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The post Why is Bitcoin Price Down Today? Is a Major Correction Imminent? appeared first on Coinpedia Fintech News Bitcoin’s (BTC) price closed in July with a dragonfly Doji candlestick after the bulls were rejected at around $70k. Bitcoin’s poor performance in the past two weeks has increased the fear of a further crypto correction in August. Furthermore, Bitcoin’s fear and greed index has dropped from 74 percent, greed, to around 52 percent, neutral, in the past two days. The…

Over the past four months, Cardano (ADA) has faced a significant decline. The ongoing bear market and continued selling pressure have led to negative funding rates and reduced investor confidence, with its value dropping 50% from March's peak. Although there has been a slight recovery, the overall bearish sentiment remains strong, as evidenced by the increasing negative funding rates and reduced whale activity. This situation has heightened concerns about ADA’s short-term outlook among traders and analysts. In contrast, MoonTaurus (MNTR)…

The post Why is Bitcoin Price Down Today? Another Crypto Crash Looming? appeared first on Coinpedia Fintech News After a bullish Monday led by Bitcoin (BTC), the total cryptocurrency market cap slipped more than 2 percent to hover about $2.5 trillion on Tuesday. Bitcoin price dropped nearly 5 percent in the last 24 hours to trade at about $66,392 on Tuesday during the early trading session.  As a result, more than $174 million, mostly involving long traders, was liquidated from…

Recently, the crypto community saw the surge of a new memecoin frenzy with celebrity-endorsed cryptocurrencies. The Solana-based tokens registered massive gains but became pump-and-dump scams in most cases. Nearly two months later, most of these tokens’ prices decreased significantly from their all-time high days. However, the MOTHER community, one of the best-performing celebrity memecoins, defended their crypto champion against the criticism. The Rise Of Solana-Based Celebrity Memecoins In late May, Olympian and reality TV star Caitlyn Jenner launched her Solana-based…

Cardano has been under pressure and selling off in the past four months. From the ADAUSDT daily chart, it is evident that bears have been in control. After peaking in March, prices plunged by as much as 60% before finding support in mid-July. Since then, ADA has recovered slightly, but bears have not relentred, especially this week. So far, ADA is still 50% after the spike in March. This set of conditions could explain traders’ bearish stance on multiple perpetual…

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.…

The post Why Ethereum Price is Down Today? Analyzing ETH Price Correction Post-ETF Launch appeared first on Coinpedia Fintech News Ethereum (ETH) dropped 1.8% on Wednesday despite the successful launch of ETH ETFs, which attracted $10.2 billion in assets and saw net inflows of $107 million. The second-largest cryptocurrency by market cap is struggling, breaking below important support levels. The question arises: Is Ethereum poised to retest the critical $3,000 support level by the end of July? Historically- a Drop…

Cardano price started a fresh decline below the $0.4120 support. Ethereum’s decline seems to be dragging ADA lower toward the $0.380 support. ADA price started a fresh decline from the $0.450 resistance zone. The price is trading below $0.4120 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.4060 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could continue to move down and test the $0.380…

The post Market Braces for BTC Price to Hit $80k in July, Investors Double Down on DOGE and AI Platform Algotech  appeared first on Coinpedia Fintech News The Bitcoin price has been on a tear lately, and analysts are predicting a wild ride with a potential $80,000 Bitcoin price tag by July!  This electrifying prediction has sent shockwaves through the crypto community. But is this a sign of a booming bull season or a bubble waiting to burst? Meanwhile, investors…