Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
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XRP’s Future Hinges on SEC vs. Coinbase Ruling Amid Broader Crypto Market Uncertainty
Analysts suggest that developments in Coinbase’s legal proceedings could influence XRP’s price movement going ahead. Ripple’s Chief Legal Officer, Stuart Alderoty, recently criticized the SEC and Chair Gary Gensler for their regulatory approach, citing concerns over excessive regulations stifling the digital asset sector. While the crypto community has been eagerly awaiting the final settlement and resolution in the SEC vs Ripple case, the focus has recently shifted to the SEC vs. Coinbase battle. Market analysts believe that the XRP price…
11 months ago
A Bear Market Hero: Sage Universe
The post A Bear Market Hero: Sage Universe appeared first on Coinpedia Fintech News The past three weeks have been tumultuous for cryptocurrency markets. With fears of a new bear market looming, investors are selling off their positions and retreating to tether. What was anticipated to be the “summer of George” by Cem Karsan, a seasoned options market professional, has instead turned into a summer of downward volatility for cryptocurrencies. Bitcoin has lost its crucial support at $60K, Solana has…
11 months ago
Bitcoin ETFs See $143.1 Million Inflows Despite Market Volatility
Bitcoin ETFs are recording massive inflows despite the strain in the broader market. Bitcoin price has been under intense pressure amid Mt.Gox and the German government’s selloff. The Bitcoin (BTC) Exchange-Traded Fund (ETF) market appears to be waking up from slumber as all products recorded $143.1 million in new money on Friday. This recovery is a notable feat for the spot BTC ETF market as it is the highest figure recorded in the past two weeks. An Uptick in Bitcoin…
12 months ago
Future-Proofing Your Crypto Wallets for New Market Trends
The crypto landscape changes at breakneck speed. Staying ahead means adapting your wallets to handle new trends and technologies. It is not just about holding coins anymore; interoperability, security, and NFT support now matter too. You want a wallet that can evolve with the market. Think about integrating multi-chain compatibility or ramping up on cutting-edge security protocols like MPC (multi-party computation). Don’t overlook the growing world of NFTs either – your future self will thank you for it. This guide…
12 months ago
Santiment Signals Short-Term Bullishness for Ethereum and Dogecoin Amid Market Correction
On-chain data shows that seven altcoins, including Dogecoin (DOGE), Uniswap (UNI), and Litecoin (LTC), have seen their MVRV metric drop into negative territory, suggesting these coins are currently oversold and undervalued. Bitcoin’s MVRV ratio has turned negative for the first time since March 2023, currently around -9.65%. While the broader cryptocurrency market has come under intense selling pressure recently, on-chain data for some of the altcoins has been flashing a buy signal. Santiment, a prominent crypto analytics firm, has recently…
12 months ago
Top Real World Assets Tokens To Buy Amid Ongoing Market Correction!
The post Top Real World Assets Tokens To Buy Amid Ongoing Market Correction! appeared first on Coinpedia Fintech News The cryptocurrency market has displayed a positive price movement following the price of Bitcoin successfully reclaiming the $57,000 mark. Moreover, top altcoins have recorded a notable uptrend in their respective portfolios over the past few hours. On the other hand, the Real World Assets (RWA) category has regained momentum with some tokens recording double-digit gains within the past 1 hour. With…
12 months ago
Is Bitcoin Undervalued Now? Industry Expert Decodes The Market State
On Saturday, Bitcoin experienced a robust rally, climbing above $58,250. Despite this upward movement, it was unable to sustain the momentum and close above the 200-day Exponential Moving Average (EMA). This led to the formation of a bearish engulfing candlestick pattern on Sunday, signaling potential downside momentum. Currently, Bitcoin is trading below $56,000, positioning it at a critical juncture in terms of technical analysis and market sentiment. Sina G, the COO and co-founder of 21st Capital, provided a breakdown of…
12 months ago
Crypto Investment Strategy: Top 5 Best Bet Altcoins Amid Market Crash
The post Crypto Investment Strategy: Top 5 Best Bet Altcoins Amid Market Crash appeared first on Coinpedia Fintech News In a recent video, analyst Michaël van de Poppe delves into the ongoing crypto crash and why his altcoin strategy failed. All this and much more! Read on. Understanding the Current Crypto Crash Van de Poppe begins by noting the significant downturn in the crypto market, with altcoins like Arbitrum and Optimism hitting unprecedented lows and Bitcoin dropping to around $54,000,…
12 months ago
Top 3 Altcoins For Crypto Investors In July 2024 As Market Takes a Hit
The post Top 3 Altcoins For Crypto Investors In July 2024 As Market Takes a Hit appeared first on Coinpedia Fintech News Due to the hype of its AI-related solutions, recent activities have witnessed a standout performance from Render (RNDR) amongst its AI token counterparts. Whereas, top altcoin Injective (INJ) is seen making waves in the DeFi market as it begins to regain bullish sentiments. At the centre of it all is Angry Pepe Fork (APORK), emerging as the top…
12 months ago