The post Crypto Market Slumps As Bitcoin Drops Below $58K, PEPE the Biggest Loser, Rollblock Defies the Trend appeared on BitcoinEthereumNews.com.

The crypto market is all over the place, ignoring bullish signals and stubbornly remaining low. The BTC price prediction looks fantastic, but Bitcoin is languishing under $60k when all signs show it should be far above 70k. But it could be worse. The meme coin market, which did well at the start of the year, is losing fast, with Pepe Coin losing 60% of its value since the end of May. The only safe bet in these uncertain times is Rollblock, a new GambleFi token making gains in presale. Let’s take a look at what is happening in the crypto markets.  Bitcoin (BTC): BTC Price Prediction Bullish But Price Still Low Analysts all over the world are trying to find reasons why Bitcoin is so low. All quantitative analyses of Bitcoin show that it should be high and going higher. Coincodex has the BTC price prediction going close to 90k by the end of September and 100k by easter. There is no reason to doubt its BTC price prediction because all the crypto market conditions are there for a massive bull run, but Bitcoin remains stubbornly low. Everything from the Japanese stock market to Mt Gox to US inflation figures has been cited as the reason for the low Bitcoin price, but nobody can agree on the actual cause. The only sure thing is that the long-term BTC price prediction is steadily upward – this is Bitcoin, after all! Pepe Coin (PEPE): Meme Coin Tops Out And Races To The Bottom. Market fundamentals apply even to the crypto market. If an asset does not have something to underpin it, it will falter. This is the fate of Pepe Coin. Pepe holds the record for the highest returns yet on a cryptocurrency, but all good things come to an end. By…

---

Filed under: News - @ August 20, 2024 2:20 am