Saturday, August 30, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    PENGU token loses 20% in August amid Pudgy Party game launch

    PENGU token loses 20% in August amid Pudgy Party game launch

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    Blue chip NFTs sink double digits as ETH retreats from record highs

    Blue chip NFTs sink double digits as ETH retreats from record highs

    What’s Behind the Double-Digit Declines?

    What’s Behind the Double-Digit Declines?

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

  • Gaming
    Climb the SCOR Invitational Leaderboard and Earn Bigger $SCOR Airdrops

    Climb the SCOR Invitational Leaderboard and Earn Bigger $SCOR Airdrops

    Pudgy Penguins Game ‘Pudgy Party’ Launches on iOS and Android

    Pudgy Penguins Game ‘Pudgy Party’ Launches on iOS and Android

    Pudgy Penguins and Mythical Games Launch Pudgy Party Game

    Pudgy Penguins and Mythical Games Launch Pudgy Party Game

    KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming

    KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming

    GaFin Joins Cyber Crash to Advance Web3 Gaming

    GaFin Joins Cyber Crash to Advance Web3 Gaming

    Buzzy Ethereum Game Football.fun Has Soccer Fans Scoring Crypto Gains

    Buzzy Ethereum Game Football.fun Has Soccer Fans Scoring Crypto Gains

    Stability World AI Adds Games to Transform the Future of Web3 Gaming

    Stability World AI Adds Games to Transform the Future of Web3 Gaming

    Play Solana to ship handheld gaming device in October

    Play Solana to ship handheld gaming device in October

    The Rise of Indian Online Casinos: Affiliates, Crypto, and Seamless Gaming?

    The Rise of Indian Online Casinos: Affiliates, Crypto, and Seamless Gaming?

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What is Cloud Mining? A Beginner’s Guide

    What Is Cloud Mining in Crypto? Everything You Need to Know to Start

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What Is Crypto Arbitrage and How to Use It in Trading?

    What Is Crypto Arbitrage and How to Use It in Trading?

    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    PENGU token loses 20% in August amid Pudgy Party game launch

    PENGU token loses 20% in August amid Pudgy Party game launch

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    Blue chip NFTs sink double digits as ETH retreats from record highs

    Blue chip NFTs sink double digits as ETH retreats from record highs

    What’s Behind the Double-Digit Declines?

    What’s Behind the Double-Digit Declines?

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

  • Gaming
    Climb the SCOR Invitational Leaderboard and Earn Bigger $SCOR Airdrops

    Climb the SCOR Invitational Leaderboard and Earn Bigger $SCOR Airdrops

    Pudgy Penguins Game ‘Pudgy Party’ Launches on iOS and Android

    Pudgy Penguins Game ‘Pudgy Party’ Launches on iOS and Android

    Pudgy Penguins and Mythical Games Launch Pudgy Party Game

    Pudgy Penguins and Mythical Games Launch Pudgy Party Game

    KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming

    KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming

    GaFin Joins Cyber Crash to Advance Web3 Gaming

    GaFin Joins Cyber Crash to Advance Web3 Gaming

    Buzzy Ethereum Game Football.fun Has Soccer Fans Scoring Crypto Gains

    Buzzy Ethereum Game Football.fun Has Soccer Fans Scoring Crypto Gains

    Stability World AI Adds Games to Transform the Future of Web3 Gaming

    Stability World AI Adds Games to Transform the Future of Web3 Gaming

    Play Solana to ship handheld gaming device in October

    Play Solana to ship handheld gaming device in October

    The Rise of Indian Online Casinos: Affiliates, Crypto, and Seamless Gaming?

    The Rise of Indian Online Casinos: Affiliates, Crypto, and Seamless Gaming?

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What is Cloud Mining? A Beginner’s Guide

    What Is Cloud Mining in Crypto? Everything You Need to Know to Start

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What Is Crypto Arbitrage and How to Use It in Trading?

    What Is Crypto Arbitrage and How to Use It in Trading?

    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home Bitcoin

BTC nears to decline below $50k for first time since Fe

August 5, 2024
in Bitcoin
27
BTC nears to decline below $50k for first time since Fe
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • Bitcoin neared a decline below $50k for the first time since February.
  • Global stock markets plummeted amidst Japan and Taiwan’s stock market crash.

The crypto market has witnessed a massive decline over the past 24 hrs. With the market dip, Bitcoin [BTC] has experienced the largest hit.

As of this writing, BTC is trading at $50436 after a 16.21% decline on daily charts, with a 27% drop on weekly charts.

