The Bitcoin network seems like a ghost town, with its activities falling to the lowest level in a year. A Bitcoin Network Activity Index from the market analytics platform CryptoQuant hovers around 3,760, the lowest since February 2024, indicating that activity on the leading blockchain has plunged 15% since its November 2024 record high. According to a weekly CryptoQuant report, …
Read More »S&P Plunges on Inflation Fears
Advertisment The S&P 500 moved lower on Friday as recent consumer sentiment data fueled concerns around inflation. The Dow Jones Industrials lost 71.86 points to 44,675.77. The much-broader index dumped 12.15 points to 6,071.42 The tech-heavy NASDAQ gave back 100.74 points to 19,691.26. Amazon lost 2%, weighing on sentiment. Guidance from the e-commerce giant disappointed …
Read More »ETH Price Plunges Below $2,800: Will Bulls Push for $3,400 Comeback?
Key Notes Market sentiment shifts bearish as futures traders favor short positions, though institutional investors maintain confidence through sustained ETF investments and major purchases. Layer-2 solutions and competitive blockchains challenge Ethereum’s dominance, while internal governance issues and the upcoming Pectra upgrade create uncertainty. The institutional backing remains strong with $487 million in ETF inflows since January 30, alongside strategic purchases …
Read More »Shiba Inu (SHIB) Burn Rate Plunges 97.77% amid 18% Price Crash: What’s Next?
Key Notes Shiba Inu (SHIB) crashed a whopping 18% in the past 24 hours while its burn rate crashed a significant 97.77%. SHIB is trading at $0.00001449 with a 317% surge in trading volume and needs to reclaim $0.000020 as support level. Shytoshi Kusama dropped a 23-second video hinting that “something big is coming”. Shiba Inu SHIB $0.000015 24h volatility: …
Read More »Dogecoin (DOGE) Plunges to $0.20: Is This the Bottom or More Pain Ahead?
Dogecoin declined heavily below the $0.280 support against the US Dollar. DOGE is now recovering and might face hurdles near $0.270. DOGE price started a fresh decline below the $0.2850 and $0.2650 support levels. The price is trading below the $0.280 level and the 100-hourly simple moving average. There is a major bearish trend line forming with resistance at $0.270 …
Read More »Solana Plunges 12%, But This Pattern Could Mean Decline Isn’t Over Yet
Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been …
Read More »BTC Plunges Below $91K for the First Time Since November, Leaves $500M in Liquidations
Just a few hours ago, bitcoin’s price was close to breaking above $96,000, but the bears took complete control of the market, and the asset dumped to its lowest level since November 26. The altcoins are in a state of freefall as well, with ETH beneath $3,100 and XRP under $2.4, while ADA, SUI, and many others have plummeted by …
Read More »Apple’s Sleek and Powerful iPad Air 6 Plunges to Its Best Price
Apple’s new M2 iPad Air is a great choice for those who want an excellent blend of power and sleekness but at $599, it’s not exactly an impulse buy. If you’ve been on the fence before, the 11-inch with 128 GB storage is now on sale at Amazon and Best Buy for $100 off (17 percent). That means you’re getting …
Read More »Tema plunges over 20%, AI Companies is up more than 66%
Tema may garner attention on social media with over 2.7 million TikTok fans tuning in to watch the beloved raccoon, but as a meme coin, it’s trending for the wrong reasons. Tema (TEMA), at last check Sunday, was down about 24% and trading at $0.04046. It currently has a market cap of $40.5 million, a circulating supply of more than …
Read More »Crypto Trading Volume Plunges 64% In The Past Week — What’s Happening?
There was a good level of optimism in the crypto market heading into the past week, with many investors speculating on a potential “Xmas Rally” for Bitcoin. While the premier cryptocurrency did make a play for the $100,000 mark on Christmas day, it didn’t take long for the bears to resume control. It was pretty much the same story for …
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