Altcoins fell sharply on Tuesday as investors shifted capital toward Bitcoin (BTC), Ethereum (ETH), and traditional equities. Solana (SOL) dropped 2.8% to $159.42, while Binance Coin (BNB) fell 1.4% to $582.15. The overall altcoin index slipped 4.2% in 24 hours, outpacing Bitcoin’s 1.2% and Ethereum’s 1.8% declines. Analysts said traders were positioning cautiously ahead of Wednesday’s U.S. inflation report. Investors Rotate Toward Majors and Equities Market data showed a clear “flight to safety,” with Bitcoin’s market dominance rising to nearly 60%, the highest since October. Stocks also drew investor attention, adding 0.2% on the day as funds flowed out of…
Author: Sazid Kabir
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Rapper and crypto entrepreneur Iggy Azalea is taking a new stand for fairness in celebrity-backed tokens. In a recent Forbes interview, she discussed her goal to make fan tokens more transparent and rewarding through her project $MOTHER and her new role at Thrust, a Solana-based crypto launch platform. Azalea retired from music earlier this year to focus on blockchain ventures. Her $MOTHER token, launched in 2024, has drawn more than $25 million in investments. She now serves as creative director at Thrust, a platform designed to prevent scams and insider manipulation by offering “no team allocation” and “fan-first” token launches.…
Ethereum (ETH) and XRP dropped on Tuesday, following Bitcoin’s decline as investor excitement over new crypto ETFs cooled. Ethereum fell 2.3% to $3,450, while XRP slid 5.1% to $2.41. Both coins mirrored Bitcoin’s drop to $103,177, extending the market’s pullback after a brief ETF-driven rally. Profit-Taking and Technical Weakness Traders sold off after last week’s sharp gains. Ethereum fell below the key $3,500 level, while XRP dropped back from its recent high of $2.58. Analysts said the declines were mainly due to profit-taking and technical corrections. XRP’s trading volume jumped 46% as sellers dominated, while Ethereum saw a similar rise…
Bitcoin dropped below $103,000 on Tuesday as investors took profits after a short rally. The cryptocurrency briefly rose above $107,000 on Monday following optimism about the U.S. government reopening and President Donald Trump’s “tariff dividend” proposal. It later fell 2.6% to close at $103,177. Profit-Taking Ends Short Rally Traders sold Bitcoin after recent gains, leading to higher trading volumes and a drop in prices. The sell-off came just a day after Congress passed a bipartisan funding bill to end the month-long U.S. government shutdown. While the news initially boosted market confidence, the momentum quickly faded. Bitcoin tested support near $102,700…
Coinbase Global has abandoned its plan to acquire BVNK, a London-based fintech that builds infrastructure for stablecoin payments and transfers. The deal, valued at around $2 billion, would have been one of the largest acquisitions in the stablecoin sector to date. In a statement, a Coinbase spokesperson said the decision was mutual: “We’re continuously seeking opportunities to expand on our mission and product offerings. After discussing a potential acquisition of BVNK, both parties mutually agreed to not move forward.” The companies had entered exclusive talks in October, preventing BVNK from engaging with other potential buyers. Negotiations had reportedly reached an…
Commerzbank expects gold prices to climb sharply next year, forecasting the metal to reach $4,200 per ounce amid persistent inflation risks and rising geopolitical tensions. The German lender’s bullish forecast, shared via PANews, highlights renewed demand for safe-haven assets as central banks diversify away from major currencies. Gold is currently trading near $2,650 per ounce, up about 28% year-to-date. If Commerzbank’s projection holds, it would mark the strongest annual gain since 2020. The bank also sees upside in other precious metals, supported by both industrial use and investment flows: MetalCurrent Price (USD/oz)12-Month Target (USD/oz)Upside PotentialGold~$2,650$4,200+58%Silver~$31$50+61%Platinum~$1,050$1,700+62%Palladium~$1,100$1,400+27% Commerzbank analysts linked silver’s rally…
Glassnode’s Investor Confidence Index has entered the “red signal” zone for the first time in seven months, marking a decline in overall crypto market sentiment after months of optimism. The drop, highlighted by on-chain analyst Murphy, indicates growing caution among investors as the market consolidates. Murphy noted that in the past two years, the index has entered the red zone three times, each preceding a 1- to 2.5-month period of market weakness before a bullish recovery followed. Since August 29, the index had stayed in the yellow “hesitation” zone after exiting the green “optimistic” zone, representing the longest neutral stretch…
XRP extended its retreat on Tuesday, falling 3.44% over the past 24 hours to around $2.35 USD, erasing part of its recent 8% weekly gain as post-ETF profit-taking meets broader market caution. The excitement surrounding the Canary XRP ETF, which debuted on Nasdaq last week, has cooled sharply. The fund attracted $138 million in inflows during its launch phase, expanding institutional access to Ripple’s token after a 320% yearly rally. However, recent spot market outflows totaling $68 million suggest traders are locking in profits—mirroring early volatility seen during Bitcoin and Ethereum ETF rollouts. Technical Breakdown XRP’s drop below the $2.41…
Nvidia shares slipped 1% in pre-market trading on Monday after reports confirmed that SoftBank Group sold its entire stake in the AI chipmaker, collecting about $5.8 billion from the sale. The Japanese conglomerate’s move comes amid surging demand for Nvidia’s graphics processing units (GPUs), which dominate the artificial intelligence sector. SoftBank described the sale as a portfolio rebalancing decision, though it did not provide further details. The stake exit unsettled investors, raising questions about valuation pressures as Nvidia’s market capitalization surpasses $3 trillion. The stock has soared over 150% year-to-date, supported by strong AI-driven revenue growth. The news also weighed…
The cryptocurrency market is showing signs of stabilization following a volatile October, with major trading firm Wintermute describing the landscape as “more balanced” amid improving sentiment and selective optimism. Volatility has eased across most digital assets, ending last month’s sharp sell-off and prompting cautious re-entry into sectors such as DePIN (Decentralized Physical Infrastructure Networks), Layer 2 scaling solutions, and AI-focused tokens. However, analysts warn that market breadth remains narrow, limiting widespread momentum. “The market feels more balanced,” Wintermute said, noting a shift from fear-driven exits to measured risk-taking. At roughly $105,000, Bitcoin continues to anchor sentiment—still 16% below its recent…