After its launch, DOGS token experienced a pullback but has since consolidated within a defined range, indicating reduced market interference. Key Observations: - DOGS price holds local support at $0.001, keeping bullish hopes alive. - Consolidation above the crucial support zone ($0.00098-$0.000998). - MACD suggests balanced bull and bear participation. - RSI remains elevated. Near-Term Outlook: - Expected horizontal consolidation before a potential rise beyond $0.00117. - Local support may att
Hamster Kombat Coin Listed on Binance: A Major Step in the Cryptocurrency World Hamster Kombat ($HMSTR) is set to be listed on Binance on September 26, 2024. The announcement has caused a stir among the cryptocurrency community and gamers, especially since it is linked to the success of Hamster Kombat, one of the fastest growing games on Telegram. After its launch, the game gained a huge user base, registering more than 200 million subscribers, a remarkable achievement in a short period of time.
Here’s How Bitcoin Price $BTC Can Beat the Death Cross and Avoid a Massive Crash
Bitcoin price $BTC fell on shaky ground on Saturday . After a rapid move earlier in the week, the largest cryptocurrency briefly dipped below $50,000 before jumping 28%. However, the death cross pattern casts doubt on the continuation of the uptrend as downside risks increase.
Assessing the Impending Bitcoin Price Correction Bitcoin price rose to $62,760 on Thursday . Recovering all losses from Monday’s black swan event. The sharp drop coincided with a sell-off in the stock market due to weaker-than-expected US nonfarm payrolls data . This signals a potential recession in the US. Additionally, the Federal Reserve’s dovish stance on interest rate cuts has created a risky situation, with riskier assets like Bitcoin and stocks facing the heat. $BTC #bitcoin #Binance
Cryptocurrency Market Crash: Causes, Consequences, and Recovery At the beginning of this week, the cryptocurrency market witnessed A gift for all 100 users 😍 Just go to Binance Pay and on a red envelope and on receipt put this code 💸TGWH RAON💸 Copy the code and delete the blank and congratulations, Raaiq 😍❤️ Cryptocurrency Market Crash: Causes, Consequences, and Recovery At the beginning of this week, The cryptocurrency market saw a dramatic decline, with the total market cap falling by 12.5% to $1.97 trillion. Bitcoin, the largest cryptocurrency by market cap, fell to $53,399, while Ethereum dropped sharply by 21.2% to $2,100.
Several factors contributed to the decline. These include weak US economic data, the decoupling of the yen, and large liquidations from institutional traders such as Jump Trading. Collectively, these factors increased market volatility, leading to widespread concern among investors.
However, the market showed resilience, recovering the following day as Bitcoin regained its position above $60,000 and Ethereum recovered to $2,626. Analysts attribute the recovery to the expected interest rate cuts from the Federal Reserve.