Tag: Market

Solana (SOL) Bounces 30% Amid Market Recovery

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Solana (SOL) is leading the crypto market recovery following the massive Monday crash. SOL registered some of the largest gains after reclaiming the $140 support zone on Tuesday morning. Its strength was highlighted by several market watchers, who shared their bullish predictions for the token. However, an analyst warned investors of a key level to watch out. Related Reading Solana Leads The Market Recovery As the crypto market recovers, Solana saw a massive 30% bounce from its lowest trading price of $110, registered on Monday. This performance crowned SOL the…

Bitcoin whales accumulate $23b in BTC amid market uncertainty

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Bitcoin whales are on a buying spree, accumulating $23 billion worth of BTC in just 30 days. Bitcoin (BTC) has experienced a notable shift in market dynamics over the past month, with whales—large-scale holders of the cryptocurrency—accumulating significant amounts of BTC. According to on-chain data, nearly 404,448 BTC, worth approximately $23 billion, have moved into “permanent holder addresses,” signaling a clear accumulation phase. This trend has been observed amid global market uncertainties and fears of further declines. Ki Young Ju, the founder and CEO of CryptoQuant, highlighted this phenomenon in…

JPMorgan Sees ‘Buy the Dip’ Opportunity After Market Selloff

Monday marked a severe downturn in financial markets, with sharp selloffs in stocks, cryptocurrencies, and precious metals. However, JPMorgan analysts see a potential “buy the dip” opportunity as the rotation out of tech stocks might be nearing its end. John Schlegel, JPMorgan’s head of positioning intelligence, indicated that their Tactical Positioning Monitor might drop further, […] Source CryptoX Portal

Aave Protocol Unfazed By Market Jitters, Surges 21%

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Crypto lending protocol Aave restarts its bullishness as the market resets. AAVE, the namesake token of the platform, surged to nearly 20% in the past 24 hours, capturing the momentum of the broader market which is still up by over 5% since yesterday.  Related Reading Aave’s recent developments also contributed to this rally. However, the broader crypto-finance market might be in disagreement with the platform’s current performance. $200 Million In Market Size Unlocked On Aave Lido Finance, a crypto staking platform, recently onboarded the platform’s Lido V3 market instance, custom-made…

ETP issuer Valour eyes African market with Bitcoin, Ethereum products

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Valour plans to bring its crypto exchange-traded products to more investors in Africa, in response to a major agreement with the Nairobi Securities Exchange. Initial support will be for crypto ETPs for Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Hedera (HBAR)., Valour noted in a press release on Aug. 6 Valour, a subsidiary of financial technology firm DeFi Technologies, revealed that these plans follow a Memorandum of Understanding with the NSE. The firm is also partnering with liquidity and capital solutions provider SovFi. Per the ETP issuer, NSE and SovFi…

Helium Stays Afloat With 20% Gains Amid Crypto Market Mayhem

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After the market’s extreme overreaction yesterday, Helium, and the entire crypto market, booms in value. According to the latest market data, HNT rocketed up by 31% in the past 24 hours representing a strong flip from bearish to bullish.  Related Reading Helium’s recent performance can be attributed to a strong investor base, built over the years by constant innovation that was only overrun by market anxiety since the market’s correction phase. Despite this, the platform has continued to innovate despite the lingering bearishness still felt today.  Helium Mobile Users Skyrocket,…

TrumpCoin crashes 90% amid market chaos

DJT plummets 90.8%, reflecting the volatile nature of meme coins in the crypto landscape. TrumpCoin (DJT), a controversial meme token, has experienced a significant price decline, dropping 90.8% in only 3 hours. At the time of writing, the token, which is not officially affiliated with Donald Trump, had a value of $0.0004581 per data from CoinGecko. At one point, the coin had gone as low as $0.0001203, marking a dramatic 95% drop. 4-hour DJT price chart, Aug. 6, 2024 | Souce: TradingView Despite this sharp decline, the trading volume surged,…

Bitcoin (BTC) Indicators That Offer Light in a Gloomy Market

“The U.S. slowdown looks clearly underway, and the Fed, behind the curve, will need to cut more aggressively than previously expected. U.S. [Treasury] yields and the dollar are consequently repricing lower, which is hugely bullish for bitcoin. Further, with China ramping up stimulus and liquidity injections, combined with a weaker dollar, global liquidity conditions are set to accelerate,” the founders of newsletter service LondonCryptoClub said in Monday’s edition. Source