Crypto Market Sentiment Drops Again; Bitcoin Still in the Positive Zone

Crypto Market Sentiment Drops Again; Bitcoin Still in the Positive Zone

Crypto market sentiment went for a dive in the first week after the Bitcoin (BTC) halving event on May 11. Crypto market sentiment analysis service Omenics shows that the combined moving average 7-day market sentiment measure, sentscore, for the top 10 coins dropped from last week’s 5.67 to 5.08/10 this week.

While the prices have been rising, the sentscores for all but one coin have dropped, most of them in double-digits, and even that one exception – Stellar (XLM) – saw a small increase of 0.3%. Bitcoin remains in the positive zone, though with a lower sentscore, while Ethereum (ETH) got knocked back down into the neutral zone. We find only two more coins with a score above 5, while the rest dropped into the 4-5 range. That said, none are in the negative zone yet, though Bitcoin Cash (BCH) is sitting at the verge of it.

Meanwhile, observing the situation for the top 10 coins in the last 24 hours, we found it somewhat greener. Though their combined score is just 5.07, even less than the 7-day one. Still, six coins have seen an increase in their scores, including Bitcoin and Ethereum, both of which are in the positive zone. There is, however, a coin in the negative zone as well: BCH with 3.8/10.

The only coin whose sentscore has increased over the course of the past week is our winner. Stellar has two high scores in the positive zone this week: 8.2/10 in news and 6.2 in technicals. Two more scores are in the neutral zone, these being 5.4 in social and 4 in buzz, while its fundamentals got the negative score of 3.5.

Daily Bitcoin sentscore change in the past month:

The losing coins for this week are those with the highest decreases in their respective sentscores: BCH with -20.5%, Binance Coin (BNB) with -18.2%, and Litecoin (LTC) with -17.9%. BCH has 5.4 in news as its highest score, followed by 4.8 in social, 4 in buzz, as well as 2.8 in technicals, and 2.7 in fundamentals. BNB’s got a high sentscore of 6.5 in news, as well as 5.4 in fundamentals, but the rest of its scores are quite low: 3.8 on social and technicals each, and 3.5 in buzz. Lastly, LTC’s strongest aspects are social and news, with the scores of 5.5 and 5.4, respectively, followed by 4 in fundamentals, while its weakest aspects are buzz and technicals, which got 3.9 and 2.8, respectively.

When it comes to the other 29 coins rated by Omenics, the week was rough on them too. The scores of only eight have gone up. Still, Nano (NANO) remains in the positive zone with a score of 6, sixteen have scores above 5, and Komodo (KMD) is still the only coin in the negative zone with 3.5.

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* – Methodology:

Source: cryptonews.com

Author: By Sead Fadilpašić


Libra News: Current news about the Facenbook currency

Libra News: Current news about the Facenbook currency

Source: www.handelsblatt.com


Libra News: Current news about the Facenbook currency

EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 18/05/20

EOS fell by 0.55% on Sunday. Following on from a 1.90% gain on Saturday, EOS ended the week up by 6.99% to $2.6179.

A mixed start to the day saw EOS rise from an early morning low $2.6228 to a mid-morning high $2.6602.

Steering clear of the major support and resistance levels, EOS fell back to $2.62 levels before striking a mid-afternoon intraday high $2.6764.

Falling short of the first major resistance level at $2.6890, EOS slid back to a late intraday low $2.6201.

Steering clear of the first major support level at $2.5732, EOS recovered to $2.63 levels before falling back into the red.

At the time of writing, EOS was up by 0.76% to $2.6378. A bullish start to the day saw EOS rise from an early morning low $2.6102 to a high $2.6379.

EOS left the major support and resistance levels untested early on.

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EOS would need to move through to $2.65 levels to bring the first major resistance level at $2.6657 into play.

Support from the broader market would be needed, however, for EOS to break out from the morning high $2.6379.

Barring an extended crypto rally, however, the major first resistance level would likely cap any upside.

Failure to move back through to $2.65 levels would see EOS hit reverse.

A fall through to sub-$2.6290 levels would bring the first major support level at $2.5807 into play.

Barring an extended crypto sell-off, however, EOS should steer clear of the second major support level at $2.5436.

Major Support Level: $2.5807

Major Resistance Level: $2.6657

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum rallied by 3.27% on Sunday. Following on from a 3.02% gain on Saturday, Ethereum ended the week up by 10.34% to $207.05.

A relatively range-bound morning saw Ethereum rise from an early morning intraday low $199.1 to a mid-afternoon intraday high $210.00.

Ethereum broke through the first major resistance level at $204.85 and the second major resistance level at $209.16.

Late in the day, Ethereum fell back to $206 levels before revisiting $209 levels.

Coming up against the second major resistance level at $209.16, Ethereum fell back to $206 levels before steadying.

