July 2024 – Page 39 – Coins Cap News

Ethereum Goes Budget-Friendly: Transaction Fees Drop To Lowest Since 2016

July 1, 2024

Ethereum, the world’s second-largest blockchain platform, has entered a new era marked by record-low transaction fees. This dramatic shift, the most significant since 2016, has sent ripples of excitement through the cryptocurrency community, raising hopes for increased adoption and a more accessible DeFi (Decentralized Finance) landscape. From Pricey To Penny-Pinching Previously, Ethereum’s notorious gas fees,…

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Bitcoin Nears $64,515 Resistance: Will A Breakthrough Ignite A Bullish Run?

July 1, 2024

Bitcoin

Bitcoin (BTC) is on the brink of a significant price movement as it approaches the crucial resistance level of $64,515. The cryptocurrency asset has been experiencing an upward trend, gaining momentum and investor confidence. Breaking through this key resistance could act as a catalyst for a major rally, potentially pushing BTC to new heights. Traders…

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Bitcoin Weekend Trading Takes A Siesta: Volumes Plunge To Record Lows

July 1, 2024

Bitcoin

Bitcoin has long been a hallmark of the cryptocurrency markets, thriving on its 24/7 accessibility. Weekend trading, once a notorious breeding ground for volatility, has been especially significant in the cryptocurrency landscape. However, a recent report by Kaiko reveals a not so rosy picture – BTC weekend trading volumes have plunged to historic lows, potentially…

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XRP Price On The Verge Of Breaking Falling Wedge That Could Lead To 4% Increase

July 1, 2024

Cryptocurrency Market News

XRP has mostly traded below $0.5 since the second week of June but a new price formation shows this breakout from the current price level. XRP On The Verge Of Breaking Out Like most cryptocurrencies, the price of XRP has declined in the past few weeks. Price data from Coinmarketcap shows it has declined by…

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Bitcoin Price Blasts Past $63,000: Top 3 Reasons

July 1, 2024

Bitcoin

Over this past weekend, Bitcoin (BTC) experienced a significant rally, pushing its price above $63,000—an increase of 5.6% since hitting a low below $60,000 on Friday. This unexpected surge occurred despite a lack of major news triggers, leading to speculations and analyses concerning the underlying causes. Here’s a deep dive into three key factors that…

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XRP Price Set To Surge: Breaking This Resistance Could Trigger a Rally

July 1, 2024

Xrp

XRP price is attempting to recover above the $0.4750 resistance zone. The price could gain bullish momentum if it settles above the $0.480 resistance zone. XRP price is still struggling to gain pace for a move above the $0.4800 resistance zone. The price is now trading above $0.4750 and the 100-hourly Simple Moving Average. There…

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Avalanche (AVAX) Price Rallies: Can It Break Through the $30 Barrier?

July 1, 2024

Avax

AVAX price is gaining pace above the $28.65 resistance. Avalanche could rise further if there is a clear move above the $30.00 resistance zone. AVAX price is moving higher from the $27.40 support zone against the US dollar. The price is trading above $28.65 and the 100-hourly simple moving average. There was a break above…

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Bitcoin Price Spikes 5%, Can BTC Bulls Take Back Control?

July 1, 2024

Btc

Bitcoin price is up nearly 5% and there was a move above $62,500. BTC is now testing the $63,500 resistance zone with a positive angle. Bitcoin started a decent increase above the $62,200 and $62,400 levels. The price is trading above $62,500 and the 100 hourly Simple moving average. There was a break above a…

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Ethereum Price Bounces Back Yet Lacks Strong Bullish Drive

July 1, 2024

Eth

Ethereum price is attempting a fresh increase above the $3,450 resistance zone. ETH must settle above $3,550 to continue higher in the near term. Ethereum slowly moved higher above the $3,450 zone. The price is trading above $3,450 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with…

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