In the midst of a seemingly calm crypto landscape, anticipation brews for potential storms on the horizon. Bitcoin (BTC) recently surged, briefly surpassing the $63,000 mark before settling around $62,000 as Wednesday unfolded. All eyes are now on the altcoin arena, poised for a surge in volatility as the United States Bureau of Labor Statistics
Who can really predict what can happen next in the crypto world? A recent downturn has once again grabbed headlines. After a brief period of recovery, the market has taken a hit, with the overall trading volume plummeting to $63.63 billion, its lowest point in weeks. This decline, marked by a steep 17% drop within
Arthur Hayes, the co-founder and former CEO of BitMEX, recently shared his thoughts on the current Bitcoin price action. He stated that the flagship crypto has hit a local low and predicted what its future trajectory will look like. Hayes Says Bitcoin Has Bottomed In a recent blog post, Hayes mentioned that Bitcoin hit a
Bitcoin’s recent slide has cast a shadow over the entire crypto market. As Bitcoin drops, it’s dragging most alternative coins, or altcoins, down with it, causing widespread losses. Ethereum, which recently reached above $3,300, has now fallen below $3,200, marking a 4% daily drop. But it’s not just Ethereum; other major altcoins like Solana, Dogecoin,
As the crypto market anticipates the after-effects of the fourth Bitcoin halving, notable shifts are being observed in market dynamics, potentially setting the stage for an altcoin surge, aka, the alt season! Crypto analyst ‘Michaël van de Poppe’ has provided insights into the changing patterns of Bitcoin dominance and its implications for altcoins. Analysing Altcoin
Bitcoin and crypto have typically seen average or downward trends in Q2 and Q3 in recent years. With the halving just one day away, mining Bitcoin will become more expensive, so miners might start selling their Bitcoin. Elja in his X post presents an open view of the current state of the cryptocurrency market, highlighting
In a recent interview, Raoul Pal, a prominent global macro investor, shared his insights on the crypto market’s future trajectory, particularly in 2024. He opened the discussion by highlighting the astonishing pace of adoption that cryptocurrencies are experiencing, comparing it to the rapid growth of the internet but at double the speed. Analysts predict a
Alex Wacy, a prominent crypto influencer, recently shared insights and strategies for navigating the volatile market conditions, particularly focusing on the potential opportunities in the upcoming altcoin season. In a series of posts on X, Wacy outlined key actions and considerations for investors seeking to capitalize on market movements. Buy Fear, Sell Greed Wacy emphasizes
The cryptocurrency market has experienced a significant correction of 7.12%, approximately $900 Million within the past 24 hours, resulting in the crypto industry’s market capitalization dropping to $2.45T. Moreover, the price of Bitcoin has experienced a correction of 5.15% in valuation. However, the crypto space hints at a bullish reversal as the top tokens have
It is now doubtful that the Ripple Labs cryptocurrency, XRP, would be able to hit the much-anticipated $1 price objective this month as its pricing has taken a negative swing today. The market’s general unease over the impending Bitcoin halving and a significant transfer of XRP tokens by a whale also correspond with this fall.