Bitcoin, the leading cryptocurrency, experienced a significant drop in price on Friday, causing panic among investors. However, the market managed to stabilize, and Bitcoin regained some of its losses on Saturday, hovering above the $54,000 mark. This price movement has not only affected Bitcoin but also had repercussions on other altcoins in the market. Ethereum
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Ethereum (ETH) is currently facing a significant challenge with regards to its on-chain activity. One of the key factors affecting ETH performance is the declining total transaction fees on the Ethereum network. This decline can be mainly attributed to lower fees following the Dencun upgrade. Additionally, the relative transaction count on the network has also
The crypto market is infamous for its unpredictability, with prices constantly fluctuating up and down. Despite this volatility, large investors, often referred to as whales, are actively participating in the market. Data intelligence firm Santiment has recently released an analysis highlighting the top ten crypto projects with the most significant increase in whale activity. SuperRare:
The recent Bitcoin and crypto market crash has led to a significant plunge in prices across the board. As a result, sentiment among crypto investors has rapidly declined, causing the Fear & Greed Index to drop into the Extreme Fear territory. This shift in investor sentiment could potentially have both negative and positive implications for
Trading bots have become a popular tool in the world of financial markets due to their ability to automate trading processes and make quick decisions based on market data. These bots work based on pre-set rules and algorithms, allowing them to operate without human intervention. This can be beneficial for traders who struggle to keep
Recent developments in the crypto market have shown that Ethereum has entered oversold territory, signaling a potential bullish trend for the second-largest cryptocurrency by market capitalization. Analysts have suggested that Ethereum is prime for a price rally that could send it soaring as high as $6,000. According to various crypto analysts like Titan of Crypto,
The recent decrease in the percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has raised eyebrows in the crypto market. This drop, which has brought the metric to its lowest level since October 2023, correlates with the ongoing downward trend in the value of bitcoin (BTC) and other cryptocurrencies. Analyst EgyHash from CryptoQuant believes
The latest US jobs report released on Friday fell short of expectations, with only 142,000 new jobs added in August compared to the anticipated 160,000 or more. This news caused a stir in the financial markets, particularly in the cryptocurrency space, with Bitcoin seeing a surge towards $57,000 in response. The jobs report is crucial
Toncoin (TON) witnessed a significant decline from its peak in June, currently trading at a 40% lower value. The once-promising asset saw a sharp drop after reaching an all-time high of nearly $8.20 earlier in the year. Unfortunately, this momentum was short-lived, and the price has since plummeted to around $4.80, leaving many investors at
In a recent video analysis, crypto analyst Dan Gambardello explored the potential future of the Cardano (ADA) price in light of the looming possibility of a US recession. With a substantial following of 369,000 on YouTube, Gambardello highlighted the apprehension among ADA holders and crypto investors due to the current economic discourse surrounding a recession.