Rally

The post Is The Memecoin Rally Over As MEMEAI And PEPE Tokens Hint A 30% Plunge? appeared first on Coinpedia Fintech News With a plunge of 7.82% within the past 24 hours, the cryptocurrency market has lost its $2 Trillion mark and is currently valued at $1.98 Trillion with a 24-hour trading volume of $116.88 Billion. Further, the price of Bitcoin has recorded a low of $53,717.38, the lowest since February this year. Following this, the memecoin category has displayed…

A crypto analyst has identified key indicators that point to a substantial rally for XRP, the native token of the XRP Ledger (XRPL). According to the analyst, XRP is poised to rebound from its bearish trends and soar to new all-time highs  XRP To Mirror 2017 Rally To New Highs In an X (formerly Twitter) post in June, crypto analyst, Tylie Eric expressed bullish optimism about XRP, emphasizing the cryptocurrency’s potential for a major rally this year. He shared an…

Bitcoin (BTC) has recently struggled to regain bullish momentum, remaining in a consolidation phase just above the crucial $60,000 support. Despite reaching an all-time high three months ago, the largest cryptocurrency witnessed a dip to as low as $59,500 on Wednesday due to increased selling pressure from miners. BTC Selling Spree The ongoing miner capitulation, the longest observed since the summer of 2022 before the FTX implosion, indicates the Bitcoin Halving supply-squeeze effect.  Crypto analyst Ali Martinez noted that Bitcoin…

The German government has begun moving a large sum of Bitcoin days following a similar move made by the European Nation, which helped lead to BTC price drops. Moreover, the United States has also begun moving the cryptocurrency. In total, 1,500 BTC was worth $94.94 million, and many of these tokens were spread across accounts on major crypto exchanges, based on data from Arkham Intelligence. The key cryptocurrencies which are being accumulated the most now include TRON (TRX), Chainlink (LINK)…

The crypto industry is on the verge of a potentially significant development as key figures in the sector hint at the imminent approval of a spot Ethereum ETF in the United States, possibly triggering a notable price rally for ETH. Nate Geraci, president of The ETF Store, shared insights into the expected timeline for the launch of the first spot Ethereum ETF. According to Geraci, current forecasts by Bloomberg predict a mid-July launch. He detailed the procedural timeline via X,…

Cardano (ADA) has correlated with the broader market, experiencing a retracement from its yearly high of $0.810 in March to as low as $0.357 on June 22. However, ADA has now deviated from the struggles of Bitcoin (BTC) and Ethereum (ETH), exhibiting a 2% increase in the past 24 hours and over 12% in the past two weeks. Explosive Rally For Cardano Intriguingly, technical analysts believe that ADA could be on the verge of an explosive rally in the coming…

The post Altcoins Season Might Begin in Next 5 Weeks With 10x Rally: Here’s Why appeared first on Coinpedia Fintech News The cryptocurrency market cap dropped nearly three percent in the past 24 hours to hover around $2.37 trillion on Wednesday during the early European session. After five consecutive days of small cash inflows, the United States-based spot Bitcoin exchange-traded funds (ETFs) registered a net outflow of about $14 million on Tuesdays. As a result, Bitcoin’s (BTC) price led the…

A quant has explained how a rally could be possible for Bitcoin in this third quarter of 2024 as miner selling pressure has disappeared. Bitcoin Miners Appear To Have Stopped Their Selling In a CryptoQuant Quicktake post, an analyst has talked about how the selling pressure concerns from miners have resolved recently. There are two on-chain indicators of focus here. The first of these is the “Miner to Exchange Transactions,” which, as its name suggests, keeps track of the total…

The post Crypto Analyst Who Predicted Bitcoin’s Rise To $73,000 Says This Ethereum Token Is The Next To Rally appeared first on Coinpedia Fintech News In the ever-volatile world of cryptocurrencies, few voices hold as much weight as those who have accurately called major market moves. One such influential crypto analyst, who precisely forecasted Bitcoin’s (BTC) unprecedented rally to $73,000, now sets his sights on the Ethereum (ETH) token ETFSwap (ETFS). The crypto analyst predicts that ETFSwap (ETFS) is poised…