Top Crypto News Today-Traders Invest in Small Cap Altcoins, Is Bitcoin’s Party Over?
As the crypto markets gained some momentum, Bitcoin, Ethereum, and other Altcoins also surged, recovering from the losses incurred after the FTX collapse. BTC’s price surged above $23,000, while Ethereum headed towards $1700. Woefully, both failed to hold a tight grip over the rally that plunge below their respective levels.
In the meantime, traders after gaining significant profit appear to diversify their portfolio and hence gain interest in the small-cap altcoins. As per the data from Santiment, the investors are now moving out of the large-cap tokens like Cardano, Solana, etc, and investing in the other tokens within the top 200.
The platform lists a steep raise in the daily active addresses of the altcoins with a market cap below $300M like Chianbing (CBG), Morpheus Labs (MITX), Monetha (MTH), Polytrade (TRADE), PlusPad(PLSPAD), Ribbon Finance (RBN), etc and many more. The money has flown from the large caps like Cardano (ADA), Solana (SOL), Polkadot (DOT), etc which had made huge headlines in the first 3 weeks of January.
These altcoins are pretty small and hence the money flown from larger alts may draw a huge impact. Therefore, if the rotation on money continues, then these small-cap altcoins may witness a positive upswing in the coming days. On the contrary, these altcoins may also plunge hard if the traders wish to extract their profits.
However, new token exploration is always risky but is also equally important to distribute the dominance within the markets.
Breaking News: Terra Classic (LUNC) Investors to Receive Refund – Dev. Edward Kim Confirms!
The Terra Luna Classic (LUNC) ecosystem has put in place measures to reimburse community members that were affected by the network failure between September 21 and 28, according to core developer Edward Kim. Notably, the Terra Luna Classic network failure caused tax to be incurred on transactions that did not happen. As such, about 295 million LUNC was levied as a tax on transactions that did not go through.
However, the proposal noted that wallets with 10 LUNC and below in incurred fees will lot be reimbursed due to the underlying cost transactions and tax levied. Consequently, LUNC wallets that lost between 5 million and 10 coins amounting to 2,214 addresses will be reimbursed accordingly.
“We are requesting the total amount of incorrect taxes charged be reimbursed via a community pool spend to the users that lost funds during this time; the total reimbursement is 295M LUNC,” Kim noted in the proposal.
Reportedly, most of the affected wallets were identified as CEX wallets including coinspot, and crypto.com 2, among others. Popular LUNC validator, through the Twitter comments section, commended the proposal but requested the reimbursement to take place before the next quarter.
The rebranded Terra Luna ecosystem takes pride in a market capitalization of approximately 1,084,795,839 and a 24-hour trading volume of about $144,256,324. However, the controversial failure of the original network has prevented the global adoption of the rebranded network. Moreover, investors who lost capital during the UST collapse may never be made whole again.
Nonetheless, the new Terra LUNA Classic ecosystem has received tremendous support from several centralized exchanges like Binance through listings. As a result, LUNC price has gained approximately 18090 percent since hitting rock bottom last year.
Crypto News Today: Is the Biggest Bull Trap Getting Bigger or the Resurgence of an Intrinsic Rally?
Crypto markets today have printed large green-bullish candles which have uplifted the sentiments from bearish to bullish. The star crypto, Bitcoin ranged high to recover the losses printed back in September 2022, indicating the possibility of laying down a significant upswing to reclaim the lost levels soon. Meanwhile, the altcoins also register double-digit gains which may also point toward an Altseason in the coming day.
But is this the largest bull trap ever or the end of the bearish trend? To decode this, first, let’s see why the Bitcoin price is going up.
The BTC prices underwent an extended narrow consolidation between $16,000 to $17,500 for nearly 2 months. Further, the prices quickly surged close to $21,500 by maintaining a firm upswing that began at the beginning of the year 2023. This upswing is said to have been fueled by the whales who accumulated more than 60,000 BTC.
As per the data from Santiment, the whales holding 1000 to 10,000 BTC, were dumped on Bitcoin throughout the year 2022, while they accumulated heavily over the past 15 days. They have accumulated 64,638 BTC worth nearly $1.46 billion which led to the largest spike since August 18, 2022.
It has to be noted that this surge is led by whales and not the retail traders who keep the markets active most of the time. The whales do cause a massive price change but it is restricted to just a short time frame, post to which the price remains consolidated within a very narrow range. Interestingly, despite a massive upward movement in the price, Bitcoin’s OBV or On-Balance Volume displays a bearish divergence.
On-Balance Volume(OBV) is a momentum indicator that considers the volume flow to predict changes in the value of the crypto. ‘The OBV is flashing some warnings on this move-up, says a known analyst, IncomeSharks referring to the above chart. All the previous moves displayed strength and surged along with a rise in OBV. But this time, it is displaying a bearish divergence and the retest of the resistance also failed.
The analyst here believes, the BTC price may undertake a violent move and plunge back to the lower support at $21,500 if the trend does not match with the OBV. Therefore, a significant correction may be expected during the weekend that may drag the Bitcoin (BTC) price slightly lower.
Top Crypto News Today- This is Why Crypto Market is Going Down!
The crypto markets are down today! Reason-the FTX-contagion spreads. The crypto community is well aware of the collapse of the popular exchange FTX, which caused significant market turbulence. The bullish push that began with the start of the 2023 trade was expected to keep the bearish trend at bay for a long time, as many tokens had recovered their losses from the FTX debacle.
However, the bears again regain their strength as the contagion spreads, compelling a well-known crypto lending platform, Genesis is proceeding to file for Chapter 11 bankruptcy.
Bitcoin prices slashed hard below $21,000 but currently holding the crucial levels at $20,800. Despite the prices showing some sign of stability, the bankruptcy filing may make the token extremely brittle. Adding icing to the cake, the miners may make the bear’s job much easy as they too appear to be preparing to sell BTC that they accumulated till now.
The miners had been constantly accumulating BTC since the beginning of 2021 and continued to hold until the market trembled due to the FTX fallout. This was when they began to liquidate which compressed the BTC price below $17,000. However, the miners stopped selling and started accumulating again at the beginning of the 2023 trade which propelled Bitcoin prices close to $21,500.
Woefully, this upswing appeared to be just a short-lived one as the bears are intensifying their actions. Besides, the miners are now started selling their reserves which may add to the mounting selling pressure ignited by the rounds of Genesis bankruptcy filing.
