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While Bitcoin was trading at $59,076 yesterday, it dropped to as low as $57,127 during the early Asian trading session today. BTC closed the week at $57,565, once again losing important ground needed to create a bullish reversal. The trajectory is impacted by several factors. #1: Macro Fears Of A Recession The looming threat of a US recession is causing palpable tension in financial markets. This is especially pertinent for Bitcoin, which has not yet weathered a full economic downturn…

Solana started a fresh decline below $150 and $142. SOL price tested $128 and is currently struggling to start a recovery wave. SOL price started a fresh downward move below $150 against the US Dollar. The price is now trading below $140 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $134 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a recovery wave if…

Discover the top altcoins set for significant price movements next week. In this concise briefing, find out which digital currencies are gaining momentum and might offer profitable opportunities. Stay ahead of market trends and uncover potential investment gems in the crypto world. All key insights and predictions are revealed here. Ethereum Battles Bears but Eyes Potential Rebound Ethereum is currently trading between $2584 and $2867.48, showing a struggle against bearish forces. The Relative Strength Index (RSI) at around 39.47 suggests…

Decentraland (MANA) is at a critical juncture as it faces a key trendline retest that could determine its next major move. With the price hovering near a crucial support level, market watchers are keen to see whether MANA will hold the line and spark a bullish reversal.  A successful defense of this trendline could trigger an upsurge, propelling the cryptocurrency to new highs. However, failure to hold could lead to increased volatility and uncertainty. All eyes are now on MANA’s…

Bitcoin investors are bracing for September, historically the worst month for the cryptocurrency’s price. Digital assets platform Matrixport has issued a warning, suggesting Bitcoin could see further declines this month due to various looming risk factors. Matrixport highlighted that Bitcoin faces additional pressure this year, which could impact its price. In its Matrix on Target report, the firm pointed to several key influences, including the US tech sector’s outlook, the Federal Reserve’s decisions, and the upcoming presidential debates, all of…

A surge in the crypto market is being predicted by industry experts. The coming months may see significant growth in specific digital currencies. This article delves into five standout coins that are expected to perform well. Readers will discover which tokens are poised for substantial gains this autumn and why these coins are grabbing attention. TRON (TRX) TRON (TRX) is currently trading between $0.14 and $0.18 and is showing promising signs of a major rally. With recent weekly gains of…

Bitcoin has recently shown signs of recovery, reclaiming the $61,000 level after a brief but sharp decline earlier this week. This bounce back in price has sparked renewed interest among the crypto community, with many closely watching for the next key moves in the market. Particularly, this latest price action has led to various analyses, focusing on whether the asset can maintain its momentum and break through critical resistance levels that have previously hindered its progress. The Path Forward: Key…

Ethereum is steady at press time, as is visible in the daily chart. Even though prices are floating above $2,500, ETH bulls are still weak. The coin remains inside the bear bar of August 27, technically inside a bear formation. From price action, it would take effort for bulls to take charge in the short term. A convincing high volume close above $3,500 would signal a rapid trend shift beneficial for holders. Will Ethereum Bears Press On? Traders Monitoring This…

The post CryptoQuant Reveals Top 5 Key Charts Why BTC Plunged 10.8% in Just Two Days! appeared first on Coinpedia Fintech News In the past two days, Bitcoin dropped from $65,062 to $58,053, a decrease of 10.8%, as enthusiasm over potential Federal Reserve interest-rate cuts faded. Over the past three months, Bitcoin has fallen by 12% and is currently trading 20% below its peak of nearly $74,000 reached in March. Maartunn, a leading author at CryptoQuant, has examined this recent…