Bitcoin (BTC) continues to dominate the cryptocurrency market, currently priced at $57,178.19. The market cap stands at a robust $1.128 trillion, securing its position as the leading cryptocurrency. Despite a slight recovery, BTC has shown a consistent downtrend over recent weeks.The 24-hour trading volume stands at $40.44 billion, reflecting a decrease of 7.93%. Despite recent gains, Bitcoin struggles to sustain its upward momentum due to heightened selling activity in perpetual markets and a long-squeeze event. CryptoQuant’s funding rates chart shows a sharp decline, indicating aggressive short selling and the liquidation of long positions. With funding rates now negative, the market…

Pepe Coin (PEPE), a popular meme coin, has remarkably recovered after experiencing significant losses. As of the latest trading sessions, PEPE has surged over 4%, reflecting a renewed interest in meme coins. Despite this upward trend, Pepe Coin faces critical resistance at $0.0000095, a pivotal level that could determine its short-term market direction. PEPE Consolidates at Support Zones Pepe Coin is in a dangerous position with the price hovering near key technical thresholds. After falling below the support level at $0.0000110, PEPE formed a contracting triangle pattern on the daily chart indicating that it was entering consolidation mode. The breakout…

Bitcoin (BTC) has made a remarkable recovery after experiencing significant volatility, surging past the $56,000 mark with a daily gain of 10.71% to trade at $55,439.82. This comes amid a broader crypto market rebound following Monday’s steep decline, where Bitcoin fell over 15% to touch lows near $49,000. The wider crypto market shows signs of recovery, climbing nearly 8% over the past 24 hours. This renewed upward momentum in Bitcoin and the crypto market is indicative of shifting market sentiment, which could potentially mark the beginning of a bullish turnaround. Key Drivers of Bitcoin’s Recovery Several factors have contributed to…

XRP has shown some serious strength amid all the market volatility, up to $0.5018 after dropping hard. The price went as low as $0.43 before bouncing and hitting a daily high of $0.5185. This bounce comes as Bitcoin led the charge, getting back above $55,000 after dipping to $49,000. XRP’s quick recovery is due to increased trading, with 24-hour volume at $2.78 billion, down 10.88% from yesterday but still a lot of activity. XRP has bounced big and strong in the last few trading sessions, up to $0.5018, 7.03% in the last 24 hours. This comes after the big market…

Bitcoin (BTC) has recently experienced a severe downturn, reflecting heightened market volatility and a series of adverse economic developments. Currently trading at $51,633.31, Bitcoin has fallen by 13.26% in the past 24 hours, further exacerbating a broader decline that has been unfolding over the last few weeks. The cryptocurrency briefly dipped as low as $49,000 on major exchanges like Binance, marking a substantial retreat from its recent highs of over $70,000 just a week ago. The recent price drop has been characterized by a significant increase in trading volume, which has surged by 184.51% to reach $77.88 billion. This surge…

The PEPE token is currently undergoing a significant market test. Over the past week, PEPE has experienced a dramatic 28.97% drop, signaling a bearish sentiment pervasive among investors. The token recently plummeted to a new low of $0.00001014, marking an 11.7% decrease within a single day. This sharp decline is partly attributed to a significant sell-off by a whale on Binance, who liquidated 400 billion PEPE tokens, ostensibly to take profits. This action not only influenced PEPE’s price trajectory but also heightened market volatility around the token. PEPE Technical Indicators Point to bearish market sentiment Looking at the daily chart,…

Toncoin (TON), the layer one blockchain championed by Telegram, has encountered robust resistance between the $8 and $8.25 marks, signaling a pivotal moment in its market trajectory. As the broader cryptocurrency landscape undergoes a correction, TON’s price dynamics offer a fascinating study in resilience and market sentiment. Toncoin despite being backed by strong partners and having innovative technology has suffered from market volatility. For instance, recently, the cost of TON could not surpass the barrier above $8.25 which happens to be its all-time high. This resistance level bears watching because it corresponds with a time when there is increased activity…

Bitcoin (BTC) is currently experiencing bearish pressure at $64k following a slump from the crucial $67k. The trading volume for BTC has surged by 25.61% in the last 24 hours, reaching approximately $83 billion, indicating robust market interest and increased trading activity. Major exchanges are seeing significant volumes, with Binance leading at $23.56 billion, followed by Bitget, Bybit, and OKX. This heightened trading activity is crucial for Bitcoin’s market momentum, contributing to its current market capitalization of $1.27 trillion. Although it is down by just 0.03% over the past day, it has risen by 3.04% in the last thirty days…

Toncoin (TON) is trading at $6.81 today, showing a slight decline of 0.16% in the last 24 hours. The current market sentiment reflects cautious bearishness as the price struggles to maintain its value. With a trading volume of $223,434,012 USD, the liquidity remains robust, but the prevailing downtrend highlights growing investor concerns. The price is testing crucial support at $6.57, a level that could significantly influence the coin’s short-term trajectory. If this support is breached, further declines are possible, potentially driving the price down to $6.02. Toncoin Technical indicators signal bearish market Technical analysis of Toncoin reveals some bearish signals…

Shiba Inu (SHIB) has recently gone through tumultuous market conditions, affecting its value and investor sentiment. Presently, the coin is struggling in contrast to its previous height of prosperity during speculative rallies amid a wider sell-off that also witnessed Bitcoin and other major cryptos retracting from their peaks. In the last 24 hours, Shiba Inu has seen a significant decline in price; it is now valued at $0.00001678. This decrease represents a broader negative trend in the crypto market after significant moves involving major tokens including notable sell-off in Bitcoin following the U.S government’s actions with “Silk Road” tokens. However,…