crypto market – Page 7 – BitcoTasks BLOG

Solana (SOL) Bounces 30% Amid Market Recovery, Analysts Remain Bullish

August 7, 2024

Solana (SOL) is leading the crypto market recovery following the massive Monday crash. SOL registered some of the largest gains after reclaiming the $140 support zone on Tuesday morning. Its strength was highlighted by several market watchers, who shared their bullish predictions for the token. However, an analyst warned investors of a key level to…

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Is Bitcoin Really Safe? New Insights from ‘Black Swan’ Author on Recent Crash

August 7, 2024

Bitcoin News

Bitcoin has led a global crypto market downturn in the past few days, with the asset down to as low as $49,751 on August 5. This significant plunge from Bitcoin has been attributed by many to the downturn in the Japanese markets. The Trigger in Japan Speaking on the crash, Nassim Nicholas Taleb, a risk…

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Cardano Defies Market Downturn: On-Chain Activity Surges in July, Stats Show

August 6, 2024

Cardano

The ongoing plunge in the overall crypto market fairly began back in July where the global crypto market cap initially fell to $2.5 trillion from $2.7 trillion earlier in May. However, despite this downturn recorded in July, Cardano (ADA), the 9th largest crypto by market cap appears to have defied this bearish trend. Particularly, according…

Cardano Defies Market Downturn: On-Chain Activity Surges in July, Stats Show Read More »

Investors Pull Back: $528 Million Vanishes From Crypto Funds Amid Economic Fear

August 6, 2024

Cryptocurrency Market News

The global economic market has now so far shown increasing signs of instability which appears to have impacted the overall crypto investment sector negatively. Recent data from CoinShares has revealed a reversal in the flow of funds, with crypto investment products experiencing significant weekly outflows. As reported by CoinShares, this outflow marks the first time…

Investors Pull Back: $528 Million Vanishes From Crypto Funds Amid Economic Fear Read More »

Analyst Warns Bitcoin (BTC) Price Could Drop Another 20%

August 6, 2024

Cryptocurrency Market News

Bitcoin (BTC) saw a 20% price drop over the weekend, briefly losing the $50,000 support level. The rest of the market followed the flagship cryptocurrency, crashing around 23% in the last three days. Since then, the crypto market has momentarily reclaimed some key levels, but analysts fear the bleeding isn’t over yet. Is The Bitcoin…

Analyst Warns Bitcoin (BTC) Price Could Drop Another 20% Read More »

Crypto Liquidations Cross $1 Billion As Bitcoin Crashes To $51,000

August 6, 2024

Bitcoin News

Data shows the cryptocurrency derivatives market has suffered liquidations of more than $1 billion in the past day as Bitcoin has crashed to $52,000. Bitcoin Has Plunged By More Than 15% During The Last 24 Hours Bitcoin investors have been dealt a shock to open Monday, with the cryptocurrency having crashed by more than 15%,…

Crypto Liquidations Cross $1 Billion As Bitcoin Crashes To $51,000 Read More »

Will August Again Be A Drag For Bitcoin? Here’s What Historical Data Says

August 3, 2024

Bitcoin News

In the Bitcoin and the overall crypto market, August has long been observed as a quieter month, with historical data showing a consistent downturn in both activity and asset value during this time of the year. Coinbase’s decrease in the market’s dynamism that characterizes the month. An Impending Major Dip For Bitcoin In August? The…

Will August Again Be A Drag For Bitcoin? Here’s What Historical Data Says Read More »

Could Bitcoin Outshine Gold? Trading Guru Weighs In On The Historic Financial Duel

August 3, 2024

Bitcoin News

In the digital asset world, the only valid rival for Bitcoin asides Ethereum is often regarded as Gold. So far, many analysts and experts have continued to make comparisons between these two assets especially to see what price Bitcoin could trade at if it had the same market cap as Gold. Speaking on a similar…

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‘Not All Hope Is Lost’: Crypto Analyst Weighs In On The Market’s Performance

August 3, 2024

Cryptocurrency Market News

As the crypto market faces another drop, a pessimistic sentiment surged again. Some investors seem to fear that altcoins won’t take off this cycle and that they have lost their chance of profiting from the bull run. However, renowned analyst Altcoin Sherpa weighed in on the matter, suggesting that the market is set up to…

‘Not All Hope Is Lost’: Crypto Analyst Weighs In On The Market’s Performance Read More »

New Memecoin Sensation Neiro Hits $200 Million Market Cap In Four Days

August 1, 2024

Cryptocurrency Market News

A new dog-themed meme coin has taken the crypto market by storm. Inspired by Kabosu owner’s new dog, Neiro, a new wave of Shiba Inu-themed tokens surged on Solana. However, Its Ethereum-based competitor has stolen the show with its stellar performance in the last four days. Kabosu’s Sister Sparks New Memecoin Wave Kabosu, the dog…

New Memecoin Sensation Neiro Hits $200 Million Market Cap In Four Days Read More »

Solana Looks ‘Ripe To Push Higher’, Is A Mania-Like Rally To $600 Coming?

July 31, 2024

Cryptocurrency Market News

Solana (SOL) was recently in the spotlight after the US Securities and Exchange Commission (SEC) adjusted its complaint regarding the classification of SOL. The network also ranked as the second largest revenue-generating crypto project on Monday. Following this, some market watchers shared their predictions regarding the token’s recent performance. Some highlighted that a recent rejection…

Solana Looks ‘Ripe To Push Higher’, Is A Mania-Like Rally To $600 Coming? Read More »