Cryptocurrency News
Following the latest FOMC Meeting, Ethereum, the second-largest cryptocurrency, experienced a downturn in Thursday’s trading session amid market volatility. The price of ETH plummeted by 3% intraday, breaching the crucial $2300 support level. Despite the challenging market conditions, Ethereum continues to advance its core changes, notably with the upcoming 2024 […]
Token unlocks are often viewed as significant events that can impact market dynamics. The release of unlocked tokens introduces additional selling pressure on trading platforms, influencing price movements and investor sentiments. According to insights from Wublockchain, the upcoming month of February is poised to witness several notable token unlocks across […]
Aave, a prominent DeFi platform, has encountered a downward trend over the past three months, witnessing a significant 25% decline in its value. The bearish sentiment persists, with additional losses of 12% and 3% observed over the past 7 days and 24 hours, respectively. Insights from on-chain analytics provided by […]
Bitcoin is currently experiencing one of its most notable accumulation streaks in nearly three years, as indicated by the Accumulation Trend Score remaining near 1 for the past four months. This sustained trend reflects a growing confidence among larger entities in the Bitcoin market, signaling positive sentiment. #Bitcoin is witnessing […]
Dogecoin DOGE continues to witness a significant increase in the number of new addresses created over the past week, with over 890,000 new addresses recorded in the last 7 days alone. This surge in activity is accompanied by a spike in adoption rates, with approximately 86% of new users making […]
As most top altcoins turn red today, Ethereum Classic remains strong on the daily but has retraced briefly. Buying pressure is still intact following a 10% gain in the last 7 days. This month, ETC witnessed a massive surge in volatility and tapped $32.4. The price pulled back from that […]
Polkadot DOT resumed a downtrend this week after failing to sustain recovery. The bears appeared back in control as they slowly released pressure. We can expect bigger drops if the price breaks below $6. After ending a week retracement at $7.3, DOT initiated a fresh drop on Monday and continued […]
After witnessing a nice recovery all through last week, Avax tumbles and turns weak again due to the latest drops. It has registered a 7% loss in the last 48 hours and will likely shed more in the coming days. Last week, Avax took a little break from the dip […]
Pendle, known for tokenizing and trading future yield, has reached a new milestone as its native asset surges to an annual high of $2.791. The protocol’s developers facilitated this surge by depositing millions of PENDLE tokens to the Binance exchange. Two wallets, likely owned by investors in Pendle, deposited 477,211 […]
Bitcoin’s price surged past the $42,000 barrier, reaching $43,838, breaking through resistance levels at $42,500 and $43,200. Currently, the price is consolidating gains above the $42,500 resistance zone, although bears emerged after it hit the $43,800 mark. In recent on-chain reports, Grayscale deposited 4,419 BTC ($191M) into Coinbase Prime, bringing […]
For the first time since its decline started on January 22, Ethereum’s value has reached $2,345. The network is expanding and adding active addresses at a commendable rate. A growing $ETH market cap is mostly justified by increased utility. 📈 #Ethereum has returned to a $2,345 value for the first […]
The past 9 days saw Arbitrum, ARB through a notable recovery of about 15%. But it appeared the bears are back following yesterday’s interception. The price is back under $1.8 and is now looking poise for a big sell-off. A quick recap from the peak of $2.42 where ARB started […]
Yesterday saw Matic through a slight break in buying after rising for a week. It has resumed positive actions following an increase in volume inflow over the past hours. It looks stuck at a key resistance at the moment. The bearish correctional phase seemed to be fading on the daily […]
Meme Moguls (MGLS) has recently made headlines as it entered Stage 5 of its presale. With close to $2M raised and 3,700 holders, it is clear that interest in this DeFi project is rising. Some analysts have even pegged it as the next 100x meme coin in 2024. Meanwhile, Arbitrum […]
Following a slight rejection during last week’s drops, Solana, SOL increased by 28% to mark a new multi-week high today. The price currently looks strong as more gains lie ahead. Sol fell hard this month but has managed to halt selling after dipping to $79. It rejected this price level […]
Yesterday, API3 made headlines as one of the top daily gainers on Binance, experiencing a remarkable surge of over 17%. The impressive performance of API3 extends beyond the daily gain, with a 28% increase in the past 7 days. Also, a 58% rise in the past month, and an astounding […]
In a promising turn of events, blockchain security company PeckShield has reported a significant recovery of funds from cryptocurrency hacks. The firm’s latest statistics reveal that over $674 million has been recovered from more than 600 hacks, marking a notable improvement from previous years. PeckShield’s data for 2023 highlights a […]
Ethereum, ETH bounced 3% weekly to retest a key price level after declining for two weeks. It looks strong in the 4-hour time frame but is currently calm as it faces resistance. However, it charges for more gains. After witnessing a series of highs and lows this month, Ethereum showed […]