Plunge

Bitcoin has observed a crash below the $58,000 level today. Here’s what could be a potential cause for it, according to on-chain data. Bitcoin Long-Term Holders Have Just Taken Large Profits As pointed out by an analyst in a CryptoQuant Quicktake post, the Bitcoin long-term holders harvested a large amount of profits during the latest price drawdown. The on-chain metric of interest here is the “Spent Output Profit Ratio” (SOPR), which basically tells about whether the BTC investors are selling/transferring…

The post Solana Price Stuck Within a Bearish Trend, While the SOL Price May Not Plunge Below $100! appeared first on Coinpedia Fintech News A fresh bearish case has stuck in the crypto markets, which has slashed the Solana price below $135, losing over 15% since the last trading day. While the market participants look out for an extended descending trend that could drag the price below $100, the trade set-up suggests the bulls have captivated the key support levels.…

Bitcoin has long been a hallmark of the cryptocurrency markets, thriving on its 24/7 accessibility. Weekend trading, once a notorious breeding ground for volatility, has been especially significant in the cryptocurrency landscape. However, a recent report by Kaiko reveals a not so rosy picture – BTC weekend trading volumes have plunged to historic lows, potentially marking a new era dominated by institutional weekday warriors. Bitcoin Trading Activity Takes A Nap Kaiko’s data is straightforward: Bitcoin weekend trading activity has shrunk…

The post Altcoins Losing Momentum! ALEX And STX Price Poised For 10% Plunge? appeared first on Coinpedia Fintech News Despite the top cryptocurrencies of the market such as Bitcoin, Ethereum, and other tokens constantly struggling to regain momentum, mid-cap and low-cap altcoins have gained significant attention, resulting in them adding significant value to their respective portfolios. Moreover, top-chain tokens have recorded a similar trend as the market leader and have recorded a notable correction in their respective portfolios. With the…

The crypto market is shaky, with 24-hour price plunges for XRP and Flare Token, but savvy investors know dips are a chance to explore new frontiers. While big names like XRP and FLR are down, exciting new crypto projects are taking off. The presale of WW3 Shiba is finally here, ready to launch a one-of-a-kind game and a utility-packed token, all boosted by the burgeoning meme coin market, currently standing at a giant $48 billion.  XRP price tumbles despite Ripple’s…

The overall bearish sentiment in the crypto market has even the top DeFi coins testing new supports and recording new monthly lows. Solana (SOL) is trading some 42% off its high in April, and Filecoin (FIL) hit a new low last week at a value last recorded in November 2023.  It’s tough for the DeFi coins to return to the bullish zone, and traders are a little impatient. Raboo ($RABT) is an eager alternative for just about any trader, short-term…

Bitcoin price started another decline after it struggled near $64,550. BTC declined below the $63,500 support and might continue to move down. Bitcoin started a fresh decline from the $64,550 resistance level. The price is trading below $63,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $63,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses if there is a clear move…

The post Memecoins in Deep Distress: While FLOKI, WIF, BONK, and PEPE Plunge Hard, It Could be a Good Buying Opportunity as Well appeared first on Coinpedia Fintech News The bearish cartel launches a fresh attack over the crypto space and drags the BTC price below $65,000 for the first time in the past 40 days. Meanwhile, memecoins like FLOKI, WIF, & BONK price near double-digit losses. Here’s what to expect from these tokens by the end of the month. …

The post Raoul Paul Makes Epic Prediction For Solana Amid Market Plunge appeared first on Coinpedia Fintech News The founder and CEO of Real Vision has delivered an epic prediction for Solana, linking its potential growth to bananas, which are slowly ripening but should be magnificent in the autumn. He has exhibited his belief in a substantial future price upswing for SOL. Pal suggested that the current price drop might present a buying opportunity for those looking to increase their…