Cryptocurrency News
TrueUSD (TUSD) experienced a significant depreciation, dropping to as low as 97 cents, triggered by reports of traders liquidating over $300 million worth of the stablecoin, according to data from Binance. Binance’s announcement on January 15 about farming $MANTA by staking $BNB and $FDUSD, excluding $TUSD, played a pivotal role […]
As of the latest data, the XRP Ledger, Ethereum, and Bitcoin are all witnessing profit levels above 80%, a scenario not seen since March ’22. The current supply in profit for Bitcoin stands at 83%, Ethereum at 84%, and XRPLedger at 81%. Historically, these levels are considered high-risk profit zones, […]
Recent on-chain data from CryptoQuant indicates a notable uptick in selling activity among Bitcoin miners. Over the last 24 hours, miners have reportedly sold nearly 10,600 BTC, equivalent to approximately $455.8 million. Simultaneously, the Bitcoin network has experienced a 34% decrease in hashrate since last Friday, dropping from a peak […]
After declining from a 21-month high in the past month, MATIC activated another drawdown a few days ago and approaches a two months support. A huge price movement should be expected if the price drops below it. MATIC slipped below the $0.83 level yesterday in continuation of its bearish trajectory […]
Cardano lost buzz in December and initiated a drop below the $0.6 level. It attempted this level last week but the price fell back and continued to dip. Now facing a minor support level after shedding a 5% loss in a week. ADA’s short-term bullish ended last month after testing […]
Since Ripple entered a crucial demand zone this month, the price has remained trapped. However, it paints a gloomy picture on the daily chart with a potential breakdown. The price may roll back to the bottom. Following past months of bearish, XRP has lost over 30% of its valuation in […]
Following a sharp rejection last week, Polkadot dropped and resumed selling this week but has remained calm in the past hours due to an extreme drop in volatility. We can expect a big drop if an expansion occurs. During the last short-term bullish rally, Polkadot formed an “inverse head and […]
Avax initiated a drop and decreased by almost 15% in the past weeks. It held the $35 level as support and remained indecisive above it. A drop from that level could slip the price back to the monthly low with a potential breakdown. Following multiple rejections in the past weeks, Avax’s […]
Solana’s price continued to fall by the day and has lost roughly 10% of its valuation in the last three weeks. It recently recovered from the monthly low but has found it difficult to push above a critical resistance. Since the price touched the $126.3 level in late December, Sol […]
Socket, a protocol in the decentralized finance (DeFi) space, recently encountered a security incident that led to a loss of approximately $3.3 million. The vulnerability stemmed from a call injection attack on the Socket protocol, specifically impacting wallets with infinite approvals to Socket contracts. As a response, all affected contracts […]
Over the past 24 hours, both $LDO and $AAVE have experienced notable declines in their respective values, shedding 15% and 3%. The primary catalyst for these downturns appears to be substantial token sales by prominent holders, commonly known as whales. Insights from on-chain analytics platform Spotonchain unveiled a recent sizable […]
While Bitcoin’s price has been in a consolidation phase post ETF adoption, Ethereum is witnessing significant gains. Currently trading at $2,571, Ethereum’s market valuation has reached $308.97 billion, marking a 1.53% increase. According to Santiment data, Ethereum’s price dominance against Bitcoin has surged by +22.4% in the past week. This […]
The U.S. Bitcoin spot ETFs witnessed a staggering total trading volume of almost $10 billion within a span of three days, according to insights from Bloomberg analyst James Seyffart. Grayscale GBTC led the charts with a three-day trading volume of $5.174 billion, followed by BlackRock’s IBIT at $1.997 billion and […]
News of the SEC’s approval of ETFs has been a major talking point in the crypto industry lately. Cryptocurrencies like Bitcoin (BTC) and Cardano (ADA) could benefit massively from this new development. But what makes Pushd (PUSHD) a potentially better investment than these coins? Let’s find out. Bitcoin (BTC) – […]
Welcome to the exciting realm of Altcoins, where the seismic tremors of change are unmistakably felt with the resounding surge of Option2Trade (O2T). In a captivating display of market dynamics, Option2Trade (O2T) has embarked on an upward trajectory, positioning itself as a formidable contender against the stalwarts, Polygon (MATIC) and […]
Following a recent bounce off a key level, Klay increased by 17% today and slightly reclaimed its previous high. It has similarly joined in the latest recovery amongst the low-cap altcoins. Klay halted buying at $0.278 last month and went through a broad correction two weeks ago. It ended that […]
Today saw Axie through a small increase following a steady recovery from a key level in the past weeks. It is forming a bullish on the lower timeframe but volume remains low at the moment. As most altcoins witnessed in the recent bullish cycle, AXS saw a notable recovery as […]
As some low-cap altcoins saw notable recovery overnight, Chilliz’s price increased significantly and broke into a new monthly high. It currently looks strong and technically set to take more highs on a daily. Following the late 2023 recovery across the crypto space, CHZ increased steadily and later surged through several […]