bitcoinlfg

Author: BTCLFGTEAM

  • UNI soars 12% as Uniswap v4’s $200B milestone fuels bullish momentum

    UNI soars 12% as Uniswap v4’s $200B milestone fuels bullish momentum

    UNI soars 12% as Uniswap v4’s $200B milestone fuels bullish momentum

    • Uniswap v4 has surpassed $200 billion in swap volume.
    • The breakthrough has renewed interest in Uniswap.
    • The update coincides with an over 10% increase in native UNI’s price.

    Cryptocurrencies recorded substantial gains on Monday after the United States Senate voted to end the ongoing government shutdown.

    Amidst the broad-based optimism, UNI extended its daily gains by over 12% as Uniswap Labs celebrated a remarkable breakthrough.

    The team protocol took it to X to confirm that Uniswap v4 has handled over $200 billion in swap volume, making it one of the most active networks in the DeFi industry.

    Notably, Uniswap released the version 4 upgrade in January this year to increase efficiency, reduce costs, and enhance developer activity through customized liquidity pools.

    The massive swap volume underscores demand and interest in the past months.

    The announcement coincided with UNI’s recovery.

    Moreover, it has sparked renewed interest in the DEX. The timing is also crucial.

    As the overall cryptocurrency market regains momentum, the $200 billion swap volume reflects Uniswap’s key role in decentralized trading.

    Enthusiasts react to rising activity

    The decentralized exchange sees renewed optimism from DeFi players and retail traders.

    UNI’s surge coincides with increased trading volumes across leading exchanges.

    Coinglass data shows Uniswap’s Open Interest has climbed to $344 million after a sharp rise today.

    Meanwhile, market watchers perceive the $200 billion milestone as a sign of a vibrant chain driven by demand, not only short-term stats.

    The robust swap volume reflects active participation, stable liquidity, and confidence in Uniswap’s future potential.

    One crypto enthusiast and X user:

    “While others talk decentralization, Uniswap quietly becomes the backbone of DeFi. $200B speaks louder than any narrative.

    Why is Uniswap v4 unique?

    Released in January 2025, Uniswap’s v4 upgrade introduced key changes in decentralized trading systems.

    For instance, the version introduces hooks, a mechanism that allows developers to create liquidity pools with custom features.

    That welcomed innovations like automated strategies, dynamic fees, and streamlined user experience.

    V4 has gradually gained traction among liquidity providers and developers since launching.

    Meanwhile, crossing $200 billion in swap volume confirms that the upgrade introduced practical improvements.

    At a time when the decentralized trading space sees intense competition from perpetual DEXs like Hyperliquid and Aster, Uniswap’s growth remains remarkable.

    The $200 billion swap volume signals the protocol’s relevance amid shifting preferences.

    UNI price outlook

    Uniswap’s native token traded in green as the community cheered the $200 billion swap volume.

    UNI climbed from $6.40 to $0.78 in the past 24 hours, a roughly 12% uptick.

    It is trading at $6.90 after correcting from intraday highs, with soaring trading volumes signaling renewed enthusiasm.

    While the swap volume milestone signals a brighter future for UNI, broader sentiments will shape its short-term performance.

    Continued overall market recoveries would extend the alt’s rally, whereas sudden selling pressure might erase the gains.

    Share this article
    Categories
    Tags



    Source link

  • Starknet (STRK) price soars 30%, but why is the altcoin rising?

    Starknet (STRK) price soars 30%, but why is the altcoin rising?

    Starknet (STRK) price soars 30%

    • Starknet (STRK) price technical breakout signals bullish momentum with new resistance near $0.214.
    • Bitcoin staking and BTCFi incentives drive STRK adoption and network growth.
    • S-Two prover deployment has also boosted throughput, privacy, and decentralisation on Starknet.

    Starknet (STRK) price has surged dramatically in recent days, catching the attention of traders and crypto enthusiasts alike.

    The altcoin has gained more than 30% in just 24 hours, fueled by a combination of technological upgrades, strategic integration with Bitcoin, and renewed market optimism.

