Bitcoin’s price has fallen below the $100,000 mark, showing bearish trends and potential for further declines. Currently trading below $98,000, Bitcoin faces immediate resistance at $95,850 and key support around $91,200. If it can hold above this support level, there might be a chance for recovery, targeting the $98,500 resistance. However, if the price continues ...
The S&P 500 has performed well in 2024 with a 25% total return, but the cryptocurrency Market has outshone this, doubling its value to $3.30 trillion in just under a year. Bitcoin led the charge with a remarkable 138% gain, while Solana also impressed with a 101% increase. Notably, since December 2022, Solana has surged ...
Bitcoin (BTC) is now trading about 13% lower than its all-time high of approximately $108,000, a drop reminiscent of Market activity following Donald Trump’s election in November. The largest cryptocurrency has frequently hovered around 10% below that peak, leading some investors to consider it a correction. Recent selling pressure comes primarily from long-term holders who ...
The cryptocurrency Market is experiencing a significant downturn, with over $1.2 billion in liquidations occurring in just one day. Major cryptocurrencies like Bitcoin, Ethereum, XRP, Dogecoin, and Solana have all faced double-digit losses. Bitcoin dropped 7% to $97,000, while Dogecoin fell 20%, reaching $0.31. This sell-off was triggered by Federal Reserve Chair Jerome Powell’s comments ...
Bitcoin, Ethereum, and Ripple are experiencing significant price drops, closing below key support levels. Bitcoin’s price has fallen below $100,000, indicating a potential further decline, while Ethereum is trading around $3,450 after breaching the $3,522 level. Ripple is facing resistance at $2.21, and a close below this support could lead to a deeper pullback. In ...
Cryptocurrency prices took a hit on Thursday, following a selloff on Wednesday triggered by Federal Reserve Chair Jerome Powell’s cautious comments regarding interest rate cuts for the next year. Bitcoin briefly tried to climb back above $100,000 but fell to the low $97,000s before settling around $98,000. Other altcoins faced even steeper declines, with Ethereum ...
Bitcoin faced a significant slump, leading to over $700 million in liquidations across futures linked to major cryptocurrencies, including XRP and Dogecoin. BTC dropped below $100,000, partially recovering as the Asian Market opened. This decline followed remarks from Federal Reserve Chair Jerome Powell, who indicated that current regulations prevent the Fed from owning Bitcoin. His ...
On Wednesday, Bitcoin’s price saw a slight decline after reaching a new all-time high of $108,353 the day before, currently trading around $105,019. Ethereum, facing resistance near the $4,000 mark, experienced a drop to approximately $3,858, indicating possible further correction. Ripple also traded lower at about $2.53 after recently testing $2.66, suggesting potential pullbacks ahead. ...
A new report by ResearchAndMarkets.com reveals that the global cryptocurrency Market, valued at $1.3 billion in 2023, is expected to grow to $1.8 billion by 2030, with a compound annual growth rate (CAGR) of 4.8%. The report provides detailed insights into Market trends, drivers, and forecasts, covering key regions such as the U.S., China, and ...
Ripple, a well-known blockchain company, is set to launch its stablecoin, Ripple USD (RLUSD), on December 17. This dollar-backed digital currency aims to enhance the use of stablecoins in global finance, especially with expected regulatory clarity following Donald Trump’s recent election. Initially, RLUSD will be available on platforms like Uphold and Bitso, with plans to ...
