Bitcoin has been crossing a difficult market terrain characterized by huge government sell-offs. During the past month, bitcoin’s price fell about 12% with a sudden 6% slump in just this week alone. 3. Nevertheless, bitcoin managed to bring its year-to-date increase to nearly 44.60%. Government Actions and Market Impact The present sales of bitcoins by the US government and other European authorities have heightened market jitters causing the prices to dip below $61,000 levels. The U.S. authority’s transaction of 3,940 Bitcoins alongside prior liquidation that was worth $241 million has caused investor worries over continuous selling pressure among them. These…

A strong rebound of 2.83% in the past day saw Shiba Inu (SHIB) go up to $0.0000176. This is a critical moment for SHIB as it attempts to overcome significant resistance. The main goal for SHIB bulls is to recover the $0.000017 to $0.000018 region, which includes a massive 419.58 trillion SHIB that was bought by 21,010 addresses according to IntoTheBlock’s Global In/Out of Money analysis. The huge volume printed on these levels signalizes increased selling pressure because many addresses may start selling once the market price hits their average cost thus forming resistance. SHIB Faces Fesistance at $0.000018 The…

Today, FLOKI has seen a sharp decline as its price currently sits at $0.000151, down 11.99% in the last 24 hours. FLOKI, one of the most popular altcoins, has also declined in value as the overall cryptocurrency market continues to be bearish. The trading volume of FLOKI is $184,475,498, which shows that there is still significant trading activity in the token despite the price drop. FLOKI Declines further The FLOKI token has dropped more than 50% since its record high in June, which is typical for the cryptocurrency market. The 4-hour chart reveals that FLOKI is trading above key support…

Bitcoin’s market sentiment today reflects a cautious atmosphere as the cryptocurrency navigates below the $64,000 mark, with potential pressures pushing towards a further decline. Current trading conditions suggest a precarious position for Bitcoin, primarily influenced by the selling activities of short-term holders and increased mining outputs. Market Overview As of now, Bitcoin trades at approximately $64,252.24, with a negligible 24-hour change of 0.03%. The trading volume has reached around $7.986 billion in the same period. Despite this seemingly stable price movement, underlying market dynamics indicate potential volatility. Bitcoin has recently marked a 30-day low at $63,622, highlighting the ongoing downward…

The price analysis of Pepe Memecoin reveals that PEPE is currently in the process of retesting key support levels of $0. 000011.The meme coin is now turning the previous all-time high into a support level after retesting the 1-day 100 EMA successfully. The traders are keenly observing the breakout from the 1-day downtrend, which can be considered as the right time to go long on PEPE, according to Crypto Scient. The PEPE coin has been quite volatile, and its price has recently dropped from an all-time high (ATH) of $0.00001718, which has risen by 35% in the past few trading…

Bitcoin (BTC) has been under significant pressure, breaching key support levels and trading below $65,000. The decline happens at the time when the US stock market has recently recovered and Bitcoin was corrected by 10% from the peak of $72,000 in June. For the past week, Bitcoin has been performing rather poorly against the stock market, dropping to its lowest point in the last 4 weeks. This decline has happened with no new major events that could affect investors’ decisions, which may signal a change in market psychology. According to IntoTheBlock, the crypto market had almost doubled its value from…

Toncoin (TON) recently touched a fresh high, which is $7.78, mainly due to the increase in the trading volume and strong buyers’ demand. In the last week, Toncoin has recorded a 24-hour trading volume of $270,103,212, thus bringing its market capitalization to $18. 26 billion and moving it up to be the ninth-largest cryptocurrency, surpassing Cardano (ADA). The price has been holding a very good support above the $7.250 level, which indicates that there is strong bullish sentiment behind the day’s bearish pattern. Toncoin (TON) Market Analysis: Stability amid Instability The recent Toncoin price analysis reveals that TON has had…

The price analysis of MATIC shows that the token is likely to have a strong rebound as it bounces up. Currently trading at $0.582729, Polygon has seen a +1.40% in the last 24 hours and has a trading volume of  $223,938,825. Some analysts believe that MATIC is on the verge of a huge surge and may even reach the $1 mark. This optimism is in contrast to the recent declines in the asset due to the Federal Reserve’s tightening of its monetary policy. Following a sharp price drop in the previous week, altcoins have bounced back in the last day.…

Fetch. ai (FET) has seen a bullish movement of about 8% in the last 24 hours. This rise comes after the token fell down its important support level yesterday. Currently trading at $1. 29 with a 24-hour trading volume of $186,856,986, Fetch. ai has demonstrated a strong Year-to-Date return of +75. 86%. Such a performance is indicative of the long-term positive outlook that investors have for Fetch. ai. Fetch. ai (FET) Reveals a Good Rebound in the Market The live Fetch. ai price today is $1. 29 USD, with a 24-hour trading volume of $186,856,986 USD. This is a significant…

Toncoin (TON), the native token of The Open Network, is under considerable pressure in the market at the moment. It has risen to a maximum of $8.25 on June 15, TON has entered a correction period, testing key support levels in a highly volatile environment. According to the latest information, Toncoin is at $7.18, reflecting a 7.55% drop over the last 24 hours. The cryptocurrency has been very volatile and has had a very high trading volume of $437,910,797 in the same period. This decline is in line with the general bearish trend that has been seen in the crypto…