Bitcoin and Ethereum Struggle to Recover, Altcoins in Red
Bitcoin price declined over 7% in a day and there was a clear move below the USD 40,000 support. It is currently (11:55 UTC) trading below USD 39,500 and there is a risk of more downsides. Similarly, most major altcoins...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Bitcoin price declined over 7% in a day and there was a clear move below the USD 40,000 support. It is currently (11:55 UTC) trading below USD 39,500 and there is a risk of more downsides.
Similarly, most major altcoins are gaining bearish momentum. ETH declined below the USD 2,650 and USD 2,600 support levels. XRP declined below USD 0.75 and might even slide below USD 0.72. ADA is now struggling to stay above USD 0.80....
Read More: Bitcoin and Ethereum Struggle to Recover, Altcoins in Red
Why this matters
This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
SEC’s $75M Reg Crypto Plan Could Ignite Token Fundraising on Ethereum, Solana, BNB
Key Takeaways: Regulatory agencies proposed Reg Crypto for clearer guidelines on token fundraising. Grayscale believes there is up...
Ethereum’s 12-GPU proving problem just got a 4-GPU answer
ZisK's new four-GPU benchmark claim has lowered the headline hardware count in Ethereum's real-time proving race. In February, Cry...
FalconX and Interstice Launch $9T Cross-Chain Engine Linking Canton, Solana and Ethereum
Key Takeaways: Interstice Digital and FalconX rolled out a non-custodial Cross-Chain Swap Engine that connects Canton, Ethereum, S...
Ripple just scored two major institutional wins but XRP traders are bracing for a bigger move
On Aug. 18, Ripple deepened its push into traditional finance, securing a South Korean banking deal as its prime brokerage raised...
XStocks tokenized equities hit $186M AUM, with Ethereum’s STRCx leading by market cap
Tokenized equities' growth highlights a shift towards 24/7 trading and DeFi integration, potentially reshaping traditional financi...
Ethereum exchange balances drop 10% as Bitcoin sees inflow
The shift in crypto exchange balances highlights evolving investor strategies, emphasizing self-custody and staking over tradition...