Author: Alyz Garsia

Bitcoin’s share in the crypto market reached a new record of 58% amid a sudden fall in major altcoins and the stock market crash. In the early trading hours on August 5, Bitcoin dominance reached 58.1%, however, a sudden market crash and sell-off pressure made Bitcoin lose 10% in two hours of trading and ETH fell 18% in the same timeframe. While speaking to a crypto firm, Tony Sycamore, an IG market analyst, says that Cryptocurrency and Bitcoin are hazardous assets, as this market trend is a clear example. Altcoins and the stock market crash The market is experiencing a…

Peter Schiff, a well-known critic of cryptocurrency, believes that Bitcoin has been stuck in a bear market for years. Schiff points out that Bitcoin is down 34% compared to gold since its peak in November 2021. On Saturday, Bitcoin sudden price drop to an intraday low of $59,839, the lowest since July 14. Meanwhile, gold has surged to a new high, surpassing $2,500 per ounce. Earlier this week, Schiff predicted that creditors might push MicroStrategy, the largest corporate holder of Bitcoin, to sell off its Bitcoin holdings. Bitcoin sentiment shifts from greed to fear The latest “Fear and Greed” index…

Crypto traders anticipate Dogwifhat will “likely retest” a key support level as both its price and open interest drop from the last seven days. Since July 27, the Solana-based memecoin Dogwifhat has experienced a significant drop in both open interest (OI) and price. Traders are now bracing for a near-term retest of a critical support level. As of August 3, the open interest (OI) for Dogwifhat (WIF)—which represents the total value of all open futures contracts—has decreased to $252.5 million, down 28% from $353.4 million on July 27, according to CoinGlass. Currently priced at $1.70, WIF has dropped over 35%…

XRP price dips below $0.60 for the first time in over a month. On August 1, it dropped by 4.20%, ending the day at $0.5580. The following day, it fell another 6.5%, continuing its decline. Despite the recent downturn, experts remain hopeful. Many believe a rally could be on the horizon as bullish sentiment reaches a 14-month high. Analysts Remain Hopeful as XRP Faces Regulatory Challenges The last time that the price of XRP went below $0. 57 was on July 19th . On the other side, the broader crypto market extended relatively slightly up by 0. 23%, which will…

BlackRock has dismissed rumors of filing for a spot Solana ETF with the SEC, with executive Samara Cohen stating it’s not happening anytime soon. BlackRock Solana ETF stance: Regulatory shifts and market updates Samara Cohen, BlackRock’s chief investment officer for ETFs, recently told Bloomberg that the firm has no plans to pursue a Solana ETF anytime soon. She mentioned that there isn’t enough demand from clients and that the Solana ecosystem isn’t mature enough yet. “For us, both between investability considerations and also what we hear from our clients, BTC and ETH definitely meet that bar,” Cohen stated. “I think…

The crypto market is curious about the recent whale activities, expecting something big to happen. During the volatile market, some whales are trying to sell their holdings to book some profit, and some are transferring USDTs to hold some assets. On July 30, 3 different whale activities grabbed the attention of the audience when they collectively transferred 175.4 million USDT to the world‘s leading exchange, Binance. This news burst out when the Bitcoin price dropped from around $69K to $66.9K. The transfer of assets is made through the Ethereum blockchain at different times between 03:11:59 UTC to 04:33:59 UTC. The…

August is set to see a significant influx of crypto tokens, with nearly $1.5 billion worth being released. A major portion of this will come from XRP, with 1 billion tokens—valued at $609 million—unlocked on August 1st. Since 2017, Ripple, the company behind XRP and the XRP Ledger, has been consistently releasing 1 billion tokens at the start of each month. They utilize two primary wallets, Ripple (24) and Ripple (25), to evenly distribute these tokens monthly. Other big token releases in August include those from Avalanche and Wormhole, totaling $449 million, according to Token Unlocks. Wormhole will unlock 600…

The price of Uniswap can go bullish soon through the horizontal breakout, yet the death crossover of UNI and a massive deposit by the team can act as bearish signals. The cryptocurrency market oscillated in the middle of the week, with Bitcoin starting at $63,424 before moving to $68,252. In this wave, Uniswap had a bearish breakdown from the $7 support level and then rebounded 10% to $7. 734, thus increasing its market capitalization to $4.63 million. However, there are concerns that a correction has occurred recently due to a massive UNI token deposit from a Uniswap team wallet. Key…

Bitcoin (BTC) is in a tough spot with bulls unable to hold $65,000 for long due to continuous selling pressure. Slight support at the 50-day SMA could indicate stabilization, but further losses toward $62,000 are possible while selling pressure persists. Crypto liquidations rise sharply as Bitcoin and Ether prices crash, causing widespread disruption in the market. This decline comes at a time when other markets in the US are also declining, with the Nasdaq Composite Index dropping by more than 3%. Bitcoin BTC Bitcoin (BTC) continued to drop along with other cryptocurrencies, causing a significant fall in the overall US…

Shiba Inu (SHIB) could be gearing up for a solid recovery as whales return to the network. Whales are moving large amounts of money between their wallets, The trending coin SHIB saw 1.56 trillion tokens traded in 24 hours. Shiba Inu is showing signs of improvement on several key metrics. This could mean a big jump in activity or just a general bounce back after a quiet weekend. Shiba Inu is currently trading at $0.00001738, which shows it’s stabilizing after a long period of decline. Recently, large transactions and overall trading volume have gone up, suggesting that big investors are…