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news-imageOctober 16, 2024

Price analysis 10/16: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

Bitcoin bulls are keen to hit $70,000, but a selloff at this level could trigger a sharp downside in BTC and altcoins.
Publisher: Cointelegraph
Sentiment: Negative
ADA
AVAX

More News Articles

Neutral
cover-imageCoinPedia
October 18, 2024

Can Bitcoin Hit $75000k Levels In The Next Few hours?

The Bitcoin market has stabilized after a volatile start to the week. Bitcoin has faced significant resistance at levels around $67,500 to $68,000. After rejecting this resistance, a pullback seems likely. Although Bitcoin has shown strength recently, the current economic fundamentals could contribute to a downturn.

Positive
cover-imageNewsBTC
October 18, 2024

Bitcoin Holders In Profit Hits 95%: Is BTC Overheating?

On-chain data shows around 95% of all Bitcoin holders are in profit following the latest bullish action that the asset's price has seen. Very Few Bitcoin Addresses Are Still Underwater In a new post on X, the market intelligence platform IntoTheBlock has shared an update on how the Bitcoin holder's profitability is currently looking.

Positive
cover-imageThe Currency Analytics
October 18, 2024

Bitcoin's Dominance Surges to 59% as Whale Activity Intensifies

Bitcoin has regained its dominance in the cryptocurrency market, with its market share climbing to an impressive 58.98%. This marks the highest level of dominance for Bitcoin since April 2021, reflecting a broader trend in which the leading cryptocurrency is outperforming its altcoin counterparts.

Positive
cover-imageBenzinga
October 18, 2024

Elon Musk Touts 'DOGE' Agency While Endorsing Trump During Pennsylvania Town Hall — Dogecoin Goes Soaring Over 8%

Elon Musk, CEO of Tesla Inc. and owner of social media platform X, threw his support behind former President Donald Trump during a campaign town hall on Thursday while floating the idea of a new government agency named after a cryptocurrency meme. What Happened: Speaking to voters in suburban Philadelphia, Musk outlined his vision for the “Department of Government Efficiency” popularly called D.O.G.E.

Neutral
cover-imageNewsBTC
October 18, 2024

Bitcoin Trades Below Global Prices In South Korea, Erasing Long-Standing ‘Kimchi Premium' – Here's Why

Bitcoin (BTC) is trading slightly lower in South Korea compared to the global cryptocurrency markets due to a reverse ‘kimchi premium,' not seen since October 2023. Reverse ‘Kimchi Premium' Makes Bitcoin Cheaper In South Korea According to a report by The Korea Times, there is a price differential of more than $500 between Bitcoin's price in South Korea and global markets.

Positive
cover-imageThe Currency Analytics
October 18, 2024

Ethereum's Path to $3,000 Strengthened by Bullish Indicators

Ethereum (ETH) continues to navigate a dynamic market landscape, recent indicators suggest a growing potential for the cryptocurrency to reach the $3,000 mark. With an uptick in active addresses, significant exchange outflows, and bullish technical signals, Ethereum appears to be positioning itself for a price rally.

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