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Cryptocurrency Market News – Page 5 – BitcoTasks BLOG
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Here’s Why Bitcoin Price Crashed Below $54,000

Bitcoin

The Bitcoin price dropped below $54,000 on September 6 as the flagship crypto experienced a massive wave of sell-offs from traders. This price decline was sparked by developments on the macroeconomic side, which painted a bearish outlook for Bitcoin.  Bitcoin Slides Following Weak Job Report Bitcoin’s price retreated following a weak August job report. Data…

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SUI Rises 8% Amid Market Retrace, Will The Joy Be Short-Lived?

Cryptocurrency Market News

SUI showed a remarkable performance on Friday amid the market retrace. Following Bitcoin’s drop to the $55,000 mark, the cryptocurrency was among the few tokens showing green numbers with an 8% surge. The token’s performance, alongside the network’s developments, has fueled a bullish sentiment among investors. However, some analysts remain cautious of the cryptocurrency, warning…

SUI Rises 8% Amid Market Retrace, Will The Joy Be Short-Lived? Read More »

Cardano Bull Sees ADA Jumping 1,000% In An ‘Insane’ Rally

Cryptocurrency Market News

Cardano has been in the limelight lately, not only because it has slightly increased in price but also due to its forecasted surge. According to predictions, ADA may surge up 16% and reach as high as $0.37 by October 2024. But what really drew interest was the bold statement of Cardano analyst Dan Gambardello, that…

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THORChain Hard Forks: Why Is RUNE Down 70% And Still Dumping?

Cryptocurrency Market News

THORChain, a cross-chain decentralized exchange using Cosmos technology, successfully conducted a hard fork yesterday, September 4. However, while the update was highly anticipated, sellers still needed to press on, looking at the formation in the daily chart. RUNE Slumps, Drops 70% In 6 Months According to CoinMarketCap data, RUNE, the native currency of the THORChain…

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KAMA Memecoin Soars 10% Following Putin’s Endorsement Of Kamala Harris

Cryptocurrency Market News

A Kamala Harris-inspired memecoin recently jumped over 10% after the US Vice President received public endorsement from Vladimir Putin. The Russian president expressed his support for the Democratic candidate on Thursday, fueling a surge in the PolitiFi token’s activity. Putin Endorses Kamala Harris’ Campaign As the US elections get closer, the presidential candidates continue to…

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Aptos (APT) Dips 15% As New Innovations Fail To Spark Momentum

Cryptocurrency Market News

Although the market is attempting to rebound from its weak September start, some altcoins – including Aptos (APT) – continue to freefall despite the bulls’ attempts to make a return. According to CoinGecko, APT’s current performance is lackluster with the token falling 15% since last week.  Meanwhile, Korea Blockchain Week has generated quite a lot…

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XRP Rides High As Major Japanese Exchange Adds Support—Details

Cryptocurrency Market News

Japanese cryptocurrency exchange CoinCheck made headlines with the intention of listing XRP, which is the seventh-biggest digital currency, alongside five other cryptocurrencies. Made on X, this announcement signals a turning point for XRP particularly in light of Ripple’s most recent court triumph over the US Securities and Exchange Commission. Ranked 48th on CoinMarketCap, the exchange…

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Analysts Predict The Start Of Crypto’s First Ever Secular Bear Market

Cryptocurrency Market News

A new narrative is emerging among seasoned crypto analysts who are now forecasting the advent of the industry’s first ever secular bear market. This prediction suggests a sweeping transformation could be imminent, characterized by a prolonged downturn lasting potentially for years, diverging from the relatively short-term cycles typically associated with the crypto market. Crypto’s First…

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AAVE Whale Goes On $6.78 Million Buying Spree As Price Recovers 16%

Cryptocurrency Market News

AAVE, the native token of the crypto lending protocol with the same name, was among the top performers during August. The cryptocurrency showed strength throughout the retraces, displaying green numbers in most timeframes after recovering. Its performance gathered the attention of crypto analysts, who consider the token could become a top narrative at the end…

AAVE Whale Goes On $6.78 Million Buying Spree As Price Recovers 16% Read More »

Monero (XMR) Unfazed By Market Jitters, Climbs 13% – Details

Cryptocurrency Market News

A strong outlier in the current market situation, Monero (XMR) moves against the broader downturn that plagues the market. According to CoinGecko, Monero gained nearly 13% since last week, putting the coin under the spotlight as one of the strongest gainers within the bear market.  Monero’s simplicity lends itself to its focus on privacy and…

Monero (XMR) Unfazed By Market Jitters, Climbs 13% – Details Read More »

Investors Lose Sight Of MATIC As It Drops 16% Ahead Of Network Upgrade

Cryptocurrency Market News

MATIC suffers another string of losses as the broader market pullback forces the bulls to the defensive. According to CoinGecko, the Polygon Network native coin has bled 16% more since last week as the bears reverse gains made back in August. This move occurred despite Polygon Network’s upcoming upgrade that switches MATIC to POL, improving…

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