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
Crypto Market Crash: These Altcoins Are Outperforming Bitcoin
The post Crypto Market Crash: These Altcoins Are Outperforming Bitcoin appeared first on Coinpedia Fintech News On Crypto Banter’s The Sniper Trading Show, the analyst opened up about the short-term outlook for Bitcoin. He said that the coin may aim for the $62,000 to $63,000 range, and any break above $62,000 could push it towards $65,000. Closing above these levels this week would be a strong sign. However, there’s also a chance Bitcoin might retest its recent lows, potentially dropping…
12 months ago
Pundit Is Undeterred By The Solana Price Crash, Says Price Is Headed For $1,000
The Solana bearish price action might be coming to a close, as many cryptocurrencies have started to show mixed price action in the past 24 hours. Dialing the price action further back shows Solana has been mostly bearish and has been on a price decline since the beginning of the month. Notably, the crypto recently reached a 30-day low of $123.96, representing a 29% decline from a monthly high of $174.65. However, some proponents remain undeterred and are still looking…
12 months ago
Crypto Research Firm Says Bitcoin Crash Below $60,000 May Not Be The End, Here’s Why
Bitcoin dropped to as low as $60,000 in the last 24 hours, and although the flagship crypto has reclaimed that level, crypto research firm 10x Research predicts that BTC can still go lower soon enough. The firm also outlined several factors that support this bearish outlook. Bitcoin Could Drop To As Low As $50,000 10x Research’s lead analyst Markus Thielen mentioned in the report that Bitcoin could drop to as low as $50,000. He highlighted a topping formation for the…
12 months ago
Analysts Battle Over Cardano’s Next Move: 12,000% Rally Or 50% Crash?
Crypto analysts have given varying opinions on the Cardano (ADA) future trajectory. One analyst predicts that the crypto token could enjoy an unprecedented price rally. On the other hand, another analyst holds a bearish view and predicts that Cardano could experience a significant price crash. Cardano To Enjoy A 12,000% Rally In a post on Tradingview, crypto analyst Fiery Trading raised the possibility of Cardano rising to as high as $40 and even higher. The analyst highlighted a parallel channel…
12 months ago
Crypto Market Crash: How Low Can ADA Drop for Discounted Accumulation and Gains?
The post Crypto Market Crash: How Low Can ADA Drop for Discounted Accumulation and Gains? appeared first on Coinpedia Fintech News Bitcoin’s price is currently below $62k, entering a dangerous territory. However, Cardano (ADA) has surged 2% in the last 24 hours. Bitcoin is managing to stabilize over the past day while most altcoins are attempting to recover. The cryptocurrency market is predominantly in the red today, with most coins making recovery efforts. Despite ADA’s price dip, sentiment around Cardano…
12 months ago
Solana Price Braces For Potential Crash Below $100 Amid Investigation Rumors
The Solana price has experienced a sharp decline over the past month in line with the broader market correction, intensifying concerns as rumors of a potential investigation into the popular blockchain platform have recently surfaced. Regulatory Storm Brewing? In a social media post on X (formerly Twitter), market expert Crypto Bitlord, who has a considerable following of over 300,000 people, hinted at a rumored investigation into Solana. The post read: We are hearing rumors that SOL is under investigation and…
12 months ago
Bitcoin Whales Switching To Risk-Off Mode After $61,000 Crash
On-chain data shows the Bitcoin whales have been dialing back risk on derivatives exchanges following the latest downturn in the cryptocurrency. Bitcoin Inter-Exchange Flow Pulse Has Just Turned Red As explained by CryptoQuant founder and CEO Ki Young Ju in a new post on X, the Bitcoin Inter-Exchange Flow Pulse is now giving a red signal. The Inter-Exchange Flow Pulse (IFP) is an indicator that tracks the BTC movements between spot and derivatives exchanges. When the value of this metric…
12 months ago
Dogwifhat Faces Sharp Decline, Exits Top 50 Crypto List After 38% Crash
Dogwifhat (WIF) has come under intense bearish pressure, which has led to the loss of its top 50 crypto status in the market. WIF has emerged as a formidable challenger to becoming the third largest memecoin after Dogecoin (DOGE) and Shiba Inu (SHIB). Dogwifhat (WIF) investors have been dealt a blow with the memecoin losing its top 50 status after a 38% price dump. Although the Solana-based token remains the fourth-ranked memecoin, it has declined in its top 100 ranking…
12 months ago
Bitcoin Crash To $61,000 Drives 24-Hour Crypto Liquidations Toward $300 Million
Early on Monday morning, the Bitcoin price crashed another 5% to drop to the $61,000 level. This drop, which was very sudden, has taken investors by surprise, triggering a massive wave of liquidations. As the volume continues to rise, the crypto liquidation figures have barreled toward $300 million in just 24 hours alone. 91,000 Crypto Traders Lose $282 Million Amid Bitcoin Crash Data from Coinglass has shown that tens of thousands of crypto traders have lost their leverage positions in…
12 months ago