Bitcoin and Ethereum Hover Above Key Levels, EGLD and MIOTA Accelerate

Bitcoin price remained well bid above the USD 29,000 level, formed a base, and jumped above USD 30,000. It is currently (11:46 UTC) showing positive signs near USD 30,400 and might gain pace if it clears USD 31,200. BTC is up around 1% in a day and a week.

Timeline of Bitcoin, Elrond-egld, Ethereum, Iota

Following the collapse of Terra Luna some volatility was seen across the leading cryptocurrencies, Bitcoin and Ethereum. UST lost its peg to the US Dollar and despite efforts of the Lunda Guard Foundation (LFG) to repeg UST it was unsuccessful.

Terra continues to falter and dipped below $0.04 while Bitcoin maintained the $30,000 price level so let's have a closer look at our latest altcoin news. UST continues to chart new lows as Terra continues to falter below $0.04 and BTC stands slightly over $30,000.

Last week's crypto crash leads to $1.2 billion in BTC liquidations while Terra's LUNA went to zero so let's read more in today's latest altcoin news. Some bitcoin traders saw their accounts wiped out in the last week's correction and the derivatives traders lost over $1.2 billion in liquidations.

After a huge influx of 80,000 BTC into the crypto space, it's time for 30,000 ETH to make its way into the markets. Vitalik Buterin has transferred nearly 30K ETH from his public wallet to the one he uses to sell, gift or donate. And hence raising the speculation for an upcoming bearish trend for …

The recent drop in cryptocurrency prices has mirrored a stock market sell-off. The declines suggest that digital currencies may not be a trustworthy investment during economic uncertainty.

Noted venture capital firm Andreessen Horowitz (a16z) has released its inaugural State of Crypto report that includes cyclical information relevant to the current downturn, according to draft materials provided to CoinDesk. Other key takeaways were related to Web 3 benefits and Ethereum's continued blockchain dominance.

After breaking down below it on May 10, bitcoin (BTC) is currently attempting to reclaim the $30,500 horizontal area and potentially validate it as support once more. The post Bitcoin (BTC) Attempts to Find Support Above $30,000 appeared first on BeInCrypto.

Despite the intense pressure from the Chinese government last year to crack down on cryptocurrency operations, especially mining, the country has again surfaced as one of the biggest Bitcoin mining jurisdictions of 2022.  The Cambridge Bitcoin Electricity Consumption Index (CBECI) provided by the Cambridge Centre for Alternative Finance (CCAF) shows that Chinese Bitcoin mining activities.

Terra took quite a beating as the Ethereum creator and CEO of Binance criticized Terra and UST token via Twitter. Following the collapse of UST, Terra's stablecoin and LUNA, its native token, many crypto advocates have aired their sentiments on the subject.

Entrepreneur, CEO and founder of cryptocurrency exchange FTX, Sam Bankman-Fried, said yesterday that bitcoin could not become a payments network but that it had potential for being a store of value. Has he changed his mind on the former?