In the last week, Bitcoin (BTC) experienced a stunning price movement with a peak at about $69,000 before correcting itself. The data available as of this moment indicates that BTC is now going for $66,032.21, which is 0.55% down over the past seven days. The volume of trade for Bitcoin has dropped significantly by 28.08%, indicating reduced market activities and possibly leading to the fluctuations in prices witnessed during the week. This decrease in volume usually suggests a loss of trader’s interest or lack of certainty concerning the direction of prices among investors. BTC/USD 7-day Price Chart(Source: CoinMarketCap) Also, the…

Solana (SOL) has experienced a notable price decline of 5.84%, bringing its current price to $180.44. The trend is part of a broader bear market that has been persistently showing a downtrend over an extended period of time. There is indeed a steep decline in values from the earlier peak of $191.26 towards the current level as indicated in the chart. This steady decline reflects ongoing sell-offs as shown by the descending red line on the chart. Simultaneously, Solana’s trading volume has grown by 16.44% during the fall in price, signifying vibrant selling activity within the market. Support and Resistance…

On Monday, the Bitcoin fear and greed index rallied to 74, as its underlying value surged past $69,000 for the first time since early June. This surge comes after last week’s bullish signal on Bitcoin, which closed with a dragonfly doji candlestick and had a fantastic rally over the weekend. The major cryptocurrency recorded a daily high of about $69,711, suggesting that it could break out to higher all-time-high (ATH). Source: CoinMarketCap Bitcoin Technical Indicators Show Strength In terms of technical analysis, Bitcoin has consistently been closing above the 50-day and 200-day moving averages (MAs) in recent weeks. Bitcoin’s ability…

The trading volume of Cardano (ADA) has risen significantly despite the consolidation of the price. CoinGlass says the trading volume for ADA increased by 96.99% in the past 24 hours, with $365.83m traded against it compared to yesterday’s $214.14m. Growing Speculation on ADA ETF The Cardano community has been abuzz with speculation regarding the potential introduction of an ADA Exchange-Traded Fund (ETF). This speculation follows the recent approval of spot ETFs for Bitcoin and Ethereum by the United States Securities and Exchange Commission (SEC). There will be $ADA ETFs. #Cardano pic.twitter.com/IKd29QpjVu — St₳ke with Pride 🌈 SPO & DRep (@StakeWithPride)…

Bitcoin (BTC) price has been on the rise in the past day as attention turns to the former US president Donald Trump’s speech at the Bitcoin 2024 conference in Nashville. Bitcoin opened today’s trading at around $66,900 and declined to a low of around $66,800 before rebounding to around $68,000. It was valued at $67,837.38 by day-end, thus denoting a generally upward trend. This bullish trend is evident in the fact that Bitcoin closed higher than it opened on this day. A sustained overall rise signifies intense buying pressure despite fluctuating prices with peaks and troughs. This development has led…

The price of Pepe (PEPE) has been quite volatile in the past few days, attributable to the bearish sentiment in the whole crypto market. Consequently, the PEPE price fluctuated and reached a 24-hour high of around $0.0000120, later dropped to about $0.0000110, and is currently trading at $0.00001184. Concurrently, in the last 24 hours,  PEPE’s trading volume has decreased by 14.19%. In addition, PEPE’s market capitalization has dropped by 0.70% and currently stands at around $4,952,657,574. Beyond that, according to Etherscan, the number of holders of PEPE has exceeded 264,000, attesting to the interest in the coin. Source: CoinMarketCap This…

Bitcoins price has dropped to $64,340 amidst increased market fluctuations and broader economic conditions. This downward movement is a moment for Bitcoin as it faces challenges in maintaining support levels. BTC market capitalization dipped by 3.11% during the rally to $1,268,878,140,393. However, the 24-hour trading volume surged by 7.96% to $34,701,167,470, with investors buying the dip. Source: CoinMarketCap Market Reaction to Global Tech Stock Slump The decline in the cryptocurrency markets is closely linked to a downturn in global technology stocks leading investors to look for secure investment options. Both the S&P 500 and Nasdaq closed at their lowest points…

Despite being bullish in the last 24 hours, with the price soaring to an intra-day high of $68,267, the Bitcoin (BTC) price hit as Mt Gox made substantial Bitcoin transfers. The now-defunct exchange moved more than $2.8 billion worth of Bitcoin, which affected the cryptocurrency market at the time. Source: CoinMarketCap) Mt Gox Bitcoin Transfers According to data from Arkham Intelligence, on July 23, Mt Gox transferred 42,587 BTC, valued at around $2.85 billion, to an internal wallet. Another 5,110 BTC was moved via yet another internal wallet, all indicating that the exchange is preparing for BTC repayments to creditors.…

Ethereum price analysis points toward a possible upside ahead of the Ether ETF launch, although whale activity signals a possible sell-side pressure. Two large investors have moved as much as 25,865 ETH to centralized exchange wallets over nine days, raising fears that there could be a possible sell-off in the crypto market. Whales Transfer ETH to Centralized Exchanges Large-volume holders in ETH have largely anticipated the upcoming launch of the ETF, data from Spot On Chain shows. One of the whales, with the address prefix 0xbec, sent 11,965 ETH valued at around $41.4 million to Binance, and it still held…

Bitcoin raced to a new one-month high above $66,000 on July 19, 2024. This means the crypto market has undertaken general positive momentum, which has seen the value of the cryptocurrency Bitcoin rise sharply from $63,303 to almost $67,000 within hours. Bitcoin’s Recent Performance On July 19, its price sharply surged to an intraday high of $66,773. The spontaneous increase in the asset resulted from a confluence of bullish factors and market dynamics.  According to TradingView data, Bitcoin’s value surged by over $3,000 in four hours, liquidating shorts worth $131.65 million in the process.  The latest rally has henceforth affected…