Cryptocurrency Market News – Page 8

Why A Leading Investor Is Still Very Bullish On Shiba Inu, Even Amid Declines

September 9, 2024

Shiba Inu has been struggling to post significant price gains lately, but famed investor Jake Gagain does not care about it and stays extremely optimistic about the cryptocurrency’s future. Despite the recent dip in value, Gagain was still very optimistic about SHIB. This contrasts with the current SHIB price forecast of a -0.87% decrease, with…

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Dogecoin Price Prediction: Extended Consolidation Or A Break Below/Above?

September 8, 2024

Cryptocurrency Market News

Dogecoin has had its ups and downs in the past seven days: from breaking down below a support at $0.095, to bouncing back up and hitting notable resistance at $0.099. Following this brief rally, Dogecoin experienced another downward shift as the bulls were unable to maintain the momentum. It dropped once again, breaking through several…

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Traders Move $4.7 Billion To Stablecoins Amid Crypto Market Uncertainty – Details

September 8, 2024

Cryptocurrency Market News

The crypto market is experiencing a notable shift in liquidity as investors acquire massive amounts of stablecoins due to market uncertainties in the last few months. CryptoQuant analyst with username Percival has provided more insights into this trend of capital rotation. Open Interest In Crypto Market Shrinks As Stablecoins See Liquidity Influx Following a rather…

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Ether Liquidity Plummets 40% On Exchanges After ETF Debut

September 8, 2024

Cryptocurrency Market News

Liquidity of Ether on US exchanges has plunged as much as 40% since the first spot Ether exchange-traded funds entered the market on July 23, 2024. That is a move rather expectedly coming for traders and analysts that had previously viewed the ETFs as a means to improve market liquidity and therefore stabilize prices. Instead,…

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Helium (HNT) Network Expansion Fuels 13% Gains Despite Faltering Market

September 8, 2024

Cryptocurrency Market News

Helium (HNT) defeats the market’s bearishness as its new developments drive hype for the long term. According to CoinGecko, HNT rose by 13% despite the market’s continued fall in the short term. HNT has been boosted by continued on-chain developments that have driven the limelight towards the platform. However, with the market dips continuing to…

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Starknet (STRK) Rises 23%, Offsets Crypto Market Fear And Doubt

September 7, 2024

Cryptocurrency Market News

Although the market dips even further after weak macro releases, Starknet (STRK) remains bullish with developments that offset the market’s fear, uncertainty, and doubt. According to CoinGecko, STRK rose nearly 23% since last week, keeping much of the bearish momentum at bay. On-chain developments have held investor confidence highly, with a major push for improving…

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Here’s Why Bitcoin Price Crashed Below $54,000

September 7, 2024

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?

September 7, 2024

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…

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

September 6, 2024

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?

September 6, 2024

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

September 6, 2024

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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