Market

Following a tumultuous start to the month, the cryptocurrency market has yet to shake off the early August blues. The story has not been very much different for the price of Bitcoin, which struggled to make an impact in the past week. With BTC’s price almost 20% adrift of its all-time high of $73.737, there have been increased calls for the premier cryptocurrency to return to the bull market. Interestingly, a recent on-chain observation shows that Bitcoin has witnessed substantial…

Dogecoin has been a focal point in the cryptocurrency world, and a mix of positive and negative signals is setting its future. On one hand, the number of Dogecoin addresses has been increasing. On the other hand, the recent technical analysis gives less reason for optimism over the short to medium term. What must investors make of this dual narrative? Dogecoin Rising Adoption: Silver Lining Data from the latest charts on Crypto Daily Trade Signals reveal that the number of…

The post Top Crypto to Buy Today in Market Crash appeared first on Coinpedia Fintech News Top Crypto to Buy: The overall cryptocurrency market is experiencing significant selling pressure as the US government and Mt Gox moved notable Bitcoin (BTC) in recent days. Amid this market downturn top cryptocurrencies that have the potential to skyrocket in the coming days are trading at very discounted prices. These top crypto include Ripple’s native token XRP, Solana (SOL), Dogecoin (DOGE), and Dogwifhat (WIF). …

According to the latest data from CryptoQuant, bears might be in control of Bitcoin given the asset’s funding rates reaching a negative level across all crypto exchanges, including Binance. For context, funding rates are essential in perpetual futures markets to ensure the price of perpetual contracts aligns closely with the spot market. These rates can be either positive or negative, depending on market conditions. A positive funding rate implies that long position holders pay shorts, typically signaling bullish sentiment. Conversely,…

The crypto market is poised for an exciting rebound, promising significant gains for savvy investors. Beginners looking to capitalize on this momentum will find valuable insights here. This article uncovers five promising cryptocurrencies ready to surge, offering potential high returns. Discover which digital coins could deliver impressive growth in the next market upswing. Ripple (XRP) XRP is currently trading between $0.44 and $0.65 and, despite recent bearish trends, shows promising signs of potential if the market rebounds. The coin’s price…

The post Best Altcoins To Stack Right Now Amid Ongoing Market Correction! appeared first on Coinpedia Fintech News The cryptocurrency market continues displaying a mixed price action with the price of Bitcoin constantly hovering close to its important resistance/support level of $58,000. However, taking advantage of the present situation, mid-cap altcoins have regained momentum and added significant value to their respective portfolios within a short period. Planning on investing in such altcoins? Scroll down as, in this article, we have…

The post Is the Next Crypto Market Crash Coming? How Japan’s Economic Shifts Might Impact Bitcoin appeared first on Coinpedia Fintech News The cryptocurrency industry, led by Bitcoin (BTC) and Ethereum (ETH), has been attempting to recover from the recent global market crash. The rising correlation divergence between major stock indexes and Bitcoin has increased fear of further crypto capitulation.   While Bitcoin price has hovered around $58k in the past 24 hours, Japan’s NIKKEI 225 Index jumped nearly 4 percent…

The post Crypto Market Correction: Bitcoin Retests $56K Mark, Ethereum Price Holds $2,500 Level! appeared first on Coinpedia Fintech News The cryptocurrency market has recorded a strong bearish action over the past day. Notably, with a trading volume of $74.7 Billion (+7.40%), the valuation has recorded a drop from $2.08 Trillion to $2.05 Trillion, a change of -1.23%. Moreover, the price of Bitcoin failed to hold momentum, resulting in it retesting its low of $56,000 during the early Asian trading…

On average, a crypto bear market lasts about a year, sometimes extending to two. This phase occurs when supply surpasses demand, causing prices to decline over an extended period. One of the most severe bear markets unfolded in 2022. During this time, FTX, one of the largest crypto exchanges by trading volume, collapsed following a massive bank run. The downfall triggered a ripple effect, leading to the collapse of several hedge funds and lending protocols, marking a significant low point…