This massive decline has left traders and analysts speculating over BTC’s future and the cause of the massive price drop.

Bitcoin to drop below $50k?

After dropping at $53k, investors holding long positions of over $600 million were forced out, resulting in a massive $300B in total crypto market decline.

In a further decline to $50k, more than $6B long positions were forced out of their positions. The price decline has heightened bearish sentiment, with traders scrambling to buy the dip.

According to data from sentiment, the discussion of buying the dip has spiked. However, the data shows investors and traders are less interested in the dip.

Source: X

The decline has increased trading volume by 127.75%, further pushing prices down. The increased trading volume results from massive sell-offs as holders sell and close their positions.

Increased sales result in pressure, which negatively impacts price charts. Thus, emotional selling and fear of further decline are pushing traders to close their positions at a loss.

External macroeconomics driving BTC

Source: X

Over the past seven days, global markets have faced fear of recession following Federal Reversal’s failure to cut rates.

With the rising U.S. debts, the crypto markets have experienced higher outflow, especially from ETFs resulting from market uncertainty.

Additionally, the Japanese market has sent shock waves to the crypto market following a crash of over 8% in 24 hrs.  Analysts like Marty Party noted on X that,

“Japan rugpulled the world.”

Therefore, although the crypto market has tried to hold strong over the past weeks, the plunging global stock markets have pushed BTC down. Spectator Index reported the situation in Japan reporting that,

“Japan’s stock market falls over 4,000 points, the biggest single-day drop.”

For instance, Japan bought up the Magnificent 7 and the SPY; thus, such a market crash would have a massive impact on BTC and the whole crypto market.

See also  Crypto crime in 2024 - Changing trends, new targets, and Bitcoin's share

Apart from Japan, Taiwan’s stock market has suffered its worst day in 57 years. With increased fears of a recession in the U.S. economy, futures are plummeting.

What price charts suggest

Over the past 24 hrs, BTC has declined by 17%, thus continuing a month-long decline. Over the past 30 days, BTC has declined by 5%, resulting in a market cap drop below $1T to $990B, according to CoinMarketCap.

Source: TradingView

Thus, AMBCrypto’s analysis showed that BTC was experiencing a strong downward momentum.

The crypto’s Directional Movement Index (DMI) showed a sustained downtrend, with the positive index at 26 sitting below the negative index at 29.

Also, On Balance Volume has declined over the 24 hrs, suggesting the crypto was experiencing strong selling pressure.

Source: Coinglass

Looking further, ABCrypto’s analysis of Coinglass showed that its Open Interest had declined from $37B to $31B. Such a decline in Open Interest shows that leveraged positions are forcefully closed.

Investors betting on price increases are closing their positions at a loss without opening new ones.

Source: Coinglass

This phenomenon is further strengthened by increased liquidation for long positions. Liquidation for long positions has increased from $105M to %200M on daily charts.

This suggested that the holders are unwilling to hold their positions as they lack confidence in BTC’s current direction.


Read Bitcoin’s [BTC] Price Prediction 2024-25


Will BTC decline below $50k?

BTC has declined from $66k to $50k over the last week. With increased financial market concerns and bearish sentiment, the crypto market is set for a volatile August.

Therefore, if the prevailing market conditions persist and BTC closes below $50670 on daily charts, it will find its next support around $47779.

Previous: FBI’s crypto warning as India, Australia join global crackdown: ‘Fraud alert!’
Next: Jump crypto unstakes $314.8M Ethereum as ETH drops 30%: What’s going on?

READ ALSO

Bitcoin nears $91K as buying pressure soars, but challenges emerge

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

  • Bitcoin neared a decline below $50k for the first time since February.
  • Global stock markets plummeted amidst Japan and Taiwan’s stock market crash.

The crypto market has witnessed a massive decline over the past 24 hrs. With the market dip, Bitcoin [BTC] has experienced the largest hit.

See also  Ethereum long traders trapped: Will ETH decline in Q4 as well?

As of this writing, BTC is trading at $50436 after a 16.21% decline on daily charts, with a 27% drop on weekly charts.

This massive decline has left traders and analysts speculating over BTC’s future and the cause of the massive price drop.

Bitcoin to drop below $50k?

After dropping at $53k, investors holding long positions of over $600 million were forced out, resulting in a massive $300B in total crypto market decline.

In a further decline to $50k, more than $6B long positions were forced out of their positions. The price decline has heightened bearish sentiment, with traders scrambling to buy the dip.

