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May 2021 has observed a sudden drop of over 35% in a distinctive leading cryptocurrency market. The market rate has dropped below $ 30,000, which was last observed in the initial days of 2021 but arose after the covid strikes.



A similar steep was observed in November 2018, which was 36.57%. Still, it was due to the stock variation. It was high rates of fluctuations observed in the market, which influenced the all Bear market to consider stabilizing the stock market as their priority. But the sudden decline had compelled the market owner to take calculative risk analysis factors and to be more precise in taking considerations for boosting up the graph in a productive way as it might have a high impact on future investments. 

As already claimed as the Worst Month for BTC price in 10 years, it influences the potential buyer and new investors who were willing enough to buy bitcoins online are now facing a complex situation of how to avoid it in a more effective and convincing way.

Many outcomes are planned to overcome the situation but cannot be implemented until an increase in rates are met which also includes high risk factors for the investor and a long term bond affection with the BTC but expecting this outcome requires the Potential buyer consents and more investors which may result to be more fruitful by the year of 2024 using S24 method . If the current inflation is not met to the equilibrium state.Such drop (around 35%) in Bull market is considered to be miserable and unlikely and requires multiple outcomes to overcome the situation


Top Canadian bitcoins trading firm suggested to focus on five major aspects in Bitcoin after the week moreover these 5 things are mainly put into consideration for all the firms dealing with the cryptocurrencies as well this could be quite effective way to figure out the direction of where BTC /USD is heading in near future. 


Analysis for Macromarketing and its impact of how they could affect the market could be the primary focus for the buyer to take a look in. Moreover, in the USA and Canada, Bitcoin Trading firms are usually in practice for producing a vast span of business from Macro Marketing. The investor over there could be in great orbit if they keep an eye on how it works. Moreover, the condition in Asia is hardly stable except China who manages to maintain a steady and unimaginable growth during the initial months of 2021. Not only this, but China managed to boost their macro market strategies to a great level as compared to the previous year when Sudden lockdown was imposed and affected the industrial market to 32% 


The investors residing in the USA had been at a great advantage as President Joe Biden had spent $ 1.9 trillion for the stimulus checks. Stimulus checks are referred to as the checks rewarded to the taxpayer to maintain economic growth. Such stimulus checks often promoted Bitcoin and encouraged it to become a potential buyer for the market.


Another factor to be brought into the focus should be keeping a close check of whether Bitcoin is successfully retaining its market as per the Bull / Bear market protocols. In such a situation, it seems pretty challenging but not at all impossible as Bitcoin still managed to be on top after a significant decline faced in May 2021. Shortly, Investing in Bitcoin would be highly admirable as Bitcoin gives control back to the people. 


Among the essential factors to be considered, analyzing the potential flow of sellers could play an essential role in the direction of an audience to be captivated for their investment decision. The more the Coins are in circulation of a potential buyer, the more chances are expected to generate a greater flow. Weak handlers might mislead their decision depending upon the contemporary situation in their favor. Moreover, producing new Bitcoins through mining and giving an authoritative hand to bitcoin miners might be convincing.


The difference in funding rates should be negotiated with the Trading Platforms to maintain a general standard for BTC Markets. This factor should be highly considered as a significant investor withdrawal had plunged the market of BTC up to 17%. 

Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.



Dogecoin Price Is Slashing Low, Will It Rebound In Coming Days?



Dogecoin price with its multiple rallies of more than 100% in a day attracted many new investors and traders to the ecosystem. However, the price was shaken since the SNL snub and remained low-key until a fresh slump dragged the price below $0.2. So will the DOGE price still go to the Moon?

The cryptocurrency that began its journey as a joke or a meme, remained constant below one cent till the end of January 2021. Then something big happened, the DOGE price along with GameStop showcased an eye-catching rally. The value of DOGE shot up to 7.5 cents within a small time frame and slid down closer to 2 cents rapidly. 

The meme token, Elon Musk tweeted about continuously, reached an all-time high in mid-April. The market capitalization also spiked, securing its place within the top 3. However, the dip that followed squeezed more than $60 billion. Since then, the price rallied very occasionally and the cryptocurreny may require little more time to go to the moon.

Also Read: Dogecoin Price On Discount, Will The Bulls Jump In To Make Profit?

Dogecoin Price Analysis, What Is Awaited For The Currency Next!

The entire crypto space is trembling with the FUD probably due to some external factors which resulted in a serious drain. The Bitcoin prices were slashed along with most of the cryptocurrencies in the space. Dogecoin price too could not sustain the trembled situation and dipped profusely. 

DOGE price currently is attempting very hard to sustain above $0.2 which appears to be a very tough job to accomplish. Despite the decline, the price tried to pull a leg up in the early trading hours but failed. The dip was so harsh that the RSI levels in the hourly chart dipped below 10. However, a little recovery again raised these levels above 40. 


The trading volume also jumped notably and impressively the buying volume uplifted the price from the monthly lows around $0.16. Currently, at the press time, the dogecoin price is $0.2021 with a drop of 21.16% in the past 24 hours. 

Currently, it is mandatory for the dogecoin price to sustain above $0.2 and head towards the resistance levels around $0.29. But if the dip continues, revisiting the lower support levels at $0.107 and later around $0.06 may be imminent. The indicators for the DOGE price point a sell signal, which is a little worrisome for the cryptocurrency right now.

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Will Bitcoin Death Cross Pave Way for a Golden Cross



Bitcoin plunged to a two-week low on Monday, falling as much as 11.4% to $31,735. The flagship crypto has been highly volatile, as it has dropped more than 20% in the last six days and is almost half the price of its April high of nearly $65,000.

