The cryptocurrency market is in retreat once again, with bitcoin dumping below $95,000 for the second time since Monday evening.
While many altcoins are also deep in the red, the ever-volatile meme coin sector has produced some of the most violent corrections.
Although there are many success stories of small-time investors turning thousands of dollars into hundreds of thousands or even millions, the meme coin niche remains highly-volatile and risky, especially in times of market-wide corrections.
The current situation solidifies this narrative. Bitcoin has declined by 3% on a daily scale, dropping below $95,000 minutes ago. Many larger-cap alts, such as ETH, SOL, and BNB, have slipped even more – by around 7% each.
However, assets from the meme coin industry, like BONK,
Articles by Jordan Lyanchev
Why Is Ripple’s (XRP) Price Down by 17% Today?
3 days agoTL:DR;
XRP continues to dig new local bottoms as the asset slumped to a multi-day low of under $2 twice in the past 24 hours.
This comes just a few days after some analysts speculated that Ripple’s token had already peaked during this cycle.
Recall XRP’s massive price surge that started shortly after Donald Trump’s victory in the US presidential elections and intensified when current SEC Chair Gary Gensler said he will depart from his position on January 20, 2025.
The cross-border token skyrocketed by over 400% within the span of a month, going from under $0.6 to almost $3 to chart its highest price tag since January 2018.
However, this is where the landscape changed for the asset as it quickly started to lose momentum even though the community was anticipating a break
Over $1.4 Billion in Liquidations as Bitcoin (BTC) Dumps by $6K in Hours
4 days agoBitcoin’s latest price rejection at the coveted $100,000 mark has pushed the asset south hard, dumping by about six grand in hours.
The altcoins followed suit with massive losses from most of them, including double-digit price declines from WIF, TIA, FIL, APT, LTC, and others.
Bitcoin/Price/Chart 9.12.2024. Source: TradingViewShortly after CryptoPotato’s Market Watch from the morning, BTC actually went on the offensive and jumped above $100,000. However, that was short-lived, and the asset slumped below it almost immediately.
It lost a few grand and calmed at $98,000 in the following hours before the bears were able to take complete control of the market minutes ago and propelled a massive leg down.
In it, BTC’s price tumbled by four grand within an hour or so and dumped
Short-Term Pain but Long-Term Rally for Ripple (XRP): Analyst
4 days agoTL:DR;
Ripple’s native token is poised to retrace in the short term, but that could be just the start of another rally that will push it to a new all-time high, said a popular analyst.
XRP has cooled off after the recent gains and is actually 10% down on the week.
XRP took off a little late after Trump’s decisive win in the US presidential elections, but once it did, it stole the show completely. At one point, its gains had gone above 420% on a monthly scale as the asset climbed to a multi-year peak of almost $3.
As the community was praising and celebrating the move in anticipation of a new all-time high ($3.4, according to CoinGecko), XRP’s momentum vanished, and it started to lose value gradually. As mentioned above, the token now stands at an 11% weekly decline, and
ADA Price Unfazed Despite Hacked Cardano Foundation X Account Indicating SEC Lawsuit
5 days agoCharles Hoskinson, the founder of IOG – the organization between the Cardano ecosystem, has informed that the Cardano Foundation’s X account has been compromised by bad actors.
They posted a tween about an SEC lawsuit, claiming that the Foundation will cease its support for ADA.
The false statement begins by explaining that the US Securities and Exchange Commission has continued with its war against crypto under the current regime by filing a lawsuit against the Cardano Foundation.
Consequently, the team had made “the difficult decision to immediately cease all support towards the ADA token to ensure compliance with regulatory requirements.”
Such statements typically impact assets in the ever-volatile cryptocurrency market, but the swift reaction of X’s team and Charles
Meme Coin Whales on the Move: Stacking Up on PEPE, Dumping WIF
5 days agoTL:DR;
Whales continue to make big moves in the cryptocurrency market, and some keep accumulating PEPE.
