The post Toncoin Surges 10% Amidst $115 Million Distribution Plan Announcement appeared first on Coinpedia Fintech News
Today on the 20th of March, Toncoin Foundation announces a significant distribution plan, signalling a substantial development in the TON ecosystem. Following the announcement, investor interest in Toncoin has re-surged today as the TON coin witnessed a remarkable 10% surge in its price. Ton Foundation’s Distribution Plan Announcement Ton Foundation through its official blog page, …
The post Why Federal Reserve’s Shift in Rate Cut Strategy is Bearish for Bitcoin appeared first on Coinpedia Fintech News
The U.S. Federal Reserve oversees the nation’s economic policy, affecting various markets, including cryptocurrencies. Recently, renowned financial analysis firm QCP, shared predictions into how the Fed’s latest approach to interest rates could be terrible for Bitcoin. US’s Sticky Situation with Inflation Inflation has stubbornly refused to go down over the past few months, staying higher …
The surge in XRP trading volume has been significant, with multiple sources reporting substantial increases over a short period. On March 19, 2024, CoinMarketCap data revealed an increase in XRP’s trading volume by 130% to over $4 billion within 24 hours. Related Reading: DeFi Turmoil: Over $5 Million Wiped Out In Liquidations Amid Ethereum Price Drop This surge occurred amidst a general market downturn, where XRP’s trading volume increase helped offset some losses experienced by other assets. Despite a slight decrease in XRP’s price to $0.605, the asset remained in the green over the last month, showing an increase of more than 8%. Source: CoinMarketCap Market Developments Trigger Spike One of the key drivers behind this uptick in trading volume is a favorable court ruling between the US Securities and Exchange Commission and Ripple Labs. This ruling provided much-needed regulatory clarity for XRP, leading to major exchanges like Coinbase, Kraken, Bitstamp, and Binance.US either relisting or announcing plans to resume trading with XRP. The increase in trading volume also reflects an uptick in investor enthusiasm for XRP. The trading volume spike, which at one point constituted over 22% of XRP’s market capitalization, indicates a strong wave of interest and confidence among investors. Additionally, an impressive price rally in XRP, with the price soaring by nearly 100% at one point, further fueled trading activity as investors capitalized on the price movement. XRP market cap currently at $32 billion. Chart: TradingView.com Exchange Listings Boost Trading Activity The reopening or relisting of XRP on major exchanges post-court ruling played a pivotal role in boosting trading volume. Exchanges like Coinbase, Kraken, Bitstamp, and Binance.US reopening XRP trading provided traders with increased opportunities, contributing to the boost in overall trading volume. In the past week, the price of XRP has experienced notable fluctuations, reflecting a mix of ups and downs in the cryptocurrency market. According to Coinbase, XRP’s price has seen a 3% decrease in the last 24 hours and a significant 17% decline over the past week. This downward trend indicates a challenging week for XRP investors as the price struggled to maintain its position. Related Reading: AVAX Price Soars To Highest In Nearly 2 Years, Over 80% Of Holders In Profit Varied Price Data From Different Sources On the other hand, YCharts data presents a slightly different picture, indicating an XRP price of 0.6539 USD on March 19, 2024. This figure represents a 5.61% increase from the previous day and a significant 68% uptick from one year ago, showcasing a more positive outlook for XRP in the long term. Investors and traders are closely monitoring XRP’s development as it works through the uncertainty in the market. A break below the 200-day moving average at $0.57 could be the first sign of impending market decline. Featured image from iStock, chart from TradingView
The post Crypto Market Bleeds While Pepe Price Rally Continues: Will Memecoin Hold Markets Amid Deep Correction? appeared first on Coinpedia Fintech News
The crypto markets are trying to overcome the recent pullback after the Bitcoin price dropped below $62,000. Now that the price has soared above $62,800, the other altcoins have also begun with a significant upswing. In the meantime, a popular memecoin, Pepe, which has triggered the ‘Memecoin Mania’, has again led the top performers of …
The post Top 3 Altcoins to Stack in this crypto market crash! appeared first on Coinpedia Fintech News
The cryptocurrency industry continues to display a significant correction in valuation, highlighting a massive bearish sentiment in the crypto industry. Further, the market leader, BTC Price, has recorded a correction of over 17%, resulting in the top altcoins following in the footsteps and displaying similar trends. Despite the recent correction, the market hints at a …
The post Is the Crypto Market Rebound Inevitable Ahead of Today’s FOMC Statement? appeared first on Coinpedia Fintech News
Bitcoin (BTC) price is gradually establishing a correction bottom after dropping about 15 percent in the past five days. The flagship coin has gained around 2 percent in the past 24 hours to trade around $63k on Wednesday during the mid-London session. The heightened volatility that led to more than $550 million in crypto liquidation …
The post Top 6 Altcoins Set for 6x Rally in 2024: Analyst Lark Davis List Hot Picks appeared first on Coinpedia Fintech News
Bitcoin’s growing dominance in the crypto market has dropped to 53% from its peak of 73% in 2021. According to experts, this decline suggests the potential for a new altcoin season. With predictions of an altcoin explosion this year, six altcoins are poised for potential growth in 2024, drawing insights from renowned crypto analyst Lark …
The post Solana’s Bullish Breakthrough: What Next For SOL Price appeared first on Coinpedia Fintech News
The crypto market is filled with excitement as Solana has witnessed a significant surge in price, prompting both enthusiasm and caution among investors. Gambardello and Martinez’s Insights According to popular crypto analysts Dan Gambardello and Ali Martinez, the recent surge in Solana’s price has caught the attention of many investors. Gambardello, known for his insightful …
Altcoins display strength as the Total3 index reaches a new high, with Ethereum and Layer 1 projects leading the charge in the crypto market.
The post Crucial Week For Crypto Market: Major Events To Expect ( March 18th-24th) appeared first on Coinpedia Fintech News
The upcoming Nvidia GPU Technology Conference is highly anticipated in the cryptocurrency market. Meme coins are likely to rise again after a recent dip, but with Bitcoin’s fourth halving approaching, there could be increased volatility. Traders should stay alert for opportunities and risks as altcoins drive market trends. From tech conferences to regulatory showdowns, here’s …
Crypto traders and several metrics suggest that an altcoin season is about to begin.
Bitcoin has led the crypto advance this year, but altcoins could start outperforming soon, analysts said.
With the price of Ether nearing $3,000 after a month-long rally, crypto social media believes ‘altseason’ may already be here, though some analysts say otherwise.
The broader altcoin market also showed signs of rebounding from oversold levels, one analyst noted.
K33 analysts, however, warn that institutional traders may look to take profits following the forecasted approval.
Money is flowing into more speculative names following bitcoin's big run higher.