Dogecoin price risks 40% correction despite Elon Musk-Twitter euphoria

Dogecoin (DOGE) prices flipped higher in the last 24 hours after its most celebrated backer Elon Musk purchased Twitter for $44 billion. At its best, Dogecoin had climbed to $0.17 on April 25, albeit still down 77% from its record high in May 2021. Twitter’s native currency: Dogecoin? DOGE’s price rose by nearly 25% to $0.15 […]

History Shows That Ethereum Is on the Verge of a Brutal 6-Month Correction

Historical analysis shows that Ethereum is on the verge of a brutal six-month correction after nearly doubling since the start of the year. Ethereum Is Primed to See a Six-Month Correction Ethereum is primed to see a six-month correction, despite rallying by nearly 200% since March’s capitulation lows. An analyst recently shared the chart below […]

Bitcoin Price Drops to 2-Week Low After Sell-Off Triggers $800 Correction

Bitcoin (BTC) fell to a two-week low today as ranging price action below $10,000 gave way to fresh bearish behavior. Cryptocurrency market daily overview. Source: Coin360 BTC price drops 8% to test $9,000 Data from Cointelegraph Markets and CoinMarketCap showed BTC/USD giving way during Thursday trading to fall through $9,500 support. After fluctuating around the […]

Bitcoin Capitulation Among Small Miners is Starting, Making a Correction Likely

Small bitcoin miners are selling more tokens than they mine, according to weekly data provided by ByteTree. They produced 5,888 BTC on a weekly adjusted timeframe but sold 6,473 BTC to offset their operational costs. The trend, coupled with bearish technical fractals, amounts to more potential downside corrections in the bitcoin market. A recent reduction […]

Spike in BTC Exchange Inflow Preceded Bitcoin Price Correction to $8.6K

On May 24, the price of Bitcoin (BTC) dropped to $8,800 from $9,300. In the next 24 hours, it declined to as low as $8,600, leaving the top ranked digital asset on CoinMarketCap at risk of a bigger pullback. The initial drop of Bitcoin below $9,000 coincided with a massive inflow of BTC into exchanges […]

What Correction? On-Chain Outlook for Bitcoin Still Bright After 10% Drop

Just days ago, Bitcoin was trading at $9,800, just days away from decisively passing $10,000. Now, the cryptocurrency is trading at $9,200, having collapsed on the back of fears of Satoshi Nakamoto dumping his cryptocurrency. Bitcoin price chart from TradingView.com It’s a drop that has had some investors fearing the worst. Yesterday, for instance, Bitcoin […]

Ethereum Fails to Hold Key Support, Leaving Price Open to “Larger Correction”

Top cryptocurrencies like Bitcoin and Ethereum may still be up by over 100% from the March lows, but it’s been a rocky past week for this nascent market. Prices haven’t crashed per se, but cryptocurrencies have begun to print technical signs on their charts indicating that more downside is likely. One analyst recently remarked that […]

Wall Street Panics as Tech Stocks Risk Severe Correction: Is Bitcoin Next?

Panic across Wall Street over tech stocks potentially tanking is also causing speculation that Bitcoin may follow suit. After a bearish daily close in most top tech stocks and the Nasdaq-100, the outlook is grim, and the increasingly bullish cryptocurrency market may suffer as a result. Nasdaq-100, Tech Stocks Close With Bearish Engulfing Reversal Candle […]

Ethereum Long Positions Hit $300M on Bitfinex, And It Can Trigger a Major Correction

Despite the fact that Ethereum has been underperforming Bitcoin over the past few weeks, investors are highly optimistic about the asset. Data from leading exchange Bitfinex, in fact, indicates that traders have a record number of long positions open for the cryptocurrency. Analysts fear that this optimism may end badly as a bearish technical case […]

Bitcoin Correction at $9k Likely After Billionaire Druckenmiller’s Chilling Stocks Warning

Bitcoin could undergo corrections near $9,000 as Stan Druckenmiller, a billionaire hedge fund manager, warns about a stock market crash. The former George Soros’ chief strategist said a V-shape recovery for equities is a “fantasy.” The prediction put Bitcoin’s market cap under risks of a similar downsizing, given its growing correlation with the S&P 500 […]