Ethereum’s recovery rally has gained momentum, with the price jumping in the last 48 hours, as Bitcoin sustains its position above the crucial $56,000 support level. The recent surge in ETH’s price, coupled with $52M in short-side liquidations, suggests that the bearish grip on the Ethereum price trend is loosening.
The cryptocurrency market has been grappling with bearish sentiment since late June, pushing Bitcoin to a five-month low below $54,000 and Ethereum to a two-month low under $2,820 last week. The global market cap dipped below $2 trillion, and many altcoins hit yearly lows with significant double-digit declines. In the
The cryptocurrency community, after experiencing a fretful week, has seen signs of market recovery on the horizon. As Bitcoin and other cryptocurrencies begin to exhibit a pause to plummeting prices, the overall market has shown a 4.15% increase in market cap. Leading Altcoin Ethereum showed a price increase of 5.09%
Currently, the market for cryptocurrencies is rising thus investors are always waiting for the next best chance in the market. Although most individuals failed to invest in the first meme coins, many more opportunities for high gains currently exist. These emerging cryptocurrencies have caused interest in many and are the
Despite concluding the previous week on a positive note, the cryptocurrency market has taken a bearish turn as the second week of July unfolds. The market leader, Bitcoin, has experienced a significant pullback, hovering close to the $56,000 range, while Solana (SOL) has mirrored this price action, recording a notable
Ethereum, the largest-capped altcoin, marks the slightest recovery back to $3,000 with a minute spike of 1.25% in the last 24 hours. Alongside Bitcoin’s dip to $53.4K, Ethereum bottomed at $2.8K last week, creating a panic in the market. Mt. Gox and the German Government were among the instigators of
In the last week, digital asset investment products saw inflows of $441 million, according to a new report from CoinShares. The report from July 8th also mentioned a $398 million influx into Bitcoin investment products. Investors’ purchasing sprees were likely caused by the lower Bitcoin prices, activity from Mt. Gox,
In the last day, Ripple’s XRP has seen substantial whale activity. As Ripple and the US SEC near the end of their legal fight, these movements have occurred at a crucial juncture. It also leads the community to believe that the XRP whales will be active again. A whale reportedly
Amid a challenging bearish market, Ethereum has recently approached a four-month low, dropping from $3,043.58 to $2,826.48 over the past 24 hours. However, there is a tentative recovery with a modest 2% increase noted at the time of writing. One of the most notable developments amid this volatility has been
According to Geoff Kendrick, a research lead at Chartered Standard Bank, the coming US presidential elections will play a pivotal role in the next crypto bull run and overall growth afterwards. As such, analysts have made bold predictions about ETFSwap (ETFS), Fantom (FTM), and Litecoin (LTC), suggesting a 100x rally