As per the fresh data provided by Crypto Quant, the BTC miners are flipping their positions oflet. A couple of huge outflows from their wallets of 4089 and 2500 BTC were recorded on 14th January and 17th January respectively. In a recent update, nearly 669 BTC were sent to the exchanges on 18th January 2023. Hence, this kind of miner behavior is increasing the selling pressure on the market.
Shiba INU Coin News Today: SHIB Price Explodes After Being the Most Favoratie Token of Ethereum Whales
The crypto markets seem to have inculcated acute strength as the bears are not finding enough room to expand. After maintaining a narrow upswing since the beginning of 2023, the SHIB price exploded and has risen by more than 21% since the early trading hours. Apart from breaking the descending trend line that it maintained for nearly 5 months, SHIB has become the most preferred token among the top 100 Ethereum whales.
As per the data from the Whalestats, the Shiba INU coin has entered the list of top traded assets, top sold tokens and top purchased tokens. It is also featured in the top holdings of these whales. Other than Ethereum, the ETH whales hold nearly 505.52 billion SHIB worth more than $6 million.
SHIB Price Analysis
After receiving enough boost from the positive market sentiments and massive whale accumulation, SHIB price now appears to be poised to reach the next target above $0.000013. The price underwent a parabolic recovery to overcome the losses incurred after the collapse of the FTX exchange. However, a fresh bullish divergence is witnessed that may uplift the price towards the interim resistance.
The SHIB price broke out of the falling wedge during the previous trading day and surged magnificently to reach levels above $0.000012. However, the price is facing a minor rejection after testing the resistance at $0.00001299 and experiencing a pullback to reach $0.00001261 at the press time. However, the RSI is maintaining ascending trend while MACD just displayed a bullish cross-over within the positive ranges.
Therefore, after a brief consolidation, the Shiba INU may resume the upswing intending to close the weekly trade above $0.000015. Presently, SHIB’s price is trading around $0.00001262 with a jump of 20.63% in the past 24 hours with a market capitalization of $6.9 billion and a trading volume of $761.66 which witnessed a huge jump of 133.62%.
Cryptocurrency News Today: Decentraland (MANA) To Reclaim the NFT Top Spot, But Will it Hit $1 in January 2023?
The Decentraland (MANA) price has seen a significant increase since the beginning of the year, indicating its potential for further growth. The price had been heavily trading within a descending trend since the market collapsed in May 2020.
However, after reaching a bottom below $0.3 just before the end of 2022, the MANA price broke through the crucial resistance at $0.6 and reached yearly highs around $0.758.
The upward trend was initially fueled by bullish market sentiment as the Bitcoin price rebounded, along with a significant increase in GitHub activity. Additionally, a major boost came from the announcement of a collaboration between the “Australian Open” tennis tournament and Decentraland.
With the current upward trend in the Decentraland price, the question remains whether the bullish momentum will be sustained and reach the next target of above $1.
The price has broken above the descending trend line it had been following throughout the second half of 2022 and is currently trading within these gained levels, leaving little room for bearish actions.
The bullish pressure has accumulated heavily due to which the price may maintain a notable upswing to reach the initial target close to $1 very soon.
In the meantime, the whale accumulation has intensified which had dropped heavily soon after the collapse of the FTX exchange. Whales holding tokens in the range of 100 million to 1 billion have become active.
However, it should be noted that a significant portion of the supply, around 50% around 1.23 billion, is held by whales who have been accumulating since December 2022. These whales hold nearly 1% of the entire circulating supply and may have a major impact on the upcoming MANA price rally.
This means that a pullback may be expected if these large holders begin to liquidate their holdings, as they did following the collapse of the FTX exchange. Therefore, the possibility of a short-term bounce appears high, which may trap bulls for a longer period in the coming days.
Crypto News Live: Are Bitcoin Miners Preparing for a Massive BTC Price Pullback?
With the crypto space witnessing some relief from the bearish trend, the Bitcoin miners quickly started accumulating. This amplified the price smashed above $21,000 and also reached close to $21,500. However, the price is facing a minor pullback at the moment which is considered a minor correction, but some on-chain data shows that the miners may be preparing to dump which may hinder the progress of the rally ahead.
The Bitcoin hash rate rebounded to rise toward the highs, and the miner’s reserve also began to swell. It was believed that they might have started to accumulate after continuously selling them for more than 2 months. However, a recent discovery by a popular on-chain platform crypto quant may again push the markets into deep FUD.
As per the platform, the current pullback is led by the miners who are trying to mount selling pressure on the market. The indicator, Miner’s Position Index(MPI) which measures the ratio between the miner outflows and the 365-day moving average, shot up heavily.
The indicator when spikes heavily indicate that the miners are selling at a higher degree than usual. The value that spiked hit the value of about 4, the highest level since April 2022. A spike in the levels usually invites a decrease in the value of the crypto which has been prominent since the early trading hours.
At the time of writing, the Bitcoin (BTC) price was trading at $20,858 with a market capitalization of $401 billion. The price after recording a 24hr jump of nearly 5%, slides down to less than a percent at the moment, indicating the strengthening of the bearish hold. Therefore, if the data turns out to be true, a significant price plunge may be fast approaching.
Bitcoin Bull Trap: BTC Price To Hit News Lows in Coming Months Warns Analyst
Popular and pseudonymous cryptocurrency analyst il Capo of Crypto (Twitter: @cryptocapo) believes an imminent capitulation is awaiting the industry despite the recent Bitcoin rally above $21k. Addressing his 705.6k Twitter followers, the analyst highlighted several scenarios for top crypto assets. Generally, the analyst indicated that the base consolidation in the past few months is weak to guarantee a strong parabolic crypto move.
As such, a crypto market correction below the previous lows is imminent according to the analyst.
“Bitcoin is in a ltf parabolic move. But there’s a problem for bulls. This move is already overextended. The base of the parabola was weak, and when this ltf trend breaks it often results in sharp declines and full reversals,” the analyst indicated.
In conclusion, the analyst indicated now may be a good time for short-term traders to protect profits before a $12k surprise. Moreover, Bitcoin price already broke the 2017/2018 ATH, which is a strong factor in bearish sentiment.
