Over the last week, the Crypto Fear & Greed Index has seen a steady decline as prices have struggled to hold up in the market. Following the Bitcoin price crash below $50,000 that rocked the market, the index plunged farther into fear. The result of this is the lowest level that the index has been […]
“The bridge currently secures over $850M which is safe,” co-founder @Psycheout86 said in an X post.
A Binance spokesperson said the company is aware of reports "regarding tax notices being issued by Indian GST authorities."
French and Irish fintech companies have partnered to introduce a euro-backed stablecoin. The coin will launch on the Stellar blockchain a month after MiCA stablecoin laws were enacted.
With Bitcoin holding the downfall above $50K, the intraday growth signals a reversal opportunity. This leads to a minor hypersonic recovery in the altcoins, especially the sentiment-sensitive meme coins. Spearheading the next stage of recovery, the meme coins are on the verge of breakout events. So, let’s look closer at the top meme coins to …
Similar to July, the August trade started on a huge bearish note. In the first week of August, all crypto assets face extreme bearish heat, with the star token, Bitcoin, plunging below $60,000 for a while. This shows that Bitcoin is approaching a “death cross,” a technical pattern where the 50-day moving average (SMA) falls …
Robinhood’s 24-hour execution venue, Blue Ocean ATS, has its own risk controls to prevent stocks from trading more than 20%.
Ethical hackers said that scammers using a fake site called Meetly.gg have rebranded it into Meeten.gg and are preparing to strike again.
The Solana (SOL) network, a top-tier web3 ecosystem aiming to dethrone Ethereum (ETH) as the top smart contract blockchain, has experienced a significant rise in on-chain activity in recent times. Amid heightened fear of further crypto sell-off in the coming weeks, the Solana price invalidated a possible bullish breakout following a notable decline last week …
The total open interest of any asset can help to narrow down what traders are doing when it comes to a coin, and Dogecoin is no different. As with any metric, a rise or fall within a period of time can be significant as traders choose to take or not take positions in that asset. In Dogecoin’s case, there has been a decline in the open interest over the last week, and this could have some implications for the DOGE price going forward. Dogecoin Open Interest Falls 24% According to data from Coinglass, the Dogecoin open interest has fallen 24% in the last week alone. This figure comes from July 18 when the open interest hit $707 million, going into August, with a total open interest value of $420 million. Related Reading: XRP Ledger Sees Sharp Decline In Major Metric That Threatens To Send XRP Price To $0.2 This decline in the Dogecoin open interest follows the market crash that has rocked cryptocurrencies, eventually sending the DOGE price below $0.09 by Monday. It shows a drastic reduction in the number of open positions, suggesting a reduction in interest. This is not the lowest that the Dogecoin open interest has been this year. However, it is interesting due to the current condition of the market. For example, the Dogecoin price has erased most of its gains from last year, pushing it back toward February 2024 lows. The correlation between the Dogecoin price and the open interest is now more glaring with this crash. In the time that the open interest has fallen 24%, the Dogecoin price has seen around a 40% decrease in price. What Does Historical Data Say? With the correlation between open interest and the Dogecoin price, using historical data could help to narrow down what might be on the horizon for Dogecoin. For example, the last time that the Dogecoin open interest saw a sharp drop, the price also followed. In March 2024, the DOGE open interest peaked at $2.21 billion, and the price saw its highest level so far this year as well. Following this, there was a crash in open interest and the DOGE price went from $0.22 to $0.18 alongside it, all in the month of March. Related Reading: VanEck CEO Compares Bitcoin Adoption To Gold, Reveals Why Price Will Touch $350,000 This suggests that for a recovery to begin for the Dogecoin price, a rise in the open interest would be a good development. If the open interest flattens out from here, then the Dogecoin price could enter a phase of consolidation that could see it tread around $0.08 for a while. Mainly, however, a recovery for the DOGE price would be imminent if the Bitcoin price were to begin rising again. In this case, a market-wide rally would see Dogecoin follow, breaking the current bearish trend. Featured image created with Dall.E, chart from Tradingview.com
Bitcoin short-term holders sell BTC at a loss to an extent rarely seen in history — but "diamond hands" contribute just $600,000.
The crypto markets have been shaken by the recent collapse but some of them are using this as a strong buying opportunity. As a result, Bitcoin quickly recovered above $55,000, which has initiated a strong ascending trend among some altcoins, including Solana. Solana has been demonstrating acute strength since the beginning and hence, with a …
ARK Invest took advantage of Monday’s massive market slump to make its first purchases of Coinbase and Robinhood shares in months. Cathie Wood’s investment management firm bought $17.8 million of COIN, its first purchase of the stock since June 6, 2023, when it bought $21.6 million worth. ARK also added $11.2 million of Robinhood shares. …
The crypto market has experienced a severe downturn, with many altcoins dropping 20-50% daily, marking the worst decline since the FTX collapse in 2022. This selloff mirrors a broader global market slump, reflecting a significant trading period for equities. The sharp decline in crypto prices underscores its nature as a “risk-on” asset, which tends to …
Memecoins like PEPE and WIF saw the biggest loss after the $510 billion crypto market sell-off.
