The cryptocurrency market experienced a significant downturn as reports of Iran launching missile and drone attacks on Israel surfaced. The price of Bitcoin, along with other major cryptocurrencies, plummeted in response to the escalating conflict in the Middle East. Following an Iranian drone attack on Israel in retaliation for an attack on an Iranian diplomatic
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The cryptocurrency market is currently experiencing a bearish trend, affecting prominent coins like Avalanche (AVAX), Ethereum, Litecoin, XRP, Solana, and others. Specifically, the price of AVAX has been on a strong downward movement below the 100-day Moving Average (MA), indicating a potential continuation of this trend in the near future. Analyzing the 4-hour timeframe chart
The nearing climax of the 2024 bitcoin halving event has sparked a frenzy of excitement and speculation within the cryptocurrency community. Social media platforms have been buzzing with discussions surrounding the impending halving, as evidenced by data from Santiment. This surge in social media chatter indicates a potential for significant price movements in the volatile
The recent fluctuations in the Bitcoin price have raised concerns among investors about the future of the ongoing crypto bull cycle. A flash crash on April 12 led to a drop in the value of Bitcoin from $70,000 to below $67,000, highlighting the struggle of the premier cryptocurrency to reach its recent all-time high of
The crypto market experienced an unexpected hit on April 12, with a sudden decline in the prices of Bitcoin and various altcoins leading to significant liquidations. Reports indicate that Bitcoin slipped by 4.49% in the last day, dropping to as low as $66,052. This decline had a ripple effect across the market, with major altcoins
When analyzing the impact of Bitcoin Halving on its price, it is important to consider past events. Lead analyst Hannah Phung pointed out that Bitcoin’s price tends to increase around 6 to 12 months after the Halving, rather than immediately. Looking back at previous Halving events, Bitcoin saw significant price gains about one year after
Bitcoin has been making headlines recently as it nears the $70,000 mark following a significant recovery. This positive momentum has sparked optimism among crypto enthusiasts, especially with the much-anticipated Bitcoin Halving event on the horizon. Rekt Capital, a respected cryptocurrency analyst, has outlined three key stages of the halving event for investors to watch. Rekt
Bitcoin, the world’s largest cryptocurrency, has attracted the attention of the ultra-wealthy elite in recent times. High-net-worth individuals with assets worth millions and billions of dollars are now looking to enter the digital asset market, eager to be part of Bitcoin’s innovative and revolutionary ecosystem. Barbara Goldstein, the Managing Partner at R360, an exclusive networking
Ethereum’s price is currently in a phase of consolidation, hovering above the $3,450 support zone. In order for ETH to see a positive movement, it must surpass the key levels of $3,560 and $3,620. The price has been trading within a specific range, maintaining levels above $3,500 and the 100-hourly Simple Moving Average. Despite attempts
As Shiba Inu investors start diverting their attention to the meme coin Sponge (SPONGE), it is evident that there is a growing enthusiasm for new and potentially lucrative projects in the crypto space. The allure of 1,000% returns can be tempting for investors looking to capitalize on the volatility of meme coins, and Sponge seems