Cryptocurrencies appear to have staying power, Federal Reserves Chairman Jerome Powell said in June. Perhaps truer words have never been spoken, as the market value of all cryptocurrencies has doubled to $1.3 trillion this year, recovering from last years crash. More impressive is the renewed interest in centralized crypto-collateralized finance after last years controversial collapse
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Solanas SOL has rallied over 50% in two weeks, with Nasdaq-listed digital assets exchange Coinbase (COIN) proving to be a significant source of bullish pressures for the cryptocurrency, according to data tracked by Paris-based Kaiko. Since Oct. 25, SOLs cumulative volume delta (CVD) has increased by nearly $1 million on Coinbase, indicating net capital inflows.
Bitcoins price has continued its decline, dropping below several key levels in recent days. As of now, Bitcoin is hovering just above $87,000, marking a weekly drop of around 7.7% and a 19.6% decline from its all-time high of over $109,000 recorded earlier this year. Amid this downturn, various market analysts have taken to social
Solana started a fresh decline from the $162 zone. SOL price is down over 15% and might struggle to recover above the $150 resistance. Solana price struggled to clear the $185 resistance and started a fresh decline, underperforming Bitcoin and Ethereum. SOL declined below the $162 and $150 support levels. It even dived below the
Bitcoins price has faced a dramatic downturn, falling below $90,000 and reaching as low as $87,000 levels today. This steep decline places the cryptocurrency further away from its January all-time high of over $109,000. The sharp sell-off comes amid both internal and external challenges, leaving investors uncertain about what lies ahead. While the market struggles
XRP price started a fresh decline below the $2.50 and $2.250 support levels. The price is now recovering losses from the $2.050 support zone. XRP price failed to continue higher above the $2.620 resistance zone and started a fresh decline, like Bitcoin and Ethereum. There was a move below the $2.55 and $2.50 support levels.
The cryptocurrency unit of the American financial services company Robinhood is now in the clear as the Securities and Exchange Commission (SEC) has closed its investigation into the business. According to a blog post by Robinhood, the SEC revealed in a letter dated February 21 that it had wrapped up its investigation into the firms
Ethereum price started a fresh decline from the $2,550 resistance zone. ETH is down over 10% and now attempts a recovery wave from the $2,300 zone. Ethereum price failed to clear the $2,650 resistance zone and started a fresh decline, like Bitcoin. ETH gained pace below the $2,620 and $2,550 support levels to enter a
Bitcoin’s price troubles continued in the past 24 hours as the asset plunged to its lowest position since January 13 of just over $90,000. Thus, the cryptocurrency has lost over nine grand since Friday’s peak. The total value of liquidated positions is expectedly on the rise, surpassing the $1 billion mark. Naturally, long positions dominate.
Investors pulled $508 million from digital asset investment products last week, pushing two-week outflows to $924 million. This reversal comes after an 18-week period of inflows totaling $29 billion. CoinShares attributed the decline to market caution following the US Presidential inauguration, with concerns over trade tariffs, inflation, and monetary policies unsettling investors. The period also
Non-KYC centralized exchange eXch has denied accusations that its laundering funds from the Bybit hack on behalf of the Lazarus Group. This was in response to social media accusations that it had moved over $30 million from the exploit. In a Feb. 23 announcement posted on the Bitcointalk forum, the eXch team said it is
Over the past 90 days, bitcoin (BTC) has been in a state of consolidation, hovering between the $91,000 and $102,000 range. Analysts at the crypto exchange Bitfinex have revealed that the cryptocurrency is currently at a critical juncture after this prolonged trading pattern. According to the market experts, Bitcoins next major move will likely be
Ethereum is facing its worst February in years, with prices plummeting as low as 25% amid mounting uncertainty. The cryptocurrency dumped to a multi-week low of just over $2,300 hours ago before staging a minor recovery. According to Spot on Chain, February is usually a bullish month for ETH, with only one red example in
Many cryptocurrencies have erased all the gains accumulated since the 2024 United States Presidential Election, with meme coins particularly affected, according to IntoTheBlock. In a recent tweet, the analytics firm highlighted that the meme coin market capitalization is nearing its November 2024 levels. Such a trend effectively depicted the undoing of the surge witnessed during
In his latest livestream, crypto chartist Kevin (@Kev_Capital_TA) drilled down on Dogecoins price action, stressing both caution and optimism for the popular meme coin. Speaking to his YouTube audience, Kevin acknowledged Dogecoins history of dramatic price swings yet underlined that critical technical levels could spark the next substantial move. Kevin noted Dogecoins pattern of large
According to data from CoinMarketCap, the Binance Coin (BNB) recorded a trading week with no significant events, resulting in a net gain of 1.78%. Amidst much uncertainty in the crypto market, the altcoin has experienced a major dual price trend in February resulting in a price change of <1% in this period. Following recent developments,
XRP price is struggling to clear the $2.60 and $2.70 levels. The price is now at a risk of more downsides below the $2.50 support zone. XRP price attempted to gain pace for a move above the $2.750 level. However, the bears remained active and the price started a fresh decline below the $2.650 support,
Ethereum price failed to clear the $3,000 resistance zone. ETH is consolidating near $2,750 and might aim for a fresh increase. Ethereum price remained supported above the $2,650 level and recently started a decent upward move, outperforming Bitcoin. ETH gained pace above the $2,750 and $2,850 resistance levels. The price even spiked toward $3,000 before
Bitcoin price failed to gain pace for a move above the $100,000 zone. BTC again declined and is currently consolidating near the $96,000 zone. Bitcoin price formed a base above the $95,500 level and started a recovery wave. BTC was able to surpass the $97,000 and $98,500 resistance levels. The price even cleared the $99,000
The XRP market experienced a rather turbulent trading week resulting in a net loss of 7.22%. While the altcoin has shown some stability over the past day, there is no indication of price recovery. Amid these developments, X digital asset analysis handle More Crypto Online has shared some market updates highlighting important price levels for
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