Bitcoin sits “on the edge of a breakdown,” according to on-chain analytics firm Swissblock. Analysts said the loss of the “Cost Basis Zone” has already triggered a decisive drawdown. Consolidation inside that zone initially looked constructive, but no confirmation arrived and BTC failed to hold the level, showing little strength when attempting to reclaim it. … Read more
Bitcoin is a legitimate financial asset that offers new outside opportunities, says BlackRock CEO Larry Fink. What does this mean for other cryptocurrencies like Bitcoin Dogs (0DOG)? Bitcoin is a legitimate financial asset, says Larry Fink BlackRock CEO Larry Fink has softened his earlier skepticism about Bitcoin and the broader crypto market, saying he now … Read more
“Is Bitcoin signaling a continuation of the bear market or the start of an early bull-market reset?” Fidelity Digital Assets asked on Tuesday. The asset manager pointed out that BTC has been in a death cross for more than 200 days, and the price briefly dipped below the 200-week moving average over the weekend. “Notably, … Read more
Key takeaways DOGE is the worst performer among the top 10 cryptocurrencies by market capitalization, falling 7.5% in the last 24 hours. The bearish performance follows muted returns from BTC and other major cryptocurrencies. DOGE leads the losses Cryptocurrency markets struggled over the weekend, with Bitcoin slipping below $108,000. As is often the case, memecoins … Read more
Polymarket has officially closed one of this year’s most contentious markets. The platform ran a prediction market asking whether MicroStrategy would sell any Bitcoin in May, and it resolved to “No,” indicating that, by Polymarket’s rules, the company did not sell BTC during that month. The striking detail is that MicroStrategy did, in fact, sell … Read more
Ethereum price rose 5% to break above $2,680, ranking among the top gainers for the day. The gains followed SharpLink Gaming’s announcement that it plans to purchase $425 million worth of ETH. SharpLink is adopting ETH as its primary treasury asset. Ethereum’s price climbed more than 5% on Tuesday as the top altcoin benefited from … Read more
FTX plans to begin distributing $16 billion to creditors by March 2025. Distributions will start 60 days after the Chapter 11 plan takes effect in January. Customers must complete KYC verification and submit tax forms to receive payments. The FTX estate, now overseen by CEO and Chief Restructuring Officer John J. Ray III, has announced … Read more
Ethena recorded its largest single day of network growth in more than three months on May 12, driven by a surge in newly created wallets and a sharp rise in whale activity. At the same time, large transactions involving the ENA token reached their highest level in five weeks. Network Activity and Whale Growth Crypto … Read more
Ethereum (ETH) rose above $3,400, driven in part by Bitcoin’s gains. The Pullix presale is nearing completion, and PLX will be listed on Uniswap and BitMart. With the crypto market rallying, investors are watching Ethereum (ETH) and Pullix (PLX). The cryptocurrency market is experiencing a significant upswing, fueled by sharp gains in Ethereum (ETH) and … Read more
Bitcoin’s rally has failed to restart, and the market now appears to have stalled around $77,000. Traditional markets like the S&P 500 are continuing to reach new all-time highs while cryptocurrencies consolidate. Some altcoins are outperforming, however. Worldcoin (WLD), a project associated with OpenAI co-founder Sam Altman, jumped sharply and led the market gains with … Read more