Markets

TL;DR The cryptocurrency market added $200 billion recently, with BTC and ETH seeing significant rises. Cat-themed tokens witnessed even more substantial gains, with one such asset rising to an all-time high. Following an assassination attempt on Donald Trump, Trump-themed meme coins experienced notable price increases, benefiting some early investors. The Newest Member of the Club The cryptocurrency market has flashed green as of late, adding approximately $200 billion in...

The broader market exhibited signs of recovery following intense sell pressure fueled by the German government’s decision to dump its entire reserves, and prominent altcoins, including Chainlink (LINK), recorded notable surges. Further fueling this bullish narrative are several unknown entities, likely a whale or an institutional investor, who have continued to add LINK tokens to their stash. LINK Accumulation The latest data shared by Lookonchain suggests that 93 newly...

It’s pretty much been up only for XRP throughout the past few days. In fact, it’s the best-performing cryptocurrency from the top 20 by means of total market capitalization, increasing by more than 25% in the last week. As CryptoPotato reported earlier, there are a few possible reasons for that, but perhaps the most important one is the renewed optimism that Ripple Labs will get a positive resolution of its case against the US Securities and Exchange Commission. Many believe...

Ethereum has recently seen an uptick in demand near a crucial support level, leading to a notable rebound above the 200-day moving average at $3,134 and reaching the 100-day MA. This price action highlights the potential for a bullish reversal if the price recovers above the 100-day MA of $3,342. By Shayan The Daily Chart A detailed analysis of Ethereum’s daily chart reveals that after a prolonged bearish trend, the cryptocurrency briefly broke below the 200-day moving...

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The Bitcoin price has recovered above the pivotal $60K mark, causing many to believe that the bulls are back and a larger rally is in play. At the time of this writing, BTC trades at above $61K, charting an increase of more than 4% in the past 24 hours alone. Source: TradingView As seen in the chart, the price exploded during the last hour as the volatility was significantly less before that. This move has resulted in over $100 million in liquidations in the derivatives...

A failed assassination attempt on former US President and 2024 presidential nominee Donald Trump has caused Trump-related memecoins to surge in price. Simultaneously, his odds to win this year’s presidential election shot up on the prediction market Polymarket. MAGA (TRUMP), the largest Trump-related memecoin by market cap, rallied up by 30% immediately after the incident. Its price went from $6.31 to $10.36, taking its market cap up by the hundreds of millions, from $293 million to $469...

TL;DR: An altcoin rally is still seen as a possible scenario in 2024 Bitcoin Cash (BCH) has to re-conquer $400 before heading for the predicted range of$700 Cardano (ADA) now waits for nodes to implement the Chang hard fork Clandeno (CLD) aims to place its shares with investors that aim for active assets with a positive upside The altcoin market still holds prediction in play, potentially sending coins from previous seasons to new peaks. Bitcoin Cash (BCH) is still keeping a...

The upcoming United States elections scheduled for November could mark a significant turning point for the American crypto industry due to candidates’ opposing views on digital assets. Crypto exchange Coinbase believes crypto voters will make a big difference in the election’s key races, especially the presidential contest. The Effect on Battleground States According to a survey conducted by the crypto trading platform, 52 million Americans own cryptocurrencies, and one in...