Crash

The price of Bitcoin has crashed again as the German government continues its BTC selling spree. The government has already sold millions of dollars worth of Bitcoin, putting immense pressure on the pioneer cryptocurrency amidst broader market volatility.  German Government Initiates Massive BTC Sell-Off Bitcoin’s consistent price decline has been driven by multiple factors including outflows from Spot Bitcoin ETFs, unfavorable market conditions and Mt Gox’s BTC redistribution plans. Lately, the cryptocurrency’s price has been further pressured by the substantial…

The Bitcoin price is already down more than -22% since the mid-March high over $73,000. While BTC is currently stabilizing above $57,000 following the recent price crash, there could be even more downside ahead if history repeats, according to Jacob Canfield, a trading mentor at the Trading Mastery. Canfield’s latest analysis points to a potential further decline in the Bitcoin price, potentially reaching lows not seen since the beginning of the year. Why Bitcoin Price Could Crash Another 33% Canfield’s…

Crypto analyst @Ripple_Effect11 predicts an imminent XRP price crash in a new technical analysis shared via X. His prediction is underpinned by a bearish breakout from a major triangle pattern that has been forming since the $3.84 all-time high on January 4, 2018. The analysis paints a dark picture for XRP in the coming months, with a potential drop to as low as $0.07, contingent on certain technical events. Why The XRP Price Could Crash To $0.07 Elliott Wave Theory,…

The post Best Crypto To Buy Right Now As Market Crash Bottoms Out  appeared first on Coinpedia Fintech News Meme Coins are making a comeback with a massive jump after the market crash experienced last week, taking the limelight as the best crypto to buy right now. With the Bitcoin price hanging by a thread above the $56,000 level, trading at $57,248, the altcoins are quick to recover.  As Ethereum bounces above $3,000, the altcoin market is heading higher and…

Veteran trader Peter Brandt has raised the possibility of Bitcoin dropping to as low as $44,000. He predicted this could happen based on a technical indicator that paints a bearish outlook for the flagship crypto.  Why Bitcoin Could Drop To $44,000 Brandt predicted in an X (formerly Twitter) post that Bitcoin could drop to as low as $44,000 if the flagship crypto has completed a double top. A double top is a bearish pattern that indicates that BTC could witness…

The entire cryptocurrency market has crashed in direct correlation with Bitcoin’s 11% dump, including the fourth biggest cryptocurrency, Binance Coin. Crypto analysts predict that Binance Coin (BNB) should make a sharp recovery due to its strong fundamentals, though its recent decline has caused trading volume to crash. Meanwhile, Play-To-Earn crypto’s in the GameFi sector, such as Rollblock, are expected to outperform Bitcoin and Binance Coin. Rollblock (RBLK), the pioneering globally recognized Play-to-Earn GambleFi token, bridges the gap between centralized and…

The post Crypto Investment Strategy: Top 5 Best Bet Altcoins Amid Market Crash appeared first on Coinpedia Fintech News In a recent video, analyst Michaël van de Poppe delves into the ongoing crypto crash and why his altcoin strategy failed. All this and much more! Read on.  Understanding the Current Crypto Crash Van de Poppe begins by noting the significant downturn in the crypto market, with altcoins like Arbitrum and Optimism hitting unprecedented lows and Bitcoin dropping to around $54,000,…

Although Bitcoin has reclaimed the $56,000 price level in the past few hours, its sudden drop below $54,000 on July 5 has reminded investors of the intense volatility associated with the market. In the larger timeframe, Bitcoin has been down by 7% and 20.25% in the past seven and thirty days, respectively.  While many crypto traders and analysts are still in the spirit of a bullish cycle in the long term, the sudden price drop wasn’t surprising to some. Notably,…

The crypto market is currently navigating through a turbulent phase, particularly for Ethereum, which has seen a significant downturn of nearly 15% in its value over the past week. Amid this negative price performance, Peter Schiff, a well-known economist and a skeptic of cryptocurrencies, has chosen to add salt to the wounds by projecting a stark prediction for ETH. According to Schiff, Ethereum could plummet to as low as $1,500, marking a substantial decline from its current levels. Shiff’s Bearish…