Key takeaways: SOL price has climbed to a five-month high, driven by strong technicals and rising network activity. Solana’s cup-and-handle pattern targets a SOL price of as high as $6,300. Solana’s (SOL) price rallied 34% over the last 30 days, reaching a five-month high of $193 on Monday. SOL/USD daily chart. Source: Coitelegraph/TradingView Solana is…
Key points: Bitcoin is still failing to rechallenge recent all-time highs, leading to doubts over future BTC price strength. A deeper rebound could rescue the situation, says analysis, as altcoins steal the limelight. XRP now has a larger market cap than McDonald’s. Bitcoin (BTC) stayed locked below $120,000 at Monday’s Wall Street open as bull…
Indian cryptocurrency exchange CoinDXC announced a recovery effort after falling victim to a $44 million exploit on Friday, with the firm pledging a bounty for ethical hackers who help retrieve the stolen funds. CoinDXC’s internal accounts used for “liquidity provision” were exploited on Friday, leading to $44 million worth of cryptocurrency being stolen, while user…
Bitcoin (BTC) starts the last full week of July in “wait and see” mode as altcoins steal the spotlight. BTC price action continues to consolidate after $123,000 all-time highs, and liquidation levels are making some traders nervous. Price targets, even those held for many months, coalesce around $150,000 for the cycle top. Fed Chair Jerome…
The US Securities and Exchange Commission (SEC) is considering the creation of an innovation exemption within its regulatory framework to foster tokenization, SEC Chair Paul Atkins said during a press event on Friday, according to Bloomberg. In the Bloomberg report, Atkins said that the SEC staff was considering changes that would promote tokenization, including an…
James Wynn, a crypto trader known for his high-leverage crypto bets, has initiated two major leveraged positions, including a 25x long on Ether (ETH) and a 10x long on PEPE (PEPE). According to onchain data, Wynn’s Ether position amounts to 3,269 ETH, valued at approximately $12.12 million, with an entry price of $3,726.28. His kPEPE (the…
Key points: Bitcoin market participants expect a resistance trend line breakout, with nearby targets including $125,000. Attention continues to focus on altcoins while Bitcoin consolidates, with Ether reaching seven-month highs. Upside potential across altcoins remains, with many not yet copying Ether’s rebound, says the latest market commentary. Bitcoin (BTC) circled $118,500 into Sunday’s weekly close…
Key takeaways: The TOTAL2 market cap (excluding BTC) has hit $1.5 trillion for the first time since January. Exchanges received over $1.7 billion in stablecoin inflows this week, and analysts think the positioning is toward altcoins. TOTAL3 (excluding BTC and ETH market cap) increases remain in an early stage, with analysts eyeing a parabolic rally…
Optimistic regulatory expectations became the focal point for cryptocurrency investors this week, following an event dubbed by the US government as “Crypto Week,” during which lawmakers sought to pass three key regulatory bills for the Web3 industry. Fueled by the optimistic outlook, Bitcoin (BTC) flipped Amazon’s $2.3 trillion market capitalization and soared to become the…
United States congresswoman Marjorie Taylor Greene said that the GENIUS stablecoin bill creates a “backdoor” for the government to effectively create a central bank digital currency, veiled as privately issued crypto tokens. The lawmaker said that regulated stablecoins feature “functional surveillance capabilities,” which make them indistinguishable from CBDCs. In a separate social media post, she…
