Market Analysis
Welcome to CoinEdition’s page for Market Analysis! On this page, we’ll compile all of our market analysis and price prediction content to help us all understand and discover the technical world of analysis. Market Analysis in the cryptocurrency space is no different from professional analysis for stocks, ETFs, and Forex. At CoinEdition, we make sure to provide market analysis and price predictions regularly to ensure that you, our readers, have a chance to compete with the ‘big players’. Therefore, grab your Trading View accounts and chart pattern cheat sheets, and let’s all dive into the wonderfully technical world of Market Analysis at CoinEdition.
Key Economic Data to Influence Crypto Market This Week
Key economic data releases this week, including housing market figures and jobless claims, are expected to influence the crypto market. With Bitcoin hovering around $68,000 and Ethereum at $2,700, traders...
SEC Approves Bitcoin ETF Options on NYSE: A New Era for Crypto Traders
The Securities and Exchange Commission has given the green light for the New York Stock Exchange (NYSE) to begin trading options on Spot Bitcoin Exchange-Traded Funds. This approval will allow...
TRON DeFi Explodes with SunPump Launch, DEX Volumes Surge 150%
TRON’s decentralized finance (DeFi) network is booming, thanks to the launch of SunPump, a new memecoin platform. This has driven significant growth in decentralized exchange (DEX) volumes and overall network...
Stripe’s Largest Acquisition Yet: Stablecoin Startup Bridge for $1 Billion
Stripe is reportedly in the final stages of negotiations to acquire Bridge for $1 billion. Sources close to the matter say that while the deal is not yet finalized, the...
Trump and Harris Crypto Policies: What U.S. Election Means for Australia
As the United States election approaches, the policies of Donald Trump and Kamala Harris on crypto asset regulation are predicted to have a significant impact, especially for Australians. With millions...
South Africa Ramps Up Crypto Tax Enforcement, Audits to Follow
The South African Revenue Service (SARS) is increasing its scrutiny of crypto asset holders and traders, warning that individuals must report their digital assets on their tax returns. With an...
TON Holders Soar to 90 Million, Marking 2400% Growth
TON has exploded in popularity in 2024, with the number of token holders skyrocketing by 2400%. As of October 2024, there are over 90 million $TON holders, showing the platform’s...
Falling USDT Dominance Hints at Potential Altcoin Market Rebound
The dominance of Tether (USDT), the largest stablecoin by market capitalization, has dropped significantly over the past year, possibly indicating an impending altcoin rally. This decline coincides with Bitcoin’s struggle...
Dogecoin’s Big Break: Spirit Blockchain Capital Acquires Dogecoin Holdings
Spirit Blockchain Capital Inc. is buying Dogecoin Portfolio Holdings. This deal should strengthen Spirit Blockchain’s position in the digital asset management sector, especially in the Dogecoin ecosystem. Spirit Blockchain Capital...
Is Now the Time to Buy Ethereum? Buterin’s Comments Spark Optimism
Ethereum’s price held steady around $2,400 – $2500 during a volatile 24 hours and Vitalik Buterin’s latest comments have some investors feeling bullish, piquing their interest on whether this is...
Cardano’s ADA Used in Argentina’s First Legal Smart Contract
Cardano’s ADA cryptocurrency has been used to execute Argentina’s first legally binding and judicially enforceable smart contract. This development allows contracts written in ADA to be upheld in Argentine courts,...
EigenLayer Token Unlock Hits Snag: Price Dips and Security Concerns
EigenLayer’s token unlock, which happened last week, has led to disputes and price fluctuations, worrying investors. The token’s price has been falling since the unlock, raising questions about what may...
Inverse Head-and-Shoulders Pattern in Altcoin Season Index Hints at Bullish Breakout
The cryptocurrency market may be in for a breakout as the Altcoin Season Index has formed a bullish inverse head-and-shoulders pattern over the past 3.5 years. This strong bullish signal...
Crypto Takes Over Football: Sponsorship Deals Soar to $170 Million
Crypto firms are investing heavily in English football, with sponsorship deals for the 2024/25 Premier League season totaling nearly £130 million ($170 million). Sports sponsorship agency SportQuake reports this trend...
Ex-SEC Enforcement Chief Grewal Joins Milbank LLP: Crypto Impact?
Former U.S. Securities and Exchange Commission (SEC) Enforcement Director Gurbir Grewal has joined Milbank LLP. Grewal’s departure comes as the SEC filed its appeal notice in the Ripple case, leading...
Cardano’s “Ghost Chain” Debate Reignites as ADA Falls
Cardano continues to draw criticism from the crypto community over its low transaction volume and declining market performance. Despite $22 billion locked within the network, the platform handles only 1.3...
BlackRock: Ethereum’s Complexity Impacts ETHA ETF Growth
BlackRock’s Ethereum ETF, ETHA, is significantly underperforming compared to its Bitcoin ETF, IBIT. Robert Mitchnick, BlackRock’s head of digital assets, acknowledged this at the Messari Mainnet conference in New York....
Altcoin Winners and Losers in Latest Bull Run: A Comparative Analysis
The altcoin market is seeing renewed interest as Q4 approaches, with several tokens showing promising signs of growth across Total Value Locked (TVL), trading volume, and revenue. Crypto enthusiasts have...
Will Ripple’s RLUSD Stablecoin Succeed Where AUDD Failed?
Ripple’s announcement of their RLUSD stablecoin has sparked debate within the crypto community, especially because of the challenges faced by Novatti Payments’ AUDD stablecoin. AUDD was supposed to be listed...
CryptoQuant Founder: Web3 Needs Smart Regulation to Drive Global Collaboration
Ki Young Ju, the founder of CryptoQuant, believes Web3 has the potential to transform global collaboration on a scale surpassing even Google. He argued that with the right regulations in...
Crypto Fear & Greed Index Hits ‘Greed’ Zone as Market Sentiment Improves
The Crypto Fear & Greed Index, a widely followed metric to track market sentiment in the crypto sector, hit 61 on September 27, up slightly from the previous day’s score...
Turkey Scraps Stock and Crypto Taxes, Easing Investor Concerns
Cevdet Yilmaz, the Vice President of Turkey, has stated the government is not planning to introduce a tax on profits from stock trading or crypto assets this year. Speaking to...
Binance Backs Firo Upgrade: Price Surges 3% to New Highs
Binance, a major global cryptocurrency exchange, has thrown its weight behind the upcoming hard fork and network expansion of Firo, a privacy-focused digital currency formerly known as Zcoin. This development,...
Did Jason Derulo Pump and Dump PUMP Token? A Closer Look at the Data
Jason Derulo’s recent tweet mentioning “pumpdotfun” has coincided with a surge in trading activity for the PUMP token, despite a slight price dip in the past 24 hours. PUMP’s price...
2024 Q1 Sees Significant Surge in Crypto Fundraising; Startups Gain $2.4B
PitchBook reveals 2024 Q1’s substantial increase in crypto fundraising, with startups accumulating $2.4 billion. Ethereum’s EigenLayer has raised $100 million in a Series B funding round. Together AI secures the...
