Market

Memecoins are set to pump during the upcoming trading sessions, fueled by the overall bullish momentum that they have experienced despite the harsh market conditions. Specifically, Mog Coin (MOG) is up 20% on the weekly chart, while Book of Meme (BOME) has risen 18%. Alongside them, Angry Pepe Fork is poised to experience a growth rate of 100x, which will be fueled by the Conquer to Earn model. To see why this is the case, we will go over each…

Justin Sun, founder of Tron, has invested $5 million in Ethereum (ETH) amidst the Spot Ethereum ETF frenzy. Sun has accumulated over 362,751 ETH since February 2024, using three different wallet addresses. Justin Sun, founder of Tron, has made a significant move in the cryptocurrency market by investing $5 million in Ethereum (ETH). This purchase marks Sun’s entry into the frenzy surrounding Spot Ethereum ETFs. Spot On Chain, an on-chain analytics platform, has said that a large Ethereum transaction could…

Cardano (ADA) has recorded a significant 20.29% price increase for the past seven days in line with the current green movement for most cryptocurrencies. ADA trading volume has spiked massively since it bottomed out at $0.335 on July 8, allowing it to outperform the majority of the large market-cap cryptocurrencies. For those wondering, ADA’s price surge can primarily be attributed to large on-chain transactions in the past seven days.  Cardano Outperforming Many Cryptocurrencies Cardano is currently outperforming the market and…

Amid the growing market anxiety, a ray of hope emerged for cryptocurrency investors relying on Fetch.ai (FET). A renowned crypto expert predicts that after a dramatic 28% drop over the past month, the coin is set to have a huge comeback. Fetch.ai Shows Resilience Although unpredictability has haunted the crypto space, Fetch.ai has surprisingly survived the storm. The value of the token has plunged, but it has steadily recovered and lately climbed by almost 6%. Fetch.ai’s resilience has attracted the…

The post Coinbase Insights: Q3 Crypto Market Prediction Amid Bitcoin Sales and Fed Rate Cuts appeared first on Coinpedia Fintech News Coinbase, in its weekly market commentary, noted that the Q3 started on a sour note with supply overhangs generated by indiscriminate Bitcoin selling from sources like the German government. While the size of the Bitcoin sales hasn’t been large relative to daily BTC spot volumes, it has put pressure on Bitcoin prices. However, today, the German Government has emptied…

The German government has finally emptied its Bitcoin (BTC) wallet. On-chain data reveals that a series of transactions on July 12 concluded the government’s sell-offs. This decision has sparked discussion within the crypto community, highlighting speculation about the future impact on the market. German Government Bitcoin Sale Concludes, Market Awaits Long-Term Impact Arkham Intelligence data indicates that the German government began its sales spree yesterday by sending 2,700 BTC to major exchanges such as Kraken, Bitstamp, and Coinbase. Additionally, it…

Peter Berezin, chief global strategist at BCA Research, has predicted that the stock market will experience a significant crash by 2025. His prediction is noteworthy, given the impact that a decline in the stock market could have on the crypto market. Market Expert Predicts 32% Crash In Stock Market Berezin mentioned in an interview that the S&P 500 will decline by 32% and drop to 3,750 by next year. He explained that this downtrend would occur due to a recession…

The post Annual US PPI Rises To 2.6% Higher Than Market Expectations appeared first on Coinpedia Fintech News As per the latest release by The U.S. Bureau of Labor Statistics on Friday, the annual Producer Price Index (PPI) inflation in the United States rises to 2.6%, higher than market expectations of 2.3, up from 2.2% last month. Core PPI YoY also came 0.5% higher at 3.0%, much higher than 2.3% in the previous month. In month-over-month change, Producer Price Index…

The crypto market faced a major crash to start off July, and few were spared from the fallout of Bitcoin crapping the bed on the way to a low of $53K. When Bitcoin tanks, so does the rest of the market. XRP and Hedera were among the altcoins that took a violent pounding, with investors’ confidence fading fast for both. While the EOY crypto market projections for XRP and HBAR remain grim, low-cap gems like Rollblock ($RBLK) are riding high.…