Ethereum, SafeMoon & Bitcoin – American Wrap May 21

The price of Ethereum Classic rallied over 400% in the first few days of May, hitting a new all-time high of nearly $ 178. ETC has since pulled back over 70% due to the May 16 collapse of the cryptocurrency market and is currently trading at $ 71. ETC appears poised to resume its uptrend to beat the all-time high of May 6th.

SafeMoon Price Prediction: SAFEMOON has to crack a critical resistance to recover

After testing the channel’s upper resistance on May 6th at $ 0.000012, SAFEMOON is down 50% and is currently trading at $ 0.0000065. This behavior of the Safemoon price has formed a descending parallel channel that moves the digital asset back and forth between the trend lines in an accumulation phase.

Breaking: Bitcoin Crashes As Chinese Vice Prime Minister Liu Vows To Tackle Mining And Trade

BTC / USD is down $ 38,000 in response to headlines when China’s Vice Prime Minister Liu He said he should “resolutely prevent and control financial risk.” The senior official added that Beijing would crack down on Bitcoin’s mining and trading activities. In a broader sense, Liu added that the government would severely punish those who engage in illegal financial activities.

Comments are closed.