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Search Results for: cryptocurrency trading

Dogecoin (DOGE) Derivatives Market Activity Plunges to Yearly Low

Dogecoin (DOGE), the popular meme coin, has witnessed a decline in its derivatives market activity, with the total open interest cratering to $2.51 billion as of writing. This marks the lowest level of open interest since the beginning of the year, indicating a substantial decrease in the number of outstanding

July 8, 2024 2 mins read

Cardano (ADA) Poised for 130% Price Surge Ahead of Chang Hard Fork

Cardano (ADA) has been grappling with the aftermath of a bearish onslaught over the past few weeks, resulting in its price continually setting new lows. Currently, ADA is trading at $0.3633, having lost 5.50% of its value over the past day and a substantial 22.1% over the past month. Despite

July 8, 2024 2 mins read

Solana (SOL) Price Faces Crucial Support Test, Will Bulls Prevail?

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

July 8, 2024 2 mins read

XRP Price Faces Bear Dominance Amid Ongoing Legal Battle

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

July 8, 2024 1 min read

Can Bitcoin Overcome the $56K Resistance Level?

Bitcoin (BTC), the largest cryptocurrency by market cap, has continued to display its dismal price trends ever since the start of July.  Following BTC’s price dip, the global crypto market shed over a hundred billion dollars, returning it to $2.05 trillion. Notably, over the last 24 hours, Bitcoin formed a

July 8, 2024 2 mins read

PEPE Price Drops as Bears Take Control Amid Market Crash

The cryptocurrency sector is still wading through a market crash this week, as leading currencies resist market recovery attempts. In the midst of large tokens, memecoins have also witnessed price downfalls. Frog-based memecoin PEPE caught investor attention for its significant price drop in the last 24 hours. The token has

July 8, 2024 2 mins read

3M Worth PENDLE Whale Transfer Heightens Its Selling Pressure

The market has been very bearish in recent days, and today marks another decline as it enters the fear zone, with the global market down 3%. Bitcoin, the largest cryptocurrency, has fallen below the $56K range, now trading at $55,580, while altcoins face double-digit declines. Among them, the Pendle coin

July 8, 2024 1 min read

Cardano (ADA) Price Continues to Bleed Amid Strong Market Volatility

The Chang hard fork is an update that many are looking forward to, and Cardano is getting ready for it. It is scheduled to happen at the end of July. Given the remarkable price surge that followed Cardano’s last hard fork in 2021, this move has aroused a great deal

July 8, 2024 1 min read

Peter Schiff Criticizes Bitcoin ETF Investors Amid Significant Whale Sell-Offs

Another contentious examination of Bitcoin (BTC) including the Exchange-traded Fund (ETF) has been produced by economist and proponent of gold, Peter Schiff. Schiff drew attention to the present trends in trading and the influx of Bitcoin ETFs. Stating that the “smart money” sells BTC on the spot market. Conversely, individuals

July 8, 2024 2 mins read
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