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As global economic uncertainty looms, Bitcoin (BTC) has experienced increased volatility and is struggling to maintain its footing above critical resistance levels lost over the past month. The largest cryptocurrency on the market remains in a precarious position, but emerging signs could bode well for the BTC price and the broader crypto ecosystem. Fed’s Rate Cuts Signal Hope For Bitcoin Price Recovery One promising development is the possibility of further interest rate cuts by the US Federal Reserve (Fed) later…

The post FLOKI Price Set to Skyrocket 30% Amid Breakout Confirmation appeared first on Coinpedia Fintech News In this bearish market sentiment, where the top cryptocurrencies are experiencing selling pressure, Floki (FLOKI) is gaining significant attention from traders and investors following its breakout and price surge. On August 28, 2024, FLOKI successfully retested its bullish double-bottom price action pattern and outperformed top meme coins including Dogecoin(DOGE), Shiba Inu (SHIB), and Pepe (PEPE).  FLOKI Price Prediction  Based on the price action…

The post Top AI Tokens Set for a Bull Run Amid Market Volatility appeared first on Coinpedia Fintech News In the middle of a tumultuous market, the AI segment shares the same increased volatility as every other crypto. However, the recovery last week puts the AI tokens in the green zone as the market cap peaked at $32.74B and slid down to $29.49B in the recent crash.  However, two AI tokens are ready for a bullish comeback in different settings.…

Dogecoin (DOGE) recent attempt to regain upward momentum has been abruptly halted as bearish forces reassert their dominance. After a brief rally, the popular meme coin is now under renewed selling pressure, with the price set to retreat toward the $0.1 mark. As negative momentum strengthens, the question is whether Dogecoin can hold this critical level or if further declines are imminent. This article analyzes the recent shift in Dogecoin’s price dynamics as bearish momentum resurfaces. We will explore the…

Cardano (ADA) has been stuck in a challenging position for the past few years, struggling with stagnant price growth despite being one of the most popular altcoins in the space. A crypto analyst has offered insights into why Cardano has underperformed while also maintaining an optimistic outlook and predicting a 1,000% rally to new highs this cycle.   Cardano On The Verge Of A 10X Rally Crypto analyst Max Maher recently released a YouTube video predicting that Cardano could witness a…

The post Breakout Alert! XRP Set to Skyrocket, Eyes $0.75 Level appeared first on Coinpedia Fintech News Ripple’s native token XRP has formed a bullish inverted head-and-should price action pattern. This bullish outlook for XRP is gaining significant attention from the crypto community. However, this perspective emerged after a month of continuous struggles and the recent victory against the United States Security and Exchange Commission (SEC).  XRP Price Prediction  According to expert technical analysis, XRP looks bullish as it is…

Options on Bitcoin (BTC) and Ethereum (ETH) totaling $1.5 billion are approaching expiry, all while the market remains relatively calm. However, this stability may be short-lived. The annual central bank meeting in Jackson Hole, which begins today, is widely seen as the month’s most notable macro event. Investors are particularly focused on any news regarding potential interest rate cuts by the Federal Reserve. What’s Next for the Bitcoin and Ethereum Options Market After Expiry According to Deribit, over $1.12 billion…

The post Hard Hit Altcoins Set to Lead Recovery as Bitcoin Approaches $70K: Key Tokens to Watch appeared first on Coinpedia Fintech News The cryptocurrency market is on the cusp of a major bullish trend, with Bitcoin leading the charge. Several altcoins showing signs of breakouts and among the notable performers are Render, which is gaining momentum, and Chainlink, which has started to break out. The Graph is on the verge of a strong breakout, while Stacks is also showing…

Mt. Gox creditors aren’t selling their Bitcoin, and the Spot Bitcoin ETFs continue to buy for the institutions. Technical indicators are signalling a sea change - is the Bitcoin price set for lift-off? Bitcoin holders not selling - Fear is dissipating A sea change is rolling across the entire cryptocurrency market. The much-feared sell-offs from well-known entities don’t appear to have materialised in any great amounts. Savvy creditors who have received their Bitcoin are perhaps speculating that this Bitcoin bull…