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The Bitcoin Dominance Index has recorded its most bearish volume session since February 2021, signaling the strongest negative momentum in more than four and a half years. According to Analysis by Master Ananda , this breakdown could mark a key turning point in the cryptocurrency cycle, possibly foreshadowing a crash from the six-figure price levels, he said in a TradingView post on July 20. Bitcoin price analysis chart. Source: TradingView Notably, the bearish signal has emerged as Bitcoin (BTC) attempts to reclaim the $120,000 level after recently hitting a record high above $123,000. Ananda’s Analysis indicates that Bitcoin dominance is breaking down from a steep ascending wedge on the weekly chart, a bearish pattern. The move is backed by a large volume candle, echoing the heavy selling pressure seen during the 2021 and 2022 peaks. At the same time, altcoins are gaining momentum, with Ethereum (ETH) and Litecoin (LIT) leading the charge, while Solana (SOL...

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The global stock markets majorly tanked on Monday losing funds worth trillions of dollars in a single trading session. Institutional funds pulled out from the equity markets as Trump’s tariffs went live on April 2, dubbed Liberation Day. Bitcoin crashed below the $76,000 mark and the dip pushed leading cryptocurrencies into the red. Ethereum, Ripple’s XRP, Cardano’s ADA, Solana, Dogecoin, and Shiba Inu fell double-digits in the charts in the day’s trade. Also Read: XRP vs Solana: 76% vs 11% Growth Potential – Which Crypto Wins in 2025? Source: Coingecko SHIB: What’s Happening With Shiba Inu Amid the Market Crash? Source: MoneyControl.com Shiba Inu is also dwindling in the charts and is down more than 10% in the day’s trade. Its price is hovering around the $0.00001086 mark and has entered the bearish territory. Traders fear taking an entry position now as the bottom could be more deep. Another leg-down from here could pull SHIB below the $0.00001 rang...

Bloomberg Senior Commodity strategist Mike McGlone has cautioned that meme cryptocurrency Dogecoin (DOGE) could play a surprising role in destabilizing financial markets. According to McGlone, this potential destabilization could echo past downturns such as the Great Depression in 1929 and the Dot-com bubble of 1999, he said in an X post on March 17. His Analysis was based on Dogecoin’s market cap trajectory alongside Bitcoin (BTC) and gold, hinting at vulnerabilities in these assets. The expert drew a parallel between Dogecoin’s past rise and the speculative bubbles that preceded major market downturns. Picks for you Legal expert warns Ripple v. SEC delay could crush XRP 21 mins ago XRP whales load up on 150 million tokens — should you b...