Nearly a quarter of adults with internet access might own cryptocurrency in the Asia Pacific region, a report, produced jointly by Protocol Theory and CoinDesk, said Friday. The report, based on a survey of 4,020 people in 10 different countries and extrapolated to the broader APAC region, further suggested that crypto adoption is spurred by…
Social sentiment around the majors has deteriorated sharply in recent days, according to Santiment, with traders turning noticeably defensive as prices continue to grind lower. That kind of fatigue typically appears near inflection points — not at the start of new downtrends — and the data is beginning to reflect it. “Bitcoin has dumped below…
According to CoinDesk Research’s technical analysis data model, solana SOL$156.94 crashes through critical support levels in a dramatic Wednesday session. The token plunged 5.24% to $145.43, erasing gains from the previous week. Trading volume exploded 13.23% above weekly averages as institutional selling dominated price action. The breakdown accelerated during the final trading hours. SOL collapsed…
Another difficult day in markets has bitcoin BTC$98,204.31 lower by nearly 3% to $98,600, helping to drag down the largest corporate holder of BTC, Strategy (MSTR), by 6.6%. Now trading at $210, MSTR has returned to levels not seen since the weeks prior to the election of Donald Trump last November. Shares are lower by…
Chainlink’s LINK LINK$15.93 token extended its slide during Thursday, dropping nearly 5% over the past 24 hours and breaking below $14.50 as technical sellers overpowered buyers. LINK fell from $15.26 to $14.73 during the day, then continued lower, marking its weakest level since late October, CoinDesk data showed. The token underperformed the CoinDesk 5 Index,…
Stellar faced selling pressure during Tuesday’s session with XLM sliding from $0.2846 to $0.2812 as institutional distribution emerged at elevated levels. The token carved out a $0.0189 range, representing 6.7% volatility that signaled heightened trader uncertainty around current price levels. The breakdown accelerated at 14:00 when trading volume spiked to 76.24 million tokens—115% above the…
Dromos Labs, the core developer behind decentralized exchanges (DEX) Aerodrome on Base and Velodrome on Optimism, announced a major overhaul of its decentralized exchange infrastructure on Wednesday with the launch of Aero, a unified trading system that will replace and merge its existing platforms across both networks, as well as expand to other Ethereum chains….
Grayscale Investments filed an S-1 form to the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering (IPO) of its common stock. Grayscale noted that the number of shares to be registered and the proposed price range for the offering have not yet been determined. The company stated that the offering…
Federal Reserve rate cut odds for December have fallen to near coin toss levels, signaling rising uncertainty among investors ahead of the Dec. 10 meeting, according to data source CME’s FedWatch tool. Markets now price roughly a 52% chance of a 25 basis point cut, down sharply from 95% a month ago and 65% a…
The crypto market continued to establish fresh levels of support on Thursday, with bitcoin BTC$102,956.78 trading around $103,000 while ether ETH$3,504.10 rose less than 1% to $3,500. The average crypto relative strength index (RSI) remains in neutral territory while the Fear and Greed index is printing 25/100, indicating negative sentiment across the market. There was…
