Tag: broader

  • Starknet nosedives 20% amid broader crypto crash: is STRK done plummeting?

    Starknet nosedives 20% amid broader crypto crash: is STRK done plummeting?

    Starknet Price Bearish

    • Starknet price dropped sharply as top cryptocurrencies tumbled to key support levels.
    • On November 18, 2025, STRK plunged nearly 20% to touch lows of $0.17. 
    • STRK plunged as Bitcoin dropped to lows of $89,500.

    Starknet’s native token took a sharp hit as cryptocurrencies bled on Monday, November 17, 2025, with bears extending the dip to Tuesday as STRK plunged nearly 20% to lows of $0.17. 

    At the time of writing, Starknet traded 14% down in 24 hours at around $0.19. The decline contrasted with gains for Internet Computer, Hyperliquid, and others.

    Notably, the altcoin mirrored losses for Zcash, the top privacy coin by market cap, which was also seeing notable profit taking.

    Starknet nosedived 20% amid a broader crypto crash

    As the crypto market entered freefall on November 17, Starknet price plummeted.

    Triggered by a number of factors, including macro jitters and geopolitical tensions, amplified selling pressure across major assets cascaded into altcoins.

    For instance, Bitcoin, the bellwether of the market, shed more than 4% to drop to a low of $89,500.

    The move saw the global market cap fall to $3.13 trillion. Trading volume rose 45% on Nov. 18 to over $247 billion, with the Ethereum price falling to lows of $3,000.

    XRP, BNB, and Solana all recorded significant drops, pushing liquidations to above $1 billion globally.  

    Starknet, which rose amid recent privacy coin gains, followed suit.

    The zero-knowledge proofs-powered layer 2 solution saw its STRK token fall from highs of $0.22 to $0.17. Nosediving 20% allowed bears to erase much of the token’s recent 50% rally.

    As the chart below shows, Starknet price recently notched four straight green daily candles as price touched  high of $0.24. Following Monday’s dip, weekly gains are currently down to about 22%.

    Starknet Price Chart
    Starknet price chart by TradingView

    Is STRK done plummeting?

    Market observers note that while Starknet’s TVL (total value locked) remains robust at over $340 million, the token’s correlation with Bitcoin, left it exposed to the flagship coin’s volatility.

    The timing couldn’t be worse for Starknet. 

    Just this week, the project announced a multi-million dollar program aimed at Bitcoin staking. The milestone aims to bridge the Ethereum and Bitcoin ecosystems through Starknet’s BTCFi offering. 

    As the crypto market dusts off some of the sell-off pressure, finding a floor near the $0.16-$0.17 mark could be crucial for bulls.

    If this happens, STRK could eye $0.24 and potentially one year highs above $0.78. The main target in the short term remains the psychological $1 level.

    The platform’s Bitcoin integration positions it uniquely for cross-chain growth. Bitcoin DeFi growth, especially as Ethereum’s upgrades enhance layer-2 efficiency, adds to the bullish outlook.

    However, in the short term, risks such as a prolonged Bitcoin bear market could allow sellers to seek more pain.

    Bulls saw STRK price fall to an all-time low under $0.04 on October 10, 2025. Current prices nevertheless hover about 305% up since.

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  • 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.

     



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  • Zcash price drops to $190 amid broader crypto pullback

    Zcash price drops to $190 amid broader crypto pullback

    Zcash Price On Market Chart

    • Zcash price dropped to the $190 support level.
    • Macro headwinds also had Bitcoin falling to below $105,000 to trigger further bleeding across crypto.
    • Analysts remain bullish despite the dip.

    Zcash (ZEC) tumbled to lows of $190, with its double-digit declines reflecting widespread market unease.

    Triggered by macroeconomic pressures, most coins plummeted to key levels, including Bitcoin, which retested the $105,500 area.

    Crypto pullback and Zcash price today

    Zcash, the privacy-focused cryptocurrency launched in 2016, experienced a sharp decline on Friday.

    The token dipped to support around the $190 mark as a broader crypto market retracement ensued to see total market liquidations surpass $1 billion.

    ZEC, one of the outperformers in recent weeks, fell below the key support level of $200.

    Moreover, the price declines are accompanied by rising trading volume to reinforce the profit taking.

    Per CoinMarketCap, the daily trading volume for the privacy-focused coin has jumped 26% to over $742 million.

    Meanwhile, the price has fallen nearly 20% in the same time frame.

    Zcash price chart by CoinMarketCap

    Zcash has climbed 260% over the past month, outperforming nearly all of the top 100 cryptocurrencies by market capitalisation.

    The market-wide pullback reflects broader macroeconomic factors, including renewed tensions in the US-China trade dispute and the ongoing US government shutdown.

    Investors who had recently entered Zcash appear to be taking profits after a strong rally fueled by optimism surrounding its zero-knowledge proof technology.

