Author: coinadrenaline
The crypto market is no stranger to turbulence, and Chainlink (LINK) is currently caught in the eye of the storm. As bearish forces tighten their grip, prices are perilously close to testing the crucial $12.5 support level a threshold that could determine its fate in the coming days. Several factors like mounting selling pressure and broader market weakness threaten to derail its recovery prospects. LINK’s recent downturn comes after a period of consolidation, during which the asset struggled to gain upward momentum. Now, with the price breaking down and eyeing the $12.5 support, the stakes have never been higher. For…
Este artículo también está disponible en español. Ethereum’s price trajectory has taken a sharp downturn, with technical analysis showing a possible crash to $2,000. Crypto analyst SwallowAcademy pointed out on the TradingView platform that some bearish signals are forming in smaller timeframes, especially as buyers have failed to maintain a key support zone at $2,700. Notably, the broader market downturn over the past 24 hours has only strengthened the case for further declines for Ethereum. Ethereum Plunges Over 12% In 24 Hours As Market Suffers Steep Losses The crypto market has taken a heavy hit, with Bitcoin falling below major…
Matrixport sees growing risk of deeper decline as Bitcoin slips below key pattern amid low trading activity. Bitcoin (BTC) broke out of an ascending broadening wedge, a typically bearish pattern, with a 6.78% drop that pushed its price down to $87,630 as of press time. In an X post on Feb. 25, Matrixport analysts warn the slippage could lead to further declines, especially with low trading activity limiting demand for dip-buying. “The likelihood of a deeper decline is increasing, particularly since this break is occurring during a period of low trading activity, which may result in limited demand to buy…
ADA’s traders were over-leveraged at $0.634 on the lower side and at $0.708 on the upper side. On-chain metrics revealed that exchanges have witnessed an outflow of over $8 million worth of ADA tokens. Cardano [ADA] is garnering attention from crypto enthusiasts due to its significant price drop in the past 24 hours. With a 13% decline, ADA has reached a crucial level where trader and investor participation has surged, leading to a notable increase in trading volume. ADA’s current price momentum At press time, ADA was trading near $0.665. It has seen a 90% surge in trading volume…
The largest cryptocurrency slid as low as $86,873 in after-hours trading, the lowest bitcoin has fallen in three months. BTC Sees Sharp Decline as Trading Volume Surges 178% in Market Sell-Off Bitcoin (BTC) plunged below $87,000 in afterhours trading but has since recovered slightly and is currently trading at $88,297, reflecting a 7.67% decrease from […]
Bitcoin (BTC) price movements reflected a period of consolidation before dropping below $90,000 after BTC failed to break above its all-time high in February. According to the latest edition of the “Bitfinex Alpha” report, macroeconomic uncertainty worsens this scenario.Over the past week, Bitcoin fluctuated within a 6.5% range, peaking at $99,574 on Feb. 21 before closing at $96,346. Since it has dropped a further 7.5% to $88,600 as of press time. Two significant events exacerbated the market downturn: a hack involving crypto exchange Bybit and a sharp decline following the expiration of S&P 500 options. The latter resulted in a 4.7%…
Arctic Pablo Coin Presale Heats Up: Toshi & Dogwifhat News! No Result View All Result
XRP is establishing new trading patterns against Bitcoin, and traders are closely monitoring a potential shift in market dynamics. XRP has exhibited remarkable strength over a lengthier timeframe, with a 31% gain against Bitcoin during the past month, despite a 15% decline in the past week. Analysts are in disagreement as to what may occur next, as the altcoin’s short-term weakness and long-term strength show opposing figures. Unprecedented Consolidation Pattern Emerges EGRAG, a market analyst, has identified a previously unseen development in the relationship between XRP and Bitcoin. The current pattern indicates consolidation at historically elevated levels, in contrast to…
17 July 2024 EEA today published the DeFi Risk Assessment Guidelines, Version 1 <https://entethalliance.org/specs/defi-risks/>. This is a pioneering document compiling risks for DeFi protocols, along with mitigation strategies. The guidelines also cover the documentation and data a project should have available to help investors assess and manage those risks and mitigations. The standard has been produced, and will be maintained, by the EEA’s DRAMA Working Group. That group has brought together top representatives of the blockchain and financial industries to fortify the DeFi ecosystem against a spectrum of risks. Banco Santander, Bitwave, C4, Certik, Coinchange, Consensys, Cryptio, Cube.AI, DeFi Safety,…
A South African study reveals growing DeFi adoption, projecting $2.8 million in volume by the end of 2025, primarily driven by retail customers. FSCA to Focus on Stakeholder Engagement According to a study conducted by South Africa’s Financial Sector Conduct Authority (FSCA), decentralized finance (DeFi) activities are gaining traction, with projected volume expected to reach […]