Altcoins

Bitcoin’s price showed resilience after a minor dip, with buyers defending the $86,000 level. The market is now focused on the upcoming US PCE inflation data for further direction.

BitMine Immersion Technologies has purchased an additional €170 million worth of Ethereum, solidifying its position as the largest corporate holder with 3% of the total supply. While the price saw a short-term bump, analysts remain divided on ETH’s near-term trajectory.

Bitcoin rallied over the weekend after a steep drop, but a CME gap suggests a potential short-term dip. Altcoins also posted gains.

While the broader crypto market struggles, privacy-focused coins like Monero (XMR) and Zcash (ZEC) are posting significant gains. Renewed exchange listings and growing demand for financial anonymity are fueling their rally.

Learn to identify red flags in crypto projects, such as unrealistic returns and anonymous teams. The article highlights recent scams and failures to emphasize the importance of due diligence for investors.

While Bitcoin and other major cryptocurrencies tumbled, a free grid trading bot on OKX generated a 106% profit on 1INCH for Dutch users, highlighting the potential of automated strategies in volatile markets.

Bitcoin’s price shows a modest recovery, up several percent from its 24-hour low, but analysts caution that the bottom may not yet be in. The RSI indicates oversold conditions, and the market awaits a decisive move.

Dutch crypto analyst Michaël van de Poppe calls the current market the worst since 2018, citing ’total capitulation.’ He attributes the crash to the unwinding of Japan’s carry trade and reveals a painful 75% loss in his own altcoin portfolio.

The cryptocurrency market is experiencing a severe downturn, with the total market cap dropping 7% and over $2 billion in long positions liquidated. While institutional selling continues, some analysts see hope in potential Federal Reserve rate cuts and global stimulus.

Bitcoin has dropped over 8% in the past 24 hours, with XRP and other altcoins also facing significant pressure amid market-wide uncertainty and fears of further declines.