Crash

On-chain data shows the Bitcoin supply in profit has plunged following the latest crash in the asset’s price towards the $65,000 level. Bitcoin Supply In Profit Is Now Down To Around 90% As analyst James Van Straten pointed out in a post on X, around 10% of the BTC supply is now in a state of loss. The on-chain indicator of interest here is the “Percent Supply in Profit,” which tracks the percentage of the total circulating Bitcoin supply holding…

TL;DR Bitcoin has seen a significant price dip, dropping to almost $65,100. Despite the recent downturn, there are underlying factors poised to drive a positive turnaround in the asset’s market performance. Abandoning Exchanges The price of the primary cryptocurrency has experienced a significant correction in the past several hours, dropping to as low as $65,100. Despite being down 7% on a weekly scale (per CoinGecko’s data), some essential factors hint the trend may not last long. One such element worth…

Altcoins like Ethereum, Cardano, Solana, and the rest might be lower at spot rates. However, according to one analyst who sees a parallel in the current formation to the 2020 market cycle, they are gearing up for a potential surge.  In a post on X, the analyst says that often, after a period of accumulation and a retest of previous highs, altcoins tend to be volatile. The crypto analyst also notes that Bitcoin has pulled back from its all-time highs…

Ripple has extended its recent period of consolidation, with the price witnessing an 8% decline towards the critical support level of $0.6. However, Ripple’s price is expected to receive support, with a modest rebound towards the $0.7 threshold anticipated. XRP Analysis By Shayan The Daily Chart Upon a closer examination of the daily chart, it’s evident that Ripple has been in a phase of sideways consolidation characterized by minimal volatility. It oscillates between the crucial support zone of $0.6 and…

The post Bitcoin Price To Crash 30% Amidst Bearish Crypto Market appeared first on Coinpedia Fintech News Today, the cryptocurrency market took a bearish turn as major digital assets faced notable price drops. Meanwhile, crypto analyst Ali Martinez recently shared a thought-provoking perspective on Bitcoin’s price movements amidst a broader downturn in the crypto market. Martinez suggests that a 30% price correction could potentially serve as a highly bullish indicator for Bitcoin. Analyst See 30% Correction  Martinez’s tweet comes at…

The post Bitcoin Price Prepares for a 15% Crash Ahead of Halving: Is This the Beginning of a Bearish April? appeared first on Coinpedia Fintech News The bears have jumped back into action as the price is undergoing a notable pullback, which may test the lower crucial support. The previous month remained extremely bullish with a 20% jump, which assisted the Bitcoin price in marking a new ATH close to $74,000. However, the token underwent a massive pullback of 18%…

Bitcoin has started out the new week on a rather bearish note after a flash crash sent the price below $69,000 once more. There has since been some recovery in the price of the largest cryptocurrency in the space. However, the damage has already been done as tens of thousands of crypto traders were flushed out of their leveraged positions as a result. 81,000 Crypto Traders Lose $220 Million The Bitcoin flash crash hit support just above $68,800 but crypto…

Dogwifhat ($WIF) was the hottest crypto sensation of March. It has climbed to the top 3 rankings on the meme coin chart with a $4.4B market cap. And since January 2024, WIF has recorded a 6499.33% jump in its price. But the Solana meme coin is showing signs of reaching a saturation point, beginning with a sharp downturn on Monday. The third position on the meme coin chart is highly dynamic. Some eyes have now turned to trending meme coins…

The post SEC Pressures Ripple to Dump $2B XRP, Legal Expert Warns of Potential XRP Price Crash appeared first on Coinpedia Fintech News Legal expert Jeremy Hogan recently criticized the SEC’s push for a whopping $2 billion penalty against Ripple in their ongoing legal battle. Hogan warns that if Ripple were forced to comply, it would likely have to sell a significant amount of XRP, potentially causing the coin’s value to drop even further. This, Hogan argues, would hurt retail…