On Thursday, bitcoin, the leading cryptocurrency, descended to an intraday low of $91,215, reflecting a decline exceeding 3% against the U.S. dollar. The collective valuation of the crypto economy contracted by 2.5% in the past 24 hours, settling at $3.22 trillion. Bitcoin Battles to Stay Afloat as Market Faces South Korean Premium Over the preceding … Read more
Thailand’s finance minister, Pichai Chunhavajira, has made some positive comments regarding the wider adoption of digital asset payments in the kingdom, but several hurdles remain. On Jan. 8, Mr Pichai questioned why Thailand should not embrace cryptocurrencies, which are being exchanged globally with strong demand, answered: “With growing demand and ongoing geopolitical issues worldwide, people … Read more
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Recent declines in Bitcoin’s price have been followed by negative sentiment across several on-chain metrics that are crucial in determining its next trajectory. With key metrics witnessing a decrease, there are speculations that the flagship asset might see an extended drop in its price. Market Sentiment Shifting As Bitcoin Funding Rates Drops As the market … Read more
ETH price was on track to conclude the first 7 days of 2024 on a bullish trend. Especially after price pulled back since mid-December in a natural post-rally retracement. ETH experienced a flash crash during which it lost roughly 8.3% on Tuesday’s trading session. Closer investigation into the crash reveals that it may have been … Read more
The cryptocurrency market has witnessed a rapid downturn, with prominent tokens like Dogecoin experiencing significant losses in recent days. Bitcoin, renowned for its market dominance, suffered a steep decline, reflective of broader economic concerns affecting the entire crypto space. A recent report from COINOTAG highlighted the overall market volatility, stating, “The current bearish trend reflects … Read more
The Dogecoin price action in the past 24 hours has been characterized by a fresh decline to retest support at $0.33. This recent decline in the past 24 hours is a continuation of the downtrend into 48 hours, which saw Dogecoin rejecting just below $0.40 after Bitcoin also rejected below $100,000 again. However, technical analysis … Read more
XRP’s market structure suggests that the altcoin is gearing up for a run to new all-time highs.
It’s not clear if all derivative assets that require bitcoin as collateral are fully backed as many assume. Is the Bitcoin Derivative Asset Market Built on a House of Cards? Some bitcoin (BTC) derivatives that claim to be fully backed by the cryptocurrency could be on shaky ground, according to a blog post by Bitcoin … Read more
A new subset of tokens comes from AI agents with DeFi capabilities. The category is still relatively small but saw a recent spike in volumes and total market capitalization. AI agents are trying to stand out with specific capabilities. Most early agents focused on personality, content, or entertainment. A few offered utility, by aggregating data … Read more