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Aptos (APT) is currently priced at $6.20, reflecting a 4.85% decline in the last 24 hours. The market capitalization stands at $3.65 billion, down 4.83% from the previous day. The 24-hour trading volume has dropped significantly by 43.89%, reaching $144.1 million. The market cap ratio is 3.95%, indicating lower trading
Bitcoin (BTC) has shown much resilience in the wake of the US Federal Reserve announcing a 25 basis points hike in the Federal Funds Rate (FFR) on Wednesday. Based on data from CoinMarketCap, the premier cryptocurrency is up by 0.78% in the last 24 hours, with the majority of the market also posting notable gains. [...]
The post Crypto Analyst Predicts Bitcoin To Drop By 20% In Coming Weeks appeared first on Crypto Breaking News.
Market began experiencing a downward, which only got steeper in the first week of May. Algorand (ALGO) has stood out in the bearish trend
The interest in cryptocurrencies continues to wane in 2022, as does Litecoin’s popularity. The trading volume of Litecoin was eight times lower in the first quarter of 2022 than it was in the first quarter of 2021. For example, the trading volume from January to March 2022 was around $82 billion, 87% less than in Q1 2021. In the first quarter of 2021, the trading volume was $674.9 billion. Litecoin (LTC) trading volume crashed by more than $590 billion in quarterly comparison. Related Reading | ApeCoin (APE) Is Now The Biggest Metaverse Token, Edging AXS, MANA, SAND The sharp decline in Litecoin’s value results from the negative crypto market sentiment. The price dropped 70% from its highest point, $412, attained back in May 2021. The most popular stablecoin pair for Litecoin’s native LTC was the United State Dollar Tether (USDT) in the first quarter of 2022. Litecoin Month Wise Comparison Of Trading Volume January 2021 was the month of Litecoin, with a trading volume of $284.52 billion. LTC hit a single-day high of $17.99 billion. But in January 2022, LTC trading volume dropped by 89%. The coin’s approximately trading volume was $31.48 billion, with a single-day high of $2.09 billion. Similarly, February 2021 also performed well. The trading volume of Litecoin reached around $257.49 billion, with a single-day high of $16.57 billion. However, in February 2022, the coin performance dropped by 90% compared to Feb 2021. As a result, the single-day high of Feb 2022 was $1.68 billion. Litecoin saw a decline in trading volume in March 2021 compared to January and February 2021. The total trading volume for March was $132.91 billion, with a single-day high of $8.08 billion. LTC trading volume was $24.98 for March 2022 with a single-day high of $1.35 billion, 81% less than March 2021. On January 1, 2022, Litecoin opened at $146.54. On January 2, the coin reached its quarterly high of $152.94. The closing of the first quarter was $123.72. Overall a 15% decrease in Litecoin’s opening and closing price in Q1 2022. Related Reading | Dogecoin Plummets As Investors’ Doubts After Musk Twitter Takeover Unfold For comparison purposes, on January 1, 2021, Litecoin opened at $124.67 per coin. On Feb 20, LTC reached its quarterly high of $245.96. The closing of the first quarter of 2021 was at $197.5. Litecoin performed well during the first quarter with a 58% spike. LTC $100 Support Is Under Attack Litecoin has been trading down for most of the past year. In November, LTC was below $300 after it couldn’t stay above that level. The coin has been testing the $100 level since January. However, the overall sentiment in the crypto market is still bearish. This cryptocurrency has been making lower highs, which is a bad sign, but the $100 support zone is still holding. There was a spike in activity in wallets holding more than $100k a week ago. That didn’t cause the price of Litecoin to go up, though. Instead, it stayed bearish and kept going down. Yesterday, the sellers failed to break below the $100 support level. That was a good sign. But today, the pressure is still bearish, so the digital asset might see a breakout to the downside. Featured image from Pixabay and chart from Tradingview.com
With Bitcoin tremendously growing in value and reaching its new ATH of almost $69k last week, altcoins set some new records as well. (Read More)
