The past week has witnessed a series of cyber events in the Crypto space, numerous significant hacks and scams on decentralized platforms, social media, and blockchain initiatives have been reported. Let’s have a look at the detailed breakdown of the incidents Dawn Internet Hack: Telegram Bots Take Advantage On January 15 the decentralized wireless network …
Sustained demand for Layer 2s could quickly deplete the available blob capacity. The impending Pectra upgrade only kicks the can down the road, Polynomial's co-founder said.
The largest cryptocurrency by market capitalization Bitcoin price today has achieved a new benchmark by achieving the $109,000 mark. Reportedly, with an intraday jump of ~3% and a trading volume of $99.069 billion. The Bitcoin price has hit a new all-time high of $109k first on Crypto.com. With this, the BTC price now has a …
As pro-crypto US President-elect Donald Trump prepares to take office tomorrow, the World Liberty Financial (WLFI) ecosystem has gained notable recognition in the cryptocurrency space. The initial pre-sale of the WLFI token sold out 20 billion units, fueled by whale investors seeking a share of the DeFi protocol. As a result, the World Liberty Financial …
At a time when Republican leader known for his pro-crypto stance, is preparing to take the oath of office as the 47th President of the United States of America, the number of searches for “Buy Crypto” and “Buy Solana” on the Google Search platform has witnessed a massive surge. Maybe, you are wondering what’s the …
The TRUMP memecoin achieved a fully diluted valuation of more than $73 billion after launching on the Solana blockchain late Friday.
Crypto prices had a mixed day, with Bitcoin bouncing back to $101K after hitting $106K earlier. All eyes are on Donald Trump as he kicks off his presidential campaign today. Just two days ago, he launched TRUMP Coin, which shot up by 55% in the last 24 hours. Not to be outdone, Melania Trump jumped …
Coinbase chief legal officer Paul Grewal accused the FDIC of playing “word games” after the agency said it only searched for pause letters from a specific time period.
Robinhood is preparing to list the TRUMP meme coin, which has already gained traction on platforms like Bitget, KuCoin, and Kraken. On-chain data reveals that the token boasts a market cap exceeding $7.6 billion, with trading volumes around $15 billion. Adding to the hype, crypto giants Coinbase and Binance have also announced plans to list …
The fee surge was triggered by heavy user engagement in on-chain transactions amid the launch of the TRUMP and MELANIA memecoins.
The cryptocurrency market is witnessing a downturn as Bitcoin struggles to hold its ground after reaching near its all-time high. The overall crypto market capitalization has fallen by around 4%, now sitting at approximately $3.54 trillion. Let’s dive into the factors driving this decline. Trumps Accused of Pump and Dump Scheme One key event shaking …
World Liberty Financial completed its initial sale of tokens at 1.5 cents each and has now released more, hiking the price to 5 cents.
Cardano price started a fresh decline below the $1.050 zone. ADA is consolidating and might struggle to start a fresh increase above the $1.0250 level. ADA price started a fresh decline from the $1.150 zone. The price is trading below $1.0550 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $1.040 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $1.050 resistance zone. Cardano Price Faces Hurdles After struggling to stay above the $1.150 level, Cardano started a fresh decline unlike Bitcoin and Ethereum. ADA declined below the $1.050 and $1.0350 support levels. It even spiked below $1.00. A low was formed at $0.9615 and the price is now attempting to recover. There was a move above the $0.990 level. The price cleared the 23.6% Fib retracement level of the downward move from the $1.088 swing high to the $0.9615 low. Cardano price is now trading below $1.050 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $1.0250 zone. It is near the 50% Fib retracement level of the downward move from the $1.088 swing high to the $0.9615 low. The first resistance is near $1.050. There is also a connecting bearish trend line forming with resistance at $1.040 on the hourly chart of the ADA/USD pair. The next key resistance might be $1.0880. If there is a close above the $1.0880 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.120 region. Any more gains might call for a move toward $1.1520 in the near term. Another Decline in ADA? If Cardano’s price fails to climb above the $1.050 resistance level, it could start another decline. Immediate support on the downside is near the $0.980 level. The next major support is near the $0.9650 level. A downside break below the $0.9650 level could open the doors for a test of $0.9200. The next major support is near the $0.880 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.980 and $0.9650. Major Resistance Levels – $1.0250 and $1.0500.
XRP is still in an uptrend, albeit in a corrective phase and the key to sustaining the bullish case is holding above the support levels. The altcoin has been consolidating just below its all-time high territory, and while the market remains in a mixed phase, the outlook is still positive. At the time of writing, …
The Donald and Melania Trump-backed memecoins that launched over the weekend have amassed a combined value of over $15 billion.
