JUP has fallen 2% over the past 24 hours.
Hyperliquid, the decentralized trading platform, has just shattered all expectations, reaching a massive $22 billion in trade volume in just 24 hours. This new record, surpassing the previous $21 billion set just the day before, shows that Hyperliquid is growing faster than ever. But what’s driving this explosive growth? Hype Broken The Record The surge …
Bitcoin bulls have their work cut out on both short and long timeframes, BTC price analysis shows.
Mining fundamentals are strong with the cost to mine around $27,000 per bitcoin for larger participants, the report said.
Bitcoin has stabilized around $105,000 as analysts attribute some of the market calm to Trump's pro-crypto SEC and CFTC appointments.
Coinbase director Conor Grogan says he has identified around $47 million worth of bitcoin associated with Silk Road founder Ross Ulbricht.
The memecoins have gained mainstream attention ever since President Donald Trump launched his official token, TRUMP. This has started a wave of celebrity coins, as more and more known personalities like Mark Cuban are expected to launch their token. The ongoing wave has also offered a significant bullish push to the Dogecoin price, which has …
Dogecoin has emerged as a focal point of conversation, even amid a sudden wave of meme coins linked to Donald Trump’s return to the spotlight. On-chain analysis firm Santiment, which recently shared a sentiment dashboard on X, notes that “the top trending tokens” are all about meme coins following the “historic US inauguration of Donald Trump.” In their latest post, Santiment emphasizes that “TRUMP is being discussed following its controversial listing on Coinbase, and the risks involved in investing during a volatile market,” while there is also “significant interest in airdrops of ‘TRUMP’ tokens, with a notable event securing $1M worth of tokens.” MELANIA, another meme coin tied to the Trump brand, has caused a stir by briefly surpassing a $9 billion valuation, although it has endured “substantial fluctuations amid broader market uncertainty.” Related Reading: Dogecoin Momentum Weakens: RSI Signals Bearish Continuation To $0.3 Meanwhile, Dogecoin’s surge in social media mentions is attributed by Santiment to the newly established US Department of Government Efficiency (DOGE) led by Elon Musk, as the project uses Dogecoin as its avatar. On January 21, the US Government officially launched the Department of Government efficiency (DOGE) website which has the official Dogecoin logo on it. “This initiative has sparked discussion as it intertwines cryptocurrency with government operations, generating buzz on social media. Additionally, discussions around the potential for new meme coins linked to public figures like Trump and Musk contribute to the speculation about Dogecoin’s future performance and relevance in the crypto space,” Santiment writes. Despite the sudden attention on TRUMP and MELANIA, Santiment’s sentiment breakdown underscores mixed feelings for both tokens. Regarding TRUMP, the post states: “The word ‘trump’ is trending due to discussions about the Trump Coin. Its price fluctuations, and the speculative nature of meme coins, users are debating the risks of investing in Trump Coin.” Santiment’s “positive” analysis points to “political influence and executive actions” as reasons for optimism, highlighting that “the anticipation of a crypto executive order from Trump has generated excitement among investors.” Related Reading: Will Dogecoin Skyrocket Soon? Chart Pattern Suggests Yes MELANIA’s sentiment likewise splits along bullish and bearish lines, with the negative view referencing a more than 70% drop from its initial peak price, and the bullish narrative noting “celebrity endorsement” from Donald and Melania Trump as a potential driver of renewed interest. Technical Analysis: DOGE Confirms Breakout At press time, Dogecoin (DOGE) was trading at around $0.367 after rebounding from a descending trendline dating back to early December. The breakout above the diagonal resistance occurred earlier this week, followed by a successful retest of the trendline yesterday, confirming it as new support. Following the retest, DOGE is now contending with the 0.5 Fibonacci retracement level at $0.3943, which marks the next major overhead barrier. A clear break of this resistance could open the door to the higher 0.618 Fib level at $0.4759 and the 0.786 Fib at $0.5920. On the downside, if DOGE fails to break the 0.5 Fib, the 0.382 Fib at $0.3129 may act as the most reliable support. Meanwhile, the Relative Strength Index (RSI) at around 51 remains neutral, reflecting balanced momentum and leaving room for a potential continuation to either side. Featured image created with DALL.E, chart from TradingView.com
Unlike other Ethereum L2s, “the first true SVM rollup" uses the Solana Virtual Machine to speed transaction settlement times.
Conner is joining AI-focused networks Fresya.AI.
