The recent plummet in Bitcoin and cryptocurrency prices has resulted in a widespread downturn in the market. This has led to a sharp decline in sentiment among crypto investors, causing the Fear & Greed Index to drop into the Extreme Fear zone. This decline suggests that investors are becoming more hesitant to invest in the
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In today’s financial markets, trading can be both exhilarating and demanding. The need for quick decision-making and constant vigilance can be overwhelming for many individuals. This is where the use of trading bots comes into play. These automated tools are designed to alleviate some of the burden associated with trading and offer a more streamlined
Recent developments in the crypto market have indicated that Ethereum has entered oversold territory, which could potentially signal a bullish trend for the second-largest cryptocurrency by market cap. Analysts such as Titan of Crypto have pointed out that historically, when the relative strength index (RSI) is in or near oversold territory on the 3-day chart,
The current data reveals that the percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has dropped to its lowest level in the year, a figure last witnessed back in October 2023. This decline in the UTXO metric seems to coincide with the recent downward trend in bitcoin’s price as well as the broader cryptocurrency
The US jobs report released on Friday fell short of general expectations, with only 142,000 new jobs added in August compared to the anticipated 160,000. This disappointing figure brought the three-month average to 86,000, significantly lower than the 202,000 seen in the same period the year before. While the job addition numbers were underwhelming, the
Toncoin (TON) has experienced a significant drop in price since its peak in June, currently trading at around $4.80, which is 40% lower than its highest point. The decline in price can be attributed to negative news surrounding the arrest of Pavel Durov, the founder and CEO of Telegram, the messaging app associated with TON.
Recently, a federal judge made a significant ruling in a proposed class action lawsuit against Coinbase. The lawsuit alleges that the largest US crypto exchange misled shareholders about the possibility of facing legal action from the SEC. The judge, Brian Martinotti, found that Coinbase and its top executives may have defrauded shareholders by downplaying the
As popular crypto analyst Dan Gambardello delved into the potential future of the Cardano (ADA) price amidst the troubling forecasts of a US recession, he highlighted the general unease among ADA holders and general crypto investors due to the ongoing economic discourse surrounding a potential recession. With a significant following of 369,000 on YouTube, Gambardello
Arthur Hayes, the co-founder of BitMEX, recently shared his pessimistic view on the immediate future of Bitcoin prices. He expressed his market maneuver, indicating that he believes Bitcoin will drop below $50k in the coming weekend. Hayes did not provide specific reasons for his prediction, but the timing of his statement coincides with the release
The ApeCoin ecosystem has recently unveiled a groundbreaking Blueprint that sets the course for its future development. At the core of this ecosystem lies ApeChain, a robust blockchain layer that places a strong emphasis on catering to the needs of both developers and users within the ecosystem. By focusing on enhancing the discoverability of decentralized