The spot ether ETFs recorded net inflows of nearly $49 million on Monday amidst a 20% drop in its price, indicating strong demand. A broader crypto market haircut contributed to the selling pressure, with over $340 million in ETH futures liquidations. While professional investors bought the dip, ETH ETFs traded over $715 million, the highest …
Amid the recent market turmoil that drove Bitcoin to a seven-month low of $49,000, former President Donald Trump engaged with Twitch Streamer Adin Ross in a bid to garner support for a potential re-election campaign in November. Trump Urges US Government To Hold Bitcoin Reserves In his speech, Trump emphasized the importance of the United […]
Ether price is mirroring a fractal pattern from October 2023 that preceded a 178% ETH price rally.
The death cross is known to cause catastrophizing among inexperienced investors. But it's an unreliable indicator.
Binance faces a demand for nearly $92 million in unpaid GST from Indian authorities, aiming to resume operations after a previous ban.
On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) ratio has observed a plunge alongside the latest price crash. Bitcoin 30-Day MVRV Ratio Is Now At Lowest Levels Since FTX Collapse As explained by analyst Ali Martinez in a new post on X, the 30-day MVRV ratio has just gone through a sharp drop. The “MVRV ratio” refers to a popular on-chain indicator that, in short, tells us about how the value held by the Bitcoin investors (that is, the market cap) compares against the capital put in by them (the realized cap). When the value of this ratio is greater than 1, it means the investors as a whole are carrying an unrealized profit right now. On the other hand, it being under the mark suggests the dominance of loss in the market. Related Reading: Bitcoin Price Crashes To $49,000: Key Reasons Explained In the context of the current topic, the MVRV ratio for the entire market isn’t of interest, but that of just a segment of it: the investors who bought their coins within the past 30 days. Now, here is a chart that shows the trend in the 30-day Bitcoin MVRV ratio over the past couple of years: Note that the 30-day Bitcoin MVRV ratio here is displayed as a percentage, with the zero mark essentially taking the same role as the 1 value in the normal version. From the graph, it’s visible that the indicator had shot up to high levels earlier in the year as the asset had witnessed a rapid surge to a new all-time high (ATH). In the consolidation period that had followed this ATH, though, the metric had fallen to oscillation about the zero mark. This sideways trajectory, in the price and the indicator, both, has now finally been broken, as the cryptocurrency has observed a crash. The 30-day MVRV ratio has now slumped to sharp negative values of 17%, meaning that the average investor who bought in the past month is 17% in the red right now. As is apparent in the chart, the last time that the indicator plummeted this low was in November 2022, when the Bitcoin price crashed following the collapse of the cryptocurrency exchange FTX. “That period marked a bottom and an excellent buying opportunity,” notes the analyst. Related Reading: Bitcoin RSI Goes Bearish For The First Time Since August 2023, Will It Crash Below $40,000? Generally, when investor profits balloon too much, a top can become likely, as the chances of widespread profit-taking become significant. The price ATH earlier in the year also formed when the indicator had a high value. In times of high losses, though, selling could be assumed to have reached a state of exhaustion, meaning that a rebound could be probable. Bitcoin saw this in effect during the FTX crash, but it only remains to be seen whether a similar fate also lies in store for it this time. BTC Price The early signs of a potential rebound may already be here as the Bitcoin price has made recovery to $54,400 from its low under $50,000. Featured image from Dall-E, Santiment.net, chart from TradingView.com
Bitcoin trading volumes reached unprecedented levels amid market turmoil, while crypto hackers capitalized on discounted Ether.
ARK Invest is back to buying the Coinbase stock after a long selling period. On Aug. 5, ARK bagged 28,632 COIN shares for $5.4 million.
ETH bounced over 18% in the past 24 hours to reverse losses from a steep fall on Monday, with some drawing eyes to the blockchain’s fundamentals.
As crypto market is working back to reclaim the $2 Trillion valuation, the demand for altcoins is back. Amid a bullish day after days of bearish action, the AI tokens reveal a V-shaped recovery. As the uptrend chances in the altcoins increase, the opportunity to buy the dip in AI tokens arises. So, let’s look …
Roger Stone, a close aide to Trump, previously denied any involvement of the former president or his son with the TrumpCoin memecoin.
ARK Invest often loads up on shares when their prices slide, usually with a view to offloading them one their prices tick up again.
According to Bloomberg, a wallet linked to a major cryptocurrency heist two years ago swapped $39.75 million worth of the stablecoin DAI to scoop up 16,892 Ethereum (ETH) as the second-largest cryptocurrency plummeted by as much as 23% on Monday. Crypto Hacker Exploits Ethereum Crash Per the report, the hacker behind the 2022 attack on […]
India’s, Directorate General of Goods and Services Tax Intelligence (DGGI) has issued a show cause notice to Binance, demanding a hefty ₹722 crore ($86.88 million) under GST regulations. The notice alleges that Binance, a prominent global cryptocurrency exchange, collected at least Rs 4,000 crore in trading fees from its Indian users without registering under the …
Market Madness! Japanese stocks skyrocketed by over 11% after a dramatic 12% drop on Monday. The Nikkei 225 surged in a major rebound, reflecting the volatile state of global markets. Japanese Stock Market Rebounds The Nikkei 225 stock index jumped by 10.23%, or 3,217 points, marking its biggest one-day rally in points. This came after …