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CATEGORY: downtrend


Apr 03, 2025 06:00

Is Bitcoin Price on the Brink of Surpassing 10-Week Downtrend? Could $90K BTC Be Around the Corner?

Bitcoin is on the cusp of shattering a 10-week downtrend, with experts predicting a possible surge to $90,000 per BTC in the near future. This potential breakout comes after a period of consolidation and a gradual increase in trading volume. Analysts attribute this positive momentum to a combination of factors, including increased institutional interest, growing [...]

The post Is Bitcoin Price on the Brink of Surpassing 10-Week Downtrend? Could $90K BTC Be Around the Corner? appeared first on Crypto Breaking News.

Ethereum Whales Offload 143,000 ETH In One Week  More Selling Ahead?

Author: Sebastian Villafuerte
United Kingdom
Apr 18, 2025 12:05

Ethereum Whales Offload 143,000 ETH In One Week More Selling Ahead?

Ethereum is trading around the $1,600 level after several days of failed attempts to reclaim higher prices. Bulls are showing signs of life, but their momentum remains weak as bearish pressure continues to dominate the market. Despite a brief recovery bounce last week, Ethereum’s broader structure still reflects a clear downtrend. Related Reading: Solana Retests Bearish Breakout Zone $65 Target Still In Play? The crypto market remains under the shadow of macroeconomic uncertainty, as ongoing tensions between the United States and China weigh heavily on global financial sentiment. No resolution or agreement between the two economic giants has been announced, leaving investors cautious and risk-averse. Adding to the negative sentiment, CryptoQuant data shows that Ethereum whales have offloaded approximately 143,000 ETH over the past week. This large-scale distribution reinforces fears of further downside, with long-term holders and large wallets choosing to reduce exposure rather than accumulate. While some analysts still see potential for a turnaround if key levels are reclaimed, the current market environment remains fragile. Unless Ethereum can regain and hold above short-term resistance levels, the threat of another leg down remains very real. Traders are now closely watching price action for signs of a shift but for now, caution continues to lead the way. Ethereum Faces Selling Pressure As Whales Exit Ethereum is facing a critical test as price action continues to lack clarity, and support levels remain fragile. Despite brief attempts to rebound, ETH has failed to establish a clear bottom, and the downtrend structure remains intact. The market is struggling to define a strong demand zone, making it difficult for bulls to sustain upward momentum. As selling pressure mounts, analysts are warning that Ethereum may continue to slide toward lower demand levels in the absence of strong buying interest. Broader macroeconomic conditions continue to weigh heavily on risk assets like Ethereum. Global trade tensions, particularly the unresolved tariff standoff between the United States and China, have created uncertainty across financial markets. Combined with fears of a slowing global economy and lack of coordinated fiscal support, crypto markets remain under pressure. Adding to the bearish sentiment, top analyst Ali Martinez shared on-chain data revealing that whales have offloaded approximately 143,000 ETH over the past week. This large-scale distribution by influential holders has significantly weakened Ethereums outlook, reinforcing concerns that smart money is preparing for deeper downside. Since late December, ETH has remained in a prolonged bearish trend, with every attempt at recovery being met by renewed selling. Unless bulls reclaim key technical levels and shift market sentiment, Ethereum may continue to slide further. Related Reading: Over 1.9M Ethereum Positioned Between $1,457 And $1,598 Can Bulls Hold Support? ETH Price Stuck In Volatile Range Ethereum is currently trading at $1,600 after enduring days of massive volatility and macroeconomic-driven uncertainty. Despite brief relief bounces, ETH remains locked in a bearish structure, unable to generate sustained momentum. For bulls to regain control, reclaiming the $1,850 resistance level is critical. This level aligns with the 4-hour 200 MA and EMA around $1,800, making it a key zone to watch for confirmation of a short-term trend reversal. Holding above these moving averages would signal renewed strength and possibly mark the beginning of a recovery rally. However, price action continues to struggle beneath them, and failure to push above these indicators would confirm persistent weakness. In that case, Ethereum may retest the $1,500 level or even dip below it if selling pressure intensifies. Related Reading: Ethereum Metrics Reveal Critical Support Level Can Buyers Step In? The current environment is shaped by global tensions and macro uncertainty, with no clear catalysts to drive a breakout in either direction. As long as ETH remains below its key moving averages, the risk of another leg down remains elevated. Bulls must act swiftly to flip sentiment and avoid a deeper correction toward long-term demand levels. Featured image from Dall-E, chart from TradingView

Apr 15, 2025 05:50

Bitcoin Surges to $85.8K, Breaking Downtrend Have the Bulls Returned for BTC?

