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A widely followed crypto analyst and trader is warning that an altcoin market bounce may end up being short-lived. In a new post, pseudonymous crypto trader Altcoin Sherpa tells his 243,900 followers on the social media platform X that alts may give up gains after bouncing based on historical precedence. He also says Bitcoin (BTC) may soon flip $84,000 into support and that the flagship crypto asset could maintain bullish momentum by breaking through the $89,000 level. “BTC looks like $84,000 is the first test that is going to break (to the upside) and we’re ok in that department. $89,000 would be my next level of interest overall. Alts looking like they’ll give a temporary bounce but not sure how strong (yet). Be on guard.” Source: Altcoin Sherpa/X Looking at his chart, the analyst suggests that if Bitcoin can regain $98,703 as support, the flagship crypto asset may print new all-time highs. However, he warns if $78,167 breaks down as ...

Meme cryptocurrency Dogecoin (DOGE) continues to grapple with bearish sentiment as it aligns with the broader market downturn. The recent decline has placed significant pressure on DOGE to maintain its price above crucial support levels, with the current $0.15 threshold appearing increasingly uncertain. Attention has now shifted to how long the support will hold, particularly considering on-chain data indicating heightened activity among whales in the Dogecoin ecosystem. Notably, data by Whale Alert on April 14 revealed that 600 million DOGE, valued at approximately $92 million at the time of transfer, moved from an unknown wallet to crypto exchange Binance.  600,000,000 #DOGE (92,311,146 USD) transferred from unknown wallet to #Binancehttps://t.co/W0QjkyOacJ — Whale Alert (@whale_alert) April 13, 2024 Additionally, another 350 million DOGE, valued at around $53.92 million, moved from Robinhood to an undisclosed wallet. Picks for you Ripple sells 100 m...

OKX has expanded its digital asset offerings by integrating various inscription token standards, including Dogecoin Ordinals, into its wallet and marketplace. The integration process begins with the Bitcoin token standard, SRC-20 (Stamps), allowing users to view and transfer different inscription standards. OKX Wallet plans to incorporate ARC-20 (Atomicals), DRC-20 (Doginals), and Runes by late February. Concurrently, the OKX Marketplace will integrate these standards , enabling the purchase and sale of DRC-20, ARC-20, and Runes inscription s without fees. We're the first-to- market with four new inscription token standards across #Web3 Wallet and Marketplace: ️ Atomicals ️ Stamps ️ Runes ️ Doginals Details here: https://t.co/c0LAuwKrhP pic.twitter.com/wkKpHUShe8 — OKX (@okx) January 29, 2024 The development is part of a broader trend where new token standards on various blockchain platforms are named distinctively, such as PRC-20 on Polygon PoS, Ethscriptions on Et...

Bitcoin price is currently near $40,480 after falling 3% in the past 24 hours. BTC faces pressure as Grayscale sells more Bitcoin amid GBTC outflows.  Bitcoin (BTC) price saw another sell-off bout on Monday as the crypto fell more than 3% to hover just above the key $40,400 level. With today’s BTC decline, the global crypto market cap has also dipped by about 4% in the past 24 hours to $1.65 trillion. The outlook is one of widespread altcoin weakness – Ether prices have dropped below $2,400, Solana under $87 and XRP towards $0.52. Injective, Near Protocol and Avalanche are some of the biggest losers on the day with near double-digit declines in the past 24 hours. Bitcoin price dips amid Grayscale BTC dump The flagship cryptocurrency’s struggles came as GBTC issuer Grayscale Investments transferred more of its BTC holdings to Coinbase Prime. Prices fell sharply last week amid the growing GBTC outflows. As on-chain data from blockchain...

Eyes are on $28,000 support to hold in the event of continued downside, but Binance order book data warns that even this may be “rugged.” Bitcoin (BTC) recovered from new 10-day lows at the April 20 Wall Street open as the United States jobs data boosted investor confidence. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price: “Lights out” at $28,000? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing upward after hitting $28,360 on Bitstamp. Amid an ongoing correction, the pair nonetheless failed to reclaim even $29,000 as support as U.S. unemployment data hinted that tighter financial conditions were working to cool inflation. Spot gold became the main risk asset beneficiary, climbing back above $2,000 on the day. XAU/USD 1-hour candle chart. Source: TradingView U.S. equities opened higher but subsequently reversed their uptick, with the S&P 500 and Nasdaq Composite Index down 0.6%. With BTC/USD circling $28,800 at the time of writing,...