Bitcoin and Crypto Market Outlook
The crypto market has enjoyed relief from FTX and Alameda’s fallout and also the 2022 bear market. The Ethereum (ETH) market has surged over 21 percent in the last seven days to trade around $1,565 on Monday. Nonetheless, the asset is still 67.7 percent lower than its ATH set on November 10, 2021. The bitcoin market, on the other hand, is down approximately 69 percent from its ATH.
Meanwhile, the Solana ecosystem is enjoying the crypto FOMO rally with a modest growth of about 145 percent in the past fourteen days. While Solana network was the most hit by the FTX implosion – down over 90 percent since ATH – Santiment believes the recent rally is fueled by liquidated shorts.
Crypto News Live-Hidden Bearish Discovered in Bitcoin (BTC) Price! What’s Next?
Crypto markets today have been fairly trading under the bullish influence which was fueled by the latest CPI price which was lowered to 6.5%. The Bitcoin (BTC) price began rising high with the speculations of the latest CPI rates, which surged magnificently on the announcement. Now that the inflation rates have been lowered, it could be a bearish signal for the crypto space.
Bitcoin price is currently trading very close to $19,000 and may even rise beyond these levels any time from now. However, the bears appear to have held the levels above $19,500 and hence the possibility of rejection haunts the BTC price rally.
A well-known analyst called AnonymousCrypto Predictions discovered the hidden bearish divergence and believes the price may slide down to form new bottoms very soon.
The analysts here compared the RSI (Relative Strength Index) of Bitcoin in the 2014 bear market to that of the recent 2022 and found that the rally may not have found its bottom.
“Once we finally broke out we still came down to put in a new low (Real low),” he said.
Responding to a query as to why the pattern may repeat, the analyst asked to compare with the RSI of the 2022 bear market. To one’s surprise, the RSI has formed a similar trend and has now raised high, rebounding from the lows. Therefore, the analyst believes that star crypto may find the bottom of the current bear market soon.
Collectively, the bearish market is expected to persist and if Bitcoin’s (BTC) price faces a rejection, it may certainly not be a minor one.
Cryptocurrency Market to Get One More Bad News Before 2022 Ends. Here’s What To Expect
Even though the cryptocurrency market is no longer in a state of utter turmoil, the effects of the FTX crash are still being felt. After failing to surpass the $17,000 resistance level, the price of Bitcoin (BTC) is still in a consolidation phase.
According to a cryptocurrency analyst, Bitcoin could make a significant upward rise in 2023. Altcoin Sherpa, a pseudonymous expert, said that Bitcoin is showing signs of its bear market rise from 2019 when the king cryptocurrency soared from $3,000 to $14,000 in a few months.
“BTC: we saw a massive rally in 2019 after the bottom of the bear market; from $3,000->$14,000. I personally think we’ll see another bear market rally in 2023. Is it going to go as high as 2019 percentage-wise? In my opinion, not close. But I do think we’ll see some strong moves.”
According to the analyst’s chart, Bitcoin might increase to over $38,000, which would represent an increase of almost 130%. Although the analyst believes Bitcoin might experience a bullish run in the coming year, he also warns that BTC may still experience one more capitulation event before it begins to rise.
“Things to note: -Macro environment way different now vs. 2019 -We haven’t seen that final capitulation yet (i.e. $6,000->$3,000 in 2018). If we see that, it could be even more likely this happens -If we do see a strong rally, it’s highly unlikely this is going to be sustainable.”
On-chain data is bullish
Another significant development is the decline in whale interest in Bitcoin. Bitcoin transactions worth $1 million have reached a two-year low, and whales have been particularly uninterested in either hoarding or selling their Bitcoins.
According to Santiment,
“Bitcoin’s ranging prices have a lot to do with declining whale interest. This chart illustrates how closely $BTC and $1M+ valued whale transactions correlate. If prices continue sliding and a spike occurs, this would be a historically #bullish signal.”
Crypto News for the Week Ahead! CPI, FOMC & More!
The crypto space, which had geared up to some extent during the past few days, appears to have again re-entered the bear trap. Moreover, the upcoming week is speculated to be more intense as the majority of the cryptos could undergo a gigantic price action regardless of the direction of the trend. Therefore, multiple analysts could impact the Bitcoin (BTC) price rally, which may in turn slash the entire crypto market.
The attention is getting back to Bitcoin as the fresh CPI rates could be released in a short while from now. The token reacted badly to the U.S Producer Price Index(PPI) which has been dropping significantly from the last month, but pretty much less than expected.
Besides, a popular analyst, Nicholas Merten, says in his new video update that the market is waiting for the Consumer Price Index(CPI) report and the last Federal Reserve meeting of the year, which coincidentally fall in the coming week. He says,
“Why are people not buying the dip? The reason, in my opinion, is what’s coming up here next week and it has to do with the upcoming inflation numbers form the CPI report as well as the Fed at FOMC meeting,”
The CPI report is expected to be out by 12 December 2022, while the FOMC meeting is scheduled on December 14. The analyst says that the CPI report usually moves the market up, and is expected to reveal higher-than-expected inflation data soon. However, if the FED opts out of a lower rate hike than expected, the analyst believes that the markets could still remain under pressure.
“Does this mean the market is just immediately saved? Does this mean that we’re kicking off the next bull run?
No. In fact, if we look at previous bear markets, even as the Fed is starting to pivot and starting to drop the federal funds rate by multiple points, you’ll see that equities still went down. It still underperformed because again, to the point that people say that these things have lagging effects, you can’t just come in immediately, cut interest rates and save the day.”
Bitcoin and Ethereum On-Chain Data Has Some Good News for Traders
A number of cryptocurrencies are currently trading in the red and Bitcoin (BTC) recently hit a two-year low.
In such an exceptional bear market situation, the FTX crisis has only acted as fuel to fire and caused widespread distrust among the crypto participants, making them wary of investing any longer. Bitcoin is getting closer to a critical threshold, which might determine the market’s short-term direction. Despite some bullish signals on the technical charts, it is still too early to say whether a new bullish phase is approaching.
Active Addresses Surge
A highly reliable analytics company– IntoTheBlock- has noticed a stabilization in the number of BTC and ETH active addresses, which suggests that more people are using the top two cryptocurrencies now.
According to IntoTheBlock, one important metric is flashing a bullish signal for Ethereum and Bitcoin. After assets marked their ATH in May 2021, there was a decline in daily addresses for Ethereum and Bitcoin. The active addresses have now quickly stabilized and maintained constant levels ever since.
