Cointelegraph by Nancy Lubale
BNB price continues to show strength, leading traders to place an $800 price target on the Binance exchange token.
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Politically themed memecoins defy the crypto market’s drab performance by rallying in excess of double-digit gains.
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ETH price has underperformed Bitcoin, but Glassnode analysts say data suggests the crypto market remains in the “early stages of a macro uptrend.”
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Memecoins are underperforming Bitcoin today, which could be a sign that traders will pay more attention to BTC’s post-halving recovery.
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DOGE price is up today as on-chain data shows and uptick in network activity and Dogecoin wallet balances.
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Analysts forecast a Bitcoin run above $100,000 now that BTC reclaimed the $61,000 level.
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Bitcoin price shows signs of a recovery, but analysts are uncertain whether the strongest part of the correction has passed.
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Bitcoin’s prolonged correction is driven by a sharp decrease in demand for nearly all investor cohorts.
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Data suggests that newer investors are behind Bitcoin’s sell-off, but sell-side exhaustion will eventually mark BTC’s price bottom.
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Concerns over rising inflation and flat spot Bitcoin ETF inflows could be factors in the $435 million outflow from crypto investment funds last week.
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