After a strong 3.7% of green 4-hour engulfing candle, Bitcoin (BTC) once again reached its crucial level near $62,000. However, this is the fifth time BTC has reached this level in the last 15 days, and each time it has faced massive selling pressure, resulting in a significant drop in BTC’s value Bitcoin’s Upcoming Levels…
Mike McGlone, senior commodity strategist at Bloomberg Intelligence, joined David Lin for a discussion about Bitcoin. Mike said that in the current financial crisis and with quantitative easing, Bitcoin has been leading risk assets, driving markets to new highs earlier this year. He suggests that Bitcoin may also be leading the market downturn, as it…
On August 21, 2024, the defunct and oldest crypto exchange, Mt. Gox, moved a significant over 14,530 Bitcoin (BTC) worth $860 million in the last 24 hours, as the on-chain analytic firm Spotonchain reported. Following these transactions, the overall cryptocurrency market experienced massive selling pressure. Mt. Gox $860 Million BTC Transfer With the recent transfer,…
Bitcoin is once again encountering resistance at a crucial level. Despite this, the price is maintaining its support on shorter timeframes, specifically the 2-hour chart, where Bitcoin has managed to hold above a key support level. This support has prevented a major breakdown, even after the market saw significant liquidations. According to analyst Josh of…
Today, Matic Network (MATIC) has gained everyone’s attention due to its significant price surge and recent bullish breakout. However, MATIC’s bullish outlook comes at a time when top cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH), have been struggling to gain momentum. Bullish Breakout in MATIC This bullish breakout comes after months of continuous downside momentum…
Over the past few days, top cryptocurrencies such as Bitcoin, Ethereum Solana, and others have constantly failed to build momentum. This has resulted in them recording a constant dump in their respective portfolios. However, mid-cap altcoins are gaining momentum by recording a massive uptrend over the past few days. Notably, many mid-cap tokens have recorded…
The post Solana ETF Approval In Brazil: A Turning Point for SOL Price? appeared first on Coinpedia Fintech News The Brazilian Securities and Exchange Commission (CVM) has approved a second Solana ETF, expanding crypto investment options in the country, according to CVC data. This new ETF is set to be offered by Hashdex, a prominent…
In the past few days, Tron (TRX) has been consistently gaining significant attention from the crypto community due to its super-hit performance. On August 21, 2024, Tron’s open interest once again skyrocketed by over 56% in the last 24 hours, signaling immense interest from investors and traders. Tron Open Interest Jump by 56% According to…
In this ongoing struggling cryptocurrency market, Solana-based dogwifhat (WIF) is making waves due to its impressive performance and recent breakout. On August 21, 2024, WIF gained a massive price surge of over 10% in the last 24 hours and caused a strong bullish breakout. Breakout in Dogwifhat (WIF) Since July 22, 2024, WIF has been…
In this extremely volatile cryptocurrency market, on August 20, 2024, a Solana whale was found dumping a notable 20,000 tokens worth $2.9 million to OKX and Binance, as reported by Lookonchain. According to a post on X (formerly Twitter), the whale dumped 10,000 SOL worth $1.45 million to OKX and another 10,000 SOL worth $1.45…
With the price of Bitcoin reclaiming the $61,000 level, the crypto market has recorded a strong bullish recovery over the past day. Moreover, the Memecoin category has added $2.17 Billion in market cap. This contributes to 3.38% of the total inflow of the past day. Planning on investing in memecoins, but concerned about its future…
Amid increased price volatility, the cryptocurrency market has continued displaying a mixed price action over the past few days. However, the market leader, Bitcoin price has successfully reclaimed its $61K level, indicating a strong bullish sentiment in the crypto space. Following this, Polygon and Gala’s tokens have successfully regained momentum after trading under a bearish…
The crypto industry’s market cap rose from $2.075 T to over $2.14 T in the past 24 hours, registering a surge of 4.89%. With this, Bitcoin has reclaimed its $61,000 mark, by adding gains of 4.13%. Following suit, Ethereum’s price has shown a similar trend, adding 2.76% to its portfolio with a trading volume of…
In the recent crypto market crash, the top altcoins registered a massive intraday drop, signaling a FUD run. However, the XRP price showed a significantly lesser drop and a lower price rejection, hinting the altcoin is ready for a bounceback. Will the XRP price remain unaffected by the broader market sellout and heat to the…
Bitcoin price surpassed the $60K level yet again in the last 24 hours. The cryptocurrency’s daily trading volume surged 48.31% according to CMC data. The cryptocurrency sector has fallen short of analysts’ predictions since July. Market analysts expected the H1 bullish momentum to sustain in the second half and propel prices further. However, the crypto…
The Bitcoin price is again attempting to regain certain levels, which is expected to revive a strong ascending trend. In the short term, strong bullish action occurred in the early trading hours, which pushed the levels close to $61,000. In the event of a bullish breakout beyond the upper resistance, the probability of a pullback…
Recovering from a minor slump below the $60,000 critical mark, Bitcoin is back with the hype of rate cuts resurfacing. Concluding the bearish sprint and extending the prevailing uptrend, the BTC price exceeds the $61,000 level as the bullish engines heat up. So, are you considering buying Bitcoin as the bulls resurface? More importantly, will…
Wendy O, a YouTuber, and a crypto expert issued a critical warning for Bitcoin investors: the Japanese Yen’s recent strengthening could destabilize crypto markets again. This follows a similar impact earlier when Japan’s interest rate changes led to significant market volatility. WendyO delves into how the Yen’s performance, having recently strengthened by 2.4% against the…
Popular analyst and Founder of Into The Cryptoverse, Benjamin Cowen, joined David Lin for a discussion about Bitcoin and it’s currency cycle. Cowen believes Bitcoin dominance might peak when the Fed cuts rates and shifts from quantitative tightening to easing. Historically, Bitcoin’s current behavior mirrors what happened in 2019, where it diverged from the NASDAQ…
