The post Why is the Crypto Market Down Today? appeared first on Coinpedia Fintech News Today, January 7, 2024, the overall cryptocurrency market is witnessing a significant price decline, resulting in long liquidations worth hundreds of millions. Amid this market downturn, Bitcoin (BTC), the world’s largest digital asset by market capitalization, has dropped by more than 5%. $293 Million of Crypto Liquidation This significant price decline brought BTC down from $102,060 to $96,865 within mere hours, causing liquidations worth $293 million in just four hours, according to the on-chain analytics firm Coinglass . However, the liquidations continue to rise, suggesting that this price decline may not stop here. Data further reveals that out of the $293 million in liquidations, more than 90% came from long positions, with $266.18 million worth of longs liquidated, while short liquidations amounted to $25.7 million. Besides BTC, Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) experienced price drops of 7%, 6.2%, 8.5%, and 8%, respectively. Meanwhile, XRP, the native token of Ripple Labs, appears to be moving against the market trend, showing a 1.5% upward momentum. Reason Behind the Crypto Crash You might be wondering why the crypto market is experiencing a sudden crash. The reason lies in a sharp increase in U.S. Treasury yields over the last 10 years. Today, the Institute for Supply Management (ISM) released a report highlighting that the December Purchasing Managers’ Index (PMI) for the private sector was 54.1, higher than November’s 52.1. This data not only impacted the cryptocurrency market but also led to a sharp decline in U.S. equities due to inflation concerns. Amid this downturn, MicroStrategy (MSTR), the world’s largest corporate Bitcoin holder witnessed a price decline of over 10%.
American cryptocurrency exchange Coinbase Global Inc has once again scored a big win in its ongoing legal battle against the US Securities and Exchange Commission (SEC). In a recent update from CLO Paul Grewal, the court, presided over by Judge Catherine Polk Failla has granted its request for an interlocutory appeal. This case borders on the charges filed by the US SEC that Coinbase facilitated the trading of crypto asset securities. The Coinbase Victory Against US SEC At a Glance According to Judge Failla, the request for interlocutory appeal from Coinbase is now granted. This decision marks a major deviation from an earlier rejection of the exchange’s argument that assets on its platform do not constitute investment contract. Following this order, the case will now proceed to the Second Circuit Court of Appeals with proceedings set for January. Meanwhile, the exchange scored another major win against the U.S FDIC recently. The FDIC suit hinges on request for documents based on the Freedom of Information Act (FOIA). Following the discoveries, the exchange now have evidence that the FDIC tried to kill Bitcoin transactions in the United States. This is a developing stor, please check back for updates!!! The post Breaking: Coinbase Secures Approval To Pursue Interlocutory Appeal In SEC Case appeared first on CoinGape .
Three low-cap altcoins are surging after the top global crypto exchange Binance, rolled out support for them. In a new announcement, Binance says that it is adding futures contracts for COOKIE , the utility token for the marketing finance (MarketingFi) ecosystem Cookie DAO, artificial intelligence (AI) focused project Alchemist AI ( ALCH ) and AI agent-related project Swarms ( SWARMS ). Amid the listing news, COOKIE surged by double percentage points. COOKIE is trading for $0.64 at time of writing, up 11.1% in the last 24 hours. With a market cap of $185.8 million, COOKIE is the 413th largest crypto project. Meanwhile, Alchemist AI is up more than 34%, trading for $0.22 at time of writing. With a market cap of $190.8 million, the Solana ( SOL )-based altcoin project is the 404th largest crypto project. Lastly, Swarms shot up on Tuesday to an all-time high of $0.60 before retracing. Swarms is trading for $0.46 at time of writing, up marginally in the last 24 hours. With a market cap of $467.5 million, the Solana-based altcoin is the 213th largest crypto project. Binance says the maximum funding rate of each of the three perpetual contracts is +2%/-2% and that the funding fee settlement occurs every four hours. It is unclear if Binance will eventually list the three altcoins for spot trading. Says Binance, “A token listed on Binance Futures does not guarantee that it will be listed on Binance Spot.” Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Salamahin/Atelier Sommerland The post Three Low-Cap Altcoins Rip As Top Crypto Exchange Binance Announces Trading Support appeared first on The Daily Hodl .
