Markets

As the meme coin market sees red, the SpongeBob-themed token Sponge (SPONGE) has swum against the tide with a 9% rise since Thursday. This upward momentum comes as the project prepares to launch Sponge V2 (SPONGEV2), its next evolution, which aims to expand its current functionality and use cases. SPONGE Token Pumps Ahead of V2 Release While the broader crypto market struggles, SPONGE continues to gain ground. SPONGE has soared to $0.00057 in the past few days despite top...

Ethereum’s price has been dropping over the last couple of weeks following a decisive rejection from a significant resistance level. Yet, there are several support levels nearby. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been forming a large ascending channel over the last year. It has recently tested the higher boundary of the channel, which coincided with the $2,750 resistance level and failed to break above. The resulting rejection...

CoinspeakerFinnish Authorities Connect Monero (XMR) Transactions to Vastaamo Data Breach Although the Finnish authorities did not reveal the method used in analyzing Monero, Julius Aleksanteri Kivimäki has been confirmed as the key figure behind the Vastaamo data breach. Finnish Authorities Connect Monero (XMR) Transactions to Vastaamo Data Breach

CoinspeakerCoinbase Crypto Advocacy Group: 18 US Senators Openly Support Crypto Cryptocurrency has been a major point of discussion in politics lately, with experts stating that the crypto community stands to play a significant role in elections. Coinbase Crypto Advocacy Group: 18 US Senators Openly Support Crypto

Stellar lumen price is moving lower from the $0.1165 resistance zone against the US Dollar. XLM price is now trading below $0.1150 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.1152 on the 4-hour chart (data feed via Kraken). The pair could extend its decline below the $0.1120 support zone in the near term. Stellar lumen price is trading below $0.1160 against the US Dollar, like Bitcoin. XLM price...

XRP price started a fresh decline from the $0.5550 resistance against the US dollar. The price is now trading below $0.540 and the 55 simple moving average (4 hours). There is a key bearish trend forming with resistance near $0.5300 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it breaks the $0.510 support zone. XRP price is struggling below $0.555 against the US Dollar, unlike Bitcoin. The price could decline...

A vast majority of European residents have expressed optimism and confidence about the future of the cryptocurrency sector. According to a Binance Survey targeting users in France, Italy, Spain, and Sweden, around 73% of respondents are positive about the future of digital assets. A Trend of Optimism The world’s largest crypto exchange surveyed 10,498 individuals from the selected countries between October 14 and November 8, 2023. The results revealed a trend of optimism,...

In short, an overbought market after months of increasing certainty about the SEC’s Bitcoin ETF approvals burst in January and allowed the price to correct some. Historical #Bitcoin prices for today, January 26th: 2024 – $41,1742023 – $23,0162022 – $36,8002021 – $32,5022020 – $8,6082019 – $3,5712018 – $11,1182017 – $9162016 – $3902015 – $2692014 – $1,0072013 – $182012 – $5.32011 – $0.40 — Historical Bitcoin Price (@HistoryBTCPrice) January 26, 2024 During this time,...

TL;DR Dogwifhat (WIF) has rapidly increased in value in the past several weeks. Its potential to reach $1 depends on numerous factors like favorable market conditions. Short-term predictions suggest a 2024 price range of $0.33 to $0.76, while long-term expectations see it possibly exceeding $2.50 by 2030. Is There a Chance? Despite emerging less than two months ago, the Solana-based meme coin dogwifhat (WIF) managed to get a significant amount of attention. Its price spiked...

According to CC15Capital, which has been trading spot ETF Bitcoin holdings, around 134,000 BTC has been bought by the nine newly launched funds since Jan. 11. Meanwhile, Bitcoin’s price is pushing above $42K. This stash is currently valued at around $5.6 billion. However, the figure does not include outflows from Grayscale. GBTC holders have been dumping shares and rebalancing their portfolios to funds that have lower fees and better yields, adding selling pressure to spot...