Cronos (CRO) is up 32% on Tuesday after Yorkville Acquisition, Trump Media and Technology Group (DJT), and Crypto.com revealed a business combination to launch a CRO treasury company with up to $6 billion in initial funding.
Ripple (XRP) is edging higher above support at $2.90 on Tuesday following a widespread sell-off in the broader crypto market, which saw Bitcoin (BTC) reach an intraday low of $108,666.
Chainlink (LINK) price extends recovery following three consecutive days of declines. The oracle network token is up over 2% to exchange hands above $23.00 on Tuesday, buoyed by positive sentiment after digital asset manager, Bitwise, filed to launch a LINK spot Exchange Traded Fund (ETF).
Bitcoin’s (BTC) technical structure continues to deteriorate, worsened by weak market sentiment. The largest cryptocurrency by market capitalization saw a flash drop to $108,666 during the Asian session on Tuesday before rebounding to exchange hands above $110,000 at the time of writing.
Bonk (BONK), a Solana-based meme, offers recovery signs, up 2% on Tuesday and marking a knee-jerk bounce after extending its downtrend below the critical $0.000020 level. The token peaked at around $0.000040 in July, marking a local top.
Solana (SOL) edges higher by nearly 0.50% at press time on Tuesday, succeeding the 9.12% drop on Monday. The sudden fall in SOL is underpinned by massive net outflow, which is now flashing a risk of $176 million in long liquidations if the declining trend continues.
Bitcoin (BTC) hovers around $110,100 at the time of writing on Tuesday after closing below a key support level the previous day, triggering massive liquidations across the market. More than 179,700 traders were wiped out in the past 24 hours, with losses exceeding $800 million.
Crypto investment products saw their largest week of outflows since March, totaling $1.43 billion last week, led by Bitcoin (BTC) and Ethereum (ETH).
Dogecoin (DOGE) recovery has become elusive, worsened by risk-off sentiment in the broader cryptocurrency market. A 5% decline on Monday sees the largest meme coin by market capitalization exchange hands below $0.22 at the time of writing.
Ripple (XRP) offers recovery signs, trading at around $2.96 on Monday. Despite weak market sentiment led by Bitcoin’s (BTC) flash drop below $112,000, XRP has stayed above the critical $2.90 support since Friday’s macro-led recovery, which peaked at $3.12 over the weekend.
Hyperliquid (HYPE) is printing a green 4-hour candle, trading above $45.00 on Monday amid growing risk-off sentiment in the broader cryptocurrency market. Retail demand for HYPE appears steady, backed by steady futures Open Interest (OI) and a robust technical structure.
Cryptocurrency prices are back in the red on Monday following a short-lived rally on Friday, triggered by Federal Reserve (Fed) Chair Jerome Powell’s dovish remarks, which signalled interest rate cuts in September.
Pi Network (PI) edges lower by over 1% at press time on Monday, marking a bearish start to the week. The mobile mining cryptocurrency is eyeing a record low as selling pressure grows alongside social chatter.
XRP gained 8% on Friday after Ripple announced a partnership with Japanese firm SBI Holdings to begin distributing the Ripple USD (RLUSD) stablecoin in Japan.
Bitcoin (BTC) and the crypto market rebounded on Friday following Federal Reserve (Fed) Chair Jerome Powell's speech at the Jackson Hole Economic Symposium, hinting at a possible rate cut due to the weakening labor market.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are at a near standstill ahead of Fed Chair Jerome Powell’s speech at the Jackson Hole economic policy symposium scheduled at 14:00 GMT.
Meme coins, such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), are at an increased risk of losses due to the current volatile market conditions. On-chain and derivatives data indicate a decline in interest in DOGE, SHIB, and PEPE, with technicals leaning bearish.
Crypto self-custody wallet MetaMask stated on Thursday that it plans to launch MetaMask USD (mUSD), a stablecoin built for decentralized apps (dapps) and decentralized finance (DeFi) platforms in its ecosystem.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) remain steady at press time on Thursday, following minor turbulence after the release of the Federal Open Market Committee (FOMC) meeting minutes on Wednesday.
Bitwise Chief Investment Officer (CIO) Matt Hougan stated in a Tuesday note that the company plans to release a ten-year forecast for Bitcoin's price, with an estimated growth rate of 28.3% annually.
Bitcoin (BTC) stabilizes around $113,500 at the time of writing on Wednesday after dropping 4% in the last two days. This downturn comes as the institutional demand continues to weaken, as spot Bitcoin Exchange Traded Funds (ETFs) saw outflows exceeding $520 million on Tuesday.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) recover on Wednesday after two consecutive days of losses ahead of the release of the Federal Reserve's (Fed) meeting minutes later today. Bitcoin resurfaces above the $113,000 level on Wednesday following the 2.89% drop from the previous day.
Ethereum extended its decline by 5% on Tuesday, breaching the $4,200 level following a rise in short-term volatility, validator queue exits and institutional outflows.
The Wyoming Stable Token Commission announced the mainnet launch of its Frontier Stable Token (FRNT) on Tuesday, marking the first state-issued digital asset in the US.
A risk-off sentiment prevails in the cryptocurrency market, as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) continue their downward trend.
Bitcoin (BTC) continues to lose steam, slipping below $115,000 at the time of writing on Tuesday, after retreating nearly 5% from last week’s record high of $124,474.
The US Department of the Treasury has requested public opinions on how financial institutions can combat illegal activities involving the use of digital assets, according to a statement on Monday.
Ethereum (ETH) experienced a 3% decline on Monday as BitMine (BMNR) revealed that it had increased its treasury by 373,000 ETH, valued at approximately $1.7 billion.
Bitcoin (BTC) advances the pullback phase below the $115,000 level to test a crucial dynamic support, the 50-day Exponential Moving Average (EMA), at press time on Monday. The pullback spreads amid broader market fear, resulting in liquidations of over $500 million in the last 24 hours.
Bitcoin (BTC) trades in red, slipping below $116,000 at the time of writing on Monday, after notching a record high of $124,474 the previous week. Fading optimism over a potential Federal Reserve (Fed) rate cut following mixed US macroeconomic data last week has weighed on risk sentiment.