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Crypto Market Experiences Largest Sell-Off in a Year
August 04, 2024 07:00 AM PDT| By Team Kalkine MediaThe cryptocurrency market has recently endured its most severe three-day sell-off in nearly a year, erasing approximately $510 billion from its total market capitalization since August 2. This dramatic downturn in,cryptocurrency,has been influenced b...
2 Challenges Facing Solana and Other Altcoin ETFs
August 04, 2024 07:00 AM PDT| By Team Kalkine MediaThe possibility of Solana and Cardano being approved as spot exchange-traded funds (ETFs) in the United States faces significant hurdles, according to Katalin Tischhauser, head of investment research at Sygnum Bank. Tischhauser's comments echo a broa...
Is Bitcoin Heading Toward a New Price Peak?
August 04, 2024 07:00 AM PDT| By Team Kalkine MediaBitcoin, the leading cryptocurrency, is currently experiencing significant speculation regarding its potential macro price top. Analysts are divided on whether (,Bitcoin,) could reach as high as $120,000 or if the price peak will be more conservative...
Bitcoin Targets $58K CME Gap After 8% Price Drop
August 04, 2024 07:00 AM PDT| By Team Kalkine MediaBitcoin's recent descent below $59,000 marks its lowest point since mid-July, reflecting a continuation of intense selling pressure in the market. The cryptocurrency has struggled to maintain upward momentum amid a backdrop of increasing bearish sent...
Bitcoin’s Wyckoff Pattern Signals Rebound Despite Market Uncertainty
August 04, 2024 07:00 AM PDT| By Team Kalkine MediaThe current Bitcoin sell-off, driven by escalating recession risks in the United States, casts a shadow over the cryptocurrency’s near-term outlook. Despite (,Bitcoin,)’s recent decline, which has seen it fall below $60,000—a drop of over 4% in the p...
Will Ethereum Price Drop Below $2.8K?
August 04, 2024 07:00 AM PDT| By Team Kalkine MediaEthereum (ETH) is currently at a pivotal point that could influence not only its own price trajectory but also impact (Bitcoin) market dynamics. Traders have identified a crucial support level for Ether, and its ability to maintain this level could d...
Grayscale Ethereum ETF Faces More Than $2B in Outflows
August 04, 2024 07:00 AM PDT| By Team Kalkine MediaA significant shift was observed in the flows of spot Ethereum exchange-traded funds (ETFs), with the Grayscale Ethereum Trust (ETHE) experiencing substantial outflows. This development comes amid broader changes in the ETF landscape, reflecting a co...
Will Bitcoin Be Used for $35T National Debt Repayment?
August 04, 2024 07:00 AM PDT| By Team Kalkine MediaFormer President Donald Trump has recently proposed an unconventional approach to address the United States’ burgeoning national debt, suggesting that,(Bitcoin),or a “crypto check” could be utilized to manage the staggering $35 trillion liability. In...
Crypto Hackers Buy Ethereum Dip with Illegally Acquired Funds
August 04, 2024 07:00 AM PDT| By Team Kalkine MediaIn a striking development, cryptocurrency hackers have capitalized on the recent market downturn by purchasing 16,892,Ether,(ETH) at a significant discount using stolen funds from the 2022 Nomad bridge hack. This opportunistic move highlights the ong...
5 Bitcoin Insights for this Week
August 04, 2024 07:00 AM PDT| By Team Kalkine MediaIn an unprecedented downturn, Bitcoin has suffered a dramatic $20,000 decline within a week, while,Ethereum,has retreated by nearly 40%. This sharp drop in cryptocurrency values coincides with a sweeping correction across global stock markets, highli...
Bitcoin Falls Below $50K as Crypto Market Plunges 17%
August 04, 2024 07:00 AM PDT| By Team Kalkine MediaBitcoin has experienced a significant decline, falling below $50,000 for the first time since February. The cryptocurrency hit a low of $49,351 before a modest rebound toward $51,000. As,Bitcoin,'s dominance soars to 58%, the broader cryptocurrency m...
Crypto Futures Face $840M in Liquidations as Bitcoin Plummets and Ether Sees Largest Drop Since 2021
August 04, 2024 06:53 AM PDT| By Team Kalkine MediaHighlights:,The market sell-off led to over $840 million in liquidations for crypto-tracked futures in the past 24 hours, with (Ether) (ETH) futures alone accounting for $304 million.,More than 200,000 traders faced liquidations, including the larges...
Bitcoin Price Falls to $62K Support, but Derivatives Metrics Suggest Bullish Signs
August 01, 2024 10:50 PM PDT| By Team Kalkine MediaBitcoin’s price has recently experienced a correction, dropping 5.5% between July 31 and August 1, reaching a low of $62,498. This decline marks the,cryptocurrency,’s lowest level in over two weeks. The price movement is attributed to reduced expecta...
How Long Will Bitcoin’s Price Consolidation Continue?
August 01, 2024 10:49 PM PDT| By Team Kalkine MediaBitcoin’s price has experienced a prolonged period of consolidation since the halving event on April 20, 2024. The,cryptocurrency,has been trading within a range of $58,000 to $72,000. Despite the current price stagnation, analysts suggest that a sig...
Ethereum’s Strong $2,860 Support May Lead to a $4,500 Target
August 01, 2024 10:43 PM PDT| By Team Kalkine MediaEthereum has demonstrated notable resilience, maintaining a support level of $2,860 that has been tested multiple times since early July. According to insights from Deribit, the recent approval of,Ethereum,exchange-traded funds (ETFs) is poised to pr...
Is Crypto Ready for Its Next Phase?
August 01, 2024 10:40 PM PDT| By Team Kalkine MediaThe recent launch of spot Bitcoin and Ether exchange-traded funds (ETFs) in the United States has generated significant interest, but crypto has yet to break out beyond its core investor base. The approximately $60 billion invested in these funds thi...
Why Is Solana (SOL) Price Sinking?
August 01, 2024 10:36 PM PDT| By Team Kalkine MediaWhy Is Solana (SOL) Price Sinking?,Solana’s price has experienced a significant decline, dropping 8% within a 24-hour period and currently hovering around the critical support level of $165. This sharp movement has triggered a liquidation of over $40...
Will Bitcoin Price Rise After Bank of England Rate Cut?
August 01, 2024 10:35 PM PDT| By Team Kalkine MediaIn a notable shift from prolonged monetary tightening, the Bank of England (BoE) recently announced its first interest rate cut in over four years. The 0.25% reduction, bringing the current rate to 5%, represents the end of a period marked by elevate...
Bitcoin Hits 2-Week Lows Despite 100% Odds of Fed Rate Cut
August 01, 2024 10:32 PM PDT| By Team Kalkine MediaBitcoin's price remained subdued following the Federal Open Market Committee (FOMC) meeting, with lingering concerns over liquidity and market sentiment continuing to dominate the,cryptocurrency,landscape. Despite the Federal Reserve's dovish stance...
Marathon Digital Shares Dropped 8% Following Disappointing Q2 Results
August 01, 2024 10:31 PM PDT| By Team Kalkine MediaMarathon Digital Holdings Inc., a prominent player in the Bitcoin mining sector, has once again fallen short of Wall Street’s earnings expectations for the second quarter of 2024. The company’s stock experienced an 8% decline focllowing the release o...