“We see around a 36% increase in active addresses for Ethereum (327,000 addresses on March 8th, 2020 compared to 514,000 addresses on December 1st, 2022). Bitcoin has seen more modest gains with about [a] 20.6% increase in active addresses (826,000 on March 9th, 2022 compared to 1.04 million on December 1st, 2022).”
The market intelligence company keeps track of daily active addresses, which counts the number of wallets that have completed at least one transaction each day. According to them, wider adoption is indicated by more active addresses. The analytics company also stated that despite the unsettling macroeconomic situations, the number of active addresses for BTC and ETH has remained stable.
Miner’s Holdings Reduce
However, Glassnode data shows that miners’ BTC reserves have dropped by 13K BTC over the past several months; it is now at 1,818,280.032 BTCs, a 14-month low. In October of last year, the price reached a 14-month low of 1,818,778.794. Moreover, due to a reduction in mining activity, Bitcoin’s hash rate has been decreasing as well.
According to on-chain data on short-term inflows and outflows from Miners’ wallets, there were a lot of outflows in November. It can result in a decrease in price or a rise in volatility. Miners sold over 6,000 Bitcoins the previous week and 10,000 this week.
Tora Inu roadmap Shows Good News For The Meme Coin
The coins are seeking for a more complex description for themselves since they are no longer satisfied with merely being called a “meme.” They are looking at the possibility of developing new apps and integrating existing ones in order to assure continuing success once the initial buzz has died down.
The following are the proposals for the three meme tokens that have the greatest promise.
Tora Inu is one of the meme currencies that has the greatest potential (TORA)
The dog known as a Tora Inu has recently emerged as the subject of a popular meme circulating on the internet. There is a substantial amount of evidence to suggest that the TORA presale, which is presently taking place, will completely exhaust its supply of tokens at the reduced price far in advance of the date that was originally set for its release. Because there will be an increase in the token value the next year, the ideal time to participate in the project is during the presale, which is being advised by professionals in the sector.
Due to the significant implementations of NFT, play-to-earn, and the metaverse that Tora Inu has, it is now considered to be one of the most promising cryptocurrency projects. If the euphoria around $TORA is any indicator, the enterprise will swiftly become worth a billion dollars within a couple of weeks when it is introduced to the public. However, in contrast to the several meme currencies that are now available on the market, this project’s long-term ambition and utility-driven strategy set it apart.
The release of a primary skill-based play-to-earn game, new NFT integrations, lottery mini-games, and an NFT marketplace are some of the planned key events for Tora Inu. The play-to-earn ecosystem has reduced entry barriers and compensates users based on their gaming success rather than their original financial commitment. This is in contrast to traditional ecosystems, which reward users based on their initial capital investment.
Tora Inu also suggests a number of successful business processes for the creation of long-term value and a loyal consumer base. The deflationary tokenomics of Tora Inu takes use of a decreasing quantity in order to improve the value of each token over the course of time. In addition, users have the ability to bet their TORA holdings in return for an alluring interest in the assets they own.
When the memetic worth of advertising campaigns is taken into consideration, Tora Inu’s creative endeavors should be given some appreciation. At this time, Tora Inu is running a Gleam giveaway for its presale customers that is worth $25,000. Joining the community’s Twitter and Telegram channels is something you should do if you want to be kept up to speed on the work that is being made with the Tora Inu project.
Dogecoin is a meme currency that has been linked to Elon Musk’s tweets.
To this day, Dogecoin is the only meme currency that has received acceptance from the general public. “Direction is determined by the numerous people and organizations that contribute to the many initiatives of the Dogecoin blockchain and ecosystem,” even though there is no strategy for the future of the project.
DOGE is presently rated number eight by CoinMarketCap, despite first being issued as a joke at the expense of the cryptocurrency community. It is now considered a “blue chip” cryptocurrency due to the growing number of apps and integrations that use it. Not to mention Tesla’s Chief Executive Officer, Elon Musk, who helps the firm out every now and again.
Floki Inu is, as one would expect, in third position. Since the value of the project has fallen by 96.5 percent since its high point, the company is now working to restore it.The development of the NFT game metaverse Valhalla, the FlokiPlaces marketplace for NFTs and products, and the Floki University platform are all on the revived Floki roadmap.
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
After Industry Favourite Plona (PLON) Raises $500,0000, Algorand (ALGO) and Chain (XCN) Will Try to Compete – Coinpedia Fintech News
Why should you invest in the blockchain industry? Since Bitcoin (BIT) launched in 2009, various cryptocurrencies have come to life, offering productive features that have made the lives of traders easier. Plona (PLON) is one of those cryptocurrencies that offer abundant features and streamline how people manage their finances.
Algorand (ALGO) is fighting for a comeback.
Algorand (ALGO) is one of the few leading blockchain platforms aspiring to expand the possible use cases for cryptocurrency. The platform was designed to function as a major payment processor by accelerating transaction speeds and reducing the time it takes transactions to complete on its network.
The Algorand (ALGO) platform enables users to create smart contracts and uses a consensus mechanism it calls pure proof-of-stake (PoS). With a native coin that secures the platform and rewards the ecosystem’s governors, Algorand (ALGO) is currently valued at $2.2 billion. However, Algorand (ALGO) is down by nearly 6% after last week.
Chain (XCN) falls even further in the crypto market.
Chain (XCN) is a governance and utility token for the Chain Protocol launched in 2014. The platform provides various case-use applications for Chain token (XCN) holders to utilise. Additionally, outside of voting on the Chain (XCN) Protocol, users can also stake XCN to secure the protocol and earn rewards.
Furthermore, the platform was designed to offer a range of products and provide for Web3. Chain (XCN) products are more accessible to launch and run a blockchain network. The platform saw $14 million worth of Chain tokens (XCN) traded for $0.05838 in the last 24 hours. Chain (XCN) is down nearly 13%, and its investors are starting to worry.
Why is everyone talking about Plona (PLON)?
What is Plona (PLON)? Plona (PLON) is an Ethereum-based non-fungible token (NFT) collection developed by a group of professional blockchain specialists, leading the way for fractional ownership by tokenisation of luxury cars. This method allows investors in the cryptocurrency market to own a portion of their favourite luxury and exotic automobiles.
Plona (PLON) phase one presale has begun, and now investors can purchase one Plona (PLON) token for $0.012, and for $29, they can purchase a fraction of some of the most exotic cars worldwide.
