Key points: Retail investors bore the brunt of ETH’s long liquidations, but they also stepped in to buy the dip to $3,600. ETH price rebounded to its average trading range while Bitcoin continues to face heavy selling below $116,000. ETH (ETH) price continues to face selling near $4,000, to the surprise of many traders who … Read more
Technical Analysis Shows Mixed Signals ATOM drops 4.51% over 24 hours ending July 29 11:00, sliding from $4.88 to $4.66 as recovery bids fail. Cosmos ecosystem crosses 100 live chains on MapOfZones while XRP integration progresses via Cosmos SDK and IBC protocols. ShadeX debuts as Cosmos' first encrypted money market, delivering institutional-grade privacy through CosmosSDK … Read more
Polkadot's DOT dropped more than 3% in the last 24-hours, sliding from $4.09 to $3.96, according to CoinDesk Research's technical analysis model. Support has formed around $3.91-$3.93 levels with notable volume spikes during overnight trading sessions, according to the model. Volume analysis points to exhausted selling near current support zones. The Tie presented a webinar … Read more
Polkadot's DOT encountered ongoing bearish momentum despite several recovery attempts, fluctuating between $3.87-$4.11 throughout the 24-hour timeframe, according to CoinDesk Research's technical analysis model. The model showed that substantial institutional purchasing activity developed at critical support zones around $3.87-$3.93, notably during elevated volume sessions at 03:00 and 14:00 hours. Significant support has developed in the … Read more
Sam Bankman-Fried’s lawyer urged a judge on Tuesday to impose a lenient sentence for the FTX founder’s conviction for stealing $8 billion (roughly Rs. 6,63,30 crore) from customers of the now-bankrupt cryptocurrency exchange, arguing clients would get most of their funds back. In a sentencing submission, Bankman-Fried’s lawyer Marc Mukasey told U.S. District Judge Lewis … Read more
From Intel to Samsung, global chipmakers are celebrating the beginning of the end of a semiconductor supply glut, but the outlook for demand from customers outside the artificial intelligence (AI) industry remains gloomy. All the major markets for chips — smartphones, PCs and data centres — have shrunk this year, as both corporate customers and … Read more
Bitcoin on Monday, May 20 showed up on the profit-making side of the crypto market reflecting an increase of 1.11 percent. While this profit seems small for now, BTC did manage to rise in value on both, national as well as international exchanges over the weekend. In India, BTC is trading around the price point … Read more
Bitcoin saw a strong recovery on Monday, after the currency hit a slump in market momentum last week owing to macro-economic conditions that imposed selling pressure on investors. At present, Bitcoin is trading at $62,796 (roughly Rs. 52.4 lakh) after seeing a price rise of 4.82 percent over the last 24 hours. The asset is … Read more
WazirX was recently breached, and the ensuing loss of funds from a wallet held by the crypto exchange has had a heavy impact on the crypto sector in India. The beleaguered crypto exchange says that it has attempted to identify and recover the stolen funds worth over $230 million (roughly Rs. 1,924 crore) in the … Read more
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, … Read more