Cryptocurrency Market News – Page 38

ZkSync (ZK) Drops 20% Amid Binance Listing And New Token Distribution Program

June 18, 2024

ZkSync, the Ethereum Zero-Knowledge Layer-2 scaling solution, has been in the spotlight for its new token. Last week, the project’s announcement of its ZK token airdrop was met with backlash from investors and the crypto community. Following the backlash, crypto exchange Binance announced it would list ZK and offered a new distribution program to address…

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CoinShares: Altcoins Defy Trends As Bitcoin Faces $600M in Outflows – What’s Next?

June 17, 2024

Cryptocurrency Market News

The Bitcoin market has witnessed significant shifts recently, influenced by macroeconomic factors and changing investor sentiments. Last week, digital asset investment products saw substantial outflows, which CoinShares attributed to several key economic updates. These included the release of US CPI data, the Federal Open Market Committee (FOMC) meeting, and Producer Price Index (PPI) figures. These…

CoinShares: Altcoins Defy Trends As Bitcoin Faces $600M in Outflows – What’s Next? Read More »

Metrics Signal Bitcoin Price Increase – But When Is Anyone’s Guess

June 17, 2024

Bitcoin

Bitcoin has been on a bumpy ride in recent days. The world’s most popular cryptocurrency has seen its price steadily decline, raising concerns about a prolonged bear market. However, beneath the surface, some analysts are detecting faint bullish whispers that could signal a potential reversal. Buying Pressure Emerges, But Can It Overcome The Downtrend? One…

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This Altcoin Gem Will Overtake Solana, Predicts Arthur Hayes

June 17, 2024

Cryptocurrency Market News

Arthur Hayes, co-founder of crypto exchange BitMEX, has predicted that the blockchain Aptos (APT) is poised to surpass Solana (SOL) in prominence and utility in the race for the second largest Layer 1 (L1) blockchain behind Ethereum within the next two to three years. Hayes conveyed his thoughts during a detailed interview with macro analyst…

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Polkadot (DOT) Struggles Near $6.30 – Is Now The Time To Accumulate?

June 17, 2024

Cryptocurrency Market News

Technical indicators are casting a shadow over Polkadot, the blockchain interoperability stalwart. The token has dipped below the Ichimoku Cloud, signaling a clear downtrend. Adding to the bearish outlook, both the conversion line and the baseline of the Ichimoku indicator loom above the current price, intensifying the negative sentiment. Polkadot (DOT) is entangled in a…

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Breakout Alert! Chainlink (LINK) On Verge Of Major Surge, Analyst Says

June 16, 2024

Cryptocurrency Market News

After a period of consolidation, Chainlink (LINK), the oracle network powering decentralized applications (dApps), is exhibiting signs of a potential breakout. This bullish sentiment comes amidst a broader recovery in the cryptocurrency market, with Bitcoin regaining its footing above the crucial $65,000 support level. Technical Indicators Look Verdant Renowned crypto analyst Jonathan Carter is among…

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Ethereum: 200,000 ETH Options Expiry Spurs Demand – How Far Can Price Go?

June 16, 2024

Cryptocurrency Market News

Investors are bullish on Ethereum as the industry awaits the launch of Spot Ethereum ETFs. This sentiment is relayed through the recent expiration of Ethereum options contracts and the put-call ratio. According to data, over 200,000 ETH options recently expired, and the crypto community eagerly awaits the direction of the Ethereum price. Notably, the majority…

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XRP Whale Goes On Shopping Spree: 27 Million Coins Snapped Up As Price Dips

June 15, 2024

Cryptocurrency Market News

A recent buying spree by a deep-pocketed XRP investor has sent ripples (pun intended) through the cryptocurrency community. This whale, with a seemingly bottomless appetite for XRP, has scooped up nearly 27 million coins, sparking speculation of a potential price surge. However, the broader market sentiment remains murky, leaving investors to navigate a sea of…

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WIF Price Crashes 15% – Will The Freefall Continue?

June 15, 2024

Cryptocurrency Market News

Dogwifhat (WIF), the once-booming memecoin featuring a Shiba Inu sporting a stylish knitted beanie, finds itself in hot dog water. After a meteoric rise earlier this year, WIF has been on a downward spiral, trapped within a descending channel since late May. Analysts are carefully keeping tabs as the canine crypto approaches a critical support…

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NEAR Protocol: From Recent Dip To Google Search Darling – Is $16 Next?

June 14, 2024

Cryptocurrency Market News

NEAR Protocol (NEAR) is making waves in the cryptosphere, surging to the top of Google searches and capturing investor attention. This newfound interest, coupled with strong activity data from blockchain analytics platform DappRadar, fuels speculation of a potential price explosion. Some analysts are predicting a meteoric rise to $16, despite recent dips. However, beneath the…

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Red Alert For Polkadot (DOT): Double-Digit Drop Sparks Investor Fears

June 14, 2024

Cryptocurrency Market News

Polkadot (DOT), the self-proclaimed “King of Interoperability” and once a darling of 2021’s bull run, is currently trading around $6.42, a far cry from its November 2021 peak of nearly $60. A flicker of optimism about DOT remains despite the general bearish outlook, as technical analysis points to a potential price turnaround in the horizon.…

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