Bitcoin has defied the downtrend by surging to $85.8K, raising questions about whether the BTC bulls have truly returned. After months of bearish sentiment, this unexpected rally has caught many traders off guard. The cryptocurrency market has been volatile in recent weeks, with Bitcoin experiencing significant price fluctuations. This sudden uptick in Bitcoin’s price has [...]

The post Bitcoin Surges to $85.8K, Breaking Downtrend – Have the Bulls Returned for BTC? appeared first on Crypto Breaking News.

Ethereum Long-Term Holders Show Signs Of Capitulation  Prime Accumulation Zone?

Author: Sebastian Villafuerte
United Kingdom
Apr 11, 2025 12:05

Ethereum Long-Term Holders Show Signs Of Capitulation Prime Accumulation Zone?

Ethereum saw a dramatic turnaround this week, bouncing over 21% from its recent low of $1,380 in just hours. The sharp recovery came in response to an unexpected shift in macroeconomic policy: US President Donald Trump announced a 90-day pause on reciprocal tariffs for all countriesexcept China, which now faces a steep 125% tariff. The news sent a ripple through global markets, sparking a short-term rally in risk assets, including crypto. Related Reading: XRP Network Activity Hits All-Time High Despite Market Volatility Bullish Signal? Ethereum, which had been under heavy selling pressure for weeks, appears to have found temporary relief. According to Glassnode data, long-term Ethereum holders are starting to fold, offloading positions at a loss after months of decline. Historically, these moments of long-term holder capitulation have often marked bottoming phases and preceded meaningful rebounds. While short-term volatility remains elevated, some analysts view this setup as a potential opportunity zone, especially for contrarian investors looking to accumulate during peak fear. The market now watches to see if ETH can hold its gains or if broader uncertainty will drag prices back down. One thing is clear: the next few days could be pivotal for Ethereums trend heading into the second half of 2025. Ethereum Finds Relief Amid Chaos, But Market Remains On Edge Ethereum is now at a pivotal crossroads after enduring weeks of relentless selling pressure and uncertainty. The recent surge from sub-$1,400 levels has offered a glimmer of hope, as bulls begin to push back against the downtrend. This bounce follows aggressive volatility not just in crypto but across global equities, with price action rocked by continued geopolitical unrest and macroeconomic instability. US President Donald Trumps unpredictable stance on tariffs remains a wildcard, keeping global markets on edge. Since peaking in late December, Ethereum has shed over 60% of its value, triggering growing concern that a full-scale bear market may be unfolding. Many investors have already exited positions, while others remain sidelined waiting for clarity. Still, some see opportunity. According to top analyst Ali Martinez, long-term Ethereum holders have now entered whats commonly referred to as capitulation modea stage when even the most patient investors begin to fold under pressure. Martinez believes this could present a rare window for contrarian buyers. For those watching risk-reward dynamics, this phase has historically marked prime accumulation zones, he shared on X. While Ethereum’s path forward is still uncertain, current sentiment suggests that a critical test is underwayone that could determine whether this recovery has legs, or if further pain lies ahead. Related Reading: Dogecoin Whales Offload Over 1.32 Billion DOGE In 48 Hours Risk-Off Or Panic Selling? Bulls Look To Confirm Recovery With Key Breakout Ethereum is showing signs of short-term strength as it forms an Adam & Eve bullish reversal pattern on the 4-hour chart. This classic technical formation, which starts with a sharp V-shaped low followed by a rounded bottom, often signals a potential breakout if price action holds and follows through. For Ethereum, reclaiming the $1,820 level is the first step to confirm this bullish structure. If bulls can push ETH above this level with conviction, the next key challenge lies at the 4-hour 200 moving average (MA) and exponential moving average (EMA), both of which converge around the $1,900 mark. A decisive breakout through this zone would validate the recovery setup and could kickstart a more sustained move higher. Related Reading: Oversold Altcoins Like Solana Flash Bullish Divergences Are Relief Bounces Coming? However, failure to reclaim the $1,800 level in the coming days may keep ETH stuck in a consolidation range. If rejected, price could remain rangebound between current levels and the lower support area near $1,300, where ETH recently bounced. For now, all eyes are on how price reacts to the resistance levels ahead, as bulls aim to regain control and shift the short-term momentum in their favor. Featured image from Dall-E, chart from TradingView

