Bitcoin (BTC) is facing intense bearish pressure, struggling to break above the $85,000 level as macro uncertainty weighs on the market. Since late January, BTC has lost over 29% of its value, with investors growing increasingly fearful of further downside. Global trade war fears and volatile macroeconomic conditions have pressured the crypto and U.S. stock markets, leaving traders uncertain about Bitcoin’s next significant move. Despite the ongoing downtrend, some analysts see potential for a market reversal. Top analyst Ali Martinez shared insights on X, pointing out that global liquidity is expanding rapidly. Historically, this trend has been a bullish catalyst…
Author: Ali Malik
In its latest weekly report. The on-chain analytics firm Glassnode discussed how the short-term Bitcoin holders have reacted to the recent market downturn. The “short-term holders” (STHs) refer to the Bitcoin investors who purchased their coins within the past 155 days. This cohort includes the new entrants into the market, who tend not to be too resolute. As such, the group can panic in times of volatility. Understanding this cohort’s behavior helps market observers identify moments of extreme seller exhaustion. Which have historically presented opportunities for longer-term investors notes Glassnode. Naturally, the latest sharp price action in the cryptocurrency would…
Bitcoin correction has sharply declined over the past few days, dropping below $80,000 again briefly in the past 24 hours. Although the asset’s price has since recovered and is now trading above $80,000 at the time of writing, there is still lingering selling pressure of another break below this price level again before the end of the week. The latest remarks from Arthur Hayes, co-founder of BitMEX, suggest that this pullback is part of a typical bull market correction. Bitcoin might keep declining until it reaches a bottom around $70,000. Hayes Predicts Bitcoin Correction Bitcoin’s crash from its recent all-time high of…
Investors are seeking early-stage projects that can outperform the market as the cryptocurrency market struggles. This search has increased demand for real-world applications with lasting impact. One such project gaining attention is Remittix (RTX). By integrating cryptocurrency with the traditional banking system, Remittix enables users to convert digital assets into fiat instantly and transfer funds directly to bank accounts worldwide. This functional and scalable solution has drawn interest from investors, driving the Remittix presale beyond $13.7 million, with tokens currently priced at $0.0734. Ethereum Outflows Rise as Remittix Gains Ethereum experienced one of its highest weekly net outflows from exchanges last…
El Salvador cryptocurrency regulation signed a Memorandum of Understanding (MOU) last Friday, taking a significant step toward tightening cryptocurrency regulations. The agreement aims to enhance cooperation between the two nations in monitoring digital asset activities, preventing illicit financial flows, and strengthening financial integrity in the cryptocurrency sector. The pact, signed by Paraguay’s Secretariat for the Prevention of Money Laundering (SEPRELAD) and El Salvador’s National Digital Assets Commission (CNAD), focuses on mutual information sharing, regulatory oversight, and industry supervision. This marks the latest in a series of international collaborations by El Salvador, which has positioned itself as a leader in crypto…
Cardano Dogecoin Remittix and Dogecoin price prediction reports now claim that both altcoins may see only modest gains, but a $0.07 altcoin stands out with enormous promise. Many experts say this new DeFi project may reach $70 soon. Investors look at Dogecoin price Prediction figures and compare them to this token’s potential. The current DeFi coin price of the token is low, making it one of the best cryptos to buy for those seeking real-world solutions and 100x returns. Cardano Faces Decline Cardano has continued struggling and dipped another 6.8% over the past 24 hours to trade at $0.7671. Despite its…
The crypto market crash is imploding, with the total market capitalization in the industry crashing from over $3.5 trillion in November to $2.58 trillion. Most altcoins, including Shiba Inu, Pepe, XRP, and Pi Network, have experienced double-digit declines from their 2024 highs, including Bitcoin. The price of XRP has tumbled by 16% in the last seven days to trade at $2. Bitcoin has plunged to $79,000, while Shiba Inu, Pepe, and Pi Network were down by over 20% in the last few days. So, let’s explore why the cryptocurrency market is crashing and whether it will bounce back. Crypto Crashes Buy…
Bitcoin prices and most crypto coins crashed this week as industry concerns remained. Bitcoin price crash coins may bounce back because of the ongoing US dollar index crash. There are some odds that they will do well because of the upcoming lunar eclipse. Crypto coins remained under pressure during the weekend even after Donald Trump announced his plans for a Strategic Bitcoin Reserve (SBR) and held the first crypto summit in Washington. Bitcoin’s price has crashed below $83,000, while the valuation of most coins has dropped to $2.7 trillion. Bitcoin price crash prices face a perilous recovery path now that…
Investor uncertainty led to GPS falling 14%, while SHELL initially dropped 4% before recovering. Binance introduced a governance model allowing users with 0.01 BNB to vote on token listings. The exchange expanded listing features, including pre-market trading and direct spot listings. Binance has intensified its oversight of market makers following one entity’s discovery of rule violations. The exchange announced on Mar. 9 that it had terminated the firm’s market-making activities and confiscated its proceeds to compensate affected users. While the full details of the compensation plan are yet to be disclosed, Binance’s actions signal its commitment to protecting market integrity…
The world of Non-Fungible Tokens, Types of NFTs Guide, has changed a lot since they started, as what was once a thing just for niche blockchain communities, has now become a central place for the digital economy. NFTs embody the whole non-carrier distributed ledger decentralized system and have been applied in fields such as art and entertainment, real estate, and gaming. As of 2024, only blockchain technology has been expanding diversified types of NFTs, and one of these innovative applications is the field of gaming that comes out continuously. This article explores different types of NFTs, their characteristics, uses, and…
