Category: Cryptocurrency News

Gemini co-founder and president Cameron Winklevoss said the decision marks another milestone to end the war on crypto.

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A sharp drop in XRP’s open interest points to increasing bearish investor sentiment and a shift in traders’ focus.

Fold Holdings has expanded its bitcoin treasury with the purchase of 10 additional BTC at an average price of $87,500 per coin. The move underscores Fold’s long-term commitment to bitcoin as a core treasury asset. Fold Holdings Adds 10 Bitcoin to Treasury, Reinforcing Long-Term BTC Strategy Fold Holdings Inc., a bitcoin financial services company, has […]

As the broader cryptocurrency market grapples with significant downturns, Ethereum (ETH) and Solana (SOL) have emerged as some of the hardest-hit assets among the top ten digital currencies.  On top of that, recent allegations by market experts on social media suggest potential market manipulation by major players in the space, raising further concerns for investors. Ethereum Falls Below $2,600: Potential End To Altseason Over the past few days, on-chain data has surfaced, indicating large-scale selling of Ethereum and Solana tokens primarily by Binance (BNB), the world’s largest cryptocurrency exchange.  Market expert Crypto Rover highlighted that these sales, which occurred over a span of just 48 hours, have contributed to a staggering 7% drop in Ethereum and a 12% decline in Solana’s value. Related Reading: Bitcoin Crashes: Experts Warn Of 6-Month Slump To $73,000 Ethereum has now breached its critical support level of $2,600, a point that analysts like Ali Martinez caution could signal the end of the altcoin season if confirmed on higher time frames.  Martinez notes that the next significant threshold for the Ethereum holders is set at $2,300; falling below this level could jeopardize the psychologically crucial $2,000 mark. For Solana, the situation is similarly dire. The asset has retraced below its major support level at $150, settling around $140. This decline represents a considerable 51% gap from its all-time high of $293 reached in January. The bearish sentiment surrounding Solana is further underscored by a stark drop in network activity. Martinez pointed out that Solana’s active addresses have plummeted by 60%, falling from an impressive all-time high of 18.5 million in October to just 7.3 million. Market Manipulation Allegations Arise Amidst these troubling developments, voices within the crypto community are suggesting that the market turbulence may not be coincidental.  Experts like Marty Party have expressed concerns about the role of Binance, asserting that the exchange may have offloaded its holdings in Solana and Ethereum to cover fines imposed by the Department of Justice (DOJ) while also profiting from liquidating leveraged futures positions. Such actions have been characterized as “manipulative,” with Marty noting the timing of these sales. Doctor Profit, another market expert, also suggests that platforms like Bybit may have engaged in similar practices to recover “lost Ethereum” after its recent hack, fueling further speculation about the integrity of these exchanges. Critics argue that these “market maneuvers” are indicative of a broader pattern of manipulation, particularly aimed at triggering mass liquidations among long positions.  Related Reading: Ethereum Price Crash To $2,000 Could Happen As Smaller Timeframes Turn Bearish Doctor Profit remarked on the apparent transparency of these manipulations, suggesting that market players are exploiting the naivety of average crypto investors. Given the current climate, there is a growing call within the crypto community to shift away from centralized exchanges and traditional financial structures.  Advocates like Doctor Profit are urging investors to embrace decentralized finance (DeFi) and monolithic networks, emphasizing the importance of self-custody and minimizing reliance on institutions that may be susceptible to manipulation. For now, Ethereum has managed to stabilize at $2,390, which is nearly 50% below the record high of $4,878 reached during the 2021 bull market. Featured image from DALL-E, chart from TradingView.com

The SEC, Justin Sun and three of his companies jointly asked a US federal court to pause the regulator’s case against the crypto entrepreneur.

submitted by /u/partymsl [link] [comments]

REPORTING THIS GUY. I just posted and this is the conversation I had with him. Total scam. Why is there soooooo many bad people?? 😣🤔 TodayKey_Ad_32904:30 PM HeyHave you tried synchronizing your wallet through the dapps core? pablox434:30 PM HelloI haven'tEither way, I don't understand the discrepancy. Key_Ad_32904:31 PM I can send you the link…
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Dogecoin (DOGE) is trading at key demand levels after two weeks of intense selling pressure, with bears driving DOGE down over 30%. The broader crypto market has faced a prolonged correction that started in mid-January, but meme coins have been the most impacted. As the market leader in the meme coin sector, Dogecoin has suffered extreme volatility, testing lower support levels as investor sentiment remains bearish. Related Reading: XRP Breaks Down Below Key Demand – Analyst Expects A Drop To $1.65 Glassnode’s on-chain metrics reveal that long-term Dogecoin holders are in “denial”, signaling growing uncertainty among those who have held DOGE for extended periods. The DOGE Long-Term Holder Net Unrealized Profit/Loss (NUPL) indicator has been in a declining trend, meaning that many long-term holders are seeing diminishing unrealized profits or even slipping into losses. This trend suggests that holders who once remained confident in Dogecoin’s long-term potential are now facing market doubt and may consider selling if conditions don’t improve. As DOGE trades near crucial support, the next few days will be critical for determining whether bulls can reclaim control and push for recovery or if selling pressure will continue, forcing DOGE into deeper correction territory. Bitcoin and the whole market are setting fresh lows, and this week will be crucial for bulls to defend key demand at these levels. Dogecoin Crashes: Can Bulls Regain Control? Dogecoin has experienced a massive sell-off, plunging more than 59% from its December high of around $0.48 to a recent low of $0.19. This dramatic decline has fueled panic across the market, with sentiment deteriorating further as many analysts begin calling for the start of a bear market. The downturn has weakened investors’ confidence, and meme coins—once the hottest sector in the market—are now facing the harshest corrections. Despite the ongoing decline, on-chain data suggests not all hope is lost for DOGE. Crypto analyst Ali Martinez shared Glassnode metrics indicating that long-term Dogecoin holders are in “denial”, according to the DOGE Long-Term Holder Net Unrealized Profit/Loss (NUPL) indicator. This data suggests that many long-term investors are still holding onto their DOGE despite the downturn but are starting to grow tired of the prolonged downtrend. Historically, such “denial phases” can precede either a final capitulation or a strong rebound if bulls reclaim control. Related Reading: Solana Loses Long-Term Support Level – Analyst Shares Insights The upcoming week will be crucial in determining whether Dogecoin can bounce back from current levels or if sellers will continue to dominate. If DOGE manages to hold key support levels and reclaim momentum, a relief rally could be in sight. However, if selling pressure persists, the price may continue trending downward, extending the correction further. Dogecoin Price Struggles After 19% Drop Dogecoin is trading at $0.21 after a sharp 19% drop since Monday, continuing its downward trajectory amid broader market weakness. The meme coin sector has been one of the hardest hit in recent weeks, with DOGE struggling to find strong support as selling pressure remains dominant. Bulls now face a critical test as holding above current levels is essential to avoid further downside. To initiate a recovery rally, DOGE needs to reclaim the $0.24 mark, a key resistance level that could signal the start of an uptrend. However, market sentiment remains cautious, and price action suggests that DOGE could enter a consolidation phase below this level before any meaningful recovery begins. Related Reading: Litecoin Trading Activity Increases Over The Past Month – Potential LTC ETF Draws Speculation If Dogecoin fails to hold above $0.21, bears may continue pushing the price lower, potentially revisiting previous support levels. However, if buyers step in and DOGE stabilizes, it could build momentum for a future push toward higher prices. In the short term, traders should closely watch whether bulls can defend current demand levels and reclaim key resistance levels to confirm a potential reversal in price action. Featured image from Dall-E, chart from TradingView