May 2024 – Page 47 – Coins Cap News
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Dogecoin Breaks Out Of Descending Triangle Like It Did In 2021, Analyst Sets $6 Target

Dogecoin

The Dogecoin price action seems to have turned bearish after a bearish close to April. Projections for the meme cryptocurrency are not bullish in the short term, especially considering the fact that it is now experiencing a 47% price correction from its highest point in the current market cycle. Despite its recent plunge, one analyst…

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Bitcoin Slump Pushes New Whales Underwater: A Rare Opportunity To Buy?

Bitcoin News

As Bitcoin slumps, on-chain data by Ki Young Ju, the founder of the blockchain analytics platform CryptoQuant, paints a stark picture: all new whales, including holders of spot exchange-traded funds (ETFs), are now underwater.  New Whales And Spot ETF Investors Are In Red Taking to X, Ju said that more losses would be incoming, predicting that…

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Crypto Analyst Says Bitcoin Must Hold Above $51,800 As ETF Outflows Trigger Crash

Bitcoin

The Bitcoin price continues to trend below $60,000 as a 20% decline triggered a brutal market-wide crash. This has exposed multiple critical support points for the cryptocurrency, some of which the price has already fallen below. In light of this, a crypto analyst known as Norok has revealed the level the BTC price must not…

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Bitcoin Déjà Vu: Analyst Identifies Trends Reflecting 2016 Cycle

Bitcoin

Cryptocurrency analyst Rekt Capital has come up with an intriguing narrative pointing to several trends in the current price action of Bitcoin that are similar to the price trends seen in the 2016 bull cycle, even as market sentiments continue to dwindle.  Bitcoin Trends Reiterating 2016 Pattern According to Rekt Capital, more than a month…

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Ripple Unlocks 1 Billion XRP From Escrow – How Will This Impact Price?

Ripple

On-chain data recently showed that Ripple carried out its monthly escrow unlock for May. As expected, this has raised concerns about how it could affect the XRP price, especially since Ripple has been accused of manipulating the token’s price.  Ripple Unlocks 500 Million XRP Tokens Onchain data revealed 500 million XRP tokens were unlocked from…

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Fresh Money From Retail Traders Flows Into Copy Trading As Crypto Derivative Expands: Margex Report

Cryptocurrency Market News

Coinbase won approval to offer cryptocurrency derivative trading to U.S. retail customers, fueling much hope and momentum to the $2.1 trillion cryptocurrency derivative market.  Coinbase’s approval arrived following a significant decline in derivative trading volume due to economic uncertainties, regulatory struggles, and a reduction in risk from high wealth accounts and retail traders.  Derivative trading,…

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Fresh Money From Retail Traders Flows Into Copy Trading As Crypto Derivative Expands: Margex

Cryptocurrency Market News

Coinbase won approval to offer cryptocurrency derivative trading to U.S. retail customers, fueling much hope and momentum to the $2.1 trillion cryptocurrency derivative market.  Coinbase’s approval arrived following a significant decline in derivative trading volume due to economic uncertainties, regulatory struggles, and a reduction in risk from high wealth accounts and retail traders.  Derivative trading,…

Fresh Money From Retail Traders Flows Into Copy Trading As Crypto Derivative Expands: Margex Read More »

Whales Dive In, But Dogecoin Price Sinks 20%: What’s Going On?

Cryptocurrency Market News

Dogecoin (DOGE), the Shiba Inu-faced darling of the 2021 memecoin frenzy, has found itself shivering in the current crypto winter. Once a symbol of retail investor exuberance, DOGE has plummeted over 70% from its sky-high peak, leaving its future shrouded in uncertainty. DOGE Feels The Crypto Frost While Bitcoin, the heavyweight champion of the crypto…

Whales Dive In, But Dogecoin Price Sinks 20%: What’s Going On? Read More »

Bitcoin Bull Run Over? Analyst Predicts What To Expect Now

Bitcoin

The recent plummet in Bitcoin’s value below the $60,000 mark has sparked widespread speculation within the crypto community, raising questions among investors and market watchers about the future direction of its price. Marco Johanning, a well-known crypto analyst and founder of The Summit Club, took to X (formerly Twitter) to provide his insights on the…

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