The post Bitcoin Halving May Not Impact Prices As Hype Over Spot ETFs Continues: What To Expect From BTC Price? appeared first on Coinpedia Fintech News
Bitcoin traders are eagerly anticipating that the upcoming scheduled decrease in the issuance of new coins will lead to a significant surge in Bitcoin’s price. Nevertheless, this expectation may not be fully realized this time, according to various experts. Deutsche Bank suggests that the effects of the Bitcoin halving are already reflected in its current …
The post Cardano Bulls Flash a ‘Ray of Hope’, Is ADA Price Preparing for a Rebound to $0.6? appeared first on Coinpedia Fintech News
With the beginning of a fresh quarter, the market dynamics appear to have completely shifted away from the bullish range. The markets began to crash at the beginning and the bears have held a notable dominance since then. This has caused the Cardano (ADA) price to drop below the accumulated range, similar to many other …
The post This Altcoin Cannot Be Longed Anymore; Is Shorting Solana a Better Option Now? appeared first on Coinpedia Fintech News
After quite a long time, the Solana price has been stuck in a crucial range for a couple of days. While bears are slowly increasing their dominance over the rally, bulls are also utilising all their strength to keep up the bullish trend. Soon after plunging below $150, the rally seems to have taken a …
The post Top Memecoins Poised for 10-50x Profits in 2024 appeared first on Coinpedia Fintech News
According to the latest market data, the meme coin industry had a total valuation of about $68 billion and a daily average market value of around $8.3 billion, making the market bullish for meme coins. In a recent X post, popular crypto source WhaleInsider highlighted a dozen meme coins with the potential to skyrocket in …
The post Bitcoin’s Potential Drop May Cause $15B Liquidations on Binance appeared first on Coinpedia Fintech News
As a result of the Bitcoin drop, over the past 24 hours, 74,741 traders have liquidated assets worth $230.18 million, with top assets being BTC, ETH, and SOL. Leading the pack is Binance with $90.72 million, followed by OKX and Bybit with $84.81 and $25.91 million, respectively. The largest liquidation order was $5.40 million. What’s …
The post Litecoin Simple Price Analysis: LTC Price Preparing for a Fresh Upswing to Reclaim $100 appeared first on Coinpedia Fintech News
The market appeared to be in the middle of a pre-halving rally as the Bitcoin (BTC) price soared high and achieved a new ATH close to $74,000. This triggered a healthy upswing within the entire crypto space, which propelled the LTC price beyond $100, surpassing one of the key resistance levels. Unfortunately, the sentiments flipped …
The post Bitcoin Price to Drop More Before Hitting New High Post Halving appeared first on Coinpedia Fintech News
As cryptocurrency enthusiasts prepare for the TOKEN2049 event in Dubai amid heavy flooding, Bitcoin’s (BTC) price has continued to signal midterm weaknesses. According to the latest market data, the flagship coin has slipped around 3 percent in the last 24 hours to trade at about $62,366 on Wednesday during the early New York session. Furthermore, …
The post Top Altcoins To Buy This Dip For 100x Profits appeared first on Coinpedia Fintech News
Cryptocurrency analyst Chump Chang took to his latest analyst and listed altcoins that have experienced significant declines from their all-time highs but present attractive buying opportunities. Here is the list of altcoins for 10x gains in 2024: Cardano: Cardano, currently trading at 45 cents, has witnessed an 85.4% decline from its peak in September 2021. …
Bitcoin price descends to new lows, dragging altcoins down with it just days before the long-awaited BTC supply halving.
