DOT rebounded, gaining 4%, after dropping 3.67% to $3.464, where it found strong support, according to CoinDesk Research’s technical analysis model. The move higher was on strong volume, the model showed. A bullish reversal pattern has formed with consecutive higher lows since the bottom, which suggests further potential upside, according to the model. In recent…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3035.75, up 1.3% (+38.34) since 4 p.m. ET on Thursday. Seventeen of 20 assets are trading higher. Leaders: AAVE (+3.5%) and HBAR (+2.4%). Laggards: BCH (-1.5%) and NEAR (-0.5%)….
Thailand’s Securities and Exchange Commission (SEC) opened a consultation on rules for exchanges to issue their own utility tokens. The regulator is proposing allowing crypto exchanges, or a person related to the exchange, to issue utility tokens for blockchain transactions, it said on its website. Exchanges will have to disclose the names of anyone related…
Bitcoin Magazine The CLARITY Act Shouldn’t Be Included in the GENIUS Act Say Senator Hagerty, Analysts On Tuesday, the U.S. Senate passed the GENIUS Act (S. 394), which would establish a comprehensive federal framework for U.S. dollar-denominated stablecoins. Now, I know some of you are rolling your eyes because Bitcoin Magazine is covering a stablecoin…
The XRP price is currently trading well below $3; however, a crypto expert believes that in less than two years, this popular altcoin could enter the double-digit territory, marking a historic moment in crypto. The analyst has forecasted a potential surge to $27, pointing to a re-emerging pattern from 2017. With over six months left…
Bitcoin Magazine Forecasting Bitcoin Price Cycle Peak with the 200-Week Moving Average As Bitcoin approaches increasingly euphoric territory, the million-dollar question resurfaces of how can we accurately time the cycle’s peak? Most investors either exit too early or ride the market back down after failing to recognize when conditions have shifted. But a deceptively simple…
Everything Blockchain Inc. has announced a $10 million strategic crypto allocation into Solana, XRP, Sui, Bittensor, and Hyperliquid. SOL, XRP, SUI, TAO, and HYPE are gaining traction, and Everything Blockchain aims to use the buys to front-run potential Wall Street influx into crypto. The Solana and XRP prices hover near key support levels. Everything Blockchain,…
Key takeaways BSV is enjoying a good run after adding 6% to its value this week. The coin could rally towards the $40 psychological level soon amid strong technical indicators. Bitcoin SV breaks into the top 100 Bitcoin SV (BSV) is a hard fork of the Bitcoin Cash cryptocurrency and is mirroring its performance. Bitcoin…
TOKYO: Japan’s core inflation hit a more than two-year high in May, exceeding the central bank’s 2% target for well over three years, keeping it under pressure to resume interest rate hikes despite economic pressure from U.S. tariffs. The data underscores the challenge the Bank of Japan faces in juggling pressure from persistent food inflation…
BEIJING: Tesla’s first China grid-scale battery storage station using its megapack batteries will be located in Shanghai, local media Yicai reported on Friday. The deal involving an investment of 4 billion yuan ($556.8 million) was signed between the U.S. automaker, China Kangfu International Leasing Co and the Shanghai local government on Friday, according to the…
