Tag: Risks

Ethereum market share nears historic lows as ETH price risks falling to $1,100

coiner

Ether’s (ETH) market is very close to hitting all-time lows as a classic bearish chart pattern hints at a deeper correction toward $1,100. Ethereum’s market dominance keeps falling On April 9, Ethereum’s market dominance, or the measure of Ether’s share of crypto’s overall market capitalization, hit a new multiyear low of 7.18%, according to Cointelegraph Markets Pro and TradingView data.  This value was merely a hair’s breadth above the all-time low of 7.09% reached in September 2019. “Ethereum dominance is so very close to registering new all-time lows,” said popular crypto analyst…

Read More

The Risks of Stablecoins: Exploring The Bitcoin-Dollar With Mark Goodwin

coiner

Understanding Stablecoins Stablecoins are a type of cryptocurrency that aims to maintain a stable value by pegging it to another asset, such as a fiat currency, precious metal, or a basket of assets. Stablecoins have gained significant popularity in recent years due to their potential to address some of the limitations of traditional cryptocurrencies, such as Bitcoin. While Bitcoin is known for its price volatility, stablecoins provide a more price stable alternative, making them suitable for various use cases. One of the most prominent ways stablecoins are marketed is in…

Read More

BTC price risks new sub-$29K dip as Binance fears test Bitcoin bulls

coiner

Bitcoin (BTC) dipped below $29,000 on Aug. 3 as market concerns over largest global exchange Binance reignited BTC price downside. BTC/USD 1-hour chart. Source: TradingView BTC price analysis “expects” support retest Data from Cointelegraph Markets Pro and TradingView showed BTC price action heading lower before a modest comeback into the Wall Street open. Rumors over new United States legal action against Binance made for a disappointing 24 hours for Bitcoin bulls after a brief trip above $30,000. With the trading range still firmly in place, monitoring resource Material Indicators forecast…

Read More