Tag: Market

Trading Guru Predicts Rally Amid Market Uncertainty

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Seasoned trader Peter Brandt has reignited discussions with a bullish Bitcoin forecast that could see the premier cryptocurrency soar to new heights. Amid skepticism and divergent market opinions, Brandt’s projection places Bitcoin on a potential path to reclaim its all-time high near $74,000. Brandt’s Bullish Bitcoin Vision Peter Brandt, synonymous with market foresight, recently outlined a scenario where Bitcoin could experience a significant rally. His analysis, shared via a social media post on X with a BTC analyzed chart, suggests Bitcoin’s recent price movements align with patterns historically indicative of…

Solana meme coins surge despite crypto market decline

Solana meme coins show remarkable growth, although many leading cryptocurrencies suffer heavy losses. The meme coins segment is doing much better than other cryptocurrencies, CoinGecko data shows. Source: CoinGecko Dogwifhat (WIF), the largest meme coin by market capitalization based on the Solana blockchain, has risen 18% in the last 24 hours. Popcat (POPCAT) rallied 61%, Jeo Boden (BODEN) gained 53% in price, Slerf (SLERF) surged 16%, and Wen (WEN) is up by 28%. The gains starkly contrast the broader cryptocurrency market, which has seen more muted performance. After falling below $57,000, Bitcoin has recovered…

Bitcoin Bottom Out? Analyst Signal Turnaround Amid Market Slump

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Bitcoin has recently concluded April, marking its most significant monthly decline. Despite the bearish momentum, leading market analysts, including Michael van de Poppe, believe that the worst may soon be over, suggesting that Bitcoin is nearing the end of its current correction phase. Bitcoin At The End Of Correction? April was challenging for Bitcoin, as its value plunged nearly 20%, dipping below $57,000, the lowest level traded since late February. This drop is part of an intense market sell-off that has slashed the combined cryptocurrency market cap by nearly 10%,…

Peter Schiff Declares Bitcoin in Bear Market Amid US Economy’s Stagflation Reality

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Economist and gold advocate Peter Schiff has declared bitcoin to be in a bear market, despite the recent surge in interest in spot bitcoin exchange-traded funds (ETFs). Additionally, he cautioned that economic data provides conclusive evidence that stagflation is not merely a future prospect for the U.S. economy, “but already a current reality.” Peter Schiff […] Original

Bitcoin falls below $57k, market analysts doubt quick recovery

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Bitcoin’s price fell below $60,000 shortly after the verdict was announced for Binance Founder Changpeng Zhao. According to CoinMarketCap data, Bitcoin (BTC) is trading at $56,900 at the time of writing. Source: CoinMarketCap Against high volatility, the volume of liquidations on futures contracts on the crypto market has increased. The figure reached almost $380 million per day, according to Coinglass. Source: Coinglass The crypto market began to decline shortly after Changpeng Zhao, the former head of the Binance crypto exchange, was sentenced to four months in prison. Alex Kuptsikevich, the FxPro senior market analyst, told…

Crypto Market Downturn Hits Coinbase, Microstrategy, and Mining Stocks Hard

During the widespread downturn in the cryptocurrency markets, publicly listed companies within the sector such as Coinbase, Microstrategy, and bitcoin mining enterprises have experienced notable declines in their stock values. Shares of Coinbase have fallen by over 21% since last month, and in the same period, Marathon Digital Holdings’ shares have dropped more than 28% […] Source CryptoX Portal

Bitcoin (BTC) Sinks Below $58K, Crypto Market Drops 9% in Run-Up to FOMC Rate Decision

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Why did Binance ditch Ordinals — and will the market survive?

Data shows Binance’s NFT marketplace wasn’t really a popular destination for Ordinals anyway — with traders now fixated on Runes instead. Binance’s decision to scrap support for Ordinals in April raised eyebrows among Bitcoin enthusiasts. The embattled exchange, which has been fighting legal battles on multiple fronts in recent months, said the move was designed to “streamline” its product offering. It went on to warn anyone who holds Bitcoin NFTs to move them somewhere else so they could continue to be eligible for airdrops. This marks quite a sudden U-turn…

Solana Projected To Reach $500 This Year Despite Market Meltdown, Expert Predicts

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Solana (SOL), currently ranked as the fifth largest cryptocurrency with a market capitalization of $56 billion, has experienced a significant decline amid the recent market meltdown affecting the digital asset space.  Over the past 24 hours, SOL has witnessed an 8% drop, reflecting the broader market downturn. Despite this setback, experts believe that if the cryptocurrency maintains support above the $120 price level, it holds notable potential for a strong price recovery in the coming months. Bullish Price Outlook And Key Support Levels To Watch  After reaching a yearly high…