{"id":463537,"date":"2021-05-10T20:26:15","date_gmt":"2021-05-10T20:26:15","guid":{"rendered":"https:\/\/wncen.com\/?p=463537"},"modified":"2024-06-11T13:55:40","modified_gmt":"2024-06-11T13:55:40","slug":"bitcoin-ethereum-crash-10-crypto","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/bitcoin-ethereum-crash-10-crypto\/","title":{"rendered":"Bitcoin And Ethereum Bleed 10% In Violent Crypto Market Shakeout"},"content":{"rendered":"

Ethereum reached highs over $4,000 today<\/a> and Bitcoin made another attempt at over $59,000. Within a two-hour window, more than 10% of recent gains were wiped out sending Ether back below the key level and Bitcoin tumbling lower.<\/p>\n

Is this a sign of a reversal in the making, or are these powerfully trending assets simply too unstoppable right now for the rally to be over?<\/p>\n

Ethereum, Bitcoin Dive Nearly 10% In Violent Free Fall<\/h2>\n

Ethereum has had one of its most productive months<\/a> yet in terms of ROI, all while Bitcoin has struggled to maintain local highs. The recent altcoin season has been especially fruitful, propelling Dogecoin to nearly a dollar and Ether to $4,000.<\/p>\n

Related Reading | Lucky Number 7: Ethereum Breaks Total Crypto Monthly Record<\/a><\/strong><\/em><\/p>\n

While Bitcoin consolidates, these altcoins are making the cryptocurrency’s recent run look like child’s play in terms of ROI.<\/p>\n

However, much of that ROI<\/a> was just erased in a matter of minutes.<\/p>\n

\"bitcoin<\/p>\n

Within two hours 10% was gone from both coins | Source: ETHUSD on TradingView.com<\/a><\/pre>\n
What This Means For The Current Crypto Market Cycle<\/h2>\n
A long and nasty wick is all that remains on both BTCUSD and ETHUSD on the shortest timeframes. Currently, the daily on both crypto assets looks bearish but a bear trap ahead of a breakout isn’t out of the cards.<\/p>\n
Crypto has been a full bull mode for some time, and a correction<\/a> could also be long overdue. These assets are up hundreds if not thousands of a percent already this year, and have barely taken a breather.<\/p>\n
Related Reading | Creator Of Flawless Top Indicator Says Bitcoin Isn\u2019t Done, Despite Signal<\/a><\/strong><\/em><\/p>\n
Markets tend to correct when participants least expect it<\/a>, and the current greed and exuberance has been the highest in years.\u00a0An unexpected correction could leaves bulls gasping for air and wondering what happened.<\/p>\n
Featured image from iStockPhoto, Charts from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
Ethereum reached highs over $4,000 today and Bitcoin made another attempt at over $59,000. Within a two-hour window, more than 10% of recent gains were wiped out sending Ether back below the key level and Bitcoin tumbling lower. Is this a sign of a reversal in the making, or are these powerfully trending assets simply too unstoppable right now for the rally to be over? Ethereum, Bitcoin Dive Nearly 10% In Violent Free Fall Ethereum has had one of its most productive months yet in terms of ROI, all while Bitcoin has struggled to maintain local highs. The recent altcoin season has been especially fruitful, propelling Dogecoin to nearly a dollar and Ether to $4,000. Related Reading | Lucky Number 7: Ethereum Breaks Total Crypto Monthly Record While Bitcoin consolidates, these altcoins are making the cryptocurrency’s recent run look like child’s play in terms of ROI. However, much of that ROI was just erased in a matter of minutes. Within two hours 10% was gone from both coins | Source: ETHUSD on TradingView.com What This Means For The Current Crypto Market Cycle A long and nasty wick is all that remains on both BTCUSD and ETHUSD on the shortest timeframes. Currently, the daily on both crypto assets looks bearish but a bear trap ahead of a breakout isn’t out of the cards. Crypto has been a full bull mode for some time, and a correction could also be long overdue. These assets are up hundreds if not thousands of a percent already this year, and have barely taken a breather. Related Reading | Creator Of Flawless Top Indicator Says Bitcoin Isn\u2019t Done, Despite Signal Markets tend to correct when participants least expect it, and the current greed and exuberance has been the highest in years.\u00a0An unexpected correction could leaves bulls gasping for air and wondering what happened. Featured image from iStockPhoto, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":463539,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[428,1119,1144,8323,65296,1946,8686],"class_list":["post-463537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-bitcoin","tag-btc","tag-btcusd","tag-eth","tag-ethbtc","tag-ethereum","tag-ethusd"],"acf":[],"yoast_head":"\nBitcoin And Ethereum Bleed 10% In Violent Crypto Market Shakeout<\/title>\n<meta name=\"description\" content=\"Ethereum reached highs over $4,000 today and Bitcoin made another attempt at over $59,000. 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Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/wncen.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin And Ethereum Bleed 10% In Violent Crypto Market Shakeout","url":"http:\/\/wncen.com\/news\/ethereum\/bitcoin-ethereum-crash-10-crypto\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/bitcoin-ethereum-crash-10-crypto\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/ethereum-bitcoin-violent-iStock-1226991989.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/ethereum-bitcoin-violent-iStock-1226991989.jpeg?fit=1254%2C836"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","eth","ethbtc","ethereum","ethusd"],"dateCreated":"2021-05-10T20:26:15Z","datePublished":"2021-05-10T20:26:15Z","dateModified":"2024-06-11T13:55:40Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin And Ethereum Bleed 10% In Violent Crypto Market Shakeout\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/bitcoin-ethereum-crash-10-crypto\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/bitcoin-ethereum-crash-10-crypto\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/ethereum-bitcoin-violent-iStock-1226991989.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/ethereum-bitcoin-violent-iStock-1226991989.jpeg?fit=1254%2C836\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"eth\",\"ethbtc\",\"ethereum\",\"ethusd\"],\"dateCreated\":\"2021-05-10T20:26:15Z\",\"datePublished\":\"2021-05-10T20:26:15Z\",\"dateModified\":\"2024-06-11T13:55:40Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/ethereum-bitcoin-violent-iStock-1226991989.jpeg?fit=1254%2C836","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/463537"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=463537"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/463537\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/463539"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=463537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=463537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=463537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}