Monero enters ‘overbought’ danger zone after XMR price gains 75% in two weeks

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XMR is also nearing a breakdown move led by the formation of rising wedge, a classic bearish reversal pattern. Monero (XMR) price may witness a sharp pullback by June because its 75% rally in the last two weeks has left the gauge almost “overbought.” Monero price RSI meets rising wedge Downside risks have been mounting … Read more

Long Liquidations Continue To Rock Market As Bitcoin Struggles To Settle Above $30,000

long-liquidations-continue-to-rock-market-as-bitcoin-struggles-to-settle-above-$30,000

The effects of the long liquidations that rocked bitcoin after the digital asset had fallen to $25,000 continue to be felt even now. Bitcoin which has since managed to recover above $30,000 once more remains a prime liquidation target in the market. Even now, a week after the crash that had seen it record its … Read more

$1.9T wipeout in crypto risks spilling over to stocks, bonds — stablecoin Tether in focus

$1.9t-wipeout-in-crypto-risks-spilling-over-to-stocks,-bonds-—-stablecoin-tether-in-focus

The dangers posed by stablecoins to the traditional market cannot be dismissed due to Tether’s exposure to the U.S. credit system. The cryptocurrency market has lost $1.9 trillion six months after it soared to a record high. Interestingly, these losses are bigger than those witnessed during the 2007’s subprime mortgage market crisis — around $1.3 … Read more

Investors Make For Stablecoin Hills As USDT Volume Touches All-Time High

investors-make-for-stablecoin-hills-as-usdt-volume-touches-all-time-high

With the market in turmoil, crypto investors are beginning to turn to stablecoins such as USDT and USDC to provide cover from losses. These stablecoins which are pegged to the U.S. dollar have been the obvious winners from the recent crash but it seems that investors are taking it one step further this time around. … Read more