Bitcoin

Silk Road

POPCAT

Status

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-market-stabilizes-after-recent-sell-off/" data-wpel-link="internal">Crypto Market Stabilizes After Recent Sell-Off</a><br></p>
<p class="p1" style="text-align: justify">The total <a href="https://en.coin-turk.com/cryptocurrency-exchange-okx-announces-new-listing/" data-wpel-link="internal">crypto market</a> value is stabilizing after experiencing selling pressure in the last 24 hours. <strong>Bitcoin’s</strong> price missed the opportunity to establish a support base at $70,000 for the same reason. Among altcoins, the Solana-based memecoin project POPCAT emerged as the biggest loser. Here are the notable developments and important details.</p> 
<h2 class="p1" style="text-align: justify" id="what-s-happening-in-the-crypto-market">What’s Happening in the Crypto Market?</h2> 
<p class="p1" style="text-align: justify">The total crypto market value was maintaining a slight upward trend before being interrupted by FUD among <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>. The market panicked when the US government moved $2 billion worth of Bitcoin seized from Silk Road to a new address, expecting officials to sell these assets.</p> 
<p class="p1" style="text-align: justify">As a result, during the intraday peak, TOTAL recorded an inflow of $62 billion and an outflow of $23 billion. Skepticism pulled the total value of all crypto assets to $2.33 trillion, and TOTAL is now expected to consolidate below $2.40 trillion until the market rally is revived.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-375182 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/total.png" alt="" width="1804" height="806"></p> 
<h2 class="p1" style="text-align: justify" id="current-status-of-bitcoin">Current Status of Bitcoin</h2> 
<p class="p1" style="text-align: justify">At the time of writing, <strong>Bitcoin</strong> is trading at $66,500, reflecting the outcome of sudden sales due to fear of loss. Before FUD took over the market, Bitcoin had managed to surpass the $70,000 resistance for the first time in nearly two months.</p> 
<p class="p1" style="text-align: justify">This would have allowed the crypto asset to break out of the descending broadening wedge and start a rally. Investors will now have to wait for a while before a new all-time high is formed. Bitcoin also has the potential to drop to $65,000 as it is below the $67,100 support. Losing this support will send the cryptocurrency to $63,100.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-375181 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/btc-28.png" alt="" width="1805" height="806"></p> 
<h2 class="p1" style="text-align: justify" id="popcat-chart-analysis">POPCAT Chart Analysis</h2> 
<p class="p1" style="text-align: justify">After BONK lost its position as the biggest loser, the Solana-based memecoin project <strong>POPCAT</strong>, which calls itself the next big thing, dropped more than 15% in the last 24 hours, trading at $0.074.</p> 
<p class="p1" style="text-align: justify">POPCAT recorded its all-time high nine days ago, but its attempt to form a new ATH over the weekend failed. As a result, the memecoin is currently holding above the $0.72 support. If the altcoin rises from this support, a recovery towards the $0.83 level is possible. Surpassing this level will invalidate the bearish thesis.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-375180 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/popcat.png" alt="" width="1804" height="806"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/crypto-market-stabilizes-after-recent-sell-off/" data-wpel-link="internal">Crypto Market Stabilizes After Recent Sell-Off</a></h5>
<p>The post <a href="https://en.coin-turk.com/crypto-market-stabilizes-after-recent-sell-off/" data-wpel-link="internal">Crypto Market Stabilizes After Recent Sell-Off</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Crypto Market Stabilizes After Recent Sell-Off

Зміст

COINTURK NEWS

Інші статті, опубліковані 30 лип. 2024 р.

Brace For Impact: Ethereum Whales Send Over $205 Million To Coinbase

Bitcoin Price Drops After Reaching $70,000

Pepe Price Prediction: PEPE Slumps 3% As This Upgraded Layer-2 Alternative Races Towards $7 Million

Will Solana become a true ‘Ethereum killer’ in 2024? Key data suggests…

Vitalik Buterin Leads Ethereum’s Ninth Year

Kraken Faces Criticism Over Mt. Gox Bitcoin Payout Delays

Приєднуйтеся до нашої безкоштовної розсилки для отримання щоденних оновлень щодо крипто!