Decline

Bitcoin price started another decline from the $67,000 zone. BTC is showing bearish signs and might soon revisit the $61,000 support zone. Bitcoin failed to clear the $67,000 resistance zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There was a break below a rising channel with support at $64,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend its decline unless it clears the $65,000 resistance zone.…

The crypto market took an unexpected hit on April 12 as a spontaneous decline in the price of Bitcoin and prominent altcoins resulted in massive liquidations. The origin of this widespread price dip remains largely unknown, among a plethora of plausible reasons, including a recent price correction in the US stock markets. Almost $500 Million Liquidated In An Hour Amidst Crypto Flash Crash According to data from CoinMarketCap, Bitcoin slipped by 4.49% in the last day, falling as low as…

The unwavering support of Dogecoin (DOGE) by tech billionaire Elon Musk has helped the meme coin remain among the top ten most valuable digital assets. On-chain data shows some DOGE whales have been offloading their holdings to short-term holders who are likely to trade off with new and shiny meme coins. Dogecoin (DOGE) remains the top meme coin by market cap following the unwavering support from tech billionaire Elon Musk and his family of unicorn companies. The large-cap meme coin,…

Avalanche network sees fewer smart contracts, risking innovation slowdown. The deFi sector on Avalanche shows TVL growth but declines in activity, raising sustainability concerns. Recent data from Token Terminal has shed light on challenges the Avalanche network faces, with a significant decline in the number of smart contracts deployers. This trend hints at potential hurdles in innovation within the Avalanche ecosystem. While the AVAX token has shown resilience to market volatility, the dwindling interest in deploying smart contracts may signal…

The crypto scene’s been a bit rocky following the SEC decision on Bitcoin ETF. Even top crypto coins like Bitcoin and Ethereum have been seeing some serious dips. And Arbitrum (ARB), the scaling solution for Ethereum, hasn’t been able to dodge the bullet either. But there seems to be some hope on the horizon, and seasoned and beginner cryptocurrency investors are starting to perk up their ears. In this article, we’ll take a peek at what’s up with Arbitrum and…

Milei Moneda ($MEDA) rises with the potential for 100x growth, offering deflationary features and a locked liquidity pool for stability. Injective (INJ) faces a decline despite the inEVM rollup launch on its mainnet.  Celestia (TIA) faces a 45% decline but shows promise with an upcoming global hackathon.  As the cryptocurrency market navigates through volatility, investors are eyeing Milei Moneda ($MEDA) with anticipation, drawn by its potential for a 100x price increase. The meme coin’s promising projection has captivated investors, especially…

Cardano’s (ADA) social volume remained high, highlighting its enduring popularity within the cryptocurrency community. Analysis of ADA’s on-chain metrics, including MVRV and NVT ratios, suggests a potential trend reversal, to the upside. Over the last week, Bitcoin and most of the altcoins have witnessed a strong pullback with double-digit losses on the weekly chart. Some of the top altcoins like Cardano (ADA) have been also subject to over 10% correction falling under its crucial support level of $0.60, as reported…

TL;DR BTC tumbled by 6% weekly, impacted by a broader market correction but buoyed by long-term bullish indicators like the halving event. SHIB’s price drops, but the ecosystem thrives with milestones like Shibarium’s growth and high trading volumes on exchanges. Ripple anticipates a key trial with the SEC, potentially influencing its price and the wider crypto market’s dynamics. BTC ‘Struggles’ Below $70K The cryptocurrency market recently entered into a state of correction, with Bitcoin (BTC) being one of the severely…

Despite its price volatility, Avalanche (AVAX) continues to draw attention from both investors with prominent crypto analyst Rekt Capital advising buy on dips. CoinCodex offers a bullish forecast for AVAX, predicting a potential surge to $180 for AVAX by the beginning of May 2024. In March, Avalanche blockchain’s native cryptocurrency AVAX, witnessed some sort of volatility with the altcoin surging by a staggering 64% in the first half of 2024 and crossing $65 for the first time since May 2022.…