Donald Trump’s memecoin, TRUMP, momentarily fell about 30% after the former president commented that he was not closely tracking it. The price dipped to $32 on some exchanges before rebounding to around $43. The token, launched shortly before Trump’s second inauguration, previously reached $76 and a $12 billion market cap but has been volatile. During […]
The post Donald Trump confirms memecoin launch, says billions in profits is ‘peanuts’ for his team appeared first on CryptoSlate.
Former President Trump’s Bitcoin Reserve Plan is rapidly gaining support, with major companies and influential figures backing the idea as he takes office. One of the most prominent supporters is Fred Thiel, CEO of Marathon Digital Holdings (MARA), who has outlined a bold plan to establish a Strategic Bitcoin Reserve (SBR) across all 50 U.S. …
H.E. Justin Sun, the founder of Tron and an influential figure in the blockchain space, recently took to X to highlight Donald Trump’s steadfast commitment to his promises and the potential impact on the crypto industry. Sun referred to Trump as the “Bitcoin President” and noted the significance of his crypto-related pledges ahead of the …
After taking office as President, one of the first things that Donald Trump did was remove a 2023 executive order released by Joe Biden to reduce the risks that AI poses to consumers, workers and national security. Many AI enthusiasts have termed the move as a turning point in the US’ journey to become a …
Bullish sentiments toward the XRP price have risen since the new president’s inauguration, with speculation that the Ripple founder will work closely with the Trump administration. However, a very minimal impact has been seen on the token’s value, which suggests that external factors do not influence the trend. Besides, the emergence of new ‘Celebrity Coins’ …
Analysts suggest investors don’t need to worry about the Trump memecoin's supply shock for the next three months, despite criticism of its "poor tokenomics."
The crypto market has been posting greener numbers, with the bulls getting unchained. As a result, memecoins such as Dogecoin, Shiba Inu, Trump coin, and Bonk have recorded the highest gains during this period. Successively, market players have been keen on icebreaker questions like: Will the memecoin segment maintain its bullish recovery and surpass its …
Of the 4.5 million daily active users on Solana, 1.5 million were unique tippers, showcasing interest in token sniping on platforms like Meteora and Orca.
On Tuesday, tech giant MicroStrategy purchased an additional 11,000 Bitcoin (BTC) for approximately $1.1 billion, as disclosed by its chair and co-founder Michael Saylor in a social media post on X (formerly Twitter). This acquisition marks the company’s 11th consecutive week of Bitcoin purchases, reinforcing its status as a significant player in the digital currency space. Saylor has been at the forefront of this strategy, positioning the enterprise software company as a leveraged Bitcoin proxy. MicroStrategy Bitcoin Holdings Surge According to Microstrategy’s filing with the US Securities and Exchange Commission (SEC), the firm acquired the Bitcoin at an average price of about $101,191 per token between January 13 and January 20. With this latest purchase, the firm now holds over 2% of all Bitcoin that will ever be mined, representing approximately $47.9 billion in total Bitcoin holdings. MicroStrategy has been funding these acquisitions through a combination of at-the-market stock sales and convertible debt offerings. Related Reading: Bitcoin Struggles For Direction Post-Trump Disappointment – What Next? The timing of this latest purchase aligns with a broader shift in the regulatory environment under President Donald Trump, who has transitioned from being a crypto skeptic to a supporter of the industry. This change is expected to create a more favorable regulatory framework for cryptocurrencies, prompting Saylor and MicroStrategy to accelerate their capital goals and Bitcoin buying efforts. Ahead of Trump’s inauguration, the firm’s co-founder even attended the first ever “Crypto Ball” in Washington on Friday, where he engaged with key figures in the incoming administration. New Shares To Support BTC Strategy In a related development, MicroStrategy shareholders voted also on Tuesday to approve a staggering 30-fold increase in the number of authorized Class A common shares, raising it from 330 million to 10.3 billion. According to a Bloomberg report, this decision, which passed with around 56% of the vote, is designed to facilitate further financing for the company’s Bitcoin purchases. Additionally, shareholders voted to increase the authorized shares of preferred stock from 5 million to 1 billion. Related Reading: Is It Time To Give Up On Ethereum Below $4,000? Analyst Weighs The Facts These amendments will take effect once MicroStrategy files the necessary certificate of amendment with the Delaware Secretary of State. The report notes that with Chairman Saylor holding about 47% of the voting power, the outcome was largely anticipated. The newly authorized shares will also be utilized for various financial strategies, including private transactions of Class A stock, sales of at-the-market equity offerings, and settling redemptions or conversions of convertible notes. However, the company has indicated that it may choose not to sell all of the additional shares. At the time of writing, Bitcoin continues to experience significant price volatility, with its price hinting at a new record high. It is currently trading at $106,400, representing a 2.5% increase in the 24-hour time frame. Featured image from DALL-E, chart from TradingView.com
Bitcoin (BTC) currently trades within a historically narrow 60-day price range, a phenomenon often seen before significant market volatility. According to a new report by Glassnode, this compression in price action suggests the crypto market may be preparing for its next big move. The report analyzed the percent range between the highest and lowest price […]
The post Bitcoin tight trading range signals imminent market movement – report appeared first on CryptoSlate.
