The price of Solana is showing signs of a possible long-term negative trend, which may lead to a substantial decline in the next few days. Even if the current FUD (Fear, Uncertainty, and Doubt) trade seems to have ended, the token might be in a crucial position if the negative
Over the last month, Bitcoin has maintained its downward trajectory. Bitcoin fell to $53,485—its lowest point in four months—a decline of 8.55%. The collapse and selling pressure are linked to the Bitcoin repayments made to creditors by the now-defunct cryptocurrency exchange Mt. Gox. While the week started with a price
Before the expected introduction of spot Ethereum exchange-traded funds (ETFs) in the US. The Grayscale Ethereum Trust (ETHE) is no longer trading at a discount to net asset value (NAV). Data from YCharts shows that on July 3, ETHE, which had traded at a discount for the previous three years,
The crypto market has been experiencing a significant bearish trend, with the overall market capitalization dropping by 9% recently, now falling below $2 trillion to $1.99 trillion. Conversely, trading volume has surged by 40% in the past 24 hours. Bitcoin has been hit hard, dropping 7% to a five-month low
While the global crypto market faces a downturn with Bitcoin (BTC) dropping to the $57,000 zone, Friend.tech (FRIEND) recorded a new all-time low. According to the CoinMarketCap data, it dropped over 42.46% from the high of $0.4483 to the all-time low of $0.3062—a level not seen since its launch in
Coinbase’s announcement of forthcoming Shiba Inu (SHIB) futures contracts, approved by the Commodity Futures Trading Commission (CFTC), comes amidst a downturn in SHIB’s price. Recently hitting a four-month low of $0.00001522, it has seen an 8% decline, currently trading at $0.00001518, with trading volume up 35% despite a 36% drop
The cryptocurrency market experienced a significant bearish trend over the past twenty-four hours, with the overall market cap decreasing by 4.40%. Bitcoin, the largest cryptocurrency, fell by 4%, dropping to a two-month low of $57,043.96, unsettling investors as it led to a broader decline in altcoin prices. Ethereum, the leading
The overall crypto market witnessed a 3% dip in market cap in the last 24 hours, constituting two consecutive days of bearish trends. Leading cryptocurrencies have incurred price dips over the past week causing the initiation of a selling pressure in the market. The second largest cryptocurrency, Ethereum has shown
The market has been concurrently bearish today, with the largest cryptocurrency, Bitcoin, hitting a two-month low of $57,800. As is traditionally the case, prominent altcoins also experienced major declines. Ethereum is down 4%, Solana has dropped 9%, and Polkadot has fallen by 7%. However, Polygon (MATIC) has drawn attention by
The ADA community has shown remarkable resilience in the face of June’s declining trends. A measure of the average length of time coins are kept, the Mean Coin Age, has been steadily increasing. There seems to be a lot of faith in the future of ADA, since investors are keeping
