Tag: Market

Losses Likely to Extend Amid Market Weakness

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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…

Market Sentiment Slowly Shifts Bearish

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Ethereum price struggled to climb above the $3,650 resistance and trimmed gains. ETH is now signaling a downside break and might decline below $3,450. Ethereum is trimming gains from the $3,620 resistance zone. The price is trading below $3,550 and the 100-hourly Simple Moving Average. There was a break below a short-term rising channel forming with support at $3,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if it dips below the $3,485 and $3,450 support levels. Ethereum Price Trims Gains Ethereum…

Are The Days Of Meme Coins Mania Over? Market Trends Suggest A Shift To Substance

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In a market that has long been captivated by the rapid rise and often speculative nature of meme coins like Dogecoin (DOGE), Shiba Inu (SHIB) and PEPE, a notable shift is underway. According to Ki Young Ju, the CEO of CryptoQuant, the once-dominant meme coins are witnessing a decline in market influence, potentially signaling a maturing cryptocurrency landscape. Related Reading The Decline of Meme Coins Dominance Ki Young Ju’s analysis reveals a significant reduction in the dominance of meme coins within the altcoin sector, a trend observed from recent market data.…

Bitcoin Crash Below $66,000 Stuns Market, Why A Drop To $54,930 Is Possible

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The Bitcoin price crash below $66,000 has taken the market by surprise, leading to over $90 million in liquidations in a 24-hour period. But even after dropping so much already, analysts do not believe that the worst is over. In particular, crypto analyst Ali Martinez has said that Bitcoin may still have a ways to go before the crash is over, prediction another 20% decline from here. Bitcoin Falls Below Major Pricing Band Crypto analyst Ali Martinez posted a new analysis on X (formerly Twitter) on the Bitcoin price that…

Report: Bitcoin Market Lacks Upward Momentum Amid Weak Demand

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Bitcoin continues to trade near a crucial price level, with the downside appearing limited but a lack of bullish momentum evident. The leading cryptocurrency stands around the $65,000 to $66,000 mark, a critical onchain realized price that could either support the price or signal a correction, according to the latest analysis from Cryptoquant researchers. Cryptoquant: […] Original

Italy to Increase Surveillance of Crypto Market With Fines as High as 5M Euros: Reuters

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CryptoX is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CryptoX 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. CryptoX operates as…

XRP bulls aim for $0.5 amid market uncertainty

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Ripple trades sideways, Rebel Satoshi Arcade aims to change crypto gaming, reigniting classic pay-to-play and free-to-play experiences. Ripple (XRP) has been trading sideways for a couple of months, and it has been unable to reach its all-time high like Bitcoin. The situation may get worse if Ripple loses its next critical support level. The daily XRP/USDT chart shows that the price has been between $0.50 and $0.55 since…

investor profitability stays high despite market turbulence

Despite the aggressive market correction, with Bitcoin’s (BTC) value dropping to the lower end of the $65,000 zone and Ethereum (ETH) trading around $3,500, key market metrics remain optimistic. Notably, Bitcoin is trading at $65,217 at the reporting time, down 3.34% in the past week due to increased selloffs. Meanwhile, Ethereum has set sail on a recovery path, currently trading for $3,534 as it gains by a meager 0.34% over the last seven days Amid the current market conditions, Glassnode captured the sustained market optimism in its latest weekly report.…

Nvidia Propels AI Crypto Tokens To Market Leadership: Here Are The Top 3 Winners

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Amid an overall market downtrend, crypto assets based on artificial intelligence (AI) have exhibited substantial gains, fueled by the AI frenzy permeating the traditional finance and crypto markets.  This surge has been further augmented by the continuous rally of tech company Nvidia, which recently claimed the world’s most valuable company title, with its soaring share price reaching an all-time high. Fetch.ai Rides Nvidia’s Success Nvidia’s stock, now valued at $3.34 trillion, has nearly doubled in price since the beginning of the year, surpassing the likes of tech giants Microsoft and…