Jul 30, 2023 10:30

Ordinals Reach 20 Million Milestone, But Bitcoin-Based NFT Sales Slide

This week marked a milestone as the number of Ordinal inscriptions minted on the Bitcoin blockchain crossed the impressive 20 million threshold. But despite this achievement, Bitcoin-based non-fungible token (NFT) or Ordinal marketplace sales have witnessed a downturn since mid-July. Once consistently taking the second spot week after week in the NFT sales ranking, Bitcoin-based [...]

The post Ordinals Reach 20 Million Milestone, But Bitcoin-Based NFT Sales Slide appeared first on Crypto Breaking News.

Mar 30, 2024 12:05

Dogecoin Enters New Trend Set To Drive Price To $0.3: Analyst

Amid the recent momentum displayed by the meme-inspired cryptocurrency Dogecoin (DOGE), Rekt Capital, a crypto trader and analyst, has identified a new trend that could propel DOGE’s price to the $0.3 price mark in the short term. Dogecoin (DOGE) Inititate New Macro Uptrend Over the past few weeks, Dogecoin has been performing fairly well, triggering optimism and expectations for more price growth. Due to this, the top meme currency in the world in terms of overall market valuation has always generated discussion within the sector. Related Reading: Dogecoin Jumps 37% How High Can DOGE Go This April? DOGE’s recent spike in price resulted in the conclusion of its Macro Downtrend, according to Rekt Capital. However, the breakout has triggered DOGE into a new Macro Uptrend on the upside. Additionally, DOGE Monthly would recapture historical support if it closed above the red $0.20 price level. As a result, it would provide more momentum for a move towards the $0.30 range and even further. The post read: Dogecoin has ended its Macro Downtrend and begun a new Macro Uptrend. And if DOGE Monthly Closes above the red ~$0.20 level, it would reclaim historical support that could offer further fuel for a move towards the $0.30+ area. It is worth noting that it took Dogecoin less than two weeks to break out from the macro downtrend after entering the area. Rekt Capital pointed out that the crypto asset successfully retested its support after breaking its macro downtrend two weeks ago. During this period, the analyst underscored DOGE was still in the retest phase because the coin was still declining. Furthermore, the meme coin was moving sideways within a new macro range he dubbed black-red, around $0.12 and $0.20. Prior to the breakout, Rekt Capital stated that DOGE is taking all the appropriate steps to validate its new macro uptrend. Given that the token has broken through strong resistances, it could be headed for a new peak in this cycle. Potential Catalyst For The DOGE’s Performance Rekt Capital’s forecast came in light of DOGE witnessing a significant increase to $0.22, its highest level in the past 2 years. It is believed that the upswing was triggered by rumors that the asset could be incorporated into Elon Musk‘s X platform very soon. Related Reading: Dogecoin Soars 17% To Break $0.21 As Volume Explodes Ever since the rumors developed, Dogecoin’s price has doubled in less than a month, suggesting interest growth from investors. Dogecoin is currently the eighth-largest crypto asset by market value, with a market cap of $31.087 billion, following its remarkable price explosion. Presently, Dogecoin is trading at about $0.21, with a notable $5.157 billion trading volume in the past day. Despite the recent price development, DOGE is still more than 50% down from its all-time high of $0.74. The resurgence of Dogecoin in the rapidly evolving cryptocurrency space is indicative of the dynamics of the market. This huge increase also reflects the general state of the market, showing investors’ ongoing interest in meme coins today. Featured image from iStock, chart from Tradingview.com

Mar 19, 2025 05:55

Analyst predicts Ethereum price will remain in a cursed downtrend until 2025

The Ethereum price is currently stuck in a downtrend that analysts believe could last through 2025. Despite occasional rallies, the overall trajectory for Ethereum remains negative. This prolonged bearish trend has some investors worried about the future of the popular cryptocurrency. One analyst noted that Ethereum’s price has been consistently making lower highs and lower [...]

