Market

The post Crypto Weekly Report: Top News, Key Updates and Market Analysis appeared first on Coinpedia Fintech News This analysis report, backed by quality data, covers the major developments the Web3, Blockchain, and Crypto sector has experienced this week.  1. Breaking News This Week  Ryan Salame Forfeits Bahamas Property in FTX Plea Deal Former FTX Digital Markets co-chief executive Ryan Salame transfers his multimillion-dollar Bahamas property to settle a plea agreement. This follows his guilty plea on criminal charges, with…

Ethereum’s price is yet to continue its uptrend following a rejection from the $4,000 resistance level. But the bulls are now showing signs of strength, perhaps staging a more considerable recovery. Technical Analysis By TradingRage The Daily Chart As the daily chart depicts, Ethereum’s price has been making lower highs and lows inside a descending channel since failing to break above the $4,000 resistance level. Yet, the cryptocurrency is climbing back above the $3,000 level and the midline of the…

JPMorgan’s cautious stance on digital assets underscores concerns over the fading retail interest and significant outflows from U.S. spot Bitcoin ETFs. Bitcoin options data suggests a potential summer slowdown in the cryptocurrency market, with traders anticipating low volatility. Wall Street banking giant JPMorgan stated that it is keeping a cautious stand on digital assets in the near term amid the lack of any stimulus and the retail interest disappearing in the short term. JPMorgan also added that retail investors were…

The post Navigating the Bear Market: Invest in Billion Dollar Jackpot, Polkadot, and Toncoin for Potential Huge Gains appeared first on Coinpedia Fintech News For investors seeking “Best Crypto For Huge Gains,” navigating digital finance requires a keen eye for projects that can weather the storms of a bear market. Understanding the market cycle is crucial.  Bull markets, characterized by surging prices and investor optimism, can propel even fledgling crypto projects to dizzying heights.   Unlock $BDJ’s Potential: Stake Now for…

The post Why Is the Crypto Market Up Today? appeared first on Coinpedia Fintech News The cryptocurrency market is making waves, experiencing a notable surge in the past 24 hours. Total market capitalization has shot up by 2.80%, hitting a whopping $2.18 trillion as of May 3. What’s fueling this surge? Well, it’s a mix of exciting developments both in the crypto world and traditional finance. PayPal’s Big Move with MoonPay The market’s recovery aligns with news of PayPal’s partnership…

Amid the ongoing market downturn, finding profitable altcoins to invest in has become difficult. However, despite the uncertainties, there are still some top altcoins to buy that will give massive returns in the coming months. They include KangaMoon, Ethereum, Solana, Fantom, and Injective. With the current market correction, now might be the best time to buy the dip. Let's see the reasons you should invest in these altcoins for massive returns soon. KangaMoon (KANG): The New Player in the Altcoin…

Experts now suggest that bitcoin may have reached a local bottom and will gradually recover over the coming months. BitMEX founder Arthur Hayes, for one, noted that the leading cryptocurrency might see a surge in value if, as he predicts, liquidity increases in the economy next week due to Janet Yellen’s policies. Bitcoin May Have Hit a Local Bottom In his latest blog post, Hayes said bitcoin’s latest slump has “played out” as he anticipated, attributing it to various factors…

The post XRP Market Cap Is Poised To Hit $2.61 Trillion Hints Top Crypto Analyst  appeared first on Coinpedia Fintech News In a recent tweet that has sparked excitement among XRP enthusiasts, well-known crypto analyst EGRAG CRYPTO hinted at an upcoming market movement for XRP, referring to it as the “3rd Kaboom.” EGRAG CRYPTO’s analysis suggests a significant breakthrough in XRP’s market cap will take XRP’s price to an unprecedented height.  Formation of Kaboom On XRP EGRAG CRYPTO is closely…

Bitcoin’s price recovery attempts continued in the past 24 hours as the asset neared $60,000 for the first time in days but failed to overcome that line. The altcoins are also slightly in the green, with ETH closing down on $3,000, while SOL has neared $140. BTC Goes for $60K The primary cryptocurrency experienced several quite brutal days in which its price dropped by more than eight grand. It all started quite positively actually as BTC soared to nearly $65,000…