Crypto Crash Cost Ethereum Boss His Billionaire Status, Said We’re Caught In A Bubble

Ethereum On A Knife Edge
A week ago, Ethereum was riding high after hitting a new all-time high of $4.4k. Since then, ETH has been caught in a downtrend, with things getting much worse due to the crypto crash.

At one point, at the height of the panic selling, the price of Ethereum dipped as low as $1.9k before wicking back up. That’s a 57% loss from its all-time high.

While yesterday was a green day, prices are still down from pre-crash levels.

Today sees a move above the $2,750 resistance level; however, a break above $3k would give more confidence in a recovery for the number two cryptocurrency.

Ethereum daily chart YTD
Source: ETHUSD on TradingView.com
As ever, what happens next depends on what Bitcoin does. Bitcoin hangs precariously but did close yesterday above the 200-day moving average, giving hope that the bulls still have some fight left.

Nonetheless, as investors continue nursing their losses, sentiment remains low. The question on everyone’s mind is, is this the end of the bull run?

Is The Bull Run Over?
Although Buterin believes crypto “isn’t a toy anymore,” rather it’s a significant part of the new world that’s being created. But he still thinks markets are caught up in a crypto bubble.

He did, however, stop short of giving his opinion on whether Wednesday’s crash signaled the start of a new crypto winter.

“[On whether we are in a bubble] I would say yes. But, again, that obviously does not come with a prediction of when the bubble’s going to end because that’s notoriously hard to predict.”

On the other hand, Bitcoin-bull Willy Woo said confidently that this is not the end of the bull market.

Woo said there is a lot of activity in the network compared to valuation. He added that the crash was from a highly organic level, meaning he doesn’t believe this is the down leg from a final blow-off top.

“We dumped down from a level that was highly organic, no speculative premium. 2017 top, for example, we were 3.8% higher than the organic valuation. This is not a mania phase and then the end of the [sic] bear market.

This is just the middle of the bull market derivatives unwind. So we’ve got a lot of cheap coins sitting here in the market. I think it will take a bit of time to recover.”

#ethereum

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Crypto Crash Cost Ethereum Boss His Billionaire Status, Said We’re Caught In A Bubble

Crypto Crash Cost Ethereum Boss His Billionaire Status, Said We’re Caught In A Bubble

Ethereum On A Knife Edge
A week ago, Ethereum was riding high after hitting a new all-time high of $4.4k. Since then, ETH has been caught in a downtrend, with things getting much worse due to the crypto crash.

At one point, at the height of the panic selling, the price of Ethereum dipped as low as $1.9k before wicking back up. That’s a 57% loss from its all-time high.

While yesterday was a green day, prices are still down from pre-crash levels.

Today sees a move above the $2,750 resistance level; however, a break above $3k would give more confidence in a recovery for the number two cryptocurrency.

Ethereum daily chart YTD
Source: ETHUSD on TradingView.com
As ever, what happens next depends on what Bitcoin does. Bitcoin hangs precariously but did close yesterday above the 200-day moving average, giving hope that the bulls still have some fight left.

Nonetheless, as investors continue nursing their losses, sentiment remains low. The question on everyone’s mind is, is this the end of the bull run?

Is The Bull Run Over?
Although Buterin believes crypto “isn’t a toy anymore,” rather it’s a significant part of the new world that’s being created. But he still thinks markets are caught up in a crypto bubble.

He did, however, stop short of giving his opinion on whether Wednesday’s crash signaled the start of a new crypto winter.

“[On whether we are in a bubble] I would say yes. But, again, that obviously does not come with a prediction of when the bubble’s going to end because that’s notoriously hard to predict.”

On the other hand, Bitcoin-bull Willy Woo said confidently that this is not the end of the bull market.

Woo said there is a lot of activity in the network compared to valuation. He added that the crash was from a highly organic level, meaning he doesn’t believe this is the down leg from a final blow-off top.

“We dumped down from a level that was highly organic, no speculative premium. 2017 top, for example, we were 3.8% higher than the organic valuation. This is not a mania phase and then the end of the [sic] bear market.

This is just the middle of the bull market derivatives unwind. So we’ve got a lot of cheap coins sitting here in the market. I think it will take a bit of time to recover.”

#ethereum

Crypto Crash Cost Ethereum Boss His Billionaire Status, Said We're Caught In A Bubble

Tàn khốc như vụ tai nạn tiền điện tử hôm thứ Tư , rất ít người có khả năng thua lỗ nhiều như Người đồng sáng lập Ethereum Vitalik Buterin. Theo CNN , ví công khai của Buterin được định giá 1,1 tỷ USD vào buổi sáng ngày suy thoái. Nhưng sau vụ tai nạn, nó đứng ở mức 870 triệu đô la.

Thị trường phục hồi trở lại khi lượng bán giảm bớt. Nhưng giá vẫn giảm so với trước khi vụ tai nạn xảy ra. Thêm vào đó là tâm lý sợ hãi tột độ và nhiều người đang tự hỏi liệu đợt tăng giá có kết thúc với vụ tai nạn hôm thứ Tư hay không.

Ethereum trên một cạnh dao
Một tuần trước, Ethereum đã tăng cao sau khi chạm mức cao nhất mọi thời đại mới là 4,4 nghìn đô la. Kể từ đó, ETH đã rơi vào xu hướng giảm, mọi thứ trở nên tồi tệ hơn nhiều do sự cố tiền điện tử.