The post Analyst predicts Ethereum price will remain in a ‘cursed’ downtrend until 2025 appeared first on Crypto Breaking News.

Bitcoin Lost And Retested The 200-Day MA As Resistance  Heres What Happened Last Time

Author: Sebastian Villafuerte
United Kingdom
Mar 13, 2025 12:05

Bitcoin Lost And Retested The 200-Day MA As Resistance Heres What Happened Last Time

Bitcoin is trading below crucial support levels after massive selling pressure swept through the market. Since late January, BTC has lost over 29% of its value, fueling fear and uncertainty among investors. With global trade war fears intensifying and volatile macroeconomic conditions shaking the crypto and U.S. stock markets, traders are bracing for further downside risk. Related Reading: Bitcoin Drops Below 200-Day MA Next Key Support Lies At $66K According To Mayer Multiple Market sentiment remains overwhelmingly bearish as Bitcoin fails to hold key technical levels. Crypto analyst Daan shared a technical analysis on X, revealing that BTC has broken below the Daily 200-Moving Average (MA) and has now retested it as resistance. Historically, this pattern signals a continuation of bearish price action, indicating that BTC could see more downside in the coming weeks. With Bitcoin struggling to regain momentum, the markets next major move will depend on whether bulls can reclaim lost ground or if further selling pressure will drive BTC toward lower support levels. As uncertainty grows, investors remain cautious, waiting for clear signals before making significant moves. The coming days will be crucial in determining whether Bitcoin can stabilize or if the current downtrend will continue. Bitcoin Downtrend Deepens as Bears Maintain Control Bitcoin has remained in a persistent downtrend since late January, with fear continuing to set lower price targets among investors. Many now question whether the BTC bull cycle is over, as selling pressure intensifies and market sentiment turns increasingly bearish. The uncertainty surrounding macroeconomic conditions has fueled this decline, with volatility increasing since the U.S. elections in November 2024. Given the ongoing trade war fears and unstable global markets, it appears that this period of uncertainty will continue to weigh on Bitcoins price action. Crypto analyst Daan recently shared technical insights on X, highlighting that BTC has lost the 200-day moving average (MA) and has now retested it as resistance. This signals that bears remain in control, and bulls have a lot of work to do to reclaim this level. According to Daan, Bitcoin experienced a similar scenario last year, where price action chopped around these levels for over three months before breaking out. If history repeats itself, BTC could be entering another extended consolidation phase, keeping prices range-bound for months. Related Reading: XRP Flirts With A Daily Range Breakdown Price Must Hold Above $2 Level However, if bulls fail to reclaim the 200-day MA/EMA, further downside could follow, bringing Bitcoin to even lower price levels. With bears still in control, the market remains highly fragile, and investors are watching closely to see whether BTC can stabilize or if another major drop is on the horizon. The next few weeks will be critical as Bitcoin either finds a foothold or continues deeper into bearish territory. Bitcoin Stuck Between $80K and $85K as Fear Continues Bitcoin (BTC) is currently trading between $80,000 and $85,000, struggling to reclaim key price levels amid growing panic selling and fear. With selling pressure dominating the market, investors remain uncertain about Bitcoins next move as bulls fail to push BTC into a recovery phase. For a bullish reversal, BTC must hold above $80,000 and reclaim the $86,000 level, which would signal renewed buying interest and possibly set the stage for a stronger uptrend. However, Bitcoin may enter a sideways consolidation phase below $90,000$88,000, prolonging the uncertainty and keeping price action choppy for weeks. Related Reading: Bitcoin Could Rally Above ATH To $128K On-Chain Indicator Signals Potential Recovery If BTC fails to defend the $80K level, the risk of a deeper correction increases, potentially pushing prices below critical support zones. A breakdown below $80K could trigger another wave of selling, sending BTC toward lower demand levels and extending the current bearish market structure. Traders remain cautious, closely watching whether Bitcoin can stabilize or if another major decline is ahead. Featured image from Dall-E, chart from TradingView