    This sudden upswing has sparked questions about what is driving STRK’s momentum and whether the altcoin can sustain its gains in the near term.

    Bitcoin staking boosts STRK utility

    One of the primary drivers behind the rally is Starknet’s BTCFi initiative, which allows Bitcoin (BTC) holders to stake their BTC and earn STRK rewards while maintaining custody.

    The program has already attracted significant capital, with over $200 million staked on the network, including 880 million STRK and 835 BTC, according to the latest reports.

    By tapping into Bitcoin’s massive $2.1 trillion market capitalisation, Starknet positions STRK as a key rewards token and a practical asset for paying network fees.

    The BTCFi ecosystem expansion not only strengthens Starknet’s liquidity but also enhances its cross-chain utility.

    Investors are closely monitoring total value locked (TVL) in Bitcoin staking, which currently sits at around $1.5 billion, to gauge continued adoption and the altcoin’s potential growth.

    The influx of BTC and STRK into the network has bolstered confidence in the protocol’s future, creating a clear catalyst for the recent price surge.

    S-Two Prover accelerates adoption and decentralisation

    Another major factor propelling STRK is the deployment of StarkWare’s next-generation S-two Prover.

    Released on the mainnet a few days ago, this open-source zero-knowledge proof system is designed to increase throughput, reduce verification costs, and strengthen decentralisation.

    By producing validity proofs for every block up to ten times faster than its predecessor, the S-two prover allows real-time verification of off-chain transactions and supports new types of applications, from private DeFi protocols to zk-secured games and verifiable AI.

    S-two is designed to operate efficiently even on consumer hardware, meaning that anyone can participate in the network without relying on centralised data centres.

    This advancement not only improves network security and censorship resistance but also significantly enhances user experience.

    The combination of speed, privacy, and accessibility makes Starknet a more compelling platform for developers and investors alike, contributing directly to bullish sentiment surrounding STRK.

    Market analysts also note that the recent surge is supported by optimism surrounding Starknet’s v0.14.0 upgrade.

    The update introduces distributed sequencers, 6-second blocks, and EIP-1559-style fee burns, all of which improve decentralisation and network efficiency.

    While early migration caused temporary outages, the upgrade underscores Starknet’s commitment to building a secure, scalable Layer 2 ecosystem that can interact with both Ethereum and Bitcoin.

    Technical breakout fuels the STRK price rally

    From a technical perspective, STRK has confirmed a major bullish breakout.

    The altcoin surpassed the 38.2% Fibonacci retracement level at $0.1343 and remains above the 30-day simple moving average of $0.1216.

    Starknet price chart
    Starknet price chart | Source: CoinMarketCap

    Momentum indicators such as the RSI and MACD show strong upward trends, signalling that the altcoin has invalidated much of its previous yearly downtrend.

    With resistance set near $0.214, traders should closely watch whether the current momentum can push STRK to new highs.

    Share this article
    Categories
    Tags



    Source link

  • Arweave (AR) price forecast as it rides the DePIN sector momentum

    Arweave (AR) price forecast as it rides the DePIN sector momentum

    Arweave (AR) price forecast

    • Arweave price has rallied 25.5% today, leading the DePIN sector surge.
    • Arweave Day Asia has boosted the AO ecosystem and developer interest.
    • The immediate support sits at $5.03 while the resistance is found near $6.31.

    Arweave (AR) price has witnessed a powerful 25.5% rally in the past 24 hours, outpacing both the broader crypto market and its peers in the Decentralised Physical Infrastructure Networks (DePIN) sector.

    This comes amid renewed investor interest in decentralised storage projects as traders position themselves for a potential long-term breakout.

    DePIN sector sees renewed interest

    The DePIN sector has captured attention this week, surging 10.93% as investors rotate into decentralised infrastructure plays.

    Arweave (AR) and Filecoin lead the charge, posting impressive 37.9% and 51.8% weekly gains, respectively, coinciding with growing awareness of the risks tied to centralised cloud providers like AWS and Microsoft, which recently experienced widespread outages.

