Global #Profit-taking

PEPE, the popular meme coin, has found itself at a critical juncture as it attempts to secure a vital support level that could pave the way for a potential rise to its all-time high of $0.00001725.

As investors and traders closely monitor the cryptocurrency market, Binance Coin (BNB) has recently become a focal point of discussion due to its significant price movements.

Shiba Inu (SHIB), a prominent meme cryptocurrency, has faced a challenging week marked by significant price declines. Here are some of the key factors contributing to SHIB's recent downturn:

A recent surge in institutional investment for Bitcoin has some traders cautious, fearing a potential price correction. The concern stems from a $530 million inflow into US spot Bitcoin exchange-traded funds (ETFs) reported on July 23rd.

Chainlink (LINK) has been in the news recently due to a surge in both its price and the realized gains of its holders. This price increase coincided with a breakout from a technical chart pattern known as a falling wedge, which can sometimes signal a trend reversal.

Toncoin (TON) has taken a hit, experiencing a 20% price drop recently. This has investors wondering: is this a buying opportunity, or a sign of things to come?

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently experienced a significant price correction after failing to break through the $3,520 resistance level.

Bitcoin, the leading cryptocurrency, has experienced a noticeable decline in recent times, raising concerns among investors and enthusiasts. This downturn has led to discussions about whether the market is entering a bearish phase.

The open interest for Render (RNDR) futures contracts is approaching its lowest point for June, indicating a potential decline in investor activity for the cloud rendering token.

The meme-inspired cryptocurrency, PEPE, has experienced a surge in demand over the past week, propelling its value by 5% to $0.000012. This surge is fueled by renewed interest in the meme coin market and strong buying pressure, as indicated by technical indicators like the Chaikin Money Flow and Elder-Ray Index.

The cryptocurrency market is a complex beast, often driven by sentiment as much as fundamental analysis. One key metric traders and analysts watch closely is the net taker volume, a figure that provides insight into the balance between aggressive buying (takers) and passive selling (makers) on exchanges.

Bitcoin, the world's leading cryptocurrency, has fallen below the crucial $68,000 mark for the first time since early June, raising concerns among investors. This price drop comes amid thin bid liquidity, meaning there are fewer buyers willing to snap up Bitcoin at current prices.