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
What’s Next For Toncoin (TON) And Notcoin (NOT) As Bullish Sentiment Intensifies?
The post What’s Next For Toncoin (TON) And Notcoin (NOT) As Bullish Sentiment Intensifies? appeared first on Coinpedia Fintech News The crypto market continues displaying a mixed sentiment by constantly recording pump-and-dump-like situations over the past few days. Furthermore, top tokens continue trading below their important levels, suggesting uncertainty in future price action. On the other hand, with the altcoin leader, the Ethereum price hovering below its $2.5K mark, top altcoins have recorded a significant correction in their respective portfolios.…
10 months ago
Solana (SOL) Bounces 30% Amid Market Recovery, Analysts Remain Bullish
Solana (SOL) is leading the crypto market recovery following the massive Monday crash. SOL registered some of the largest gains after reclaiming the $140 support zone on Tuesday morning. Its strength was highlighted by several market watchers, who shared their bullish predictions for the token. However, an analyst warned investors of a key level to watch out. Solana Leads The Market Recovery As the crypto market recovers, Solana saw a massive 30% bounce from its lowest trading price of $110,…
10 months ago
Ethereum Spot ETF Sees $98M Inflow Amid Bullish Market Moves
The post Ethereum Spot ETF Sees $98M Inflow Amid Bullish Market Moves appeared first on Coinpedia Fintech News On August 6th, the Ethereum spot ETF witnessed an impressive net inflow of $98.30 million, signaling a robust confidence in $ETH among investors. The Grayscale ETF ETHE saw an outflow of $39.73 million, suggesting some sell-offs in the market. However, the BlackRock ETF ETHA attracted a significant inflow of $110 million, showcasing bullish sentiment. Additionally, the Fidelity ETF FETH contributed an inflow…
10 months ago
Memecoins Recovers 90% of Yesterday’s Losses: Will PEPE, SHIB & WIF Prices Remain Bullish This Week?
The post Memecoins Recovers 90% of Yesterday’s Losses: Will PEPE, SHIB & WIF Prices Remain Bullish This Week? appeared first on Coinpedia Fintech News After a dreadful start to the week, the bulls are leaving no stone unturned in reviving a strong reversal. No sooner than the Bitcoin price initiated a recovery, the memecoins began to soar extraordinarily. Besides, Pepe & WIF prices appear to have recovered most of their losses, while Shiba Inu prices revived a bullish reversal during…
10 months ago
Attention Traders! Bitcoin May Soon Be Oversold; Bulls Remain Passive—Will August Be a Bullish Month?
The post Attention Traders! Bitcoin May Soon Be Oversold; Bulls Remain Passive—Will August Be a Bullish Month? appeared first on Coinpedia Fintech News The crypto markets are plunging as the Bitcoin price dropped and marked lows close to $60,500 in the early trading hours. This appears to have caused havoc within the markets as the global market capitalisation has dropped below $2.2 trillion. The bears have taken over the rally to a large extent, which exhibits the possibility of a…
10 months ago
Research Firm Predicts Bullish Bitcoin Breakout For Q4: 4 Key Reasons
Matrixport, a digital asset financial services group born from Bitmain, an industry leader in Bitcoin mining, projects a bullish breakout for Bitcoin in the upcoming fourth quarter of 2024. In their latest research report titled “Matrix on Target: Bullish Prospects for Bitcoin in Q4,” the firm provides four reasons to be bullish in the upcoming weeks. #1 Narrowing Trading Range Signals Breakout Matrixport’s analysis begins with a technical assessment of the recent Bitcoin price action. Historically, Q3 has posed significant…
10 months ago
PEPE Bullish Trend Line Under Threat: $0.00000766 Level On Sight?
PEPE, one of the top meme coins in the crypto space, is currently at a crucial point as it approaches its long-standing bullish trend line. As the price draws near the bullish trend line, a break below it could signal a major shift in market sentiment, triggering a price draw down to the $0.00000766 mark. This article provides an in-depth analysis of the current price action, focusing on the bullish trend line. It examines whether a potential break below this…
10 months ago
70% of Binance Traders Long On BTC, Exhibit Bullish Attitude
The post 70% of Binance Traders Long On BTC, Exhibit Bullish Attitude appeared first on Coinpedia Fintech News Traders on Binance are taking advantage of the chance to purchase the decline of Bitcoin. Recent data shows that almost 70% of such traders are long on BTC, demonstrating a very bullish attitude. As of Aug. 1, 2024, 69.3% of accounts had long positions and 30.7% had short positions, according to Binance’s orders distribution. This indicates a long/short ratio of 2.26. Significantly…
10 months ago
Top Meme Coins Crash But Experts Are Still Bullish On These New Crypto Tokens
Large-cap meme coins are facing significant selling pressure as geopolitical tensions in the Middle East flare again. Despite the dovish FOMC meeting on Wednesday, the meme coin market capitalization is down by 5% today on Thursday, data from CoinGecko reveals. Dogwifhat has suffered the worst decline among top meme coins, correcting by over 12% in the past 24 hours. Pepe and Bonk are also approaching double-digit losses today. Smart money investors appear to be pivoting towards low-cap gems, with new meme…
10 months ago