Crypto

Crypto expert Duncan (@FloodCapital) recently expressed a strong conviction that Bitcoin has reached its market bottom and is poised for new all-time highs. His analysis, shared on X (formerly Twitter), provides a detailed examination of the current market dynamics and underlying fundamentals that signal a bullish turn for Bitcoin and potentially other cryptocurrencies. Is The Bitcoin Bottom In? In his in-depth analysis, Duncan pointed out that the crypto market has been underperforming relative to equities over the past few weeks.…

The Bitcoin (BTC) price had rebounded above the $62,000 mark. However, traders are unsure if the cryptocurrency’s downturn is over. BTC is currently trading at $61,773. BTC hit a six-week low on Monday, dropping as low as $58,474 before buyers propped the price to $60.330. Analysts Predict Drop To $50,000 Some Bitcoin analysts have predicted the cryptocurrency could drop to $50,000. According to Markus Thielen, founder of 10x Research, Bitcoin appears to be following a double-top pattern and is currently…

Billionaire crypto entrepreneur Andrew Kang has posted on X that in his view, the impact of the launch of a Spot Ethereum ETF would provide “not much” upside, and that it is already “more than priced in”.  Crypto market excitement at imminent ETF launch With VanEck having just made their 8-A filing for their Spot Ethereum ETF, its launch may be imminent. When VanEck last did this filing for their Spot Bitcoin ETF, the launch happened a week afterwards. The…

The post The Crypto Market Enters In A Consolidated Phase As Top Tokens Record Neutral Trend! appeared first on Coinpedia Fintech News After trading under a bearish sentiment for about a week, the crypto market has added 0.61% to its global valuation within the past 24 hours. However, the market leader, Bitcoin price continues to trade in its $61K range with a 36.61% drop in its trading volume to $27.57 Billion. Furthermore, the Ethereum (ETH) price has displayed a sideways…

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…

Usiacurí becomes Colombia’s first municipality to integrate cryptocurrencies like Bitcoin, Tether, and Tron into its economy. The “Crypto District” initiative is a partnership between Usiacurí’s municipality, Certika, Universidad de la Costa, and Corporación CienTech. Usiacurí, a quaint coastal town in Colombia, has taken a pioneering step by becoming the country’s first municipality to legally incorporate cryptocurrencies into its local economy. Launched on June 21, this innovative move is part of the “Crypto District” project, a collaborative effort between the Usiacurí…

Carole House returns as Special Advisor, potentially steering U.S. crypto regulation towards stability. The crypto community anticipates the impact of House’s policies on Bitcoin (BTC) and Ripple (XRP) valuations. Reversing from the previous CNF update where Ron DeSantis claimed that Bitcoin Will Die if Joe Biden is Reelected, the Biden administration has welcomed back Carole House as a pivotal crypto adviser. House announced her return through a LinkedIn post, signaling a potential shift in the trajectory of U.S. cryptocurrency regulation.…

The post Top Indicator Points to Inevitable Crypto Market Rebound to New ATHs Ahead appeared first on Coinpedia Fintech News The altcoin industry led by meme coins will soon experience a major rebound after being trapped in a correction mode in the past few weeks. Increased fear of further crypto capitulation triggered by the Bitcoin (BTC) price drop below $60k on Monday, has increased calls for a market rebound.  Moreover, Bitcoin’s daily Relative Strength Index (RSI) has already dropped below…

The post Why Solana, Ethereum, and Furrever Token Are Set to Dominate the Crypto World in 2024 appeared first on Coinpedia Fintech News The cryptocurrency landscape is constantly evolving, with new technologies and tokens emerging to captivate investors and reshape market dynamics. As we look towards 2024, three cryptocurrencies stand out as potential dominators in the crypto world: Solana, Ethereum, and Furrever Token. Each of these tokens brings unique strengths and innovations that position them at the forefront of the…