Ethereum is trading within a tight range that has held for several weeks, forming the kind of compression structure that often leads to a significant breakout. Despite heightened volatility in global markets driven by escalating tensions in the Middle East, ETH has remained resilient, holding strong above key demand zones around the $2,500–$2,600 area. The…
Tensions in the Middle East continue to shape cryptocurrency markets as ATOM demonstrates remarkable resilience in recent trading. The Cosmos ecosystem token recovered from a significant dip to $3.939, establishing crucial support around the $4.000 psychological level despite broader market uncertainty. Technical analysis ATOM-USD demonstrated resilience over the 24-hour period, recovering from a significant dip…
Cardano’s ADA ADA token is struggling to maintain upward momentum, sliding to $0.5965 despite signs of support at the $0.60 psychological threshold, according to CoinDesk Research’s technical analysis model. Earlier price action suggested a bullish reversal pattern, including a potential triple bottom formation, but the failure to hold $0.60 highlights ongoing weakness in the market….
Iranian cryptocurrency exchange Nobitex was hacked for around $90 million on Wednesday, on the surface of it an almost routine exploit in an industry that already dealt with a $223 million exchange exploit earlier this month. Below the surface, it was anything but. Digging a little deeper reveals this was not simply a cash grab,…
Payment card giant Visa (V) has expanded its stablecoin capabilities across the Central and Eastern Europe, Middle East, and Africa (CEMEA) region, and has also formed a strategic partnership with African crypto exchange Yellow Card. Visa appears to be doubling down on stablecoins, which are fast becoming the new payment rails of the Internet, having…
Bitcoin Cash (BCH) BCH rose 3.15% in the past 24 hours to $480.10, climbing sharply from a session low near $454 after buyers stepped in to reverse early weakness, according to CoinDesk Research’s technical analysis model. While much of the crypto market struggled under pressure from global economic tensions and declining Bitcoin prices, BCH broke…
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 3001.7, up 0.8% (+23.65) since 4 p.m. ET on Wednesday. Seventeen of 20 assets are trading higher. Leaders: UNI (+4.3%) and POL (+2.8%). Laggards: AVAX (-1.9%) and DOT (-0.9%)….
Project Eleven has raised $6 million to protect bitcoin BTC from the existential threat of quantum computing, as fears mount that the network’s core cryptography could one day be rendered obsolete. The round was co-led by Variant Fund and Quantonation, with participation from Castle Island Ventures alongside founding investors Nebular and Formation, according to a…
Crypto exchange Kraken has launched bitcoin BTC staking through a new integration with Babylon, as decentralized finance on BTC picks up. Babylon is a Bitcoin-native protocol that enables BTC to secure proof-of-stake (PoS) networks without leaving the blockchain. The service allows Kraken users to stake their bitcoin directly, locking it in a custodial vault on…
Crypto analyst XForce has again alluded to the 5-Wave count to show when the XRP Price is likely to hit a new all-time high (ATH) above $5. As part of his analysis, the analyst also declared that there is no reason to be bearish on the altcoin at the moment. XRP To Rally Above $5…
