Market

TL;DR One meme coin stands out with a nearly 100% increase in its value, pushing its market capitalization past $500 million and making it the 12th largest in its category. The asset’s significant price surge coincides with increased purchases by whales. MEW’s Impressive Ascent The cryptocurrency market suffered a massive pullback in the past few days, with leading digital assets such as Bitcoin (BTC) and Ethereum (ETH) dropping to multi-week lows. The meme coin sector was particularly harmed, with Dogecoin…

Bitcoin had one of its worst weekends in a long time but has managed to recover some ground and now trades at just over $66,000. Most altcoins plummeted even harder but have begun their recovery now. SOL, TON, ETH, UNI, MATIC, and BCH are among the top performers. BTC Rebound Starts A lot can and has been said about what transpired in the past 72 hours or so. Bitcoin was relatively calm on Friday morning, in a tight range between…

The week started on a strong note, with Bitcoin rising above $66,000, a 3.02% increase over the past day owing to Hong Kong’s ETF development. With spot cryptocurrency ETFs being all the roar, Hong Kong has joined the trend by granting approval for several spot Bitcoin and Ethereum ETFs on Monday. Hong Kong Welcomes Spot Bitcoin, Ethereum ETFs The latest move reflects the city-state’s ongoing efforts to establish itself as a leading crypto hub in the region. China Asset Management,…

Cryptocurrency analysts predict a surge for Cardano (ADA) despite its recent decline, citing similarities in past price patterns that suggest a potential 2000% increase. Trend Riders confirm bullish momentum, pointing to RSI and SMA indicators signaling a potential trend shift, which could lead ADA into a parabolic zone. Cryptocurrency analysts forecast a potential surge for Cardano (ADA) amidst a broader market downturn. Analyst Ali Martinez points out a striking similarity between ADA’s current price pattern and its behavior from 2018…

Months after the US Securities and Exchange Commission approved its first-ever spot Bitcoin ETF, Hong Kong’s Securities and Futures Commission (SFC) is reportedly on the verge of agreeing on a similar product in Hong Kong.  It is reported that four mainland Chinese and Hong Kong Asset Managers have submitted their applications to this effect.  An asset manager in China, Harvest Fund Management, is reportedly in line to receive approval from Hong Kong’s Securities and Futures Commission (SFC) to launch a…

The post Best Bet Altcoins As Crypto Market Shows Signs of Recovery appeared first on Coinpedia Fintech News Analyst of The Paul Barron Network explained that there’s been a freefall in prices , prompting a deep dive into the market dynamics during a live stream. With expectations of volatility amid the upcoming halving, many might interpret this as a pre-halving dump. Bitcoin dominance is on the rise, reaching nearly 56%, which could potentially trigger a correction in altcoins. Despite the…

The post Crypto Market Crash: Top 11 Altcoins To Buy This Dip For 100x Gains appeared first on Coinpedia Fintech News Analyst Matt’s Crypto has revealed his top 12 altcoin picks for potential high returns. Despite facing a major downturn in the last 24 hours, Matt remains optimistic, citing historical market behavior. Here is a list of his altcoins for almost 100x gains. Solana : Positioned as a top pick due to its popularity for trading meme coins, Solana has…

The post Crypto Market Analysis : Bitcoin Price Bounce Back; What Can We Expect from Altcoins This Week? appeared first on Coinpedia Fintech News In response to a wild day in the crypto world, well-known analyst Crypto Capital Venture shared his thoughts with the community. While Bitcoin hogged the spotlight, other digital currencies, known as altcoins, took a hit, making things even bumpier for their holders. Feeling the impact himself, the analyst felt it was essential to take a step…

Over the weekend, geopolitical tensions escalated dramatically following an unprecedented conflict between Iran and Israel. The events unfolding on Saturday evening momentarily shook global markets, including the crypto sector. However, there has been a noticeable recovery within the crypto market at the time of reporting. The swift rebound in crypto values demonstrates the market’s robustness and ability to withstand unexpected global events. Bitcoin Still Has Strong Support at $60,000 Level Fears of escalating tensions triggered a sharp downturn for Bitcoin…