Day: February 18, 2025

Solana Risks Further Drop – Is The SOL ‘Memecoin Fiesta’ Over?

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Este artículo también está disponible en español. Solana (SOL) recently lost its key support zone amid the controversial Libra (LIBRA) token launch and crash. The cryptocurrency has dropped over 12% in the last three days and some analysts suggest it risks a deeper correction to monthly lows. Related Reading LIBRA Token Crashes Solana’s Party The Solana network has been the talk of the town this cycle due to the memecoin frenzy, as it has been the go-to chain for these projects. The cryptocurrency has also been one of the leading…

Best Crypto with Self-Governance as Deutsche Börse CEO Calls for Financial Reforms in the EU

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Stephan Leithner, the CEO of Deutsche Börse, a German securities marketplace, is calling for financial reforms in the EU and for the establishment of a CBDC (Central Bank Digital Currency) or digital euro. In light of this, we’ve unpacked the best cryptocurrency with self-governance features that, unlike a CBDC, make the most of the power of decentralization. On February 15, Leithner published a policy paper outlining a 10-step strategy aimed at transforming the EU’s Capital Markets Union (CMU) into a Savings and Investments Union (SIU) with a CBDC as its…

Bitcoin ETFs bleed out $585m in weekly exodus, ending 6-week inflow streak

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Spot Bitcoin exchange-traded funds in the United States flipped to net weekly outflows over the past week, ending their six-week inflow streak that brought in over $5 billion. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $585.65 million in net weekly outflows for the week ending Feb. 14, breaking a six-week inflow streak that brought in over $5 billion. Notably, the week began with $186.28 million in outflows on Feb. 10, which continued with $56.76 million, $251.03 million, and $157.78 million over the next three trading days.…

Solana (SOL) Dips Into the Red – Healthy Correction or Trend Reversal?

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Solana started a fresh decline from the $200 zone. SOL price is down over 10% and might even struggle to stay above the $175 support zone. SOL price started a fresh decline below the $200 and $185 levels against the US Dollar. The price is now trading below $185 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $182 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear…

Bitcoin Presents A ‘Generational Opportunity’ As Global Turmoil Intensifies, Says Bitwise Executive

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Este artículo también está disponible en español. In a post on X published yesterday, Jeff Park, Head of Alpha Strategies at Bitwise, stated that Bitcoin (BTC) currently presents a “generational opportunity” amid intensifying global macroeconomic turmoil.  Park pointed to factors such as US President Donald Trump’s proposed trade tariffs, concerns over the US debt ceiling, and the growing sentiment of deglobalization as key contributors to the current economic uncertainty. Bitcoin Reigns Supreme Amid Global Political And Economic Turmoil The year 2025 has started on an unstable footing, marked by rising…

XRP Price Pulls Back From Highs—Are Bulls Still in Control?

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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…

Ethereum Price Defies The Trend—Beating Bitcoin in Recent Gains

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Este artículo también está disponible en español. Ethereum price is showing positive signs above the $2,650 zone. ETH is outshining Bitcoin and might start another increase in the near term. Ethereum is holding gains and aiming for more gains. The price is trading above $2,650 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,700 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,750 and $2,780. Ethereum Price…

Key Metrics Indicate Toncoin Accumulation Continues Despite Price Struggle

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After a steady decline, Toncoin (TON) has seen a slight price increase over the past day, rising by 1.7% to $3.85. This movement comes amidst ongoing discussions about its longer-term performance and accumulation trends. According to an analysis by CryptoQuant analyst Shiven Moodley, there are indications that TON holders are positioning for a potential rebound. Moodley’s observations, which are detailed in a recent post on CryptoQuant’s QuickTake platform, suggest that the asset may be entering an accumulation phase despite its recent downward trajectory. Toncoin Shows Signs of Accumulation Moodley points…

Bitcoin Price Pulls Back to Support—Breakdown or Bounce Ahead?

Bitcoin price started another decline below the $96,800 zone. BTC is retesting the $95,500 support zone and might struggle to recover losses. Bitcoin started a fresh decline from the $98,000 zone. The price is trading below $96,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $96,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $95,000 zone. Bitcoin Price Dips To Support Bitcoin price failed to…

Bitcoin Finally Independent? BTC-S&P 500 Correlation Hits Zero

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Data shows the Correlation between Bitcoin and S&P 500 has declined to zero recently, a sign that BTC is no longer attached to the stock market. Bitcoin Correlation To S&P 500 Has Witnessed A Plunge Recently In a new post on X, the market intelligence platform IntoTheBlock has discussed about the trend in the Correlation between Bitcoin and S&P 500. The “Correlation” here refers to an indicator that keeps track of how tied together the prices of any two given assets are. When the value of this metric is positive,…