Tại thời điểm cao điểm của đợt bán tháo hoảng loạn, giá Ethereum đã giảm xuống mức 1,9 nghìn đô la trước khi tăng trở lại. Đó là mức giảm 57% so với mức cao nhất mọi thời đại của nó.

Trong khi ngày hôm qua là một ngày xanh, giá vẫn giảm so với mức trước khi sụp đổ.

Hôm nay chứng kiến ​​sự di chuyển trên mức kháng cự $ 2,750 ; tuy nhiên, sự bứt phá trên $ 3k sẽ mang lại niềm tin hơn cho sự phục hồi đối với tiền điện tử số hai.

Biểu đồ hàng ngày Ethereum YTD
Nguồn: ETHUSD trên TradingView.com
Như mọi khi, điều gì xảy ra tiếp theo phụ thuộc vào những gì Bitcoin thực hiện. Bitcoin bị treo một cách bấp bênh nhưng đã đóng cửa ngày hôm qua trên mức trung bình động 200 ngày, mang lại hy vọng rằng phe bò vẫn còn một số cuộc chiến.

Tuy nhiên, khi các nhà đầu tư tiếp tục thua lỗ, tâm lý vẫn ở mức thấp. Câu hỏi trong đầu mọi người là, liệu đây có phải là sự kết thúc của đợt tăng giá?

Bull có chạy qua không?
Mặc dù Buterin tin rằng tiền điện tử “không còn là một món đồ chơi nữa”, thay vào đó nó là một phần quan trọng của thế giới mới đang được tạo ra. Nhưng anh ấy vẫn cho rằng thị trường đang bị cuốn vào bong bóng tiền điện tử.

Tuy nhiên, anh ấy đã ngừng đưa ra ý kiến ​​của mình về việc liệu vụ tai nạn hôm thứ Tư có báo hiệu sự bắt đầu của một mùa đông tiền điện tử mới hay không.

“[Về việc liệu chúng ta có đang ở trong một bong bóng hay không] Tôi sẽ nói có. Nhưng, một lần nữa, điều đó rõ ràng không đi kèm với dự đoán về thời điểm bong bóng kết thúc bởi vì điều đó nổi tiếng là khó dự đoán. "

Mặt khác, Bitcoin-bull Willy Woo tự tin nói rằng đây không phải là sự kết thúc của thị trường tăng giá.

Woo cho biết có rất nhiều hoạt động trong mạng lưới so với việc định giá. Anh ấy nói thêm rằng vụ tai nạn xảy ra ở mức độ hữu cơ cao, có nghĩa là anh ấy không tin rằng đây là chân xuống từ một cú đánh cuối cùng.

“Chúng tôi đã bán phá giá xuống từ mức có tính hữu cơ cao, không có phí bảo hiểm

#ethereum

Mike doctor

Mike doctor

1624226400

THE CRYPTO CRASH OF 2021 (Should you Invest now?) DO NOT MISS!!!

In this video, I’m going over the recent cryptocurrency crash and what you should know about it. We’ll go into what caused it, why this is/is not normal, and what you should do as an investor.

This is the largest crypto crash by market cap we have seen - and it’s definitely scary. Bitcoin, ethereum, and pretty much every single notable crypto out there is down today. These are my thoughts surrounding the news, important things to know about the current climate, and what I personally will be doing with my crypto.
📺 The video in this post was made by Charlie Chang
The origin of the article: https://www.youtube.com/watch?v=lAQ0FGdGSZI
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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Abigail betty

Abigail betty

1624568400

🔴 Crypto Crash Intensifies | This Week in Crypto – May 24, 2021. JUST IN 3 MINUTES

Want to meet with Nate in person? Attend Bitcoin 2021 in Miami.
0:38 Black Wednesday in Crypto
1:00 Crypto Crash Leads to Issues on Exchanges
1:16 Insider Predicted Bitcoin Crash?
1:35 China Announces Limitations on BTC Mining
1:49 U.S. Treasury Limiting Crypto Privacy
2:12 Societe Generale Prefers Gold over Bitcoin
2:27 Millennials Prefers Doge over Bitcoin
2:46 Wells Fargo to Offer Crypto Investment
3:04 Cathie Wood Still Thinks BTC Could Reach $500K

📺 The video in this post was made by 99Bitcoins
The origin of the article: https://www.youtube.com/watch?v=n2Vv25nszVo
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!
☞ **-----CLICK HERE-----**⭐ ⭐ ⭐
Thanks for visiting and watching! Please don’t forget to leave a like, comment and share!

#bitcoin #blockchain #crypto #crypto crash #this week in crypto #crypto crash intensifies

Ron  Cartwright

Ron Cartwright

1600596000

Improve Your Cost Management with AWS Saving Plans

The adaptability and flexibility of today’s cloud services present a lot of opportunities to cut infrastructure costs. Amazon Web Services and its plethora of services let you set up any kind of cloud environment for any type of application, without forcing you to make long-term commitments. At the very least, you don’t have to make a big initial investment to set up your cloud environments.

AWS resources are designed to make deploying cloud-native applications easy and affordable. Affordability is always important for businesses because cost-efficient applications guarantee higher returns on cloud investment. The way AWS services are set up allows for easy scaling of apps and cloud resource usage, but keeping your cloud environment efficient is not without its challenges.

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