• Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Saturday, August 13, 2022
Online Crypto College
Advertisement
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading
No Result
View All Result
Online Crypto College
No Result
View All Result

ETH Falls to 15-Month Low to Start the Weekend – Market Updates Bitcoin News

June 11, 2022
in Bitcoin
Reading Time: 4 mins read
A A
ShareShareShareShareShare

Related articles

PicPay Has Launched A Crypto Exchange In Collaboration With Paxos

August 13, 2022

Bitcoin Is An alternative To Economic Condition, Says CEO Of Franklin

August 12, 2022

Crypto prices plunged as the weekend commenced, following yesterday’s U.S. inflation report, which came in at a 40-year high of 8.6%. ETH fell to its lowest point in fifteen months, while BTC dropped below $29,000.

Bitcoin

Following days of consolidation, BTC finally moved late on Friday into Saturday, as crypto prices responded to the latest inflation report.

Data from the United States showed that inflation came in at a 40-year high of 8.6%, which is higher than the 8.3% many had expected.

As such, investors seem to have panicked, and in turn liquidated some of their positions in crypto markets.

BTC/USD – Daily Chart

BTC/USD fell to an intraday low of $28,911.36 to start the weekend, taking prices to their weakest point in almost two weeks.

Despite the drop, prices still remain above support at $28,800, however some expect the sell-off to intensify as the weekend progresses.

Should we see the 14-day RSI move below its current support of 40.50, then we could see this expectation come into fruition.

Ethereum

Saturday saw ETH fall to its lowest point in over a year, as prices of the world’s second-largest crypto token plunged.

To start the weekend, ETH/USD fell by nearly $300, hitting a bottom of $1,583.10 earlier in today’s session.

This is the lowest level prices have hit since March last year, and comes as prices broke out of support at $1,720.

ETH/USD – Daily Chart

Following days of consolidation, price strength also waned, with the RSI seeing its floor of 36 easily broken.

As of writing, the indicator is now tracking at 30.96, which is close to a lower support level of 29.30.

Like bitcoin, some expect prices of ETH to fall lower in the coming days, and this floor in the RSI could be a point that bears are targeting.

Why does inflation have such an impact on crypto prices? Leave your thoughts in the comments below.

Eliman Dambell

Eliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It


Credit: Source link

ShareTweetSendPinShare
Previous Post

Bitcoin (BTC) Price To Surge Above $40K By End of June

Next Post

This Turkish crypto exchange plans to foray in Indian market; welcomes 30% tax, 1% TDS rule

Related Posts

PicPay Has Launched A Crypto Exchange In Collaboration With Paxos

August 13, 2022

Brazil’s prominent payment app PicPay has decided to venture into the world of cryptocurrencies by teaming up with crypto exchange...

Bitcoin Is An alternative To Economic Condition, Says CEO Of Franklin

August 12, 2022

Many people are reacting differently to the current condition of Bitcoin and the global economy. In the past two consecutive...

Bitcoin Mining Operations Continue to Expand Amid the Crypto Winter, While Converting ‘Wasted Gas to Energy at Scale’ – Mining Bitcoin News

August 12, 2022

The bitcoin mining industry continues to expand as companies are obtaining more megawatts of capacity, building new facilities, and acquiring...

This Brazilian Fintech Is Bringing Crypto Trading To 30 million People

August 12, 2022

Crypto services are spreading worldwide. Most of the growth in this regard has been mostly in the West, but more...

SOL Makes Another Shot At $44, After Two Failed Attempts This Week

August 12, 2022

Solana (SOL) bulls are determined to push the price of the coin higher and breach the $44 level. Solana price...

