Key takeaways BTC is down less than 1% as the market remains choppy. The leading cryptocurrency could retest the $87k support level before rallying higher. BTC’s price action remains choppy The cryptocurrency market continues to underperform as BTC and the other leading coins are in the red. Bitcoin has lost 0.7% of its value in the last 24 hours and is now trading around $89,150. The broader cryptocurrency market is attempting to stabilize after this week’s sell-off. Bitcoin price started the week on a negative note, closing below key support levels: the 50-day Exponential Moving Average (EMA) at $91,942. The…
Author: cryphedge
Hedera (HBAR) has intensified its downward trajectory. The token slipped towards the $0.10 mark amid persistent selling pressure and broader cryptocurrency market weakness. This decline comes despite the partnership with the McLaren F1 Team. Hedera’s price fell alongside other cryptocurrencies on Friday, reaching intraday lows near $0.10. After seeing a sharp decline on January 19, HBAR rebounded slightly to around $0.115. However, sell-off pressure across the risk assets market has pushed bulls into the woods to leave the brief upside as a mask of a likely deeper rot. It’s an outlook mirrored across the altcoin ecosystem as Bitcoin struggles below…
Key takeaways PI is down 1.6% in the last 24 hours, reversing some of its Thursday gains. The bearish performance comes despite Pi Network announcing a creator event and new updates to support easy Pi payment integration. PI dips below $0.19 as bearish trend resumes PI, the native coin of the Pi network, has lost 1.6% of its value in the last 24 hours and is now trading above $0.18. The bearish performance comes despite Pi Network announcing plans on Wednesday to boost the ecosystem, including a creator event, integration of the PI payments system into apps built on the…
Tether Gold (XAUt) outperforms crypto as investors rotate into gold-backed safety. Whale accumulation and new liquidity channels reinforce bullish momentum. Key levels to watch are the support at $4,800 and the resistance at $5,000. Tether Gold (XAUt) is drawing intense market attention as its price surges alongside a historic rally in physical gold. The token, which is backed 1:1 by allocated gold stored in Swiss vaults, has benefited directly from growing global demand for safe-haven assets. As geopolitical tensions, especially in the Middle East, rise and uncertainty weighs on risk assets, investors are increasingly turning to gold and gold-linked digital…
Dogecoin ETFs have long been an intense matter of speculation. However, this speculation now finally comes to an end as one of the Dogecoin ETFs by 21Shares has been made live on Nasdaq. This is a major feat for Dogecoin, as the token has long been struggling to create its own momentum. Will this development help Dogecoin price score a new parabolic run? When will Dogecoin truly shine in the near future?Also Read: Why Is XRP Dropping: 2 Bold Catalysts That Could Trigger a ReversalDogecoin ETP Goes Live: Why Is This Important For Dogecoin?Source: RedditThe Dogecoin ETF by 21Shares has…
Dogecoin shows weakness as price tests $0.12. Bears could target lows of $0.10 if memecoins continue selling off. The macroeconomic and geopolitical headwinds give bears an upper hand. Dogecoin continues to exhibit signs of vulnerability amid broader market pressures. The token’s price hovered lower and hit lows near the critical support level of $0.12. The intraday decline of 2% aligns with broader losses across the altcoin market. But with memecoins showing greater weakness, analysts are warning that an extended dip risks deeper pain for DOGE. Struggles for Pepe, Shiba Inu and other top memecoins are testing investor resilience. Dogecoin price…
LayerZero (ZRO) has absorbed a major token unlock as demand outweighs new supply. Speculation and leverage have led to a clean breakout above $2.20 resistance. Holding $2.20 support could open upside toward the $2.60–$2.70 zone. LayerZero is currently commanding attention across the crypto market as its native token ZRO pushes higher despite heavy supply-side headwinds. The ZRO price has surged decisively above the critical $2.20 resistance level, defying expectations tied to recent token unlocks. At the time of writing, ZRO is trading near $2.21, posting gains of over 12% in 24 hours, 35% over the past week, and more than…
The Bitcoin price is not rising. Reacting to some of the events in Davos perhaps, there were some recent dips and upside spikes, all within a $3,000 range, but the main takeaway is that Bitcoin is lingering below $90,000. Is this the lull before a storm, and in which direction could the storm go? Bear pennant forming? Source: TradingView Looking at the 4-hour time frame for $BTC, it can be seen that a possible bear pennant is developing. If this were to play out we could be looking at a crash all the way down to $80,000, which would pretty…
Binance launched a USD1 rewards campaign, distributing $40m in WLFI tokens through weekly airdrops. WLFI payouts are based on users’ net USD1 balances, with higher rewards for USD1 used as collateral. USD1’s market cap has surpassed $3 billion, while WLFI activity has increased across DeFi and payroll uses. Binance has rolled out a new rewards campaign for users holding USD1, offering weekly WLFI token airdrops with a total of $40 million in WLFI earmarked for distribution. The exchange said eligible accounts that maintain a USD1 balance between Jan. 23 and Feb. 20 will receive rewards throughout the programme. The initiative…
What Shiba Inu is about is understanding its role as a community-driven cryptocurrency and why it continues to remain a frequent topic in crypto conversations. You’ve probably seen SHIB mentioned alongside online hype or stories of early buyers who turned small amounts into fortunes. Shiba Inu has grown from a simple meme idea into a full crypto project with its own ecosystem and one of the largest communities in the crypto space. If you’re thinking about buying SHIB, this guide walks you through how Shiba Inu works, its uses, the risks involved, and what the future holds for investors like you. What…
