Market

The post Who’s Behind the Massive Bitcoin Sell-off? Market Mystery Revealed appeared first on Coinpedia Fintech News The cryptocurrency market has been rocked with high pessimism amid heightened fear of further bearish sentiments over the weekend. Bitcoin (BTC) price dropped around 3 percent in the last 24 hours to hover around $63,900 on Friday during the London session.  The cryptocurrency market mimicked major stock indexes in Asia and Europe that were in red, despite the notable rise in global liquidity…

The post Michaël van de Poppe Predicts a Major Altcoin Pump Triggered by Ethereum’s Market Resilience  appeared first on Coinpedia Fintech News The cryptocurrency market has turned bearish in the midterm as Bitcoin (BTC) price slipped below $64k on Friday during the London session. The notable cash outflows from the United States-based spot Bitcoin exchange-traded funds (ETFs) in the past five days have weighed heavily on the bullish sentiments.  On Thursday, Grayscale’s GBTC and Fidelity’s FBTC led in net cash…

XRP, one of the leading cryptocurrencies, is currently grappling with extended bearish pressure amid prevailing market weakness. The digital asset has been facing significant downward momentum, influenced by a confluence of factors including macroeconomic uncertainties, regulatory challenges, and broader market sentiment.  Thus far, XRP’s price has struggled to maintain key support levels, exacerbating concerns among traders and investors about its near-term performance. As bearish momentum continues to dominate, this analysis delves into evaluating XRP’s current market position with the help…

XRP price struggled to surpass the $0.500 resistance zone. The price is moving lower and showing bearish signs for a move below the $0.4850 support. XRP price faced another rejection near the $0.50 resistance zone. The price is now trading below $0.4950 and the 100-hourly Simple Moving Average. There was a break below a short-term rising channel with support at $0.4920 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could extend losses if there…

Ethereum price struggled to climb above the $3,650 resistance and trimmed gains. ETH is now signaling a downside break and might decline below $3,450. Ethereum is trimming gains from the $3,620 resistance zone. The price is trading below $3,550 and the 100-hourly Simple Moving Average. There was a break below a short-term rising channel forming with support at $3,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if it dips below the…

In a market that has long been captivated by the rapid rise and often speculative nature of meme coins like Dogecoin (DOGE), Shiba Inu (SHIB) and PEPE, a notable shift is underway. According to Ki Young Ju, the CEO of CryptoQuant, the once-dominant meme coins are witnessing a decline in market influence, potentially signaling a maturing cryptocurrency landscape. The Decline of Meme Coins Dominance Ki Young Ju’s analysis reveals a significant reduction in the dominance of meme coins within the altcoin…

The Bitcoin price crash below $66,000 has taken the market by surprise, leading to over $90 million in liquidations in a 24-hour period. But even after dropping so much already, analysts do not believe that the worst is over. In particular, crypto analyst Ali Martinez has said that Bitcoin may still have a ways to go before the crash is over, prediction another 20% decline from here. Bitcoin Falls Below Major Pricing Band Crypto analyst Ali Martinez posted a new…

The cryptocurrency market, known for its volatility and dynamic nature, requires robust analytical techniques to guide trading and trading decisions. Traders need to employ various strategies to navigate this market effectively. Unicapital offers advanced tools that integrate three critical types of market analysis: Fundamental Analysis, Technical Analysis, and Sentiment Analysis. Understanding these methods can significantly enhance one's trading effectiveness, helping both novices and seasoned traders achieve their trading goals. 1. Fundamental Analysis (FA) Fundamental Analysis involves evaluating the intrinsic value…

The Binance team has unveiled several initiatives in the recent past geared towards revitalizing the BSC ecosystem and fueling the mainstream adoption of BNB ahead. BNB price is well positioned for midterm recovery as Binance reenters the Indian market among other global markets. Following the recent extreme negativity and fear toward Bitcoin (BTC) holding that has resulted in notable crypto liquidations, Binance native coin (BNB) price has dropped to the last three-month consolidation phase.  The large-cap altcoin, with a fully…