The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
Bitcoin

Will Crypto Market Crash Again This Weekend?

by Miki 07/09/2021
by Miki 07/09/2021 0 comment

The Crypto market tends to see price dips during the weekends and as we approach another one, the market volatility has started to show signs of sell-off again. The crypto market cap dipped below $1.4 trillion as Bitcoin and major altcoins traded in red with a small glimpse of green.

Source: Coin360

The market experts believe there are numerous reasons for the regular weekend sell-offs pattern that includes the absence of banking facilities which limit traders from adding more cash to their account and as a result low trading volumes on weekends. The low trading volumes often create selling pressure but are followed by a rebound on late Sunday as Asian markets open up.

Margin trading on weekends is also one of the key reasons behind the market price swings where traders borrow money from exchanges to trade at high leverages. If the price of the crypto asset falls below the margin call, exchanges have to sell the crypto assets of traders who fail to repay the loan. This put additional selling pressure leading to weekend volatility.

As we approach another weekend, the dominant bearish sentiments indicate another weekend crash on the cards. It is to be seen whether Bitcoin and major altcoins manage to hold onto their key support levels or perish to the market sell-off.

Read More: Is There More Pain Ahead for Ethereum (ETH) Holders? Key On-Chain Metrics To Watch Out

Crypto Market Lost $120 Billion in Two Days

The crypto market lost a combined total of $120 billion over the past two days as sell-offs continued among investors. Bitcoin’s (BTC) price fell below $33K support and currently trading at $32,689 trying to gain back the key support.

During our last bull run, there were multiple instances where BTC Dom spiked for some relief on its way down. I still fully expect new ATL on BTC Dom before this bull run is over. Eyes on alts if/when BTC Dom hits 50-55%. That will probs be the BEST time to load up on alts. $BTC https://t.co/lAwyOSnNjD pic.twitter.com/RsfpHqEFPO

— CrediBULL Crypto (@CredibleCrypto) July 8, 2021

 

The top cryptocurrency managed to breach key resistance of $36K last weekend but failed to solidify its position and slipped under $35K soon after.

Ethererum (ETH), the second-largest cryptocurrency started the week on a high registering a new weekly high above $2,400. However, the second-largest cryptocurrency fell below $2,100 briefly and now on the verge of retesting the $2,000 key support level. The weekend might get bloodier for the altcoin as it faces robust seller congestion between $2,182 and $2,243.

Apart from the top two cryptocurrencies, major altcoins such as Litecoin (LTC), XRP, Cardano (ADA), Solana (SOL) have all been trading in red and the loss is believed to widen further as we approach the weekend.

Dogecoin (DOGE), the meme currency and Elon Musk’s favorite had quite a turnaround over the past hour where it turned from worst performing altcoin in the top-10 to the best performing one. The trend reversal was inspired by Musk’s promotion for the meme currency as more efficient than Bitcoin and Ethereum.

Over the past 24 hours, Ethereum has lost 3.47%, Cardano is down by 2.88%, Ripple price fell by 1.5%, Binance Coin registered a 2% decline while Dogecoin has gained 6%.



Source link

Views: 0
CrashCryptoMarketweekend
Share
0
FacebookTwitterPinterestEmail
previous post
Dogecoin Price Up 4.8% to $0.224 – Where to Buy DOGE
next post
Ethereum Price Struggles As London Hard Fork Looms, Falls 4% To Lose $2,300 Hold

Related Posts

Elon Musk thinks this individual could be the...

12/29/2021

Bitcoin price trades under $48k as $6 billion...

12/29/2021

Indian security regulator warns mutual funds against investing...

12/29/2021

Bitcoin Will Remain ‘Digital Gold’, But Not A...

12/29/2021

Key Factors that Propelled Ether’s 4X Growth over...

12/28/2021

Gold Proponent Peter Schiff Claims Bitcoin is Losing...

12/28/2021

Trend Is Again Shifting From Outflows To Inflows

12/28/2021

Why Bitcoin Will Never Surpass The Market Cap...

12/28/2021

Crypto hacks led to $9.8 billion in losses...

12/28/2021

Is Bitcoin (BTV) Going To Hit $100k? Ambitious...

12/28/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • Tezos, Polkadot, Dogecoin Price Analysis: 20 July

  • AMC Now Accepts Bitcoin, Ethereum, Two Other Cryptos, Dogecoin To Follow

  • How Polygon Sealed A $400M Deal To Get Ahead In Ethereum ZK Rollup

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$30,150.003.46%
  • ethereumEthereum(ETH)$2,009.282.42%
  • tetherTether(USDT)$1.000.04%
  • usd-coinUSD Coin(USDC)$1.000.07%
  • binancecoinBNB(BNB)$305.433.74%
  • rippleXRP(XRP)$0.4197261.15%
  • Binance USDBinance USD(BUSD)$1.00-0.02%
  • cardanoCardano(ADA)$0.531.42%
  • SolanaSolana(SOL)$52.062.33%
  • dogecoinDogecoin(DOGE)$0.0864650.77%
  • polkadotPolkadot(DOT)$10.041.36%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$30,158.003.69%
  • Lido Staked EtherLido Staked Ether(STETH)$1,973.562.61%
  • AvalancheAvalanche(AVAX)$29.78-2.59%
  • tronTRON(TRX)$0.0737172.17%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • Shiba InuShiba Inu(SHIB)$0.000012-0.02%
  • daiDai(DAI)$1.000.39%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • litecoinLitecoin(LTC)$71.145.18%
  • CronosCronos(CRO)$0.1949153.69%
  • LADZLADZ(LADZ)$0.0686894.36%
  • leo-tokenLEO Token(LEO)$4.970.42%
  • matic-networkPolygon(MATIC)$0.65-0.02%
  • FTX TokenFTX Token(FTT)$30.731.91%
  • NEAR ProtocolNEAR Protocol(NEAR)$6.030.26%
  • HederaHedera(HBAR)$0.389473-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$194.270.24%
  • RareRare(RARE)$0.0461220.00%
  • chainlinkChainlink(LINK)$7.111.60%