May 30, 2022 08:50

Bitcoin’s 9th of Week Red Zone

Bitcoin entered 9-week Red candles. Central African Republic president called Bitcoin is the “currency of the Universe”. The king of

May 10, 2022 11:40

El Salvador Spends Another $15M in Latest Bitcoin Investment

Now the small Central American country has a whopping $72.5 million worth of bitcoins (BTC) in its vault.

Continue reading El Salvador Spends Another $15M in Latest Bitcoin Investment at DailyCoin.com.

Jan 01, 2022 07:10

Crypto 2022 – How did Prices Behave on the First day? Here’s a Quick Recap

On the 31st of December 2021, the crypto market saw a slight continuation of the previous decline. Prices seemed to have edged lower while people were busy celebrating the last day of 2021. Enter 2022! Not only does the day coincides with a Saturday, but people can also still be hungover from the previous night. How did the crypto market behave on the last day of 2021? Let's have a quick recap on what happened to crypto 2022.

The Crypto Market is slightly in the RED

It is very normal to see crypto prices falling further. People across the world, even big companies are on holiday and celebrating the new year. Who would place a buy order in the middle of a family gathering?

When the buying side weakens, the selling pressure becomes higher. Now you might be asking: if people are celebrating, who is doing all the selling for prices to fall? Well, most traders place stop-losses in order to cut their losses while they are away from their trading activities. Since the market was bearish in the previous days before new year's eve, it is normal to see prices fluctuate lower. With every stop-loss triggered, a new sell order is being executed.

Looking at figure 1 on the other hand, we can see a kind of consolidation. The total crypto market cap looks like it is averaging around USD 2.2 Trillion for the past 4 days.

Fig.1 Total Crypto Cap in USD, 1-day chart - TradingView

Crypto 2022 - Top 10 Cryptos Recap

In the past 24 hours, most cryptos are in the red. The total market is down by -1.76%. The biggest losers were SUSHI, CEL, GNO, and UNI losing around 7% each. On the other hand, other altcoins such as ROSE, XDC, ATOM, and CRV gained respectively around 8%.

1- Bitcoin (BTC) : - 2.08%

2- Ether (ETH) : - 2.05 %

3- Binance Coin (BNB): - 1.35 %

4- Tether (USDT) : 0 %

5- Solana (SOL) : - 1.92 % 

6- Cardano (ADA) : - 2.77 % 

7- USD Coin (USDC) : + 0 % (surpassing XRP)

8- Ripple (XRP) : - 0.37 %

9- Terra (LUNA) : - 2.16 %

10- Polkadot (DOT): - 2.09 %

Stay Ahead, Stay Updated, and Happy New Year 2022!
Rudy Fares

3 Lesser Known Cryptocurrencies© Cryptoticker

The post Crypto 2022 – How did Prices Behave on the First day? Here’s a Quick Recap appeared first on CryptoTicker.

Oct 04, 2024 05:50

Ethereum At Risk Of Further Decline: Top Investor Sets $2,150 Target If Support Breaks

Ethereum has seen a 15% drop since hitting its recent high of $2,729 last Friday, leaving analysts and investors feeling frustrated with the price action. Many expected the bullish trend to continue, but Ethereum has struggled to maintain upward momentum.  Concerns are mounting as some market observers predict a deeper decline, possibly falling to yearly [...]

The post Ethereum At Risk Of Further Decline: Top Investor Sets $2,150 Target If Support Breaks appeared first on Crypto Breaking News.

Bitcoin ETFs hit $20B milestone as price remains stuck in downtrend

Author: Cointelegraph by Zoltan Vardai
United States
Oct 18, 2024 12:00

Bitcoin ETFs hit $20B milestone as price remains stuck in downtrend

Bitcoin price remains in a seven-month downtrend despite the record ETF net flows.

