Markets

AVAX impressed with its rally this year and seems unstoppable. Key Support levels: $31 Key Resistance levels: $41, $55 1. Price at a Critical Junction AVAX recovered in full Monday’s crash when most of the market ended up in red. Since then, bulls took the price higher and is now found under the key resistance at $41. This spectacular performance made AVAX increase by 50% compared to seven days ago. Chart by TradingView2. Momentum is Bullish It seems unlikely that this rally...

To uphold the token’s value, stablecoin issuers often reserve cash or liquid assets. Amid rising interest rates, DWS is poised to manage the reserves for the new stablecoin. Deutsche Bank’s DWS Group, along with Dutch market maker Flow Traders Ltd. and crypto fund manager Galaxy Digital Holdings Ltd, is set to establish a new entity named AllUnity. The primary objective of AllUnity is also to issue a euro-denominated stablecoin, aiming to foster wider acceptance of tokenized assets in...

Reacting to Coinbase’s announcement, BONK quickly took to its heels, gaining nearly 8% in value to reach $0.00001132. Solana-based memecoin Bonk (BONK) is set to be listed on Coinbase, a major US-based cryptocurrency exchange. This was revealed in an announcement by the exchange on Wednesday as it unveiled its listing roadmap via a blog post. According to Coinbase’s statement, it will henceforth use blogposts such as the latest one, to announce every asset listing decision. This is aimed...

VanEck analysts correlate Trump’s predicted victory with a global backlash against what they term an “anti-growth agenda”. In a recent report, analysts at investment firm VanEck, Matthew Sigel and Patrick Bush, predicted that former US President Donald Trump’s likely return to the White House will spark a Bitcoin (BTC) rally, boosting its price to $100,000 by December 2024 atop a market capitalization of roughly $2 trillion. The analysts’ prediction comes on the heels of the recent...

Solana price started a downside correction from the $77.50 zone against the US Dollar. The price is now trading below $70.00 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $66.25 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $66.00 and $62.00 support levels to start another increase. Solana price is trading above $62 against the US Dollar, like Bitcoin. SOL...

Bitcoin price started a downside correction from the $45,000 zone against the US Dollar. The price is now trading below $43,000 and the 55 simple moving average (4 hours). There was a break below a major bullish trend line with support near $43,500 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $40,450 support zone. Bitcoin price is correcting lower below $43,000 against the US Dollar....

Coinbase has announced the listing of SEAM, the governance token of Seamless Protocol, a decentralized lending and borrowing platform on Base layer 2 blockchain. This listing marks a significant milestone as SEAM becomes the first Base Layer 2 token featured on Coinbase. SEAM Token Lists on Coinbase In conjunction with the Coinbase listing, Seamless Protocol has unveiled plans for an airdrop of 400,000 SEAM tokens. Eligible recipients can expect to receive their SEAM tokens...

Bitcoin (BTC)’s appeal among investors is rising as both a store of value and a hedge against “the world going to hell,” according to Circle CEO Jeremy Allaire. During an interview with CNBC on Tuesday, the crypto exec outlined three catalysts that he believes are behind crypto’s latest rally – all of which are irrespective of macroeconomic factors. Building During The Bear According to Allaire, part of the rebound was already being staged during the depths of the bear market...

TL;DR Solana’s Price Increase: SOL’s price surged to nearly $75 recently, a peak last seen in May 2022, and currently stands at about $71. NFT Sales Volume Growth: Solana briefly outperformed Ethereum in NFT sales volume growth, with a significant 53% weekly increase. Bonk Inu’s Exceptional Performance: The Solana-based memecoin, Bonk Inu, saw a 400% rise in its price, outstripping other popular memecoins. SOL Performing Better Than ETH in This Aspect The sixth largest...

Major crypto exchange KuCoin has reportedly settled with New York authorities to stop offering its services in the local market, along with a payment of $22 million. The settlement deal comes months after the New York Attorney General (NYAG) sued KuCoin for selling unregistered securities to users in the state. KuCoin Leaves New York According to a report by Reuters, the $22 million payment comprises $5.3 million to the state of New York and $16.7 million worth of crypto...