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The cryptocurrency market has suffered extreme volatility following a sharp global stock market downturn on Tuesday. Bitcoin (BTC) dropped below $87,000, while major altcoins, including Ethereum (ETH) and Chainlink (LINK), faced similar declines. Massive Liquidations Hit Crypto Market According to Coinglass data, the past 24 hours have seen a staggering $1.49 billion liquidated from the…
Ethereum (ETH) has experienced a sharp downturn, crashing to $2,300 in the past 24 hours—a staggering 13% decline. This dramatic drop follows Bitcoin’s dip below $90,000 as U.S. markets opened for the week. According to CoinMarketCap data, ETH is currently trading at $2,420, having briefly plummeted to $2,330 in today’s volatile session. Ethereum’s Struggles Amid…
In a major step towards regulatory compliance, cryptocurrency exchange OKX has reached a settlement with the U.S. Department of Justice (DoJ). The agreement includes an $84 million fine and the forfeiture of $421 million in user fees, marking the end of a lengthy investigation into the firm’s operations. We cooperated with the US Dept of…
A recent tweet from Vandell Aljarrah, co-founder of Black Swan Capitalist, has sparked renewed discussions on the power of early positioning in the crypto market. His analysis underscores how strategic investments in select altcoins, such as XRP, have yielded exponential returns since their lowest prices in 2020. If you had invested $10,000 in any of…
SUI’s impressive rally in late 2024 saw the cryptocurrency reach an all-time high of $5.37 on January 4, 2025. However, the momentum quickly faded, leading to a staggering 48% decline in less than two months. As of February 2025, SUI’s attempt at a recovery has failed, with bearish pressure overwhelming any upward movement. SUI Price…
Cardano (ADA) has struggled to regain bullish momentum after facing rejection at $1.23 on Jan. 20. Despite an initial rally above $1, the cryptocurrency has since been confined within a descending channel, signaling a potential continuation of the downtrend. ADA’s Technical Challenges A descending channel, characterized by lower highs and lower lows, has formed on…
The ongoing Bitcoin downtrend may be influenced by short-term holders (STHs), who appear to be changing their stance as the market shifts. Their hesitation in taking profits or cutting losses could dictate Bitcoin’s next major price movement. Bitcoin Investors Fear Losses The Short-Term Holder Spent Output Profit Ratio (STH SOPR) indicator is struggling to reclaim…
Hedera (HBAR) is showing mixed signals as technical indicators suggest both bearish pressure and a potential bullish reversal. The Ichimoku Cloud hints at an upcoming breakout, while the BBTrend indicator reveals a failed bullish attempt. Traders are closely watching key resistance and support levels to determine HBAR’s next move. BBTrend Indicates Renewed Bearish Pressure HBAR’s…
Pi Network (PI) is currently consolidating within a symmetrical triangle pattern on the 1-hour chart, following an extended impulsive wave. This structure aligns with wave (iv) in the broader Elliott Wave count, suggesting a potential bullish breakout to complete wave (v) of the ongoing cycle. Technical Analysis: Key Levels and Patterns PI is testing support…
Nasdaq has officially submitted Form 19b-4 to the U.S. Securities and Exchange Commission (SEC) seeking approval to list and trade shares of the Canary HBAR ETF. This investment product is designed to track the spot price of Hedera’s HBAR, currently the 21st largest cryptocurrency by market capitalization. The filing follows Canary Capital’s strategic expansion into…