The biggest tokens traded sluggishly as traders awaited Wednesday's Federal Reserve meeting. Solana's sol (SOL) stood out with near-record open interest in the CME-listed futures. Privacy-focused monero (XMR) rose 6% over 24 hours, looking past the massive blockchain reorg that raised centralization concerns. Other gainers were IMX, up nearly 13%, AVAX, adding 6%, and HASH, … Read more
Meme-inspired cryptocurrency PEPE has lost nearly 6% of its value in the last 24-hour period, sliding to a $0.0000107 low even as large investors accumulate. Trading volumes for the cryptocurrency surged into the trillions of tokens amid the drop, as the token kept failing to find support amid the intense selling pressure. The drop came … Read more
The memecoin sector is heating up as fresh altcoin season talks are starting to grow on social media, partly driven by expectations that the Federal Reserve will this coming week cut interest rates, a boon for risk assets. Bitcoin’s market dominance has dropped 3.5% in the past month, and its underperformance relative to altcoins has … Read more
BNB swung sharply between gains and losses in a volatile 24-hour stretch. The token dropped to an $872 low earlier before rallying to $884 and then seeing a sharp reversal wipe out those gains. The initial drop took BNB from around $880.50 to a low of $871.99. From there, the token staged a comeback, peaking … Read more
Bitcoin (BTC) has bounced from early Asian-session lows near $108,760 to over $110,000, but the prospects of sustained recovery appear bleak as on-chain activity points to weak network adoption. “The price momentum is weakening with the RSI close to the oversold zone and a bearish MACD,” said Timothy Misir, head of research, BRN. “The Spot CVD … Read more
What would a market that refuses to rally sustainably on the back of positive catalysts be called? A weak one, presumably. Looking under the hood, there is more than one single catalyst that's driving this market's volatility. Bitcoin (BTC) has retraced back to roughly where it was before the Fed Chairman Jerome Powell spoke dovishly … Read more
Cryptocurrencies surged late Friday after Federal Reserve President Jerome Powell struck a dovish tone at the Jackson Hole economic symposium, defying market expectations for a more hawkish stance. That has prompted asset managers to call for new all-time highs for bitcoin BTC$115,921.44, ether (ETH) and select altcoins. What Powell said? In one of his most … Read more
Bitcoin's late Wednesday bounce to $144,700 was fleeting as a gauge of long-term market sentiment flipped bearish for the first time since June 2023. DOGE, XRP and SOL followed suit, while ether traded more resiliently. Still, the CoinDesk 20 Index was up about 0.7% on a 24-hour basis at press time while the CoinDesk 80 … Read more
The cryptocurrency market experienced broad losses Monday, while U.S. stock index futures held steady ahead of a crucial meeting between European leaders and U.S. President Donald Trump aimed at shaping the future of Ukraine. Market volatility across multiple asset classes declined sharply as investors looked forward to Federal Reserve Chairman Powell’s speech at the Jackson … Read more
Chainlink’s LINK token jumped 18% to $26.05 on Sunday, according to CoinDesk Data, pacing the top 50 cryptocurrencies by percentage gain as analysts and traders cited momentum and recent fundamental catalysts. What Analysts Are Saying Altcoin Sherpa described LINK as “one of the best coins right now,” pointing to chart strength that could carry toward … Read more