The post Solana & Cardano Appear Bearish Ahead of Bitcoin Halving, What if They Drop Below Their ‘Key-Resistance’? appeared first on Coinpedia Fintech News
Solana (SOL) Price Analysis After undergoing a massive bearish trend, the Solana price is now resting on the critical support level. The bulls are utilising all their energy to prevent a breakdown from the levels but a small weakness may eventually end up in a blunder. The selling volume has increased to a large extent, …
The post Bitcoin Preparing for a BIG Wave Ahead of Halving; Here’s Where It Could Reach appeared first on Coinpedia Fintech News
The crypto markets are hovering within a roller coaster ride as the Bitcoin price does not appear to be stabilising within certain levels. The prices are experiencing massive fluctuations with the advancement of the Bitcoin halving, which is just 2 days away. Usually, the markets consolidate around the halving and also experience a significant pullback. …
In the tumultuous world of cryptocurrency, where prices can soar to unprecedented heights one day and plummet to new lows the next, XRP, the digital asset associated with Ripple, finds itself at the center of attention once again. Despite recent dips in its value, XRP enthusiasts remain steadfast in their optimism, fueled by the unwavering confidence of cryptocurrency analyst Javon Marks. Related Reading: Elon Musk Latest Tweet: How Much Did Dogecoin Gain From It Today? Analyst’s Bold Prediction Marks, known for his bullish outlook on XRP, has boldly predicted a jaw-dropping 400x surge in the price of XRP, envisioning the digital asset reaching the remarkable territory of $288. This audacious forecast comes in the face of recent challenges for XRP, including a notable dip in value and ongoing market turbulence. With a Full Logarithmic Follow through, prices of $XRP (Ripple) may be more than poised for $200+. Prices of Ripple went on an over +108,000% run in the 2017-2018 run and has since setup and broke out of its largest resisting structure EVER! A mind-boggling, +33,030% run from… https://t.co/RWklG3ALh0 pic.twitter.com/r1Jie98X9s — JAVON⚡️MARKS (@JavonTM1) April 5, 2024 Resilience Amidst Challenges XRP has weathered its fair share of storms in recent weeks, experiencing a 24% decline from April 11 to 13, sending it to its lowest value since May 2023. Despite this setback, the digital asset showed resilience, bouncing back with a 5% rise on April 14. However, this recovery was short-lived as bearish sentiments regained control. Chart: TradingView At the time of writing, XRP was trading at $0.50, up a measly 0.7% in the last 24 hours, but sustained an 18.2% loss in the weekly timeframe, data from Coingecko shows. Source: Coingecko A psychological support, the $0.5 level tends to keep people comfortable if the price stays above it; a decline below it can alarm them. A breakdown below this level is significant because it may encourage traders to sell more because they think the price will drop even further. XRP market cap currently atis now trading at $63,454. Chart: TradingView Analyzing The Trends Marks’ analysis hinges on XRP’s historical performance, particularly its ability to break out of downward trendlines. He points to a significant breakout in July 2023 following a pivotal ruling in the SEC vs. Ripple case. Despite subsequent corrections and occasional bearish pressure, XRP has managed to remain above these trendlines, signaling a strong bullish trend that Marks believes will pave the way for a monumental price surge. Short-Term Challenges Despite the long-term optimism, XRP faces immediate challenges in the form of resistance and bearish sentiments. Trading below the 50-day Exponential Moving Average (EMA) and struggling to surpass the $0.50 mark, XRP must navigate through short-term obstacles before realizing its full potential. Related Reading: Cardano’s Dark Hour: Panic Grips Investors As ADA Loses 22% Of Its Value As XRP enthusiasts eagerly await the fulfillment of Marks’ bold prediction, it’s essential to acknowledge the inherent volatility and uncertainty that characterizes the cryptocurrency market. Factors such as regulatory developments, market dynamics, and broader trends within the cryptocurrency space can all influence XRP’s price trajectory. Featured image from Pexels, chart from TradingView
