The price of BNB fell from around $815.8 to $795 in a move that breached the widely watched $800 support level. At its lowest, BNB touched $780 before bouncing slightly. Trading activity during this window spiked to above 4,000 tokens per minute, according to CoinDesk Research's technical analysis model. A drop below $800 is seen … 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
What to Know DOGE traded within a narrow $0.010 range between $0.234 and $0.244 during the 24-hour session from July 27 at 03:00 to July 28 at 02:00, marking a 4.12% intraday spread. The token opened at $0.238 and closed marginally higher at $0.239 after testing both support and resistance zones multiple times throughout the … Read more
XRP posted modest gains despite intraday volatility, recovering from early lows to close near $3.22 on strong afternoon volumes. Institutional accumulation and a late-session rally hint at upside continuation. What to Know XRP advanced 1.3% during the 24-hour period ending July 27 at 20:00, trading between a low of $3.15 and a high of $3.23. … Read more
Futures tied to Volmex's bitcoin (BTC) and ether (ETH) implied volatility indices, BVIV and EVIV, have registered a cumulative trading volume of over $10 million since their debut on decentralized leveraged trading platform gTrade. The quick rise to over $10 million shows that traders are increasingly engaging with sophisticated derivatives linked to volatility for risk … Read more
PEPE fell more than 5% in the last 24-hour period, dropping from a session high near $0.000014167 to a low of $0.000012915, before seeing a slight recovering. Trading volume reached 13.02 trillion tokens an hour during the sell-off, more than four times the session average of 3.2 trillion, according to CoinDesk Research's technical analysis data … Read more
Demand for trading stocks on-chain is real. Switzerland-based Backed Finance's tokenized U.S. equities product, xStocks, has seen a cumulative trading volume of over $300 million less than a month since going live on Bybit, Kraken, and Solana decentralized finance (DeFi) platforms. xStocks are 24/7 onchain tokens representing shares in publicly traded U.S. firms. Each token … Read more
Dogecoin rallied sharply in the face of global macro uncertainty, climbing 5% during the 24-hour session ending July 23 at 05:00 GMT. The move came as heightened geopolitical tensions fueled risk volatility, yet DOGE displayed resilience with strong intraday recoveries and volume-backed support retests that attracted renewed interest from tactical traders. What to Know • … Read more
US-listed bitcoin exchange-traded funds (ETFs) saw $4.6 billion worth of shares trade hands as of Thursday afternoon, according to LSEG data, as investors jumped into the landmark products approved by the US securities regulator on Wednesday. The products mark a watershed moment for the cryptocurrency industry that will test whether digital assets – still viewed … Read more
The NFT sector is seemingly making a mark in the Web3 arena again after it underwent a bit of a downturn last year. The Bitcoin NFTs on the Magic Eden marketplace have reportedly managed to reel in $100 million (roughly Rs. 829 crore) in monthly trading volume in February. Findings from fresh analysis have disclosed … Read more