Ethereum, the second largest cryptocurrency by market capitalization is now trapped under the bearish pressure. It had a 3% dip in the past 24 hours and 7.28% in the past seven days, currently trading at $2344. Despite this downfall in price, Ethereum’s long-term holders have now surpassed those of Bitcoin,
XRP failed in its attempt to turn the $0.57 level into support over the weekend as bears continued to apply intense downside pressure. The token has shed nearly 7% over the past week and currently trades around $0.54 following another 2% daily slump. The broader crypto retreat has engulfed XRP
Notable cryptocurrencies began the week on a negative note as investors worry about potential huge bitcoin sales and are likely reducing their market exposure in preparation for potential price drops. “I think we break $40k,” BitMEX co-founder Arthur Hayes said in a fresh Bitcoin price forecast released on Monday. This
Within 30 hours of its debut, the Solana Mobile 2, the company’s newest offering in the mobile market, had received over 30,000 preorders. Moreover, preorders for the new smartphone have already topped sales for the original model. The web3-centric features of the newer version of Solana Mobile have generated a
XRP finds itself at a pivotal moment, theoretically days away from a major price breakout or breakdown. The cryptocurrency has formed a symmetrical triangle pattern on its chart as buyers and sellers fight for control. XRP has been confined to the triangle structure since its surge to 2023 highs of
Ethereum, the second-largest cryptocurrency, is at a crucial crossroads as it grapples with resistance levels and shifting market dynamics. Over the past week, ETH has experienced a 5% decline, currently trading at $2,462, with a 2.38% dip in the last 24 hours. Ethereum’s recent struggles to surpass $2,550 and $2,580
Polygon (MATIC), once a high-flying cryptocurrency that crossed the $1 mark in December 2023, is now facing increased selling pressure as defunct Celsius, a notable crypto entity, transfers millions of MATIC tokens to centralized exchanges like Binance and Crypto.com. This move has raised questions about the cryptocurrency’s price trajectory. Spotonchain,
MATIC’s price history tells a story of resilience and struggle. After hitting its all-time high in December 2021, MATIC experienced a sharp decline, reaching $0.32 in June 2022. However, since that low point, the price has displayed an upward trajectory. Despite these positive movements, the cryptocurrency has grappled with the
Solana’s recent price action has caught the attention of traders and investors alike. The technical analysis reveals its determined attempt to surpass multiple resistance levels. Should Solana successfully breach the trendline resistance in a decisive manner, it could open the door to substantial growth. The underlying trendline support further supports
The legal tussle between the Securities and Exchange Commission (SEC) and Ripple has taken an unforeseen twist. The SEC, in a move that caught many off guard, has filed a motion seeking an order compelling Ripple to disclose its financial statements for the years 2022–2023. This unexpected request introduces a
