Crypto News

Impact on Mining Companies: The recent volatility in the cryptocurrency market has led to a major impact on mining companies, with many facing significant losses. Companies such as Riot Blockchain (RIOT) and Marathon Digital Holdings (MARA) saw a drop of 5% and 8%, respectively, in their stock prices. This was a result of the sharp decline in technology stocks, which are closely tied to the success of cryptocurrencies. Bitcoin's Resilience: Despite the overall market turbulence, Bitcoin showed resilience by climbing 3% and maintaining a stable price of $102,668. This is a positive sign for the cryptocurrency industry, as it proves that Bitcoin has the capacity to withstand external pressures and continue its upward trend. Many experts believe that Bitcoin's current price is just the beginning, with predictions of it reaching $150,000 by the end of the year. Fluctuations in Technology Stocks: The sharp fluctuations in technology stocks played a m...

Ethereum's Struggle Continues: After reaching an all-time high of over $4,000 in early May, Ethereum's price has been on a downward trend. The popular cryptocurrency has faced multiple challenges in the past few weeks, including the rising popularity of meme coins and the increasing concerns over energy consumption in the crypto mining process. As a result, the price of Ethereum has dropped significantly, with a current value of around $2,300 at the time of writing. The Break Below $2,550 Support: One of the major reasons for Ethereum's recent decline is the break below the crucial support level of $2,550. This level had been acting as a strong support for the cryptocurrency, but it failed to hold against the selling pressure in the market. As a result, Ethereum's price dropped below $2,500 and is currently struggling to stay above $2,300. Hope for Recovery with $2,500 Resistance: Despite the current challenges, there is still hope for Ethereum to recover and ...