    Zcash has seen a notable surge in institutional interest in recent weeks.

    Grayscale’s Zcash Trust has been a key driver, with assets under management exceeding $92 million — a signal of rising adoption.

    The trust allows traditional investors to gain exposure to ZEC, one of the leading privacy coins, without the operational complexities of holding the asset directly.

    ZEC price forecast

    Major declines across the market came as investors, spooked by the latest news from US regional banks, exited positions.

    Specifically, reports on Friday indicated that two US regional banks have hit the rocks with bad loans.

    Jitters around banking sector risks saw a sharp dump for bank stocks cascade into futures trading on Wall Street.

    A slip for the S&P 500 and the Nasdaq also sent crypto nosediving.

    But Bitcoin’s drop could allow some capital rotation to revive ZEC price, one analyst pointed out on X.

    Correlation among shielded transactions adoption gives this strength.

    Market analysts point to overbought conditions in the short term.

    A look at the Relative Strength Index (RSI) shows a dip into oversold territory, which means a potential reversal.

    Overall, while the $190 mark signals a key demand zone, the $240 mark represents a crucial hurdle.

    ZEC price reached highs of $295 earlier in the month.



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  • ZRO price gains 14% to break above key hurdle, defy broader dump

    ZRO price gains 14% to break above key hurdle, defy broader dump

    ZRO Token

    • ZRO price pops 14% as LayerZero sees a 66% spike in trading volume.
    • The LayerZero Foundation has recently repurchased 50 million ZRO tokens, equivalent to 5% of the total supply.
    • Bulls could target a breakout to $3.25 and then highs above $5 if sentiment holds.

    The LayerZero (ZRO) token is among the altcoins to defy the broader crypto dump today, with ZRO price up 14% in the past 24 hours.

    Gains for LayerZero come as Bitcoin drops below $110,000 and Ethereum under $4,000.

    But like some altcoins across the market, ZRO is seeing an uptick and has broken above the critical resistance zone near $2.20.

    LayerZero price jumps 14% — why is ZRO up today?

    While most altcoins hit downside action, ZRO is surging amid two notable network milestones.

    Potentially, one is the announcement by the LayerZero Foundation of a major token buyback program.

    The move triggered an immediate surge in ZRO’s price, with the altcoin climbing from lows of $1.83 to reach highs of $2.24.

    A dip to retest the support area at $2.00 has nonetheless seen bulls break the key hurdle at $2.25 to hit highs of $2.33.

    ZRO’s uptick aligned with the 50 million token buyback, with about $150 million ploughed back into the market for the tokens.

    Traders reacted positively after the 25 million ZRO token unlock event earlier, with the buyback and market reaction helping to offset sell-off pressure.

    Crucially, the repurchase has tightened supply and could provide more fuel for bulls.

    LayerZero’s recent acquisition of the Stargate cross-chain bridge is another catalyst for ZRO price.

    The Stargate integration, approved by the DAO with 94.7% support, came at a crucial time for LayerZero.

    Plasma, the platform for global money movement, has unveiled its mainnet.

    LayerZero is a key player in the ecosystem, able to bridge liquidity to Plasma via Stargate.

    ZRO price has jumped amid these integrations.

    What’s next for the ZRO price?

    As the LayerZero price rose, trading volume spiked 66% to $173 million in the past 24 hours.

    This suggests bulls are buying at current levels, and ZRO’s market value could benefit further.

    ZRO price chart by TradingView

    The ZRO price outlook also shows bulls are looking to ride a technical breakout.

    On the daily chart, the price has broken above a descending triangle pattern’s resistance line.

    Notably, technical indicators such as the daily RSI and MACD are flashing bullish signals for ZRO.

    Successful retest and breakout from the trendline of a prolonged consolidation phase level will allow buyers to target $3.25 and higher.

    Bulls are currently 53% up on the all-time low of $1.50 reached in March.

    Meanwhile, the all-time high that counts as a short-term target sits about 70% off current prices at $7.53.



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  • Sui price rises as broader crypto market bounces

    Sui price rises as broader crypto market bounces

    • Sui price is poised above $3.60 as bulls target key level.
    • The SUI all-time high price is around $5.35 and achievable as Sui total value locked hits $2 billion.
    • Bulls eye $4.12 resistance, while bears target $3.20 if momentum weakens.

    Sui price has a modest increase over the last 24 hours, but has reached highs of $3.70 as the broader crypto market signals an upward rally.

    Coins such as Ethena, Pendle and Ondo have gained significantly amid Bitcoin’s retest of $115k and Solana’s breakout to $240.

    As the 24-hour trading volume holds around $949 million, the SUI price looks poised for an uptick towards its all-time high above $5.35.

