Binance Data Shows Decline in Leverage: Is a Major Crypto Shakeout Coming?
The global cryptocurrency market has experienced a slight downturn over the past week, with Bitcoin (BTC) struggling to regain its recent highs. Market data from CoinGecko shows the total crypto market capitalization currently stands at approximately $3.79 trillion, representing a 0.4% decline in the last 24 hours. This pullback follows a period of uncertainty across…
Ethereum Nears Make-or-Break Moment as Open Interest Soars to All-Time High
Ethereum (ETH) has mirrored the broader cryptocurrency market’s recent downturn, with its price declining by 4% over the past week. As of today, ETH trades at approximately $3,598, reflecting a 1% decrease in the past 24 hours. This pullback follows months of mixed price action across the market, as traders balance optimism over long-term fundamentals…
Bitcoin Price Tries to Climb Again – Bulls Eye Short-Term Upside
Bitcoin price is attempting to recover above the $114,200 zone. BTC is now consolidating and might attempt to clear the $115,500 resistance zone. Bitcoin started a recovery wave above the $113,500 zone. The price is trading above $114,000 and the 100 hourly Simple moving average. There was a break above a bearish trend line with…
China Greenlights Launch Of Its First Crypto Stablecoin—Report
As part of an initiative to internationalize the renminbi (Chinese Yuan) and enhance its competitiveness against the US dollar, China is poised to launch its first stablecoin. Meanwhile, the US is making significant progress toward its mission of becoming the crypto capital of the world. Despite this ambitious plan, concerns about potential capital flight are…
Cardano (ADA) Targets $0.80 As Price Retests Key Level – Is An 85% Jump Ahead?
After recovering from its local lows, Cardano (ADA) is retesting a key area that could send the price to the next crucial resistance. Some analysts suggest that the cryptocurrency is preparing for a massive rally. Cardano Retests Key Resistance Following last week’s drop to the $0.70 support, Cardano is attempting to break out of a…
Ethereum Price Looks Strong – Uptrend May Resume Above Key Zone
Ethereum price found support near the $3,540 zone and recovered. ETH is rising and might soon aim for a move above the $3,740 zone. Ethereum started a fresh increase above the $3,540 and $3,580 levels. The price is trading above $3,620 and the 100-hourly Simple Moving Average. There was a break above a bearish trend…
Japanese Financial Giant SBI Moves Forward With Bitcoin-XRP ETF Application
Japan’s largest bank, SBI, has unveiled plans to launch the country’s first exchange-traded fund (ETF) that will be linked to both Bitcoin (BTC) and XRP. SBI Unveils Japan’s First Bitcoin And XRP ETF According to circulating reports, this investment vehicle aims to trade on the Tokyo Stock Exchange (TSE), offering institutional investors a regulated avenue…
XRP Price Trapped Below Resistance – Bulls Running Out of Steam?
XRP price is struggling to continue higher above the $3.020 zone. The price is consolidating and might decline below the $2.920 support. XRP price is correcting gains from the $3.10 zone. The price is now trading near $2.980 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $3.020…
DOGE Holds Above $0.18 as RSI Signals 70% Rally Potential: Can Dogecoin Outperform in Q3?
Despite recent bearish pressure in the crypto market, Dogecoin (DOGE) is showing signs of resilience, holding above the crucial $0.18 support level. After slipping below the $0.20 threshold, DOGE continues to attract bullish speculation, particularly as it approaches a critical RSI level on the 4-hour chart. Crypto analyst KrissPax highlights that Dogecoin’s RSI is nearing…
SUI In A Sweet Spot: Structural Support And VWAP Align For Potential Breakout
SUI is currently sitting in a prime “sweet spot,” where key structural support meets the VWAP average. This alignment establishes a robust technical foundation, indicating a potential breakout as buyers step in at this critical level. Key Support Level Near Aligning With VWAP Average In a post on X, CryptoPulse drew attention to SUI’s recent…