    The Microsoft and AWS outages have underscored the need for resilient, decentralised storage systems — an area where Arweave’s permanent storage model shines.

    By offering a censorship-resistant, immutable data layer, Arweave positions itself as a reliable alternative to traditional cloud giants.

    Traders and enterprises alike are beginning to recognise this value, as reflected in the 348% surge in Arweave’s 24-hour trading volume.

    Analysts note that Arweave’s technology offers more than just decentralised storage; it provides long-term data permanence.

    With Layer 2 networks such as Starknet and Optimism exploring Arweave for archiving purposes, the token’s fundamentals appear increasingly robust.

    If enterprise and blockchain adoption continue to expand, AR could cement its role at the heart of the DePIN movement.

    Arweave Day Asia adds fuel

    Arweave Day Asia, held in early October, played a major role in fueling optimism around the AR price.

    The event showcased AO, Arweave’s decentralised computing framework, and introduced “DevBot,” a tool that allows AI-generated decentralised applications to be deployed directly on Arweave’s network.

    Attendees witnessed live demonstrations of dApp creation, customised digital merchandise, and network upgrades — all aimed at lowering the barriers to decentralised development.

    The event generated significant excitement among developers and investors, reinforcing Arweave’s image as a versatile ecosystem rather than a single-purpose storage project.

    This renewed confidence in AO’s potential has added a strong narrative tailwind.

    Developers are increasingly drawn to the idea of building AI-assisted, on-chain applications that live permanently on Arweave.

    This has, in turn, contributed to sustained bullish sentiment, helping AR extend its gains amid a broader market slowdown.

    Arweave (AR) price analysis

    Technically, the Arweave (AR) price has broken key resistance levels, signalling growing bullish momentum.

    After crossing the 23.6% Fibonacci retracement at $5.03 and the 30-day simple moving average at $4.22, AR now eyes the next resistance at $6.31.

    The relative strength index (RSI) remains moderate at 64, suggesting room for further upside before approaching overbought territory.

    CoinLore’s analysis supports this outlook, emphasising that AR must hold above $4.82 to maintain its bullish structure.

    A sustained move above $6.20 could pave the way toward $8.31 and $10.40.

    On the downside, failure to defend $4.82 might open the door to deeper corrections toward $1.32, a level last seen during previous market cycles.

    Meanwhile, long-term projections remain highly optimistic.

    Analyst Render With Me identifies immediate support between $9.15 and $13.27, suggesting that the token could consolidate before pursuing a more ambitious rally.

    Render With Me’s forecast places short-term targets between $25.31 and $28.17, with a long-term horizon aiming as high as $61.97 to $71.46 if market and sector conditions align.

    However, sustaining momentum above the $5.03–$6.31 range remains critical as overall crypto liquidity declines.

    Share this article
    Categories
    Tags



    Source link

  • NEAR surges 24% as bulls break key resistance

    NEAR surges 24% as bulls break key resistance

    Bitcoin Soared Amid Wall Street Gains

    • NEAR price rose more than 20% to highs of $2.34.
    • The uptick comes amid gains for several altcoins despite ongoing crypto market weakness.
    • Bulls reclaiming the $2 mark could allow them to target $4.6 for a fresh 100% rally.

    NEAR Protocol’s native token has skyrocketed 24% in the past 24 hours, shattering a persistent resistance barrier and reigniting investor enthusiasm amid broader cryptocurrency volatility.

    NEAR currently trades at $2.27, slightly off the intraday high of $2.34 that marked its highest level since mid-October.

    Gains signal a potential shift in sentiment as multiple tokens eye bounce, including Tezos (XTZ).

    NEAR price today

    NEAR’s bullish performance has seen the token climb from lows of $1.83 to fresh highs of $2.34 in the past three days.

    Although the price is slightly off the intraday peak, market data shows aggressive buying.

    Per CoinMarketCap data, the token’s daily trading volume increased by over 300% to $753 million.