At the same time, others have decided to possibly part with WIF holdings and secure substantial profits.
Lookonchain data has repeatedly outlined the growing demand from large investors toward the third-largest meme coin – PEPE. The latest substantial acquisition came hours ago as two wallets, perhaps belonging to the same entity, spent almost $5 million in USDC to accumulate over 190 billion PEPE.
This came amid the asset’s price rally that pushed it beyond $0.000026 for the first time ever on Saturday evening.
Whales are buying $PEPE!
2 wallets (likely belonging to the same whale) spent 4.89M $USDC to buy 190.14B $PEPE at an average price of $0.00002572 in the last 6
First Time Since March: ETH Price Skyrockets Past $4K as ETF Demand Rises
7 days agoETH has finally joined the bull party as its price shot up to over $4,000 for the first time since March this year.
This spectacular surge comes on the heels of the growing interest and demand for the spot Ethereum ETFs, as Thursday was the best day ever in terms of net inflows.
ETHUSD. Source: TradingViewOn the day the US presidential elections were decided – November 6 – ETH’s price struggled at around $2,500. The rest of the market was in anticipation of the results but once it became clear that Trump will be the next POTUS, BTC and most alts exploded.
Ethereum also went up but remained in the shadow of bitcoin and many altcoins, such as XRP, DOGE, XLM, TRX, SOL, and even BNB at one point. Many of those charted fresh all-time highs, while others went to multi-year
Solana Whales Begin Accumulation Spree Amid Predictions of SOL at $600
9 days agoTL:DR;
SOL’s price skyrocketed after Trump’s victory in the US elections to a new all-time high of $263 on November 23 but lost its momentum and is down by more than 11% since then.
However, whales seem unfazed as they keep buying portions of the asset while analyst envision a massive rally that could push it to as high as $600.
SOL Whales Push the Buy Button
As mentioned above, Solana’s native token was among the biggest beneficiaries of Trump’s victory as it found a place among the top four altcoins at one point when it was in front of XRP and surpassed BNB. However, the roles have reversed, with XRP surging to the third spot, while Binance Coin took back the fifth earlier today after a historic rally to a fresh peak.
Solana, alongside other assets like BTC and DOGE,
Here’s Why Shiba Inu’s (SHIB) 10% Daily Correction Could be Good News: Analysts
11 days agoTL:DR;
Shiba Inu surged on Sunday but retraced hard on Monday, alongside the rest of the market.
However, certain analysts believe this could be the calm before the storm, and they even envision a new all-time high for the popular meme coin.
SHIB’s Monday Downfall
CryptoPotato reported yesterday the positive price developments around the second-biggest meme coin. At the time, SHIB was the top performer from the larger-cap alts, having surged by over 15% on a 24-hour scale. As a result, SHIB skyrocketed to its highest levels since March this year of over $0.000033.
However, the entire crypto landscape changed on Monday, with many assets plunging hard. Bitcoin, for example, dumped from over $98,000 to under $95,000 amid some potential profit taking from whales.
Shiba Inu’s
Ripple Price Eyes $3 as XRP Goes Parabolic: Who Is Behind This Rally?
11 days agoTL:DR;
XRP continues to make the headlines, with another notable surge that pushed its price beyond $2.7 for the first time in almost seven years.
On-chain data has attributed this mindblowing monthly rally to whales accumulating the asset, mostly on Coinbase.
It almost seems like a repeat now when it comes down to XRP’s price performances in the past month and since Sunday, in particular, but there’s a lot going on around the asset.
Recall that just yesterday, Ripple’s native token traded at around $1.9. However, it exploded first to over $2.2, as reported, before it shot up to $2.5 for the first time since January 2018.
During the market-wide retracement from earlier on Monday, it slipped back down to $2.2, but the bulls stepped up on the gas pedal once again and
$500M in Liquidations as Bitcoin Dumps Below $96K, Ripple Down 10% Daily
19 days agoAfter several days of charting new peaks and coming less than $200 away from $100,000, bitcoin’s price has taken a breather and has dropped by over four grand since Friday’s high.