Investors in Plona (PLON) will receive parallel-backed minted NFTs championed by premium cars in the real world. These cars are insured and kept in a safe unit for each investment. Cryptocurrency experts believe the Plona (PLON) token can beat Algorand (ALGO) and Chain (XCN) in the coming years, predicting a 3,000% gain by the end of January alone. The platform aim to raise $500 thousand in the second week of its presale.
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Ethereum Toon Finance & Solana Sky Rocketing After Twitter Elon News
Ethereum Rallys Toon Finance sells out round one
Ethereum is one of the most important coins in crypto. Binance is actually a clone of Ethereum for those who did not know. Ethereum, the world’s second-largest cryptocurrency explained
You’ve probably heard of Bitcoin, the first and most well-known cryptocurrency. But what about Ethereum? Ethereum is the second-largest cryptocurrency by market capitalization and it has a host of features that sets it apart from Bitcoin. In this blog post, we’ll explain what Ethereum is, how it works, and some of the use cases for this versatile cryptocurrency.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
Ethereum is used to build decentralized applications (dapps) on its platform. Dapps are open source and anyone can build and use them. The Ethereum blockchain is a decentralized database that stores all the dapp data and code. This makes dapps incredibly secure and resilient as there is no single point of failure.
Dapps are built on top of Ethereum’s network using the Solidity programming language. They can be used to create anything from financial instruments, games, voting systems, to social networks.
Did you hear about Toon Finance coming out with a DEX on the Ethereum blockchain? This has been the news for quite some time now as meme coins take off during presale rally.
Big Eyes, Toon Finance are the hottest presale coins out right now with experts saying that Toon Finance will soon exceed the number of investors and pass Big Eyes right up due to the unique utility behind their token.
Ethereum’s native currency is called Ether (ETH). Ether is used to pay for transaction fees and computational services on the Ethereum network.
There are two types of accounts in Ethereum: externally owned accounts (EOAs) which are controlled by private keys, and contract accounts which are controlled by their contract code. ETH is stored in EOAs.
Contract accounts can interact with each other and they can also hold ETH. Contract accounts are deployed when their contract code is executed. Contract code execution requires a small amount of ETH to be sent as a “transaction fee” to cover the cost of gas.
Gas refers to the computational power needed to execute a transaction or run a smart contract on the Ethereum network.
Ethereum is a versatile cryptocurrency with a lot of potential. Its smart contracts make it ideal for a wide range of use cases from financial instruments to social networks. If you’re looking to invest in cryptocurrencies, Ethereum is definitely one to keep an eye on!
Buy Toon Finance
First you must download a multicoin wallet such as MetaMask.
This is a wallet that will hold ETH coins and tokens. MetaMask is a recommended wallet.
Once you have your multicoin wallet ready then you are now ready to purchase your TFT coins.
Next you will load your wallet with ETH, which is the currency for this case.
Once you have your wallet loaded with ETH all you have to do is swap it for TFT coins on the Toon Finance Buy Page.
Enter the amount in ETH that you would like to use to swap for TFT coins and click “BUY”.
That is it, Now you are an official Toonie member. Join their telegram channel for the latest updates Toon Finance telegram
NFTS on Ethereum – A New Way to Collect and Monetize Digital Assets
Non-fungible tokens (NFTs) are digital assets that are unique and not interchangeable. NFTs can represent a wide range of digital assets, from in-game items and collectibles to art, music, and other forms of digital media. Now, with the launch of the Ethereum NFT standard ERC721, there’s a new way to collect and monetize these digital assets.
The ERC721 standard defines a set of rules that govern the creation, transfer, and ownership of NFTs on the Ethereum blockchain. These rules allow for the creation of NFTs that are unique and non-fungible, meaning they cannot be interchangeable like traditional crypto tokens. This makes them ideal for representing a wide range of digital assets, from in-game items and collectibles to art, music, and other forms of digital media.
One of the key benefits of using NFTs is that they can be easily traded or sold on secondary markets. This enables creators to monetize their work in a way that was not possible before. In addition, NFTs also offer some advantages over traditional methods of collecting and storing digital assets. For example, NFTs can be stored securely on the Ethereum blockchain and cannot be lost or stolen like physical items.
The launch of the ERC721 standard provides a new way to collect and monetize digital assets. This standard enables the creation of NFTs that are unique and non-fungible, making them ideal for representing a wide range of digital assets. In addition, NFTs offer some advantages over traditional methods of collecting and storing digital assets. For example, they can be stored securely on the Ethereum blockchain and cannot be lost or stolen like physical items.
Understanding Solana (SOL)
Solana is a project that is focused on providing decentralized finance (DeFi) solutions. The project began in 2017 and was officially launched in March 2020. The headquarters for the project are located in Geneva, Switzerland. The project has received funding from some high-profile investors, such as Multicoin Capital, CoinGecko, and FTX.
How Does Solana Work?
The Solana project is based on the idea of using blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. The project uses a Proof-of-Stake (PoS) consensus mechanism to validate transactions on the network. The native currency for the Solana network is SOL, which is used to pay transaction fees and reward validators for their participation in consensus.
To ensure the scalability of the network, Solana uses a unique clustering technique that allows the network to process up to 65,000 transactions per second (TPS). This is achieved by sharding the network into different subnets, each of which processes a portion of the total transaction load. As a result, Solana is able to achieve much higher scalability than other blockchains that use traditionalPoW or PoS consensus mechanisms.
The team behind Solana has also developed a number of other innovative technologies that are designed to further improve the scalability and performance of the network. These include Tetherwood, a system that allows nodes to process transactions in parallel; Turbine, a software module that optimizes network traffic; and Gale, a tool that allows nodes to quickly sync with each other.
Solana is an innovative project that is focused on providing decentralized finance (DeFi) solutions. The team behind Solana has developed a number of unique technologies that allow the network to achieve high scalability and performance. The native currency for the Solana network is SOL, which is used to pay transaction fees and reward validators for their participation in consensus.
These are some of the leaders of the industry with so many options to choose from why not go with what experts are suggesting.
What are Solana Non-Fungible Tokens?
With the rise of blockchain technology, a new era of digital assets is upon us. Non-fungible tokens, or NFTs, are digital assets that are unique and cannot be replaced. They are often used to represent ownership of items like art, collectibles, and in-game items. Solana NFTS are a type of NFT that runs on the Solana blockchain. In this blog post, we will explore what Solana NFTS are and how they work.
