The post Will Liquidations From Futures Market Take BTC Price To $32K This Weekend? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The first month of 2022 has been turning merciless for the crypto business, as the market continues to fall off from the cliffs. Digital assets from the crypto directory have shedded more gains than the previous. Wherefore, the market cap of the industry now hovers around $1.64 Trillion, bearing a loss of 10.17% over the …

In addition to a sharp plunge in its price, BTC saw a spike in its mining difficulty level. The number increased by almost 9% within 24 hours yesterday.

The post These Altcoins May Bounce Back Once the Market Initiates a Recovery! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Avalanche(AVAX) Avalanche(AVAX) is considered one of the most significant blockchains which is more focused on transaction speed, low costs and being eco-friendly. The AVAX token rallied more than 4800% in 2021 and was attempting to undergo a similar rally to hit the $200 milestone at the earliest. However, the market trembled drastically since the previous …

The analyst says another leg down for Bitcoin could bring the $30,000 support level…

The post Technical analyst says Bitcoin risks another 22% rout after snapping key level appeared first on Coin Journal.

Wall Street has gone from debating how aggressive one should rotate out of tech into cyclicals, to sell it all. US stocks have been on a rollercoaster ride after abysmal results from Netflix. Investors have two big worries:  it seems every day traders are reminded inflationary pressures are not going away anytime soon and could […]

The post This is Why NFTs are Highly Volatile, Popular Tokens Tremble Down Heavily With Double-Digit Loss! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The NFTs quickly gained mainstream attention within a very short time during the recent NFT boom. And quickly the space extended from just a few coins to nearly 500 tokens at the press time. Among them the popular token which ignited the NFT bull run are now down with a huge loss. Therefore showcasing the …

The post Ethereum Traps the Bulls, ETH Price Poised to Hit The High Demand Area Below $2600! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

It’s a time for treatment yet again for the short traders as the markets maintain a constant downtrend since the mid of Q4 2021. Ethereum which once traded above $4500 is now plummeting hard below $2900 levels. The drop in value of nearly 42% was mainly fueled by 3 extreme sell-offs other than the usual …

Bitcoin, the top asset in the industry has noted a sharp fall in prices over the last 24 hours. At press time, the king-coin depreciated by almost over 9.7%. Bitcoin dropped its value by almost $7,000 and was exchanging hands at $38,233.95. This marked an almost six-month low for the coin. This price level is the lowest ever since the first week of August last year. Following Bitcoin’s price action, altcoins followed suit as a majority of them were seen trading in the red at the time of writing. The global cryptocurrency market cap was at $1.95 trillion after a considerable fall of about 7.7% over the past day. The global crypto cap hadn’t dipped below the $2.11 Trillion mark in over 3 months now. This major plunge in value across the broader cryptocurrency market had caused roughly $200 Billion to leave the market. Ethereum, which is the second-largest cryptocurrency in regards to market capitalisation also registered a tumble of about 8% in the last 24 hours. Related Reading |TA: Bitcoin Dives Below $40K, Why Bulls Could Struggle In Near Term What Could Have Potentially Caused This Big Dump The bears had taken over the market, however, it isn’t safe to assume that the market would continue with a bearish outlook just yet. This could also be a price correction from which Bitcoin and major altcoins might recover over the upcoming trading sessions. This retracement in Bitcoin’s prices from $43,000 could have happened for a number of reasons. Needless to say, crypto markets are volatile, however, current price movements of the major cryptocurrencies can be tied to a couple of recent developments in the crypto space. This sudden substantial sell-off in prices could have been caused due to stock market weakness after the US Federal Reserve introduced high-interest rates and tapered the stimulus. The Fed hiking the interest rates in the form of tightening the overall monetary policy has, in turn, affected the unregulated market of cryptocurrencies. The cryptocurrency industry has also suffered the pangs of other recent regulatory measures. The most recent one is Russia’s blanket ban which has rocked the global cryptocurrency market. Other regulatory measures which have been set in motion to curb the rapid growth of digital asset has also had negative effects on the prices. Securities and Exchange Commission has signaled at scrutinising cryptocurrency exchanges. Environmental factors have also raised eyebrows of regulatory bodies, European Securities and Markets Authority (ESMA) wishes for the EU to ban the proof-of-work model. All of the above-cited reasons have sent shock waves across the crypto industry causing the fear index to point at 19, a number that corresponds to “Extreme Fear” in the market. Related Reading | TA: Ethereum Nosedives, Indicators Show Signs of Larger Downtrend Bitcoin Price Analysis: Crucial Trading Levels to Watch Out For Bitcoin was priced at $38,233.95 after the coin nosedived close to 9% at press time. The asset flashed a death cross, which is considered to be extremely bearish in nature. The prices were beneath the 20-SMA line, indicating that sellers were responsible for driving the price momentum in the market. Source: BTCUSD on TradingView.com The Relative Strength Index hurtled as it reflected the excessive selling pressure in the market. Currently, Bitcoin’s RSI was hovering beneath the 25-mark which meant that the asset was oversold and undervalued. The support level for the coin stood at $37,982.40 and a push from the bears could make BTC trade at that aforementioned level. The Average Directional Index was near the 50-mark, implying a strengthening of the current price trend in the market. The resistance price level for the coin was $39,829.16. Featured image from The Motley Fool, chart from TradingView.com

The post Cardano(ADA) Price Slides Below 2-Month Low! Will It Revist the Strong Support at $1? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Cardano price spiked heavily amid the recent announcement of the very first DEX on its blockchain SundaeSwap. However, now when the DEX is live, the ADA price is yet again scumbling down the support levels. While some believe the asset could flip the downtrend soon, yet the technicals point out towards a deep bearish well …

Long-term Bitcoin holders have stopped spending their digital assets. The data from crypto analytics platform, Glassnode indicates that the overall percentage of BTC supply last active almost 5 yea...

Another crypto market dump caused a sharp dip in the prices of digital assets on Thursday. BTC plunged below $39,000 yesterday for the first time in almost 4 months.

The post Will LUNA, NEAR, And TRON Be The Altcoins To Bag For A 35% Surge In The First Quarter Of 2022? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

  The crypto town’s folks are on a rigorous hunt for potential altcoins which have been far from the glitter and bustle. Undervalued assets are always on the radar of traders and investors for higher returns. Which makes up to a healthy investors portfolio, wherefore the hunt becomes a tedious task in an ocean of altcoins. …