Category: CryptoX News

Ethereum Reclaims Realized Price – Bulls Face Strong Resistance At $2,300

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum (ETH) is once again trading above the $2,000 mark after several days of struggle, offering a glimmer of hope for investors looking for a recovery. The second-largest cryptocurrency…

Would GameStop buying Bitcoin help BTC price hit $200K?

Despite strong institutional demand, Bitcoin (BTC) has struggled to reclaim the $100,000 level for the past 50 days, leading investors to question the reasons behind the bearishness despite a seemingly positive environment.  This price weakness is particularly intriguing given the US Strategic Bitcoin Reserve executive order issued by President Donald Trump on March 6, which allows BTC acquisitions as long as they follow “budget-neutral” strategies. Bitcoin fails to keep up with gold’s returns despite positive news flow On March 26, GameStop Corporation (GME), the North American video game and consumer…

Why is Bitcoin Declining Today?

Bitcoin’s (BTC) rise following GameStop’s Tuesday bitcoin treasury strategy announcement halted just shy of the $89,000 level and things are now headed decidedly lower during U.S. trading hours Wednesday. Just after the noon hour on the east coast, bitcoin has pulled back about 3% from overnight highs to $86,500. The broad-market crypto benchmark CryptoX 20 Index was 1.9% lower through the past 24 hours, with ether (ETH), solana (SOL) and AAVE declining around 3%-4% during the same period. The price action happened with U.S. risk assets showing weakness. The S&P500…

LatAm Exchange TruBit Taps Crypto Lending Platform Morpho for DeFi Earn Offering

TruBit, a Latin America-based cryptocurrency exchange with regulatory licenses in Mexico and Argentina, is offering users in the region a decentralized finance (DeFi) yield product powered by crypto lender Morpho. Catering to a growing demand for crypto-backed lending, this move by retail exchanges is all about creating an easy way for users to interact with decentralized, automated lending and borrowing, a so-called “DeFi mullet” (fintech on the front end, DeFi at the back). Morpho’s TruBit partnership follows the DeFi lending protocol’s announcement earlier this year with Coinbase, to offer bitcoin-backed…

Cardano (ADA) Price Eyes $2 Breakout as Key Metrics Show Bulls in Charge

Key Notes Cardano traders are in action with a massive 6% in the past week. Despite volatility, ADA proponents are confident a $2 price breakout is likely. Cardano’s growth hinges on the Bitcoin recovery as showcased by its growth above $88,000 . Cardano ADA$0.7624h volatility:1.4%Market cap:$27.46 BVol. 24h:$900.22 Mis in the spotlight again as its price is gaining momentum, fueling a potential breakout projection for the coin. Cardano has seen its trading volume increase, more fund inflows, and a growing futures market, setting it up for a possible push to the…

Bitcoin Market Could Heat Up as Prices Approach $90K

As bitcoin’s (BTC) recovery rally continues, $90,000 is now the key level where things could get interesting. The projection is based mainly on the current positioning of options market makers. Market makers, also known as dealers or MMs, are responsible for providing liquidity to the order book. They occupy the opposite side of investors’ trades and work to maintain a market-neutral exposure by hedging in spot and futures markets. They make money off the difference between what they pay for an asset and how much they sell it for, known…

New Meme Coins Emerge and Lightchain AI Paves the Way

This content is provided by a sponsor. PRESS RELEASE. The cryptocurrency space is constantly evolving, and the latest buzz is all about meme coins making waves on networks like Solana. Among the noise, Lightchain AI (LCAI) is showing significant promise, positioning itself as a major player in this dynamic market. With its presale nearing completion, […] Source CryptoX Portal

Celo Finally Becomes Ethereum L2 After Two Years of Hustling

Key Notes Celo has become a layer-2 network on the Ethereum blockchain. The migration comes nearly two years after the initial proposal. Celo’s native token gains bullish momentum . Celo, which was first launched as a proof-of-stake layer-1 blockchain in April 2020, has officially become an Ethereum layer-2 network after its long-awaited hard fork.  🏡 @Ethereum, we’re home! Following a successful “hard hard fork” led by core contributors at @cLabs & L1 validators, Celo is officially an Ethereum Layer 2 🪨 🪨 🍴 What does that mean for the diverse, global…

Crusoe Energy sells Bitcoin mining arm to NYDIG, turns focus to AI

United States-based Bitcoin miner Crusoe Energy is wrapping up its Bitcoin mining business as it plans to shift focus towards the artificial intelligence sector. According to a recent press release, Crusoe will sell 425 of its modular data centers— spanning sites across Colorado, North Dakota, Montana, Wyoming, New Mexico, Utah, Texas, and Argentina — with a combined 270 megawatts of power generation capacity, to the New York Digital Investment Group. The deal also includes its Digital Flare Mitigation business, and around 135 employees will transition to NYDIG. “Our innovative approach…