What are Solana NFTS?
Solana NFTS are non-fungible tokens that run on the Solana blockchain. The Solana blockchain is a high-performance blockchain that can process millions of transactions per second. This makes it an ideal platform for running NFTs. Solana NFTS can be used to represent ownership of digital assets such as art, collectibles, and in-game items.
How do Solana NFTS work?
Solana NFTS use the same underlying technology as other NFTs. However, they have some unique features that make them well-suited for running on the Solana blockchain. For example, Solana NFTS can take advantage of the high transaction speed and low fees of the Solana blockchain. In addition, Solana NFTS can be easily traded on decentralized exchanges thanks to the built-in liquidity protocols of the Solana blockchain.
Why use Solana NFTS?
There are many reasons why you might want to use Solana NFTS. First and foremost, they offer all of the benefits of other NFTs while also taking advantage of the high transaction speed and low fees of the Solana blockchain. In addition,Solana NFTS can be easily traded on decentralized exchanges thanks to the built-in liquidity protocols of the Solana blockchain.
In conclusion, SolanumNFTS offer a number of advantages over other NFTs. They are able to take advantage of the high transaction speed and low fees of the Solanum blockchain. In addition, they can be easily traded on decentralized exchanges thanks to the built-in liquidity protocols of the Solanum blockchain. If you are looking for a powerful and flexible platform for running NFTs, then SolanumNFTS may be right for you.
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A Good News For Bitcoin Holders! Here Is What It Is
Bitcoin has been trading below the $20,000 range for a while now, as it clings to the $19,000 threshold. The past couple of months have been a difficult ride for the crypto market as Bitcoin (BTC) lost nearly 60% of its value while ETH lost around 50%.
Though long-term investors are well-versed with the intense market volatility, the macroeconomic measures have pulled down major cryptocurrencies drastically, causing significant financial loss. At the time of reporting, Bitcoin is selling at $19,106 with a fall of 1.16% over the last 24hrs and nearly 4% in the last seven days.
The currency has an immediate support level at $19,000 and resistance at $19,200.
Bitcoin Bottom Soon?
Bringing in some positivity to an otherwise gloomy atmosphere, few analysts believe the present condition to be a positive indicator. One of the analysts at CryptoQuant, with the username eth_whalehunter, claims that around 50% of Bitcoin holders are in loss and this indicates that the crypto market might be nearing the bottom.
As the expert talks about the Bitcoin crash in March 2020, he asserts that if the Bitcoin holder’s loss percentage falls between 40% and 50%, it’s positive for the accumulation phase. However, he even says that the range between 50% and 60% is even better when looking to the future.
Furthermore, the analyst believes that though a few altcoins are all set to outperform Bitcoin, the chances for this to happen is rare.
Meanwhile, as the market awaits the release of Consumer Price Index (CPI) on Oct 13th and Producer Price Index (PPI) for this month, it is important to note that these two indicators will play a major role.
Coinpedia suggests that traders buy assets after conducting adequate research and keeping in mind the above-mentioned factors.
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Ethereum Bloodbath to Continue: ETH Price At Risk Of Crashing Nearly 30% Soon! – Coinpedia – Fintech & Cryptocurreny News Media
The Ethereum continues to be more bearish as each day passes. It seems that Ethereum is struggling in the price graph despite the successful merge. After going for $1,800 before the merge, ETH has unfortunately brought bearish woes for investors and traders, completely wiping out the merge hype. This week has been concluded as the most crucial week for Ethereum as it has crashed all the way down to $1,300.
A 30% Crash Is Waiting For ETH
Since the Ethereum merge, the bears of the market have emerged, making a 35% decline in ETH’s price. Ethereum builds its solid bearish momentum when the market sentiment has been pretty bullish with a vision that the merger will bring outstanding returns.
According to CoinMarketCap, Ethereum is currently trading near $1,350 with a market cap of $166 billion. The technical data of the Ethereum price graph shows that Ethereum could have a 30% price correction downside, which can throw Ethereum below the $1,000 mark in the upcoming months. Ethereum has broken all fundamental supports to hold its price upward, and it seems it may trigger a solid crash ahead.
What Is Next For Ethereum?
The main reasons behind the price plummeting are the selling pressure among investors during the merge hype and the FOMC meeting tomorrow. The 8-day and 21-day moving averages represent a classical bloodbath for Ethereum. However, the Fibonacci retracement indicates a pullback at $1,250, making a support level at $1,000. The $1,250 level is crucial as the 200-week moving roams near the same territory.
According to analysts, Ethereum might see a reversal this week as it can trigger a bullish trend near the $1,250 level, and can go up to $1,500. Ethereum’s options data shows a bullish demand, confirming a reversal soon in the price graph.
The options data from Deribit indicates a high volume of Ethereum put and call options. The open interest for ETH is currently at $1,000 and $2,000 for September’s expiry. Bloomberg stated, “This is part of a controversial theory that says options writers — often financial professionals — make more money than options buyers.
The argument is that an asset’s price will move toward the level where options writers make the most profit — that is, where the greatest number of options expire as worthless for buyers. Deribit data puts this maximum pain point around $1,600.”
The Ethereum merge has recently grabbed the attention of the SEC chair Gary Gensler, and it seems that it may soon fall under regulations. However, it is expected the bulls will be back soon due to the increase in whale movements, which can take Ethereum to its investment goals.
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Top Altcoins Ready To Explode Before the End of 2022 – Coinpedia – Fintech & Cryptocurreny News Media
There is a lot going on in the cryptocurrency market right now, and several altcoins have experienced a sharp decrease in value, taking a backseat, or simply remaining stationary in their current position. After this slow month, several altcoins are predicted to perform remarkably well, but how? What coins are anticipated to do this? Let’s take a closer look.
Polygon(MATIC)
A decentralized
decentralized [email protected] Event Organiser 
Followers : 0 View profile Ethereum scaling platform called Polygon enables developers to create user-friendly, scalable dApps with minimal transaction costs without compromising security.
Polygon is currently trading at $0.7279. As with most coins and cryptocurrencies in 2021, it is at an all-time high. The previous year, polygon experienced an all-time high of $2.8768, or about $3.
