The crypto market is facing one of its sternest tests yet, with the bitcoin BTC$96,737.97 price breaking below the crucial $98,000 level of support following a wave of sell pressure in a low-liquidity environment. The sell-off prompted more than $1.1 billion in liquidations, about half of which occurred on bitcoin trading pairs, according to CoinGlass….
Tether’s dominance in the cryptocurrency market has risen sharply, reaching its highest level since April, underscoring the risk aversion in the broader crypto market. Tether is the world’s largest dollar-pegged stablecoin, trading at a market capitalization of $184 billion at press time. While the stablecoin is widely used to fund crypto purchases and for lending…
Major cryptocurrencies are facing persistent pressure this month, even as gold and silver rally. These diverging trends reflect risks unique to digital assets, as mounting concerns over government stability propel precious metals higher, highlighting a strengthening investor confidence in traditional safe havens. This month, bitcoin BTC$99,338.66, the largest cryptocurrency by market value, has slipped over…
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….
