Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
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Ethereum Holders Show Mixed Signals: Are The Big Players Losing Interest?
Ethereum (ETH) holders appear to be adopting varying strategies amid ongoing market uncertainty, latest data from CryptoQuant shows. Particularly, according to a recent analysis by a CryptoQuant analyst under the pseudonym ‘Darkfost,’ a noticeable shift in ETH’s investor behaviour is taking place. So far, larger holders of Ethereum and smaller retail investors are exhibiting signs of inactivity, while mid-sized holders show a measured increase in their holdings. This divergence in strategies among these market participants may provide insight into Ethereum’s…
9 months ago
NEIRO Meme Coin Minting Millionaires, Whales Accumulating: Is This The Start Of The Bull Run?
First Neiro on Ethereum (NEIRO), a meme coin, is one of the top performers this week. Over the last seven days alone, the token has soared over 332X, pushing its total market cap over the $341 million mark–a testament to a token that several weeks back was struggling to break the $100 million level. NEIRO Surging After Binance Listing According to trackers, NEIRO is up 109% over the last day, increasing due to rising trading volume. Technically, the underlying momentum…
9 months ago
Solana (SOL) Could Crash 40% If It Stays Below $140 – Top Analyst Shares Insights
Solana (SOL) faces significant risk as the broader cryptocurrency market rebounds from local lows, yet SOL struggles to break above the crucial $140 resistance level. This underperformance has raised concerns among investors, with many worried about Solana’s inability to keep up with the market’s recent surge. Some analysts are even predicting a deep retrace to its yearly low of around $78 if the price continues to lag. Despite holding relatively well during Bitcoin’s and other altcoins’ earlier crashes, Solana’s current…
9 months ago
Ethereum In 2021 Vs. 2024: Fractal Suggests Major Breakout In Q4
Recent Ethereum price action saw ETH reaching another low of $2,150 on September 6, raising concerns of a more severe drop towards the $2,000 price level. Although these concerns were eased with a subsequent bounce to $2,460 on September 13, Ethereum remains largely in a downtrend, with a triple-bottom price formation now shaping up. Interestingly, this triple bottom formation is not new for Ethereum. As technical analysis points out, the current price action seems to repeat a similar playout in…
9 months ago
Crypto Analyst Says Bitcoin All-Time High Only A Month Away After Breaking $60,000
Bitcoin (BTC) could be gearing up for a new All-Time High (ATH) this year if it breaks through key resistance levels at $60,000. Despite experiencing substantial volatility and price instability over the past few months, analysts express bullish optimism for the cryptocurrency in the coming months. New Bitcoin All-Time High Incoming The Bitcoin price chart is flashing bullish signals as the cryptocurrency is up above $60,000 once again. Earlier this month, Bitcoin jumped over the $60,000 mark but witnessed a…
9 months ago
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BullishSUI Climbs 36% Amid Bullish Breakout – Is $1.50 The Next Target?
SUI has made some gigantic moves recently, posting strong bullish signals. In the last week, SUI registered an impressive 33% rally, pushing the price up to $1.18 at press time. This is getting people wondering whether the token is preparing for a longer ascent, as many are waiting for key levels that might influence the situation. Price forecast for the altcoin predicts significant increase in the next few months. A strong upswing could propel the SUI to soar by 245%…
9 months ago
BREAKING: Fed Cuts Rates—Bitcoin And Markets React With A Bang
The long-awaited day has arrived: the US Federal Reserve (Fed) has announced its decision to cut interest rates, with significant implications for both Bitcoin (BTC) and the broader cryptocurrency market. Following the announcement, the markets reacted with notable volatility. Bullish Outlook For Bitcoin Just moments ago, the Fed disclosed its decision to reduce the federal funds rate by 0.50 percentage points (bps) for the first time in four years, marking a pivotal shift since the onset of the COVID-19 pandemic. …
9 months ago
Dogecoin Miners In Accumulation Mode, But Is This Really Bullish?
On-chain data shows the Dogecoin miners have been accumulating recently. Here’s what this could mean for the memecoin, based on past pattern. Dogecoin Miner Supply Has Been Going Up For A While Now In a new insight post, the on-chain analytics firm Santiment has talked about the role of the miners in the different cryptocurrency markets like Bitcoin and Dogecoin. The indicator of interest here is the “Supply held by Miners,” which, as its name suggests, keeps track of the…
9 months ago
What’s Behind Stellar’s (XLM) Decline? Whales Dump XLM for New Solana Dog-Themed Meme Token Set to Soar From $0.0004 to $4
Stellar's recent dip is stirring curiosity as large holders shift their focus to a new, promising dog-themed meme token on the Solana network. The move signals potential growth for this emerging cryptocurrency, which intriguingly aims to rise from a mere $0.0004 to $4. The dynamics behind this transition hint at strategic opportunities in the ever-evolving crypto landscape. Stellar (XLM): Enhancing Global Financial Connectivity Stellar (XLM) is a decentralized payments network that started in 2014. It uses blockchain technology to enable…
9 months ago