Author: John Smith
A crypto market rally could be coming as a senior Federal Reserve official made the case for more interest rate cuts in the December meeting. Summary A crypto market rally could happen as a senior Fed official makes the case for rate cuts. Christopher Waller is more concerned about the labor market. Rate cuts and the end of QT are highly bullish for Bitcoin. Bitcoin (BTC) was trading around $86,300 at last check on Monday, down by about 0.7% for the day. However, altcoins like Ripple (XRP), Stellar (XLM), and Hedera (HBAR) were in an uptrend. See below. CRYPTOCURRENCYPRICE 24-HOUR GAINS…
Russian police detained a man who tried to rob a crypto exchange with fake grenades, as Russia faces rising crypto-related crimes and asset thefts. Summary A suspect attempted to rob a Russian crypto exchange using smoke and airsoft grenades to threaten employees. Law enforcement notes an increase in criminal cases linked to cryptocurrency holdings in Russia. The investigation is ongoing, with the suspect facing charges for attempted robbery and threats. Russian authorities have detained a man who attempted to rob a cryptocurrency exchange using smoke and airsoft grenades to threaten staff members, according to reports. The suspect allegedly used the…
Dogecoin price is close to breaking out of a multi-month falling wedge pattern, fueled by investor hype over an upcoming ETF launch. Summary Dogecoin price is down 26% over the month. Multiple DOGE ETFs from different issuers are set to go live over the coming weeks. DOGE price has formed a falling wedge pattern on the daily chart. According to data from crypto.news, Dogecoin (DOGE) has dropped 26% over the past month and 53% from its September high. Trading at $0.14, the altcoin is now hovering at its lowest level since April this year. Dogecoin price has been in a…
Zcash price is gearing for another move upwards, with traders watching liquidity shifts ahead of its return to OKX. Summary Zcash fell to $536 after a volatile week that pushed the token down 22% from recent highs. OKX will re-list ZEC on Nov. 24, adding short-term volatility as traders shift between spot and futures markets. ZEC chart shows mixed technical signals as trading volume across spot and derivatives decline. At the time of writing, Zcash was trading at $536, down 3.2% in the last day after fluctuating between $531 and $606. The pullback comes after a turbulent week that pushed…
Bitcoin price may be gearing for a rebound with a cleaner setup after prolonged leverage wipeout. Summary Bitcoin trades near $87K after a major leverage flush that cleared out excessive long positions. CryptoQuant analysts say fear, oversold readings, and reduced open interest could support a slow recovery. The chart still leans bearish with downward-sloping averages and weak momentum. Bitcoin was trading near $86,646 at press time, up 0.6% in the last 24 hours. The daily range sat between $85,483 and $87,995. The coin remains down 10% over the past week after a 31% pullback from the $126,080 all-time high set on Oct.…
Pump.fun is back in the spotlight after new on-chain activity raised fresh questions about the project’s finances. Summary On-chain analysts reported over $400M in USDC transfers linked to the Pump.fun team. Private placements raised roughly $720M, giving insiders a large share of PUMP supply. PUMP is trading below its ICO price, with analysts expecting further declines amid weak market sentiment. Pump.fun is facing renewed scrutiny after large USDC transfers linked to the team were spotted on-chain. The project transferred over $400 million in USDC via Kraken over the previous week, according to an analysis shared by EmberCN on Nov. 24.…
Dogecoin price continued its recent crash and moved below an important support level as sentiment in the industry worsened. Summary Dogecoin price has crashed to a crucial support level. Grayscale will launch the spot DOGE ETF on Monday. The coin has moved to an important support level ahead of the launch. Dogecoin (DOGE) token has crashed in the last four consecutive weeks and is now hovering at its lowest level since April this year. It has slumped by over 70% from its December high. Dogecoin price will be in the spotlight this week as the market welcomes two DOGE ETFs.…
Chainlink price remained under pressure as it crashed for four consecutive weeks and hit a crucial support level. Summary Chainlink price has crashed to an important support level this week. Grayscale will likely launch the GLINK ETF next week. LINK price has formed a head-and-shoulders pattern on the weekly chart. Chainlink (LINK) token dropped to $12, its lowest level since June, and 55% from its highest point this year. The ongoing LINK price crash has happened despite its strong fundamentals. For example, Nansen data shows that the supply of LINK tokens in exchanges has dropped to 213 million from last…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. If you’ve been in crypto for more than a week, you know the story. A new project launches with a minimal active float. Yet, it immediately commands a market perception of immense, long-term scale, a vast pool of future ownership waiting to enter circulation. For the average investor, this phenomenon has become a serious concern, often signaling a structural overhang of future supply that threatens the immediate health of the asset. Summary When a project has real…
Bitwise CIO Matt Hougan believes Ethereum could lead the next crypto rally, pointing to an upgrade catalyst that investors are overlooking. Summary Bitwise CIO Matt Hougan says Ethereum could lead next crypto rally with Fusaka upgrade. The December 3 Fusaka upgrade introduces minimum Layer 2 data fee for revenue capture. Hougan sees tokens shifting to value capture with Uniswap proposing fee switch model. The Fusaka upgrade scheduled for December 3 may increase Ethereum’s revenue capture by 5 to 10 times through a minimum Layer 2 data fee. Hougan argues the market is missing a broader trend: major tokens are quickly…