According to data from sentiment, the discussion of buying the dip has spiked. However, the data shows investors and traders are less interested in the dip.

Source: X

The decline has increased trading volume by 127.75%, further pushing prices down. The increased trading volume results from massive sell-offs as holders sell and close their positions.

Increased sales result in pressure, which negatively impacts price charts. Thus, emotional selling and fear of further decline are pushing traders to close their positions at a loss.

External macroeconomics driving BTC

Source: X

Over the past seven days, global markets have faced fear of recession following Federal Reversal’s failure to cut rates.

With the rising U.S. debts, the crypto markets have experienced higher outflow, especially from ETFs resulting from market uncertainty.

Additionally, the Japanese market has sent shock waves to the crypto market following a crash of over 8% in 24 hrs.  Analysts like Marty Party noted on X that,

“Japan rugpulled the world.”

Therefore, although the crypto market has tried to hold strong over the past weeks, the plunging global stock markets have pushed BTC down. Spectator Index reported the situation in Japan reporting that,

“Japan’s stock market falls over 4,000 points, the biggest single-day drop.”

For instance, Japan bought up the Magnificent 7 and the SPY; thus, such a market crash would have a massive impact on BTC and the whole crypto market.

See also  Beyond Bitcoin: How MicroStrategy stock beat the crypto market

Apart from Japan, Taiwan’s stock market has suffered its worst day in 57 years. With increased fears of a recession in the U.S. economy, futures are plummeting.

What price charts suggest

Over the past 24 hrs, BTC has declined by 17%, thus continuing a month-long decline. Over the past 30 days, BTC has declined by 5%, resulting in a market cap drop below $1T to $990B, according to CoinMarketCap.

Source: TradingView

Thus, AMBCrypto’s analysis showed that BTC was experiencing a strong downward momentum.

The crypto’s Directional Movement Index (DMI) showed a sustained downtrend, with the positive index at 26 sitting below the negative index at 29.

Also, On Balance Volume has declined over the 24 hrs, suggesting the crypto was experiencing strong selling pressure.

Source: Coinglass

Looking further, ABCrypto’s analysis of Coinglass showed that its Open Interest had declined from $37B to $31B. Such a decline in Open Interest shows that leveraged positions are forcefully closed.

Investors betting on price increases are closing their positions at a loss without opening new ones.

Source: Coinglass

This phenomenon is further strengthened by increased liquidation for long positions. Liquidation for long positions has increased from $105M to %200M on daily charts.

This suggested that the holders are unwilling to hold their positions as they lack confidence in BTC’s current direction.


Read Bitcoin’s [BTC] Price Prediction 2024-25


Will BTC decline below $50k?

BTC has declined from $66k to $50k over the last week. With increased financial market concerns and bearish sentiment, the crypto market is set for a volatile August.

Therefore, if the prevailing market conditions persist and BTC closes below $50670 on daily charts, it will find its next support around $47779.

Previous: FBI’s crypto warning as India, Australia join global crackdown: ‘Fraud alert!’
Next: Jump crypto unstakes $314.8M Ethereum as ETH drops 30%: What’s going on?
Tags: 50kBTCDeclineNEARsTime

Related Posts

Bitcoin must pass $63.2k soon, for THIS vital reason
Bitcoin

Bitcoin nears $91K as buying pressure soars, but challenges emerge

November 17, 2024
Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice
Bitcoin

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

November 17, 2024
FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet
Bitcoin

FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet

November 17, 2024
Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K
Bitcoin

Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K

November 16, 2024
Will miner selling pressure be Bitcoin’s hurdle to $100K?
Bitcoin

Will miner selling pressure be Bitcoin’s hurdle to $100K?

November 16, 2024
Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…
Bitcoin

Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…

November 16, 2024
Next Post
Top NFT Collections in Terms of Sales This Week

Top NFT Collections in Terms of Sales This Week

Comments 27

  1. guwr3 says:
    3 months ago

    can i order generic clomid without a prescription get cheap clomid online can i buy clomid price can you get generic clomid without a prescription can i buy clomid no prescription clomid other name can you get cheap clomid without rx

    Reply
  2. best place order cialis says:
    3 months ago

    The sagacity in this tune is exceptional.

    Reply
  3. buy flagyl online says:
    3 months ago

    More content pieces like this would insinuate the web better.