The post Bitcoin About to Celebrate Its 4th Halving this Week: This Time Be Ready to Withness a Diverse Trend! appeared first on Coinpedia Fintech News
After 2020, Bitcoin is all set to face the 4th halving, wherein the rewards will be halved from 12.5 BTC to 6.25 BTC. While the broader market sentiments are bullish, considering the impact in previous times, they also need to be aware of a notable change in the market dynamics during the current halving. Therefore, …
The post Crypto Market Crash: ‘Buy the Dip’ Could Spell Trouble for Altcoins, Warns Analyst appeared first on Coinpedia Fintech News
Altcoin prices have dropped sharply, with several of the top twenty cryptocurrencies falling by over 15 percent. However, the global cryptocurrency market cap has increased by 3.93 percent over the last 24 hours, reaching $2.38 trillion. Today, Bitcoin’s market cap stands at $1.28 trillion, constituting 53.92 percent of the total market value, the highest since …
The post Ethereum Price Could Drop to $2.5K Soon! Is This a Good Buying Opportunity? appeared first on Coinpedia Fintech News
Amidst rising tensions in the Middle East, the cryptocurrency market has followed suit with major stock indexes worldwide. Ethereum and Bitcoin have led a significant downturn, causing the total crypto market value to drop by 6 percent, settling at around $2.39 trillion. With volatility rocking the crypto world, many traders, especially the big players, have …
The cryptocurrency market tends to thrive on a blend of innovation, utility, and sometimes, just a good meme. This week, the spotlight shone brightly on Dogecoin (DOGE), the Shiba Inu-themed meme coin, after a characteristically playful tweet from tech billionaire Elon Musk sent prices soaring. Related Reading: Ethereum Fire Sale? Deep-Pocketed Investor Snags Nearly 24,000 ETH At Bargain Price While the tweet itself referenced a scene from Monty Python and didn’t directly mention Dogecoin, its timing, with DOGE hovering near the cusp of the top 10 cryptocurrencies by market cap, proved to be enough to ignite a firestorm of trading activity. This latest episode serves as a stark reminder of the immense influence Musk wields over the meme coin market, and the hair-trigger reflexes of Dogecoin’s dedicated community. pic.twitter.com/wXlbpNU97H — Elon Musk (@elonmusk) April 15, 2024 Dogecoin Rollercoaster Ride Continues This isn’t the first time Musk has sent shockwaves through the Dogecoin world. In 2021, his enthusiastic endorsements, including a now-famous appearance on Saturday Night Live where he jokingly referred to himself as the “Dogefather,” propelled DOGE to its all-time high. However, the meme coin’s meteoric rise proved unsustainable, and prices eventually settled into a lower, but still respectable, position. Bitcoin is now trading at $62.611. Chart: TradingView Currently, Dogecoin sits comfortably as the eighth-largest cryptocurrency, boasting a market cap of over $22 billion. However, there was a different narrative in the price department. At the time of writing, DOGE was trading at $0.15, down 8.4% and 22.9% in the daily and weekly timeframes, data from Coingecko shows. Clearly, the Musk tweet magic didn’t work this time. Or, perhaps not yet? DOGE 24-hour price action. Source: Coingecko A quick look at DOGE’s daily chart reveals a classic case of price resistance, where the coin struggles to break through specific price ceilings. This back-and-forth price action reflects the ongoing battle between enthusiastic buyers, emboldened by figures like Musk, and more cautious investors wary of the coin’s unpredictable nature. Related Reading: Bitcoin Bonanza Before The Halving? Analyst Sees Pre-Crash Buying Window No Price Boost This Time Elon Musk’s tweets have long been synonymous with skyrocketing memecoin values, yet today’s unexpected downturn in Dogecoin following his latest post underscores the volatile and unpredictable terrain of cryptocurrency markets. This stark deviation from the usual trajectory serves as a poignant reminder that even the most influential voices in the industry cannot fully control or anticipate the market’s whims and fluctuations. It highlights the inherent risks and complexities investors face as they navigate this ever-evolving landscape, where sentiments can shift swiftly, leaving even seasoned traders reeling from the abrupt changes. Featured image from Pexels, chart from TradingView
