Crash

The post Weak Growth, High Inflation: Is a Massive Crypto Crash Coming?  appeared first on Coinpedia Fintech News Recent signals from the United States economy are stirring fears of stagflation, casting a shadow over the cryptocurrency world, particularly Bitcoin. ELJA, a prominent figure in crypto trading, has highlighted some key events, including disappointing GDP figures and a notable rise in core inflation, indicating rough economic waters ahead. Here’s everything you need to stay aware and safe. Economic Insights: A Close…

Bitcoin’s price recovery attempts from the business week have come to a halt as the asset slumped to $62,400 earlier before bouncing off to around $63,000 as of now. The altcoins are in no better shape, with most of the market turning red today. The total crypto market cap is down by $150 billion in two days. BTC Dumps to $63K Bitcoin’s price actions before and after the fourth halving, which was completed last Friday, have been quite underwhelming. The…

Crypto analysts are sounding the alarm on Dogecoin as a classic chart pattern, known for predicting bearish trends, has emerged. Technical analyst Josh Olszewicz, @CarpeNoctom, flagged a potential Head and Shoulders (H&S) formation on the DOGE/USD 12-hour chart on X, hinting at a possible significant price drop if the pattern validates. The H&S pattern is a technical indicator traditionally viewed as a bearish signal within the trading community. The pattern is composed of three peaks, with the central peak (the…

The price of Bitcoin fell drastically towards the $60,000 mark in the days leading up to the just concluded halving. On-chain data has shed light on what could very well be the reason for this price dip in the middle of all the excitement around the halving. Particularly, data has revealed that some miners have been selling their holdings in the days leading up to the halving event, with the entire BTC holdings of miners hitting a 12-year low.  Miners’…

Polkadot’s recent price action has been characterized by subdued movement and minimal volatility following a swift decline toward the $6 level. However, the cryptocurrency finds itself at a crucial juncture, with a potential breakout poised to determine its next direction. Polkadot Price Analysis: Technicals By Shayan The Daily Chart A thorough analysis of the daily chart reveals a period of consolidation around the $6 mark, marked by low volatility and indecision in the market. This suggests a looming battle between…

Bitcoin holders have again reaffirmed their faith in the flagship crypto despite its recent price declines. This follows recent data showing that Bitcoin accumulation addresses recorded a new all-time high (ATH) amidst the current market downward trend.  Accumulation Addresses Record New All-Time High Of Bitcoin Inflows Data from the on-chain analytics platform CryptoQuant shows that over 27,700 BTC was transferred into accumulation addresses between April 16 and 17. This is a new all-time high (ATH) for these addresses in terms…

Some traders are increasingly starting to believe that a newly emerging multi-chain meme coin is setting the foundation to become the next doge-related project to explode. While the market undergoes a brutal pullback, with many top-20-ranked platforms dropping 20% this week, Dogeverse ($DOGEVERSE) has raised a staggering $7.5 million. Investors are rushing to get positioned in the meme coin due to its multi-chain infrastructure, interesting tokenomics, and staking opportunities. Crypto Prices Plummet Amidst Middle East Uncertainty Crypto prices continue to…

After undergoing a significant decline, breaching multiple crucial support levels, Ripple’s price has found stability near the important $0.5 mark. However, the cryptocurrency is currently in a sideways consolidation phase around this threshold, displaying minimal volatility. Ripple Price Analysis: Technicals By Shayan The Daily Chart A detailed analysis of the daily chart indicates that after a substantial downward movement, Ripple has reached a critical juncture around the $0.5 mark, where it has found support and entered a consolidation phase. Despite…

The post Bitcoin Price Crash: Here’s When You Should Buy The Dip, Analyst Maps Entry Points appeared first on Coinpedia Fintech News Analyst Crypto Banter, in his latest analysis, discussed the recent market trend. He said that usually, after a period of decline, there’s a pre-halving dump, sometimes occurring shortly after the halving event within approximately two months or eight weeks. Choppy price movements and shakeouts characterize this phase.  Analyzing the Pre-Halving Dump As for whether the dip has ended…