Tag: Market

BTC Rally Paused at 105K as Analyst Says Market Looks ‘Overheated’

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin is trading above $105K as Asia begins its business week. The world’s largest digital asset remained relatively stable over the weekend, with a 0.4% movement, and trading volume was compressed. While overall market conditions remain bullish, a new report from CryptoQuant suggests that certain metrics…

$202 Million In Long Liquidations Rock Bitcoin Market — What’s Next For BTC Price?

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Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…

Newer BTC Treasury firms untested in bear market: Max Keiser

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Bitcoin (BTC) maximalist Max Keiser recently cast doubt on the ability of newer Bitcoin treasury companies, emulating the corporate BTC reserve system popularized by Strategy co-founder Michael Saylor, to maintain financial discipline during a protracted bear market. According to the Bitcoin maximalist, Michael Saylor has weathered a previous bear market and continued to accumulate BTC with high conviction, a scenario that newer BTC treasury companies have yet to encounter. Keiser wrote in a May 30 X post: “The Strategy clones have not been tested in a bear market. Saylor never…

$250B in Sight: Stablecoin Market Nears Milestone Within Striking Distance

According to current data, the stablecoin market expanded by approximately $1.31 billion over the past week, lifting the total market capitalization of fiat-linked digital assets to $247.578 billion. This places the stablecoin sector just $2.422 billion shy of the $250 billion threshold. Stablecoin Market Closes in on $250B With Just $2.42B to Go The fiat-pegged […] Source CryptoX Portal

Grayscale Launches AI Crypto Sector—20 Tokens and $21B Market Cap

Grayscale’s launch of the Artificial Intelligence Crypto Sector signals a major shift in decentralized AI, expanding crypto’s role in cutting-edge tech. Grayscale’s $21B AI Crypto Sector is Here Crypto asset manager Grayscale announced on May 27 the launch of its new Artificial Intelligence Crypto Sector, a move that highlights the growing importance of decentralized AI […] Source CryptoX Portal

Solana Retests Critical Support Amid Market Pullback – $200 Rally In Danger?

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As the month nears its end, the crypto market turns momentarily red, with Solana (SOL) retesting a crucial support level that could determine its short-term performance. An analyst suggests that holding the current range over the weekend will be key for the long-awaited rally back to $200. Solana Hits Multi-Week Low Amid the crypto market pullback, most cryptocurrencies are recording a red Friday, with Bitcoin (BTC) and Ethereum (ETH) momentarily losing some key levels. Solana, one of the cycle’s leading Altcoins, followed the rest of the market and registered a…

Analysts predict XMR and XYZ could see 3x gains due to strong Bitcoin market correlation

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Analysts forecast XMR and XYZ could triple in value, linked to Bitcoin trends, sparking investor attention and optimism. Analysts forecast that XMR and XYZ could potentially triple in value. This prediction is based on their strong connection to Bitcoin’s current market trends. The possibility of such significant gains has captured the attention of investors and market observers. Could these cryptocurrencies be poised for remarkable growth in the near future?…

Hyperliquid Dominates DEX Market Despite $100M Loss

Key Notes Hyperliquid’s partial liquidation mechanism helps to mitigate market volatility during this high-value trade. HYPE gained 75% over the past month, with its total value locked (TVL) doubling to $1.46 billion. Coinbase announced support for Hyperliquid perpetual futures, with the HYPE-PERP market set to launch on June 5. Decentralized exchange (DEX) Hyperliquid has been in the news, as the platform’s revenue shot up significantly, overtaking the likes of Ethereum ETH $2 621 24h volatility: 3.7% Market cap: $316.37 B Vol. 24h: $23.25 B , Solana SOL $163.8 24h volatility:…

Two Ways This BTC Bull Market is Sturdier Than 2020-21 and 2017

Bitcoin has long been criticized for its high volatility, with bull runs marked by sudden, sharp pullbacks that would qualify as full-blown bear trends in stocks. However, the latest bull market, which kicked off in early 2023, feels different in a positive way, exhibiting relatively low volatility and drawdowns. Volatility in downtrend According to data tracked by Glassnode, bitcoin’s realized volatility on a three-month rolling basis has averaged less than 50% during this bull cycle, significantly lower than the 80% to 100% observed during previous bull runs. The same thing…