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 $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Dip
FXGuys ($FXG) Predicted To Go An Explosive Rally While Solana And Ethereum Begin Uptober With A Dip
Solana (SOL) and Ethereum (ETH) have started “Uptober” on a less-than-ideal note, as both cryptocurrencies experienced dips. However, analysts predicted an astronomical price pump for FXGuys ($FXG) in the coming months. What is the cause of SOL and ETH’s dip, and how will $FXG reach its predicted height? Stay tuned to find out! How Could FXGuys Be the Star of This Market Cycle? FXGuys is a first-of-its-kind Proprietary Finance (PropFi) protocol that brings the reliability of TradFi systems together with…
8 months ago
Bitcoin Price Dip Explained: Key Causes And Where To Expect A Bounce Back To $70,000
Bitcoin (BTC) recently appeared poised for significant upside momentum and has experienced a notable price correction. Following a two-month high of $66,500 last Friday, the cryptocurrency retraced approximately 6% in the past week to around $60,000 by Thursday. Key Buy Zones For Bitcoin The anticipated bullish trend for Bitcoin was initially fueled by easing economic conditions, particularly following the US Federal Reserve’s decision to cut interest rates on September 18. However, escalating geopolitical tensions in the Middle East have shifted…
8 months ago
Bitcoin (BTC) dip over – next upward leg commences
Bitcoin (BTC) fell out of its ascending channel on Monday as it followed its latest correction. However, this dip could be over as the $BTC price begins to rise again. Next upside target is $70,000. The BTC/USD pairing might have taken a dip in favour of USD over the last couple of days, but a resumption of Bitcoin’s inexorable rise looks to be taking place again. $BTC falls out of its ascending channel Source: TradingView The short-term time frame chart…
8 months ago
Bitcoin Price Corrects Recent Gains: Is a Deeper Dip Coming?
Bitcoin price extended its increase above $66,000. BTC is now correcting gains below $65,500 and might continue to move down toward $64,000. Bitcoin is correcting gains from the $66,500 zone. The price is trading below $65,250 and the 100 hourly Simple moving average. There was a break below a short-term bullish trend line with support at $65,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the…
8 months ago
Bitcoin Price Sees Dip: Is the Uptrend Still Safe?
Bitcoin price started a downside correction from the $64,750 resistance. BTC is still above the $62,500 support and might aim for a fresh increase. Bitcoin is consolidating gains below the $63,800 resistance zone. The price is trading below $63,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line with resistance at $63,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if there is a clear…
9 months ago
Testnet Launch Sparks Buying Frenzy: BlockDAG’s 30,000x ROI Potential Could Overshadow Shiba Inu’s Rally; BRETT Prices Dip
Cryptocurrencies are constantly battling for investor attention, but some are making waves with their distinct potential. Shiba Inu, often compared to Dogecoin, is eyeing a major breakout, aiming to surpass its 2021 peak. Meanwhile, The BRETT has faced challenges, grappling with a descending trendline, though technical indicators suggest a possible reversal. Amid these opportunities, BlockDAG Network presents a particularly enticing prospect. With its Testnet now live, the possibility of a jaw-dropping 30,000x ROI seems increasingly attainable. Could Shiba Inu Eclipse…
9 months ago
BlockDAG’s Upcoming Exchange Listing vs Polygon & Dogecoin Price Dip
Dogecoin is grappling with a 4% price dip to $0.095, despite a 67% surge in trading volume. Polygon (MATIC) shows signs of life, with a spike in onchain activity hinting at a possible price reversal. In this somewhat shaky crypto weather, BlockDAG brings a breath of fresh air with two of the greatest soccer partnerships in the history of cryptocurrencies—Borussia Dortmund and Inter Milan. These blockbuster deals bring thousands of new holders to BlockDAG’s platform daily and supercharge its presale…
9 months ago
STRK Bulls Tap Into New Casino Coin Mpeppe (MPEPE) Whilst Ethereum (ETH) Continues To Dip
As Ethereum (ETH) continues to face downward pressure, savvy investors are looking for alternative growth opportunities. Starknet (STRK) bulls, in particular, are shifting their attention to a new and exciting project: the casino-focused meme cryptocurrency, Mpeppe (MPEPE). With the potential to offer high rewards in a volatile market, Mpeppe (MPEPE) is quickly gaining popularity, especially among those seeking to diversify beyond traditional digital assets. Mpeppe (MPEPE) Brings Excitement and Risk to the Forefront Meme coins, by their very nature, bring…
9 months ago
Bitcoin Shakeout Ahead: Analysts Predict Final Dip Before Bull Run Resumes
The Bitcoin market has seen some consolidation since Monday, maintaining a price above the $56,000 mark after a brief drop from $65,000 to around $52,600 last Friday. However, one analyst suggests that the bearish sentiment may still be ongoing, with expectations of a potential revisit to lower levels before a significant upward movement. BTC’s Future Price Action In Focus Crypto analysts known as “VirtualBacon” on X (formerly Twitter) have raised concerns about an impending “huge Bitcoin shakeout.” In the coming…
9 months ago