Several of the high-flying altcoins on Saturday have reversed their trajectory as well, with XRP, DOGE, and ADA dumping hard from the larger caps.
CryptoPotato reported yesterday BTC’s impressive surge that resulted in the asset exceeding $99,800 on most exchanges to chart its latest all-time high. While the community was preparing for a run toward and beyond $100,000, though, the cryptocurrency lost its momentum and started to retrace.
At first, it dropped to $98,000 on Sunday, as reported earlier, but the bears kept the pressure on and bitcoin fell even further to under $96,000. Its market cap
XLM Rally Continues With 485% Monthly Surge, BTC Cools Off to $98K (Weekend Watch)
19 days agoBitcoin’s inability to overcome the coveted $100,000 milestone on Friday and Saturday has resulted in a minor price decline to around $98,000 as of now.
Several altcoins, such as XRP and DOGE, have plummeted as well in the past day, but others, like TON, DOT, and XLM, have charted double-digit surges.
BTC Calms to $98K
BTC traded at around $90,000 at the start of the business week but quickly started to gain traction and exploded above the previous all-time high of $93,800 by the middle of it. This came amid the growing impressive net inflows toward the spot Bitcoin ETFs in the States.
The cryptocurrency’s rally continued in the following days and peaked on Friday. At the time, the asset came just inches away from touching $100,000 but was stopped at about $99,800 on most
Weekly ETF Recap: All Green Days for Bitcoin, But Not for Ethereum
19 days agoThe US-based spot Bitcoin ETFs enjoyed a highly positive week, with every trading day ending with net inflows of millions and even billions of dollars.
In stark contrast, the Ethereum counterparties ended the same five-day trading period deep in red territory.
Over $3B Enter BTC ETFs Weekly
It has been nothing short of a spectacular run for BTC’s price as well as the inflows in the spot Bitcoin ETFs in the US after Donald Trump’s decisive victory in the 2024 presidential elections. The past trading week was no different, although it started somewhat sluggishly on Monday with a modest $254.8 million in inflows.
However, things picked up on Tuesday with $829.5 million, another $773.4 million on Wednesday, and $490.3 million on Friday. Oh, let’s not forget the whopping
BTC Crash Impending? Jim Cramer Calls Bitcoin a ‘Winner’
20 days agoThe crypto community mourns on X as the 2024 bull market seems to be over. No, this is not a drill, Jim Cramer said on national TV that bitcoin is a winner and he advised people to own BTC.
If this isn’t a clear bear signal, we don’t know what is.
Bitcoin Is a ‘Winner’
The host of CNBC’s Mad Money has frequently outlined somewhat controversial viewpoints and advice in his show. His success rate, at least when it comes down to crypto, has been… mixed. Actually, he has changed his mind more times than ‘a girl changes clothes,’ as Katy Perry would say.
We will not go down the long road of his pro- and anti-bitcoin and crypto statements, but all we are going to say is that there is an inverse Cramer account and trading strategy on X, and even Elon Musk has previously mocked
How High Can Ripple (XRP) Go With Gary Gensler Out of the Picture? (AI Bots Analyze)
20 days agoTL:DR;
Enemy number one for Ripple and many other cryptocurrency projects in the US will be leaving in January.
XRP already reacted with a massive surge after the news broke, but how high can it go? This is the answer from ChatGPT and Perplexity.
Gensler Leaves, XRP Surges
The current chair of the US Securities and Exchange Commission announced on Thursday evening the long-anticipated news that he will leave his position at the agency on January 20, 2025 – the day president-elect Donald Trump will step into office.
The Commission has been in a nearly four-year-long battle against Ripple, which seemed close to a resolution during the summer of 2024 but faced another extension as the SEC appealed a previous 2023 ruling. As such, many started speculating that the only way
Double-Digit Price Surges From These Altcoins as BTC Was Stopped Before $100K (Weekend Watch)
20 days agoBitcoin tried and tried to break into a six-digit price territory but was stopped just inches below $100,000 and has been pushed south by around a grand.
