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…
BTC
Bitcoin (BTC) not out of the woods yet – potential reversal looming
Bitcoin bulls received a shot in the arm as a much better than expected US jobs figure was released on Friday. The $BTC price gained over the weekend as a result. However, technical indicators are signalling the potential for a lot more choppiness to come for Bitcoin. The number one cryptocurrency is not out of the woods yet. Latest jobs report allays recession fears and sparks short term upside for $BTC Fears of an impending U.S. recession may have receded…
8 months ago
Bitcoin Price Fall Increases Buying Momentum, Pushes Exchange BTC Balances To 6-Year Lows
Following a major price decline in Bitcoin (BTC), market sentiment dropped back to strong levels of fear, indicating that investors are becoming increasingly cautious and risk-averse. Despite this trend, on-chain data analytics provider CryptoQuant has revealed a significant increase in BTC buying momentum, resulting in the Bitcoin balances on various exchanges dropping to six-year lows. Bitcoin Reserve On Exchanges Sees Sharp Plunge With ongoing market volatility and the recent decline in Bitcoin, on-chain data has identified a significant shift in…
8 months ago
Do You Know That Bitcoin (BTC) Cannot Change $500 To $1 Million Again? Sign Up For The WallitIQ (WLTQ) Crypto Presale Instead
Bitcoin (BTC) has undeniably revolutionized the world of cryptocurrency, turning early investors into millionaires. However, its golden days of exponential growth are behind us, with its price now soaring to levels out of reach for many aspiring crypto investors. While Bitcoin (BTC) remains a powerhouse, the potential to turn small investments into life-changing sums is far more limited than it once was. Enter WallitIQ (WLTQ)—a rising star in the crypto world, poised to offer the next wave of massive gains…
8 months ago
Husky Inu ($HINU) Presale Soars While Bitcoin ($BTC) and Alts Drop
Investors are rushing over to the Husky Inu ($HINU) presale while Bitcoin ($BTC) and the altcoin market tank. $BTC and $ETH dropped 6% and 10% over the past week. As traditional crypto investments experience significant price loss, Husky Inu’s ($HINU) presale has generated over $430,000 since going live. As the crypto market drops, investors must continually look for alternative investment opportunities, such as Husky Inu ($HINU), to help mitigate the potential uncertainty inherent to the crypto market. Major memecoin projects…
8 months ago
Crypto Price Analysis 10-3 BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, TONCOIN: TON, UNISWAP: UNI, APTOS: APT, OPTIMISM: OP
The cryptocurrency markets continued to drop for the second day in a row, with major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), firmly entrenched in the red. BTC slumped to a low of $60,031 before recovering and is currently trading around the $61,300 mark. ETH also remained bearish and has slipped below $2,400 after registering a drop of almost 4% over the past 24 hours. Other major cryptocurrencies, including Solana (SOL), Ripple (XRP), Dogecoin (DOGE), Toncoin (TON), and Polkadot (DOT),…
8 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…
8 months ago
Analysts Unfazed By Bitcoin (BTC) Drop, But Should We Fear October 5?
Despite the green September close, Bitcoin (BTC) and the rest of the market faced another bloodbath as October started. The flagship crypto saw a 7% decline, fueling a bearish sentiment among investors. However, most analysts remain optimistic about BTC’s performance in the next three months. Is This The ‘Shakeout Before Breakout’? The market began the month of October, popularly known as “Uptober” by the crypto community, with the first shakeout of the quarter, losing 6.5% of its market capitalization. Most…
8 months ago
Analyst Says Bitcoin Is In The ‘Final Test’, Here’s Where The BTC Price Is Headed Next
Bitcoin has seen a retracement from the $66,000 level, but that does not mean that the bullishness of the pioneer cryptocurrency is completely gone. It is currently sitting around 4% below $66,000, which still makes its $63,000 level very attractive for bulls. Although, given the current movement of Bitcoin, the market could see a deeper correction from here that could send its price spiraling below $60,000 once again. Bitcoin Symmetrical Triangle Could Trigger A Retest Crypto analyst Xanrox has presented…
8 months ago
Crypto Price Analysis 10-2 BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, DOGECOIN: DOGE, RIPPLE: XRP, RENDER: RNDR, DOGWIFHAT: WIF
Bitcoin (BTC) fell as low as $60,300 earlier today due to escalating tensions in the Middle East that have spooked the crypto and traditional markets. The world’s largest cryptocurrency is down almost 4% in the past 24 hours following Iran’s attack on Israel. The drop to $60,000 means that BTC has given up almost all the gains made following the Federal Reserve’s announcement of a rate cut. Almost all major cryptocurrencies, including Solana (SOL), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE),…
8 months ago