    Decentralized finance and web3 adoption growth see Sui’s position as a frontrunner, potentialy setting the stage for the native token’s surge.

    Sui price surge- what’s fueling bulls’ momentum?

    Sui overcame a network setback in early 2025 when an ecosystem project got hacked.

    The token has since bounced off lows of $1.91 to retest highs of $4.32.

    The Move programming language project has gained attention due to its scalability and interoperability, putting it among the top coins attracting buyer attention.

    While Ethereum and Solana dominate altcoin sentiment, the technical outlook for SUI is setting up bulls for a retest of its ATH.

    Developer activity, daily active wallets and DeFi TVL surge all point to Sui’s strength.

    There are also ecosystem expansions, including the integration of zkLogin for seamless user onboarding.

    As well, Sui has boasted initiatives like the Strategies yield aggregator that amassed millions of dollars in deposits within weeks.

    Sui’s focus on gaming, NFTs, and DePIN projects has diversified revenue streams, with a stablecoin market cap jumping above $793 million.

    Network revenue has increased too, while platforms such as Suilend, NAVI and Bluefin are helping to push the total value locked in Sui protocols across DeFi to over $2 billion.

    The crypto market’s attraction for Wall Street amid a scramble for digital asset treasuries is another catalyst for the Sui price.

    SEC’s impending approval of new crypto exchange-traded funds, including filings for Sui, has also buoyed bulls.

    What’s the price outlook for SUI?

    With multiple signals converging to suggest a breakout above key resistance levels in the near term, trading above $3 is crucial for SUI.

    It may be the step buyers need to maintain a bullish long-term trend.

    Relative Strength Index hovers at 55, and reflects a neutral momentum that gives room for further growth before bulls hit the overbought territory.

    The Moving Average Convergence Divergence also supports an upward run with a bullish crossover.

    Sui price chart by TradingView

    A look at the chart suggests $3.70 is a key level, and breaking the immediate $4.12 resistance could trigger a measured move to $5.

    The all-time high is within range above this level.

    Conversely, a bearish flip will bring Sui price to support around $3.20. Bears may also target buyers’ safety net around $2.61, should any pullback activity strengthen.

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  • AERGO price falls 12%, defies broader crypto surge

    AERGO price falls 12%, defies broader crypto surge

    • Aergo price has dived 12% as Bitcoin and top altcoins rally.
    • The AERGO token falls amid profit-taking after a staggering 300% surge.
    • Bears could eye levels below $0.20.

    Aergo price has dipped further as profit-taking holds, with the altcoin declining even as most altcoins rose in the past 24 hours.

    These losses come after a staggering 300% surge for AERGO seen earlier this month. The token has nosedived despite a major network update.

    “With AERGO 2.7.0, smart contract verification enters a new era. By embedding AI-powered auditing directly into the platform, AERGO ensures contracts are not only deployed faster but with greater confidence in their security and integrity,” the Aergo team wrote.

    The AERGO price action today

    As of April 23, 2025, the price of AERGO hovered near $0.21, down 12% per data from CoinMarketCap.

    The decline comes amid heightened volatility, with the token’s meteoric rise having given way to massive selling pressure.

    Notably, like other recent explosive tokens such as VOXEL, Aergo has seen a significant spike in concerns over potential market manipulation.

    Analysts have also pointed to potential insider selling, a 44% drop in a single day recently exacerbating the concerns.

    Market analyst Ash Crypto shared in a post on X:

    As AERGO price falls, altcoins such as Deepbook, Zerebro, and Sui have surged in the past 24 hours.

    ETH, XRP, and SOL have led the mega cap alts higher also.

    The upside follows Bitcoin (BTC) edging past key resistance levels to regain $94k.

    BTC’s surge comes amid a weaker US dollar and strong institutional buying, with news on tariffs and other factors catalysing gains.

    Spot Bitcoin exchange-traded funds have also shown strong institutional demand, aligning inflows with Bitcoin’s resilience.

    This means AERGO’s pullback stands out, including the 10% decrease in daily volume.

    AERGO price analysis

    Despite today’s dip, AERGO remained up 222% in the past month, reflecting the recent strength of the altcoin’s surge.

    However, AERGO’s price action reflects a classic post-pump correction.

    After surging to an all-time high near $0.70 on April 16, driven by Binance’s perpetual contracts and DigiFinex’s USDT trading pair listing, the token faced intense selling pressure.

    It means bulls have a lot to do to reclaim recent peaks.

    On the upside, AERGO faces resistance at $0.23 and $0.28, with a break above potentially targeting $0.42.

    The flipside has a dip below $0.20 and a retest of $0.16 and $0.12.

    If Bitcoin sustains its rally and altcoin sentiment continues to be positive, it will be interesting to watch what AERGO does. Will bulls rebound, or are concerns set to push prices lower?



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