Markets

Bitcoin’s price movements for the past few days have been quite painful as the asset slumped to $65,000 yesterday for the first time in about a month. Despite recovering from their lowest positions as well, the altcoins are also deep in the red, with NEAR, FIL, and FET dumping the most. BTC’s Rollercoaster Continues The primary cryptocurrency had a somewhat positive start to the business week as it pumped to and slightly above $70,000 on Monday. However, the landscape changed...

Ethereum has continued to face challenges staying above the $4,000 mark, mirroring the lack of momentum in the broader market. While the investors await for a rally, data suggest a surge in demand for the world’s largest altcoin. Permanent Ethereum Holders Bought Big According to CryptoQuant head of research Julio Moreno’s recent findings, Ethereum’s demand has spiked owing to a significant buying spree by “permanent holders” of the cryptocurrency. In fact, this cohort of...

TL;DR Dogecoin (DOGE) has dropped to around $0.14, a 12% decline in a week, but some analysts expect a potential price surge based on technical patterns. Market analysis shows DOGE has strong support at $0.115 and resistance at $0.16, with an RSI of 48 indicating it is neither overbought nor oversold. Where’s DOGE Headed? The largest meme coin in terms of market capitalization – Dogecoin (DOGE) – has been heavily affected by the recent market decline. Its price tumbled to...

The cryptocurrency market experienced a sharp decline during the evening of last Friday. Bitcoin’s price crashed below $70K, prompting a considerable market sell-off. The total capitalization is down by about $100 billion in the process, currently sitting at around $2.57 trillion. Everything was going well when the bears decided to have a late Friday night party. The move was sudden, pushing Bitcoin’s price below $70K and initiating a considerable downturn across the entire...

As a shock to many, Senator Elizabeth Warren has pleaded with the Chairman of the Federal Reserve to reduce interest rates. This request could trigger massive growth in the crypto market, especially for Optimism (OP), Tron (TRX) and DTX Exchange (DTX), which is a Stage 2 presale star. In fact, market analysts hint that this altcoin may soar by 50x in 2024. Optimism (OP): Stage 1 Arrives Optimism (OP) has been making a big splash lately. This project implemented Fault Proofs and completed...

AI crypto projects are in high demand right now. While other areas of the crypto market might be displaying volatility, AI tokens are continuing higher – with Fetch.ai (FET) and WienerAI (WAI) leading the charge. Fetch.ai Benefits From Buzz Around AI Cryptos Let’s kick things off with Fetch.ai, which has traders buzzing after its FET token went on a tear in the past 24 hours. The AI-focused token surged as much as 19% at one point, putting a stop to the slide it had been...

Notcoin (NOT) is experiencing a bullish uptick, with a 14% pump in the past day. This takes NOT’s price up to $0.018 after a period of bearish momentum. And some traders think the new PlayDoge (PLAY) gaming token could be next to follow suit, thanks to its retro vibes and P2E rewards. Notcoin Sees 14% Surge as Trading Volumes Pick Up If you’re watching the market, Notcoin has likely caught your eye this week. The meme-themed gaming coin is currently up over 8% since...

The Blockchain Expo World 2024, the world’s largest blockchain and crypto expo, is set to take place at the Istanbul Expo Center from July 4-7, 2024. This event marks a significant milestone as Turkey’s first state-approved blockchain fair, highlighting the nation’s growing prominence in the global crypto market. This groundbreaking expo will bring together industry professionals and stakeholders from various sectors, including Metaverse, Cryptocurrency, NFT, WEB 3.0, and other innovative...

The crypto volume market share of the Turkish lira (TRY) has hit an all-time high amid the currency’s depreciation and foreign exchange volatility in the country. According to a report by crypto research platform Kaiko, the uptick in TRY’s crypto volume market share caused the currency to rally past the euro (EUR), becoming the third largest fiat currency by volume. TRY Becomes Third Largest Fiat by Volume Kaiko’s analysis found that TRY’s crypto volume market share hit an...

Bitcoin and the rest of the cryptocurrency market experienced a notable surge following the release of the latest US Consumer Price Index (CPI) data, and now eyes are on tonight’s Federal Open Market Committee (FOMC) meeting. Bitcoin and Ethereum posted gains of 3.4% and 2.43% over the past 24 hours, respectively. The crypto market remains uncertain, with BTC hovering at around $70,000, Ethereum struggling to get past $4,000, and investors treading with caution. However,...