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Will Bitcoin Have A ‘Red Monday, Green Week’? Analyst Sets $63,500 Target

Cryptocurrency Market News

Bitcoin (BTC) faced a sharp price drop as the last week of Q2 began. The dramatic decline saw the flagship cryptocurrency momentarily lose its support above the $60,000 level on Monday. The drop left many investors wondering whether the bullish rally is over. However, crypto analysts remain optimistic about BTC’s performance and consider the drag…

Will Bitcoin Have A ‘Red Monday, Green Week’? Analyst Sets $63,500 Target Read More »

Bitcoin’s Correction Is Not Done: $54K Could Be On The Horizon, Says Top Analyst

Bitcoin News

Recent trends in the Bitcoin market have shown a significant flushing out of leverage, a process commented on by prominent crypto analyst Willy Woo. While this corrective phase has seen Bitcoin’s price fall to as low as $58,000 yesterday, it has partially rebounded, currently trading around the $61,500 mark. However, the journey could be smoother,…

Bitcoin’s Correction Is Not Done: $54K Could Be On The Horizon, Says Top Analyst Read More »

Is Avalanche (AVAX) Nearing Collapse? Analyst Predict Further 60% Correction — Here’s Why

Avalanche

In recent trading sessions, Avalanche (AVAX) has seen a significant drop in its market value, with its price tumbling to a six-month low. Over the past month, AVAX has plummeted by 25%, with a 14.7% drop in just the past week and a further 0.3% decrease in the last 24 hours, bringing its current trading…

Is Avalanche (AVAX) Nearing Collapse? Analyst Predict Further 60% Correction — Here’s Why Read More »

True Correction Underway? Over $500 Million Exits Bitcoin ETFs — Coinshares

Bitcoin News

Recent data from CoinShares points to a significant shift in investor sentiment regarding Bitcoin, marked by a substantial $544.1 million net outflow from US spot Bitcoin ETFs in the last week. According to James Butterfill, a leading analyst at CoinShares, this significant amount of outflow highlights a “true correction is underway” as this trend extends…

True Correction Underway? Over $500 Million Exits Bitcoin ETFs — Coinshares Read More »

Is Bitcoin’s Rally Over? New Insights from CryptoQuant Predict a Market Downturn

Bitcoin News

According to the latest price correction is based on major Bitcoin metrics such as the Adjusted Spent Output Profit Ratio (ASOPR), signaling a notable implication for Bitcoin’s trajectory. Understanding ASOPR’s Role In Predicting BTC Corrections The ASOPR, a key indicator in the crypto market, measures the profit ratio of spent outputs by comparing the value…

Is Bitcoin’s Rally Over? New Insights from CryptoQuant Predict a Market Downturn Read More »

Survival of the Fittest: Here’s How Bitcoin’s Next Rally Hangs on Miner Capitulation

Bitcoin News

Amidst a backdrop of declining Bitcoin prices and economic uncertainty, renowned crypto analyst Willy Woo has potential gains on the horizon after some ‘inevitable’ turbulence. Bitcoin Rally Hangs On Miner Capitulation, How? Bitcoin’s current market behavior is largely influenced by its miners, whose actions can significantly impact its price. According to Willy Woo, the key…

Survival of the Fittest: Here’s How Bitcoin’s Next Rally Hangs on Miner Capitulation Read More »

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

Meme Coin

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…

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

Bitcoin Miners’ Reserves Deplete Amidst High OTC Selling, What This Means

Bitcoin News

Recent data from CryptoQuant has highlighted a significant shift in Bitcoin Miners behavior, with miner reserves dropping to their lowest levels since 2010 while over-the-counter (OTC) selling activity has surged to higher levels. What This Means For BTC At the beginning of the year, miner reserves stood at approximately 1.87 million BTC but have yet…

Bitcoin Miners’ Reserves Deplete Amidst High OTC Selling, What This Means Read More »

Bitcoin And Solana Brace For Quiet Q3: What Crypto Traders Should Know

Bitcoin News

As summer unfolds, the cryptocurrency market is showing little upward momentum. Particularly, crypto analyst Ansem has recently projected a steady course for Bitcoin (BTC) and Solana (SOL) in the coming months. This forecast is grounded in a detailed analysis shared on Elon Musk’s social platform X, where Ansem highlighted potential trends and key scenarios that could…

Bitcoin And Solana Brace For Quiet Q3: What Crypto Traders Should Know Read More »

XRP’s Roadmap To Success: Analyst Forecast A Strong Bullish Turn In 2024

Xrp

Despite its recent decline, XRP, one of the largest cryptocurrencies by market cap, now holds the potential for substantial gains. Particularly, according to a recent technical bullish run against both the United States dollar and Bitcoin throughout 2024. This optimism is grounded in several key technical indicators and historical price actions, suggesting that XRP might…

XRP’s Roadmap To Success: Analyst Forecast A Strong Bullish Turn In 2024 Read More »

Dogecoin’s Ownership Shifts: Whales Downsize As Prices Dip, Who’s In Charge Now?

Dogecoin

As the crypto market endures another tumultuous period, Dogecoin has seen significant changes in its ownership structure. Recent data from IntoTheBlock reveals a notable shift, with major Dogecoin whales—those holding more than 0.1% of the total supply—reducing their stakes. Dogecoin Redistribution: Who Is In Charge Now? IntoTheBlock data indicates that this position reduction from these…

Dogecoin’s Ownership Shifts: Whales Downsize As Prices Dip, Who’s In Charge Now? Read More »

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