?

Fed reverse repo reaches $2.3T, but what does it mean for crypto investors?

by admin
August 9, 2022
0

The U.S. Federal Reserve (FED) just lately initiated an try to scale back its $8.9 trillion stability sheet by...

Cryptocurrency companies spend $2.4B on sports sponsorships

Cryptocurrency companies spend $2.4B on sports sponsorships

by admin
August 8, 2022
0

At F1’s inaugural GP in Miami this spring, the complete advanced was decked out in signage from title sponsor...

Has US inflation peaked? 5 things to know in Bitcoin this week

Has US inflation peaked? 5 things to know in Bitcoin this week

by admin
August 8, 2022
0

Bitcoin (BTC) goes into one other key macro week in the US with a welcome break to the upside.After...

Load More
  • Trending
  • Comments
  • Latest
BYD Ocean-X Concept creates ripples at the Munich show

BYD Ocean-X Concept creates ripples at the Munich show

September 9, 2021
Akt.io Introduces AKTIO Coin ICO in Ireland

Akt.io Introduces AKTIO Coin ICO in Ireland

October 15, 2021
HGTV’s Urban Oasis home in Indianapolis captures Broad Ripple’s vibe

HGTV’s Urban Oasis home in Indianapolis captures Broad Ripple’s vibe

October 8, 2021
NFTs allow people to ‘interact with crypto in a hands-on way’ — Shaq

NFTs allow people to ‘interact with crypto in a hands-on way’ — Shaq

October 15, 2021

Tezos, Ripple and Dogecoin – European Wrap 9 August

0
Sell or hodl? How to prepare for the end of the bull run, Part 2 – Cointelegraph Magazine

Sell or hodl? How to prepare for the end of the bull run, Part 2 – Cointelegraph Magazine

0
BYD Ocean-X Concept creates ripples at the Munich show

BYD Ocean-X Concept creates ripples at the Munich show

0
India to Take Distinctive Approach Toward Cryptocurrencies, Not Like the US or El Salvador

India to Take Distinctive Approach Toward Cryptocurrencies, Not Like the US or El Salvador

0

Tezos, Ripple and Dogecoin – European Wrap 9 August

August 9, 2022
Litecoin Price Prediction: LTC To Hit $74 in August? – InvestingCube

Litecoin Price Prediction: LTC To Hit $74 in August? – InvestingCube

August 9, 2022
Bitcoin realized price bands form key resistance as bulls lose $24K

Bitcoin realized price bands form key resistance as bulls lose $24K

August 9, 2022
Iran makes first import order using cryptocurrency – report

Iran makes first import order using cryptocurrency – report

August 9, 2022

Recent News

Tezos, Ripple and Dogecoin – European Wrap 9 August

August 9, 2022
Litecoin Price Prediction: LTC To Hit $74 in August? – InvestingCube

Litecoin Price Prediction: LTC To Hit $74 in August? – InvestingCube

August 9, 2022
Bitcoin realized price bands form key resistance as bulls lose $24K

Bitcoin realized price bands form key resistance as bulls lose $24K

August 9, 2022

Categories

  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • ICO
  • Litecoin
  • Market & Analysis
  • Ripple

Follow Us

Tags

analysis Bitcoin Blockchain BTC buy Cardano Coin Cointelegraph crypto Cryptocurrencies Cryptocurrency DeFi Digital DOGE Dogecoin Effect ETH Ethereum Heres Inu Investors latest launches Litecoin LTC Market markets metaverse Million Mining News NFT NFTs Price Prices Ripple ripples SEC Shiba Solana today token Top trading XRP
No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • ICO
  • Market & Analysis
  • Bitcoin
  • Ethereum
  • Litecoin
  • Ripple
  • Dogecoin

© 2021 DECENTRALIZED UPDATE All Rights Reserved