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…
Crash
Bitcoin Price Crash: $1.83 Billion Makes Its Way To Exchanges, Is A Bloodbath Coming?
Bitcoin is currently hovering above a key support level, and any minor selloff triggered by a group of traders could potentially snowball into a wave of intense selling pressure. This fragile situation is underscored by data from the on-chain analytics firm Santiment, which revealed that over 30,000 BTC, valued at approximately $1.83 billion, has been transferred to crypto exchanges within a short period. Undoubtedly, such a huge amount of BTC entering crypto exchanges is problematic, especially in terms of a…
8 months ago
Bitcoin Price Fails At MA-200, Is A Crash To $52,000 Coming?
Following its brief stint above $66,000, the Bitcoin price fall had put it below multiple important levels. This allowed the bears to thrive as they reclaimed control of the largest cryptocurrency by market cap once again. Even now, as the Bitcoin price looks toward some recovery, the bear camp continue to wax stronger, with a most recent failure to break the MA-200, suggesting that the uptrend may only be temporary and a larger crash could be at play. Why The…
8 months ago
Bitcoin Price Crash To $62,000 Was Led By This Holer Cohort, Data Shows
The Bitcoin price is still recovering from a major dip to $60,000 in the first three days of October. As the bulls and long-term holders continue to capitalize on the dip, analysis of on-chain data has revealed that the selling pressure has been eased massively as the majority of short-term holders have exited the market. Interestingly, these short-term holders are accountable for the drop to $60,000, as the data shows many of them exiting the market during the initial decline,…
8 months ago
Market Crash? These Undervalued Gems Are Set to Defy the Downtrend and Deliver 20x Returns
When the market shakes and prices tumble, certain underrated digital currencies rise to the occasion. This article reveals a selection of overlooked crypto assets poised for significant gains. Despite the downturn, these hidden treasures show signs of impressive potential. Join the journey to uncover which tokens could soar, defying the broader market trend. CYBRO Presale Approaching $3 Million Milestone: A Top Opportunity for Investors CYBRO is a cutting-edge aggregator platform designed to optimize crypto earnings on the Blast blockchain, offering…
8 months ago
Top Trader Signals Cardano (ADA) Crash: Shorts Shift to AI Social Scoring GoodEgg (GEGG) Presale at $0.00021 Amid Price Drop!
As the cryptocurrency market remains volatile, experienced traders are making decisive moves to hedge their positions. Cardano (ADA), once hailed as a competitor to Ethereum, has seen a significant price drop, prompting many traders to short ADA and seek safer alternatives. One such option is the AI-powered dating and social scoring token, GoodEgg (GEGG), which is currently in its presale at $0.00021. With ADA struggling to regain its footing, the question arises: Could GoodEgg (GEGG) be the new growth leader?…
8 months ago
Iran Israel War Fears Crash Memecoins Hype: PEPE and BONK Lose Market Share to Utility Token With 200% Rally
Iran’s attack on the Israeli military bases has escalated tensions between Iran and Israel, adding fuel to the fire of an impending third World War. These tensions have had a massive impact on the crypto landscape, causing a crash in the meme coin rally. The market sentiment has changed from optimism surrounding PEPE and BONK to pessimism taking the lead. On-chain data shows a massive decrease in the market shares of these meme coins, while the emerging DeFi star- DTX…
8 months ago
Analyst Says PEPE Bearish Continuation Is Possible For A 50% Price Crash
The PEPE price could be in trouble from here after failing to maintain its upward momentum. This has led to a restart of the bearish momentum, and this could continue if bulls fail to pull up the price. In the event that bears do win out in this situation and maintain control, the PEPE price could continue to fall. According to crypto analyst Alan Santana, such a development could drive the PEPE price back towards levels not seen since early…
8 months ago
Analyst Says Bitcoin Crash Might Not Be Over, Why $60,365 Is Important
Crypto analyst Ali Martinez has suggested that the Bitcoin crash might not be over despite the relief rally to $61,000. The analyst highlighted the $60,365 price level as being important to avoid a potential crash to as low as $57,000. Bitcoin Needs To Hold Above This Price Level To Avoid Crash Martinez stated in an X post that $60,365 is a key price level to watch for Bitcoin. He claimed a break below this could cause the flagship crypto to…
8 months ago
Bitcoin Starts October In The Red After Crash To $61,000, Is ‘Uptober’ A Myth?
Bitcoin started the month of October on a negative note, deviating from what many investors had expected leading up to the month. Bitcoin, which had been on a notable price increase earlier, started to face setbacks as September ended, leading up to the first 24 hours of October. The first 24 hours of October have been riddled with outflows from the crypto industry. Bitcoin, in particular, fell below $61,000, according to Coinmarketcap, as tensions started to rise in the Middle…
8 months ago