The crypto market experienced a shock when the stablecoin UST and LUNA of the Terra ecosystem fell flat to zero. On the 10th of May, the price of LUNA started falling, this made a lot of traders see the asset as a good deep to buy – not knowing it was a falling knife to be … Read more
A huge move lower from $69,000 in November 2021 to around $24,300 in May 2022 in Bitcoin’s (BTC) price has resulted in a sell-off turmoil across the crypto market. Unfortunately, the bearish sentiment has not even spared stablecoins, so-called crypto equivalents of the U.S. dollar, which have been unable to stay as “stable” as they … Read more
The general crypto market has followed suit with significant losses that have led the market worth to go below $1.46 trillion. Investors and analysts are divided on whether it is the start of a prolonged bear trend or a temporary dip as Bitcoin continues a downtrend. LUNA, which depends on TerraUSD, dived from $87 to … Read more
Bitcoin and all other crypto are still trending downwards while fear surrounding the global macroeconomic environment escalates. Losses could accelerate as cryptocurrencies appear to breach vital demand zones. Many traders and investors are at a great loss right now. The market fear and greed index is now in extreme fear. The negative sentiment is being fueled by massive liquidation volume, which now sits at almost $300 million.
The Crypto market is in a strong correction, Bitcoin (BTC) is aiming to hold above $37,000 levels. The correction that occurred during the weekend to till now has made a lot of cryptocurrency prices go down and especially the meme coins. A lot of meme coin prices have gone down by 30%, 40%, and 50%. … Read more
The crypto market has suffered a great liquidation as the market takes a downtrend. While the crypto economy shed billions this week, the total value locked (TVL) in decentralized finance protocols slipped under the $200 billion range to $196.6 billion. The TVL in defi lost roughly 3.16% during the last day, and the $592 billion … Read more
itcoin bulls are attempting to reclaim the $40,000 level and if this happens, memecoins will also rally up from their previous position. The bearishness that the market displayed last week has made a lot of traders fearful, the fear and greed index is in the fear zone. Would this week push the price of bitcoin rally to $43,000 or there is going to be a leg down to the $37,000 support zone?
Bitcoin (BTC) has accelerated its uptrend as the market is adopting a risk-on approach. This, therefore, means that looking for higher beta alt-coins is wise, aiming to find strength in the market. There are four different cycles the market goes through whilst rising, one of which is the meme-coin cycle.
This week has brought more pumps to the market by exploding the market cap to $2.26 trillion. We began to see the emergence of a lot altcoins like Ride doing 15x and Gal doing 10x return on investment. This has made fuel come to memecoins as they started to gain momentum and having a parabolic … Read more