A protocol called Layer 2 addresses some of the current problems with Ethereum, particularly those related to scaling. polygon 
polygon Crypto / Blockchain SolutionScaling Solution 
Followers : 0 View profile has been active for a while and will stay active as long as Ethereum remains successful. Any project engaging in or growing the ethereum 
ethereum Blockchain NetworkTechnology 
Followers : 0 View profile ecosystem will succeed in the future with the successful implementation of the Merger.
Algorand(ALGO)
An independent, decentralized network driven by blockchain technology with a number of uses, Algorand is a proof-of-stake blockchain crypto protocol. The ALGO price has increased by 0.17%, 13.18%, and 5.62% over the last hour, day, and seven days to be trading at $0.338.
Algorand’s network was updated recently, which introduced the markets with State proofs. These are nothing but an interoperability standard that provides a simple, quantum secure, and trustless interface that any PoS chain can use without compromising on cost, reliability & security.
Elrond (EGLD)
Elrond, also known as e-gold, is a highly scalable, rapid, and secure blockchain.com 
blockchain.com Crypto trading and Information 
Followers : 1 View profile platform for distributed apps, commercial use cases, and the new internet economy. It has increased by 1.71% over the past 24 hours and is currently trading at $48.10. There was a fall of 0.40% and 6.53% in the previous hour and the previous week, respectively.
Banks are providing e-gold or Elrond. It is a big deal since it shows rigorous investigation anytime a bank, large corporation, or business sells a cryptocurrency. To give any cryptocurrency that is legal, a bank or business must be trustworthy. Elrond cryptocurrency is therefore a big thing for any bank or business to include in their offering.
Wrapping up with an optimistic expectation that the projects discussed above will eventually return to and surpass their previous highs, albeit it will take some time given the current state of the cryptocurrency market. By 2023 and 2024, the price movement is anticipated to improve.
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Shiba Inu Whales Sell Whopping 1.2 Trillion SHIB Tokens In Just Two Days! – Coinpedia – Fintech & Cryptocurreny News Media
The wallet tracker, WhaleStats, has disclosed on its website that the largest Ethereum addresses that hold Shiba Inu meme coins have sold a significant amount of them – more than 1.2 trillion within the past two days. This makes up to $13,000,000 in fiat. Before this, these whales got away with another trillion SHIB.
More specifically, as per WhaleStats, the top 100 Ethereum wallets hold $127,185,426 worth of SHIB, which is $13 million less than the $140 million in SHIB they were holding on Saturday. The crypto equivalent of the sold assets is a net total of 1,207,056,638,811. During last week as well, a similar amount of SHIB – 1,115,879,828,326, was dumped on the market over the weekend.
Ethereum Price Making ab Effort to Rising Above $1400, While a 20% Drop May be Imminent – Coinpedia – Fintech & Cryptocurreny News Media
The bears appear to have not spared the second-largest crypto despite the successful implementation of the Ethereum Merger. The price had surged high to reach $1800 ahead of the merger, while a steep drop dragged the price down heavily. Ever since then, the ETH price is experiencing an acute selling pressure that compelled the price to slice down the crucial support levels over the past weekend.
While the price is believed to recover slightly, the technicals do not appear o be in favor of the bulls. The chart pattern suggests that the asset is due for yet another leg down and may test the levels close to $1000 or even lower very soon. Additionally, the broader crypto market may come under extreme selling pressure shortly as the FOMC meeting is around the corner.
Ethereum price with the recent price action has dropped below the crucial trend line, it followed since it rebounded from the yearly lows. Luckily, the price managed to rebound from the levels just above the lower support, while the bears continue to mount significant selling pressure. Therefore, the possibility of a lower price action emerges as the technicals continue to flash bearish signals.
While RSI has not rebounded from the lower support, MACD displays the revival of the bearish pressure. Moreover, the strength of the ETH price rally also appears to be weak, and hence no specific upward swing may be expected until the end of September.
By not being impacted by any external factor, ETH price shows it of being independent but the market sentiments continue to impact. In the coming days, the second-largest crypto, Ethereum is expected to maintain a slow yet steady upswing that may prevent excessive price drain. But for now, a descending trend appears to be imminent.
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Ethereum Under SEC’s Radar – Claim Authority Over ETH Transactions – Coinpedia – Fintech & Cryptocurreny News Media
Despite U.S. Securities and Exchange Commission’s (SEC) controversial claims over Ethereum (ETH) transactions, it has seen a price jump of 4 percent in the last 24 hours.
SEC filed a lawsuit against Ian Balina, a crypto influencer, on September 19 claiming that he failed to register his digital assets before the 2018 ICO offering.
However, after reading the fingerprint, the crypto observers saw that the SEC was worried as Balina’s crypto transactions took place. The SEC stated that the entire Ethereum network comes under the purview of the US government.
The SEC in its filing stated that the ETH sent to Balina was confirmed by a network of nodes in the Ethereum blockchain and it was majorly “clustered” in the US.
The highest density of Ethereum nodes is currently in the US with around 45 percent, followed by Germany which has around 19 percent of Ethereum nodes, according to data from Etherscan. SEC has claimed its jurisdiction over the global ETH network as the US dominates the overall ETH nodes.
ETH Price
The accusations by the SEC did not discourage the confidence of investors in the ETH. After a significant decline over the weekend, the price of ETH has increased four percent in the last 24 hours and is currently trading above $1,350 levels.
The price jump also comes after the US market showed strength after being low last week. The US market closed in the green on Monday, this comes ahead of the FOMC meeting in the coming days. The investors are expecting a 75 basis point rate hike to control the inflation, but there is a probability of the Feds going further and announcing a 100 basis points rate hike.
The SEC chair Gary Gensler has also hinted that Ethereum staking could trigger the securities laws, after the Merge.
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Goldman Sachs Warn Bitcoin (BTC) Price At Risk Of Dropping To $12K Soon – Coinpedia – Fintech & Cryptocurreny News Media
Today, the overall cryptocurrency market is signaling red along with the total crypto market cap plunging by 2.96% in the last 24hrs as it is positioned at $924.09 billion. This market correction is majorly led by Bitcoin, the world’s largest cryptocurrency by market cap.
Currently, Bitcoin is positioned at $18,980 followed by a loss of more than 3% over the last 24hrs. While the flagship currency is looking out for a strong bull run, the experts at Goldman Sach are predicting the worst scenario for Bitcoin price action.
