Market

The post Top Reasons Why the Crypto Market is Down Today: Good Time to Buy? appeared first on Coinpedia Fintech News This week, major cryptocurrencies have been on a rollercoaster ride as a wave of news sent shockwaves through the market. From the early week’s U.S. CPI and PPI data, negative inflow in spot ETFs, and Bitcoin miner capitulation, investors are scrambling to make sense of it all. One key question is on everyone’s mind: has Bitcoin begun a prolonged…

The post Crypto Market Analysis: Bitcoin Price CRASHES to $65k! What Next? appeared first on Coinpedia Fintech News This week, the cryptocurrency market experienced a significant downturn as Bitcoin, the leading digital currency, dropped to its lowest value in four weeks. The week started with optimism due to easing inflation data, but hopes were quickly dashed, especially for Bitcoin. Following Bitcoin’s lead, other major cryptocurrencies like Solana, Avalanche, Cardano, and Near also suffered substantial losses, falling between 15-20%. A Sudden…

The post Top Mid-Cap Altcoins Poised for a 10X Rally After the Current Market Correction appeared first on Coinpedia Fintech News The crypto market is showing signs of recovery after recent dips. With the 2024 bull run in full effect, some promising mid-cap altcoins are catching the eye of investors. Analysts are identifying which of these digital currencies have the potential to see significant gains. Discover the altcoins that might be on the brink of a huge rally and could…

The cryptocurrency market has been experiencing a significant downturn, with Bitcoin leading the way by retracing to the $65,000 mark after failing to retest its all-time high of $73,700 reached in March.  Market expert Michael van de Poppe has shed light on the reasons behind this ongoing bloodbath, highlighting several key factors that have contributed to the current state of the market. Crypto Market Battles Uncertainties A key event highlighted by van de Poppe is last Wednesday’s release of the…

The post Veteran Crypto Trader Predicts Bitcoin’s Market Cap to Equal Global Gold Reserves appeared first on Coinpedia Fintech News Peter Brandt, a veteran trader in the cryptocurrency space, has caught the attention of investors with his recent prediction regarding Bitcoin’s market cap. Brandt suggests that Bitcoin’s market cap could soon equal the value of all global gold reserves which is estimated at around $15.935 T. Brandt’s Bold Prediction In a recent tweet, Brandt highlighted an intriguing scenario where Bitcoin’s…

James Check has predicted that Bitcoin could surge by 120% from its current price exceeding $100,000 in the current bull cycle. Despite high fees and slow transactions limiting its scale of usability, Bitcoin’s unique features position it as a favorable store of value and a strong contender to replace gold. James Check, former leader of the analyst team at Glassnode, has shared a very bullish outlook for Bitcoin (BTC) with the analyst predicting a six-figure price in the current cycle.  …

Ethereum price struggled to clear the $3,650 resistance. ETH started another decline and there is now a risk of more dips below the $3,420 support. Ethereum started a fresh decline below the $3,550 support zone. The price is trading below $3,540 and the 100-hourly Simple Moving Average. There is a crucial bearish trend line forming with resistance near $3,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it stays below the $3,550…

Uniswap (UNI), a prominent decentralized exchange token, is bracing for further declines as the broader cryptocurrency market experiences a significant downturn. Recent market trends indicate a continuation of bearish momentum, which has impacted UNI’s price negatively.  Several factors, including macroeconomic uncertainties, regulatory pressures, and shifts in investor sentiment, are contributing to this extended downtrend. As Uniswap’s price breaks key support levels, the likelihood of additional losses increases. This article delves into UNI’s price analysis with the help of technical indicators…

Donald Trump declared himself the “crypto president” during a fundraiser that was held in San Francisco. Moreover, the Former President promised to end what he calls the “Biden-Gensler crusade against crypto.” Donald Trump is the Republican presidential candidate, and the comments made about cryptocurrencies have raised speculation about an imminent market rally. As a result, we will now look at the top 5 altcoins that traders can pick in order to get the maximum returns. Today, we will look at…