BTC

The crypto markets slipped into extreme fear over the weekend, with major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), Dogecoin (DOGE), and several others losing considerable ground and dragging the combined crypto market cap below $2 trillion.  BTC tumbled to a low of $52,714 over the weekend, while ETH got dangerously close to slipping below the $2,200 level on Sunday. SOL also dropped to a low of $126 as markets turned bearish after US job market…

Macro indicators are suggesting that Bitcoin ($BTC) is either close to, or has found the bottom for this long correction, as it approaches six months of sideways and downwards price action.  A game of patience For those crypto investors who are new to the world of Bitcoin, the last few months must have been trying in the extreme. Many would perhaps have sold their $BTC position, especially if they had jumped onboard when Bitcoin was near its top of nearly…

In an unexpected twist during Bitcoin’s recent downturn, two tokens—Helium (HNT) and Mpeppe (MPEPE)—have surged in popularity among crypto bulls. These two cryptocurrencies, representing different sectors of the blockchain world, have attracted attention for their growth potential, particularly as Bitcoin’s struggles continue to dominate market sentiment. Helium’s HNT Price Defies the Market with Ecosystem Growth While the broader crypto market has been weighed down by the declines in Bitcoin (BTC) and Ethereum (ETH), Helium (HNT) has managed to defy the…

The post Bitcoin Price Prediction: Top Analyst See BTC Potential Drop to $31,500? Here’s Why appeared first on Coinpedia Fintech News Despite early hopes for a steady price rise with the start of a typically bullish Q4, Bitcoin is struggling to hold its ground, recently dropping to $54,000. Due to its ongoing bearish trend, prominent crypto analyst Ali Martinez has warned that Bitcoin could decline further, potentially dropping to $31,500. Here’s why analysts predict this drop.  Stark Warning: BTC Plunging…

The post Why is Bitcoin (BTC) Price Crashing? Top Reasons Behind the 7% Drop appeared first on Coinpedia Fintech News Bitcoin’s (BTC) price has taken a significant hit, falling by 7% and dropping below $52,900 for the first time in over a month. This sudden decline has raised questions among investors and crypto enthusiasts alike. Several factors have contributed to this sharp drop, and understanding them is crucial for predicting Bitcoin’s next moves. U.S. Job Data Fuels Bitcoin’s Drop One…

On Friday, the cryptocurrency market’s Fear and Greed Index plummeted to “extreme fear,” reflecting growing anxiety among investors as the Bitcoin price dipped to a weekly low of $53,700.  This downturn marks a continuation of a broader sell-off that has plagued the market, particularly since Bitcoin struggled to maintain momentum above the critical $60,000 threshold. Bitcoin Targets $53,000 Amid Bearish Sentiment The steep decline in Bitcoin’s value can be traced back to August’s significant crash, attributed to challenging macroeconomic conditions…

A key long-term price indicator for Bitcoin, the 200-day simple moving average (SMA) appears to be losing its bullish momentum as the US economy added fewer jobs in August 2024. Bitcoin Must Overcome The 200-Day SMA To Reverse Trend The 200-day SMA is considered one of the more reliable long-term indicators to gauge an asset’s upcoming price action. Bitcoin’s 200-day SMA shows a weakening bullish momentum, giving short-term traders little joy. Notably, this is the first time since October 2023…

The cryptocurrency market mirrored the stock market’s downturn on Thursday as traders braced for Friday’s highly anticipated jobs report. As a result, almost all major US stock indices slipped into the red. Bitcoin (BTC) dropped nearly 4% over the past 24 hours, while gold registered a 1% increase to push back above the $2,500 mark.  Almost all cryptocurrencies remain firmly in the red as bears continue to dominate the market. BTC is currently down by 1.39%, while ETH has struggled,…

Bitcoin (BTC) is on the edge of the cliff once again. The last chance saloon of around $55,800 is all that is holding Bitcoin up. If the price falls through this last support, there is nothing to catch it before it falls to $52,000. Is the plunge about to take place? Jobs data out on Friday - 50 basis point rate cut becoming likely? With a nervously awaited non-farm payroll report being released later on Friday, and the U.S. stock…