Plunge

The post Ethereum Drops 10% Today! ETH Price To Plunge Below $2.8K? appeared first on Coinpedia Fintech News The altcoin leader, ETH price, started 2024 positively by adding over 79.34% in valuation, resulting in the price recording a high of $4,094.75. After trading sideways for a while, the bulls lost momentum and since then, the price has been trading under a bearish influence. Moreover, the global market cap of the crypto industry has recorded a correction of 9.87% within the…

Bitcoin has fallen through the important support at $59,000. Currently at $57,000, the king of the cryptocurrencies could plunge even further down. How far will it go? Bitcoin breaches last line in sand The last line in the sand has been breached. $BTC took the dreaded plunge and is currently clinging to support at $57,000. A further fall here is likely to take the price all the way down to $51,000, with perhaps a quick stop at around $54,000. Source:…

The post During The Yen’s Plunge and Dollar Devaluation – BluestoneMining Keeps Cryptocurrency Safe and Increases Revenue appeared first on Coinpedia Fintech News As U.S. and Japanese monetary policies diverge, currency moves could spur damaging tariffs. Look out below, as the Japanese yen keeps falling and falling in value. On Monday it briefly dropped below ¥160 to the dollar, a new multi-decade low. The yen’s decline has been an economic dilemma for some time, but now it risks becoming a…

The portion of Bitcoin miner revenue coming from transaction fees has fallen significantly after surging on the day of the last halving event. A CryptoQuant report revealed that transaction fees now represent 35% of total miner revenue, a significant decline from the 75% recorded on April 19. Transaction Fees Surge During Halving The fourth Bitcoin halving, which took place last Friday, slashed miner block rewards by half to 3.125 bitcoins (BTC), resulting in daily issuance falling from an average of…

The post HBAR’s BlackRock Rollercoaster: 100% Surge, 47% Plunge, What’s Next? appeared first on Coinpedia Fintech News The Hedera token experienced a massive surge of over 100% to its portfolio following a hoax news breakout of its partnership with Archax to tokenize BlackRock’s ICS US Treasury money market funds on its blockchain. However, the news was later clarified to be a rumor. This resulted in a significant increase in the selling pressure for the altcoin in the market. Despite a…

Ethereum (ETH) stands as a bellwether for the industry’s ebbs and flows. As of press time, Ethereum was trading at $3,174, its price trying to reach the crucial $3,000 mark. However, beneath the surface of these seemingly stable waters lies a complex interplay of market forces and investor sentiment. Ether’s Challenging Trajectory Since last week, the lower timeframes have seen repeated breaches of the $3,000 psychological threshold, and the enthusiasm surrounding the altcoin king has significantly waned. This downward pressure…

XRP’s drop from $0.62 to $0.41 this week appears to have caught the attention of whales. Amid the downturn, these big players in the crypto market have seized the opportunity to accumulate the cryptocurrency that currently stands in seventh position by market cap. XRP’s Whale Activity Intensifies According to the latest findings by popular analyst Ali Martinez, over 31 million XRP was bought in just the past week alone. This sudden surge in whale activity suggests a bullish sentiment towards…

Ethereum is the second largest cryptocurrency after Bitcoin and the majority of traders run to Ethereum when they want to keep their investments safe. Similarly, Hedera and Shiba Inu have been two of the favorite projects for traders to invest in but with the overall market declining, investors are in need of new projects with huge growth potential. That’s where Raffle Coin jumps onto the scene with its unique approach and aim to revolutionize the raffle and lottery industry with…

TL;DR The meme coin sector has seen a significant downturn, with its market cap shrinking by around 5% in the past 24 hours. Despite the downturn, the upcoming Bitcoin halving may trigger a rally, offering a potential rebound for meme coins due to their volatility and tendency to follow BTC’s price trends. The Meme Coin Sector Flashes Red The cryptocurrency market has been going through a severe correction in the past several days, with Bitcoin (BTC) briefly nosediving to $60,000 while Ethereum…