Market

The post Robert Kiyosaki Predicts Major Market Crash, Followed By Bitcoin’s Climb To $10 Million appeared first on Coinpedia Fintech News The technical charts indicate the biggest crash in history is coming, shared Robert Kiyosaki in an X post. Prices of real estate, stocks, bonds, gold, silver, and Bitcoin will crash. He also wrote that technical charts indicate a major long-term bull market cycle, with the bull market climb starting in late 2025. He highlighted that this bull market cycle…

The post South Korean Regulatory Crackdown Might Delay Global Crypto Market Recovery appeared first on Coinpedia Fintech News The Financial Supervisory Service of South Korea on July 4 stated that a system to increase oversight and monitor unusual crypto trading activity is on the way. Crypto exchanges are notified to feed data and details into the system as the Virtual Asset User Protection Act goes into effect on July 19. While mass delisting is denied by South Korea’s Digital Asset…

The post Bitcoin Spot ETFs Experience Significant Outflows Amid Market Correction appeared first on Coinpedia Fintech News On July 3, 2024, Bitcoin spot ETFs saw a total net outflow of $20.4495 million. Grayscale ETF (GBTC) led the decline with a substantial single-day outflow of $26.9947 million. Conversely, Fidelity ETF (FBTC) experienced a single-day inflow of $6.5451 million. Despite the outflows, the total net asset value of Bitcoin spot ETFs stands at $51.872 billion.

TRON burned over 11 million TRX, showcasing a strong commitment to deflation and value growth. TRON leads stablecoin transactions with a 97.62% market share, surpassing Ethereum and other blockchains. On July 2nd, TRON made headlines by burning 11,531,634 TRX tokens. This important action shows the dedication of the network to deflation and value expansion. With a net negative production ratio of -6,465,123, TRON keeps its top position in the blockchain sector. These kind of token burns are vital in lowering…

The post Is Bitcoin Stuck in A Sideways Market? Key Conditions for a Major Price Surge appeared first on Coinpedia Fintech News At present, we see a sideways movement in Bitcoin. When we closely analyse the daily chart of Bitcoin/USD, what we see is the price of BTC oscillates between $71,700 and $58,000. It was after the BTC price touched its peak in mid-March that the crypto entered the sideways movement. What is the reason for this stagnation? One of…

The post Whale Sell-Off Crashes Crypto Market: LDO, AAVE, UNI & FXS Trading in Red appeared first on Coinpedia Fintech News Since last week, Bitcoin has been trying to recover after dipping to $58,562. Although it nearly reached $63,976 on July 1, increased selling pressure and continued selling of Bitcoin by the German government forced its price back down to $60,490, reflecting a 3.6% drop. On Wednesday, a prominent crypto whale or institutional investor sold millions of dollars worth of…

Lido DAO (LDO), the innovative liquid staking solution on the Ethereum network, has been on a wild ride lately. After a stellar run, the past week saw LDO plummet 24%, mirroring the broader cryptocurrency market’s turbulence. However, amidst the dip, a sense of cautious optimism flickers among investors, fueled by potential market shifts and bullish whispers from industry gurus. Lido’s Prominent Role In Ethereum Staking LDO’s recent price tumble isn’t a solo act. The entire cryptocurrency market has been dancing…

Bitcoin (BTC) has just dropped under $61,000 amid fears of continued selling from the US and German governments, and potential fresh selling from Mt. Gox BTC holders. Will the decline continue, or is $BTC at or near the bottom now? Bulls or bears? Bitcoin has been at the bottom of its range, and below $63,000 for the past ten days. Buyers and sellers are having a Battle Royale between the $63,000 down to the $60,000 price levels, and it’s still…

The post Is Binance planning to quit the Turkey market? appeared first on Coinpedia Fintech News Five days after the Turkish Parliament adopted a new crypto assets regulation bill, Binance global announced adjustments to its services in Turkey. Binance announcement titled “Updates to Binance’s services in Turkey under the new crypto regulations” stated that Binance.com will remain accessible to Turkey users however, the Turkish language will be turned off over the period of next three months. Turkish crypto assets regulation…