Bitcoin’s fall below the $60,000 mark has triggered a market-wide downturn but its funding rate hints at an incoming price surge. Bitcoin (BTC) slipped 6% in the past 24 hours and is trading at $59,200 at the time of writing. Its daily trading volume saw a 46% surge, reaching $41 billion. Notably, the BTC price touched a local bottom of $58,100 as fear dominated the crypto market. BTC price and RSI – Aug. 28 | Source: crypto.news CryptoQuant analyst Julio Moreno shared in an X post that Bitcoin saw increased…
Day: August 28, 2024
JPMorgan Strategist Predicts US Liquidity to Contract as Temporary Boosts Fade
JPMorgan strategist Nikolaos Panigirtzoglou has discussed recent changes in the U.S. M2 money supply, noting a temporary rebound following a decline in April. He expects U.S. liquidity to contract again, similar to 2022, influenced by the Fed’s ongoing quantitative tightening (QT) and slower bank loan growth. JPMorgan Strategist Foresees U.S. Liquidity Contraction Ahead Nikolaos Panigirtzoglou, […] Source CryptoX Portal
RENDER Soars 30% In A Week, Experts Predict A Massive Pump
The Render Network saw a remarkable performance last month after the finalization of its token rebrand. Its bullish rally was halted in August due to the market retraces, which made the cryptocurrency’s price tumble below the $4 mark. However, its most recent performance skyrocketed the price by over 33% in the past week. Some analysts believe there is a catalyst that could drive the price toward a massive pump in the coming days. Related Reading RENDER Skyrockets 30% In 7 Days Following its rebrand, AI token RENDER saw a massive…
Toncoin Trims Losses, Beats Bitcoin and Ether, as TON Blockchain Comes Back Online
Toncoin’s TON performed better than the CoinDesk 20 as the protocol announced its blockchain had restarted. Source link
Dogecoin Price (DOGE) Slips Into the Red: Key Hurdles to Watch
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…
Salvadoran Educational Nonprofit Mi Primer Bitcoin Risks Running out of Funds
Mi Primer Bitcoin, an educational bitcoin nonprofit organization founded in El Salvador, risks running out of funds by September according to statements from its founder John Dennehy. Dennehy declared that while they expect to receive multiple grants by the end of the year, they need additional funds to reach that period. He assessed that this […] Original
XRP Price Reverses Course: Are More Losses Coming?
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…
8 Factors Pointing To Booming Crypto Prices In Next 3 Months, Predicts Market Expert
Market expert and Bitcoin (BTC) investor Lark Davis has predicted an “insane” trajectory for the crypto market over the next 90 days, with a confluence of factors poised to drive significant growth and change within the digital asset landscape. In a recent social media post, Davis outlined compelling reasons underpinning his bullish outlook for the crypto market. Looming Catalysts Set To Ignite Crypto Market One key catalyst highlighted by Davis is the anticipated potential for rate cuts by the US Federal Reserve (Fed) within the next three weeks. Federal Reserve…
Is Bearish Control on the Horizon?
Ethereum price declined heavily and traded below $2,550. ETH could start another increase if it stays above the $2,400 support zone. Ethereum started a major decline below the $2,650 and $2,550 levels. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,575 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if it stays above the $2,400 level. Ethereum Price Dives 10% Ethereum price failed to recover and…
Coinbase CEO Brian Armstrong Predicts Payments Will Be Crypto’s Next Big Boom
Coinbase CEO Brian Armstrong reflects on the past decade of the cryptocurrency industry, highlighting his initial expectation that payments would be the primary application for crypto. Instead, trading became the dominant force. Looking ahead, Armstrong remains optimistic about the future of crypto payments, citing advancements in stablecoins, layer two technologies, and simpler onboarding processes as […] Source CryptoX Portal