    It’s a significant show of conviction from bulls and the main metric behind the NEAR price breakout.

    Ostensibly, the move saw bulls decisively clear the $2.00 psychological resistance, allowing them to target fresh momentum.

    This outlook could gain additional tailwinds from parallel developments in the privacy sector.

    In particular, this is a market where Zcash (ZEC) has exploded nearly 700% in the past month, drawing renewed attention to shielded transactions and anonymous DeFi.

    Zcash’s resurgence is closely tied to NEAR’s innovative Intents protocol, a cross-chain coordination layer that simplifies complex swaps while preserving user privacy.

    Zcash’s official Zashi wallet has deepened its integration with NEAR Intents, enabling seamless on-ramps and off-ramps for shielded ZEC conversions from assets like BTC, SOL, and USDC.

    For NEAR, the linkage amplifies its appeal as the “blockchain for AI,” where Intents not only streamlines interoperability but also embeds privacy-by-design features.

    As Zcash’s shielded pool nears 30% of its supply, NEAR benefits from the spillover, with ecosystem projects like OceanPal committing $120 million to treasury-backed intents.

    Is NEAR price poised for a 100% bounce?

    The technical outlook for NEAR paints a decidedly bullish picture, with key indicators aligning for a possible 100% bounce from current levels toward $4.60.

    The Relative Strength Index (RSI) on the daily chart has surged to 51, hitting neutral territory after dipping into oversold readings of 28 on Nov. 4.

    Meanwhile, the Moving Average Convergence Divergence (MACD) histogram has flipped positive, with the line crossing above the signal.

    This suggests a potential bullish divergence, similar to what preceded NEAR’s June-July rally from $1.97 to $3.12.

    Trading volume, already elevated, shows sustained spikes, averaging the breakout above $2.00 as genuine rather than a fleeting pump.

    A sustained hold above $2.30 could trigger a breakout.

    NEAR Chart
    NEAR price chart by TradingView

    However, downside risks remain as the price hovers near $2.00.

    If the confluence of current support fails, bears could push the token’s value well below the psychological mark.

    Nonetheless, as Zcash’s boom reflects demand for secure, intent-based DeFi, NEAR stands to benefit from traction.

    Share this article
    Categories
    Tags



    Source link

  • Bitcoin’s new problem: it’s not leverage, it’s long-term holders cashing out

    • Long-term holders have sold approximately 400,000 Bitcoin ($45B) in the past month.
    • This sell-off is driven by spot markets and fading conviction, not high leverage.
    • Bitcoin fell below the key $100,000 level for the first time since June.

    Bitcoin has once again slipped below the critical $100,000 mark, but the force driving this latest downturn is different and potentially more concerning for the market.

    Unlike the leverage-fueled crash in October, this sell-off is being driven by a quieter, more sustained exodus: long-term holders are cashing out, creating a $45 billion supply glut that is testing the market’s conviction.

    The original cryptocurrency fell as much as 7.4% on Tuesday, marking a more than 20% decline from its record high a month ago.

    While it has since staged a modest recovery, the nature of the selling pressure suggests a fundamental shift in market dynamics.

    From forced liquidations to fading conviction

    The key difference in this downturn is the source of the selling.

    While October’s crash was defined by a cascade of forced liquidations from overleveraged traders, the current slide is being led by a steady drumbeat of selling in the spot market.

    According to Markus Thielen, head of 10x Research, long-time Bitcoin holders have offloaded approximately 400,000 Bitcoin over the past month—an exodus valued at around $45 billion.

    This sustained selling from seasoned investors is creating a market imbalance that new buyers are struggling to absorb.

    This analysis is supported by on-chain data.

    “Over 319,000 Bitcoin has been reactivated in the past month, mainly from coins held for six to twelve months — suggesting significant profit-taking since mid-July,” Vetle Lunde, head of research at K33, told Bloomberg.

    The whale problem: big buyers are disappearing

    With market leverage now relatively muted, attention has turned to the large, long-time holders who are choosing to sell.

