The founders of cryptocurrency analytics firm Glassnode have warned that altcoins could lose all bullish momentum after last week’s market correction. Jan Happel and Yann Allemann, who go by the name Negentropic on social media platform Last 7 days. According to the Glassnode co-founder, unless Bitcoin recovers a key psychological price point, traders and investors are likely to take a risk-averse approach to altcoins. “Is this the end of altcoin season? Bitcoin dominance is surging after falling below $100,000, with the altcoin losing important support. The BTC environment has become stronger as dominance has risen and the upward trend has…
Author: Crypto Flexs
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$WIF is down 34%, $OP is down 32%, $PEPE is down 28%, and $SOL is down 20% over the past 7 days, resulting in a very turbulent period and prompting questions about whether altcoin season will ever happen. I ordered it. . As investors navigate this challenging environment, it is essential to examine the factors contributing to this decline and identify potential opportunities amidst the disruption.Biggest losers in the last 7 daysAmong the altcoins that have seen the biggest declines over the past week are:• $WIF: A loss of 34% serves as a prime example of why we should always…
According to analysts, SOL’s oversold condition could present a great buying opportunity. Despite weak market sentiment, SOL hit key confluence support at $175. Solana (SUN) It has been the most oversold top altcoin, but according to some experts, a drop of more than 30% could be a good buying opportunity. According to pseudonymous analyst Marty Party, SOL’s daily Relative Strength Index (RSI) has fallen to levels last seen in mid-2023. According to Marty, this was an ideal place to buy altcoins. Source: X Will $180 hold up? Since the November high, SOL has fallen from $264 to a low of…
Coinbase’s latest 2025 market outlook identifies tokenization, the DeFi revival, and the shift to cryptocurrency-friendly regulation in the U.S. as key trends for the coming year.Coinbase expects 2025 to be a pivotal year for U.S. cryptocurrency legislation after years of ambiguous regulation. The exchange said these developments could redefine how cryptocurrencies are integrated with traditional financial and regulatory systems in the future. Pro-crypto regulationsAccording to the exchange, bipartisan pro-crypto advocates in Congress signal favorable changes that will transform the regulatory framework from an obstacle to a catalyst for industry growth. Additionally, tHe further solidified the evolving attitude among lawmakers by…
Securitize, the brokerage firm for the tokenized BlackRock USD Institutional Digital Liquidity Fund (BUIDL), has submitted a Frax enhancement proposal to add BUIDL as backing collateral for the Frax USD stablecoin.According to the proposed enhancements, using BUIDL as a collateral reserve asset provides return opportunities, deeper liquidity and transfer options, and reduced counterparty risk thanks to the support of BlackRock, the world’s largest asset manager.The proposal is still subject to a community vote before BUIDL, which invests in U.S. government securities, is added as a reserve asset for the proposed Frax USD stablecoin.Tokenized real assets (RWAs) are gaining popularity as…
Gud Tech, Zircuit’s First AI Expo Launch, Staking Value Exceeds $9M – Chainwire housenewsroomGud Tech, Zircuit’s First AI Expo Launch, Staking Value Exceeds $9 Million We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over…
A market buzz like no other.The cryptocurrency market is abuzz as the internet’s beloved meme coin, Dogecoin (DOGE), continues to make headlines. As speculation grew that DOGE could potentially surpass $10 during this bull market, investors are starting to pay more attention. Whether you are an experienced trader or new to cryptocurrency, now is the time to explore what can drive the price of Dogecoin and how you can make money.Dogecoin’s Journey: From Meme to Serious CompetitorLaunched as a joke and inspired by a viral meme in 2013, Dogecoin quickly established its own identity within the cryptocurrency space. Fast forward…
Bitcoin (BTC) is down about 8% for the week, but it is a positive sign that bulls have been aggressively buying the weekly lows. Following the recovery, analysts are divided on the next direction of movement. Some expect the correction to deepen, while others expect the upward trend to resume.Bitcoin’s rebound on December 20 failed to attract investors to U.S. spot Bitcoin exchange-traded funds. ETFs saw outflows of $617.9 million on Dec. 19 and $277 million on Dec. 20, according to Farside Investors data, suggesting profit booking by traders.Daily view of cryptocurrency market data. source: Coin360The next few days are…
The native token of a decentralized fiat stablecoin issuance platform is rebounding against falling cryptocurrency markets. Two days ago, Binance, the world’s largest cryptocurrency exchange by trading volume, added support for the Usual Protocol (USUAL). “Binance is pleased to announce that Usual (USUAL) will be added to Binance Simple Earn, Buy Crypto, Binance Convert, Binance Margin, Binance Auto-Invest, and Binance Futures at the respective dates and times listed below.” According to a post on Usual’s social media platform “90% for the community: Usual is built to empower users with the most tokens for them. No venture capital (VC)/team dump: only…
The asset is at risk of losing its current support levels within the bullish pattern it is trading in, potentially leading to a deeper correction. The indicators show active participation from both long and short traders, but there is a clear direction. dogwifhat (WIF) was primarily weak with a monthly market performance of -43.11%. However, there are signs that the downtrend may stall in the upcoming trading sessions. WIF is likely to experience further price declines from current levels before the rally materializes. The 14.69% drop in the last 24 hours may widen further. WIF remains bullish, but there are…