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…
News Feed
What’s Holding Bitcoin Back? Analyst Says $71,000 Is The Magic Number
Veteran trader Peter Brandt believes that the recent rally of Bitcoin still isn’t enough to flip the long-term bearish trend. While BTC did have a brief surge, he insists it hasn’t reached the levels needed to confirm a bullish reversal. Bitcoin needs to break $71,000 first and then confirm that, says Brandt. And while he claims this, other market analysts such as Jesse Colombo and Roman warn that geopolitical tensions and market patterns might bring BTC down even further. QCP…
9 months ago
BNB Chain-Backed Alltoscan is Launching WATS Wallet, Bringing All Crypto Traders on a Single Platform
Alltoscan, a rapidly growing name in decentralized finance (DeFi), is gearing up to launch its highly anticipated WATS Wallet. Supported by major industry players such as BNB Chain and DWF Labs, Alltoscan’s new wallet is designed to bring together crypto traders from around the world on a single, seamless platform. This milestone release is expected to reshape how traders conduct cross-chain transactions, offering advanced features that enhance efficiency and convenience. WATS is a dApp that crypto traders can easily use…
9 months ago
Crypto Market’s “Shallow Sell-Off” Indicative Of Strong Bid For Risk Assets: Trading Firm
Crypto trading firm QCP Capital says the “shallow sell-off” in crypto markets following Iran’s recent attack on Israel indicates healthy market demand for risk-on assets. Crypto Market Remains Well Bid For Risk Assets Despite Iran launching over 180 missiles toward Israel yesterday, the sell-off in traditional financial (TradFi) assets was relatively muted. The S&P 500 closed 1% lower, while U.S. benchmark West Texas Intermediate (WTI) oil prices rose 2%. In contrast, the digital assets market was hit relatively harder, with…
9 months ago
Tags
CryptocurrencyTags
CryptocurrencyWhich Cheap Cryptocurrency Under $1 Should You Buy to Turn $250 into $25,000 by 2025?
What if we say that the next cryptocurrency superstar is less than a dollar today? It might sound too good to be true, yet the cryptocurrency realm has a pattern of bringing great returns on cheap cryptocurrencies. To take advantage of the upcoming boom in cryptocurrencies with minimal spending, one should look for cheap currencies that are not very expensive. Rexas Finance (RXS) is such a crypto asset it is causing quite a stir in the market for it has…
9 months ago
Why Experts Recommend $1,000 in Rexas Finance (RXS) Over Solana (SOL) and Ripple (XRP) for the Next Bull Run
As the 2024 crypto bull run approaches, experts are advising investors to look beyond the usual picks like Solana (SOL) and Ripple (XRP). Rexas Finance (RXS), a newer player in the crypto market, is fast gaining momentum due to its unique approach to asset tokenization, particularly in real-world industries like real estate and gold. This ERC-20 token is already making waves, and with its accessible presale and groundbreaking technology, RXS offers significant potential for both seasoned and new investors. Rexas…
9 months ago
This Altcoin Under $0.08 Is the Next Cardano, Forecasts Early ADA Investor
Rexas Finance (RXS) is gaining significant attention in the crypto market, with early adopters comparing it to Cardano (ADA) in its early stages. Cardano has already proven itself as a major player in blockchain technology, offering efficient decentralized applications. Rexas Finance is following a similar path by offering asset tokenization, which simplifies investment in real-world assets through blockchain technology. Cardano's rise has shown that early investments in undervalued cryptocurrencies can pay off. Now, with RXS in the spotlight, many are…
9 months ago
Tags
CryptoTags
CryptoMemecoins hit hard by latest crypto reversal
With Bitcoin bulls fighting hard to keep the $BTC price above the $60,000 horizontal level, and the rest of the cryptocurrencies foundering, The memecoins, probably the furthest out on the risk curve, are being hit even harder. $PEPE, $WIF, and $BONK, are feeling the pain. $PEPE falls heavily, but higher low looks likely Source: TradingView The $PEPE (PEPE/USD) weekly chart shows a strong rejection from the 0.5 Fibonacci level at $0.00000115, and the price has been falling heavily since then.…
9 months ago
Bybit Brings Crypto-Native Investors Closer to Traditional Markets by Trading Global Indices with USDT
Dubai, United Arab Emirates, October 3rd, 2024, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has further enhanced its MetaTrader 5 (MT5) platform with the introduction of indices trading. This new feature allows Bybit users access to global markets, including key benchmarks in Hong Kong and China. Bybit MT5 allows crypto investors to use USDT directly to trade traditional assets, such as commodities, forex and now major indices, in the format of CFDs. This innovation opens doors for native…
9 months ago
Bitcoin (BTC) adrift in a sea of geopolitical and economic uncertainty
The Bitcoin price is continually being buffeted, as tensions in the Middle East rise once again. With the Israeli response still to come, after Tuesday’s Iranian missile barrage into Israel’s territory, there could be more rough seas to come for Bitcoin. Uncertainties beset Bitcoin Since an upping of the ante in the Middle Eastern conflict, and the Israeli incursion into Lebanon, the Bitcoin price suffered a nearly 10% reversal. With possible further escalations to come, it is to be wondered…
9 months ago