Bitcoin experienced a sharp correction this week, with its price falling significantly from recent highs. While macroeconomic factors contributed to the decline, the selling behavior of Bitcoin’s largest holders played a crucial role. The actions of these two major holders, in particular, have had a direct impact on the price. Bitcoin Holders Pull Back Over…
Market analysts are expressing growing optimism about the future of XRP (XRP), the cryptocurrency associated with Ripple. Some highlight a three-year cycle while others cite potential breakouts from major resistance levels that suggest that XRP may be set for a significant rally. These bullish forecasts come as XRP fell below $3 today. This drop was…
ZachXBT called BlockDAG a scam, claiming it made up its recent announcement of a $375 million presale. He issued this warning in response to the community’s strong interest in the project. He offered no concrete proof, instead posting several pieces of circumstantial evidence. For now, it might be best to wait for more information. Could…
The broader crypto market ended last week on a lackluster note. This weakness extended into crypto-related equities, many of which saw sideways or downward pressure. However, some crypto stocks bucked the trend, closing the week with notable gains. Xunlei Limited (XNET) Xunlei Limited’s shares closed Friday’s session at $6.39. This was a 26.53% gain, which…
The week started off on a rocky note as crypto leader, Bitcoin, slid below $116,000. Altcoins followed suit and among them meme coins took a hit as well. However, a few made it out to pain green on the charts. BeInCrypto has analysed three such meme coins, which highlight their direction this week and what…
Stellar (XLM) has shifted momentum today, moving from a bullish stance into bearish territory. At press time, the altcoin is trading near $0.409, reflecting growing caution among market participants. This weakness stems from both overall market conditions and the uncertain behavior of traders attempting to time short-term moves. Stellar Traders Are Unsure XLM traders have…
Leading altcoin Ethereum has trended downward since its failed attempt to reclaim its all-time high on August 13. As sell-side pressure strengthens amid increased profit-taking, ETH’s price has slipped 10% in the past five days and is expected to continue declining. Ethereum Bears Gain Control ETH’s long/short ratio has dropped to a 30-day low, reflecting…
XMR, the token powering the privacy-focused Monero network, has emerged as today’s top gainer with a 4% rise, bucking the broader crypto market decline. The rally comes even as Kraken, one of the world’s largest exchanges, temporarily froze deposits for the token after AI-based protocol Qubic claimed it had gained majority control of the Monero…
Two of Japan’s major corporate Bitcoin Treasuries expanded their reserves last week, underscoring long-term confidence in the asset despite recent market weakness. Metaplanet disclosed a $932 million purchase of 775 BTC on Monday, while Remixpoint added 63 BTC worth $77 million last Friday. The acquisitions come as Bitcoin prices retreat from record highs amid shifting…
Ethereum prices slipped after hitting a near record last week, with analysts warning that a surge of unstaked coins could weigh on the market later this month. The cryptocurrency rose from $3,698 at the start of August to $4,788 last Thursday, its highest level in four years. But as of 9 am UTC on Monday,…