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…
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Why is Bitcoin Down Today?
The post Why is Bitcoin Down Today? appeared first on Coinpedia Fintech News Bitcoin witnessed a fall of around 11% in the last 3 days. Market is filled with fear as to why BTC suddenly started a downwards movement when it was on a good rise earlier. The market fell down to a lowest point of $ 57,800 today. Let’s try to find the real reasons behind this fall. Russia-Ukraine war The ongoing war between Russia and Ukraine is one…
9 months ago
Why Bitcoin Price is Down Today? Analyzing the Factors Behind the Crypto Market Crash
The post Why Bitcoin Price is Down Today? Analyzing the Factors Behind the Crypto Market Crash appeared first on Coinpedia Fintech News It’s not been an easy couple of days for crypto bulls. With four days left in August, Bitcoin has dropped 2.74% this month. Historically, September hasn’t been kind to Bitcoin, with a 72.73% chance of ending the month down over the past 11 years. Bitcoin has experienced a significant drop, falling below the $59,000 mark, stirring concern among…
9 months ago
Why is Crypto Market Down Today?
The post Why is Crypto Market Down Today? appeared first on Coinpedia Fintech News Bitcoin (BTC) dropped below $63,000, marking a 1.4% decline over the past 24 hours, as traders locked in profits following a recent rally. Despite increasing spot prices, implied volatility for BTC and ETH has shifted towards put options rather than calls until October. This surprising trend suggests the market may have already priced in the recent rise and is now quickly cashing in by selling call…
10 months ago
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DownBiggest Dogwifhat Whale with $68M in Profits Doubling Down on WIF
The post Biggest Dogwifhat Whale with $68M in Profits Doubling Down on WIF appeared first on Coinpedia Fintech News The cryptocurrency market is heating up, and Memecoins are leading the charge. Among them, Dogwifhat (WIF) is standing out with an impressive price rally. Over the past week, WIF has surged by 17.69%, catching the attention of many investors. What’s even more intriguing is the move by the largest Dogwifhat (WIF) holder. This major player, who has already earned over $68…
10 months ago
Altcoin Season Delayed? Lark Davis Breaks Down Bear and Bull Cases
The post Altcoin Season Delayed? Lark Davis Breaks Down Bear and Bull Cases appeared first on Coinpedia Fintech News Popular Crypto analyst Lark Davis dives into a compelling question that has been swirling in the crypto community: Is there no altcoin season coming? He explores both the bear and bull cases for this, offering a balanced view of the current market conditions. Will your dreams of altcoin gains become a reality? Read on to find out. The Crypto Market is…
10 months ago
Cardano (ADA) Is Down 90% Since 2021, Experts Recommend Holding This New Token in 2024
Since reaching $3 in August 2021, Cardano (ADA) has seen a sharp drop of over 90%. Despite the initial boost from the Alonzo upgrade, which introduced smart contracts, ADA has struggled to hold its value due to market downturns and persistent challenges. As ADA faces ongoing pressure, investors are reconsidering their positions and looking for new opportunities. In light of these developments, MoonTaurus (MNTR) is emerging as a promising alternative investment for 2024. Currently in its presale phase, MNTR offers…
10 months ago
Cardano Down 90% Since September 2021, Did Smart Contracts ‘Kill’ ADA?
At the peak of the 2020 to 2021 bull run, ADA, the native token of Cardano, rose to $3 in August. Interestingly, developers activated smart contracts around the top of this cycle after completing the Alonzo hard fork, ushering in the Goguen phase. Did Alonzo And Smart Contracts Kill ADA? However, as Atomic Wallet analysts note, ADA has been on a downtrend since then, crumbling by over 90% over the years at the time of writing. ADA is changing hands…
10 months ago
Why Is Crypto Going Down Today?
As of August 2024, the crypto market has faced serious turbulence, hence dictating widespread concern among investors. This period has been characterized by steep drops in cryptocurrency prices, particularly that of Bitcoin, which registered more than a 20% drop within just a few days. More so, the reasons behind such a downturn need to be understood by everyone who is connected with the crypto space and more importantly for those who intend to stake through platforms like StakingBonus. Before we…
10 months ago
CBOE Pulls Down Solana ETF Filings By VanEck And 21Shares!
The post CBOE Pulls Down Solana ETF Filings By VanEck And 21Shares! appeared first on Coinpedia Fintech News The Chicago Board Options Exchange (CBOE) has pulled down the 19b-4 filings for Solana ETF submitted by VanEck and 21Shares from its website. VanEck filed a proposal in June, to launch a spot Solana ETF in the U.S., making it the first asset manager to do so in the region. 24 hours later, 21Shares followed suit, filing for Solana ETF with the…
10 months ago