Decline

A crypto analyst has unveiled a new bearish death cross for Bitcoin (BTC), the world’s largest cryptocurrency. According to the analyst, Bitcoin is at risk of further price stalls before any potential upward movement.  Bitcoin Prints Another Bearish Death Cross In an X (formerly Twitter) post on August 15, a crypto analyst identified as ‘Mags,’ shed light on Bitcoin’s recent price movements, emphasizing key pattern formations and the cryptocurrency’s future outlook. Sharing a chart illustrating Bitcoin’s price action from October…

Despite a strong start to the year, Solana’s fortunes are waning, with its value continuing to slide. Recently, SOL’s price dipped nearly 4%, settling at $145, which eroded almost all the gains it accumulated in July when it reached a peak of $193. This drop has led to growing concerns that SOL could plunge even further, hitting the $120 mark. The downturn for Solana began as the summer transitioned into August, following a period of high expectations driven by the…

Cardano (ADA) finds itself in a challenging position, grappling with a 14% price decline even as it benefits from low inflation and notable network upgrades. The broader crypto market weakness has hindered ADA’s ability to maintain its upward momentum, with technical indicators showing bearish signals. As Cardano struggles, a new meme coin is emerging and capturing investor interest. Bearish Technical Indicators Signal Further Decline Cardano (ADA) is currently in a consolidation period, with price movement turning negative following the breakdown…

Bitcoin (BTC) holders faced a rough period last Monday as the price crashed from $61,000 to $54,000 within a few hours. This decline, tagged as one of the worst days for BTC this year, caused massive losses and liquidations.  While the coin has reclaimed the previously lost peak, data shows that the BTC price may still be in danger of another decrease. Bitcoin HODLer Behavior Lacks Confidence A crucial metric fueling this bias is Bitcoin’s Holder Net Position Change. The Holder…

Bitcoin (BTC) and other major cryptocurrencies recently experienced a significant downturn. Bitcoin fell to $49,314 early Monday before rebounding to $54,303 by noon, down 8.4%. This represents a 28.7% drop from its all-time high of $73,798 in March, though it remains up 25.7% year-to-date. Ethereum, the second-largest cryptocurrency, shed 21%. Amidst this backdrop, MoonTaurus (MNTR) is capturing significant attention as a promising investment for 2024. The Fall in Crypto Prices The crypto market recently experienced a significant decline, with Bitcoin…

The post Pepe (PEPE) Could See Further 30% Decline, Here’s Why appeared first on Coinpedia Fintech News Today, on August 5, 2024, the overall cryptocurrency market experienced a notable decline of over 18% in the last 24 hours. Amid this crash, Pepe (PEPE) the world’s third-biggest meme coin hit hard as it experienced a significant price decline of over 27% in the last 24 hours. PEPE traders liquidate $9.4 million Following this massive price decline, traders and investors have experienced…

According to data from CoinMarketCap, the price of Bitcoin (BTC) has taken a nosedive this week falling by 9.03% to trade below the $62,000 price mark. This negative price action brings the asset’s net gain over the last month to a mere 0.20%, indicating a period equally influenced by both buyers and sellers. As Bitcoin now attempts to find a support level, blockchain analytics platform CryptoQuant has revealed certain elating developments in the token mining space. Bitcoin Miners Hashrate 2% Away…

Memecoins saw a significant surge in March but faced a downturn by July. Despite the rollercoaster ride, some tokens show promise for a comeback before the year ends. This analysis explores the top five memecoins poised for a potential rise, offering insights into which could rebound and shine in the volatile crypto market. Pepe (PEPE) Pepe (PEPE) is currently trading in the range of $0.00001068 to $0.00001297, presenting a strong potential for a significant rebound. Despite a recent week-over-week drop…

The post Bitcoin Price Crashes 10%—Experts Predict Further Decline to $57K appeared first on Coinpedia Fintech News With the top three US indices falling by 1.5-2.5% on Friday, Bitcoin’s price has also dropped by 4.5%, currently trading at $61,873 with a market cap of $1.21 trillion. This downturn reflects a cautious sentiment among investors, who are opting to wait and watch rather than buy the dip. On the weekly chart, Bitcoin has experienced a 10% decline, with most of the…