The Ink Foundation, the nonprofit behind layer 2 Ink, is launching its native token INK in an attempt to bootstrap onchain capital markets through a liquidity-first strategy. The token will debut on a decentralized finance (DeFi) lending and trading protocol built on Aave, and distribution will begin via an airdrop to early users. There will…
A key indicator is flashing red for shiba inu (SHIB) as the recent price drop to two-month lows has shaken out leveraged bullish bets. The indicator in consideration is the long-short ratio derived from the perpetual futures market. It measures the number of active longs or bullish bets relative to shorts, providing cues on market…
Bitcoin continues to trade in a range just below its recent all-time high, maintaining a relatively stable price structure despite broader market fluctuations. As of the time of writing, BTC is priced at approximately $105,756, reflecting a 1% drop in the past 24 hours and a 5.4% decline from its record peak of over $111,000…
Dogecoin tumbled as much as 7.5% in 24 hours, sliding from $0.176 to $0.164 as markets continue to react to rising geopolitical conflict in the Middle East and hawkish central bank policy. News Background Tensions between Israel and Iran escalated over the weekend, prompting a swift risk-off reaction in global markets. Crypto was no exception,…
The Federal Reserve’s (Fed) Open Market Committee, comprising 12 officials, is scheduled to announce its decision on interest rates at 18:00 UTC on Wednesday, followed by Chairman Jerome Powell’s press conference half an hour later. The CME Group’s FedWatch tool indicates that the central bank is again likely to hold ground and keep interest rates…
XRP fell 4.5% over the past 24 hours, dropping from $2.254 to $2.164 as sellers overwhelmed buyers and forced a breakdown below key support levels. The token now faces increasing pressure at the $2.20 resistance level, with technical indicators showing a sustained downtrend that has yet to reverse. News Background XRP has come under intensified…
Crypto markets slipped across the board Wednesday, with altcoins leading the decline and Bitcoin continuing to trade in a tight band just above $105,000. XRP XRP fell 3.4% to $2.16, Cardano’s ADA ADA lost 4%, and ether ETH dropped 2.5% to just over $2,500. Meanwhile, BNB Chain’s BNB BNB slid 0.5%, Solana’s SOL SOL fell…
Solana started a fresh decline from the $160 zone. SOL price is now consolidating losses and might decline further below the $145 level. SOL price started a fresh decline from the $160 resistance zone against the US Dollar. The price is now trading below $155 and the 100-hourly simple moving average. There was a break…
Bitcoin may be gearing up for a renewed surge, but according to trader Josh Olszewicz, the bullish setup is walking a macroeconomic tightrope—and one wrong move could send everything tumbling. In his June 16 “Macro Monday” update, Olszewicz laid out a broad-based technical and macroeconomic case for why BTC is holding firm near all-time highs,…
XRP price started a fresh decline below the $2.20 zone. The price is now consolidating losses and might decline further below the $2.150 zone. XRP price started a fresh decline below the $2.20 zone. The price is now trading below $2.20 and the 100-hourly Simple Moving Average. There was a break below a key bullish…
