The crypto market continued its downward trend on Saturday, May 17, with most altcoins erasing some of their recent gains. Bitcoin (BTC) price dropped from this week’s high of $105,000 to $103,000. Some of the top laggards were Pi Network (PI), Bonk (BONK), Floki (FLOKI), and Pudgy Penguins (PENGU), which dropped by over 10%. Top…
Pi Network price continued its downward trend on Saturday as concerns about its centralization and token unlocks remained. Pi Coin (PI) dropped to $0.7040, down by over 57% from its highest point this week. This decline in a volume environment led to a $6 billion wipeout as the market cap moved from $11 billion to…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Just three years ago, spot Bitcoin ETFs were hailed as crypto’s final gateway into mainstream finance. And for a brief moment, they looked like they would truly revolutionise investing. After a flurry…
A little-known crypto token saw sharp volatility today. FIFA surged over 67% in recent days before crashing more than 58% in the past 24 hours, according to CoinMarketCap data. The token, trading under the symbol FIFA and priced at just $0.000000259, briefly drew attention amid speculative rumors that it was linked to the global football…
Bitcoin continues to trade sideways with volatility at multi-day lows. Price remains stuck in a tight range, suggesting a breakout could be imminent as compression reaches its apex over the weekend. Bitcoin (BTC) price action has stalled, maintaining a narrow range for more than a week as volatility steadily declines. With strong technical boundaries at…
Moo Deng has pulled back nearly 40% from its recent highs, but the current correction may be setting the stage for the next bullish leg. A critical support zone is emerging. After an explosive move higher, Moo-Deng (MOODENG) has entered a corrective phase, but this appears to be healthy within the broader bullish structure. Price…
Michael Novogratz, founder and CEO of Galaxy Digital, said the crypto industry is at a turning point as his firm went public on the Nasdaq Thursday under the ticker GLXY. “We started off wanting to be the Goldman Sachs of crypto,” Novogratz said during a CNBC “Squawk Box” interview, recalling early days building out a…
The Centrifuge token surged to its highest level since January ahead of an upcoming token migration and a sharp rise in assets within its ecosystem. Centrifuge (CFG) jumped to a high of $0.2850 on Friday, up 180% from its lowest point this year. The surge pushed its market capitalization to over $106 million. The rally…
Solv Protocol has announced the launch of SolvBTC.AVAX, a modular Bitcoin yield product backed by real-world assets. The Bitcoin (BTC) yield vault is backed by Solv, Avalanche (AVAX), Euler, Elixir, LFJ and Balancer, Solv Protocol said in an announcement. According to the team, the launch of SolvBTC.AVAX aims to further tap into the $1.3 trillion…
Solana price has stalled below $200 as the recent bull run encountered resistance, but ongoing ETF inflows and strong network statistics may support a renewed rally. Solana (SOL) was trading at $171.45 on Friday, down by 7.40% from its highest point this week. This retreat mirrors that of other cryptocurrencies like Bitcoin (BTC) and Hedera…
