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Spectacular Swings — The Week’s Victorious Crypto Climbers and Fallen Token Challengers
29.1.2024
Bitcoin has seen a 2.9% rise against the U.S. dollar in the past week, while ethereum has experienced a 5.8% decline during the same period. Several cryptocurrencies have made notable gains over the past seven days. Leading the pack is manta network (MANTA), which surged by an impressive 47.2%...
Coinbase Grapples with Regulatory Challenges, Analysts Forecast Volatility Ahead
29.1.2024
Bitcoin’s recent decline of more than 10% following the approval of spot Bitcoin ETFs by the US Securities and Exchange Commission (SEC) has not only impacted the crypto market but also raised concerns for companies like Coinbase, according to an analyst. Coinbase stock pricing has shown...
Is ORDI Going to Crash? ORDI Price Drops 20% in a Week as New Bitcoin Protocol Goes Viral
29.1.2024
The ORDI token, a top BRC-20 ordinal, has faced a notable price drop of 20% following the Grayscale sell-off. However, it remains to be seen if this crash still has more room to go. Indeed, the ORDI token, a major BRC-20 Bitcoin beta play, has suffered a decline amidst a price correction across...
2024 Sees Steepest Weekly Plunge in NFT Sales, 5 Major Blockchains Register Double-Digit Losses
28.1.2024
In the span between Jan. 20 to Jan. 27, 2024, there was a notable decline in the sales volume stemming from non-fungible tokens (NFTs), plunging 21.25% from the week before. The leading blockchains in seven-day sales, Ethereum and Bitcoin, experienced substantial decreases, ranging from 28.78%...
Morgan Stanley on Decline of US Dollar, JPMorgan Warns of a BTC Selloff, BTC Mining Improved, and More — Week in Review
28.1.2024
Morgan Stanley has raised concerns about the potential decline of the U.S. dollar’s dominance due to the increasing interest in digital currencies. Meanwhile, JPMorgan has warned of a potential bitcoin selloff, anticipating a $3 billion outflow from Grayscale’s Bitcoin fund....
Bitcoin’s Hashrate Rebounds From January Dip as Miners Eye Upcoming Difficulty Adjustment
27.1.2024
Bitcoin’s cumulative hashrate witnessed notable swings starting in late December, with a pronounced decline occurring in mid-January. This decrease was primarily attributed to the severe cold in Texas, leading many miners to pause their operations temporarily. By Jan. 21, 2024,...
Bitcoin and Ethereum Price Prediction as BTC Traders Target $30,000 Level and ETH Bounces From Support
24.1.2024
In the ever-dynamic world of cryptocurrency, Bitcoin (BTC) and Ethereum (ETH) continue to navigate through turbulent waters. As of recent developments, Bitcoin, the pioneer and most valued cryptocurrency, experienced a significant downturn, breaching the $40,000 mark and stirring market...
Is ORDI Token Crashing? ORDI Price Drops 30% as New Bitcoin Protocol Raises $9.1 Million
24.1.2024
Leading BRC-20 ordinal, the ORDI token, experienced a significant -30% price drop due to the Grayscale sell-off. But, can ORDI price analysis determine if ORDI is truly crashing? The ORDI token, a major BRC-20 Bitcoin beta play, has suffered a decline amidst a sell-off of GBTC shares fueled by...
Indonesia Sees Sharp Decline in Crypto Tax Revenue, Falling 63% in 2023
24.1.2024
The Indonesian government has reported a significant decline in crypto tax revenue for 2023, amounting to $31.7 million (Indonesian Rupiah 467.27 billion), according to a report by local news outlet Kontant. The fall marks a sharp 63% drop compared to the partial collection period in 2022 when...
Bitcoin Price Prediction: Drops to $39,650 Amid Unconstitutional Canadian Law & GBTC Withdrawals
24.1.2024
In the In the realm of cryptocurrency, the latest Bitcoin price prediction becomes increasingly complex as the asset dips to $39,650, influenced by a blend of regulatory news and investment product dynamics. On Wednesday, Bitcoin registered a notable decline, trading at $39,653, marking a 1.03...
