Bitcoin saw a sharp 4% drop today, falling below the $67,000 mark. Historically, Bitcoin has faced challenges during the third quarter, with an average return of 6.49% and a median return of -2.57%. Beware! Historically, #Bitcoin has struggled in Q3, with an average return of 6.49% and a median return of […]
Tag: cryptocurrency
Ethereum Drops 5% Amidst Heavy Selling By Ethereum Foundation Wallets
Ethereum experienced a significant 5% decline today, dropping below the $3,500 mark. Recent activity from wallets linked to the Ethereum Foundation has contributed to the downward pressure on $ETH. In the past week, three wallets associated with the Ethereum Foundation have been actively selling Ethereum. Two of the foundation’s primary […]
Pendle Drops 7% Amidst Significant On-Chain Movements
Pendle’s value plunged 7% today, coinciding with notable on-chain activities involving major $PENDLE holders. A previously inactive whale moved 755,000 $PENDLE, valued at $3.83 million, to Binance. This whale still holds 4.27 million $PENDLE, worth approximately $21.7 million, with an estimated total profit of $22.8 million, reflecting an 843% gain. […]
Litecoin Sees Decline Despite Surge In Network Activity And Potential Rebound Indicators
Despite a 4% decline today and a 7% drop over the past week, Litecoin has experienced a significant increase in network activity. Over the past week, Litecoin averaged approximately 704,000 unique addresses interacting on the network, a substantial rise from the 345,000 addresses averaged throughout May. This more than doubling […]
TRON PRICE ANALYSIS & PREDICTION (June 11) – TRX Forms New Bullish Pattern Despite Market Drawdown, Up 5% Weekly
Against the latest market trends, TRX is up and strong on the daily chart following a consistent increase since last weekend. If trading volume increases, we can expect it to gain more traction in the next few days. Tron went through ups and downs in the past months but has […]
Justin Sun Allegedly Deposits $21M In DeFi Tokens To Binance, Poised For Significant Profits
In the past 30 minutes, Justin Sun, the founder of TRON, allegedly deposited $21 million worth of four DeFi tokens to Binance. The tokens include:- 93,979 AAVE valued at $11.26 million 3,800 MKR valued at $9.3 million 4,178 COMP valued at $245,000 203,623 LQTY valued at $217,000 If Sun decides […]
Digital Asset Inflows Surge With Bitcoin Leading The Pack, Bullish Indicators Point To Continued Rally
Last week, digital asset investment products experienced significant inflows totaling $2 billion, pushing the cumulative inflows over the past five weeks to $4.3 billion. Bitcoin led this influx with a substantial $1.97 billion, while Ethereum saw its largest weekly inflow since March, totaling $69 million. Last week, digital asset investment […]
Whale Loses $283K In ENA Token Trade, Highlighting Risky Timing In Crypto Investments
A notable cryptocurrency whale recently experienced a significant loss trading ENA tokens. Six days ago, just before the price of ENA rose above $1, the whale invested 1.6 million USDC to acquire 1.62 million ENA tokens. However, the market turned against them. With the price dropping 23% over the past […]
Litecoin Dips Below Key Support Level, Potential For Brief Price Spike Amid Downtrend
Litecoin (LTC) experienced a sharp decline, tumbling 11% on Friday and closing with a 4% loss, dipping below the crucial $83 support level. Despite this downturn, there may be a brief spike in price within the overall downtrend, potentially correcting to the $83 range. 📉 #Litecoin tumbled 11% on Friday, […]
ETHEREUM PRICE ANALYSIS & PREDICTION (June 10) –ETH Eyeing $3,600 As The Next Crackdown Level, Can It Hold?
Ethereum’s ETH outlook remains bullish on the daily chart despite posting notable losses in the past week. However, it is currently on the verge of losing a key support level to retest a recently broken resistance line. The past month saw Ethereum through a sudden surge through the $3k level […]
BITCOIN PRICE ANALYSIS & PREDICTION (June 10) – BTC Stays Calm Under $70k To Negotiate Next Major Move, Where?
Following the recent shakeout in the global market, Bitcoin BTC lost a key psychological level and closed at a loss last week. It is still weak on the day, looking for solid ground to resume its bullish trajectory. Last Friday came with a big shockwave in the entire crypto […]
POLKADOT PRICE ANALYSIS & PREDICTION (June 10) – DOT May Break Lower If This Crucial Support Fails To Hold
Polkadot DOT faced resistance this week and posted a double-digit loss following a crackdown across the crypto space. This brought the price back to last month’s low, invalidating its recent bullish build-up. DOT halted its bullish continuation this week after failing to sustain buying above the $7.3 level, which is […]
ARBITRUM PRICE ANALYSIS & PREDICTION (June 10) – ARB Bounces Off $0.9 In The Latest Dip, Can It Hold As Solid Support?
The recent meltdown has put Arbitrum ARB in a more bearish condition as it lost a key level. While providing a discount for a long-term buy, it has found support and now decides on where next to head on a daily scale. After witnessing a short bounce, ARB saw a […]
Whale Takes Hit As ENA Position Shifts Amid Market Downturn
A significant player in the crypto market recently made waves by opening a sizable position in $ENA, acquiring 5.11 million tokens at an average price of $0.9804 just three days ago. However, in a surprising move, this whale or institution swiftly recharged all tokens to Binance a mere eight hours […]
Friend Tech Sees Sharp Decline Despite Daily Gain, Major Investor Faces Losses
Despite a 10% increase in value today, Friend Tech has faced a significant decline over the past month, dropping 57% in the last 30 days and 21% in the past week. On-chain reports from data tracking platform Lookonchain reveal that prominent investor Machi Big Brother (@machibigbrother) has been actively purchasing […]
Ethereum Dips Below $3700 As Major Whale Activity Sparks Profit-Taking Concerns
Yesterday, Ethereum, the second-largest cryptocurrency by market capitalization, saw its value decline by 3%, dropping below the $3700 mark. A significant move by a whale, who accumulated a substantial position in Ethereum seven months ago, is suspected to be a major factor. This whale recently deposited 7,916 ETH into the […]
Bitcoin Long-Term Holders See Minimal Losses Amid Strong Support And Positive ETF Inflows
Bitcoin’s long-term holders (LTH) are seeing negligible losses, with only 4,900 BTC, or a mere 0.03% of the total LTH supply, acquired above the current spot price. This minimal loss highlights the small number of holders who bought at the peak of the 2021 cycle and have held their positions […]
LITECOIN PRICE ANALYSIS & PREDICTION (June 8) – LTC Signals Bearish Amid Latest Dip, Breaks Down From a Wedge
As expected last week, Litecoin initiated a surge yesterday and dropped below a wedge pattern, confirming a bearish pennant breakdown on the daily chart. it appeared weak and now follows a bearish sentiment. The last two months of trading have been an interesting period for LTC as it regained momentum […]