Markets

[unable to retrieve full-text content]CoinspeakerERC-404 Market Drops amidst Backlash for Driving Ethereum Gas Fees ERC-404 market slumps amidst reported impact on Ethereum gas prices. ERC-404 Market Drops amidst Backlash for Driving Ethereum Gas Fees

Stellar lumen price is attempting a recovery wave from the $0.1065 zone against the US Dollar. XLM price is now trading above $0.1100 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $0.1080 on the 4-hour chart (data feed via Kraken). The pair could start a decent increase if there is a clear move above the $0.1130 resistance zone. Stellar lumen price is trading above $0.1100 against the US Dollar,...

Ripple price started a downside correction from the $0.5350 zone against the US dollar. The price is now trading above $0.5150 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.5160 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase unless there is a close below $0.5150. Ripple price is consolidating near $0.5220 against the US Dollar, like Bitcoin. XRP...

The South Korean government is taking extra steps to ensure the protection of crypto investors from unfair market activities and criminals by imposing higher fines and punishments for violations of certain provisions. According to a press release, crypto criminals face jail terms of more than a year or a fine equal to three to five times the stolen amount. Depending on the weight of the offense, individuals who make illegal profits of more than five billion won ($3.8 million)...

The meme coin bull run is officially starting after heavyweights $BONK and $WIF see extraordinary price surges over the past few days, setting the stage for an epic comeback. Market leader $BONK is now up by 40% since its recent lows as it breaks a long-term consolidation pattern, while Dogwifhat also sees momentum. While the giants see promising price action, traders are looking for alternative options that can pump next in the current bull run. In particular, experts...

Bitcoin continues its weekly run, and it jumped to a new monthly peak at $48,600 hours ago. The altcoins have also turned green one more time, and the total market cap has reclaimed the coveted $1.8 trillion level. BTC’s Run Continues The primary cryptocurrency was trading sideways for much of the previous ten days. The asset had calmed after last week’s volatility and remained in a tight range at around $43,000 until Wednesday evening. This is when the bulls gained control...

Solana meme coins are whipping up a frenzy in the crypto market. The latest sensation is SMOG, which went on to climb around 1400% on its release and continues to top the charts. Meme Kombat ($MK) is another viral meme coin that has caught the attention of the market. Although $MK has yet to be launched, that hasn’t stopped it from igniting FOMO. The GambleFi meme coin is now close to $8.5M in its hot presale. Here is an analysis of both SMOG and Meme Kombat and how they...

Coinbase, the largest cryptocurrency exchange in the U.S., believes American households could have saved approximately $74 billion in credit card transaction fees in 2022 if they used blockchain technology. In Coinbase’s latest State of Crypto Report, the exchange outlined the frustrations of the current financial system, ranging from high costs to delays and difficult access, insisting that blockchain technology eliminates all the issues. Saving $74B in Transaction Fees...

On-chain analysis by market intelligence platform CryptoQuant has found that selling pressure from Bitcoin miners has eased and remained low despite a significant decline in transaction fees. According to the firm’s latest weekly report, Bitcoin sold daily by miners currently sits around 300 BTC, significantly down from the companies’ 800 BTC daily sales in November and December 2023. Bitcoin Miner Selling Pressure Remains Low Bitcoin miner selling pressure has stayed low in...

Bitcoin’s positive price performances continued in the past 24 hours as the asset jumped above $48,000 and marked a new monthly peak. The altcoins are also in the green, with ETH tapping $2,500 and SOL jumping to $110. BTC on the Rise A lot can change in the cryptocurrency market within a week, and this is what happened to BTC in the past seven days. Last weekend, the asset had recovered from the most recent declines and stood at around $43,000. The next several days were...