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
Solana (SOL) Jumps 39% From Crash Low, But Is This Rally Sustainable?
Solana has observed a sharp rally of 39% from the crash low. Here’s what the data says regarding whether this run can continue further or not. Solana Has Breached The $153 Mark After Recovery Continuation In Past Day A few days back, Solana crashed alongside the rest of the cryptocurrency market, dropping its price to a low of $110. Since this bottom, though, the asset has observed a sharp rebound, as it’s now back at the $153 mark. The chart…
10 months ago
Shiba Inu (SHIB) and Kaspa (KAS) Hold Up Well Despite BTC Crash, Rollblock Sees Massive Price Jump
The post Shiba Inu (SHIB) and Kaspa (KAS) Hold Up Well Despite BTC Crash, Rollblock Sees Massive Price Jump appeared first on Coinpedia Fintech News Despite global economic concerns and uncertainty surrounding the U.S., the cryptocurrency market appears to have only had a temporary setback. Although tokens like Shiba Inu and Kaspa experienced sharp drops towards the end of July, they are already making a strong comeback and seeing major gains. Rollblock is also making significant gains during its presale,…
10 months ago
Dogecoin Bounces Off Key Support Following Crash Below $0.1
Dogecoin (DOGE) was one of the tokens significantly affected by the recent crypto market crash. With the crypto market recovering, the meme coin is showing signs of life and is looking to reclaim the psychological support level of $0.1, having bounced off key support. Dogecoin Bounces Off Key Support With $0.1 In Sight Crypto analyst World of Charts mentioned in an X (formerly Twitter) post that Dogecoin is bouncing from the key support at $0.09. In line with this, the…
10 months ago
Analyst Says Bitcoin Bottom Is Not In, Will Price Crash Below $50,000 Again?
Crypto analyst Altcoin Sherpa recently suggested that the Bitcoin bottom isn’t yet in and that the flagship crypto could still drop to new lows. Meanwhile, other crypto analysts like Mikybull Cypto have made a case for why the bottom is in and suggested that it is unlikely that Bitcoin will drop below $50,000 again. Bitcoin Bottom Is Likely At The $40,000 Range Altcoin Sherpa mentioned in an X (formerly Twitter) post that Bitcoin is more likely to find its bottom…
10 months ago
$2 Billion Ethereum In Move: Are Chinese Seized Assets About to Crash the Market?
The post $2 Billion Ethereum In Move: Are Chinese Seized Assets About to Crash the Market? appeared first on Coinpedia Fintech News Ethereum wallets linked to the infamous Plus Token Ponzi scheme have suddenly become active, transferring 820,000 ETH, worth over $2 billion, in the past 24 hours. These wallets, inactive for more than three years, have raised fears of a potential crypto market crash. The funds, originally seized by Chinese authorities, are causing concern as their unexpected movement raises…
10 months ago
Will Bitcoin Crash Again? Insights from Industry Experts
The post Will Bitcoin Crash Again? Insights from Industry Experts appeared first on Coinpedia Fintech News The cryptocurrency market has seen a notable recovery in the last two days, where top assets Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) experienced significant price surges. Amid this ongoing price recovery, the recent post by Julio Moreno on X (previously Twitter) has gained massive attention from the crypto community. Expert says Bitcoin flashing bearish sign Julio, the head of research at CryptoQuant, shared…
10 months ago
Cardano Price Crash Below $0.3: Is It Time For You To Buy ADA?
Cardano is one of the altcoins that have been significantly impacted in the crypto market crash triggered by the Bitcoin decline. However, while this could sound as the end of the road for some, others are seeing this as an opportunity to buy the cryptocurrency for cheap. One of those is crypto analyst Alan Santana, whose recent analysis points toward bullishness for the ADA price in spite of the decline. The State Of Cardano Crypto analyst Alan Santana has outlined…
10 months ago
$0 Flows: BlackRock Unshaken Despite Recent Bitcoin Market Crash, Data Shows
Bitcoin and the broader crypto market faced a notable price plunge on Monday, with the global crypto market cap losing $100 billion in valuation and total liquidations surpassing $1 billion. Interestingly, despite this so-called ‘Red Monday,’ Eric Balchunas, a Bloomberg Senior exchange-traded fund (ETF) analyst, revealed in a post uploaded earlier today that investors of BlackRock’s crypto fund, IBIT, maintained their holdings without flinching. Unshaken By Market Meltdown According to Balchunas, during this chaotic period whereby panic selling may be…
10 months ago
Is Bitcoin Really Safe? New Insights from ‘Black Swan’ Author on Recent Crash
Bitcoin has led a global crypto market downturn in the past few days, with the asset down to as low as $49,751 on August 5. This significant plunge from Bitcoin has been attributed by many to the downturn in the Japanese markets. The Trigger in Japan Speaking on the crash, Nassim Nicholas Taleb, a risk analyst, author of “The Black Swan” and a well-known Bitcoin detractor, sheds light on the origins of the recent market disruptions that have rippled through to…
10 months ago