Morpho price rose 12% to hit a six-month high of $2.38. Ecosystem developments and market sentiment has helped MORPHO up. Bulls could target the peak of $4.17 reached in January. Morpho (MORPHO), native to the decentralized lending protocol, has climbed more than 12% in the past 24 hours to emerge as one of the top gainers in the crypto market. The uptick has pushed MORPHO to price levels seen in early March, with daily volume rising as key network developments […]
Key takeaways BNB surged by over 4% in the last 24 hours to hit a new all-time high of $882. Binance’s native coin could rally to the $1k psychological level in the medium term. Binance’s BNB hits a new all-time high The cryptocurrency market performed positively on Wednesday following two days of steady decline. Bitcoin bounced back to trade above $114k after dropping to the $111k level earlier this week. Ether, the leading altcoin by market cap, defended its price […]
Major altcoins like Ether and Solana are strongly outperforming Bitcoin. BNB, the token of BNB Chain, surged 6% to a new all-time high of 875. Bitcoin’s market dominance is on the verge of hitting a new six-month low. In a stunning display of defiance, a powerful cohort of major altcoins staged a dramatic comeback on Wednesday, completely eclipsing Bitcoin and brushing off a wave of risk-aversion that sent traditional stock markets lower. The move signals a potential changing of the […]
Bitwise projects Bitcoin to deliver 28% annual returns over the next decade. Institutions now view Bitcoin like equities and bonds for portfolio allocation. Spot ETFs and corporate treasuries fuel Bitcoin’s growing long-term adoption. Bitwise Asset Management expects bitcoin to deliver the strongest returns of any major asset class over the next ten years, projecting a compound annual growth rate of 28% with gradually declining volatility. The forecast was shared in a new memo previewing the firm’s forthcoming Bitcoin Long-Term Capital […]
SkyBridge will tokenize $300M of hedge funds on the AVAX blockchain. The move positions Avalanche as a leading platform for RWAs. AVAX charts suggest a potential 45% price jump if broader sentiments improve. While cryptocurrencies retreated from their recent peaks, Anthony Scaramucci’s alternative investment company, SkyBridge Capital, supercharged Avalanche’s (AVAX) fundamentals. According to the latest press release, SkyBridge plans to tokenize hedge funds worth $300 million on the Avalanche network. Under this initiative, SkyBridge’s Legion Strategies Ltd. and Digital Macro […]
SoFi will enable instant cross-border transfers using Bitcoin and UMA. Transfers will convert USD to Bitcoin via Lightning, then to local currency. The service will first launch in Mexico with lower fees than traditional remittances. SoFi Bank is preparing to shake up the global remittance industry by introducing a blockchain-powered international money transfer service. The US digital bank has partnered with Lightspark, a Bitcoin infrastructure company founded by former PayPal president David Marcus, to bring faster and cheaper cross-border payments […]
Data from SoSoValue showed spot Bitcoin ETFs recorded daily net outflows of $523 million on Tuesday. Spot Ether ETFs experienced $422.3 million in total net outflows, according to SoSoValue. Investors are now waiting for additional cues, including the release of minutes from the FOMC’s July meeting later on Wednesday. US spot Bitcoin and Ether exchange-traded funds (ETFs) saw significant net outflows on Tuesday, with institutional investors trimming exposure ahead of key macroeconomic events later this week. Large outflows in Bitcoin […]
Key takeaways Cardano’s ADA is the worst performer among the top 10, losing 8% of its value in the last 24 hours. The coin could recover above $1 soon after retesting the $0.84 low. ADA retests $0.84 amid bearish PA The cryptocurrency market has been bearish since the start of the week, and Cardano’s ADA has been the worst performer among the top 10 coins by market cap. ADA is down 8% in the last 24 hours and briefly dropped […]
Key takeaways ETH is down 1.6% in the last 24 hours and has dropped below $4,200. The bears are aiming for $4k as the broader crypto market experiences a sell-off. ETH fails to defend its price above $4,200 Ether, the second-largest cryptocurrency by market cap, failed to hit a new all-time high last week and has since lost 10% of its value. It is currently down by 1.6% in the last 24 hours and now trades at $4,170 per coin. […]
Bitcoin and Ether prices are falling despite positive industry news. A key disconnect exists between weak price action and strong fundamentals. Glassnode warns of market fragility and stretched leverage in the short term. A profound and unsettling disconnect is cleaving the cryptocurrency market in two as the trading day begins in Asia. While a torrent of structurally bullish headlines points to a maturing and increasingly powerful industry, the price action on screen tells a story of weakness, fear, and retreat. […]