In Brief A key metric, which has historically been pivotal to Bitcoin’s price, suggests that sellers exhaustion has set in. Positive signs emerge with higher bid than ask on-chain, and a high concentration of liquidity at $58,037. BTC looks set to retest $58,251 but trading below the 20-day EMA indicates weakness. Over the weekend, Bitcoin…
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In Brief Binance delists four altcoins: BOND, DOCK, MDX, and POLS, causing significant market drops. DOCK fell nearly 30%, MDX by 23.65%, BOND, and POLS over 17% after delisting news. Delistings follow Binance’s periodic review of digital assets’ compliance and standards. Crypto exchange Binance has announced it will no longer support four altcoins…
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In Brief Ripple’s (XRP) price nearly crashed by 11% in a day yesterday before recovering to trade at $0.43. The participation from XRP holders continues to remain weak, impacting the potential for recovery. Conviction, however, is still strong as investors are refraining from moving their holdings around. Ripple (XRP) price momentum has turned bearish, and…
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In Brief The DOJ recently announced BitMEX’s guilty plea for violating the Bank Secrecy Act (BSA). BitMEX stated that the charge is not new and that its founders served their sentences in 2022. The exchange stresses its operational improvements and new standards implemented since 2020. The Department of Justice (DOJ) announced on July 10…
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In Brief Donald Trump is confirmed to speak at Bitcoin 2024 in Nashville, sparking crypto market excitement. TrumpCoin (DJT), a newly minted Trump-themed meme coin, surged by 500,000x following the news. The former president’s crypto stance generates both enthusisasm and debate within the community. The organizer of The Bitcoin Conference just announced that former…
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In Brief MATIC price is currently under $0.50, awaiting a positive trigger to initiate recovery. The adoption rate of the asset is steady at 34% despite the recent decline in price. The investors’ sentiment is also largely positive, which is surprising considering their losses. Polygon (MATIC) price is in the same dark ditch as most…
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In Brief The total crypto market cap fell to $1.94 trillion due to the Federal Reserve’s hawkish stance, marking a four-month low. Bitcoin’s price dropped from $61,500 to $54,500, potentially heading toward $50,980 as per the double top formation. Meme coin Brett declined by 24% in 24 hours, trading at $0.112, and risks further drops…
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In Brief PEPE price noted a remarkable yet relatively small recovery of 9%, attempting to push the price to $0.00001000. However, the traders betting on a further decline in price lost over $17 million in a day as the price rose. Whales are also hopeful of a recovery as they accumulated over 1 trillion PEPE…
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In Brief Celsius settles three-year litigation with KeyFi CEO Jason Stone over alleged fraud and broken agreements. KeyFi managed Celsius investments from August 2020 to March 2021 based on an MOU. Stone claimed Celsius ran a Ponzi-like scheme, misleading about its risk management protocols. The now-defunct crypto lending platform Celsius has settled its three-year-long case with…
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In Brief After initially falling below $28, EGLD’s price climbed by 7.15% in 24 hours to join the leaders. OM, the native token of Real-World Asset project MANTRA, takes second place with a 11% weekly increase. LayerZero’s 29.30% increase makes it the surprise entry as it posted more gains than the other two. Talks of…
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