With an eventful week drawing to a close, all attention is focused on Bitcoin (BTC), the leading cryptocurrency. As the US CPI data looms on 12 July, investors eagerly anticipate its impact on BTC—will it drive the price higher or trigger a significant drop below $30K? CPI Data and Bitcoin: Inflation’s Impact on BTC Price…
Santiment, a crypto analytics firm, has identified XRP and ADA as cryptocurrencies that have a strong possibility of rebounding in the near future. According to Santiment’s data, several cryptocurrencies are currently witnessing sell-offs resulting in losses, following a recent surge in profit-taking within the market. Both XRP and ADA are among the cryptocurrencies affected by…
Stellar (XLM) Faces Price Decline: Bearish Sentiment Prevails Over the past week, Stellar (XLM) has witnessed a decrease in price, dropping from $0.1 to $0.096. This represents a decline of 13.42% in value. In the last 24 hours, XLM experienced a minor drop of 0.61%. These price movements indicate a bearish sentiment in the crypto…
After the incident, Dogecoin (DOGE) has seen a minor surge, reaching the $0.07 mark once again after four weeks. Dogecoin (DOGE), the famous memecoin, has made a small comeback, reaching the $0.07 level again after four weeks. This rise follows the biggest DOGE shorting event of 2023, which happened six days ago and may have…
A well-regarded crypto analyst is cautioning about a possible Bitcoin (BTC) correction on the horizon, following the cryptocurrency’s impressive performance in the previous week. According to trader Justin Bennett’s recent blog post, Bitcoin (BTC) has experienced an impressive rally since June 15th, with a substantial surge of around 25% in less than two weeks. However,…
In just one day, the price of SHIB experienced a surge from $0.000008019 to $0.000007476. This notable increase comes ahead of the anticipated launch of Shibarium, a layer 2 blockchain, scheduled for July. Shiba Inu (SHIB), often referred to as the “Dogecoin killer,” is facing challenges in the current market conditions. The decline in the…
According to on-chain data from Santiments, XRP stands out as the only major cryptocurrency showing slight bullish signals for the future. Last week, the global digital market experienced a positive performance, with significant cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) witnessing price increases of over 12% and 8% respectively. However, in contrast to this rally,…
While the 1-day chart of Solana displayed a predominantly bearish trend, the shorter timeframes indicated a notable presence of bullish momentum. On the price charts, Solana exhibited contrasting biases between the 1-day and 4-hour timeframes, with the advantage leaning towards the bulls in the shorter timeframes. This favorable situation could potentially drive SOL’s rally towards…
Bloomberg analyst Mike McGlone cautions about challenges ahead for Bitcoin’s surge to $40,000, despite a positive outlook influenced by the BlackRock Bitcoin ETF. Bitcoin reached a one-year peak at $31,400, matching its price before the 2022 Terra-LUNA crisis that affected the crypto market. While experts foresee a potential rally in BTC price, Bloomberg Intelligence’s senior…
Amid market uncertainty, Bitcoin (BTC) has been trading within a consolidation pattern in recent weeks. The uncertainty in the cryptocurrency market was heightened as the United States Securities Exchange Commission (SEC) took legal action against Coinbase and Binance, two prominent cryptocurrency exchanges. The SEC alleged that these exchanges listed unregistered securities. Despite the challenging circumstances,…
Terra Classic’s Parity Upgrade Boosts LUNC Price by 8%, Aligns with Terra 2.0 and Cosmos Chains The cryptocurrency world witnesses a major breakthrough as the Terra Classic blockchain successfully implements the groundbreaking v2.1.1 Parity Upgrade. Led by the Joint L1 Task Force (L1TF), this seamless execution results in a remarkable 8% surge in the LUNC…
Puppynet has marked a significant milestone by surpassing 20 million transactions, indicating a favorable setup for SHIB following the launch of Shibarium. The presence of substantial whale activity is evident as a single whale purchased over $10 million worth of SHIB on Tuesday. The Shiba Inu Army is rejoicing over a notable achievement as the…
Bitcoin returns to its familiar trading range, but the price of BTC has yet to surpass the crucial level of $27,000. Bitcoin (BTC) quickly rebounded from $26,850, completely eliminating its losses for the month of June and favoring bullish sentiment as volatility resurfaced. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView BTC price recovers, nullifying…