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Cryptocurrency Market News – Page 40 – BitcoTasks BLOG
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Is Bitcoin Crashing Because Of Miner Capitulation And Speculative BTC Bets?

Bitcoin News

Bitcoin is dumping when writing, cooling off from May highs of nearly $72,000. Down roughly 10% from all-time highs, there could be more losses on the way, at least looking at the candlestick arrangement in the daily chart. Now, Willy Woo, a Bitcoin on-chain analyst, thinks the drop is primarily because of the ongoing “miner…

Is Bitcoin Crashing Because Of Miner Capitulation And Speculative BTC Bets? Read More »

Blood In The Water? Ethereum Whales Circle As Price Drops

Cryptocurrency Market News

Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, has created a perplexing scenario for investors recently. Despite a noticeable decline in its price, on-chain data reveals that large investors, often referred to as “whales,” are accumulating ETH. This could signal a potential buying opportunity, though technical indicators suggest a weakening uptrend, leaving Ethereum’s near-term…

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$2 Billion Crypto Funds Flow Into Market On Rate Cut Buzz

Cryptocurrency Market News

The cryptocurrency market is buzzing with renewed optimism as investment funds witness a historic inflow surge. CoinShares, a leading digital asset manager, reported a record-breaking $2 billion influx into crypto funds in just one week, surpassing the entire month of May’s net inflows. This positive trend, now spanning five consecutive weeks, has propelled total assets…

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FOMC Preview: How Will Bitcoin And Crypto React? All You Need To Know

Cryptocurrency Market News

As the financial markets brace for the upcoming Federal Open Market Committee (FOMC) meeting on Wednesday, June 12th, the Bitcoin and crypto community is poised to assess the implications of any Federal Reserve announcements on digital assets such as Bitcoin. With the consensus forecast suggesting that the Federal Reserve will hold the federal funds rate…

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Iggy Azalea MOTHER Token Skyrockets 27% After Major Announcement

Cryptocurrency Market News

Australian rapper Iggy Azalea and her cryptocurrency venture, the Mother Iggy (MOTHER) token, have garnered significant attention in the crypto industry due to its rapid popularity and a more than 140% spike in its first week of trading.  However, after its initial surge, the token experienced a substantial price correction, leading to a decline from…

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Whale Deposits $21 Million In DeFi Tokens To Binance, Was It Justin Sun?

Cryptocurrency Market News

In the early hours of Monday, a dormant whale moved $21 million worth of 4 DeFi tokens to the crypto exchange Binance. The news received mixed reactions from the community, which worries about an incoming dump amid the recent retrace of the crypto market. Whale Deposits $21 Million In DeFi Tokens To Binance On Monday,…

Whale Deposits $21 Million In DeFi Tokens To Binance, Was It Justin Sun? Read More »

Solana Searching For Direction: Will SOL Break Free Or Fall Flat?

Cryptocurrency Market News

Solana (SOL) finds itself stuck in neutral. Once a frontrunner in the 2023 crypto bull run, SOL’s price has been range-bound between $155 and $170 for the past few days, leaving investors cautiously optimistic but undeniably perplexed. Technical Tug-of-War: Bulls Vs. Bears Technical indicators paint a conflicting picture for the high-speed blockchain darling. The dreaded…

Solana Searching For Direction: Will SOL Break Free Or Fall Flat? Read More »

Shiba Inu Price Could Skyrocket By 1,100%, Predicts Analyst

Cryptocurrency Market News

In an analysis, Moataz “Eljaboom” Elsayed, a crypto analyst and Forbes 40 under 40 nominee, has forecasted a significant surge in the value of Shiba Inu (SHIB). According to Elsayed, the meme-based cryptocurrency is poised for a potential increase that could see its value reach $0.00024, marking an unprecedented 1,105% gain from its current levels.…

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Ready To Strike? Bitcoin Poised For A Big Move After Major Consolidation

Cryptocurrency Market News

Bitcoin (BTC) seems poised for a major breakout, if prominent analysts are to be believed. The world’s most popular cryptocurrency has been stuck in a consolidation phase for a record-breaking 87 days, but experts say this slumbering giant might be about to awaken with a vengeance. Charting A Course For Breakout Faibik, a well-known crypto…

Ready To Strike? Bitcoin Poised For A Big Move After Major Consolidation Read More »

Bitcoin Buoyed By Big Money: Whales Gobble More BTC, Signaling Bullish Outlook

Bitcoin

Bitcoin (BTC) finds itself in a curious position, caught in a tug-of-war between the bullish conviction of whales (large investors) and the jittery hands of short-term holders. The world’s top cryptocurrency recently surged to within a hair’s breadth of its all-time high, fueled by a buying spree from whales. However, lurking beneath the surface are…

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Litecoin Sees Massive 75% Surge In Major Metric – Can This Trigger A Rally To $200?

Cryptocurrency Market News

Daily active addresses on the Litecoin blockchain have seen a drastic uptick despite days of uninteresting price action. The substantial rise in active Litecoin addresses and overall interest suggests a price rally could be on the horizon. Litecoin’s price movement has generally been left behind in the past month, with the cryptocurrency struggling to retain…

Litecoin Sees Massive 75% Surge In Major Metric – Can This Trigger A Rally To $200? Read More »

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