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…
Bullish
Is the Bullish Divergence on Ethereum Still Alive? Here’s What the ETH Price Rally Indicates
The post Is the Bullish Divergence on Ethereum Still Alive? Here’s What the ETH Price Rally Indicates appeared first on Coinpedia Fintech News While the markets were stuck within a bearish range, Ethereum’s price maintained a notable ascending trend, along the ascending trend line as a support. The price was trading within a rising wedge, which was expected to drop to some extent after a breakout from the apex. Now the question arises whether the ETH price reclaims the crucial…
9 months ago
Bullish Trend To Come As Internet Computer (ICP) Eyes $11 Investors Decide To Use Profits On MPEPE
The cryptocurrency market is showing signs of a bullish trend, particularly for Internet Computer (ICP), which is eyeing a significant price milestone of $11. As the market anticipates this upward movement, savvy investors are already planning their next moves, with many deciding to reinvest their profits into Mpeppe (MPEPE), a promising new token that’s quickly gaining traction. Here’s a look at what’s driving Internet Computer (ICP)’s potential surge and why Mpeppe (MPEPE) is becoming the go-to choice for investors looking…
9 months ago
Ethereum Foundation Sends 35K ETH To Kraken, Analyst Firm Believes This Could Be Massively Bullish for Altcoins
In a recent move that has sparked significant interest and speculation in the crypto world, the Ethereum Foundation transferred 35,000 ETH to Kraken on August 23. This transaction has fueled discussions among analysts and investors, who are now pondering its potential impact on Ethereum and the broader altcoin market if the ETH were to be sold. With the Ethereum Foundation's history of strategic sales and market timing, many believe that this move could signal a major bullish trend for Ethereum…
9 months ago
Mpeppe Token Gains Traction Amidst Solana’s Bullish Sentiment
As Solana (SOL) continues to solidify its position in the cryptocurrency market, the excitement surrounding the blockchain is spilling over into other promising projects, particularly Mpeppe (MPEPE). With nearly 87% of MPEPE tokens already sold in the current stage, it’s clear that investors are taking notice of the potential this casino token holds, especially as Solana’s market position strengthens. Solana’s Ascendancy: A New Challenger to Ethereum In recent months, Solana (SOL) has rapidly gained ground, challenging Ethereum’s dominance in the…
9 months ago
Ethereum Price Stages a Comeback, But Lacks the Bullish Punch
Ethereum price started a recovery wave from the $2,400 zone. ETH is now struggling to gain pace for a move above the $2,600 resistance zone. Ethereum started a recovery wave above $2,500 and $2,550. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above $2,485 to start another increase…
9 months ago
Bullish Bitcoin News? US Federal Reserve Set To Implement Three Rate Cuts This Year
As global economic uncertainty looms, Bitcoin (BTC) has experienced increased volatility and is struggling to maintain its footing above critical resistance levels lost over the past month. The largest cryptocurrency on the market remains in a precarious position, but emerging signs could bode well for the BTC price and the broader crypto ecosystem. Fed’s Rate Cuts Signal Hope For Bitcoin Price Recovery One promising development is the possibility of further interest rate cuts by the US Federal Reserve (Fed) later…
9 months ago
Cardano Price Prediction: Is the Bullish Breakout Fading? Can ADA Still Reclaim $0.45?
The post Cardano Price Prediction: Is the Bullish Breakout Fading? Can ADA Still Reclaim $0.45? appeared first on Coinpedia Fintech News Cardano’s ADA hit a 10-month low of $0.279 this month, a tough drop for anyone holding since March. But here’s the silver lining: ADA has bounced back to around $0.37. Though it’s still down from four weeks ago, this recovery has sparked some renewed interest. Cardano’s upcoming Chang Hard Fork could be a game-changer. This upgrade aims to introduce…
9 months ago
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BullishMEET48 GIPR2 Idols preformed at Fantasy Bullish Night with Steve Aoki, and ignited the WebX 2024 on August 28-29
Tokyo, Japan, August 29th, 2024, Chainwire On the evening of August 27, MEET48, in collaboration with partners such as Line Next, hosted the official opening party of Japan’s WebX, the Fantasy Bullish Night. The event featured the Top 7 idols from MEET48 GIPR2 voting activity (members of the SNH48 Group) performing on stage with the legendary DJ Steve Aoki, setting the venue ablaze with energy. Hundreds of fans eagerly awaited the appearance of MEET48 idols After the MEET48 GIPR2 Top…
9 months ago
Retail Traders are Shorting BTC Again: Should you be Bullish or Bearish on Bitcoin?
The post Retail Traders are Shorting BTC Again: Should you be Bullish or Bearish on Bitcoin? appeared first on Coinpedia Fintech News The Bitcoin price has become largely volatile ever since the crypto markets and the global financial markets suffered after the Japan market crash. The Bulls are trying hard to reclaim the lost levels, while the Bears are leaving no stone unturned to keep the rally within a restricted range. Meanwhile, the BTC price is displaying the possibility of…
9 months ago