In the wake of a challenging week marked by negative news such as Mt. Gox’s update and the German government’s Bitcoin dump, the crypto market finally saw a brief relief. Chainlink (LINK) managed to gain over 4% within 24 hours, despite facing increased bearish pressure. Interestingly, whales in the market have been actively accumulating LINK,
Bitcoin
Veteran trader Peter Brandt has recently raised concerns about the possibility of Bitcoin dropping to as low as $44,000. He based his prediction on a technical indicator that signals a bearish outlook for the flagship cryptocurrency. Brandt suggested that Bitcoin could plummet to $44,000 if it has indeed completed a double top pattern. A double
Bitcoin’s recent price action has caused fear among investors in the crypto market, with concerns rising about the possibility of the bull market coming to an end. The daily timeframe shows a clear bearish trend, with lower highs and lows being formed since the price fell below $70K. Breaking below the key $60K level and
The cryptocurrency market has been experiencing a rocky start to July, with various factors contributing to the bearish sentiment. The highly anticipated Spot Ethereum ETFs failed to debut as scheduled on July 2nd, and reports emerged of significant BTC sell-offs by the US and German governments. These events have added to the uncertainty surrounding the
Recently, the cryptocurrency market witnessed a significant rebound, with Bitcoin surging to almost $58,000 and Ethereum crossing the $3,000 mark. Meme coins like Shiba Inu also experienced substantial gains during this period. However, despite the positive price movement, some metrics within the SHIB ecosystem have shown a decline. One of the key indicators that have
Despite the emergence of several blockchain networks offering lower fees and faster transaction times, Ethereum continues to dominate the market. Users seem willing to pay higher fees for the reliability and security that Ethereum provides. According to data compiled by Lookonchain, Ethereum has surpassed Bitcoin in terms of 1-year fee revenue, with an impressive $2.728
Bitcoin’s price has been stagnant since its peak in March, with many analysts pointing to the impact of tight U.S. monetary policy on the cryptocurrency market. According to CryptoQuant analysts, the tightening of monetary policy in the U.S. since March 2022 has led to a reduction in stablecoin supply, which has directly affected Bitcoin’s ability
Bitcoin’s recent drop below $54,000 has caused quite a stir in the crypto community. Many are quick to label this as the end of the bull market, while others see it as a natural ebb and flow in Bitcoin’s growth trajectory. The market correction, as reported by CryptoPotato, is one of the most severe since
Recent price movements in the cryptocurrency market, particularly with Bitcoin, have once again highlighted the extreme volatility that investors have come to expect. The sudden drop below $54,000 on July 5 served as a stark reminder of just how quickly fortunes can change in the world of digital assets. Over the past month, Bitcoin has
The long-awaited restitution to users of the now-defunct Mt. Gox exchange may finally be happening in July. However, the market players are feeling nervous about how this distribution will affect the price of Bitcoin. There is a sense of fear regarding potential sell-offs in the market as uncertainty looms around the impact of the Mt.