As of the time of writing, according to CoinDesk Data, BTC was trading at around $113,648, down 1.4% in the past 24 hours. ETH, XRP, SOL and DOGE posted steeper declines, with ETH down 3.7% to $3,503, XRP off 1.5% at $2.94, SOL down 2.7% at $164.13 and DOGE dropping 3.7% to $0.1993. The downturn … Read more
Crypto markets experienced a sharp bout of volatility over the past 24 hours, with more than $630 million in leveraged positions liquidated across exchanges. The bulk of the damage came from longs, which accounted for over $580 million of total liquidations, as traders were caught offside during an abrupt intraday sell-off. Bitcoin (BTC) dropped to … Read more
DoubleZero, the decentralized protocol built to accelerate blockchain performance, has unveiled a new 3 million SOL stake pool, worth about $537 million in current prices, under the ticker DZSOL. The initiative is intended to broaden access to its low‑latency fiber backbone specifically for Solana validators, which would in turn enhance network decentralization. DoubleZero’s architecture stitches together private … Read more
XRP (XRP) perpetual futures listed on the U.S.-based Kraken exchange have become more popular than their sol (SOL) counterparts for the first time. Trading volumes on Kraken-listed XRP perpetuals have topped $3.48 billion this month, outpacing the Solana token's tally of $3.23 billion, Kraken told CoinDesk. The exchange listed the XRP perpetual futures in 2022. … Read more
Altcoins slid sharply Tuesday as traders braced for a wave of economic events, including a Federal Reserve interest rate decision due Wednesday. Leading the pack are XRP, solana (SOL) and cardano (ADA) which all fell more than 3% over the past 24 hours as well as dogecoin (DOGE), avalanche (AVAX) and sui (SUI) which are … Read more
While bitcoin (BTC) slid only modestly, other major cryptocurrencies tumbled over the past few days, sparking doubt of the durability of the so-called altcoin season. XRP (XRP), dogecoin (DOGE) and Solana's SOL (SOL) declined the most among the top 10 cryptos on Friday, slipping around 5% each over the past 24 hours, CoinDesk data shows. … Read more
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3943.11, down 2.0% (-80.67) since 4 p.m. ET on Thursday. Five of 20 assets are trading higher. Leaders: BCH (+7.2%) and HBAR (+3.6%).Laggards: SOL (-4.2%) and XRP (-3.7%). The … Read more
Thursday's price pullback in major cryptocurrencies is probably the result of a long squeeze, or unwinding of leveraged bullish plays, rather than an outright bearish stance. The CoinDesk 20 Index (CD20) of the largest, most liquid tokens has lost 6.8% in the past 24 hours, with bitcoin (BTC), the leading cryptocurrency by market value, falling … Read more
SOL, Solana’s native token, hovered just below $200 early Wednesday after a surge of bullish developments — including a major corporate accumulation and bold analyst projections — renewed momentum in the sixth most valuable cryptocurrency by market capitalization. On Monday, consumer brand platform Upexi Inc. (UPXI) disclosed that it had acquired an additional 100,000 SOL, … Read more
Bitcoin, in these last two weeks, has shown an unprecedented rally in its price owing to massive inflows in BTC ETFs. Stepping into the first week of March, the rally of Bitcoin seems to be affecting all other cryptocurrencies. Bitcoin on Monday, March 4 recorded a profit of 2.27 percent. The asset is trading at … Read more