Crash

Solana remains one of the top-performing crypto assets over the past year. Even though there is a retracement from the 2024 highs, the coin is still multiples higher than the 2022 lows. Traders are upbeat about what lies ahead, with some convinced the coin will easily break $260 and register all-time highs in the coming months. Like Bitcoin, Ethereum, and other top altcoins like Cardano, SOL faces determined sellers. From the daily chart, SOL is moving sideways in a possible…

The post Is Bitcoin (BTC) Price Heading for $70K Breakout or $40K Crash? appeared first on Coinpedia Fintech News Bitcoin (BTC) price slipped 4 percent in the past 24 hours to trade about $58,413 on Thursday, during the early Asian session. Therefore, the flagship coin is currently retesting the support level around $58k after being rejected severally at the resistance range between $61k and $62k.  Following the recent daily death-cross between the 50 and 200 Moving Averages (MAs), the fear…

On-chain data suggests the Bitcoin price found its bottom following the recent crash around this important investor cost basis level. Bitcoin Found Its Bottom Near Active Investor’s Cost Basis According to the latest weekly report from Glassnode, Bitcoin formed its recent bottom near the cost basis of the “active investors.” To understand what this level represents, two other indicators need to be looked at first: the Realized Price and the Liveliness. The Realized Price refers to the cost basis or…

The post Will Bitcoin Crash? Whales Dump $600 Million of BTC appeared first on Coinpedia Fintech News Bitcoin (BTC), the world’s biggest cryptocurrency by market capitalization looks bearish and may crash once again. Today, on August 13, 2024, a prominent trader made a post on X (previously Twitter) that Bitcoin Whales have offloaded a significant Bitcoin as its price fell below $60,000. Why Bitcoin Can Crash? According to the post on X, these whales have offloaded a significant over 10,000…

The post Mt. Gox’s Last $34,822 BTC Payment: Will a Massive $2 Billion Bitcoin Dump Crash the Market? appeared first on Coinpedia Fintech News Mt. Gox repayment is in its final stage now. The insolvent exchange has tied up with 5 crypto exchanges to process the repayments for creditors since the 2011 hack. These exchanges include Bitbank, BitGo, Bistamp, Kraken and SBI VC trade, a Japanese exchange. Out of these 4 have already received and paid to most of the…

The post Will SOL Crash? Solana Price Prediction for August 13 appeared first on Coinpedia Fintech News Solana (SOL), the world’s fifth-biggest cryptocurrency along with other top assets has been experiencing continuous selling pressure following the formation of a bearish price action pattern in its 4-hour time frame. This bearish pattern was also shared by a prominent analyst on X (previously Twitter) on August 13, 2024. Will SOL Crash? According to the post on post on X, Solana has formed…

In the wake of the market crash of recent weeks, crypto analyst Michaël van der Poppe has provided an analysis of the trajectory of Bitcoin and its impact on altcoins. His remarks centered around Bitcoin dominance and the readiness of the altcoin markets, especially in sectors like Artificial Intelligence (AI) and decentralized finance (DeFi), for a potential rebound and significant growth. Van der Poppe started his analysis by discussing Bitcoin dominance, a metric that reflects Bitcoin’s market capitalization relative to…

Crypto analyst Benjamin Cowen recently discussed the impact of the death cross indicator, which has appeared again on Bitcoin’s chart. Thanks to this indicator, the $62,000 price level has become crucial to Bitcoin avoiding another price crash. Cowen noted in a video posted on his YouTube channel that Bitcoin is at risk of dropping lower if it fails to hold above $62,000 heading into the Death Cross. Bitcoin had rallied to as high as $62,000 after recovering from its price…

A crypto analyst has maintained a bullish outlook on Bitcoin (BTC), the world’s largest cryptocurrency, predicting massive rallies in the future. The analyst projects that Bitcoin could rise as fast as it fell, mirroring the speed of its crash as it regains all the value shed during its decline.  Bitcoin Set For Rapid Recovery In an X (formerly Twitter) post on August 6, a crypto analyst identified as ‘The Crypto Dog’ has shared an optimistic forecast on the future outlook…