-
SHIB, DOGE, WIF Dive Amidst Widespread Market Drop
TL;DR The meme coin sector has seen a significant downturn, with its market cap shrinking by around 5% in the past 24 hours. Despite the downturn, the upcoming Bitcoin halving may trigger a rally, offering a potential rebound for meme coins due to their volatility and tendency to follow BTC’s price trends. The Meme Coin…
-
$1.72 Billion Worth of Bitcoin Transferred to Accumulation Addresses Following Drop Below $63,000: Data
A recurring pattern that has been observed during each Bitcoin halving is volatility. With the following event right around the corner, Bitcoin dumped over 10% in the past week, sliding to $62,778. But despite a series of price corrections, the accumulation game remains strong among Bitcoin holders. Accumulation Addresses See Record Bitcoin Inflows Popular crypto…
-
The Future of XRP After the Recent Price Drop
After undergoing a significant decline, breaching multiple crucial support levels, Ripple’s price has found stability near the important $0.5 mark. However, the cryptocurrency is currently in a sideways consolidation phase around this threshold, displaying minimal volatility. By Shayan The Daily Chart A detailed analysis of the daily chart indicates that after a substantial downward movement,…