Its dominance over the alts has slumped in the past day, as many, such as DOGE, ADA, AVAX, and DOT, have charted double-digit surges.
BTC Fails at $100K
Bitcoin had a highly positive business week, which started with a price surge to over $90,000 on Monday. After a brief retracement, the bulls returned and helped BTC chart a new all-time high of $94,000 on Tuesday.
However, that was just the start as the asset kept climbing and broke above $95,000, $96,000, $97,000, $98,000, and $99,000 by Friday.
Naturally, all eyes turned to the coveted $100,000 target, which many speculated could be broken immediately. However, the
Meme Coin Bloodbath as PEPE, BONK, WIF, PNUT, POPCAT Dump by Double Digits
23 days agoBitcoin reached a new peak of $95,000 hours ago but was rejected and pushed south by over a grand within minutes.
Although it has recovered some ground, many altcoins, especially from the meme coin niche, have plummeted hard, leaving over $400 million in liquidations on a daily scale.
The specific dump is evident by the plunging meme coin market cap. While that of the entire crypto market has dropped by 2.3% over the past 24 hours to $3.2 trillion on CG, the meme coins have lost more than 10% and their own capitalization has slumped from over $130 billion to $115 billion, according to CoinGecko.
The biggest losers over the past day include POPCAT, which has slumped by nearly 20%, and PNUT, which is down by 17%.
More double-digit losses from the largest 100 meme token alts
Major Win for Elon Musk in $258 Billion Dogecoin Market Manipulation Lawsuit
28 days agoThe major lawsuit against the future leader of the Department of Government Efficiency (D.O.G.E) will end soon, at least according to the most recent filings by both sides’ lawyers.
Those representing the investors who sought a $258 billion payout withdrew their appeal from an earlier ruling by Judge Hellerstein, who sided with Tesla’s CEO in August 2024.
Recall that the lawsuit was initiated in July 2022 after the conclusion of the 2021 bull market. It alleged Musk of illegally interfering with DOGE’s price, especially during an appearance on NBC’s Saturday Night Live where he praised the asset, but also via his many tweets on the matter.
Most of those interactions resulted in immediate price increases for the OG meme coin, including tapping an all-time high of over $0.73
Cardano (ADA), Ripple (XRP) Defy Market Sentiment With Double-Digit Price Surges: Details
28 days agoMost of the cryptocurrency market is in the red today, charting some price losses after the recent massive rallies. BTC fell below $90,000 and even briefly dipped beneath $87,000, ETH is down to just over $3,000, while DOGE and SHIB have plummeted by 5-8%.
Two of the top ten largest cryptocurrencies have defied this trend – Ripple’s XRP and Cardano’s ADA. Both assets are up by double digits on a daily scale.
XRP Taps $0.9
CryptoPotato reported yesterday’s price surge from XRP, which drove it from $0.7 to over $0.8 for the first time in almost a year and a half. The most probable reason seemed to be related to the current SEC chair, Gary Gensler, and the growing number of rumors that he will step down from his position soon.
Although such confirmation has not been published
Bitcoin’s Peak Above $93K, Ripple’s Price Explosion, Meme Coin Madness: Your Weekly Crypto Recap
28 days agoThe total cryptocurrency market capitalization increased to about $3.05 trillion throughout the past seven days, adding close to $400 billion. This comes on the back of stellar performance from most of the coins, including but not limited to Bitcoin, Ripple, Dogecoin, and more.
But first, let’s dive into what Bitcoin did. The week started off relatively calmly. Last Friday, when we wrote our previous market update, it was trading at slightly less than $80K, but this all changed on November 11th, when the price broke $80,000 for the very first time.
