Due to the strong downside pressure in the background and bear flag pattern in creation, I see potential for the furhter drop...


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Sen Warren, Democrats clamp down on election gambling amid Polymarket milestone

Sen Warren, Democrats clamp down on election gambling amid Polymarket milestone

Polymarket has seen a surge in trading volume since July as investors' interest in the presidential election speculation has soared. With the hike in election gambling, Democrats moved to enforce a ban on election betting on Monday.

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Ethereum on route to recovery after sustaining over $380 million in liquidations

Ethereum on route to recovery after sustaining over $380 million in liquidations

Ethereum (ETH) is down 11% on Monday after taking heavy losses from the general crypto market crash. While the decline heavily hit long traders, they look set to stage a comeback following increasing exchange outflows.

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Bitcoin could repeat post-COVID style rise: Bitwise

Bitcoin could repeat post-COVID style rise: Bitwise

In a memo to investors on Monday, Bitwise Chief Investment Officer (CIO) Matt Hougan noted that the recent crypto market crash has provided an "opportunity" for Bitcoin (BTC) to replicate a similar move to its rise post-COVID lockdown.

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XRP suffers 7% drop on Monday, hovers around $0.50 support

XRP suffers 7% drop on Monday, hovers around $0.50 support

Ripple (XRP) shared several key updates in its Q2 2024 report. The bullish updates in the report have failed to catalyze gains in XRP since the altcoin was hit by a market-wide crypto correction that pushed it under psychological support at $0.50. 

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Bitcoin: Can BTC rebound from the recent market challenge?

Bitcoin: Can BTC rebound from the recent market challenge?

Bitcoin’s (BTC) price failed to close above $70,000 at the beginning of the week and dropped to $64,000 by Friday. Mt. Gox continues moving Bitcoin to exchanges for repayments to creditors while the Federal Open Market Committee (FOMC) decided to hold US interest rates steady. 

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