Seven altcoins that have proposed developments to reduce the supply or control emissions are down over 40% from their all-time highs. Jupiter, Fantom, Avalanche, Echelon Prime, Arweave, Near Protocol and Jito prices dropped between 40% and … [Continue reading]
Ethereum holders keep accumulating Ether ahead of ETF and new yield opportunities
Bitcoin long-term holders shed their holdings while Ethereum holders continue accumulating, per IntoTheBlock data. Ethereum holders prepare for new yield opportunities and the upcoming ETFs, likely driving the divergence between BTC and … [Continue reading]
Chainlink supply on exchanges shoots up, LINK holders realize over $150 million in profits
Chainlink on exchanges climbed to 230.43 million on Friday, up nearly 9% in a single day, per Santiment data. LINK tokens flooded exchanges as holders rushed to take profits, realize over $150 million gains. LINK whales with 10 million … [Continue reading]
BtcTurk confirms cyber attack, AVAX wipes out nearly 7% value on the day
Avalanche suffered a decline in its price, erasing 7% value on Saturday. AVAX’s social dominance hit a near three month peak, per Santiment data. An on-chain analyst identified a $54.2 million AVAX transfer to Coinbase THORChain, says … [Continue reading]
Nvidia’s big drop ushers correction in AI tokens, NVDA wipes out $220 billion in market capitalization
Nvidia wiped out $220 billion in market cap on Friday, the chipmaker dropped to third most valuable firm behind Microsoft and Apple. The correction in the tech giant’s stock was followed by AI tokens extending their losses, NEAR, FET, RNDR, GRT, TAO … [Continue reading]
Bitcoin ETFs hemorrhage over $730 million in one week, where is BTC headed?
Bitcoin ETFs noted consistent outflows throughout the week, totaling over $730 million. BTC supply on exchanges is down 27% in the past six months, despite consistent profit taking by Bitcoin holders. At the current price, nearly 82% … [Continue reading]
Solana tagged ‘Mac OS’ of blockchain by Pantera Capital amid its decline
Pantera Capital released a report addressing Solana as a major player in the future of blockchain. Waning interest in meme coins could hamper Solana's growth. Solana's price drops briefly below $130 for the first time since May. Pantera Capital … [Continue reading]
Gold price drops on firm US yields, strong USD after solid US data
Gold reverses gains after hitting daily high of $2,368, down more than 1.70%. Strong US S&P Global PMI data boosts the US Dollar, with the DXY rising 0.14% to 105.80. Mixed US economic data keeps Fed rate cut speculation alive. Gold prices … [Continue reading]
Australian Dollar closes the week with losses on weak PMIs
Australian Dollar has suffered extended declines in recent sessions as RBA gains slowly fade. PMI figures from Australia reveal weaker-than-expected data. Fragility in the Australian economy seems to be driving demand off the Aussie. In Friday's … [Continue reading]
NZD/USD Price Analysis: Bulls struggle to hold gains, Kiwi outlook turns negative
Kiwi tallies a three-day losing streak, end the week on a negative note with the pair stabilizing at 0.6115. NZD/USD outlook continues to skew bearish as bulls fail to maintain upward traction. Bucking the bearish trend, a break above 0.6150, … [Continue reading]