On February 7th, Friday, the Dogecoin price recorded a 0.46% drop to reach a trading value of $0.24. The selling pressure can be attributed to broader market correction as Bitcoin shows another failed attempt to sustain above $100k. However, the DOGE sellers could further accelerate the current correction trend as onchain data records a significant decline in whale activity. According to Coingecko, the DOGE’s market capitalization stands at $36.7 Billion, while the 24-hour trading volume wavers at $1.92B, Key Highlights: 1M+ weekly DOGE transactions plummeted from 3,490 to 840, indicating reduced involvement from major investors The dogecoin price breakdown from…
Author: cryphedge
During Friday’s U.S. trading hours, the crypto market witnessed a surge in selling pressure, evidenced by a long-wick rejection candle in Bitcoin. The overhead supply has plunged most major altcoins, including ETH, which teases a breakdown below $2,500. While the market sentiment shows no signs of bottoming, the historical trend of Ethereum price signals recovery potential in February Key Highlights: The Ethereum price correction could extend another 14% before the resistance key support trendline near $2,200. A bearish crossover between the 50-and-100-day exponential moving average should accelerate the market selling pressure. An ascending trendline in the daily chart marks the…
Investors worry about Stellar’s lack of growth potential as its market cap continues to fall. On the other hand, 1Fuel’s presale is filling up faster than justified, which is a sign of high demand and a positive investor mood. Its fresh approach to blockchain technology is driving this momentum, offering opportunities where others are falling short. Let’s look at what’s propelling 1Fuel up while the likes of Stellar fumble. Stellar (XLM): A Declining Market Presence While Stellar has been sold as a solution for lightning-fast and cost-effective cross-border payments, its market performance is painting a different picture. Currently, XLM is…
On February 8th, Friday, the crypto market showed an intraday bullish outlook following the lower-than-expected U.S. job data. As Bitcoin’s attempt to regain $100k triggers renewed bullish momentum in the altcoin market, crypto whales show interest in these two memecoin. According to CoinGecko data, the top memecoins contribute to a total market cap of $75.37 Billion, while the 24-hour trading volume is $8.9 billion. Key Highlights: According to Spotonchain data, the crypto whale has spent millions of dollars accumulating Pepe and WIF amid current market uncertainty. A long-support trendline drives the current uptrend in Pepe coin price. The falling Dogwifhat…
Japan’s Financial Services Agency (FSA) has requested Apple and Google to block downloads of crypto exchange apps operating in the country without proper registration, local media reported on Feb. 7.According to sources familiar with the matter, Apple removed the apps from its App Store in response, while Google has not yet commented on whether it will follow suit. This is the first time the Japanese regulator has made such a request.The targeted exchanges include Bybit and MEXC Global. Three other overseas exchanges were also identified but have not yet been publicly named.According to Japan’s Payment Services Act, crypto exchanges must…
There’s a buzz in the cryptocurrency market about a newcomer set to challenge the dominance of a famous meme-based coin. This ambitious project claims it can deliver astonishing returns, potentially reaching 50,000%. Investors are curious: is this the next big opportunity in digital assets, or just another fleeting trend? Alpha Meme Coin DOGEN Off to the Moon After Its Major Listing Event DOGEN, which has recently captured the interest of the crypto community with its bold narrative of the strongest meme coin for alpha males, was listed on February 4th. The listing comes at the perfect timing as the crypto…
Over the last month, the US Securities and Exchange Commission (SEC) has undergone a massive shift in its crypto policy. That is set to completely revamp its offerings in the United States. Indeed, one expert notes that a recent SEC acknowledgment has a Litecoin ETF inching closer to approach.That isn’t all, as the agency acknowledged two key filings. The first was related to Grayscale’s LTC ETF, while the other was a request for in-kind redemptions on BlackRock’s Bitcoin ETF. The development looks to mark a clear step toward the approval of both filings.Source: DecryptAlso Read: SEC Transfers Top Crypto Litigator…
The Commodity Futures Trading Commission (CFTC) launched a pilot program to explore tokenized non-cash collateral, including stablecoins, within regulated derivatives markets, according to a Feb. 7 announcement.The CEO Forum will engage industry leaders on the launch of its digital asset markets pilot program.Representatives from Circle, Coinbase, Crypto.com, and Ripple will participate in the forum. The regulator said it would disclose further details about the event once the arrangements are finalized.Acting Chairman Caroline Pham stated:“I’m excited to announce this groundbreaking initiative for US digital asset markets. The CFTC is committed to responsible innovation. I look forward to engaging with market participants…
The post The Race for ETF Approval Begins: It’s Not the Time to be Bearish on XRP & Solana—But Here’s a Twist appeared first on Coinpedia Fintech News Ever since the institutions have gauged the success of the spot Bitcoin & Ethereum ETF, they have intensified their search for other potential ETFs. While Solana has strengthened its base with zero network outrage in the past 12 months, XRP has proved to be a sleeping giant after the remarkable bull run. Now that both are in a race for ETF approval, the probability of an XRP bull run & SOL bull…
On February 7th, Friday, the crypto market showed a slight uptick following the lower-than-expected U.S. jobs number. As a result, the pioneer cryptocurrency Bitcoin teases a breakout of $100k, recuperating the bullish momentum in the altcoin market. Amid the anticipated rally, Uniswap price shows potential for sustained recovery as backed by a surge in whale accumulation. Key Highlights: A six-month-long support trendline drives the current uptrend in Uniswap price. The UNI coin is witnessing renewed bullish momentum at $8.9, a support level backed by an ascending trendline and a 78.6% Fibonacci retracement level. Lookonchain data highlights active whale accumulation after…
