July 2024 – Page 37 – Coins Cap News
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Dogwifhat Targets New Peaks As WIF Exceeds $2.1 Resistance Level

Meme Coin

Dogwifhat (WIF) has recently achieved a significant milestone by breaking through the $2.1 resistance level, generating bullish sentiment among market analysts. This pivotal breakthrough indicates potential for further upward movement and new highs.  Analysts are optimistic about WIF’s prospects, forecasting continued strength and momentum in the market. As WIF surpasses this critical threshold, investor interest…

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Ethereum Suffers 3rd Straight Weekly Outflows, Becomes 2024’s Worst Performer

Cryptocurrency Market News

The digital asset market is experiencing a wave of investor caution, with Ethereum leading the charge. CoinShares reports show a third consecutive week of outflows, with Ether sustaining the biggest damage. This negative sentiment in the top altcoin, coupled with sluggish trading volumes and regional outflows across the market, paints a picture of a market…

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Bitcoin Bull Run Tied To Economic Echoes Of The 1930s-1970: Arthur Hayes

Bitcoin

Arthur Hayes, the co-founder of crypto exchange BitMEX, has recently offered a comprehensive analysis in his latest essay, “Zoom Out,” drawing compelling parallels between the economic upheavals of the 1930s-1970s and today’s financial landscape, specifically focusing on the implications for the Bitcoin and crypto bull run. His in-depth examination suggests that historical economic patterns, when…

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Crypto Analyst Predicts 45% Drop For Bitcoin, But Says It Won’t Go Below This Level

Bitcoin

Bitcoin has been in a notable state of flux recently after recovering from the crash below $60,000 and establishing support above $61,000. However, with the pioneer cryptocurrency failing to completely beat important resistance points such as $63,500, bearish sentiment continues to dominate the market. Amid this, one crypto analyst has predicted that the Bitcoin crash…

Crypto Analyst Predicts 45% Drop For Bitcoin, But Says It Won’t Go Below This Level Read More »

Ethereum Price Undergoes Technical Correction: Can ETH Resume Higher?

Eth

Ethereum price started a downside correction from the $3,520 zone. ETH is stable above $3,420 and might attempt another increase in the near term. Ethereum started a downside correction after it failed to surpass the $3,520 zone. The price is trading above $3,420 and the 100-hourly Simple Moving Average. There is a connecting bearish trend…

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Bitcoin Q3 Rally Possible As Miner Selloff Finishes, Quant Says

Bitcoin News

A quant has explained how a rally could be possible for Bitcoin in this third quarter of 2024 as miner selling pressure has disappeared. Bitcoin Miners Appear To Have Stopped Their Selling In a CryptoQuant Quicktake post, an analyst has talked about how the selling pressure concerns from miners have resolved recently. There are two…

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Circle Awarded Europe’s First Stablecoin License Under New MiCA Crypto Rules

Cryptocurrency Market News

Cryptocurrency firm Circle has achieved a significant milestone by securing registration as an electronic money institution (EMI) in France. This move grants Circle a crucial license to operate as a compliant stablecoin issuer under the European Union’s rigorous crypto laws.  Circle Breakthrough According to a CNBC report, the approved license positions Circle as the first…

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Bitcoin Price Challenge: Can It Break Through and Resume Climbing?

Btc

Bitcoin price recovered and tested the $63,650 resistance zone. BTC is now consolidating gains and might make another attempt to surpass $63,650. Bitcoin started a decent increase above the $62,500 and $63,000 levels. The price is trading above $62,250 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with…

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