Stablecoins and their outflow can help determine which direction crypto markets may head in next. If the outflow decreases, there is often a positive price change. Unfortunately, for now, neither BUSD nor USDT offers much hope in that regard. BUSD and USDT Netflow Aren’t Helping As the crypto markets remain stuck in semi-bearish mode ahead […]
Bitcoin (BTC) is currently trading at $95,895.79, marking a 0.93% decline over the last 24 hours. The cryptocurrency hit a low of $95,685.71, with a 24-hour trading volume of $15.68 billion, reflecting a 65.45% decrease. The market cap remains at $1.9 trillion. South Dakota and Utah are advancing plans to
Following the bearish wave which has swept across the crypto market today, the KAVA token has experienced a significant fall in its market price. According to data from CoinMarketCap, KAVA is currently down by 10.90%, representing the biggest loss of the day. In general, the total crypto market cap is down by 0.31%, with the market leader, Bitcoin (BTC), losing by 0.46% in the last 24 hours. This is while prominent tokens, such as Ripple (XRP), Dogecoin (DOGE), and Solana (SOL), have managed to stay afloat, recording no significant gain or loss. KAVA Price Action And Analysis KAVA began the week with sideways movement hovering around that $0.94 price region. However, after a slight price dip which saw the token retest at $0.91 on July 10, it embarked on a bullish run reaching as high as $1.02 the next day. Related Reading: PEPE Price Drops More Than 60% From ATH – What Lies Ahead? Following a consolidation at this zone for some hours, the token experienced a significant price boost yesterday, hitting a top price of $1.06. Albeit, since attaining this price level, KAVA has been on a downward trend returning to the price levels seen at the start of the week. Analyzing its 4-Hour chart, KAVA is currently in a strong consolidation zone, but if the bulls assume control of the market, the token could rise to the $1.06 price region, which has previously served as a strong resistance level. A sustained bullish momentum that results in the altcoin pushing past this level could lead to a market price in the region of $1.22. That said, if the current selling pressure remains strong, KAVA could drop from its consolidation zone, falling as low as $0.73. Based on CoinMarketCap data, KAVA is currently trading at $0.94, with a 0.16% gain in the last hour. Meanwhile, the token’s daily volume is down by 16.64% and now stands at $48 million. KAVA ranks as the 70th biggest cryptocurrency with a market cap value of $588 million. KAVA Trading At $0.94 On The 4-Hour Chart | Source: KAVAUSD Chart On Tradingview.com KAVA Records Some Positive Moves Despite Price Movement Contrary to its negative price movement today, Kava has actually recorded some positive news in the last few days. Just yesterday, its blockchain network launched the Kava 14 mainnet upgrade, which in part likely caused the price hike seen yesterday. As expected, this latest upgrade introduces a lot of new features, most notably smooth and seamless asset conversion between the Cosmos and Ethereum ecosystems. Related Reading: Shiba Inu Whale Holding 10% Of Total SHIB Supply Shocks The Market In addition to this network upgrade, KAVA was also recently listed by the Bitfinex cryptocurrency exchange. Launched in 2012, Bitfinex ranks as one of the top exchanges in the world, with a presence in 52 countries worldwide. Featured Image From Kiplinger, Chart From Tradingview
The trading volume drop of Solana is now causing some concerns among the traders.In a recent X post, Alan Santana maps the current volumes against those from 2023, leading to a potential change in Solanas price path. However, while Bitcoin is having a good time, SOL market indicators look more like a bearish picture, with […]
COMP, the native token of DeFi lending protocol Compound Finance, has drawn much attention following its positive price performance in the last day. According to data by CoinMarketCap, COMP has risen by 11.03% in the 24 hours, emerging as the top daily gainer of the market. This price rise is quite significant, as COMP recorded [...]
The post Compound (COMP) Rises By 11% Amidst General Bear Market appeared first on Crypto Breaking News.
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