    Thielen told Bloomberg that “mega whales”—entities holding between 1,000 and 10,000 Bitcoin—began offloading large volumes earlier this year.

    For a time, institutional players were able to absorb this supply, leading to choppy, sideways price action.

    However, since the October crash, broader demand has faded, and the accumulation by smaller whales (holding 100 to 1,000 Bitcoin) has dropped sharply.

    The result is a growing imbalance between sellers and buyers. “The whales are just not buying,” Thielen said.

    What comes next? A path to further declines

    This sustained selling from long-term holders could have lasting implications.

    Thielen warns that the current unwind could continue well into next spring, drawing parallels to the 2021–2022 bear market, where large holders sold over one million Bitcoin over the course of nearly a year.

    “If this is a similar pace,” he said, “we could see this situation going on for another six months.”

    While not predicting a catastrophic crash, Thielen sees room for further declines as the market consolidates.

    “I am not a believer in the cycle,” Thielen said, “but I would assume that we sort of consolidate and potentially drift even a bit lower from here. $85,000 is my maximum downside target.”

    Share this article
    Categories
    Tags

    Source link

  • ZKsync price jumps above $0.06 with 87% weekly gains amid major token utility overhaul

    ZKsync price jumps above $0.06 with 87% weekly gains amid major token utility overhaul

    ZKsync Price Gains

    • ZKsync price gained by 11% and hit a high of $0.068.
    • Gains came as bulls hold steady and weekly uptick climbs to 87% amid Atlas upgrade.
    • ZKsync has also received endorsement from Ethereum co-founder Vitalik Buterin.

    ZKsync surged by more than 11% in intraday gains on November 5, 2025 to hit highs above $0.068 as upbeat sentiment held.

    With key announcements regarding major enhancements to ZK token utility, the altcoin’s price has extended gains to over 87% in the past week.

    Renewed interest in the token has also come amid a key boost by Ethereum co-founder Vitalik Buterin.

    ZKsync price extends weekly gains to 87%

    Despite a widespread downturn in the cryptocurrency market, ZKsync’s ZK token has demonstrated impressive strength.

    Bulls defied the crash to reach new highs of $0.068, with an 11% price increase that also boasted a 21% spike in daily trading volume for ZK.

    Per CoinMarketCap, ZKsync’s daily volume hit an impressive $499 million over the past 24 hours.

    Like Aster, Bitget Token and Hyperliquid, ZK Bulls are showing resilience. It trades near $0.061, off intraday highs but still above session lows of $0.049.

    Analysts suggest that ZK’s ability to hold steady as trading volumes remain elevated may allow bulls to target $0.10, a level last seen in March.

    Notably, ZK has traded in a downtrend since rejecting highs of $0.26 in early December, 24..

    ZKsync token to get major utility overhaul

    The catalyst behind ZK’s recent rally looks to be the community’s reaction to a proposed upgrade that seeks a comprehensive overhaul of ZK token utility.

    Atlas upgrade brings this possibility, a major enhancement set to amplify the ZK token’s functionality.

    By expanding the token’s use cases, the upgrade aims to create a more robust economic model, where ZK serves not only as a governance tool but also as a conduit for value accrual from off-chain activities.

    “This proposal presents a high-level direction for $ZK token utility,” said Alex Gluchowski, founder of ZKsync and CEO of Matter Labs.

    He elaborated on the strategic intent, noting that the changes are designed to unify on-chain and off-chain value flows.

    “Under this proposal, value generated from such enterprise components would flow into the same governance-controlled mechanism as on-chain value. In practice, this means establishing structures through which licensing-based revenue can return to the network and enter the same ZK buyback and allocation pathways, preserving a single unified economic loop,” the ZKsync co-founder noted.

    Also buoying ZKsync price this past week has been a recent endorsement from Ethereum co-founder Vitalik Buterin.

    Buterin’s public support has added significant credibility, emphasizing the protocol’s alignment with Ethereum’s scaling vision and its potential to drive mass adoption.

    The Ethereum co-founder has long advocated for zero-knowledge technology, which is ZKsync’s focus.

