Day: March 5, 2025

SUI Bearish Shift? Weekly RSI Drops Below 50%, Raising Alarm

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SUI, one of the most closely watched cryptocurrencies, is flashing warning signs as its weekly Relative Strength Index (RSI) dips below the critical 50% threshold, bringing the cryptocurrency to the $2.36 significant support level.  This key technical indicator, often used to gauge market momentum, suggests a potential shift in sentiment from bullish to bearish. With the RSI now signaling weakening buying pressure, investors are left wondering: Is this the beginning of a prolonged downturn for SUI?  SUI’s Weekly RSI Breakdown: A Sign Of Weakening Momentum SUI’s recent drop in its…

Solana sees $485M outflows in February as crypto capital flees to ‘safety’

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Solana saw nearly half a billion dollars in outflows last month as investors shifted to what were perceived to be safer digital assets, reflecting growing uncertainty in the cryptocurrency market. Solana (SOL) was hit by over $485 million worth of outflows over the past 30 days, with investor capital mainly flowing to Ethereum, Arbitrum and the BNB Chain. The capital exodus came amid a wider flight to “safety” among crypto market participants, according to a Binance Research report shared with Cointelegraph. Solana outflows. Source: deBridge, Binance Research “Overall, there is…

Ripple ‘should act in its own interest’ when selling XRP — Ripple CTO

Ripple Labs is free to sell XRP tokens to raise operational capital, according to comments from the company’s chief technology officer. His remarks have sparked concerns among cryptocurrency investors. “XRP isn’t a security because Ripple doesn’t actually owe you ‘utility’ or anything else,” Pierre Rochard, vice president of research at Riot Platforms, wrote in a March 5 X post. “They are free to dump on you and you have no right to do anything about it other than join them in dumping XRP,” Rochard said, cautioning that investors are “not…

Bitcoin breaks through the $90k threshold, will it last?

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Bitcoin has surpassed $90,000, bouncing back from its dip below $83,000 after the crypto market crashed due to Trump’s tariff announcement. According to data from crypto.news, BTC (BTC) briefly surged to a peak price of $90,364 on March 5 at around 10:40 UTC. The largest cryptocurrency by market cap started the day trading just barely above $80,000, now it appears to be rebounding from its previous slump. At press time, Bitcoin has gone up by 8% and is currently trading hands at $90,301. It has managed to stay above the…

Ether ETFs Break 8-Day Outflow Trend With $15 Million Inflow as Withdrawals Continue for Bitcoin ETFs

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Bitcoin ETFs experienced net outflows of $143 million, with major funds like Fidelity’s FBTC and Ark 21Shares’ ARKB leading the declines. In contrast, Ether ETFs ended an eight-day outflow streak, attracting $15 million in net inflows, primarily driven by Fidelity’s FETH. Bitcoin ETFs See Another Day of Withdrawals With Positive Rebound for Ether ETFs On […] Original

Cardano (ADA) Soars As Whale Activity Hits 3-Month High—What’s Next?

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Cardano (ADA) is presently experiencing a significant increase in popularity on cryptocurrency exchanges. Investors are closely monitoring the most recent data, which suggests a significant increase in network activity and price movement. Following the disclosure by US President Donald Trump on Tuesday that Cardano (ADA) and four other large-cap cryptocurrencies, including Bitcoin, will serve as the foundation of the US Strategic Crypto Reserve, Cardano has been among the talk of the town. Whales Show Appetite With Large Transactions There has been a cascading effect throughout the Cardano ecosystem as a…

BTC Could Test $95K Again With ‘Long Wicks’ at 200-Day Average Support

Technical charts, particularly the shape of candlesticks, often reflect the psychology behind the market, highlighting trader sentiment and behavior. Since Friday, at least two bitcoin (BTC) candles have indicated bullish undercurrents at multi-month lows, providing a glimmer of hope for crypto bulls. The chart below shows that BTC’s price decline has stalled at the 200-day simple moving average support level since last Wednesday. Daily candles for Tuesday and Friday are of particular interest, as both have small bodies with long lower wicks, hinting at bear failures below the 200-day SMA.…

Bybit asks DAO to return fees earned from hack transactions

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Bybit onfirmed it was behind a proposal requesting that decentralized finance (DeFi) protocol ParaSwap return fees earned from swaps conducted by the Lazarus Group using digital assets stolen from the exchange. On March 4, a proposal was posted on ParaSwap’s decentralized autonomous organization (DAO) forum asking to freeze and return 44.67 Wrapped Ether (wETH), worth almost $100,000, to a wallet address.  The proposal initially attracted skepticism, with several DAO members calling for verification before advancing the proposal. Bybit shared a verification post on its official X account on March 5,…

Crypto Markets Are Misreading Trump’s Strategic Reserve: Bitwise

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Este artículo también está disponible en español. The crypto markets have whipsawed following President Donald Trump’s unexpected announcement of a strategic crypto reserve over the weekend. Bitwise Asset Management’s Chief Investment Officer (CIO), Matt Hougan, contends that traders are overreacting to the proposed plan’s details and missing what could be a bullish development for digital assets. Late Sunday, President Trump revealed a United States government initiative to acquire and hold five different cryptocurrencies—Bitcoin, Ethereum, Solana, XRP, and Cardano—in a strategic reserve. Initially, the market response was emphatically positive: Bitcoin’s price…

Animoca Brands revenue climbs as AI cuts costs by 12%

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Animoca Brands reported $314 million in bookings for 2024, marking a 12% year-over-year increase. Bookings is a term commonly used in the gaming sector to represent the sum of revenue and deferred revenue. It includes all payments received and potential sales based on contracts not yet fulfilled.  According to Animoca Brands, its Digital Asset Advisory (DAA) business accounted for $165 million in bookings in 2024, a 116% increase over the previous year. The company’s subsidiaries and incubated projects generated $110 million in bookings, while its investment activities contributed $39 million.…