XRP price started a fresh increase above the $3.050 level. The price is holding gains and might continue to rise if it clears the $3.20 resistance. XRP price gained over 15% and rallied toward the $3.40 zone. The price is now trading below $3.250 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3.20 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $2.880 support. XRP Price Dips To Support XRP price managed to start a fresh increase above the $2.750 and $2.880 resistance levels. The price outperformed both Bitcoin and Ethereum. There was a move above the $3.050 and $3.20 levels. The price tested the $3.40 zone and recently corrected some gains. A low was formed at $2.81 and the price is now recovering. There was a move above the $3.050 level. The price cleared the 50% Fib retracement level of the downward move from the $3.23 swing high to the $2.81 low. The price is now trading below $3.20 and the 100-hourly Simple Moving Average. There is also a connecting bearish trend line forming with resistance at $3.20 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $3.130 level or the 76.4% Fib retracement level of the downward move from the $3.23 swing high to the $2.81 low. The first major resistance is near the $3.20 level. The next resistance is $3.230. A clear move above the $3.230 resistance might send the price toward the $3.320 resistance. Any more gains might send the price toward the $3.40 resistance or even $3.420 in the near term. The next major hurdle for the bulls might be $3.50 and a new all-time high. Another Downside Correction? If XRP fails to clear the $3.20 resistance zone, it could start another decline. Initial support on the downside is near the $3.00 level. The next major support is near the $2.88 level. If there is a downside break and a close below the $2.88 level, the price might continue to decline toward the $2.750 support. The next major support sits near the $2.650 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $3.00 and $2.880. Major Resistance Levels – $3.130 and $3.20.
US President-elect Donald Trump’s launch of his own cryptocurrency, $TRUMP, has created a storm in the crypto world, with its market capitalization soaring to several billion dollars in a short period. The meme coin was released just days before Trump’s inauguration as the 47th President of the United States. Critics have raised concerns that the …
The former CTO of Coinbase and general partner at venture capital firm Andreessen Horowitz said in a thread on X that memecoins aren’t wealth creation.
Trump has given a ray of hope to the downmarket with its new crypto policies and market cheered his crypto centric election campaign wholeheartedly. The crypto turned to a Trillion dollar industry with Trump’s win. However, the market got more interested with the debut of Donald Trump’s TRUMP meme coin, which initially jumped to a …
Ethereum price started a downside correction from the $3,500 resistance. ETH is consolidating above $3,120 and facing many hurdles. Ethereum failed to gain pace for a close above $3,500 and corrected gains. The price is trading below $3,320 and the 100-hourly Simple Moving Average. There is a short-term connecting bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it clears the $3,300 resistance level. Ethereum Price Dips To Support Ethereum price started a decent upward move above the $3,320 level but upsides were limited compared to Bitcoin. ETH failed to gain pace for a close above $3,500 and corrected gains. There was a move below the $3,320 and $3,300 support levels. A low was formed at $3,141 and the price is now consolidating losses. There was a minor increase above the $3,200 level. The price climbed above the 23.6% Fib retracement level of the recent decline from the $3,445 swing high to the $3,141 low. Ethereum price is now trading below $3,280 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,240 level. The first major resistance is near the $3,300 level or the 50% Fib retracement level of the recent decline from the $3,445 swing high to the $3,141 low. The main resistance is now forming near $3,380. There is also a short-term connecting bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD. A clear move above the $3,380 resistance might send the price toward the $3,450 resistance. An upside break above the $3,450 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,500 resistance zone or even $3,550 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,300 resistance, it could start another decline. Initial support on the downside is near the $3,150 level. The first major support sits near the $3,120. A clear move below the $3,120 support might push the price toward the $3,050 support. Any more losses might send the price toward the $3,020 support level in the near term. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,120 Major Resistance Level – $3,300
More than 400,000 traders were liquidated over the past 24 hours as Bitcoin plunged back below $100,000.
The Trump crypto business World Liberty Financial has bought up millions worth of Ether in the past day as the token has slightly strengthened against Bitcoin.
Bitcoin price started a short-term downside correction from the $106,250 zone. BTC is consolidating above $100,000 and might aim for a fresh increase. Bitcoin started a downside correction from the $106,250 zone. The price is trading below $103,500 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $104,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $100,000 support zone. Bitcoin Price Holds $100K Bitcoin price started a decent upward move above the $100,000 zone. BTC was able to climb above the $102,500 and $103,800 levels. A high was formed at $106,246 and the price recently started a downside correction. There was a drop below the $104,000 and $103,500 levels. Besides, there was a break below a key bullish trend line with support at $104,650 on the hourly chart of the BTC/USD pair. A low was formed at $99,538 and the price is now rising. There was a move above the 23.6% Fib retracement level of the recent decline from the $106,246 swing high to the $99,538 low. Bitcoin price is now trading below $103,800 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $102,000 level. The first key resistance is near the $103,000 level or the 50% Fib retracement level of the recent decline from the $106,246 swing high to the $99,538 low. A clear move above the $103,000 resistance might send the price higher. The next key resistance could be $104,650. A close above the $104,650 resistance might send the price further higher. In the stated case, the price could rise and test the $106,250 resistance level. Any more gains might send the price toward the $108,500 level. More Losses In BTC? If Bitcoin fails to rise above the $103,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $100,500 level. The first major support is near the $100,000 level. The next support is now near the $98,800 zone. Any more losses might send the price toward the $96,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $100,500, followed by $100,000. Major Resistance Levels – $103,000 and $104,650.