    As the ecosystem matures, stakeholders anticipate increased DeFi activity.

    Share this article
    Categories
    Tags



    Source link

  • Bitcoin tests $100K support after massive liquidation event rocks market

    Bitcoin tests $100K support after massive liquidation event rocks market

    Bitcoin tests $100K support after massive liquidation event rocks market

    • Bitcoin briefly fell to $100,000 after a sharp market-wide sell-off.
    • Over $1.6 billion in leveraged long positions were liquidated in 24 hours.
    • The crash was fueled by “risk-off” sentiment and Fed rate cut uncertainty.

    The cryptocurrency market was rocked by a wave of forced selling late Monday, triggering a sharp downturn that saw Bitcoin briefly touch the $100,000 level and erased more than $1.6 billion in leveraged bullish positions.

    The sudden deleveraging event, one of the largest since September, sent a shockwave across the digital asset space, with major altcoins like Ether, Solana, and XRP posting heavy losses as renewed macroeconomic fears spooked investors.

    The core of the market’s turmoil was a massive cascade of liquidations. In the last 24 hours, more than $2 billion in crypto futures contracts were forcibly closed, with long traders—those betting on higher prices—accounting for nearly 80% of the losses at $1.6 billion, according to CoinGlass data.

    This automatic selling pressure occurs when traders using borrowed funds see their positions move sharply against them, forcing exchanges to sell the assets to cover losses. 

    Macro headwinds and risk-off sentiment

    The sell-off was fueled by a broader “risk-off” mood spreading across financial markets.

    Analysts pointed to a combination of factors that are making investors nervous and prompting them to shed speculative assets.

    “Recent speculation that the FOMC may pass on another rate cut this year, as well as concerns over tariffs, credit market conditions, and equity valuations, helped drive markets lower,” Gerry O’Shea, head of global market insights at Hashdex, said in an email to CoinDesk.

    He added that Bitcoin’s price has also been affected by profit-taking from long-term holders, which he described as “an expected phenomenon as the asset matures.”

    Bitcoin at a crossroads: a test of support

    Following the plunge, Bitcoin staged a modest rebound to trade around $101,000. However, the token remains down 5.5% over the past day and more than 10% for the week.

    The pain was more severe for altcoins, with Ether dropping 10%, while Solana and BNB lost 8% and 7% respectively.

    Despite the sharp downturn, some analysts believe the long-term picture for Bitcoin remains positive.

    “While $100,000 may be a psychologically important support level, we do not view today’s price action as a sign of a weakening long-term investment case for Bitcoin,” O’Shea said.

    With the Federal Reserve’s next move uncertain and global risk appetite fragile, the coming days will be a crucial test for the market, determining whether Bitcoin can hold its current level or if another wave of forced selling is on the horizon.

    Share this article
    Categories
    Tags

    Source link

  • Bittensor (TAO) plunges 16% amid broader crypto sell-off

    Bittensor (TAO) plunges 16% amid broader crypto sell-off

    Bittensor TAO Token

    • Bittensor’s token plunged 16% in 24 hours to hit lows of $389.
    • Losses for the top artificial intelligence coin came amid profit-taking following a recent spike.
    • Fed’s hawkish stance, the Balancer exploit, and AI-capital rotation has fueled risk-off sentiment.

    Bittensor’s native token, TAO, has tumbled 16% over the past 24 hours, dipping to lows of $389 as it outpaced the artificial intelligence sector’s overall decline of 9%.

    Losses for Bittensor came as Bitcoin slipped to near $100,000, and the total market capitalization dropped to under $3.4 trillion.

    While analysts remain bullish for BTC and the broader market, investors are grappling with a confluence of macroeconomic pressures.

    Sector-specific headwinds are also in play and could add to declines driven by panic selling.

    Bittensor’s TAO plunges amid profit-taking

    Bittensor is a decentralized machine learning protocol that incentivizes collaborative AI model training through its blockchain.

    The native token TAO’s price has outperformed recently, tapping into gains for AI-related stocks like Nvidia.