Load More
Next Post

This Turkish crypto exchange plans to foray in Indian market; welcomes 30% tax, 1% TDS rule

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Turkey Inflation Rate of 79.6% the Highest in 24 Years — Weakening Lira and Russia-Ukraine War Blamed – Economics Bitcoin News

August 6, 2022

Here’s what Baby Doge Swap is all about

August 10, 2022

Polygon-based project suspected to be rug scam as Token dips 99.88%

August 8, 2022

Vitalik Buterin calls out ETHW hard fork proponents as “trying to make a quick buck”

August 6, 2022

Now that Shiba Inu’s BONE has breached $1, here’s what’s next

August 9, 2022

About Us

This is an online news portal that aims to provide the latest Crypto news, Altcoins, blockchain, regulations and much more stuff like that around the world. Feel free to get in touch with us!

What’s New Here!

  • PicPay Has Launched A Crypto Exchange In Collaboration With Paxos
  • 3 trends that will shape the future of Bitcoin mining
  • Bitcoin’s Privacy Problem—And What Cypherpunks Are Doing to Solve It

Newsletter

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$24,615.002.54%
  • ethereumEthereum(ETH)$1,971.073.55%
  • tetherTether(USDT)$1.00-0.02%
  • usd-coinUSD Coin(USDC)$1.000.06%
  • binancecoinBNB(BNB)$326.560.70%
  • rippleXRP(XRP)$0.3817121.12%
  • cardanoCardano(ADA)$0.541.46%
  • Binance USDBinance USD(BUSD)$1.00-0.09%
  • SolanaSolana(SOL)$47.669.60%
  • polkadotPolkadot(DOT)$9.482.59%
  • dogecoinDogecoin(DOGE)$0.0732642.66%
  • AvalancheAvalanche(AVAX)$30.213.51%
  • Lido Staked EtherLido Staked Ether(STETH)$1,914.893.66%
  • Shiba InuShiba Inu(SHIB)$0.0000132.19%
  • matic-networkPolygon(MATIC)$0.985.64%
  • daiDai(DAI)$1.000.06%
  • tronTRON(TRX)$0.0711550.59%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$24,621.002.48%
  • ethereum-classicEthereum Classic(ETC)$43.674.29%
  • OKBOKB(OKB)$20.9712.19%
  • NEAR ProtocolNEAR Protocol(NEAR)$6.044.49%
  • leo-tokenLEO Token(LEO)$4.883.52%
  • litecoinLitecoin(LTC)$63.202.07%
  • chainlinkChainlink(LINK)$9.343.68%
  • FTXFTX(FTT)$31.462.51%
  • UniswapUniswap(UNI)$9.251.40%
  • CronosCronos(CRO)$0.1559612.27%
  • cosmosCosmos Hub(ATOM)$12.173.56%
  • stellarStellar(XLM)$0.1275891.50%
  • FlowFlow(FLOW)$3.000.40%
  • moneroMonero(XMR)$166.644.49%
  • bitcoin-cashBitcoin Cash(BCH)$144.501.04%
  • algorandAlgorand(ALGO)$0.3722992.51%
  • vechainVeChain(VET)$0.0336451.33%
  • filecoinFilecoin(FIL)$8.783.35%
  • ApeCoinApeCoin(APE)$7.051.55%
  • Internet ComputerInternet Computer(ICP)$8.382.50%
  • decentralandDecentraland(MANA)$1.081.86%
  • HederaHedera(HBAR)$0.0838203.15%
  • ChainChain(XCN)$0.086969-1.35%
  • Axie InfinityAxie Infinity(AXS)$19.896.40%
  • tezosTezos(XTZ)$1.941.23%
  • The SandboxThe Sandbox(SAND)$1.351.74%
  • QuantQuant(QNT)$128.213.08%
  • Lido DAOLido DAO(LDO)$3.0516.25%
  • theta-tokenTheta Network(THETA)$1.642.16%
  • AaveAave(AAVE)$114.814.91%
  • ElrondElrond(EGLD)$66.892.00%
  • FraxFrax(FRAX)$1.000.14%
  • Celsius NetworkCelsius Network(CEL)$3.3538.43%