Xrp

Share to Twitter Share to Linkedin That spot on the price chart where “down” stopped and “up” began, some weeks or months ago, is known to analysts as the support level. Enough investors came in as buyers and reversed the downtrend. When that previous buy zone is violated — more sellers than buyers — it gets noticed by both artificial intelligence and mere humans. That’s what happened this week to the major cryptocurrencies and it’s worth noting because of how much it affects related stocks, such as Coin Base Global and MicroStrategy MSTR . Both hit new 52-week lows. When Coin Base had their initial public offering last May the stock hit 400 — it now trades at 58. Involvement with the cryptos has been a poor choice so far this year. Bitcoin BTC . Here’s the weekly price chart: This week’s drop below 28000 is a problem for Bitcoin as that level found buyers in 2021 and support held there. It’s bounced back above that area but once … [Read more...] about Cryptos Break Down Below Previous Support, Then Bounce: Bitcoin, Ethereum, XRP

Share to Twitter Share to Linkedin Fortunes rise and fall in the volatile world of cryptocurrency, but over the last few weeks, they’ve only moved in one direction—down. The total value of all outstanding cryptocurrency tokens is down over 26%, and Bitcoin is down 25% since March 11, when Forbes counted 19 crypto billionaires . Now, just 16 are billionaires, Forbes estimates. For moguls whose net worths are hitched to token prices and publicly traded stocks of crypto firms, it’s been a difficult few weeks. Eleven of the industry’s wealthiest individuals have collectively lost nearly $60 billion, Forbes calculates, as the plunge in crypto erased nearly $400 billion in market value. One person accounted for the vast majority of that loss. Binance CEO Changpeng Zhao (CZ) was the industry’s wealthiest person in March with an eye-popping $65 billion fortune. (Binance previously announced it plans to invest in Forbes through a special purpose … [Read more...] about Crypto’s Richest Lost Nearly $60 Billion In Recent Weeks In Massive Crypto Collapse

Representative image Cryptocurrencies traded in the red early today on May 10. The global crypto market cap is $1.41 trillion, a 9.78 percent decrease over the last day. The total crypto market volume over the last 24 hours is $181.93 billion, which makes a 82.97 percent increase. The total volume in DeFi is currently $20.85 billion, 11.46 percent of the total crypto market 24-hour volume. The volume of all stable coins is now $163.00 billion, which is 89.60 percent of the total crypto market 24-hour volume. Bitcoin's price is currently Rs 25.44 lakh, with a dominance of 41.79 percent. This was a 0.34 percent increase over the day, according to data from CoinMarketCap. Bitcoin , the world’s biggest cryptocurrency, has tumbled 28 percent this year so far. As per analysts and watchers, the Russia-Ukraine war and changing economic policies impacted the cryptocurrency market as investors flee to more stable havens. Bitcoin hit an all-time high of $67,549.74 on … [Read more...] about Cryptocurrency Prices Today May 10: Bitcoin slumps further, Polkadot biggest loser

Shares of Peloton Interactive Inc. ( PTON ) are skyrocketing after the connected exercise company announced a major restructuring. The stock is up nearly 30% as of Tuesday afternoon. Currently trading around $38, the company is still down more than 70% in the last year. U.S. equity markets as a whole are decisively higher after wavering this morning, led by tech and small-cap stocks, with the Nasdaq up more than 1% and the Dow Jones not far behind. Shares of Harley-Davidson ( HOG ) are up nearly 15% this morning after the company posted better-than-expected revenue and earnings. Analysts expected a loss of 38 cents per share; instead, Harley-Davidson reported a gain of 14 cents per share, thanks in part to increased demand for one of its more expensive motorcycle models. Key Takeaways The Dow Jones, S&P 500 and Nasdaq are all higher after wavering earlier. Amgen and Peloton are both helping lead markets higher, as are small-cap stocks as measured by the Russell … [Read more...] about Stocks Rally as Amgen, Peloton, Travel Companies Push Markets Higher

U.S. equity markets are falling, with the Nasdaq sinking deeper into correction territory as shares of streaming service providers drop. Key Takeaways U.S. equity markets are falling, on their way to further weekly declines, as the Nasdaq sinks deeper into correction territory. Shares of streaming service providers are dropping after Netflix reported slowing subscriber growth. Crude oil futures are falling for a second day. The yield on the 10-year Treasury note is sinking, now at 1.76%. Netflix, Inc. ( NFLX ) is the worst-performing stock in the S&P 500, with shares plunging on its slowing subscriber growth. The news is dragging down shares of The Walt Disney Company ( DIS ) and others in the online entertainment sector. Shares of smaller banks are continuing their week-long decline, led by Huntington Bancshares Incorporated ( HBAN ) following its earnings report. Shares of Intel Corporation ( INTC ) and other semiconductor companies are higher on … [Read more...] about Nasdaq Correction Deepens as Stocks Slide on Rate Concerns