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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MarketWorldcoin Integrates Alchemy for World Chain Launch, Eyes European Market
Worldcoin partners with Alchemy for advanced blockchain infrastructure. Targeted European market expansion with World ID orb verifications. According to the latest announcement on the Worldcoin Blog, the company has introduced a new partnership with Alchemy to provide the infrastructure for World Chain. Earlier, CNF reported that Worldcoin’s (WLD) $3 surge was fueled by global expansion and positive verdicts. New Focus on the European Market Unlike previous regional strategies in Latin America, this new partnership focuses on the European market, aiming…
12 months ago
German Government’s $55M Bitcoin Move Sparks Speculation Amid Market Turbulence
The German government sold 900 BTC worth over $54 million on June 25. The government’s Bitcoin wallet still holds over $2.8 billion worth of BTC, which could exert significant selling pressure. The current instability in the crypto market has triggered a surge in transactions as both whales and investors reshuffle assets to navigate the downward momentum. This activity has revived long-dormant wallets and attracted attention from large-scale portfolio holders, including the German government. German Government Shuffles Bitcoin A crypto wallet…
12 months ago
Cardano Holds Strong After DDoS Attack: Market Outlook Turns Bullish For ADA
The Cardano network recently faced a distributed denial of service (DDoS) attack, a malicious attempt to disrupt its operations. However, the mechanisms and decentralized structure of Cardano effectively mitigated the attack, ensuring uninterrupted stability and operation. This display of resilience has garnered praise from bullish investors and renewed confidence in the price appreciation prospects of Cardano’s native token, ADA. DDoS Attack Propels Bullish Sentiment Jaromir Tesar, an industry expert, highlighted that most services, including SundaeSwap, which processed many orders, continued…
12 months ago
Toncoin Defies Market Downturn, Targets $10 as Telegram Community Expands
Toncoin (TON) is showing resilience amidst wider market turbulence driven by the growth of Telegram worldwide. The Toncoin network continues to record impressive growth, with a 96.56% increase in June. Toncoin (TON) continues to lead the crypto market, defying the market downturn recorded by large-cap cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). The Telegram-backed altcoin has impressed for the better part of the year, leading to its rise into the top ten ranked coins in the market. While most…
12 months ago
Investors Rush to Buy These Cryptos as Indicators Point to Market Recovery
The post Investors Rush to Buy These Cryptos as Indicators Point to Market Recovery appeared first on Coinpedia Fintech News The long-anticipated Bull Run and altcoin season are just around the corner. Market indicators suggest a swift recovery is imminent, sparking excitement among investors. The overall market remains calm, offering a unique opportunity as altcoins sit at their low trading prices, poised to erupt at any moment. Investors are already scrambling to acquire key cryptocurrencies, anticipating massive returns when the…
12 months ago
The Crypto Market Enters In A Consolidated Phase As Top Tokens Record Neutral Trend!
The post The Crypto Market Enters In A Consolidated Phase As Top Tokens Record Neutral Trend! appeared first on Coinpedia Fintech News After trading under a bearish sentiment for about a week, the crypto market has added 0.61% to its global valuation within the past 24 hours. However, the market leader, Bitcoin price continues to trade in its $61K range with a 36.61% drop in its trading volume to $27.57 Billion. Furthermore, the Ethereum (ETH) price has displayed a sideways…
12 months ago
Crypto Market Crash: These Altcoins Are Outperforming Bitcoin
The post Crypto Market Crash: These Altcoins Are Outperforming Bitcoin appeared first on Coinpedia Fintech News On Crypto Banter’s The Sniper Trading Show, the analyst opened up about the short-term outlook for Bitcoin. He said that the coin may aim for the $62,000 to $63,000 range, and any break above $62,000 could push it towards $65,000. Closing above these levels this week would be a strong sign. However, there’s also a chance Bitcoin might retest its recent lows, potentially dropping…
12 months ago
Dogecoin Attracts Nearly $21 Million in Accumulation Amid Market Decline: Can Bulls Spark a DOGE Price Rally?
The post Dogecoin Attracts Nearly $21 Million in Accumulation Amid Market Decline: Can Bulls Spark a DOGE Price Rally? appeared first on Coinpedia Fintech News Despite Bitcoin’s recent decline towards the $58K level, the meme coin sector has maintained its momentum. Many top meme coins preserved their volatility during the sharp market drop, as they are generally less affected by market declines. Notably, Dogecoin’s price has rebounded from its recent low due to increased accumulation. Currently, DOGE is targeting a…
12 months ago
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MarketSolana-Based Memecoins $BONK and $FLOKI Shine Despite Market Woes
Memecoins have not been immune to the broader crypto market downturn. Two Solana-based memecoins, Bonk ($BONK) and Floki ($FLOKI), have, however, surged in recent market slumps. Solana-based memecoins have performed exceptionally well in the recent bull run, delivering significant returns to investors. The crypto market has been on a downtrend over the past weeks, affecting all sectors within the crypto market. With Bitcoin ($BTC) down majorly over the past week and most altcoins following suit, two Solana-based memecoins, Bonk ($BONK)…
12 months ago