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
Solana Hits $170, Bullish Channel Formation Indicates Possible Rally
The cryptocurrency market has witnessed significant fluctuation, with Solana (SOL) experiencing a notable retracement to $170.27, creating a bullish channel in the process. This recent market behavior happens after a period of a potential rally that has previously pushed the price of SOL above the $170.27 level. As the price of this digital asset continues to trend within the channel, the question remains whether bulls will regain control and push the price above the bullish channel or will the bears…
11 months ago
Shiba Inu’s 11% Dip In 7 Days Has Made Investors Bullish With Mpeppe (MPEPE)
The cryptocurrency market remains as volatile as ever, with new projects emerging and old favorites facing challenges. Recently, Shiba Inu (SHIB) has experienced a notable downturn, leading many investors to seek alternatives. One such alternative that has gained significant attention is Mpeppe (MPEPE). Let's explore why Shiba Inu's recent dip has turned investor interest towards Mpeppe and what makes Mpeppe a promising investment. Mpeppe (MPEPE) Presale Success Mpeppe (MPEPE) is currently in Stage 2 of its presale, trading at $0.00107…
11 months ago
Bullish on Bitcoin: Glassnode’s Latest Indicators Point to ‘Growing Optimism’
As Bitcoin approaches a decade and a half years of flawless service, it becomes increasingly difficult not to accept its technical stability. Though it may be a technical accomplishment, this strength made Bitcoin different from many centralized systems, which can suffer outages and downtimes. Just last week, the global IT outage sparked by CrowdStrike revealed again how vulnerable centralized financial systems can be across sectors. On the contrary, Bitcoin has long functioned unabated and displayed extreme financial strength during growth…
11 months ago
Mark Cuban Says Silicon Valley Supports Trump Because of Crypto Stance; Experts Bullish On DeFi Coins
The post Mark Cuban Says Silicon Valley Supports Trump Because of Crypto Stance; Experts Bullish On DeFi Coins appeared first on Coinpedia Fintech News According to Mark Cuban, Silicon Valley’s support of Donald Trump is due to Bitcoin. This has provoked much discussion among people who work with digital money. In light of this, whales are accumulating different DeFi tokens because they expect them to bring in huge profits. Therefore, we are going to look at five DeFi tokens –…
11 months ago
Here Are 5 Reasons To Be Bullish On Bitcoin, Analyst Says
Market analyst and Bitcoin (BTC) maxi Fred Kreuger has revealed five top reasons investors should purchase the premier cryptocurrency. In a video post on X on Saturday, Kreuger described Bitcoin as a favorable short-term and mid-term investment, backing the asset to remain profitable over the next 12 months. The price of Bitcoin has recently returned above $67,000 following a 0.58% increase in the last day. This slight gain allows the crypto market leader to maintain its positive performance over the…
11 months ago
What’s Next For The Top 5 Cryptocurrencies As Bullish Sentiments Intensifies?
The post What’s Next For The Top 5 Cryptocurrencies As Bullish Sentiments Intensifies? appeared first on Coinpedia Fintech News The crypto market has recorded a strong bullish recovery after recording a bearish price action for the past 2 days. Positively, the market leader, Bitcoin price has successfully regained the $66K mark, highlighting increased positive influence in the crypto space. Following this, the top altcoins have experienced a similar price action by recording a significant uptrend in their respective portfolios. With…
11 months ago
Solana Sets Sights On $175 Resistance As Bullish Momentum Builds
Lately, the price of Solana (SOL) has been demonstrating bullish resilience and gaining significant growth above its bearish trendline. Market participants are closely watching this current price action with the $175 resistance acting as a pivotal point, and a break above it could set the stage for a potential rally that might propel the crypto asset towards the $175 mark. As bullish sentiment around SOL continues to build, this article seeks to analyze its current price movements above the bearish…
11 months ago
Bitcoin Marches Towards $70k: Bullish And Bearish Arguments Explained
The post Bitcoin Marches Towards $70k: Bullish And Bearish Arguments Explained appeared first on Coinpedia Fintech News Bitcoin is rebounding from a crucial support level, maintaining its long-term bullish trend. While Bitcoin remains in a larger bull market, ETFs are also making a mark with inflows. On Thursday, there was an inflow into spot Bitcoin ETFs, totaling nearly $85 million, which is an increase from the $53 million seen on Wednesday. However, these figures are still lower compared to the…
11 months ago
Bitcoin Forming A Signal That’s Usually “Very Bullish,” Analyst Says
An analyst has pointed out how Bitcoin is back above the cost basis of the short-term holders, a sign that can be bullish for the asset. Bitcoin Is Back Above The Realized Price Of Short-Term Holders As explained by CryptoQuant community manager Maartunn in a new post on X, BTC has reclaimed the Realized Price of the short-term holders. The “Realized Price” here refers to an indicator that, in short, keeps track of the average cost basis of the investors…
11 months ago