Crash

A popular Bitcoin analyst has suggested a key breakout point for Bitcoin amidst a bearish market price action. While Bitcoin’s price has been experiencing a downward trend, dynamics and movements over the past few months have established several significant price levels. These levels might offer traders valuable insights into Bitcoin’s potential future actions. The $65,000 price mark is one such level, and according to a crypto analyst, a break above it should eventually trigger serious FOMO among market participants. Break…

Polymarket is recording heightened activity as traders display increasing interest in prevailing market conditions. Participants are betting thousands of dollars in a bold attempt to predict the market. While the platform’s impartiality has been questioned, especially regarding showing market sentiment, its role in driving crypto adoption cannot be ignored. Polymarket Traders Bet Big According to Dune Analytics, Polymarket has seen a significant increase in daily volume and active traders as participants try to predict market outcomes. These metrics have been steadily…

The post Justin Sun-Linked Wallet Buys $38M of Ethereum Amid Price Crash appeared first on Coinpedia Fintech News After a huge crash across the cryptocurrency market, top assets such as Bitcoin (BTC) and Ethereum (ETH) are looks recovering. This potential recovery is due to the investor’s interest as they continue buying the dip. Today on August 5, 2024, local blockchain media made a post on X (previously Twitter) that a wallet address “0x5ac” linked to the founder of HTX and…

The post Global Market Crash: Robinhood Halts Trading For 24 Hours! appeared first on Coinpedia Fintech News Not just crypto but the Global Stock markets are plunging.  Robinhood created waves in bearish crypto waters by hauling their 24 hour trading. This splits the community into two types of believers. There are some who are appreciating this move and the other who are calling it market manipulation. Let’s explore what exactly happened and what community is feeling. Robinhood’s Response to Market…

The post Peter Schiff Slams Bitcoin: Price Crash Proves It Can’t Be a Reserve Asset! appeared first on Coinpedia Fintech News The start of the week has seen bloodshed in the crypto market with the largest crypto by market cap Bitcoin (BTC) has seen it’s price plunging by almost 20% to $50K. Peter Schiff, a well-known economist, and Bitcoin critic has weighed in on the situation, arguing that Bitcoin’s recent performance underscores why it will never be adopted as a…

The Relative Strength Index (RSI) is an important indicator for any cryptocurrency, and Bitcoin is no different. Given that the pioneer cryptocurrency has been around the longest, the abundance of data makes it possible to use this indicator in an attempt to pinpoint where the price might be headed next. This time around, the indicator is turning bearish, which means that the Bitcoin price could be headed toward further decline from here. Analyst Says RSI Is Turning Bearish For Bitcoin…

The post Top 10 Crypto Investment Strategies During Crypto Market Crash appeared first on Coinpedia Fintech News It should be noted that cryptocurrencies denote a very high level of risk, characterized by extreme variations in price. Market crashes, while are considered dangerous, are actually inherent to this environment. Nevertheless, the right strategies provide means for the safety of investments and future development. Below are some useful strategies that you can employ in a crypto market crash situation. 1. Avoid using…

The post Will The Crypto Market Recover As Bitcoin Hits $50K? Or More Crash On Horizon? appeared first on Coinpedia Fintech News The Bank of Japan’s rate hikes led to a global market sell-off by affecting the profits of carry-forward traders. With the increased rates of overborrowing, investors closed their existing positions in risky instruments to pay off their debts. Amidst such volatility, Bitcoin and altcoins take a massive hit as the crypto market flow is highly dependent on international…

The post These Altcoins can see Quick Recovery After Crypto Crash appeared first on Coinpedia Fintech News As the crypto market crash continues and warns of an intense correction ahead, the altcoins are losing the bullish grip over multiple support levels. This increases the market liquidation numbers and the overall FUD in the market.  Although the crash will continue to fluctuate with the global markets, some altcoins are bound to swin against the sea. With minor recovery in Bitcoin, we…