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 Is the 25 drop in PEPE SHIB and APE a sign of a deepening crypto bear market

Is the 25 drop in PEPE SHIB and APE a sign of a deepening crypto bear market


Published: 2023-08-22


1. Deepening Crypto Bear Market: The article discusses the significant drop in the prices of Pepe,Shib,and Ape cryptocurrencies and raises concerns about the possibility of a deepening crypto bear market. The author explores the reasons behind this drop,such as increased regulatory scrutiny and market uncertainty. They mention how the recent crypto market volatility and the ongoing China crackdown have negatively impacted investor sentiment. Despite the potential for a deepening bear market,the author also notes that market corrections are common in the crypto space.

2. Regulatory Scrutiny and Market Uncertainty: The article highlights the growing regulatory scrutiny faced by the cryptocurrency market,which contributes to the bearish trend. Factors such as stricter regulations and potential bans in some countries,as well as increased pressure from regulatory bodies like the SEC,create uncertainty for investors. The author explains how these regulatory actions can lead to mass sell-offs and market downturns. Additionally,the article mentions how the lack of clear regulations and guidelines for cryptocurrencies adds to the overall market uncertainty.

3. Impact of China Crackdown: The article discusses the impact of China's intensified crackdown on cryptocurrencies,which has had a significant effect on the prices of Pepe,Shib,and Ape. China's ban on Bitcoin mining and its ongoing efforts to regulate digital currencies have created a sense of panic in the market. The author suggests that the Chinese government's actions have caused a decline in demand and weakened investor confidence. The article also highlights the larger implications of the China crackdown on the global crypto market,given China's significant role in the industry. In summary,this article focuses on three main topics: the deepening crypto bear market,regulatory scrutiny and market uncertainty,and the impact of the China crackdown. The author explores the reasons behind the drop in Pepe,Shib,and Ape cryptocurrencies and provides insights into the potential consequences for the broader crypto market.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 BTC title=BTC 62,805.94 1,700,312,008.42
2 ARS title=ARS 1,071.70 1,607,058,293.10
3 ETH title=ETH 3,159.38 1,389,426,330.03
4 SOL title=SOL 134.14 482,221,333.65
5 PEPE title=PEPE <0.01 275,656,590.41
6 ETHFI title=ETHFI 4.47 231,445,337.79
7 XRP title=XRP 0.51 175,556,011.53
8 ENA title=ENA 0.87 174,659,542.05
9 DOGE title=DOGE 0.14 165,822,525.72
10 WIF title=WIF 2.61 116,656,917.21
11 BONK title=BONK <0.01 91,333,032.28
12 NEAR title=NEAR 6.72 88,095,065.82
13 OP title=OP 2.47 72,109,383.52
14 AVAX title=AVAX 34.74 66,627,272.88
15 BOME title=BOME <0.01 64,924,501.58
16 RUNE title=RUNE 4.99 58,707,821.55
17 WAVES title=WAVES 2.52 56,188,284.36
18 SEI title=SEI 0.63 52,329,966.37
19 GLM title=GLM 0.54 51,880,588.96
20 WLD title=WLD 4.64 47,090,802.62
21 TRX title=TRX 0.12 44,838,516.55
22 MATIC title=MATIC 0.70 44,763,020.57
23 FLOKI title=FLOKI <0.01 43,494,631.39
24 LTC title=LTC 83.41 42,013,589.28
25 AR title=AR 34.18 41,938,588.42
26 ETC title=ETC 27.09 40,600,523.60

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 BinaryX [OLD] title=BNX 1.02 +5.09
2 Sei title=SEI 0.63 +4.59
3 W 0.67 +4.54
4 Golem title=GLM 0.54 +3.82
5 Waves title=WAVES 2.52 +3.74
6 Paris Saint-Germain Fan Token title=PSG 5.45 +3.04
7 FC Barcelona Fan Token title=BAR 2.69 +2.08
8 AC Milan Fan Token title=ACM 2.23 +2.02
9 SafePal title=SFP 0.80 +1.87
10 Orion title=ORN 1.71 +1.72
11 Atlas Aggregator title=ATA 0.25 +1.35
12 Nano title=XNO 1.19 +0.68
13 AS Roma Fan Token title=ASR 4.02 +0.60
14 Ethena title=ENA 0.87 +0.46
15 Santos FC Fan Token title=SANTOS 6.42 +0.20
16 Wing Finance title=WING 6.08 +0.17

