Amid a broader crypto market selloff, concerns over the trajectory of the Bitcoin Exchange-Traded Fund (ETF) have intensified following a recent report signaling a new downtrend for the investment instrument. Notably, the recent announcement from the Deposit Trust Company (DTCC) regarding collateral values for ETFs containing BTC or other cryptocurrencies has fueled concerns among investors. The post Bitcoin ETF To Face A New Downtrend, Here’s Why appeared first on CoinGape .
New memecoins attract significant investor attention. Recent launches show impressive gains despite market trends. Continue Reading: Exploring the Rise of New Memecoins in the Crypto Market
The cryptocurrency market is witnessing notable downturns, particularly affecting assets such as XRP, Cardano (ADA), Chiliz (CHZ), TRON (TRX), and Dogelon Mars (ELON). These digital currencies have shown considerable price drops, aligning them with the market’s bearish trends. Most of these tokens have faced significant losses, positioning them as critical considerations for those looking to The post 5 Crypto Making You Poor In 2024 appeared first on CoinGape .
Shiba Inu, one of the most popular meme cryptocurrencies, has captivated noteworthy attention today as the dog-themed meme token’s burn rate rocketed slightly over 900% in the past 24 hours. Coming in tandem with the token’s current bearish movement, primarily attributed to the broader crypto market’s trend, this surge in the burn rate has ignited The post SHIB Price: Shiba Inu Burn Spirals 900%, Price Recovery To $0.0001 Ahead? appeared first on CoinGape .
Cryptocurrency analysis company QCP Capital shed light on the situation of Bitcoin in the coming week in its statement. Continue Reading: What’s the Latest on Bitcoin? What’s Happening in the Markets? What to Expect Positive Next Week? Here is the Analyst Report
Over the past week, bitcoin has exhibited a downward trend, with its price stabilizing at around $62,950 to $63,125 per unit as of April 27. Despite this dip, the Crypto Fear and Greed Index remains firmly in the “greed” sector. According to Google Trends, interest in the term “bitcoin” has diminished, while the market intelligence
Although robust institutional interest in blockchain is undoubtedly encouraging, projects should know that it’s not their only opportunity to grow.
The world’s largest cryptocurrency Bitcoin (BTC) has come under strong price correction recently after the Bitcoin halving event last week. As of press time, Bitcoin is trading at $62,878 with a market cap of $1.238 trillion. On-chain indicators suggest that despite this price volatility, investors are flocking back to Bitcoin with new non-zero wallets rising The post Bitcoin Wallets Rising Quickly As Active Wallets for These Crypto Drop appeared first on CoinGape .
Following a pullback, the price of Bitcoin has continued on its downward movement. The coin, after failing to break above the 100-day Simple Moving Average (SMA) and the trend line has experienced a drop of over 6% from its previous high. Will the price of BTC continue to move in a downward direction or will it reverse and start moving in an upward direction? As of the time of writing, the price of BTC was trading around $62,972 which is about 28% down from its all-time high and was down by 1.27% in the last 24 hours. Although the price is trading below the 100 SMA on the 4-hour chart, on the daily chart it is still trading above the 100 SMA. Current Condition Of Indicators And What They Suggest Looking at the chart, technically a support level and a resistance level of $59,653 and $67,255 were formed respectively. However, there could be more support and resistance levels created if the price continues to move downward. 4-Hour Moving Average: A technical observation of the chart from the 4-hour timeframe as seen in the image below reveals that the price is trending below the 100-day moving average. This suggests that the price is on a downtrend and could potentially move further downward. 4-Hour RSI indicator: The Relative Strength Index (RSI) indicator here suggests a downward trend as the RSI signal has crossed and is trending below the 50% line as observed on the above chart. The MACD indicator from the 4-hour chart also suggests that the price might continue to move downward as the MACD histograms are trending below the zero line. Both the MACD line and the Signal line have crossed and are trending below the MACD zero line, indicating a bearish trend, as seen in the above image. Possible Outcome With the setup of the above indicators, it can be suggested that the price of Bitcoin is still bearish and that there are possibilities that it could still move further downward. If Bitcoin continues downward and breaks below the support level of $59,653, it could witness a deep correction to create a new support level. However, if the price fails to break below this support level, it could start an upward correctional movement towards its previous level of $67,255 and if it manages to break above this level, the price will begin an uptrend. Featured image from iStock, chart from Tradingview.com
The Hong Kong Stock Exchange has recently expanded its offerings by introducing several new Exchange Traded Funds (ETFs) into its repertoire of CCASS Multi-Counter Eligible Securities. Among these newly included ETFs are Bosera HashKey Bitcoin ETF Shares, Bosera HashKey Ethereum ETF Shares, Huaxia Bitcoin ETF Shares, Huaxia Ethereum ETF Shares, Harvest Bitcoin Spot ETF Shares, The post Bosera HashKey, Huaxia, and Harvest ETFs Join Hong Kong Stock Exchange appeared first on CoinGape .