Ethereum core developer Eric Conner exits, citing Vitalik Buterin’s leadership decisions, shifts focus to building AI tools like Freysa.ai.
Token prices zoomed 25% in the past 24 hours, beating gains in bitcoin and other majors to reverse losses from earlier in the week.
The Bitcoin community celebrated Tuesday night following President Donald Trump’s pardon of Silk Road creator Ross Ulbricht.
Monero has topped $200, confirming a bullish shift in market trend.
As the Donald Trump administration settles down for a thrilling task ahead of making America great again, the altcoin market has gradually gained bullish momentum. Under the Trump administration, the cryptocurrency industry has massively been legalized, especially memecoins and DeFi tokens. Moreover, the previous Joe Biden administration heavily recognized Bitcoin (BTC) and Ethereum (ETH) as …
Bitcoin is currently facing resistance in the short term, struggling to break through a critical price level. In addition, the Trump meme coin, which has made headlines following the recent inauguration, experienced a sharp price drop after the lack of crypto-related mentions during the event. Despite this, Trump coin is still holding higher than its …
An analyst has explained how Arbitrum could see an upswing of around 46% if its price breaks out of this technical analysis pattern. Arbitrum Has Been Trading Inside A Descending Triangle Recently In a new post on X, analyst Ali Martinez has talked about a Descending Triangle pattern forming in the 4-hour price of Arbitrum. The “Descending Triangle” refers to a formation from technical analysis (TA) that, as its name suggests, looks like a triangle slopped downwards. The pattern involves two trendlines between which the asset consolidates: an upper level drawn by connecting together lower highs in the price and a lower one parallel to the time-axis that joins bottoms. Like in many other TA patterns, the upper line is considered to be a point of probable resistance for the price, while the lower one can act as support. Related Reading: Trader Greed Strikes Again: Bitcoin Corrects To $102,000 After FOMO Spike Breaks out of either of these lines can imply a continuation of trend in that direction. An escape above the triangle is naturally a bullish signal, while a drop under it can foreshadow a bearish outcome. Similar to the Descending Triangle, there is also another pattern called the Ascending Triangle, which forms when the consolidation occurs towards an overall upside. Now, here is the chart shared by the analyst that shows the Descending Triangle that the 4-hour price of Arbitrum has been trading inside during the last couple of months: As displayed in the above graph, the Arbitrum 4-hour price retested the upper level of the Descending Triangle a few days ago, but it found rejection as it has since plunged down. Yesterday, the coin saw a very brief retest of the lower line, but it appears this level is also holding for the cryptocurrency as its price has found a rebound from it. Related Reading: XRP Whale Binance Deposits Skyrocket: Key Holders Preparing For Profit-Taking? It’s likely that these levels won’t hold for long, however, as ARB is fast approaching the apex of the triangle. As the range gets narrower, the chances of a breakout (in either direction) become higher. At present, Arbitrum is trading right in the middle of the two levels, so it’s uncertain which one it would be traveling to next. Martinez notes that if the breakout happens towards the upside, then the cryptocurrency could end up enjoying a surge of around 46%. This figure is based on the fact that the height of the triangle involves a price swing of this percentage. It only remains to be seen whether ARB would be able to find a break above the Descending Triangle or not. ARB Price At the time of writing, Arbitrum is trading around $0.72, up 1% over the last 24 hours. Featured image from Dall-E, charts from TradingView.com
The crypto business today has been posting greener numbers, with its market cap rising 3.49% to $3.64 trillion. However, the trading volumes stumbled by 37.40% to $196.58 billion. The Fear & Greed Index ticked up to a “Greed” score of 66, cautioning marketers of further moves. Bitcoin Price Holds at $105k Amid Strong ETF Inflows …
Solana’s MEV infrastructure, Jito, has made history by capturing more than $20 million in fees on two consecutive days, a first-ever achievement. On January 20, during the MELANIA transaction, Jito reached a new record, earning $26.49 million in just one day. Jito has now become the leader in fee capture, surpassing other protocols like Meteora …
Circle plans to integrate USYC with its USDC stablecoin to enable convertibility between cash and tokenized collateral.