Crypto Market Remains Greedy Despite Bitcoin Price Crash To $94,000, Is A Recovery Coming? The cryptocurrency market remains confident despite a significant drop in the Bitcoin price to $94,000. Analysts on social media and TradingView predict a broader market recovery despite the current correction. The Crypto Market Fear and Greed Index shows greed, indicating investor … Read more
Cryptocurrency Market Volatility Rises as U.S. Stocks Turn Lower The cryptocurrency market experienced a sharp downturn due to U.S. stock market volatility. Bitcoin and Ethereum saw significant declines, with Bitcoin dropping 4% in 24 hours, and Ethereum falling by 7.1%. Factors driving the volatility included skepticism about the Federal Reserve’s ability to manage inflation and … Read more
Down Big: Crypto Scamming Numbers Reduced In 2023 In 2023, the crypto market faced challenges at the beginning of the year but saw a recovery with increased bullish sentiment. There was a decrease in crypto scamming and illicit activity, with a significant drop in value received in cryptocurrency addresses used for illicit activities. The report … Read more
Bitcoin’s on-chain metric, the Spent Output Profit Ratio (SOPR), suggests that there may be more downside for the cryptocurrency before a rebound occurs. Currently, short-term holders (STH) are selling their coins at a loss, indicating that loss-taking is dominant in the market. The 30-day moving average (MA) Bitcoin SOPR has recently dipped below the support … Read more
