Chain News by Thebittimes.Com

The Bitcoin price plunged 5% in the last 24 hours to trade at $61,489 as of 11:58 p.m. EST on trading volume that surged 14% to $45 billion. The dive followed economic data in the US that showed hiring slumped, while unemployment rose for a fourth month in July, stoking fears that the Federal Reserve may have waited too long to start lowering interest rates. Some Fed watchers are now concerned that the central bank should have decided at a meeting this week to lower rates for the first time in four years. This could have allowed them to get ahead of a slowing US economy without risking it tipping into a recession. Bitcoin Price Bearish – Could The Bulls Stage A Trend Reversal? The Bitcoin price continued with the bearish trend, dropping below the 200-day Simple Moving Average (SMA) according to our Analysis yesterday, dropping to $60,640. BTC now trades below the lower boundary of the falling channel and below the 50-day and 200-day SMAs, which support the bearish stance. Meanw

PEPE , one of the top meme coins in the crypto space, is currently at a crucial point as it approaches its long-standing bullish trend line. As the price draws near the bullish trend line, a break below it could signal a major shift in market sentiment, triggering a price draw down to the $0.00000766 mark. This article provides an in-depth Analysis of the current price action, focusing on the bullish trend line. It examines whether a potential break below this line could drive the price to the critical support level at $0.00000766 or if a potential reversal is on the horizon.  As of the time of writing, PEPE’s price has dropped by 5.10%, trading at approximately $0.00001005 in the past 24 hours. PEPE boasts a market capitalization exceeding $4.2 billion and a trading volume surpassing $821 million. The asset’s market cap has decreased by 5.32%, while its trading volume has increased by 35.01% in the past 24 hours.

The crypto market has seen a relatively quiet few months, with Bitcoin currently sitting below $65k and most major coins failing to show growth. However, each week new low cap coins continue to see big pumps, with meme coins and P2E tokens showing to be particularly bullish of late. Here’s a look at five potential gems that could be poised to explode this summer. Pepe Unchained (PEPU) Pepe Unchained is an innovative layer 2 meme coin aiming to revolutionize the ETH meme coin space. PEPU offers a comprehensive meme coin development environment, providing 100x faster speeds than ETH, minimal speeds, and a dedicated block explorer. The token has raised over $6.7 million in its presale, selling for $0.0088044 per token. With investor interest mounting, experts like Crypto Gains, a YouTuber with over 130,000 subscribers are sin

The regular presale phase of the AI trading meme coin WienerAI initial coin offering may have ended, but there is still time to snag the token before it is listed on exchanges. $WAI lists on top-tier exchanges on Monday 5th August, according to an X post from the team. However, even though the presale-proper has ended, the accommodating team at WienerAI, in order to satisfy persistent demand, has allowed latecomers to still buy the token. Priced at $0.00075, this atypical meme coin has raised over $9 million from salivating investors attracted by its artificial intelligence trading use case.  Meme coins remain the most popular sector of the crypto market as buyers hunt for 100x return potential. However, those coins that stand out from the crowd have the best chance of becoming return-on-investment winners. As the crypto market retraces under pressure from the Mt. Gox distribution to creditors, investors are looking favorably on projects such as WienerAI, whic

The Dogwifhat price plunged over 11% in the last 24 hours to trade at $2.03 as of 12:40 a.m. EST as investors offload their holdings in the meme coin on the market. With this recent pull back, the WIF price is also in the red by more than 19% on the weekly timeframe and 11% over the past month. The Dogwifhat Price At A Crucial Point 4-hour chart for WIF/USD (Source: GeckoTerminal ) The Dogwifhat price is testing the critical support level at $2.0233. Should the crypto fall below this point, it might stand the risk of falling to the next key mark at $1.7192 in the following 24 hours.  On the other hand, WIF closing the next three 4-hour candles above $2.0233 could invalidate the bearish thesis. In this alternative scenario, the meme coin might attempt to flip the $2.3272 resistance level into support. Overcoming this technical barrier could then give the Dogwifhat price the space needed to rise to as high as $2.6162 in the short term. Technicals Suggest The Dogwifhat Price Coul