Decline

Polkadot (DOT) has dropped by almost 11% during the past week. Bearish sentiment continues to weigh down on the asset, and DOT is increasingly under greater scrutiny as investors assess their options. Despite DOT’s price declining considerably since March, on-chain metrics are positive, with daily active users registering an increase and on-chain volume at record levels. One analyst has even predicted a 2x surge should DOT break out of its current falling trend. Polkadot (DOT) Price Plummets Polkadot (DOT) has…

Star Xu, the founder of the major crypto exchange OKX, raises alarms about the frequent sell-offs of newly listed altcoins. Specifically, he points to the drastic decline of the Aevo token, which fell from a high of nearly $4 in March 2024 to a current value of $0.434. This represents a dramatic 90% drop in value in just five months. Aevo Announces Buyback to Create Long-Term Value For Token Holders Xu’s criticism extends beyond market fluctuations to address crypto exchanges’…

TIA, the native token of the modular blockchain project Celestia, continues to face torrid periods. Trading at $5.32, the price represents a 12.37% decline in the last 30 days. As time passes, indicators show that TIA may extend its losses as it approaches a crucial point. Here’s what to expect. Celestia Holders May Need to Deal With Another Decline An evaluation of the daily chart reveals that the Relative Strength Index (RSI) reading is 38.86. The RSI is a technical…

The post Crypto News Today: FOMC Holds Rates Steady, Bitcoin and Ethereum Price Decline appeared first on Coinpedia Fintech News After Federal Reserve Chair Jerome Powell said a September rate cut “could be on the table,” stocks soared to session highs. The tech-heavy Nasdaq 100 climbed 3.3% and the S&P 500 2%. However, the king crypto, Bitcoin (BTC), declined by 1.3% to $66,088, and Ethereum (ETH) fell roughly 1.11% to $3,313. Over 24 hours, the global cryptocurrency market cap also…

Telegram-based project Toncoin (TON) has seen its market dominance subside despite outperforming Bitcoin (BTC) for most of the year. Before the latest bounce, TON encountered a challenging two-week period as the price fell by 15%. Trading at $6.79 at press time, this analysis proves that the token may not be out of the woods just yet. Here are the reasons. Whales Dump Toncoin, Raising Market Concerns The major rationale behind Toncoin’s potential decline is the action of whales. Whales are…

Bitcoin (BTC) is currently experiencing increasing bearish pressure, with technical indicators suggesting a potential decline toward the $63,316 mark. This price drop is driven by factors such as weakening momentum and decreasing trading volume. As Bitcoin targets the $63,316 mark, Investors and analysts are closely monitoring this development, as it may indicate further declines and set the stage for BTC to test lower support levels. This article analyzes Bitcoin’s current price movements and technical indicators signaling a potential further decline…

The cryptocurrency market is experiencing a notable downturn, with valuation slipping by approximately 3.72% in the past day, from $2.42 trillion to $2.30 trillion—a decrease of roughly $120 billion. Major tokens like Bitcoin and Ethereum have also seen declines of 3.85% and 8.86% respectively. Are you looking to capitalize on the current dip and maximize your profits in the next market upswing? This article dives into the top 5 coins set to surge in value after the current decline. Don’t…

The cryptocurrency market has recently faced a notable downturn, with Ethereum seeing an 8.2% drop since the launch of its spot exchange traded funds (ETFs) in the US. This decline has sparked investor concerns about when the price might start to rise, with market analysts drawing parallels to the initial decline and subsequent surge seen with Bitcoin ETFs. Despite current market pressures, experts remain optimistic about Ethereum's long-term prospects, especially with potential Federal Reserve interest rate cuts on the horizon.…

Ethereum whales have been busy in the market, as on-chain data shows that these investors have been heavily accumulating the second-largest crypto token by market cap. This comes amid a price decline in ETH’s price, with history suggesting that the crypto token might suffer more price declines in the short term.  Whales Accumulate More ETH Data from the market intelligence platform IntoTheBlock shows that Ethereum Whales bought 297,670 ETH ($1 billion) on July 24. The previous day, these whales also…