Bitcoin is trading at $118,847, with a market capitalization of $2.36 trillion and a 24-hour trading volume of $60 billion. Over the past day, its price ranged between $116,094 and $119,248, revealing a tight consolidation pattern following recent bullish activity. Bitcoin The daily bitcoin chart indicates a bullish breakout from a low of $98,240 toward […] Original
Key Notes Pudgy Penguins inked a licensing deal with China’s Suplay Inc. PENGU market cap crossed $2 billion as the price hit $0.03456. Mobile game launch and $5,000 giveaway drive community buzz. PENGU PENGU $0.0323 24h volatility: 5.1% Market cap: $2.04 B Vol. 24h: $1.86 B , the native token of the Pudgy Penguins NFT ecosystem, has surged over 12% in the last 24 hours. The token has hit a daily high of $0.03456, pushing its market cap past $2 billion. The rally follows Pudgy Penguins’ announcement of an exclusive…
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Ethereum price started a fresh increase above the $3,020 zone. ETH is now consolidating gains and might correct lower toward the $3,040 zone. Ethereum started a fresh increase above the $3,040 level. The price is trading near $3,050 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $2,990 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $3,000 zone in the near term. Ethereum Price Extends Gains…
The Senate Agriculture Committee leapt into Congress’ negotiation over crypto’s market structure legislation with a hearing on Tuesday, and its ranking Democrat, Senator Amy Klobuchar, outlined the significant changes she’d like to see before she’d embrace the effort to set up digital assets regulations. As the House potentially nears passage of its own market structure bill in the Digital Asset Markets Clarity Act (despite a procedural delay on Tuesday), Klobuchar’s committee will need to sign off on its own legislation. And any major changes she and other Democrats are willing…
Crypto analyst Scrambler has drawn attention to a bullish pattern that is forming for the Cardano price, which could lead to a massive breakout for the altcoin. The analyst noted that ADA might be repeating, with market conditions mirroring the ones that led to an all-time high (ATH). Cardano Prices Eyes 285% Rally To New Highs In a TradingView post, Scrambler predicted that the Cardano price could soon record a 285% rally to reach $2.05. He noted that the 285% potential move mirrors ADA’s past rally from similar conditions. The…
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Key Notes Analysts expect a 0.3% monthly CPI rise and 2.7% annual inflation, with core inflation climbing to 3.0%, raising concerns about Fed rate cuts anytime soon. Japan’s 30-year bond yield hit a record 3.20%, with long-term bonds losing 45% in value since 2019. Following BTC’s record high, long-term holders and dormant whales have started offloading, leading to $600 million in liquidations. The broader crypto market is seeing some volatility today ahead of the US CPI data release, while Japan’s bond market crisis flashes deeper concerns. Bitcoin BTC $116 748…
Bonk ($BONK) is on a tear, and it’s not slowing down. The token just extended its gains, building on a massive 20% rally from last week. The reason for all the excitement? Traders are pouring cash into it. The futures Open Interest (OI) for $BONK has shot up to a yearly high, showing a ton of new money is flooding the market. This kind of action is exactly what a rally needs to keep going. However, it’s not just about the trading numbers. The Solana ecosystem itself is doing great.…
This is a daily analysis of top tokens with CME futures by CryptoX analyst and Chartered Market Technician Omkar Godbole. Bitcoin: Bull Market Pullback Underway The bitcoin market rally has stalled in the past 24 hours as expected, but instead of consolidation, prices have pulled back over 5% to $116,800 from record highs in a move typical of a bull market pullback. Reports suggest that profit-taking by long-term holders is weighing on the cryptocurrency’s price. It’s common for markets to revisit breakout points, in this case, the May 22 high…