Polkadot DOT encountered substantial selling pressure, dropping as much as 5% before rebounding and potentially forming a double bottom pattern that points to continued upward movement, according to CoinDesk Research’s technical analysis model. After initially attempting to establish an uptrend with a peak at $3.787, DOT encountered strong resistance and formed a bearish reversal pattern,…
Avalanche AVAX struggled to maintain short-term momentum, with trading patterns showing a descending channel formation despite attempts to stabilize around key support levels, according to CoinDesk Research technical analysis model. The token has fallen 1.4% in the last 24 hours to $18.43 while the CoinDesk 20 — an index of the top 20 cryptocurrencies by…
Coinbase Derivatives and Nodal Clear are working to integrate the USDC stablecoin as collateral in regulated U.S. futures markets, aiming to launch the new framework in 2026. If approved by the Commodity Futures Trading Commission (CFTC), the plan is expected to mark the first time a stablecoin is formally accepted as collateral for margined futures…
Toncoin TON is experiencing heightened volatility amid broader market turbulence, with significant selling pressure breaking through the $2.92 support level during peak trading hours, according to CoinDesk Research’s technical analysis model. Despite the sharp decline, buyers have emerged near the $2.87 level, forming what appears to be a potential stabilization zone. The cryptocurrency’s recent price…
Bitcoin Magazine K33 Announces Plans To Purchase Up To 1,000 Bitcoin K33 AB, a leading digital asset brokerage and research firm, announced today the launch of a SEK 85 million direct share issue to fund the purchase of Bitcoin. The company aims to build Bitcoin as a core asset on its balance sheet, targeting the…
As geopolitical tensions in the Middle East continue to impact cryptocurrency prices, with Bitcoin (BTC) recently dipping below the $105,000 mark, market analyst VirtualBacon has shared insights suggesting that altcoins are gearing up for a potentially robust summer. Emerging AI Memecoins In a recent update on social media platform X (formerly Twitter), he highlighted several…
The cryptocurrency market faces renewed pressure as conflict between Iran and Israel intensify, with NEAR Protocol showing notable price sensitivity to these geopolitical developments. The digital asset has established key support around $2.09-2.10, where increased trading volume suggests potential accumulation despite the overall bearish trend. Technical analysis NEAR-USD exhibited a 6.1% trading range ($2.219 high…
Compute Labs, a startup that turns the industrial-grade GPUs that power AI data centres into fractionalized yield-bearing tokens, and enterprise AI cloud firm NexGen Cloud, have joined forces to begin distributing ownership of a $1 million “public vault,” the companies said on Wednesday. The power and profitability of AI infrastructure are largely centralized and generally…
Ethereum’s price action has formed a consolidation pattern between $2,500-$2,540 with decreasing volume suggesting accumulation rather than distribution. The cryptocurrency remains trapped below the critical $2,800 resistance level that has acted as a barrier several times in recent weeks, with traders closely watching for a breakout that could trigger renewed momentum toward $3,000. Meanwhile, staking…
The wider promise of stablecoins, cryptocurrencies whose value is tied to another asset, has remained elusive until now due to regulatory uncertainty, broker Canaccord said in a research report Wednesday. The passage of the GENIUS Act in the U.S. Senate changes everything, it said. The legislation, whose full name is Guiding and Establishing National Innovation…