Bitcoin rallied as positive sentiment continues with Trump set to take office on Monday and having launched his memecoin.
BTC has pulled back to $100K as Melania Trump launched her own memecoin, stalling the surge in the TRUMP token.
The following article is an op-ed by Mike Romanenko, CVO & Co-founder of Kyrrex. The crypto industry in Europe is standing at the threshold of a regulatory transformation. The Markets in Crypto-Assets Regulation – MiCA –, the European Union’s landmark framework for crypto governance, is set to become a legal requirement, shaping the industry’s future. […]
The post Is the crypto market ready for 2025 with MiCA? appeared first on CryptoSlate.
The Official Trump (TRUMP) memecoin saw its price rebound to $61 after Robinhood announced the token’s listing on the exchange.
The launch of competing meme tokens highlights the volatility and speculative nature of the crypto market, impacting investor confidence.
The post Trump’s coin plunges 40% after his wife drops MELANIA meme token appeared first on Crypto Briefing.
Large holders of Ethereum, also called Ethereum whales, have been on an accumulation trend for a while now, with on-chain data revealing a fascinating increase in their collective holdings. Particularly, data from blockchain analytics firm IntoTheBlock shows that Ethereum whales now hold about 43% of the total circulating supply of ETH. The imbalance in ETH holdings raises important questions about its implications for Ethereum’s price and market dynamics moving forward. Whale Accumulation Surges By Over 90% Since Early 2023 According to IntoTheBlock, the total concentration of ETH in whale addresses is currently at 61.09 ETH, which represents about 43% of the total supply. This marks a significant shift from early 2023, when whales held just 22% of Ethereum’s circulating supply. IntoTheBlock classifies whale addresses as those holding more than 1% of the total circulating supply of ETH. Related Reading: Dogecoin Bulls Eye $3 As Whales Scoop 200 Million DOGE In The Last 2 Days The nearly twofold increase in Ethereum whale holdings within just a year is a noteworthy development. Naturally, such a concentration of a large supply of cryptocurrency into a few wallets would spell doom for the asset, as it would mean a few players would be able to manipulate price dynamics as they wish. However, Ethereum’s case deviates from this narrative due to the unique nature of its ecosystem and recent structural shifts within the network since 2022. The sharp rise in whale concentration can be attributed to two major factors: the Ethereum merge and the growing appeal of ETH staking to earn rewards. The Ethereum merge, which took place in 2022, transitioned the blockchain from a proof-of-work (PoW) system to a proof-of-stake (PoS) mechanism. As such, in-depth data from IntoTheBlock, which shows the 61.09 million ETH concentrated in only three whale addresses, makes much sense. What this means is that these ETH are mostly those locked in the proof-of-stake staking algorithm used by block validators on the Ethereum network. By locking up their Ethereum, ETH miners and large holders have not only reduced the circulating supply but also contribute to price appreciation by reducing the amount of Ethereum available for trading. Ethereum Holder Dynamics – Investors And Retailers The increase in ETH among whale addresses has meant less ETH is available for investors and retail owners. IntoTheBlock classifies investors as addresses holding between 0.1% and 1% of the total circulating supply, while retail are those with less than 0.1% of the total circulating supply. At the time of writing, there are 42 investor addresses and they collectively own 15.2 million ETH, which translates to 10.77% of the total circulating supply. Keeping in mind that the three whale addresses do not do much with price dynamics, investor addresses holding significant but more liquid portions of ETH have a greater capacity to affect market movements. Any substantial selloff from these investor addresses could trigger a sharp decline in Ethereum’s price. Related Reading: Bitcoin Reserve In The US: 65% Chance It Happens In 2025 On the other hand, retailers, which constitute over 99% of ETH addresses, are left with 46% of the total circulating supply. At the time of writing, Ethereum is trading at $3,225 and is down by 2% in the past 24 hours. Featured image from Pexels, chart from TradingView
Trump-backed World Liberty Financial said it has sold 20% of its token supply and decided to open up an additional 5% of supply for sales.