Ethereum Downswing To $2,900 Could Be A Buy-The-Dip Opportunity  Analyst Expects Bullish Surge

Author: Sebastian Villafuerte
United Kingdom
Jan 10, 2025 12:05

Ethereum Downswing To $2,900 Could Be A Buy-The-Dip Opportunity Analyst Expects Bullish Surge

Ethereum has seen a sharp 14% drop in less than two days, intensifying concerns across the crypto market during a selloff that began earlier this week. The bearish sentiment has left many investors disheartened, with Ethereum struggling to reclaim higher price levels. Frustrated by the consistent underperformance, some investors are beginning to lose faith in the altcoin giant, seeking opportunities elsewhere. Related Reading: Expert Sets $1 Target For Dogecoin Once It Breaks A Multi-Year Trend Details Despite the negative sentiment, top analyst Ali Martinez has shared an optimistic outlook for Ethereum. Martinezs analysis suggests that a downswing to the $2,900 level could present a highly favorable “buy-the-dip” scenario for long-term investors. According to Martinez, this potential decline would lay the groundwork for Ethereum to target significantly higher levels, with a bullish price goal of $7,000 in the coming cycle. The current market conditions have sparked uncertainty, but many experts believe the upcoming months will prove pivotal for Ethereum. As the altcoin leader grapples with its recent declines, investors and traders alike are closely watching key support levels to assess whether ETH can rebound from this downturn. With Martinezs bullish target on the horizon, could this dip pave the way for Ethereums next big rally? A Rocky Start in 2025: Optimism Remains Ethereum has faced a tough journey through 2024, with lackluster performance trailing behind Bitcoin’s dominance. The new year hasn’t offered much reprieve, as Ethereum started 2025 with additional declines, leaving many investors frustrated. While Bitcoin continues to command attention, fueling what some are dubbing a “Bitcoin cycle,” altcoins, including Ethereum, have struggled to gain momentum. However, not all hope is lost. Top analyst Ali Martinez recently shared a more optimistic perspective on X, suggesting that Ethereums current price action might be setting the stage for significant future gains. Martinezs analysis points to a potential downswing to $2,900 as a highly bullish opportunity for Ethereum. He emphasized that this level would represent an ideal “buy-the-dip” scenario, potentially setting the stage for Ethereum to target a remarkable $7,000 in the next cycle. According to Martinez, the ongoing bearish price suppression is a natural part of the market cycle. Once this phase ends, Ethereum could be primed for a substantial rally. However, for this bullish narrative to materialize, Ethereum must first reclaim key demand levels to reignite investor confidence and build momentum. Related Reading: Solana Must Reclaim Momentum In The Coming Weeks SOL/BTC Ratio At A Pivotal Point As Ethereum navigates these turbulent times, analysts and traders are keeping a close watch on critical support levels, waiting to see if this dip truly becomes a launchpad for Ethereums next major move. Ethereum Price Holds Key Support Amid Bearish Pressure Ethereum is trading at $3,300 after enduring a sharp sell-off that drove the price down to $3,206, creating a sense of fear and uncertainty in the market. Despite the aggressive downturn, Ethereum’s price action is showing resilience, setting a higher low on the daily time frame. This subtle shift in structure offers hope for a potential recovery, signaling that demand might be quietly building. For Ethereum to regain its bullish momentum, bulls need to reclaim the $3,900 level promptly. This critical zone acts as a gateway to reestablishing a strong upward trend and boosting market confidence. However, the path to recovery may take time as Ethereum stabilizes and recovers from its recent bearish phase. Related Reading: Bitcoin Is Forming A Symmetrical Triangle Breakout Or Breakdown? While the market sentiment remains cautious, Ethereum’s ability to hold above key support levels suggests that a swift surge could follow if demand rises. Investors and analysts are closely watching these levels, waiting for a breakout that could mark the beginning of a new bullish cycle. For now, patience is key as Ethereum navigates its way through this challenging phase, aiming to position itself for stronger price action in the weeks ahead. Featured image from Dall-E, chart from TradingView

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