The post Are The Top Meme Coins Going Back in Hibernation? appeared first on Coinpedia Fintech News
With the market-wide correction, many altcoin sectors are under correction. Amidst this, the meme coin sector is facing an immense rise in supply pressure as panic selling hits crypto. With the top meme coins under pressure, the price chart dynamics are shifting gears at a fast pace. As the declining rally triggers extended panic selling …
The post Bitcoin Halving Prediction: Analyst Predicts Potential Low Levels for BTC Price appeared first on Coinpedia Fintech News
With only 5 days remaining until the much-anticipated Bitcoin halving, cryptocurrency analyst Eric Krown Crypto has shared his price predictions for Bitcoin ahead of the upcoming event. Eric began by looking back at past Bitcoin halvings in 2012, 2016, and 2020, noting a consistent trend: Bitcoin’s price tends to rise after these events, never dropping …
The post Crypto Bloodbath Might Continue: Warns Crypto Analyst appeared first on Coinpedia Fintech News
Cryptocurrency analyst Crypto Rus expressed optimism today as Bitcoin surged above $66,000, citing several positive developments driving the market. In a recent update, Crypto Rus explained important news buoyed Bitcoin’s performance. Firstly, Crypto Rus noted the rumored approval of Hong Kong’s first Bitcoin and Ethereum spot ETFs. These ETF approvals signify a major milestone in …
The post Top 3 Undervalued Altcoins Ahead Of Bitcoin Halving appeared first on Coinpedia Fintech News
This weekend, many altcoin traders and investors sold off their holdings. It was a tough time for altcoins, mostly because of problems in the Middle East. But now, things are getting better in the crypto market. Even though unexpected events could still happen, there’s a chance for prices to go up a lot. Cryptocurrency analyst …
Bitcoin is finding it difficult to sustain the relief rally, which could put pressure on several altcoins in the near term.
Bitcoin (BTC) took a nasty spill over the weekend. Plunging to a gut-wrenching $60,850 before staging a partial recovery to hover around $64,500, this sudden price drop has left the crypto community scrambling for answers. Veteran trader Peter Brandt, known for his eagle eye on market patterns, has stepped into the ring to offer his insights, sparking debate about what this means for Bitcoin’s future. Related Reading: CEO Throws Cold Water On May Ethereum ETF Approval – Impact On Price Bitcoin At A Crossroads: The ‘End Run’ Theory Brandt, a seasoned campaigner in the often-unpredictable world of crypto trading, sees the recent price action as a potential turning point. He uses the intriguing term “end run” to describe this pivotal moment. Borrowed from the world of sports, an end run signifies a strategic maneuver designed to bypass obstacles and gain an advantage. In the context of Bitcoin’s recent dip, Brandt suggests it could be a strategic shift in the market dynamics, paving the way for a significant move in either direction. End run completed in Bitcoin $BTC@chartwizardsnft pic.twitter.com/YlHISyT85D — Peter Brandt (@PeterLBrandt) April 13, 2024 Brandt’s analysis hinges on a technical indicator – a symmetrical triangle pattern forming on Bitcoin’s price chart. This pattern often signals a period of consolidation before a breakout, either upwards or downwards. According to technical analysis principles, a breakdown from the bottom trendline of the triangle could usher in a bearish trend, while a breakout from the top could trigger a bullish surge. Brandt’s interpretation of the recent drop as the “end run” implies Bitcoin is poised for a breakout, but the question remains – which direction will it break? Bullish Undercurrent Despite Short-Term Jitters While the immediate future might be shrouded in uncertainty, Brandt maintains a firm belief in Bitcoin’s long-term potential. He has previously predicted Bitcoin reaching a staggering $200,000 by 2025, a testament to his unwavering confidence in the cryptocurrency’s ability to achieve substantial growth. Viewing the current dip as a healthy correction within a larger upward trend aligns with his overall bullish stance on Bitcoin’s trajectory. Total crypto market