The token’s price pattern on the charts has recently formed a death cross pattern. i.e, the crossing of BTC’s 50-day moving average below the 200-day moving average.

This infamous pattern has triggered a conversation amongst traders and analysts. While some consider it as a bearish indicator, some believe the prices will recover and surge higher than ever before.

Historically, Bitcoin’s formation of a death cross in March 2020 proved no hindrance to profits, as it rose two months later and formed a golden cross. However, a death cross in November 2019 resulted in the coin’s price falling a month later.

Popular analyst and trader Benjamin Cowen has weighed in on the death cross pattern. He believes that moving averages are lagging indicators that often tell us what we already know.

Cowen says Bitcoin will have lengthy bull cycles, and it is in for a long period of consolidation and range. The expert claims that he believes BTC Price will reach $100,000, but that it will take longer than most people think.

The analyst believes that now that the death cross is nearly complete, Bitcoin bulls can look forward to a probable “golden cross”.

“One nice thing about a death cross is that the next thing you can maybe look forward to is a future golden cross. Now, I don’t know how long it’ll take… We know that historically speaking, at least in recent years, it could take six months before we get above the 20-week [moving average] and then hold it as support.”

Not just Cowen, Popular analyst Plan B has also weighed in, He took to Twitter and pointed at the timelines of previous death crosses in Q4 2019 and Q1 2020 and what followed further.

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If Bitcoin Price breaches this level, an Altcoin season will begin!



Bitcoin always dominated the crypto markets and held the highest market share. Even at the beginning of 2021, Bitcoin owned a 71 % share of the crypto market, while altcoins (excluding those in top ten) had just 10%. But now the trend has changed. Since then, the percentage has steadily declined, with BTC’s dominance dropping to 40% in late May and altcoins rising to 23%.

Even the altcoins in the top ten have steadily increased their market share. The most notable one is Ethereum, which has continued to grow throughout the course of the year and currently owns over 17.3 %of the market. 

Is an Altcoin season due to begin?

The above-stated stats regarding dominance is vital to question and know if an altcoin season will kickstart soon. Now, there is a probability of an alt season, if Bitcoin makes a bullish rebound. This positive reversal would occur if and when the coin continues to surge and maybe breaks through resistance levels.

Popular Analyst Chico Crypto in his recent Youtube video said Bitcoin is following the Wyckoff accumulation pattern. If the price gets back to $50k, it will be a confirmation that the bulls are back and alt season will be back again.

According to him, the breach needed for the altseason to arrive is predicted to happen around July 10 based on the Wyckoff pattern that is now forming. This would be the year’s first altseason. 

Some cryptocurrencies have outperformed Bitcoin in terms of price growth and retail investor interest this year. Although the May crash halted their growth, an alt season will make up for it and even propel the tokens to new all-time highs.

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  • bitcoinBitcoin (BTC) $ 34,418.00
  • ethereumEthereum (ETH) $ 2,038.20
  • tetherTether (USDT) $ 1.00
  • binance-coinBinance Coin (BNB) $ 291.93
  • cardanoCardano (ADA) $ 1.27
  • xrpXRP (XRP) $ 0.623387
  • dogecoinDogecoin (DOGE) $ 0.218680
  • usd-coinUSD Coin (USDC) $ 1.00
  • polkadotPolkadot (DOT) $ 16.54
  • binance-usdBinance USD (BUSD) $ 1.01
  • uniswapUniswap (UNI) $ 18.25
  • bitcoin-cashBitcoin Cash (BCH) $ 478.93
  • litecoinLitecoin (LTC) $ 131.05
  • solanaSolana (SOL) $ 30.71
  • chainlinkChainlink (LINK) $ 19.00
  • matic-networkPolygon (MATIC) $ 1.22
  • theta-tokenTheta Network (THETA) $ 7.16
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 34,210.00
  • stellarStellar (XLM) $ 0.263356
  • internet-computerInternet Computer (ICP) $ 40.62
  • vechainVeChain (VET) $ 0.081791
  • ethereum-classicEthereum Classic (ETC) $ 39.83
  • daiDai (DAI) $ 1.00
  • filecoinFilecoin (FIL) $ 54.99
  • tronTRON (TRX) $ 0.055893
  • moneroMonero (XMR) $ 220.47
  • eosEOS (EOS) $ 3.71
  • shiba-inuShiba Inu (SHIB) $ 0.000007
  • amp-tokenAmp (AMP) $ 0.062523
  • aaveAave (AAVE) $ 228.69
  • compound-usd-coincUSDC (CUSDC) $ 0.022093
  • cdaicDAI (CDAI) $ 0.021525
  • okbOKB (OKB) $ 10.14
  • leo-tokenLEO Token (LEO) $ 2.72
  • algorandAlgorand (ALGO) $ 0.819800
  • theta-fuelTheta Fuel (TFUEL) $ 0.476804
  • pancakeswap-tokenPancakeSwap (CAKE) $ 13.38
  • celsius-degree-tokenCelsius Network (CEL) $ 5.78
  • neoNEO (NEO) $ 34.26
  • cosmosCosmos (ATOM) $ 10.10
  • bitcoin-svBitcoin SV (BSV) $ 126.98
  • Coin (CRO) $ 0.093034
  • compound-ethercETH (CETH) $ 40.73
  • ftx-tokenFTX Token (FTT) $ 26.71
  • terra-lunaTerra (LUNA) $ 5.48
  • tezosTezos (XTZ) $ 2.67
  • makerMaker (MKR) $ 2,468.13
  • iotaIOTA (MIOTA) $ 0.797779
  • klay-tokenKlaytn (KLAY) $ 0.856925
  • avalanche-2Avalanche (AVAX) $ 11.57
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