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.
Read MoreThe 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.
Read MoreBitcoin, 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.
Read MoreToncoin (TON), which had been enjoying a strong run recently, has seen its gains evaporate as investors cash in on profits. The price of TON surged earlier this week, but has since pulled back, currently trading around $7.10.
Read MoreBitcoin (BTC) experienced a slight decline to $69,200 early Tuesday following a brief surge above $70,000 late Monday, driven by profit-taking. The movement in BTC prices mirrored fluctuations in major U.S. stock markets, reflecting overall market sentiment.
Read MoreDogecoin may be on the verge of a massive sell-off that would wipe away its value since a sizable portion of its coins are poised to turn a profit. It wouldn't be unusual in such a situation to witness a significant number of investors liquidate their assets in an attempt to make a profit.
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