Crypto Market Spells Uncertainty as Analyst Believes SEC Will Approve BTC ETFs Soon

According to analysts from Santiment, there's fear and uncertainty among crypto enthusiasts. They noted that investors are somewhat skeptical about buying BTC in its recent dip status.  Moreover, the analysis showed high FUD levels, and HODLers and Traders hold fearful positions. Contrary to the norm, none of the latter or former is quite active in the buying bitcoin front. Why Not Buy the Dip? Analysts from Santiment mentioned how faint-hearted the 'buy the dip' crowd is during the recent BTC price…

WMA: Bitcoin Records Minor Increase, but Most Altcoins Are Bleeding

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $2,120 trillion. Bitcoin is up by nearly 4% in comparison with last Sunday. Ethereum lost 2% in value over the week. XRP is down by roughly 4% after a troublesome week. Most altcoins, except Avalanche, have traded in the red for most of the week. The DeFi sector gained almost $1.4 billion from the…

WMA: Rough Week for BTC & Altcoins after El Salvador’s Bitcoin Adoption

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $2,066 trillion. Bitcoin is down by nearly 9% despite becoming legal tender in El Salvador. Ethereum lost 13% in value over the week. XRP is down by roughly 14% in comparison with last Sunday. Most altcoins, except Solana, have traded in the red for most of the week. The DeFi sector lost almost $10…

Crypto Market Crashes on El Salvador’s Bitcoin Day, What Could be the Reason?

The crypto market faced one of the most volatile days in history as a severe flash crash took the market by surprise on El Salvador's "Bitcoin Day." Investors expected the world's leading crypto to shine as El Salvador officially adopted BTC as legal tender on September 7. The announcement should have been a fundamentally bullish moment for the king coin. Many market participants touted the historical development as a landmark event that would have massive implications on crypto adoption globally.  …

WMA: Bitcoin Trades Above $50,000 and Altcoins’ Value Goes Through the Roof

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $2,295 trillion. Bitcoin is up by more than 3% as it trades again above $50k. Ethereum closes in on the $4,000 level with a 23% increase over the week. XRP is up by roughly 12% in comparison to last Sunday Solana, Dogecoin, and Polkadot end the week with significant value boosts. The DeFi sector…

BTC and ETH Approach Final Hurdles as Cardano Cracks $3

BTC has been on fire since the start of the new month. The price finally surmounted the stubborn $49K resistance zone and climbed to its highest level in three months. The BTC/USD pair cruised past $50K. This happened as stocks slid following a report from US officials that revealed underwhelming US job gains. The dampened outlook for the US economy pushed the dollar and S&P 500 index lower while boosting interest in hedging assets like Bitcoin and gold. As the…

BTC Could Close the Week Above $50K; ETH Stages Major Uptick

Bitcoin staged a major rally on Wednesday night, soaring from a swing low of $46,533 to hit highs above $49,678. The BTC/USD pair accelerated higher into a positive zone after forming a strong support base in the $46,500 zone. The night of bullish action sparked speculations that the king coin could mount a renewed attack on $50K.  Despite predictions to the contrary, the number 1 cryptocurrency is so far seeing an incredible start to September. Market participants are excited about the prospects…

BTC Still Bearish as ETH, ADA, SOL Continue to Recover

In the past 24 hours, Bitcoin has maintained a bearish price trend, while Ethereum, Cardano, and Solana's prices continue to rise. Cardano and Solana have been making new ATH values in just the past few weeks. The crypto market also seems to be in recovery.  BTC Bulls Still Uncertain BTC is still on a high low but showing signs of a continued bearish statement. Late 31st August, bitcoin was trading at $47.9k. A few hours later, it managed to even hit…

BTC Transfers Reach Two-year High as Solana Rallies

The Solana (SOL) price has rocketed nearly 220% over the past month. Most of it is due to investors flocking into the project, expecting considerable gains in the near term. Net investment inflows into Solana rose to $7M over the past week.  The project's impressive gains come from the growing excitement around DeFi initiatives. In August alone, Solana's DeFi projects tripled in value. The value crossed the $3B mark for the first time in history. Meanwhile, the booming popularity of…

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