Day: June 24, 2024

LayerZero’s ZRO token leads market declines with 14% drop

Interoperability giant LayerZero has experienced a significant drop in the value of its native token, ZRO, which plummeted by 14%, making it the top loser in the crypto market today. At the time of writing, ZRO is trading at $2.68, representing a 13% decline over the past 24 hours, according to CoinMarketCap. During this period, the token’s trading volume fell by 41% to $146 million. ZRO 24-hour price chart | Source: CoinMarketCap Additionally, the market capitalization of LayerZero’s crypto assets dipped below $700 million, now standing at $670.8 million. LayerZero…

Toncoin On Fire: Crypto Explodes To All-Time High

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Telegram-backed Toncoin (TON) has been the talk of the crypto town lately, its price soaring to a record-breaking $8.15 before settling around $7.60. This dramatic rise, coupled with technical indicators flashing both caution and bullish signals, has investors on the edge of their seats, wondering: is this a short-lived party or the beginning of a major ascent? Related Reading Cup, Handle Hints At Takeoff, But TDS Warns Of Bumpy Ride Analysts are divided on TON’s immediate future. Crypto technician Ali Martinez throws a bucket of cold water on the recent…

Japan’s Metaplanet Wants to Buy Another $6M Bitcoin

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“Metaplanet Inc. (3350:JP) hereby announces that the Board of Directors has resolved to purchase Bitcoin worth 1 billion yen as of today’s meeting,” it said. “While our basic policy is to hold Bitcoin for the long term, if we use Bitcoin for operations or other purposes, the corresponding Bitcoin balance will be recorded as current assets on the balance sheet.” Original

Bitcoin enters the oversold zone after falling below $63k

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The Bitcoin (BTC) price has been consistently declining over the past two weeks, consequently putting the flagship cryptocurrency in the undervalued zone. BTC dipped by 3.2% in the past 24 hours and is trading at $62,300 at the time of writing. Notably, this is the first time in six weeks that the Bitcoin price plunged below the $63,000 mark. The asset’s market cap is down to $1.22 trillion, last seen on May 15. BTC price, RSI and exchange net flows – June 24 | Source: Santiment On the other hand,…

Market Reactions and Future Outlook

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

LBank Exchange Will List DED (DED) on June 24, 2024

PRESS RELEASE. Road Town, BVI, June 24, 2024 – In a significant move for cryptocurrency and mobile technology enthusiasts, LBank Exchange, a premier global digital asset trading platform, has announced the listing of DED (DED) on June 24, 2024. Users of LBank Exchange can brace themselves for the DED/USDT trading pair, which will go live […] Source CryptoX Portal

Understanding the Sustained Bearish Sentiment

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…