Pi Network price gets oversold ahead of a big unlock and potential Kraken listing
Pi Network price continued its strong downward trend this week and is nearing its lowest level on record as traders anticipated a big token unlock this week. Summary Pi Network price continued its strong downward trend last week. The network will unlock 82 million tokens in the next seven days. A potential catalyst for the…
Crypto is Europe’s answer to Revolut’s fintech dominance
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Revolut’s fintech expansion across Europe and globally is severely constraining the playing field for European fintech founders. Attempting to build a European-scale fintech — which means competing directly with Revolut — has…
Ethereum price confirms inverted H&S as staking queue soars
Ethereum price could be preparing a strong rebound after forming a giant hammer candle and confirming the inverted head-and-shoulders chart pattern as the staking queue jumps to a record high. Summary Ethereum price dropped for three consecutive weeks. The staking queue has jumped to a record high. ETH has formed an inverted head-and-shoulders pattern. Ethereum…
Polygon price double bottoms as Tazapay, Revolut, Paxos, and Moonpay payments rise
Polygon price crashed and erased all the gains it made earlier this year despite its strong fundamentals, including its growing market share in the payment industry and its growing burn rate. Summary Polygon price has crashed and erased most of the gains it made earlier this year. Data shows that its payment transaction volume has…
Bitcoin Crash Mentions Spike at $60K as Crypto Rebounds 13%
Social media mentions of crypto “crash” spiked when Bitcoin fell to $60,000 on February 5, causing an immediate price rebound according to Santiment data. Summary Santiment data shows “crash” mentions spiked as Bitcoin hit $60K on Feb. 5. BTC rebounded 13% to $67K as panic selling marked a local bottom. Arthur Hayes links the selloff…
Bitcoin ETFs See $331M Inflows as BTC Recovers Above $70K
Bitcoin ETFs recorded $330.67 million in net inflows on February 6, ending a three-day outflow streak that drained $1.25 billion from products. Summary Bitcoin ETFs recorded $330.7M in inflows on Feb. 6, ending a $1.25B outflow streak. BlackRock’s IBIT led with $231.6M as BTC rallied 6.6% above $70,000. Ethereum ETFs diverged with $21.4M in outflows,…
XRP price forms hammer candle ahead of permissioned DEX launch
XRP price is slowly forming a giant hammer candlestick pattern, pointing to an eventual rebound, as Ripple prepares the launch of its permissioned DEX features to the network. Summary XRP price has dropped in the last five consecutive weeks as the crypto market crash accelerated. Ripple plans to launch its permissioned DEX tool that will…
Crypto is no longer a ‘crude’ word for companies in the UAE
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Once, the word “crypto” might have made UAE executives nervous. Today, it sparks little, if any, fear. Summary Crypto went from taboo to toolkit: In the UAE, digital assets are no longer…
What’s surging Friday? Bitcoin, Litecoin lead the crypto
Friday’s market saw a notable recovery in cryptocurrency prices, with Bitcoin and Litecoin leading the charge. Bitcoin’s bounce from the $60,000 level helped ease fears of a deeper market correction, as it rose nearly 8% to reclaim the $70,000 mark. This surge also supported riskier altcoins like Litecoin, which is up about 8% for the…
Ethereum price hits key support as funding rate falls
Ethereum price continued its strong downward trend this week, reaching its lowest level since May last year. Summary Ethereum price dropped to a crucial support level as the crypto market crash accelerated. Its liquidations jumped to the highest level in months. Ethereum’s weighted funding rate dropped to its October lows. Ethereum (ETH) token dropped to…