    However, the token’s value cratered to $3.89, marking a 16% intraday loss.

    Bulls have attempted a recovery, but the price hovers at $400, down from highs of $488.

    Meanwhile, trading volume surged 17% to $712 million, a scenario that reflects the heightened panic selling.

    Like across the broader market, this comes as retail and institutional holders liquidate positions on jitters around the waning AI-driven rally.

    The plunge appears exacerbated by profit-taking following the launch of Europe’s first staked TAO exchange-traded product (ETP) by Safello.

    It initially sparked a major rally, but bulls have since failed to sustain momentum.

    Broader crypto market sell-off

    The cryptocurrency ecosystem has suffered a substantial loss, with over $250 billion evaporating in market value within 24 hours, culminating in a 5.8% contraction in overall market capitalisation to $3.4 trillion.

    Bittensor’s underperformance against Bitcoin, down 6% to near $100,000, and top altcoins, in relative terms, highlights TAO’s vulnerability in a risk-off environment.

    Sentiment is in the fear zone.

    This outlook sees Ethereum down 8% to $3,340, breaching key support at $3,550 and erasing 18% over the week.

    Solana and XRP have also posted key losses, and liquidations across derivatives markets exceeded $1.13 billion.

    A lot of the downbeat sentiment is the reaction to Federal Reserve officials’ remarks that have cut bets for a December rate cut.

    Meanwhile, Wall Street jitters have seen US spot Bitcoin and Ethereum ETFs log four consecutive days of outflows.

    The Balancer crypto hack incident also dented sentiment.

    “The latest $128M Balancer exploit is a reminder of something fundamental: most smart contracts today rely on audit-based hope. Developers write complex code, auditors review it, and everyone hopes there are no hidden logic flaws. But hope isn’t assurance,”Bitcoin finance platform Blockstream noted on X.

     

    Share this article
    Categories
    Tags



    Source link

  • Altcoins today: Perpetual tokens shed over $2B as ETH slips under $3.5K

    Altcoins today: Perpetual tokens shed over $2B as ETH slips under $3.5K

    Altcoins today: Perpetual coins shed over $2B as ETH slips under $3.5K

    • Alts suffered a bloodbath on Tuesday as Ethereum surrendered a key level.
    • Perpetual tokens lost over $2B amid broader sell-offs.
    • New US sanctions on North Korea fuel fears of stiffer crypto regulations.

    Digital assets saw another dip today, as Bitcoin fell to $102,425 after losing nearly 4% of its value over the past 24 hours.

    Altcoins extended their declines as Ethereum plummeted by over 6% to $3,401.

    The global cryptocurrency market lost 3% the previous day to $3.43 trillion.

    Amidst the broader bloodbath, tokens linked to perpetual decentralized exchanges appeared to suffer the most.

    According to Coingecko data, the value of perp tokens reduced from $18.511 billion to $16.381 billion in the last 24 hours.

    That’s a roughly 13% dip, reflecting significant bearishness within a sector that many anticipate to shape the next stage of crypto evolution.

    Top tokens in the category, including ASTER, HYPE, and JUP, have lost more than 10% of their value within the past day.

    Perpetual tokens exhibit heavy selling pressure, signaling more downtrends before potential bounce-backs.

    Sanctions stir uncertainty over regulation

    The cryptocurrency market has experienced faded sentiments lately.

    Various developments contribute to the current bearish mode.

    For instance, the Fed Governor magnified uncertainty over December interest rates with his latest remarks on Bloomberg Surveillance.

    Also, bears thrived after the DeFi platform Balancer suffered an over $100 million hack.

    Further, Stream Finance’s decision to freeze withdrawals and subsequent de-peg of its stablecoin added fuel to the fire.

    The US Treasury Department crashed the struggling market after announcing new sanctions targeting North Korean crypto activities.

    The Office of Foreign Assets Control confirmed sanctions against entities and individuals involved in information technology worker fraud and crypto-associated crime used to fund North Korea’s missile programs.

