In Brief Raydium (RAY) gains almost 20% this week, retaining dominance as Solana’s leading decentralized exchange by volume. Bullish indicators hint at further gains, with RAY’s RSI below overbought levels and short-term EMAs trending upwards. Raydium’s 62% share of Solana DEX volume shows its impact; sustained gains could push RAY to highs unseen since 2022.…
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In Brief ETH price has risen over 7% in a week, though cautious whale activity suggests mixed sentiment. Positive EMA lines hint at a bullish trend, with possible gains if ETH uptrend holds steady. A large outflow of 361,000 ETH from exchanges on Oct. 25 signals long-term holder confidence. Ethereum (ETH) price has climbed more…
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In Brief Bitcoin’s market dominance has reached its highest since 2021, reducing chances for a near-term altcoin rally. Bitcoin ETFs attract significant capital, possibly pushing BTC toward $100,000 by January 2025. Altcoin performance lags, with only 29% surpassing BTC recently, falling short of the 75% needed for an altcoin season. As the US Presidential Election…
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In Brief 1Inch, TEN Finance, and others hit by a supply chain attack due to a compromised Lottie Player frontend library. Injected malicious code enables unauthorized transactions, posing risks to users’ funds and personal data. Users are advised to avoid any interactions with the websites; Lottie Player team is working on a fix. …
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In Brief The crypto market cap dipped, unable to breach $2.40 trillion, facing potential support at $2.29 trillion amid cautious sentiment. Bitcoin pauses near ATH at $73,800; a further dip to $71,367 could delay a new high, though investor optimism may sustain the uptrend. Celestia fell 11%, losing $4.96 support; holding $4.52 is key, with…
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In Brief The crypto market cap rose to $2.38 trillion, nearing $2.40 trillion resistance; surpassing this could lead to a $2.50 trillion target. Bitcoin is less than 2% away from its all-time high at $73,773, but a fallback to $71,367 support may delay the bullish rally. SUI’s 17% rise brings it to $2.08; breaching its…
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In Brief Bhutan transferred $65.66 million in Bitcoin to Binance, likely signaling an intent to sell part of its holdings. Despite planned sales, Bhutan continues its state-run Bitcoin mining operations through Druk Holdings and Investments. Bhutan is the first government to select Binance for asset sales, while others like Germany chose Coinbase, Kraken, or others.…
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In Brief OKX partners with Standard Chartered for secure, third-party crypto custody for institutional investors. The partnership aims to set new security standards in crypto custody, leveraging both firms’ market reputations. OKX expands globally, with UAE operations, as it builds a robust institutional investor framework. promo According to a recent press release, crypto…
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In Brief XRP faces resistance at $0.55 and must hold the $0.52 support level to maintain a recovery path amid waning bullish sentiment. High long position liquidations and RSI below 50 reflect weakening bullish momentum, which may limit XRP’s upward potential. Breaking $0.55 and surpassing the 50% Fibonacci level is crucial for XRP to approach…
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Bitcoin reached $70,000 today for the first time in over four months. BTC’s daily trading volume has also jumped by nearly 135% on Monday, according to CoinMarketCap data. This is only the third time that the largest cryptocurrency has hit the $70,000 mark, as it reached a new all-time high earlier this year. Bitcoin ETFs…
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