Market

As the defunct cryptocurrency exchange Mt. Gox prepares to distribute around $9 billion worth of Bitcoin, some investors are worried about the potential impact on prices. However, industry experts and major creditors believe that any short-term volatility will be outweighed by BTC’s long-term bullish prospects.  With the approval of US spot Bitcoin exchange-traded funds (ETFs), many market experts anticipate that the market will absorb the newly available tokens.  Bitcoin Optimism Among Market Participants As reported by our sister website, Bitcoinist,…

Chainlink co-founder, Sergey Nazarov has predicted that the total market value could surge above 10 trillion fueled by consumer and hedge fund interest. Nazarov’s optimistic prediction can be supported by Chainlink’s recent price surge, and network adoption, indicating the continued growth in investor interest in the crypto space. Chainlink co-founder Sergey Nazarov has made a bold prediction regarding the future of the cryptocurrency market. Nazarov believes that cryptocurrency is in its “early to mid-stage ” level of growth holding potential…

One crypto analyst says Render (RNDR) is the crypto to buy and hold over the coming weeks, especially for investors not seeking quick intra-day speculative profits. He’s also bullish on Celestia (TIA) but warns that Lido DAO (LDO) may soon retest its lower Fibonacci retracement levels and urges caution with the Ethereum staking project. Artificial intelligence is the hottest technology in the world, and investors are buzzing about anything related to AI. This includes crypto, and while most AI-focused projects…

The post Cryptocurrency Market Enters A Consolidated Phase As Top Tokens Record A Neutral Trend This Week! appeared first on Coinpedia Fintech News The market leader, Bitcoin price, has continued to hover close to its support of the $68,000 mark by recording a price fluctuation of +1.25% over the past seven days. Moreover, the Ethereum token has followed in the footsteps and displayed a similar price action by losing 1.07% this week. Furthermore, the memecoin category has recorded a strong…

The post GigaPips by Avenix Fzco: Revolutionizing Automated Forex Trading in the Gold Market appeared first on Coinpedia Fintech News Avenix Fzco is a fintech company located in Dubai, United Arab Emirates. Recently, the company introduced GigaPips, an advanced forex robot designed for use in gold markets. The software was created to provide traders with more tools and strategies needed to improve their performance and potentially meet their financial objectives.  GigaPips is a well-crafted forex robot that exclusively deals with…

Mt. Gox, the defunct Bitcoin (BTC) exchange that suffered a major collapse in 2014 has recently initiated payout distribution to creditors waiting for it.  The release of a substantial amount of BTC, equivalent to $9.4 billion, on May 27th has raised concerns about potential market liquidity and price stability. In response, the on-chain market intelligence platform CryptoQuant has provided an analysis of the potential impacts of this development.  Potential Market Effects According to the firm’s analysis, 138,000 Bitcoin moved significantly…

Crypto analyst TechDev has offered a bullish narrative for the crypto market. He recently hinted that a parabolic move is imminent for Bitcoin and altcoins, following his statement that the market has entered an important phase in this bull cycle.  Crypto Market Has Began “Macro Bullish Expansion” TechDev mentioned in an X (formerly Twitter) post that “the entire crypto market has just begun its first macro bullish expansion in three and a half years.” The analyst shared a bi-monthly chart…

New York, United States, May 29th, 2024, Chainwire As the cryptocurrency markets continue to exhibit bullish behavior, CryptoHeap, a frontrunner in cryptocurrency staking services, is excited to announce its commitment to providing 24/7 support for all investors throughout this volatile period. This round-the-clock support is designed to assist stakers in navigating the complexities of the market, ensuring they can make the most of their investments regardless of their experience level or the amount staked. Salvage Warwick, spokesperson for CryptoHeap, emphasized…

XRP whales dump 50 million tokens, sparking market speculation. Analysts maintain a bullish outlook despite bearish trends. The cryptocurrency market is still paying attention to the Ripple Labs crypto, XRP. The cryptocurrency is now valued at $0.5277 on CoinMarketCap, slightly up 0.19% over the last day. Having fallen 1.28% in the previous week, it is still in a bearish position nonetheless. Traders and investors in the cryptocurrency industry are speculating a lot about its future price trajectory because of this…