A widely followed crypto strategist says the governance token of a decentralized finance (DeFi) lending protocol is gearing up for rallies. Pseudonymous analyst The Crypto Dog tells his 809,500 followers on the social media platform X that he’s bullish on Aave (AAVE). The trader shares a chart that suggests AAVE has successfully retested the level
Crypto strategist Michaël van de Poppe thinks that the digital asset market is a few weeks away from concluding its multi-month correction. The analyst tells his 722,800 followers on the social media platform X that September is a historically bullish month for crypto. According to Van de Poppe, altcoins are already flashing signs of life
As the broader crypto market consolidates, one industry analyst has identified a select group of altcoins that could see exponential gains during the anticipated “super-cycle” expected in the latter half of 2024. In a detailed social media post, the analyst, known as OxNobler, delves into the cyclical nature of the crypto market and highlights the factors
The cryptocurrency market registered lower volatility in the past few days than last week. Following the daily death cross recorded on the Bitcoin price against the US dollar, on-chain data shows whale and shark investors have shied away from further crypto accumulation. Moreover, on-chain data shows that institutional investors have deposited over $1.3 billion worth
The cryptocurrency market has been sent into a frenzy, with a dramatic sell-off gripping investors. Global economic factors, coupled with technical indicators flashing red, have triggered a market-wide panic. The total market capitalization has plummeted below the crucial $2.05 trillion mark, reminding us of the industry’s vulnerability. Bitcoin and Ethereum each fell over 4%, with
Last week, the crypto market experienced one of its major crashes in 2024, triggered by multiple bearish reports. Since then, the market has shown signs of recovery, though it continues to fluctuate near resistance levels. This instability is because of the anticipated CPI report due later this week, which could lead to further volatility in
Crypto analyst Dark Defender provided an in-depth analysis of XRP price action using the Elliot Wave Theory. In his analysis, the analyst revealed what to expect from the crypto token and where its price is eventually headed. Related Reading XRP Could Rise To As High As $18 On Its Next Leg Up Dark Defender revealed
Recently, the U.S. government launched a substantial $50 billion Treasury buyback program set to run through October. This move, aimed at managing bond supply and boosting liquidity, coincides with growing speculation about a potential emergency Federal Reserve rate cut. Treasury Buyback Program Kicks Off, What it Means for Investors? The US treasury is about to
As Bitcoin flirts with levels under $60,000, fear spreads like wildfire, with many questioning if the bull run has reached its end. Yet, amidst this sea of uncertainty, seasoned analysts continue to identify opportunities in the altcoin space—those lesser-known digital assets that often outperform Bitcoin and Ethereum in percentage gains during bull markets. Analyst No
Recently, the bloodbath in Satoshi Street has hit all crypto assets hard, with Bitcoin dropping nearly 20% from its $70,000 high and many altcoins falling by 50% or more. This sharp decline is the result of several factors coming together, creating a perfect storm of market troubles. Here are the key catalysts: Reason Behind Massive