The industry was ecstatic. It was a major cause for celebration. Little did we know that the bulls had something else entirely planned for the rest of the week. On November 12th, Bitocin tapped $90K for a new all-time high. What
4 Possible Reasons Behind PEPE’s 50% Surge to New All-Time High
November 13, 2024TL:DR;
The third-largest meme coin has exploded by 50% in the past 24 hours and over 100% on a weekly scale.
The asset was listed on a few global exchanges lately, which could be among the reasons of the massive rally and the new all-time high.
Exchange Listings
It does feel like a bull market now, especially for some more volatile cryptocurrencies, like meme coins. After the recent rallies by DOGE and SHIB, now is the time for the third-largest of the cohort – PEPE. The frog-inspired meme skyrocketed by 52% in the past 24 hours and blasted through its previous all-time high. As such, it marked a fresh peak of $0.00002.
PEPEUSD. Source: TradingViewPerhaps the two most evident reasons come from Robinhood and Coinbase. The former said it will start offering trading services
BTC Price Explodes to $92K Despite Bitcoin Miners Reportedly Taking Profit
November 13, 2024It didn’t take long for bitcoin to resume its bull run and spike above $90,000 to chart a fresh all-time high, this time at roughly $92,000.
This comes despite some reports indicating that BTC miners have started to take profits to cover certain expenses.
There’s a lot going on with BTC’s price in the past week, especially since it became known that Donald Trump will be the next president of the US.
The asset’s run has been nothing short of spectacular as it took bitcoin from $68,000 to over $75,000 within a day last Wednesday. That was just the beginning as the cryptocurrency spiked above $80,000 over the weekend and challenged twice $90,000 on Tuesday.
Although it failed there at first and dropped to $85,000 yesterday, the bulls resumed control minutes ago and sent the
Why Did Ripple’s (XRP) Price Explode to 8-Month Peak Above $0.7?
November 12, 2024The bull rally that was induced and propelled by Donald Trump’s victory in the 24 US presidential elections last week seemed to have missed Ripple’s native token, at least until earlier today.
XRP managed to chart some gains in the past week, but it was nothing compared to the massive price surges seen from the likes of Bitcoin, Cardano, Dogecoin, Shiba Inu, and many others.
XRPUSD. Source: TradingViewThe landscape for XRP, which lost some positioning to DOGE in the top 10 digital assets by market cap earlier this week, changed today, with a substantial rise that drove it from under $0.6 to $0.741 (on Bitstamp). This was the highest price the cryptocurrency has seen in precisely eight months.
The crypto community rejoiced at the rally, many of whom had been expecting it,
Why Has Shiba Inu’s (SHIB) Price Skyrocketed by 25% Today?
November 10, 2024TL:DR;
Shiba Inu is among the top three best-performing assets in the cryptocurrency industry today, surging by over 25% to a multi-month peak.
Here are some of the possible reasons behind this massive rally.
Shiba Inu on the Run
Donald Trump’s victory in the 2024 US presidential elections impacted all financial markets, but the ever-volatile crypto industry is at the forefront of gains. This is particularly true this weekend since all other markets are closed, but crypto is open for trading.
After the initial days of Bitcoin-only gains, the altcoins caught up in a spectacular fashion. Amid speculations about a potential meme coin supercycle, assets from that niche have taken the main stage today. Their leader, Dogecoin, jumped by 20% to a three-year high today and
How High Can Cardano (ADA) Go With Hoskinson Helping Create US Crypto Policy?
November 10, 2024TL:DR;
IOG founder Charles Hoskinson said he will be a part of a team working to create regulatory policy for crypto during the Trump administration.
ADA’s price jumped immediately to a multi-month high, but Perplexity now speculates about a potential top.
Perhaps the most notable piece of news for the cryptocurrency industry this weekend came from IOG’s founder, Charles Hoskinson. As reported earlier, he outlined his plans for 2025, indicating that he will spend a big portion of his time helping the Trump administration create a comprehensive and possibly more favorable regulatory environment for the digital asset industry.