Economist Jan Hatzius and his team from Goldman Sachs have come up with their analysis of Bitcoin price as the Federal Reserve plans to go ahead with interest rate hikes. As per their prediction, the month of September will witness an increase of another 0.75% and 0.5% in November.
The US Federal Reserve has majorly influenced Bitcoin price action this year which has provoked investors to move away from risky assets. The King currency has experienced a fall of nearly 60% year-to-date and is now struggling to reclaim its $20,000 level. Most analysts are also of the opinion that at present bitcoin has hit its bottom level.
Bitcoin Price At $12,000?
Meanwhile, another expert at Goldman Sachs, Sharon Bell claims that the latest surge in the stock market is a bull trap and warns that the equities will attract a loss of 26% if Fed continues with interest rate hikes.
As per CME data that is reported in the Commodity Futures Trading Commission’s (CFTC) weekly report, it’s exciting to know that the alarms correlate with a massive upsurge in institutional investors’ short positions in Bitcoin.
On the other hand, Bitcoin options which are set to expire by the end of 2022 indicate that most the traders are predicting that the Bitcoin price will plunge near $10,000 and $12,000 level
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Bitcoin Death Cross – Historical Data Hints BTC Price To See Worst Case Scenario Dropping This Level – Coinpedia – Fintech & Cryptocurreny News Media
Investors anticipate that the Federal Reserve will increase interest rates once again this week, which has caused significant losses for Bitcoin, Ether, and the overall crypto market. Despite a bullish shift in the market a day earlier, it was unable to reverse the trend.
Rekt Capital, a well-known crypto expert, expects that the price of Bitcoin might drop below $13,900 and reach $11,500 in the worst case scenario.
The Bitcoin price is currently failing to break the $20,000 mark on a monthly basis, displaying volatility. The $20,000-$23,350 region will mostly determine bulls and bears in this market.
However, the lackluster price movement in September shows that $20,000 is currently acting as a resistance level. The following support levels for Bitcoin are $17,165 and $13,900 if the price of the cryptocurrency falls below $20,000 by month’s end.
After a Death Cross, historically, the price of Bitcoin (BTC) develops a bottom at or below the 200-weekly moving average (WMA). Retracements following the Death Cross have ranged from -42% to -73%.
What does death-cross say?
Therefore, based on previous post-Death Cross retracements and support levels, it is expected that the price of bitcoin would bottom out at roughly $13,900. In the worst-case scenario, the price of bitcoin would fall to $11,500.
The drop looks most likely because the price of bitcoin has already fallen below the 200-WMA and the psychological milestone of $20,000.
However, compared to prior eras, there is a significant change in the market cap size, liquidity, and institutional and retail use of Bitcoin now.
In 2015, there were 547 days before the Bitcoin halving, while in 2018, there were 517 days. The bottom will therefore happen in Q4 of this year if Bitcoin is going to reach its lowest point 517–547 days prior to the planned April 2024 halving.
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Cryptocurrency liquidations Increase due to Investors Fear – Is Worst Yet to Come? – Coinpedia – Fintech & Cryptocurreny News Media
Despite a few positive developments earlier this month, the cryptocurrency market is currently on a downward trend as Bitcoin (BTC) is once again trading below the $20,000 mark. Even while Ethereum successfully accomplished the transition to proof-of-stake, its price has fallen dramatically as well.
Ethereum had earlier decreased below $1,300, while Bitcoin has plummeted below $19,000. In the previous 24 hours alone, the market capitalization of cryptocurrencies has changed by more than6 percent, dropping below $950 billion. Investors had hoped for more encouraging results, especially after patiently enduring a persistent “crypto winter” in 2022. Investors are becoming more fearful as a result of the correlation between the traditional market and macroeconomic problems.
Investors have moved a significant chunk of their money out over the past 24 hours as market indices printed red indexers. Over 124K dealers liquidated more than $420 million in assets from the cryptocurrency market in the last day, according to Coinglass.
The Bitmex market saw the greatest single liquidation of $10 million. In the meantime, the figures indicate that Ethereum, the second-largest cryptocurrency, has seen liquidation of over $161 million. Over the last 24 hours, ETH has experienced the most liquidation. After the Ethereum merge, this was not expected by the investors.
Liquidations on the rise
Over the past day, ethereum prices have decreased by about 4%. ETH is currently trading at $1,340. In order to trade at $1,289, it continued to decline below the critical $1.3k price level. Its 24-hour trading volume has increased by 101% to $20.6 billion, nevertheless.
The largest cryptocurrency, Bitcoin, has also declined by 3% and at the time of publication, the average price of BTC is $19,099. According to the data, almost $120 million worth of money has been transferred out of Bitcoin over the past 24 hours.
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Bitcoin Price Prediction – BTC Price Target for End of Year Will Shock You ! – Coinpedia – Fintech & Cryptocurreny News Media
On Monday, most cryptocurrencies continued to experience losses, as Bitcoin started to fall once more against the US dollar below the $20,000 support level. BTC just dropped below $19,000 and is still at risk of falling as low as $18,000.
The news of Ethereum falling below $1,300 may be more important than the decline in bitcoin. After all, many anticipated that the asset would gain from a rise in price following The Merge. However, it doesn’t seem to be the case in the near future.
By the end of the year, according to Salah-Eddine Bouhmidi, head of markets at IG Europe, the price of Bitcoin may have fallen to $13,500. The biggest cryptocurrency in the world was unable to maintain the $19,000 mark, activating the bearish goal. The bearish flag formation breakthrough is currently “taking shape.”
The largest cryptocurrency fell to an intraday low of $18,390 earlier on this Monday and is now close to hitting and upgrading its June low of $17,600. The performance of Bitcoin is still influenced by the American stock market. At the market’s opening, all major stock market indices declined, with the tech-heavy Nasdaq falling 0.92%.
Bulls come under extreme pressure
Bitcoin continues to be extremely volatile to the overall macroeconomic situation, failing to serve as the portfolio diversifier it was intended to be. Bulls were expectedly put under greater pressure this week ahead of the U.S. Federal Open Market Committee meeting on Wednesday (FOMC).
The market anticipates another 75 basis point rate increase from the Fed. However, Nomura recently projected that fresh inflation data would force the central bank to make a massive 100-basis-point increase.
In light of recent economic data, Goldman Sachs analysts recently predicted that the Fed will quicken the pace of rate increases. Now, according to experts, the central bank will raise interest rates by 50 basis points in November