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Galxe title=GAL 3.46 -22.61
2 LeverFi title=LEVER <0.01 -18.54
3 Cats Of Sol title=COS 0.01 -16.47
4 SSV Network title=SSV 46.17 -13.93
5 OAX title=OAX 0.22 -11.73
6 Polymesh title=POLYX 0.37 -9.88
7 Numeraire title=NMR 23.14 -9.68
8 Dymension title=DYM 3.40 -9.56
9 Maker title=MKR 2,804.00 -9.46
10 Tensor title=TNSR 0.87 -9.39
11 Optimism title=OP 2.47 -9.26
12 Cartesi title=CTSI 0.20 -9.24
13 aelf title=ELF 0.58 -9.24
14 Conflux title=CFX 0.22 -8.83
15 Mines of Dalarnia title=DAR 0.15 -8.80
16 Starknet title=STRK 1.18 -8.66
17 Celestia title=TIA 9.43 -8.54
18 MANTRA title=OM 0.72 -8.43
19 Bittensor title=TAO 399.20 -8.42
20 Arweave title=AR 34.18 -7.84
21 Pendle title=PENDLE 5.19 -7.80
22 Saga title=SAGA 3.60 -7.69
23 FarmBot title=FARM 78.52 -7.34
24 Synapse title=SYN 0.92 -7.33
25 IDEX title=IDEX 0.06 -7.33
26 Chromia title=CHR 0.30 -7.26
27 Sleepless AI title=AI 0.94 -7.19
28 Omni Network title=OMNI 19.87 -7.15
29 Magic title=MAGIC 0.76 -7.14
30 IQ title=IQ <0.01 -7.08

Bitcoin's Greed and Fear Index.

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67
Greed

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6 Solo Bitcoin miner wins the 3125 BTC lottery solving valid block 2024-04-29
7 Google Clouds Web3 portal launch sparks debate in crypto industry 2024-04-28
8 DOJ challenges motion to dismiss Tornado Cash co founders charges 2024-04-28
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17 Franklin Templeton lists Ethereum ETF on DTCC 2024-04-27
18 Taiwan prosecutors target 20 year sentences for Ace Exchange suspects 2024-04-27
19 Apple reportedly courting OpenAI to develop AI features for iPhone 2024-04-27
20 Binance wants the court to know US governments position on USDC 2024-04-27
21 Custodia Bank takes case to higher court after March setback 2024-04-27
22 Liquid staking on BNB Smart Chain millions stuck in DeFi bridge contracts Finance Redefined 2024-04-27
23 Bitcoin price holds steady amid spot BTC ETF outflows and uptick in unfriendly regulation 2024-04-27
24 Bidens Homeland Security team taps tech elite for AI defense board 2024-04-27
25 EU DeFi regulations set to welcome big banks challenge crypto natives 2024-04-27
26 John Deaton files amicus brief in support of Coinbase appeal against SEC 2024-04-27
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50 Giant buy signal Crypto whales transfer 13B to Coinbase 2024-04-26

US news that has a significant impact on the market

at news day date time
1 Employment Cost Index q/q Tuesday 30-04-2024 13:30
2 S&P/CS Composite-20 HPI y/y Tuesday 30-04-2024 14:00
3 HPI m/m Tuesday 30-04-2024 14:00
4 Chicago PMI Tuesday 30-04-2024 14:45
5 CB Consumer Confidence Tuesday 30-04-2024 15:00
6 ADP Non-Farm Employment Change Wednesday 01-05-2024 13:15
7 Final Manufacturing PMI Wednesday 01-05-2024 14:45
8 ISM Manufacturing PMI Wednesday 01-05-2024 15:00
9 JOLTS Job Openings Wednesday 01-05-2024 15:00
10 ISM Manufacturing Prices Wednesday 01-05-2024 15:00
11 Construction Spending m/m Wednesday 01-05-2024 15:00
12 Wards Total Vehicle Sales Wednesday 01-05-2024 15:15
13 Crude Oil Inventories Wednesday 01-05-2024 15:30
14 Federal Funds Rate Wednesday 01-05-2024 19:00
15 FOMC Statement Wednesday 01-05-2024 19:00
16 FOMC Press Conference Wednesday 01-05-2024 19:30
17 Challenger Job Cuts y/y Thursday 02-05-2024 12:30
18 Unemployment Claims Thursday 02-05-2024 13:30
19 Prelim Nonfarm Productivity q/q Thursday 02-05-2024 13:30
20 Prelim Unit Labor Costs q/q Thursday 02-05-2024 13:30
21 Trade Balance Thursday 02-05-2024 13:30
22 Factory Orders m/m Thursday 02-05-2024 15:00
23 Natural Gas Storage Thursday 02-05-2024 15:30
24 Average Hourly Earnings m/m Friday 03-05-2024 13:30
25 Non-Farm Employment Change Friday 03-05-2024 13:30
26 Unemployment Rate Friday 03-05-2024 13:30
27 Final Services PMI Friday 03-05-2024 14:45
28 ISM Services PMI Friday 03-05-2024 15:00
29 FOMC Member Williams Speaks Saturday 04-05-2024 00:45

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