While the details of the upcoming legislation are scarce, it seemed that the news propelled a massive surge for the entire market, with BTC leading
Ripple (XRP) Jumps by 10% But Dogecoin (DOGE) Flips It
November 10, 2024The entire cryptocurrency market is in the green today, but some are doing better than others. Ripple’s native token, for example, has charted a noteworthy 10% daily surge and sits above $0.6.
However, it has lost its position as the 7th-largest cryptocurrency by market cap to Dogecoin, which has risen to another multi-year high.
The past 24 hours have only solidified the overall bullish trend that started after Donald Trump’s victory in the 2024 US presidential elections. Moreover, it has been mostly about the altcoins, such as ADA and DOGE, even though BTC managed to chart a fresh peak of its own earlier.
Dogecoin’s price surge has been particularly impressive. The meme coin has risen by 19% in the past day and broke above $0.24 for the first time since late 2021. In
Bitcoin Stock-to-Flow Model Back on Track, Predicts $500K Per BTC: PlanB
November 10, 2024After surging by more than 15% within a week, as well as breaking its March all-time high and charting several news ones, the latest at almost $80,000, bitcoin has become the focus of massive price predictions once again.
While some come from questionable and unknown analysts and sources, one of the original bull cases – the stock-to-flow model developed by PlanB – indicates a rather impressive price of $500,000 per BTC as the asset seems “ready to take off” now.
After the ETF fake-out earlier this year, bitcoin is now ready to take off. Stock-to-flow model predicts 500k average with 250k-1m bandwidth. Note this is the original 2019 model refitted with 5y new data: same parameters, same results (55k -> 500k -> 4m)https://t.co/9mxETi4N1W pic.twitter.com/U9sgoxHZO3
— PlanB
Double-Digit Price Surges From These Altcoins as Bitcoin (BTC) Eyes $80K (Weekend Watch)
November 10, 2024It feels like a bull cycle once again as bitcoin’s price continues to chart new all-time highs almost daily, with the latest coming hours ago at just shy of $80,000.
The altseason seems to be kicking off as well, with multiple alternative coins registering double-digit price surges over the past day.
BTC’s New and Latest Peak
It’s safe to say that the cryptocurrency landscape has become entirely different after Donald Trump’s win in the 2024 US presidential elections. Recall that BTC struggled at $67,000 on Monday but soon skyrocketed to $75,000 after his victory became official and has only doubled down since then.
The US Fed’s rate cut on Thursday sent the asset flying once again, this time to roughly $77,000. Bitcoin calmed on Saturday but went back on the offensive
Bitcoin Price at All-Time High as Fed Cuts Interest Rates by 25 Basis Points
November 7, 2024In the first FOMC meeting after the November US presidential elections, the nation’s central bank cut the interest rates by 25 basis points, which was what the market and experts anticipated.
Bitcoin’s price, which is typically very susceptible to US-related news, was already at all-time high levels of just shy of $77,000 and remained relatively still.
It has been a big week for the world’s largest economy as the nation elected a new president on Tuesday, who presents an entirely different direction for the next four years.
On Thursday, the Federal Reserve was scheduled to host its first FOMC meeting since the one in September when it lowered the key interest rates by 0.5%.
Most market analysts and experts anticipated a more modest cut of 25 basis points during the
Is This The Last Week Bitcoin (BTC) Will Ever Be Below $70K?
November 2, 2024The US presidential elections are just around the corner, with the world’s largest economic force anticipated to choose between continuing with a similar path as the past four years or changing its course completely if they go with Republican candidate Donald Trump.
While the economic consequences will impact millions and millions of people, the crypto community is anticipating how it will affect bitcoin and altcoins.
Never Below $70K Again?
The popular crypto trader EllioTrades showcased a compelling chart earlier today. It indicates that the election week on all three previous occasions in the US during BTC’s existence actually marked a low for the asset that was never repeated again. Meaning, that its valuation has never gone below that level since the last week before