Solana (SOL) extended its decline on Tuesday, falling more than 2% in the past 24 hours to around $152 USD, as investor appetite for altcoins cools amid a surge in Bitcoin dominance. The drop comes alongside a sharp slowdown in U.S. spot Solana ETF inflows, which fell to $6.78 million yesterday—their lowest level since launch. This marks a steep contrast to the prior 10-day streak of positive inflows totaling $342 million. Meanwhile, Bitcoin’s dominance has risen to 59.29%, up 0.07% on the day, diverting capital from top altcoins including Ethereum (-1.3%) and BNB (-1.1%). The Altcoin Season Index has slipped…
Author: Sazid Kabir
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Bitdeer Technologies (BTDR) saw its shares tumble 20% in a single session, marking the company’s steepest drop since February, after Q3 earnings revealed mounting losses and production delays. Revenue grew 173% year-over-year to $169.7 million, fueled by expanded operations and higher Bitcoin prices. Despite this growth, Bitdeer reported a net loss of $266.7 million, or $1.28 per share, far below Wall Street expectations and a sharp increase from prior quarters. Investors reacted negatively to the delayed rollout of Bitdeer’s next-gen SEAL04 ASIC chips, which are critical for mining efficiency. The situation was compounded by CEO Jihan Wu’s absence from the…
On-chain analytics firm Glassnode has identified $108,500 as Bitcoin’s next major resistance level, citing investor cost bases and historical price behavior as the cryptocurrency edges closer to new record highs. Bitcoin is currently trading near $105,073 USD, marking a 2% rise in the last 24 hours amid renewed institutional demand and growing inflows into spot Bitcoin ETFs. According to Glassnode’s latest report, the 85th percentile cost basis for long-term holders sits near $108,500, a zone that has historically acted as a psychological and technical ceiling during prior bull cycles. “Bitcoin drifts after rebound… next resistance is $108,500,” Glassnode stated, underscoring…
A British court is set to deliver its verdict in the case of Qian Zhimin, a Chinese businesswoman accused of laundering billions of dollars through Bitcoin. Prosecutors say Qian played a key role in what authorities have called China’s largest cryptocurrency money-laundering operation. She allegedly moved nearly 50 billion yuan (around $7 billion USD) in illicit funds through digital wallets and crypto exchanges before fleeing to the United Kingdom. During the trial, the 42-year-old admitted to her involvement and faces a potential 14-year prison sentence. Her defense lawyer, Richard Thomas, asked the court for leniency, citing her clean criminal record…
A well-known crypto trader known as “Maji Dage” is currently facing an unrealized loss of about $110,000 on a $2.1 million long position in Uniswap’s UNI token, according to data from Ember Monitoring. The whale bought 220,000 UNI at an average price of $9.85, but the token now trades around $9.34, down 5.2% in the last 24 hours. The trade, placed on November 8, came during a short-lived altcoin rally linked to optimism around Uniswap v4’s upgrade rollout. However, broader market volatility and recent liquidation events have since pulled UNI lower. A Risky Trade Turned Sour On-chain data shows Maji…
The cryptocurrency market faced a sharp $301 million liquidation wave over the past 24 hours, according to data from Coinglass, as volatility continued to unsettle traders following a turbulent month. Long positions took the biggest hit with $169 million in forced closures, while shorts saw $131 million liquidated — reflecting a mild bias toward bullish traders being squeezed amid erratic price swings. While not the largest liquidation event of the year, the scale underscores how leverage remains a defining risk in crypto trading this November. Bitcoin hovered near $106,000, and Ethereum held above $3,600, with both showing signs of exhausted…
President Donald Trump on Tuesday vowed to find a “solution” to protect American industries if the Supreme Court rules against his sweeping tariff program, signaling determination to preserve his protectionist agenda even in the face of a possible legal defeat. Speaking at the White House, Trump said his administration would “move fast” to devise alternatives should the Court declare the tariffs unlawful. The justices are reviewing whether Trump’s use of the International Emergency Economic Powers Act (IEEPA) to impose broad import duties exceeded presidential authority—a case that could reshape the limits of executive trade power. “If they rule against us,…
BNY Mellon has predicted that the market for stablecoins and tokenized cash could reach $3.6 trillion by 2030, rising sharply from about $300 billion today. The projection highlights the growing link between traditional finance and blockchain technology as banks and institutions adopt digital assets for faster, cheaper, and safer transactions. According to BNY Mellon’s new report, stablecoins—digital tokens tied to real currencies—could make up $1.5 trillion of the total. The rest would come from tokenized deposits and tokenized money market funds, which together could add another $2.1 trillion. The report calls these assets “essential tools” for improving payments, settlements, and…
Binance Coin (BNB), the native token of the world’s largest crypto exchange, has once again surpassed the $1,000 mark, reaching a high of $1,012 in early Tuesday trading (UTC). Despite a small 0.91% dip in the past 24 hours, the move highlights BNB’s strong momentum amid broader market uncertainty. The latest milestone comes after a sharp recovery from last week’s low of $850 during the U.S. fiscal standoff. BNB has gained 18% since then and is now up 22% this month, supported by optimism around Binance’s expanding ecosystem and new regulatory approvals. Why BNB Is Rising BNB’s performance stands out…
Ethereum (ETH) climbed above the $3,600 mark on Tuesday, reaching highs of $3,612 in early trading before easing slightly. Despite a modest 0.87% dip over the past 24 hours, the cryptocurrency remains resilient, signaling investor confidence amid broader market weakness. The move comes after a volatile October, when ETH swung from below $2,800 to nearly $4,100, driven by renewed activity in decentralized finance (DeFi) and speculation around network upgrades. Although still about 12% below its recent peak, Ethereum’s stability above $3,600 highlights steady demand for its network utility in decentralized applications. Broader Market Context Ethereum’s performance outpaced much of the…