Bitcoin is currently trading below $100,000 after a week of intense volatility and selling pressure, notably dropping more than 9% in just one day. While there was a slight recovery, uncertainty continues to dominate the Market. Key metrics indicate that many short-term holders are taking profits, as seen in the declining Short-Term Holder MVRV indicator, ...
Bitcoin saw a 9.22% increase this week but dropped 0.47% in the last 24 hours, trading at $103,905. The drop follows a significant rise, prompting short-term investors to take profits, contributing to the current pullback. Other cryptocurrencies like Ethereum and Ripple also faced declines, while Solana benefited from the launch of a new meme coin. ...
Cryptocurrency prices are facing challenges this Monday, attributed to disappointing U.S. economic data and significant profit-taking by investors. Bitcoin has seen a 1.8% drop, now priced at $91,800, down over 14% from its December record. Ethereum has also fallen by 0.7% to $3,320. Additionally, the CoinDesk 20 index, which tracks major cryptocurrencies, has declined 3.74%, ...
The cryptocurrency Market faced a 4% decline, falling to around $3.8 trillion. Bitcoin’s price dropped 2% to about $104,600, while major altcoins like XRP, Solana (SOL), and Avalanche (AVAX) experienced losses exceeding 5%. This sell-off was triggered by the Federal Reserve’s forecast of fewer interest rate cuts in 2025, leading traders to take profits after ...
Solana’s recent price action shows it has settled around $245, down 9% from its all-time high of $264 last week. Over the past week, investors have unstaked 2.2 million SOL, suggesting a trend of profit-taking among key stakeholders. This coincides with Bitcoin’s surge past $100,000, which typically boosts altcoin markets, including Solana. However, the buying ...
Dogecoin’s price fell by 16% to around $0.40 on Tuesday, following failed attempts to break past $0.50, leading many traders to reduce their positions. After experiencing a surge of 175% in November, the asset is now struggling to maintain momentum amid profit-taking activities. The open interest in Dogecoin futures also declined by $380 million, reflecting ...
