Market

Pepe (PEPE)'s recent meteoric rally has sparked a frenzy in the meme market. The frog-themed meme coin registered a remarkable 100% increase in the last 30 days. Dogwifhat (WIF) is also on the rise after breaking its previous resistance level.   However, the best meme coin to buy right now is Raboo ($RABT). This AI-backed meme coin has already raised over $1.3 million from investors while in its presale and is projected to hit a 100x rally on launch day.…

Ethereum price tested the $3,040 zone and corrected gains. ETH is now testing the $2,925 support and might aim for a fresh increase. Ethereum started a downside correction after the bears defended $3,040. The price is trading below $2,960 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,965 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a close below…

Bitcoin price rallied and tested the $66,500 zone. BTC is now consolidating gains and might attempt another increase toward $67,500. Bitcoin started a consolidation phase from the $66,500 resistance zone. The price is trading above $65,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $65,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless the bears push it below $63,800.…

K33 Research has disclosed that the upcoming repayments by FTX to creditors could increase buying pressure and cause a strong market performance later in the year.  However, a section of the crypto communities raises concerns about the overall repayment plans expected to be based on November 2022 prices.  The crypto market has in the early hours of trading shown a little sign of resurgence, evident in the 3.96% surge in the total market cap. Fortunately, renowned analysts anticipate continuous growth…

The post ETH/BTC Ratio Declines to Three-Year Low Despite Market Recovery: What’s Next for ETH Price? appeared first on Coinpedia Fintech News Bitcoin’s price surged robustly towards $66K following softer-than-expected U.S. inflation data. This push has brought the crypto market close to resistance levels. However, the ETHBTC ratio has been declining sharply. Analysts see this as a sign of declining interest in Ethereum’s price as Bitcoin’s ETF hype continues to attract altcoin investors. Negative Sentiments Impact Ethereum     The price ratio…

Bitcoin surged above important resistance levels on Wednesday, and is currently trading at just under $66,000. Has the bull market now resumed, or will this be another fake rally? A glorious surge A glorious 7.6% surge from $BTC took place on Wednesday. Not only did this mean that the beleaguered support at $61,000 did its job and held solid, but also that the $63,000 resistance was shattered. Wednesday’s price action has printed a long green engulfing candle on the daily,…

The post Crypto Market Records A Significant Inflow With The Price Of Bitcoin Recording A 24-Hour High Of $66,667.89! appeared first on Coinpedia Fintech News Following the release of the US CPI report yesterday, inflation eased to 3.4% in April, meeting expectations. This resulted in the crypto market recording a positive price action with the global market cap recording a jump of 5.52% and a trading volume of $99.05 Billion (+37.02%). Furthermore, the market leader, BTC price, added 6.67% to…

Solana started a fresh increase above the $150 resistance. SOL price is up nearly 15% and might continue to rise if it clears the $165 resistance. SOL price recovered higher and tested the $162 resistance against the US Dollar. The price is now trading above $150 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $148 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair…

Bitcoin price is up nearly 8% and it broke many hurdles. BTC is now consolidating gains and might correct in the short term toward $65,000. Bitcoin started a strong increase and cleared the $63,500 resistance zone. The price is trading above $65,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $61,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct gains…