Indian Rupee edges higher on Monday on the weaker USD. The optimistic Indian economic outlook and the continuous foreign inflows boost the Indian Rupee. The US Fed interest rate decision on Wednesday will be in the spotlight. Indian … [Continue reading]
BoJ announces unscheduled bond buying operation
The Bank of Japan (BoJ) announced on Monday that it will conduct an unscheduled bond operation, offering to buy 3 trillion yen of bonds (JGBs) in an agreement starting on Tuesday and ending on Thursday. Market reaction The Japanese Yen is … [Continue reading]
Layer 1 chains with over a million daily active users likely to see gains in coming weeks
TRON, Near Protocol, BNB Chain, and Solana have over a million daily active users. The Layer 1 chains see massive usage from USD Tether and likely onboard a large volume of new users to blockchain. NEAR price is up nearly 13% in the past … [Continue reading]
Bitcoin price decline below $65,000 liquidates over $125 million in long positions in 24 hours
Bitcoin price nosedived to a low of $64,533 on Saturday, liquidating several long positions. $125 million in long positions were liquidated in the past day. BTC price made a comeback above $65,000 early on Sunday. Bitcoin, the … [Continue reading]
Arbitrum price dips post massive token unlock, mass sell-off drives ARB decline
Arbitrum token unlock was followed by an ARB price correction as airdrop receivers deposit over $16 million worth of tokens to Binance. Wallets that deposited ARB to Binance hold nearly 33 million Arbitrum tokens and further deposits and … [Continue reading]
MATIC price is at risk of further decline despite rise in active addresses
Polygon’s native token sees correction despite increase in its active addresses and network growth. MATIC price declines to $1 support amidst ongoing correction in Layer 2 tokens. The Ethereum scaling token leads the decline among tokens … [Continue reading]
Grayscale amends Spot Ethereum ETF filing, ETH trades sideways below $3,700
Grayscale filed an amendment to its Spot Ethereum ETF, a Form 19b-4. As one of the largest crypto asset managers, Grayscale says investors deserve access to Ether in the form of a Spot ETF. Ethereum price trades sideways at $3,686, taking … [Continue reading]
Solana meme coin BOME leads meme rally with 300% daily gains and nearly $1 billion market cap
Solana ecosystem’s meme coin BOME observed 292% daily gains in its price and the market cap hit $996 million. A wallet address exchanged 12,721 SOL tokens for 314 million BOME on Friday, the investment has more than doubled. Binance’s … [Continue reading]
Altcoins that show strength during Bitcoin price decline: JUP, SEI, AVAX, GALA and SUI
Bitcoin price wiped out weekly gains on Friday, the asset’s decline ushered a bloodbath in crypto. Jupiter, SEI, Avalanche, Gala and SUI prices rallied, the altcoins showed strength during a market correction. The total market capitalization of … [Continue reading]
Avalanche Foundation’s meme coin investments are underwater, AVAX price sees 36% weekly gains
Avalanche Foundation’s portfolio has five meme coins and the Avalanche-based assets are hit by a correction. Avalanche blockchain’s native token AVAX price offered 36% weekly gains. COQ, KIMBO, GEC and TECH are currently underwater. … [Continue reading]