Just an hour before, Bitcoin (BTC) saw a significant drop in the Asian trading hours, plunging into the $91K range after a loaded crypto liquidation totaling $687 million. BTC alone accounted for $178.25 million in liquidations, reflecting the market’s struggle with overheating leverage positions and profit-taking among holders. Over the
Schuman Financial, a cryptocurrency firm founded by former Binance executives Martin Bruncko and Eduardo Morrison, has launched EURØP, a euro-backed stablecoin. This move comes as Europe prepares for the final enforcement deadline of the Markets in Crypto-Assets Regulation (MiCA) at the end of 2024. EURØP is a 1:1 pegged stablecoin,
Changpeng Zhao, the founder and former CEO of Binance, expressed his concerns over the growing popularity of meme coins, calling the trend “a little weird” in a statement made on Tuesday. Zhao’s comments come at a time when meme coins see explosive gains in 2024. However, the rise of meme
As the cryptocurrency market anticipates for the upcoming altcoin season, several assets have shown price breakouts. At press time, the trading charts shows mixed trends, as Bitcoin (BTC) and Ethereum (ETH) is trading on the downside at $93.4K and $3.3K, respectively. Turning to altcoins, Solana (SOL) hit a new all-time
The largest altcoin, Ethereum (ETH), has caught up with the crypto market rally. ETH has been in the consolidation phase for the past few weeks, facing mighty challenges in breaking through crucial resistance levels. Ethereum’s price has begun a fresh surge above $3.4K. Notably, ETH bulls have pushed the price
Blobana, the groundbreaking AI entity built on the Solana blockchain, is poised to enter a new phase of innovation and capability. This monumental upgrade marks a pivotal moment in Blobana’s journey, moving beyond its initial framework to embrace cutting-edge advancements in artificial intelligence, blockchain integration, and community engagement. The initiative
The Bitcoin holdings of MicroStrategy have surged once again. The company’s total Bitcoin holdings reached 386,700 after an announcement that it had acquired 55,500 BTC for $5.4 billion. With the purchase of 55,500 BTC from November 18–24 at an average price of $97,862 per bitcoin, MicroStrategy increased its BTC yield
November has been bullish for cryptocurrencies, with the largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), breaking the crucial $99.6K and $3.5K, respectively. The BTC rally has sparked a surge in all major altcoins, driving them to new highs. Among the altcoins, Chainlink (LINK) has shown solid resilience, surging over 68%
Today, Avalanche (AVAX) has captured attention with a remarkable performance, hitting a seven-month high as Bitcoin reclaims the $98K zone. Over the past 24 hours, AVAX has surged by over 22%, climbing from $38.78 to an intraday peak of $47.63—a level not seen since April. At the time of writing,
The crypto market decided to take a downturn over the weekend after Friday’s price action. Leading cryptocurrency Bitcoin went on to take a brief pause from its upward rally and is currently trading at the $97K level. Subsequently, the altcoins sector also dropped modestly while also attempting to pause the
