Crypto analysts gauge the health of the cryptocurrency market using the total market cap.

The total market capitalization of the cryptocurrency market has dropped to $1.16 trillion.

The first scenario mentioned by the trader was that there would be a sweep towards $25.8K, possibly even $24.9K. If this scenario did not play out, then van de Poppe predicted that BTC’s price would reclaim $26.6K or could rise to as high as $27.5K. He stated that he will go long on BTC if the latter plays out, because its price will “accelerate towards highs.”

Van de Poppe also mentioned that he wanted the $27K support level to hold, but this was not the case as BTC’s price had broken below the support level in the past 48 hours. As a result, van de Poppe predicted two possible scenarios for the crypto in the next couple of days.

The ETH/USD pair slightly outperformed the wider cryptocurrency market, which rose 2.5% above a total market capitalization of $1.1 trillion.

Ether (ETH) price jumped nearly 3% to around $1,870, its highest level in over a week on may 23.

While quantum computing could potentially reduce Bitcoin’s energy consumption and improve mining efficiency, it’s important to consider the potential security risks and continue to develop quantum-resistant algorithms to ensure the integrity of the Bitcoin network.

Quantum (NASDAQ:QMCO) computing has the potential to significantly reduce Bitcoin’s energy consumption by improving the efficiency of Bitcoin mining. Quantum annealing, a type of quantum computing, can speed up the process of solving the hash function needed to mine BTC.

The renowned crypto trader and analyst, Michael van de Poppe, revealed in two tweets posted yesterday that he was bullish on Avalanche (AVAX), but he believes the same could not be said for the trending meme coin Pepe (PEPE). According to the post, van de Poppe believes that PEPE’s current downtrend is likely to continue in the next few days.

Van de Poppe revealed that PEPE will face even further price drops if it can not stay above $0.0000016.

Michael van de Poppe recently shared his expectations for AVAX and the popular meme coin PEPE.

In his tweets, the trader explained that AVAX stands a good chance of a price increase if it can stay above $14.80.

Cardano (ADA) Current Market Standing
Cardano (ADA) is ranked as the seventh biggest project in terms of market cap, according to CoinMarketCap. It experienced a 24-hour price drop of 0.42%, taking its price down to $0.3637 at press time. The Ethereum-killer’s market cap stood at $12.681 billion as a result.

Meanwhile, ADA’s 24-hour trading volume stood at $135.789 million, following a 24-hour increase of 45.18%. Furthermore, the price of ADA was nearer to its 24-hour high of $0.3654, while the altcoin’s daily low stood at $0.3573.

Another aspect to consider is that Cardano has recently emerged as a platform for meme coins. The launch of the first meme coin on the Cardano network, Hosky, sparked a rally within the meme coin community on Cardano. Given the volatile nature of meme coins, they often witness bursts of high-volume transactions, which could be contributing to the spike. Whale investors might be taking advantage of this trend by purchasing substantial amounts of ADA to invest in these new tokens.

In an exclusive interview during the Bitcoin 2023 conference in Miami, Thiel disclosed the strategy behind Marathon’s figures in the first quarter of 2023, when the firm reduced its net loss from $12.9 million ($0.12 per share) from Q1 2022 to $7.2 million ($0.05 per share) this year.

A combination of more hash rate coming online from mining plants and a price protection approach is shielding Bitcoin mining firm Marathon Digital Holdings through the bear market, CEO Fred Thiel told Cointelegraph.

Traders and investors will want to watch the $0.29845 level for the next 24 hours.

The price of AGIX rose more than 15% over the last 24 hours according to CoinMarketCap.

Technical indicators on the altcoin’s 4-hour chart suggested that AGIX’s price could continue to rise.

BOK highlights strict regulations and the absence of ICOs as factors reducing the likelihood.