XRP is holding a key support level, but market data shows sellers are still dominating trading activity. The cryptocurrency was trading around $1.36, gaining slightly in the past 24 hours. Even with this small rise, the token remains far below its 2025 peak of $3.65, meaning it has lost more than 60% of its value since then. Trading activity has increased recently. Daily trading volume reached about $2.55 billion, which is a big jump compared to the previous day. Data also shows more activity in derivatives markets. According to figures from CoinGlass, trading volume rose to $3.54 billion, while open…
Author: Sazid Kabir
Read More
A Solana-based meme coin called Patos is getting attention after sharing its planned exchange listing price. The project says the token will launch on centralized exchanges at around 1.8x higher than today’s first-round presale price. PATOS sold its opening presale round at about $0.00014 per token. The team now says it aims to list the coin at roughly $0.000295, which equals a 108% increase from the first round. This move stands out because many presale projects do not share a target listing price. By setting one early, Patos is trying to give buyers a clear idea of what the launch…
Bitcoin is once again testing a major price level after a recent rally, but analysts warn the move may not last. The world’s largest cryptocurrency climbed close to $69,000, approaching a resistance level that has stopped previous price surges. Traders say this area has rejected Bitcoin several times in recent weeks. When a price rises quickly but fails to break resistance, it can create what traders call a bull trap. This happens when buyers enter the market expecting further gains, only for the price to reverse and fall. Technical charts show Bitcoin is moving inside a descending channel, a pattern…
Large investors holding XRP appear to be increasing their positions even as a significant portion of the token’s supply remains in loss. Recent data from Glassnode shows that nearly $50 billion worth of XRP is currently underwater. This means many investors bought the token at prices higher than its current value. The metric tracks the total value of coins whose last on-chain movement happened above the current market price. When this number grows, it often suggests many holders are still waiting for the market to recover. Despite these losses, data shows a different trend among large holders, commonly known as…
The United States Department of the Treasury has warned that crypto ATMs are increasingly being used by scammers and criminals to steal money from victims. The warning comes from a new report submitted to Congress under the GENIUS Act, which focuses on risks in the growing digital asset industry. According to the report, criminals are using crypto ATMs to pressure victims into quickly sending money. These machines allow people to convert cash into digital assets like Bitcoin. Data cited in the report shows the Federal Bureau of Investigation received more than 10,900 complaints about crypto ATM scams in 2024. Total…
Bitcoin continued trading near the $67,000 level on Monday as analysts pushed back against the idea that the digital asset behaves like a technology stock. According to market data, Bitcoin was trading around $67,400, up roughly 2.2% on the day. The cryptocurrency has been moving sideways in recent sessions as traders wait for clearer market direction. Research from NYDIG argues that comparisons between Bitcoin and high-growth software companies are often misleading. In its latest report, the firm said Bitcoin does not generate revenue, profits, or cash flow, which are the key metrics used to value technology stocks. Software companies are…
The price of Ethereum is facing renewed pressure after a bearish technical signal appeared on its daily chart. According to market data, Ethereum briefly dropped about 12% on Monday, hitting an intraday low near $1,930 before recovering slightly. At the time of writing, the cryptocurrency was trading close to $2,000. Over the past few days, Ethereum has been moving in a narrow range between $1,900 and $2,000. Traders are watching the lower end of this range closely as global market uncertainty increases. The latest decline came after Bitcoin slipped toward $65,000, which triggered broader selling across the crypto market. Rising…
Prediction market platform Kalshi is facing a class-action lawsuit over disputed payouts worth about $54 million linked to bets on the future of Ali Khamenei. The lawsuit was filed in the United States District Court for the Central District of California. Traders claim the platform refused to pay winning bets after Khamenei died in military strikes. The prediction market allowed users to bet on whether Khamenei would leave office before March 1. When reports confirmed his death, many traders expected the contracts to resolve in their favor. However, Kalshi said the market excluded outcomes involving death. The company argued that…
Mentions of “altseason” have dropped to extremely low levels across crypto social media, and analysts say that could actually be a positive sign for the market. According to blockchain analytics firm Santiment, discussions about altcoins outperforming Bitcoin are currently close to rock-bottom levels online. The firm says this kind of sentiment has historically appeared before major rallies in alternative cryptocurrencies. In the crypto world, “altseason” refers to a period when altcoins rise faster than Bitcoin. During these times, traders often shift their focus from Bitcoin to smaller digital assets, hoping for bigger gains. Santiment says high levels of discussion about…
The price of Bitcoin dropped close to $70,000 on Friday as traders prepared for a major options expiry event worth more than $2.2 billion. According to market data, Bitcoin fell about 4.5% during Asian trading hours, hitting an intraday low of around $70,177 before stabilising near $70,400. The drop came after the cryptocurrency failed to break above the key resistance level of $74,000, which it has struggled to pass for more than a month. Part of the decline also came as traders took profits after a strong rally earlier in the week. Bitcoin had surged more than 15% in just…