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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

The Pepe price plunged 7% in the last 24 hours to trade at $0.000007419 as of 00:42 a.m. EST on trading volume that jumped 29% to $902 million. Pepe is the top loser among the top three meme coins by market capitalization, as DOGE and SHIB only plunged 1% each. This comes after the meme coin space dropped 2% to a $37 billion market capitalization, according to Coingecko . According to on-chain data by IntoTheBlock , the Pepe market has currently turned mostly bearish, with only 50% of the holders making money at the current price. Pepe Price Aims For A Breakout According to GeckoTerminal data, the Pepe price dropped from July 29 to August 5, from a $0.00001216 resistance to the $0.0000060 support. The bulls then used the support to push the price up but encountered some resistance at the $0.000008622 level. Pepe has been trading below this level, as the asset trades within a consolidation phase and within a sideways pattern, as investors look for a break, either below o...

Bitcoin analysis increasingly believes that this cycle's BTC price lows are done and dusted. Bitcoin (BTC) consolidated higher on Sep. 15 as analysis described recent BTC price behavior as “textbook.” BTC/USD 1-hour chart. Source: TradingView Analyst on Bitcoin: "September is not Rektember" Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency focusing on $26,600 — below a key breakout level. Bitcoin had shrugged off the latest United States macroeconomic data reports the day prior, joining traditional markets in heading higher despite hints that inflation was more stubborn than expected. Amid a renewed bullish mood, Michaël van de Poppe, founder and CEO of trading firm Eight, was hopeful that BTC/USD would avoid new lows. “Bitcoin might be able to activate a potential bullish breakout, although we need to make sure that it doesn't retest the lows again,” he wrote in part of a dedicated post on X (formerly Twitter) on Sep. 14. Referenc...

Weaker U.S. financial system has raised BTC bulls’ odds of profiting $780 million on April 28 options expiry. Bitcoin (BTC) price broke above $29,800 on April 26, totaling 9.6% gains in 24 hours, reaching as high as $30,024 on Bitstamp. Some commentators argue that the 50% drop in First Republic Bank (FRB) shares on April 25 has been the catalyst for Bitcoin’s rally. Bitcoin gains from banking crisis  Despite the positive shift, its price remains 22.5% down in twelve months, which explains why bulls are far from optimistic.  The FRB debacle comes after the bank’s earnings report, which showed that clients’ deposits shrank by 40.8% during the quarter as customers pulled out their money. Notably, the bank received a $30 billion cash injection in March, but the quarterly outflows topped $100 billion . On the other hand, the U.S. Federal Reserve signaled that it would hike interest rates above 5%. By increasing the cost of capital, the central bank might succeed in taming inflation, but ...

BTC price upside depends on whether two long-lost moving averages can be flipped to support, Bitcoin analysis predicts. Bitcoin (BTC) faces a sink-or-swim resistance test to confirm its "macro breakout," new Analysis says. In a tweet on Feb. 2, on-chain monitoring resource Material Indicators flagged key levels to flip to support after BTC/USD spiked above $24,000. Bitcoin price gears up for trend line showdown In what was ultimately a boon for Bitcoin bulls, the United States Federal Reserve delivered what risk-on traders wanted to hear on Feb. 1. With Chair Jerome Powell using the word “disinflation,” hopes immediately began to bet on rate hikes ending sooner and easier monetary conditions returning in their place. The mood was palpable a cross crypto, with BTC price action reversing an initial drop to see new six-month highs of $24,250 on Bitstamp. While a subsequent correction took the largest cryptocurrency around $500 lower, the mood has since stayed buoyant. For the...