At the time of writing, Ethereum was up by 2.23% to $211.67. A bullish start to the day saw Ethereum rise from an early morning low $206.99 to a high $211.82.

Ethereum broke through the first major resistance level at $211.67 early on.

Ethereum would need to avoid sub-$210 levels to bring the second major resistance level at $216.28 into play.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $211.82.

Barring an extended crypto rally, the first major resistance level would likely limit any upside.

Failure to avoid sub-$210 levels could see Ethereum hit reverse.

A fall back through the morning low to sub-$205.40 levels would bring the first major support level at $200.77 into play.

Barring an extended crypto sell-off, however, Ethereum should steer clear of sub-$200 levels.

Major Support Level: $200.77

Major Resistance Level: $211.67

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP rose by 0.79% on Sunday. Following on from a 0.81% gain on Saturday, Ripple’s XRP ended the week up by 2.07% to $0.20108.

It was a bullish end to the week. Ripple’s XRP rallied from an early morning intraday low $0.19882 to a mid-afternoon intraday high $0.20479.

Ripple’s XRP broke through the first major resistance level at $0.2024 to come within range of the second major resistance level at $0.20530.

A late afternoon pullback saw Ripple’s XRP fall to a low $0.20086 before finding support.

Ripple’s XRP fell back through the first major resistance level before finding support.

At the time of writing, Ripple’s XRP was up by 1.23% to $0.20356. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.20107 to a high $0.20371.

Ripple’s XRP left the major support and resistance levels untested early on.

Ripple’s XRP will need to avoid sub-$0.2020 levels to support a run at the first major resistance level at $0.2043.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high $0.20371.

Barring an extended crypto rally, the first major resistance level would likely limit any upside.

Failure to avoid sub-$0.2020 levels could see Ripple’s XRP give up the early gains.

A fall back through the morning low $0.20107 would bring the first major support level at $0.1983 into play.

Barring a crypto meltdown, however, Ripple’s XRP should steer clear of sub-$0.19 support levels.

The second major support level at $0.1956 should limit any downside on the day.

Major Support Level: $0.1983

Major Resistance Level: $0.2043

23.6% FIB Retracement Level: $0.3638

38.2% FIB Retracement Level: $0.4800

62% FIB Retracement Level: $0.6678

Please let us know what you think in the comments below.

Thanks, Bob

Source: www.fxempire.com

Author: Bob Mason15 hours ago (May 18, 2020 01:28 AM GMT)


Crypto Malware Downs Supercomputers in Europe, Slowing COVID-19 Research | Finance Magnates

Crypto Malware Downs Supercomputers in Europe, Slowing COVID-19 Research | Finance Magnates

A number of high-performance “supercomputers” that operate in various capacities across Europe have been compromised over the past week after being infected with cryptocurrency mining malware, according to a new report from ZDNet. Many of the computers have been shut down in order to investigate the infections.

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The timing of the shutdowns is particularly bad because of the fact that many of the organizations running the computers were prioritizing research on COVID-19. This research has now most likely been hampered as a result of the malware and the subsequent shutdowns.

So far, the malware has been reported in the UK, Germany, and Switzerland; a fourth infection seems to have targeted a high-performance computing center located in Spain.

While none of the affected organizations released any specific details about the nature of the attacks, the Computer Security Incident Response Team (CSIRT) for the European Grid Infrastructure (EGI), which coordinates research on supercomputers across Europe, has released samples of the malware and “network compromise indicators.”

So far, there isn’t any evidence that all of the attacks have been carried out by a single perpetrator or group of perpetrators.

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However, according to US-based security firm Cado Security, these samples and indicators seemed to suggest that there may be a connection between the attacks: similar malware file names, as well as other indicators, seem to suggest that the malware may be coming from the same source.

Cado also told ZDNet that the malware seems to have found its way onto the computers through stolen SSH login credentials that were taken from university members with access to the machines. The compromised SSH logins belonged to universities in Canada, China, and Poland.

The first attack, which was reported last Monday, targeted a machine at the University of Edinburgh in Scotland–specifically, the ARCHER supercomputer.

“Due to a security exploitation on the ARCHER login nodes, the decision has been taken to disable access to ARCHER while further investigations take place,” a report from the institution said on May 8th. The computer’s SSH passwords have also been reset.

The second mining malware infection, which was reported by wHPC (an organization that coordinates research projects across supercomputers in the state of Baden-Württemberg) also came last Monday.

Four supercomputers within the German state–one each at the University of Stuttgart, the Karlsruhe Institute of Technology, Ulm University, and Tübingen University–have been shut down for investigations.

Then, on Wednesday, researcher Felix von Leitner wrote in a blog post that another Spanish supercomputer–this one in Barcelona–had been shut down as the result of a security issue.

Source: www.financemagnates.com

Author: Rachel McIntosh


Crypto Market Sentiment Drops Again; Bitcoin Still in the Positive Zone

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