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…
Turbulence
Crypto Analysts Recommend Trading Strong Narrative Altcoins Amid Market Turbulence
September has historically marked a bearish period for the crypto market, often signaling a challenging third quarter. Amid this week’s erratic price movements, experts anticipate further volatility. In this uncertain climate, seasoned analysts provide strategic insights to trade the rough waters of the crypto market. Analysts Share Altcoin Trading Strategies Miles Deutscher, a prominent crypto analyst, advises traders to target “quality altcoins” during significant dips. Deutscher defines quality as strong narratives and relative strength against the broader market. He recommends…
9 months ago
Analysts See Potential Market Bottom for Bitcoin Amid Turbulence
The sudden drop in the crypto market today has garnered significant attention. Bitcoin (BTC), the largest cryptocurrency by market capitalization, briefly dipped to $49,000 before stabilizing at $52,765. Ethereum (ETH) mirrored this volatility. CoinGecko data shows it briefly touched $2,100 before trading at $2,359. Investor Nerves Shaken as Crypto Volatility Surges These swift fluctuations led to extensive liquidations. According to Coinglass data, the liquidation amount in the last 24 hours has reached $1.06 billion, with $901.33 million from long positions…
10 months ago
Shiba Inu (SHIB) Resilience: Whales Add 6.57T Tokens Despite Market Turbulence
Amidst the broader altcoin market recovery, Shiba Inu (SHIB) stands out with a 12.57% weekly gain, reflecting renewed investor interest. Despite challenges linked to Bitcoin’s volatility and German government actions, SHIB shows resilience with a price uptick to $0.00001665 and a market cap nearing $9.81 billion. Along with the recovery in the altcoin market, meme coins too have staged a stronger recovery. In particular, Shiba Inu (SHIB) has managed to outperform the rest of the altcoin market with 12.57% gains…
11 months ago
Binance Moves 1.28 Trillion PEPE Coins in Major Wallet Shuffle Amid Market Turbulence
Amidst market-wide turbulence, PEPE has seen over 1.28 trillion shuffled on Binance as investors race to accumulate tokens. PEPE has become the third-largest meme coin in the industry after reaching an all-time high earlier this year. The cryptocurrency market has witnessed a turbulent couple of days led by Bitcoin, but with altcoins taking the biggest hit. Large-cap meme coins have taken the biggest hit, including Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE coin. A majority of transactions have taken place…
11 months ago
German Government’s $55M Bitcoin Move Sparks Speculation Amid Market Turbulence
The German government sold 900 BTC worth over $54 million on June 25. The government’s Bitcoin wallet still holds over $2.8 billion worth of BTC, which could exert significant selling pressure. The current instability in the crypto market has triggered a surge in transactions as both whales and investors reshuffle assets to navigate the downward momentum. This activity has revived long-dormant wallets and attracted attention from large-scale portfolio holders, including the German government. German Government Shuffles Bitcoin A crypto wallet…
12 months ago
Avalanche (AVAX) Price Dips As Market Turbulence Persists
AVAX is the native utility token of the Avalanche blockchain. The token is currently ranked 12th by market cap, with a total supply of 440,043,419 AVAX and a total trading volume of over $396,250,098 in the last 24 hours. Since its recent pullback at $36.15, AVAX has continued to move downward. Currently, the general cryptocurrency market is bearish. This has led to the price of AVAX dropping below the 100-day Simple Moving Average (SMA) and the price might continue to…
1 year ago
Bitcoin’s Drop to $57,000 Fuels Concerns: BTC Investors Brace for Market Turbulence Ahead of Key Fed Decision
The price of Bitcoin dropped to $57,300 as investors were unsure what to expect before the Fed announcement. Permanent holders and whales reduce the demand, which sends the market anticipation of a decline. Bitcoin and various cryptocurrencies experienced a significant downturn, dropping to their lowest levels in over two months. This decline coincided with broader market pessimism as investors awaited the U.S. Federal Reserve’s impending interest rate decision. Bitcoin’s price dipped below $57,000 for the first time since late February,…
1 year ago
Curiosity Levels Spike on $RECQ as Presale Continues to Excel Amid Price Turbulence on Bitcoin and Ethereum
TLDR $RECQ offers 237% gains by the end of the presale. BTC is poised to continue its downward trend. ETH could decrease beneath the $2,700 level. Rebel Satoshi’s $RECQ is gaining recognition as one of the most viable investments in 2024 due to its exceptional performance at the ongoing presale. On the other hand, analysts expect pronounced corrections within the next Bitcoin (BTC) and Ethereum (ETH) price movements. Let’s examine the details and try to detect the best crypto investment…
1 year ago
Turbulence for Bitcoin as the Graph and new AI altcoin secure whales’ trust
Bitcoin’s (BTC) value declined sharply, dropping around 15% over the past week. This unanticipated fall has caused unrest among traders and investors, who were optimistic following a recent upswing. Now, analysts are contemplating when the market might stabilize and initiate recovery. Despite this downturn; Bitcoin has exhibited resilience, with signs of a potential rebound. Meanwhile, The Graph (GRT), a pivotal player in blockchain data indexing, has demonstrated promising growth during this period. Likewise, InQubeta (QUBE) has achieved noteworthy progress by…
1 year ago