Category: Analysis

Metaplanet Buys 775 BTC as Bitcoin Retests $115K

Key Notes Metaplanet has announced the purchase of $93 million worth of Bitcoin. The firm now holds 18,888 BTC, worth nearly $2 billion. BTC price trajectory signals potential deeper correction after wedge breakdown. Metaplanet, often dubbed “Asia’s MicroStrategy,” has added another 775 BTC into its treasury at an average price of $120,000. Not long after this $93 million acquisition, the largest cryptocurrency slipped to the $115,000 level. As of writing, Metaplanet holds 18,888 BTC at a cumulative value of $1.94 billion, with an average acquisition price of $102,653 per coin.…

Why Is Crypto Down Today? Top 3 Bearish Drivers

Key Notes Bitcoin, Ethereum, and many altcoins are seeing sharp declines. The global crypto market cap dropped by almost 3%, wiping roughly $140 billion off the market. An overbought market, macro events, and a sudden inflow of liquidity into speculative assets are driving the selling pressure. The hopes of Bitcoin (BTC) hitting $130,000 and Ethereum (ETH) breaking its 2021 peak are under pressure with the bearish momentum from multiple catalysts. BTC reached an all-time high of $124,457 on Aug. 14 as the crypto market cap reached $4.2 trillion. The leading…

Dogecoin Faces 51% Attack Threat, Price Under Pressure

Key Notes The community selected Dogecoin as its next target through a public vote while framing the attacks as “stress tests” of its useful proof-of-work model. The Monero incident caused Kraken to halt deposits and reignited concerns over the security of proof-of-work systems. Amid Grayscale filing for a spot Dogecoin ETF, analysts predict a 170% breakout in Dogecoin price to $0.6533. Following the 51% attack on privacy blockchain Monero last week, the latest chatter is that the Qubic community is now targeting Dogecoin. Sergey Ivancheglo, the project’s founder, announced the…

Bitcoin Price Extends Losses, Can Buyers Prevent a Major Breakdown?

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Bitcoin price is trimming gains and trading below $120,000. BTC is now showing some bearish signs and might decline below $115,500 zone. Bitcoin started a downside correction below the $120,000 zone. The price is trading below $118,000 and the 100 hourly Simple moving average. There was a break below a key declining channel with support at $116,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $118,500 resistance zone. Bitcoin Price Dips Further Bitcoin price traded to…

Dogecoin Price Forecast: DOGE Open Interest Nears $4B After Grayscale’s Latest ETF Update

Key Notes Grayscale files S-1 for spot Dogecoin ETF, expanding institutional push into meme coins. DOGE open interest rises 7.3% to $3.7B despite 42% trading volume decline. Price holds near $0.23, rangebound after testing $0.24 resistance on Sunday. Dogecoin (DOGE) extended its recent winning streak into Sunday, August 17, touching $0.24 in intraday trade and on course for its third consecutive day in profit. Dogecoin’s ongoing price rally has coincided with Grayscale’s filing of an S-1 registration with the U.S. Securities and Exchange Commission (SEC) to launch a spot Dogecoin…

Chainlink Price Analysis: Ethereum Whale Swaps 4,806 ETH as LINK Nears 2025 Peak

Key Notes Chainlink price surged 14.7% to $26 on Sunday, marking its highest level since February 2024. An Ethereum whale converted 4,806 ETH worth $21.25 million into 938,489 LINK, signaling strong expectations of further upside. Chainlink price is now up 73% from its monthly low of $15 recorded on Aug 3, boosted by institutional adoption after a partnership with ICE to deliver real-world forex and metals data on-chain. Chainlink (LINK) led the weekend’s mega-gainers, rising 14.7% on Sunday to reach the $26 mark for the first time since February. The…

Monero (XMR) Emerges Top Gainer as Miners Reverse Qubic’s 51% Attack and Kraken Restriction

Key Notes Monero (XMR) price gained 7% on Sunday, Aug 17, rebounding above $260 after Qubic’s failed 51% attack. Kraken’s suspension of XMR deposits triggered a panic-driven 19% sell-off earlier in the week, but the network remained operational and secure. Community response over the weekend has strengthened Monero’s decentralization, improving hashrate distribution. Behind Chainlink’s (LINK) 14% weekend rally, Monero emerged as the second-best performer among the top 30 ranked cryptocurrencies, gaining 7% intraday on Sunday, Aug 17, to cross the $260 mark. This recovery follows a major network controversy, which…

The 4 Crypto Market Movers Everyone’s Watching This Week

Key Notes The week will start with the Trump-Zelenskyy meeting. The FOMC Minutes and Powell’s speech are key economic events to move the crypto market. More unemployment claims are expected to be reported, which might trigger a short-term selloff. The crypto market remained strong last week with Bitcoin (BTC) hitting a new all-time high and Ethereum (ETH) getting very close to its 2021 peak. Bitcoin reached an ATH of $124,457 on Aug. 14. Ethereum touched the $4,788 zone. However, financial markets, including crypto assets, are likely to enter a highly…

Ripple (XRP) Price Analysis: Golden Cross Intact as SEC Confirms Joint Appeal

Key Notes Ripple (XRP) price rebounded 2% on Saturday, Aug 16, holding firm above the $3 support despite broader market weakness. SEC and Ripple jointly moved to dismiss appeals in their $125 million case, awaiting final approval from the Court of Appeals. The resolution will enforce Ripple’s penalty but uphold Judge Torres’ ruling that XRP is not a security in secondary trading. XRP Price Holds $3 as Ripple–SEC Case Nears Final Resolution Ripple (XRP) price climbed 2% on Saturday, August 16, stabilizing above the $3 support despite a sharp decline…

Tom Lee’s BitMine Buys The Dip To Boost Ethereum Holdings To 1,297,093

Key Notes Tom Lee’s BitMine Immersion Technology has decided to buy the dip, adding 109,485 ETH to its holdings. It now holds a total of 1,297,093 ETH, valued at approximately $5.68 billion. BitMine increased its equity program from $5 billion to $24.5 billion, all for the purchase of more Ethereum. While other investors are mourning the drop of Ethereum (ETH), Tom Lee’s BitMine Immersion Technology has decided to buy the dip instead. Blockchain analytics platform Lookonchain reported that the company has recently acquired an additional 106,485 ETH. This buy-up further…