    The post detailed:

    Over the past three years, North Korea-affiliated cybercriminals have stolen over $3 billion in cryptocurrency. Often using sophisticated techniques such as advanced malware and social engineering.

    Meanwhile, the announcement triggered panic across the markets as it hinted at stiffer cryptocurrency regulations and possibly aggressive enforcement moves.

    Such developments might catalyze a regulatory domino effect where DeFi projects and exchanges face intensified scrutiny.

    Market players potentially began reducing exposure as the sanctions updates surfaced, accelerating the broader sell-offs.

    Crypto market outlook

    The cryptocurrency market displays substantial selling pressure.

    Coinglass data shows liquidations surged past $1 billion over the past 24 hours.

    Long positions suffered the most at $845 million, with shorts at $183 million.

    Bitcoin lost the key support zone at $107,500 during the latest decline from weekly highs of above $115,300.

    It looks poised for extended dips to the psychological level at $100,000 before setting a clear trajectory.

    Thus, altcoins, including perpetual tokens, will likely plummet further from their current price levels before stabilizing and potentially bouncing back.

    Share this article
    Categories
    Tags



    Source link

  • Decred defies market downtrend, jumps to 4-year high: analysts see path to $100

    Decred defies market downtrend, jumps to 4-year high: analysts see path to $100

    Decred Price Bullish

    • Decred price jumped to highs of $65 before paring gains to a key support level.
    • Gains came as privacy coins Zcash and Dash also spiked to the defy broader market dump.
    • DCR could target $100 next after hitting the four-year highs.

    As top coins slip to or below key levels, Decred (DCR) and a few others have bucked the trend with notable spikes.

    The widespread cryptocurrency market slump has seen Bitcoin, Ethereum, and XRP fall sharply, yet Decred is soaring to heights not witnessed since 2021. All this comes as Zcash and Dash stand out amid the ongoing resurgence of privacy-focused assets.

    Decred jumps to 4-year high of $65

    Decred’s price exploded more than 150% in 24 hours to touch a four-year peak above $65, with this coming amid a broader crypto downturn.

    The breakout follows bulls decisively breaching the resistance of a long-term falling wedge, with $40 a key level that allowed DCR to hit highs of $65.78. While the pattern remains in place on the longer term time frame, a little paring of gains has Decred price near $40 and risking profit taking flip.

    What fueled the early Tuesday surge was a staggering increase in trading volume, which skyrocketed over 1,100% to over $172 million. It offered a glimpse of the sharp buyer interest in the coin as privacy coins see traction.

    Zcash, Dash also surge

    Decred’s gains mirrored a broader revival in the privacy coin sector, where Zcash (ZEC) and Dash (DASH) have recently defied bears. In October, Zcash and Dash both rose to key levels, the ZEC spike seeing the altcoin hit 7-year highs.

    While Zcash has been the frontrunner in this pack, privacy coins such as DASH, Railgun, Horizon, Tornado Cash, and Verge have notched gains.

    Can Decred price go to $100 next?

    What privacy coins’ collective rally speaks to is a market rotation, with assets offering financial anonymity and robust fundamentals attractive.

    In this case, Decred stands out for its hybrid proof-of-work and proof-of-stake model, which emphasizes decentralized governance and enhanced security.

    The project recently highlighted its privacy credentials, noting non-custodial peer-to-peer mixing with post-quantum encryption. Users can mix coins while staking for untraceable histories and anonymous governance.

    Also key is DCR’s finite 21 million coin cap, pointing to a potential supply shock as holdings on exchanges like Binance continue to decline.

    Analyst Captain Faibik pointed to a potential spike in DCR price.

    While currently trading at $40.24, Decred still has potential for strong upward momentum.

    However, bulls have to show they are firmly in control by maintaining support above the $40 level. This could pave the way for further gains, potentially targeting $70 or beyond. Bulls hitting $65 means a fresh rally could bring $100 into play.

    On the flipside, $32 and $25 could be key demand reload zones.

    Share this article
    Categories
    Tags



    Source link