cap is currently at $2.352 trillion. Chart: TradingView The Crypto Market: A Balancing Act Between Fear And Opportunity The recent Bitcoin price drop and the subsequent analysis from Peter Brandt have exposed the inherent tension within the cryptocurrency market – a constant tug-of-war between fear and opportunity. Related Reading: Toncoin Defies Market Turmoil, Surges 25% To Tally All-Time High – Details Some investors see the dip as a golden buying opportunity, a chance to accumulate Bitcoin at a lower price point in anticipation of a potential bullish breakout. Others, scarred by the crypto market’s notorious volatility, remain cautious, wary of the possibility of further price declines. Featured image from Pexels, chart from TradingView
The post Will Ondo (ONDO) Price Make it to $1 This Week? appeared first on Coinpedia Fintech News
Ever since the markets have displayed some strength, the Ondo price has shown some strength and taken the lead. The price has soared by over 20% in the past 24 hours, securing a market cap of over $1.3 billion. Although the volume has experienced a significant dump, the rally maintains an elevated trend and is …
The post Toncoin Enters the Top 10 Rankings, Surpassing Cardano & Dogecoin; Is XRP Next? appeared first on Coinpedia Fintech News
Toncoin price rally has been intensifying as the volume has surged rapidly, indicating a massive jump in the user’s interest. The recent jump in the price by over 10% has enabled it to surpass Dogecoin to become the eighth biggest crypto at the time of its composition. Now that the bulls continue to display acute …
The post Is This The Right Time To Buy Bitcoin? Here Are The Entry Levels appeared first on Coinpedia Fintech News
In a series of X posts, the crypto analyst Blockchainedbb has cautioned investors and traders against buying Bitcoin (BTC) at the current price levels. The analyst has provided a comprehensive breakdown of the market conditions, highlighting the potential risks and suggesting an optimal entry point for BTC accumulation. The Current Market Scenario According to Blockchainedbb, …
The meme coins sector of the crypto market is taking a big hit amidst a wider price decline in the industry. Recent lackluster price action has seen most cryptocurrencies struggling to maintain bullish price action for the majority of last week. This price decline has now been exacerbated with the latest escalation of tensions in […]
The post Attention Traders: XRP Breaks Multi-Year Consolidation, May Drop Below $0.3 if This Trade Plays Out Well appeared first on Coinpedia Fintech News
Ever since the XRP price faced a massive rejection in March 2022, the rally continued heading towards the south, discovering the lows below $0.3. As it triggered a rebound, it maintained a healthy upswing along the trend line that acted as strong support throughout the journey. However, the market dynamics appeared to have changed to …
The post Top Altcoins for 100% Profits This Week! appeared first on Coinpedia Fintech News
The cryptocurrency industry continues to display a strong bearish price action, indicating increased selling-over-buying pressure in the crypto market. Further, top tokens continue to bleed with the market leader, Bitcoin recording a low of $60,919 within the past 24 hours. However, the ongoing correction is an excellent opportunity to stack altcoins to maximize your profits …
The post Ethereum & Cardano Displaying Acute Weakness Against Bitcoin, Has AltSeason 2024 Differed? appeared first on Coinpedia Fintech News
The market dynamics appear to have changed to a large extent as the prices of the majority of the cryptos have plunged below the crucial support as Bitcoin slumped hard to close to $60,000. During the previous pullback, many speculated a drop below the levels, but the token underwent a rebound from the levels similar …
The post Bitcoin Losing Crucial Support: Here is What One Can Expect from the BTC Price Rally appeared first on Coinpedia Fintech News
Bitcoin witnessed a severe downfall, while the other major altcoins also faced a similar consequence, and the pullback is considered a healthy plunge as of now. Besides, the rally is progressing very quickly, which has been raising concerns about its impact on the rally as speculations of a ‘black swan’ emerge, but it appears to …