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Red is everywhere in the cryptocurrency market. Bitcoin (BTC), the leading digital asset, recorded a 17% monthly correction, ending a seven-month bullish streak. Last week’s 14% correction and 24-hour drop of 8% sustained, with BTC on Wednesday at $57,258.Previous reports suggested that bitcoin price There is a possibility that the price may fall further below the $60,000 support in search of a post-halving bottom. Potential liquidity levels include $56,000 and $52,000.Investors eyeing Bitcoin ahead of a possible 2024 bull run should consider several reasons to buy Bitcoin, including halving, ETFs, and general technical market structure. .1. Bitcoin halvingBitcoin's third halving…

A closely watched cryptocurrency strategist is predicting that one of Ethereum's (ETH) competitors could see a massive rally following a market correction. Pseudonymous Analyst, Altcoin Sherpa To tell His 215,600 followers on social media platform There is. “SOL: As long as the alternative market continues to bleed, $120 may be the next thing to look at. That being said, I still feel strongly that SOL will go above $500 this year. Dollar The cost is average, so please wait for a while. Source: Altcoin Sherpa/X Solana is trading at $125 at the time of writing, down nearly 7% in the…

Cryptocurrency markets started May's new month in the red, with Bitcoin prices falling below $56,500, a two-month low.This decline extends the downward trend from April, making it the most difficult month for Bitcoin since the November 2022 crash triggered by the collapse of the FTX exchange.red marketaccording to crypto slate According to the data, the price of Bitcoin has fallen by about 8% in the past 24 hours, but has rebounded slightly to $57,115 at the time of writing.Bitcoin's decline reflects broader market trends, with major cryptocurrencies such as Solana, Ethereum, Cardano, and Avalanche each suffering losses of more than…

Bitcoin's recent decline has cast a shadow over the entire cryptocurrency market. When Bitcoin falls, most alternative coins, or altcoins, also fall, causing widespread losses. Ethereum recently topped $3,300 but is currently below $3,200, marking a 4% daily decline. But it's not just Ethereum. Other major altcoins such as Solana, Dogecoin, and Cardano are also down in the range of 5% to 8%. While some altcoins are holding up better, others like CORE, PEPE, GALA, and FLOKI have been hit harder. This overall downturn resulted in a significant decline in the market capitalization of cryptocurrencies, dropping by more than $60…

Investing.com — Bitcoin prices fell further on Wednesday, briefly falling below a key support level as traders continued to shy away from speculative assets such as cryptocurrencies on expectations for the Federal Reserve meeting. Recent data showing continued outflows from Bitcoin investment products, particularly exchange-traded funds (ETFs), also weighed on sentiment, while the launch of a new spot crypto ETF in Hong Kong also weighed on sentiment. There were few bright spots. It has fallen sharply over the past 24 hours, dropping to $56,500 by 6:34 pm ET (10:35 p.m. Japan time). Traders expected to prefer dollar over bitcoin due…

The altcoin leader ETH price started 2024 on a strong note by adding more than 79.34% in valuation, resulting in the price hitting a high of $4,094.75. After trading sideways for a while, the bulls lost momentum and the price has been trading under bearish influence ever since. Furthermore, the global market capitalization of the cryptocurrency industry registered a 9.87% correction in the past day, dropping its valuation to a two-month low of $2.10 trillion. Ethereum token breaks down its key support levels: Ethereum price continues to show strong bearish influence, recording a 9.55% correction over the past day. Furthermore,…

The process of choosing the right crypto exchange can be complicated. But first and foremost, investors should look for a safe exchange. As cryptocurrencies grow in popularity, they are becoming increasingly targeted by hackers. Many major exchanges have suffered hacking losses in the tens of millions. Exchanges often compensate those whose coins are stolen through insurance, but investors likely want to avoid finding themselves in such a position in the first place. That's why it's important to minimize that risk and invest only on trusted exchanges. Investors can distribute their crypto purchases across multiple exchanges or transfer their crypto from…

Bitcoin and other cryptocurrencies plunged along with stock prices on Wednesday amid growing market concerns. Digital asset prices are below key technical levels, suggesting further declines are possible. Bitcoin price fell 8% in the past 24 hours to $57,200. It was previously trading around $56,500, which is about $10,000 below the 50-day moving average of around $66,500, indicating significant technical market weakness. His largest digital asset was as recently as Tuesday he held nearly $62,000… Bitcoin Amid market concerns, other cryptocurrencies also fell sharply on Wednesday, falling along with stocks. Digital asset prices are below key technical levels, suggesting further…

LONDON: Bitcoin fell almost 6% on Wednesday, posting its worst monthly performance in April since late 2022 as investors pulled money out of the cryptocurrency ahead of the Federal Reserve's interest rate decision. . The value of the world's most traded cryptocurrency fell nearly 16% in April as investors booked profits on a ferocious rally that took its price to an all-time high of more than $70,000.Bitcoin fell as much as 5.6%, hitting its lowest price since late February. While the most recent drop was 4.8% to $57,001, Ether's losses were smaller, dropping 3.6% to $2,857, also its lowest since…

Bitcoin was trading 16% below the ATH recorded in March. Further declines could be potentially dangerous for the overall market. Bitcoin [BTC] It fell below $60,000 during U.S. trading hours on Tuesday, extending a series of losses in what has been one of the worst months for the crypto market in recent memory. bloody april The world's largest digital asset fell nearly 5% in 24 hours, according to data from CoinMarketCap. As of the end of April, the monthly discount was 14.5%. As of this writing, the stock is trading above $58,000, down 16% from its all-time high (ATH) set…