    Reply
  4. wdyep says:
    3 months ago

    order azithromycin generic – zithromax 250mg usa flagyl 400mg canada

    Reply
  5. 82lnj says:
    3 months ago

    buy semaglutide 14 mg – semaglutide tablet periactin pill

    Reply
  6. cze6u says:
    2 months ago

    buy motilium generic – brand sumycin cyclobenzaprine over the counter

    Reply
  7. 5q51a says:
    2 months ago

    purchase augmentin for sale – https://atbioinfo.com/ ampicillin drug

    Reply
  8. b564i says:
    2 months ago

    buy esomeprazole medication – https://anexamate.com/ order generic nexium

    Reply
  9. s6vt7 says:
    2 months ago

    warfarin brand – https://coumamide.com/ losartan for sale

    Reply
  10. powza says:
    2 months ago

    buy mobic online – https://moboxsin.com/ mobic us

    Reply
  11. mp4sp says:
    2 months ago

    amoxil buy online – comba moxi buy amoxil pill

    Reply
  12. 3q2wn says:
    2 months ago

    buy forcan sale – https://gpdifluca.com/# buy diflucan pills for sale

    Reply
  13. 8z8vk says:
    2 months ago

    lexapro order online – anxiety pro order escitalopram 20mg generic

    Reply
  14. akgv0 says:
    2 months ago

    purchase cenforce online cheap – site cenforce 50mg tablet

    Reply
  15. wstxh says:
    2 months ago

    cialis overnight shipping – https://ciltadgn.com/# cialis vs flomax

    Reply
  16. zr8c0 says:
    2 months ago

    how many mg of cialis should i take – strongtadafl how long does cialis take to work

    Reply
  17. Connielet says:
    2 months ago

    buy zantac 150mg for sale – zantac medication order zantac sale

    Reply
  18. ftvle says:
    2 months ago

    do need prescription order viagra – https://strongvpls.com/ sildenafil 100 mg tablet

    Reply
  19. Connielet says:
    1 month ago

    More posts like this would persuade the online time more useful. synthroid espaГ±ol

    Reply
  20. l3qg0 says:
    1 month ago

    I am in fact thrilled to coup d’oeil at this blog posts which consists of tons of useful facts, thanks object of providing such data. prednisone 20 milligrams

    Reply
  21. Connielet says:
    1 month ago

    This is a theme which is forthcoming to my heart… Numberless thanks! Quite where can I upon the connection details due to the fact that questions? https://ursxdol.com/get-cialis-professional/

    Reply
  22. 75nxe says:
    1 month ago

    This is the kind of literature I positively appreciate. https://prohnrg.com/

    Reply
  23. o0u96 says:
    1 month ago

    Thanks towards putting this up. It’s okay done. https://aranitidine.com/fr/prednisolone-achat-en-ligne/

    Reply
  24. Connielet says:
    3 weeks ago

    I couldn’t turn down commenting. Warmly written! https://ondactone.com/spironolactone/

    Reply
  25. Connielet says:
    3 weeks ago

    I am in fact thrilled to gleam at this blog posts which consists of tons of useful facts, thanks object of providing such data.
    https://proisotrepl.com/product/domperidone/

    Reply
  26. Connielet says:
    2 weeks ago

    Greetings! Jolly gainful par‘nesis within this article! It’s the little changes which will make the largest changes. Thanks a a quantity for sharing! http://www.predictive-datascience.com/forum/member.php?action=profile&uid=44943

    Reply
  27. Connielet says:
    5 days ago

    purchase xenical pills – click buy xenical 60mg pills

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024
How to Earn Keys to Boost Your HMSTR Airdrop

How to Earn Keys to Boost Your HMSTR Airdrop

September 10, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

Game On: Inside Telegram’s Growing Web3 Gaming Empire

Game On: Inside Telegram’s Growing Web3 Gaming Empire

October 21, 2024
ETH users turn to private transactions over frontrunning.

ETH users turn to private transactions over frontrunning.

August 22, 2024
Sui Gaming Stablecoin Launching for SuiPlay0X1 Handheld, Playtron Ecosystem

Sui Gaming Stablecoin Launching for SuiPlay0X1 Handheld, Playtron Ecosystem

May 2, 2025
Spearheading crypto dominance with stellar keynote & 30,000x ROI Potential

Spearheading crypto dominance with stellar keynote & 30,000x ROI Potential

June 10, 2024

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • Through pullback US Bitcoin ETFs buy 3.6 times daily issuance as inflows streak hits four days
  • PENGU token loses 20% in August amid Pudgy Party game launch
  • Auto Giant Unveils Impressive 153 BTC Haul

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.