Plunge

The post Cryptocurrency Market Stumbles Again As Bitcoin (BTC) Price Plunge Below The $59K Mark! appeared first on Coinpedia Fintech News Over the past 24 hours, the crypto market has recorded a drop of 3.99% in valuation, from $2.14 Trillion to $2.05 Trillion, a loss of $90 Billion. Following this, the market leader, BTC price recorded a correction of 3.93% with a trading volume of $25.061 Billion. Further, it has recorded a 24-hour low of $58,207.36 and is presently trading…

Amid Bitcoin (BTC) continuous struggle for a major rally to new heights, miners powering the Bitcoin network are experiencing significant economic shifts. Particularly, recent data shows a stark reduction in Bitcoin reserves held by miners, signaling potential shifts in market stance or miner strategies. Bitcoin Miner Reserves: A Plunge To 3-Year Low Following the latest Bitcoin Halving—an event that reduced the block rewards miners earn for their computational efforts—which occurred back in April, the total Bitcoin reserves held by miners…

After enduring a substantial drop to a seven-month low earlier this week, Bitcoin (BTC) showed resilience by reclaiming ground above the $57,000 threshold on Tuesday, sparking optimism among bullish investors who hoped that the worst of the downturn was behind them.  However, the leading cryptocurrency has quickly retraced over 3% in the past few hours, slipping back towards the $54,900 level, suggesting a possible continuation of the prevailing downtrend. BTC’s CME Gap & Bearish Indicators Crypto analyst Rekt Capital weighed…

Bitcoin may be experiencing a price recovery towards the $57,000 level after a sharp 20% drop on Monday that sent the largest cryptocurrency on the market to a low of $49,000 not seen since February. Still, BTC is not out of the woods yet, as a concerning pattern has emerged on its 10-day chart.  Analysts Spot Bearish Signals According to technical analyst Ali Martinez, Bitcoin is forming a rising wedge pattern, a bearish continuation pattern often linked to further downtrends. …

The post Top Altcoins Feared to Drop Below $10 if the Crypto Markets Continue to Plunge for the Next 24 Hours appeared first on Coinpedia Fintech News The crypto market is plunging! The Bitcoin price is falling! Massive chaos has erupted in all markets around the world, causing widespread turmoil. Bitcoin slumped suddenly below $50,000, raising alarms across the markets. While no crypto has been listed in the gainers lists, some of the altcoins are on the verge of losing…

Bitcoin price declined further below the $55,000 support zone. BTC is down over 15% and might even slide toward the $50,000 zone. Bitcoin gained bearish momentum below the $56,500 and $55,000 support levels. The price is trading below $55,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $56,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start a decent recovery wave if it…

The post Gold Shines As Ethereum ETFs Plunge: Will ETH Fall to $2K? Peter Schiff Weighs In! appeared first on Coinpedia Fintech News The much-anticipated debut of Ethereum (ETH) spot ETFs in the U.S. has sent shockwaves through the crypto market. Contrary to expectations, ETH’s price has plummeted since the ETFs launched. Is this the beginning of the end for the second-largest cryptocurrency? Renowned economist and global strategist Peter Schiff has added fuel to the fire, highlighting the stark contrast…

Polygon (MATIC) recently broke below the crucial support level at $0.5 and is at risk of further price declines. This price drop is thanks to several traders who offloaded their tokens as soon as Polygon reached this support level amid the downtrend in the broader crypto market. Polygon Faces Significant Selling Pressure The Exchange-Onchain Market Depth indicator on the market intelligence platform IntoTheBlock shows that Polygon is currently facing significant selling pressure. Over 90 million tokens were sold after the…

The post What’s Cooking With the Pepe Price Rally? It is Preparing to Plunge Below $0.0001 or Rise to $0.000015? appeared first on Coinpedia Fintech News The crypto markets are again consolidating as the bears are trying hard to reclaim their dominance, which has shaken in the past few days. Ever since Bitcoin’s price attempted to hit $70,000, market participants have been pretty bullish on the upcoming price action. Besides, the altcoins are also displaying huge potential to maintain a…