Plunge

Buckle up, crypto enthusiasts; this week has been a rollercoaster! Render's price took a nosedive, leaving some investors feeling rendered speechless. Also, Cardano seems stuck in neutral, neither accelerating nor decelerating. But fear not, because Raboo is rallying like a champion, with its price soaring through the roof. This article will analyse the market frenzy and each coin’s behavior and discuss the factors that influence it. Read on to find out more. Render’s price plunges According to Coin Market Cap,…

Renowned trader Peter Brandt recently provided insights on the Bitcoin price potential market movements, projecting a challenging period followed by a significant rally. This analysis comes as Bitcoin’s current trading behavior exhibits signs that might concern short-term investors. Bitcoin’s Precarious Path: Potential Drop and Subsequent Rally Brandt’s analysis indicates that if Bitcoin breaks the $65,000 threshold, it could trigger a further drop to around $60,000, potentially dipping as low as $48,000. So far, Bitcoin has struggled to sustain momentum above…

The post Will Ethereum (ETH) Price Head Toward $4K Mark Or Plunge To $3.4K This Week? appeared first on Coinpedia Fintech News The cryptocurrency market leader, Bitcoin price, failed to hold its price above the $70K mark and continues to display a weak price action. This resulted in top altcoins recording significant corrections in their respective portfolios over the past weekend.  On the other hand, the altcoin leader, the Ethereum token, has followed in the footsteps of the market leader…

The post Top Tokens Could Attract Huge Liquidity by Facing a 10% Plunge in the Coming Week appeared first on Coinpedia Fintech News With the weekly close on the horizon, many cryptos have been exhibiting tremendous volatility. While the Bitcoin price slumped below $70,000, many of them also faced a significant bearish action, which slashed many of the tokens below their respective support. Despite this, the possibility of a strong rebound remains pretty high, which may fade with the beginning…

The post Memecoins Tumbling Down, FLOKI, & Pepe Plunge Heavily: What’s Next? appeared first on Coinpedia Fintech News The crypto markets are facing extreme bearish pressure as the Bitcoin price is slumping hard after losing the $68,000 support level. This has also compelled the other altcoins to undergo a notable pullback, in which the memecoins have taken the lead. The tokens which were leading the top performers now face massive pullbacks. Among them are PEPE and FLOKI, which are feared…

The post GameStop Mania Fades, A 40% Plunge May Begin, if Bulls Fail to Defend These Levels! appeared first on Coinpedia Fintech News Bitcoin price regained some strength as its levels soared above $67,000 at the time of composition, due to which some of the altcoins gained momentum. GameStop, the token that incepted the markets and began its trading journey just a few days ago, seems to have been losing its fame. The price traded within a steep descending trend…

The once-booming cryptocurrency Ripple (XRP) finds itself in a precarious position. The past month has been marked by a significant drop in XRP’s value, leaving investors and analysts in a state of flux. While some fear a continued decline, others see potential for a comeback, with technical indicators hinting at a possible reversal of fortune. However, the road ahead for XRP remains shrouded in uncertainty, with the ongoing legal battle with the SEC and broader market sentiment playing a crucial…

The Bitcoin network’s mining difficulty has experienced its largest negative adjustment since December 2022, when the bear market was in full gear. According to data from the real-time Bitcoin dashboard Bitbo, the mining difficulty fell 5.7% to 83.1 trillion on Thursday at block height 842,688. Bitcoin Mining Difficulty Negatively Adjusts Bitcoin’s mining difficulty measures how tough and time-consuming it is to produce a new block. The difficulty rises when the number of active miners increases and falls when it decreases,…

Data shows that Bitcoin sentiment has cooled off to neutral from greed following the asset’s latest plunge to the $57,000 level. Bitcoin Fear & Greed Index Has Returned To Neutral Levels The “Fear & Greed Index” is an indicator created by Alternative that shows the average sentiment among investors in the Bitcoin and wider cryptocurrency market. This index estimates sentiment by considering five factors: volatility, trading volume, social media data, market cap dominance, and Google Trends. The metric uses a…