Ethereum Slips Below $3K as Crypto Market Turns Red

, the second largest cryptocurrency, has dropped to an intraday low of $2,961 on the Bitstamp exchange, falling roughly 6% over the past 24 hours.It is performing in line with other major altcoins. Solana is the top laggard, slipping by more than 8% to hit $100.Image byThe world's biggest cryptocurrency has dropped to the psychologically important level of $40,000 since April 18.

Bitcoin is down more than 7% over the past 24 hours. After reclaiming the $42,000 level, the cryptocurrency was violently rejected at $43,000, which prompted a bigger selloff. The minor recovery that took place earlier this week now appears to be a bull trap.The recent correction has once again demonstrated Bitcoin's persistent correlation with the stock market. U.S. equities are under pressure today, with the Dow shedding 480 basis points at press time .

The markets have been spooked by the U.S. Federal Reserve's increasingly hawkish rhetoric. On Thursday, Federal Reserve Chair Jerome Powell did not rule out hiking the benchmark U.S. interest rates by 50 basis points next month in order to"restore price stability." As

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BTC Volatility Slips to 17-Month Low, Correlation With Stock Market on the RiseGlobalBlock Market Analyst Marcus Sotiriou discusses the current state of the crypto markets as investors eye bitcoin's next support and resistance levels. Plus, a conversation on consumer strength mitigating the risk of an impending recession, optimism despite a possible Fed rate hike, and altcoins like Cosmos. Globalblocknews kucoincom Genuine Idea to rebalance your portfolio if the Crypto market is down and a good time to buy dip with this new unique strategy I’m making huge profit weekly from stock.. Safemoon, BTC, ETH Dogecoins Follow and DM ( How ) 👇👇 xavier_emerson_ Thank you very much_,,! jvrsl Globalblocknews kucoincom Thank you very much_,,, ࠭
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Crypto Markets Lost $100B in a Day as Bitcoin Plunged to $40K (Market Watch)The cumulative market cap of all crypto assets lost $100 billion in a day as BTC and most altcoins are deep in the red. Bitcoin Balance on Exchanges continuously keeps on nose-diving Bitcoin's circulating supply that is off exchanges has not moved in 1+ years. So this is considered extremely BULLISH Bravo bnbt_ix Made us proud her tweets tips have been very helpful, I’ve been doing superb 5 million stores accepting BTC? Dream on, and LondonCoin Systems will make it happen soon.
Source: Crypto_Potato - 🏆 568. / 51 Read more »