Currencies29298
Market Cap$ 2.38T+0.16%
24h Spot Volume$ 34.52B-8.79%
DominanceBTC50.93%+0.23%ETH17.06%-0.05%
ETH Gas5 Gwei
Cryptorank
MainNewsWill BTC, ET...

Will BTC, ETH Price Boom Come to an End? Price Analysis


May, 26, 2024
< 1 min read
by CoinEdition
Will BTC, ETH Price Boom Come to an End? Price Analysis
  • BTC and ETH liquidations summed up to $16.14 million in the last 24 hours.
  • The shorter and longer EMA were almost at the same spot, indicating possible BTC consolidation.
  • ETH’s momentum decreased, suggesting that the price might fall to $3,437.

The prices of Bitcoin (BTC) and Ethereum (ETH) ended the just-ended week on a positive note. As a result, the last 24 hours were tough for traders who leaned toward bearish sentiment and bet on their conviction.

According to derivatives information portal Coinglass, over $62 million was liquidated on May 25. Out of this ETH positions were valued at $8.58 million. BTC contracts wiped out, on the other hand, were worth $7.56 million.

For those unfamiliar, liquidation occurs when a trader is unable to meet the requirements to keep a position open, leading an exchange to forcefully close the contract. This could be due to insufficient margin balance or a wrong prediction accompanied by high leverage of volatility. 

Crypto Market Liquidation (Source: Coinglass)
Crypto Market Liquidation (Source: Coinglass)

At press time, BTC’s price was $69,085 while ETH changed hands at $3,803. A few weeks back, the …

The post Will BTC, ETH Price Boom Come to an End? Price Analysis appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Bitcoin ETFs vs. Ethereum ETFs: Why the Excitement Isn’t the Same

Bitcoin ETFs vs. Ethereum ETFs: Why the Excitement Isn’t the Same

While Bitcoin ETFs have seen significant inflows, the potential impact of Ethereum ET...
Jun, 24, 2024
< 1 min read
by CoinEdition
Bitcoin Technical Analysis: Inverse Head and Shoulders Pattern Suggests Bullish Reversal

Bitcoin Technical Analysis: Inverse Head and Shoulders Pattern Suggests Bullish Reversal

On Wednesday, via the 1-hour chart, bitcoin is forming a potential inverse head and s...
Jun, 26, 2024
by Bitcoin News
MainNewsWill BTC, ET...

Will BTC, ETH Price Boom Come to an End? Price Analysis


May, 26, 2024
< 1 min read
by CoinEdition
Will BTC, ETH Price Boom Come to an End? Price Analysis
  • BTC and ETH liquidations summed up to $16.14 million in the last 24 hours.
  • The shorter and longer EMA were almost at the same spot, indicating possible BTC consolidation.
  • ETH’s momentum decreased, suggesting that the price might fall to $3,437.

The prices of Bitcoin (BTC) and Ethereum (ETH) ended the just-ended week on a positive note. As a result, the last 24 hours were tough for traders who leaned toward bearish sentiment and bet on their conviction.

According to derivatives information portal Coinglass, over $62 million was liquidated on May 25. Out of this ETH positions were valued at $8.58 million. BTC contracts wiped out, on the other hand, were worth $7.56 million.

For those unfamiliar, liquidation occurs when a trader is unable to meet the requirements to keep a position open, leading an exchange to forcefully close the contract. This could be due to insufficient margin balance or a wrong prediction accompanied by high leverage of volatility. 

Crypto Market Liquidation (Source: Coinglass)
Crypto Market Liquidation (Source: Coinglass)

At press time, BTC’s price was $69,085 while ETH changed hands at $3,803. A few weeks back, the …

The post Will BTC, ETH Price Boom Come to an End? Price Analysis appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Bitcoin ETFs vs. Ethereum ETFs: Why the Excitement Isn’t the Same

Bitcoin ETFs vs. Ethereum ETFs: Why the Excitement Isn’t the Same

While Bitcoin ETFs have seen significant inflows, the potential impact of Ethereum ET...
Jun, 24, 2024
< 1 min read
by CoinEdition
Bitcoin Technical Analysis: Inverse Head and Shoulders Pattern Suggests Bullish Reversal

Bitcoin Technical Analysis: Inverse Head and Shoulders Pattern Suggests Bullish Reversal

On Wednesday, via the 1-hour chart, bitcoin is forming a potential inverse head and s...
Jun, 26, 2024
by Bitcoin News