The bears are restraining the bulls from making the move, and the recent bullish momentum of BTC is gradually diminishing. Bitcoin is at a critical juncture, with its price hovering around $62,000. The current price momentum is at a declining pace, down by 1.56% in the last 24 hours. Notably,
Solana (SOL), the fifth-largest cryptocurrency by market cap, has drawn out its marginal gains. After a 1.68% spike, SOL chose a brief bullish rally for the day, breaking the previous resistance levels. Over the last 24 hours, SOL managed to hit a high of $162. Despite the surge, the SOL
Crypto holders with stakes in Dogwifhat (WIF) and BNB are facing a challenging period as both coins experience significant downturns. Amid these market challenges, contributors are gravitating towards BlockDAG (BDAG), attracted by its impressive $67.7 million presale that remains unaffected by the market’s turbulence. The recent public debut of BlockDAG’s
The crypto market has briefly recovered from the recent dip, and the global crypto market cap has spiked by 0.75% to $2.15 trillion over the last day. Leading cryptocurrencies have recovered moderately from their support levels. Among them, Bitcoin (BTC) has soared 0.39% within the last 24 hours. Bitcoin’s price
Polygon’s MATIC token has emerged as a beacon of hope in an otherwise tepid cryptocurrency market, captivating investors with a price surge and a decisive bullish breakout. This remarkable performance stands in stark contrast to the struggles faced by market leaders Bitcoin (BTC) and Ethereum (ETH), positioning MATIC as a
Abu Dhabi is taking significant steps towards regulating fiat-referenced tokens (FRTs), a specific type of stablecoin. The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) introduced a proposed framework on August 20. It aimed at overseeing the issuance and operation of FRTs. FRTs are digital assets
Terraform Labs, the company behind the troubled TerraUSD stablecoin, is progressing through its Chapter 11 bankruptcy proceedings. The U.S. Bankruptcy Court has set a “confirmation hearing” for September 19, 2024, to evaluate the company’s proposed restructuring and liquidation plans for Terraform Labs Pte Ltd. and Terraform Labs Limited. On August
Bitcoin (BTC) has fallen below $59,000 again, leaving traders and investors anxious with its intense consolidation phase. The largest cap cryptocurrency has been in a crisis to maintain its position above the $60,000 price level. Despite breaking the resistance, BTC signals a brief bearish rally by sliding down to $58,610
Binance Coin (BNB) has emerged as a standout performer in the cryptocurrency market, showcasing remarkable resilience amidst broader market fluctuations. Trading at $558 at press time, BNB has registered an impressive gain over the past 24 hours. A key metric experiencing a parallel uptick is Open Interest (OI), which has
Solana (SOL), the fifth-largest altcoin by market cap, has extended its minimal gains. After a 2.67% spike in the last 24 hours, SOL hit the $148 mark. Despite struggling to $150, the altcoin signals a brief bullish rally for the day surpassing its previous resistance levels. The token opened the
