Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Cryptocurrency»Bitcoin, Ethereum, Dogecoin Slide Further: ‘I Wonder If Someone Knows Something,’ Trader Wonders
    Cryptocurrency

    Bitcoin, Ethereum, Dogecoin Slide Further: ‘I Wonder If Someone Knows Something,’ Trader Wonders

    August 27, 20242 Mins Read


    Cryptocurrency markets are trading lower as markets await economic data releases and Nvidia earnings later this week.

    Cryptocurrency Price Gains +/-
    Bitcoin BTC/USD $62,095.80 -2.3%
    Ethereum BTC/USD $2,589.24   -3.9%
    Solana SOL/USD $154.87 -2.2%
    Dogecoin DOGE/USD $0.1045 -0.9%
    Shiba Inu SHIB/USD $0.00001447 -0.2%

    Notable Statistics:

    • Bitcoin’s large transaction volume surged 54.8%, together with a 23.6% increase in daily active addresses, according to IntoTheBlock data. Currently, 87% of Bitcoin holders are in profit as large transactions spiked from 5,665 to 7,926 in a single day.
    • Coinglass data shows 47,360 traders liquidated in the past 24 hours for $120.6 million.
    • Crypto chart analyst Ali Martinez notes Binance top traders buying the Bitcoin dip. He stated, “almost 65.22% of them are going long on Bitcoin.”

    Notable Developments:

    Top Gainers:

    Cryptocurrency Price Gains +/-1
    Helium HNT/USD $7.13 +8.2%
    Floki FLOKI/USD $0.0001577 +5.9%
    Notcoin NOT/USD $0.009033 +4.2%

    Trader Notes: Crypto Con stated that Bitcoin 2024 is the same as 2023 with a one-month lag. The trader predicted, “another local high lining up with 2023…waiting on next local low.” He predicts a September recovery.   

    Crypto chart analyst Ali Martinez predicted that if Bitcoin can close above $65,440, the next local top will be around $86,910.

    Crypto trader Jelle believes there will be a dip early next week, which could be a good opportunity. The trader added, “Hold current prices and a push towards $70,000 wouldn’t surprise me.”

    More Crypto Online noted Bitcoin “breaking wave 4 support today, casting doubt on its ability to complete a third wave.” The prediction of $66,800 points to a tentatively bullish primary outlook. Also, for this bullish outlook to hold, wave B of wave 3 needs to stay above $57,990.

    Altcoin Sherpa is curious to know if someone knows something, as there is controlled selling in last few days.

    What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

    Read Next: 

    Image: Shutterstock

    Market News and Data brought to you by Benzinga APIs

    © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    France arrests five over cryptocurrency kidnapping

    Cryptocurrency

    SEC-Davao monitoring 4 entities allegedly involved in cryptocurrency scams

    Cryptocurrency

    Russia Developing Cross-Border Digital Payment with BRICS

    Cryptocurrency

    Regal Investments Commits $30 Million to Cryptocurrency Prop Trading Initiative

    Cryptocurrency

    Banks must build trust to thrive in digital age 

    Cryptocurrency

    Digital Pound? Bailey’s Right to Be Wary

    Cryptocurrency
    Leave A Reply Cancel Reply

    Top Picks
    Investments

    Basic Retirement Pension : le CDS réclame une application plus humaine

    Commodities

    Lukashenko sets tasks for Kupalovskoye company, Shklov District agricultural sector 

    Cryptocurrency

    Keep Calm And Buy Bitcoin (Cryptocurrency:BTC-USD)

    Editors Picks

    Capstone Copper Corp. réitère ses prévisions de production consolidée pour 2025

    May 1, 2025

    Action Align Technology, Inc. | Cours ALGN Bourse Nasdaq

    January 16, 2025

    African commodities giants House of Commodity, Zéro Ferro set sights on global market dominance

    March 24, 2025

    More time and fewer regulations for water utilities on ‘forever chemicals’

    June 16, 2025
    What's Hot

    What is Orichalcum – the ‘lost metal of Atlantis’?

    July 17, 2024

    Nanjing Public Utilities Development Co., Ltd. propose un dividende final en espèces pour l’année 2024

    April 11, 2025

    Mitsubishi Materials transfère ses parts dans la mine Copper Mountain à Hudbay Minerals

    March 27, 2025
    Our Picks

    Ivanhoe avance vers l’objectif de 600 000 tonnes de cuivre à Kamoa-Kakula en 2026

    March 18, 2025

    Bitcoin Becomes Hot Election Topic as Trump Flirts with Idea of a Strategic National Reserve

    August 25, 2024

    India’s elite is embracing overseas investments to unlock global wealth

    June 11, 2025
    Weekly Top

    La première place pour les électriques à l’EcoGreen Energy 2025

    June 21, 2025

    Gold Cup | Le onze probable du Canada

    June 21, 2025

    Here Are My Top 3 High-Yield Energy Dividend Stocks to Buy Now

    June 21, 2025
    Editor's Pick

    Pourquoi les biocarburants se tournent vers l’énergie et l’aviation

    June 6, 2025

    Why Did Tony Bennett Retire? UVA Basketball Coach Explains Decision

    October 19, 2024

    Asante Gold veut apporter 10 tonnes à la production d’or du Ghana en 2025

    May 5, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.