Bitcoin and Ethereum Price Prediction as BTC Dips Below $40,000 and ETH Struggles to Hold $2,200
23.1.2024
Bitcoin, the foremost digital currency, witnessed a notable dip below the critical $40,000 mark, briefly falling to around $39,500. This decline has been linked to substantial Bitcoin sales, notably influenced by the Grayscale GBTC Bitcoin ETF, fueling concerns about a possible further descent...
Solana Price Prediction as SOL Falls 8.9% in 24 Hours – Bigger Sell-Off Coming?
23.1.2024
Solana (SOL) price predictions remain bearish in wake of the cryptocurrency’s last 7% 24-hour decline. The Solana price was last around $82, having fended off a test of $78 earlier in the day. Traders are concerned that a bigger sell-off may be incoming, with the Solana price under its 21...
Bitcoin Sinks Below $39,000 as Market Pressure Intensifies
23.1.2024
Over the past day, bitcoin’s value has experienced further decline, now plummeting below the $39K mark as ongoing bearish trends exert downward pressure. Following its dip under the $40K barrier on Monday, the leading crypto asset further depreciated by 5.3% relative to the U.S. dollar...
Crypto Prices Stabilize as SEC Approval of ETFs Ends Speculation and Reduces Volatility: Fineqia
23.1.2024
Bitcoin’s price has stabilized, closing the week at around $41,600, experiencing a marginal 0.4% decline compared to the previous week’s closing value of approximately $41,750. The reduced volatility can be attributed to the recent approval of ETFs by the SEC, putting an end...
Dogecoin Holders are Fleeing to This New Crypto ICO Platform to Hunt the Next 1000x Token
22.1.2024
Crypto ICO Launchpad XYZ’s new token $LPX is seeing heightened interest as investors diversify from struggling Dogecoin. Image by Lemonsoup14, Adobe Stock. Dogecoin—once the hottest meme coin in the market—has struggled over the past year with a 6.2% decline in price. As crypto investors...
Bitcoin Plummets Below $40K for First Time in 48 Days, Triggering Market-Wide Crypto Slide
22.1.2024
On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks. Bears Take the Reigns—Bitcoin Falls Under $40K...
SatoshiVM Team Wallet Activity and 25% Price Decline Cause Rug Pull Fears
22.1.2024
SatoshiVM’s concerning wallet activity and token transfers have raised worries it could be executing an exit rug pull scam. Image by Kerem Goktug Kaya, DALL-E 3. The recently launched cryptocurrency SatoshiVM (SAVM) is being accused of being a scam, with a price decline and suspicions of...
Digital Asset Investment Products Record $21M Outflows Despite $11.8B Trading Volume
22.1.2024
Digital asset funds have recorded a minor $21 million in outflows while trading volumes surged past $11 billion as crypto prices plummeted in the past seven days. CoinShares’ Digital Asset Weekly Fund Flows report on Jan 22 shows a slight decline in bullish momentum although inflows were...
Top 5 AI Crypto Tokens Experience Downturn, Sector Loses $960 Million in Value
22.1.2024
The value of crypto assets linked to artificial intelligence (AI) surged to $7 billion at the beginning of the year. However, recent weeks have seen a reduction of $960 million in the overall worth of the AI crypto sector. Each of the leading five AI-focused digital assets has experienced a decline...
Ethereum Technical Analysis: Bearish Trends Dominate Across Multiple Timeframes
22.1.2024
Similarly to bitcoin’s action, the second largest crypto asset by market cap, ethereum, has seen some market turmoil and a distinct downtrend. As of Jan. 22, 2024, ether has shown a notable decrease, registering a 3.3% drop in 24 hours and a 5.7% decline over the past week. Ethereum...