There’s blood on the streets and crypto gamblers on Polymarket are betting that Bitcoin is far from its bottom. Forty-five percent of traders on the prediction market Polymarket believe that Bitcoin’s price will fall below $45,000 before September. This spiked at a 65% chance in early European trading hours on Monday amid a market meltdown. It’s worth pointing out, though,…
More than 2,000 compromised cryptocurrency wallets belonging to Australians were recently uncovered during a global operation targeting cryptocurrency scammers. The Australian Federal Police is reportedly investigating Australian losses identified in “Operation Spincaster” and gathering intelligence on scammer tactics. Gathering Intelligence on Scammer Tactics The Australian Federal Police (AFP) recently discovered more than 2,000 compromised cryptocurrency […] Source: https://news.bitcoin.com/australia-flags-over-2000-compromised-crypto-wallets/
Bitcoin dominance surged to a three-year high amid the weekend’s market turmoil. Per data from Coinglass, Bitcoin dominance—the ratio of Bitcoin’s market capitalization to that of all cryptocurrencies—is currently 55.6989%, marking its highest level since April 2021. At that time, the total market cap of all cryptocurrencies was $1.09 trillion, versus $1.2 trillion today. “Current market conditions are significantly different…
Ether’s price fell from above $3,000 to $2,100 due to selling pressure from a select group of market makers. Source: https://cointelegraph.com/news/market-makers-sold-300m-ether-august-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ahead of the opening bell for in the U.S., cryptocurrency-related stocks have experienced a sharp decline in pre-market trading, mirroring the severe downturn in the broader crypto market. The sell-off, triggered by a confluence of factors including regulatory concerns, macroeconomic uncertainties, and geopolitical tensions, has sent shockwaves through the digital asset ecosystem. Leading the pack in pre-market losses, MicroStrategy (MSTR)…
As of 9 a.m. EDT on Monday, the crypto market experienced a $1.15 billion loss in derivatives positions, with $975.93 million of these being long positions. Of that total, approximately $403.82 million came from BTC positions, while $364.98 million resulted from ETH positions being liquidated. Mass Liquidation Madness On Monday morning, the crypto market faced […] Source: https://news.bitcoin.com/crypto-carnage-1-15b-in-leveraged-positions-annihilated-as-bitcoin-nosedives/
Ethereum nosedived by more than 20% on Monday morning, a casualty of a badly bleeding crypto market that appears to have been dragged down by worrying signs of a potentially imminent global recession. As Asian financial markets woke to a bloodbath early Monday, ETH plummeted some 22%, from nearly $3,000 to $2,280 at writing. But the damage caused by Monday’s…
The cryptocurrency market has recently faced a significant downturn, causing concern and uncertainty among investors and enthusiasts. This article explores the current state of the market, the primary factors driving the crash, and potential future scenarios. The Current State of the Crypto Market As of early August 2024, the cryptocurrency market is experiencing one of its most severe declines in…
Bitcoin could experience another two months of downside pressure before a bullish chart pattern could lead to a breakout. Source: https://cointelegraph.com/news/bitcoin-price-downside-last-2-months?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
On August 5, 2024, ethereum’s price action has been dominated by strong bearish sentiment across multiple timeframes. While short-term consolidation suggests some indecision, the overall market indicators point towards continued downward pressure. With critical support levels approaching, traders should exercise caution as the market searches for stability. Ethereum Ethereum’s price is facing significant downward pressure […] Source: https://news.bitcoin.com/ethereum-technical-analysis-eth-faces-bearish-momentum-with-potential-for-short-term-recovery/
