Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Rally
Bitcoin continues to rally as war threat recedes
The Israeli retaliation against Iran now done and dusted, and the Iranians having declared it not worth answering, bitcoin and the crypto market are continuing to rally. As the threat of war recedes, bitcoin heads towards the top of its bull flag and a potential breakout to new all-time highs. Strikes to save face now over? It seems that the Israeli Defence Force (IDF) did just enough last Friday in its limited strike against Iranian targets in order to save…
1 year ago
Is Bitcoin Ready to Rally Again or is Another Drop to $60K Coming? (BTC Price Analysis)
Bitcoin’s price has been consolidating over the last few weeks after a failure to break above the $75K mark. Yet, things might be about to change. Bitcoin Price Analysis: Technicals By TradingRage The Daily Chart On the daily chart, the price is still trapped between the $60K and $68K levels, failing to break out to either side. That said, during the past few days, the bulls have made considerable progress and have been able to push the BTC price closer…
1 year ago
Ethereum Price Hints At Potential Fresh Rally, Buy The Dip?
Ethereum price is moving higher above the $3,120 resistance zone. ETH could start a fresh rally if it clears the $3,280 resistance zone. Ethereum is recovering higher and approaching the $3,280 resistance zone. The price is trading above $3,100 and the 100-hourly Simple Moving Average. There was a break above two connecting bearish trend lines with resistance at $3,070 and $3,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it closes…
1 year ago
Bitcoin, Ethereum and XRP Price Prediction: Can we See Post-Halving Rally This Week?
The post Bitcoin, Ethereum and XRP Price Prediction: Can we See Post-Halving Rally This Week? appeared first on Coinpedia Fintech News With the successful Bitcoin Halving this Friday, the blockchain completes 840,000 blocks. Further, the halving reduces the mining reward to 3.125 Bitcoin per block. As the event is known for creating bull markets, the fourth halving comes at a rather wrong turn in global markets. As the U.S. markets stand at a vulnerable stage and the Iran-Israel conflict creates…
1 year ago
Bitcoin Price Correction Completed: Top Crypto Analyst Predicts BTC Rally to $100K!
The post Bitcoin Price Correction Completed: Top Crypto Analyst Predicts BTC Rally to $100K! appeared first on Coinpedia Fintech News Bitcoin’s price behavior following halving events has been a subject of keen interest among investors and analysts alike. Prominent crypto trader Captain Faibik revealed bold predictions about Bitcoin’s trajectory, suggesting that the correction phase is complete and a bullish surge towards the coveted $100k mark is on the horizon. Bitcoin Eyes For $100k According to the Crypto Faibik analysis, the…
1 year ago
Altcoin Poised For Massive Rally Hints Past Altcoin Market Cycle
The post Altcoin Poised For Massive Rally Hints Past Altcoin Market Cycle appeared first on Coinpedia Fintech News Moustache, a prominent crypto trader, recently conducted a comparison of altcoin trends from 2016-2017 and 2021-2024. This analysis has intrigued the crypto community by revealing surprising similarities between these two distinct periods. Despite the difference in timelines, Moustache’s study suggests that altcoin market cycles may soon exhibit an altcoin rally. Key Similarities in Market Trends Moustache’s tweet compares altcoin market trends from…
1 year ago
Will DogeDay Spark a Dogecoin Rally This Year? An In-Depth Analysis
The post Will DogeDay Spark a Dogecoin Rally This Year? An In-Depth Analysis appeared first on Coinpedia Fintech News With DogeDay just around the corner, excitement is building. The talk of the town is how this event might shake things up for DogeCoin’s price. Right now, Dogecoin is on the rise, experiencing what experts call a rally. Let’s dive into what DogeDay is all about and how it could affect Dogecoin’s value, looking back at past years’ reactions. 1. Understanding…
1 year ago
Analyst Predicts Cardano (ADA) To Rally By 75% As MVRV Ratio Plummets
In recent weeks, ADA, the native token of the Cardano network. has drawn much speculation due to a rather turbulent price performance resulting in a decline of 18.77% in the past month. This negative price movement is similar to the majority of the cryptocurrency market following unprecedented massive dips in the price of Bitcoin. However, despite ADA’s troubles, popular crypto analyst Ali Martinez is backing the coin to pull off a remarkable rebound. Interestingly, Martinez’s prediction comes as the digital…
1 year ago
Bitcoin Mega Whales Are Buying, Time For Rally To Return?
On-chain data shows that the largest number of investors in the Bitcoin market are finally buying, which could be bullish for the asset’s value. Bitcoin Mega Whales Have Shown Net Inflows In The Past Day In the past few weeks, the Bitcoin price has struggled to mount any significant bullish momentum as it has been stuck consolidating inside a range. Earlier, while this was happening, the largest holders in the space had been sitting quietly, not buying or selling anything…
1 year ago