Crypto markets are trying to overcome the recent losses that occurred during the past week, which compelled the tokens to remain consolidated. Meanwhile, the bulls seem to have gained back their strength, due to which the Bitcoin price has reclaimed $60,000 with enough buying pressure. Every bullish move has attracted bearish activity, while the absence…
Bitcoin (BTC) price closely followed Asia’s Nikkei 225 in a bullish recovery on Tuesday. The flagship coin pumped over 3 percent in the past 24 hours to trade about $60.5k on Tuesday during the early Asian session. As a result, almost the entire crypto industry followed the same path, led by Binance Coin (BNB), Ripple-backed…
In the cryptocurrency landscape, the majority of top cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH) are continuously declining due to the current bearish market sentiment. Amid this downturn, Tron (TRX) is making waves with its impressive performance in recent days and also outshines Cardano (ADA). Tron (TRX) Surpasses Cardano (ADA) Despite other cryptocurrencies struggling, TRX…
Amid this ongoing market downturn, recently Ethereum (ETH) is gaining significant attention from the crypto community. On August 19, 2024, the on-chain security analytic firm Kaiko made a post on X (previously Twitter) stating that Ethereum’s gas fees have made a five-year record low. Ethereum’s Gas Fees Hit Five-Year Lows According to Kaiko, this record…
The Bitcoin price has continued hovering close to its $58,000 mark for a brief period, indicating a weak bullish sentiment for the star crypto in the market. On the other hand, the top BRC-20 tokens displayed similar price actions by recording significant corrections in their respective portfolios. This highlights that these altcoins are influenced by…
Despite increased bearish sentiment in the cryptocurrency market, the Ripple price has displayed a positive price action by recording a constant uptrend in its price chart. Notably, it has successfully held its value above the support level of $0.560, highlighting increased bullish action. Dive in as, in this article, we have covered the market sentiments,…
Bitcoin faced another minor pull which caused the price to drop below $58,000 for a while but the bulls continue to remain vigilant Besides, the token displays the possibility of initiating a huge upswing which may trigger the bull run in the coming days The Bitcoin price remained more or less still during the weekend…
The altcoin industry, led by Ethereum (ETH) and Solana (SOL), has significantly impacted the recent market crash fueled by major global stock indexes. Since early March this year, the altcoin’s market cap has slipped from around $1.27 trillion to around $866 billion on Monday. Despite the jubilant reaction to the approval of spot Ethereum ETFs…
The Cardano price rally demonstrates a similar price action as it did throughout the 2022 bear market. The bears seem to be poised to mark the bottom of the rally, which may shift back the focus of the market participants. However, the bottoms appear to be extending finely, which revives the possibility of slipping below…
When will Bitcoin go up? When will the market start moving instead of just chopping around? Analyst Crypto Banter decided to put an end to these questions and revealed five market catalysts that could send Bitcoin back into a major bull run. Catalyst One: The first catalyst is the upcoming election. While elections often bring…
Bitcoin’s (BTC) price closed last week in an indecisive spinning top candlestick after being rejected several times for around $60k. However, the flagship coin has continued to defend the support level around $58k, which could be a basis for the long-term bullish sentiment. Furthermore, since early March this year, Bitcoin’s price has formed a potential…
Despite the top names like Bitcoin and Ethereum struggling for a bounce back, the altcoins are back in action. Amid the top performers, the DyDx price trend teases a breakout run for a high-momentum bull run worthy of igniting FOMO among traders. So, will this breakout rally in DyDx account for a FOMO-worthy 10x gain…
In a surprising shift in the crypto market at the start of this week, the meme coins are not a part of the recovery rally. With the top meme coins struggling to lift in the broader market rising tide, the DeFi tokens capitalize on the move. As the top DeFi tokens gain momentum, here are…
With a bullish trend in the altcoins market, the ETH/BTC pair has experienced a 2.41% rise in the last 24 hours. The stronger Ethereum grows against Bitcoin, the more likely an altcoin season will occur. Amid the altcoins, the Metaverse tokens like GALA and MANA witness a recovery run, teasing a trend reversal. Will these…
While Bitcoin’s stuck at $58,500, the telegram-based Toncoin and Notcoin witnessed a massive demand surge overnight. With close to double-digit gains, the TON and NOT prices are teasing a bullish rally ahead this week. Will these top altcoins remain top performers this week? Will The Altcoin $TON Price Surpass $8? The 4-hour chart shows a…
Amid the ongoing challenges in the cryptocurrency landscape, an analyst has shared a bullish outlook for Shiba Inu (SHIB). In a post on X (previously Twitter), the analyst noted that SHIB is on the verge of breaking out of a massive bullish falling wedge price action pattern on a daily time frame. Shiba Inu Near…
On August 18, 2024, Binance’s native token BNB gained significant attention from investors and traders due to a notable price surge in this ongoing struggling market. According to a coinmarketcap, BNB has seen a price surge of over 5% in the last 24 hours. BNB Outperformed BTC and ETH With this significant price surge, it…
The altcoin leader, Ethereum price continues hovering close to its $2,500 level, indicating weak buying and selling pressure for this crypto token in the market. Notably, it is presently trading with a price tag of $2,584.36 and has a market cap of approximately $305 Billion. On the other hand, lesser-known ETH-based altcoins have gained significant…
After trading under a bearish sentiment for a brief period, the cryptocurrency market has recorded a bullish recovery over the past day. Moreover, the market is currently valued at $2.11 Trillion with a 24-hour jump of 1.48%. Following this, mid-cap and low-cap altcoins have gained attention from the crypto space. This has resulted in them…