Functioning as the "Layer 2 of Commitments," StarkNet significantly reduces the load on Layer 1 (Ethereum on-chain), enabling faster and cheaper transactions. Continue Reading: How to Buy StarkNet (STRK) Coin? The post How to Buy StarkNet (STRK) Coin? appeared first on COINTURK NEWS .
The cryptocurrency market is alive with activity as Dogecoin (DOGE) witnesses a staggering $5.8 billion in token transactions over the past 24 hours, and Pepe Coin (PEPE) targets a new all-time high (ATH). Amid these developments, savvy investors are turning to Lightchain AI , a viral altcoin with transformative potential, as they position themselves for maximum gains. With $8.5 million raised in its presale, Lightchain AI continues to draw attention as one of the most promising projects in the market. Dogecoin $5.8B in Transactions Reflect Robust Network Activity Dogecoin has shown big network work, with 5.8 billion ͏DOGE coins moving in a day. This rise in deals shows more action among big holders, often called whales, hinting at possible gathering or sharing stages. Such shifts often come before big price changes, showing more interest and trust from buyers in the coin’s future. Also, the Dogecoin chain has seen a boost in busy spots, showing more folks joining its system. These changes highlight Dogecoin’s strong network work and its lasting charm in the lively money market. Pepe Coin Targets a New All-Time High (ATH) Pepe Coin, known for its meme-inspired origins, is riding a wave of investor enthusiasm as it approaches a new ATH. With its viral marketing campaigns and dedicated community support, PEPE continues to capture the imagination of meme coin enthusiasts. The coin’s recent performance underscores its ability to generate short-term gains for traders seeking high volatility. Pepe Coin’s growing ecosystem, which includes NFT collaborations and community-driven initiatives, adds to its appeal. Analysts predict that if market conditions remain favorable, PEPE could surpass its previous highs, delivering significant returns to its holders. Lightchain AI Smart Money Move for Maximum Gains While Dogecoin and Pepe Coin dominate the meme coin spotlight, Lightchain AI is emerging as the choice for investors seeking long-term value. With $8.5 million raised in its presale, Lightchain AI has quickly established itself as a project with substantial growth potential. Unlike speculative assets, Lightchain AI focuses on tangible innovations designed to address blockchain inefficiencies and create scalable solutions. One of Lightchain AI’s standout features is its emphasis on energy-efficient blockchain operations, making it a sustainable option in an increasingly eco-conscious market. Additionally, its roadmap highlights plans for building an open-source innovation hub, which fosters collaboration and creativity among developers. These initiatives ensure that Lightchain AI remains competitive and adaptable as the crypto market evolves. Tweets by LightchainAI https://lightchain.ai https://lightchain.ai/lightchain-whitepaper.pdf https://t.me/LightchainProtocol
The social media company will switch to a community notes model similar to the X platform's, Meta said.
As the crypto market rallies, a new meme token surges 300%, spotlighting 5 cryptocurrencies poised for explosive growth. #partnercontent
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the crypto market rallies, a new meme token surges 300%, spotlighting 5 cryptocurrencies poised for explosive growth. Table of Contents Catzilla: The monster meme coin changing the crypto game TRUMP set for a potential breakout amid altcoin surge Ethena gains momentum, eyes significant breakout Baby Doge coin sees upward momentum as market awaits altcoin surge Uniswap eyes breakout as altcoin season nears Conclusion With the bullish market in full swing, certain cryptocurrencies are set for significant gains. A newly introduced meme token has already leapt by 300%, sparking interest across the community. This article highlights five coins that are primed to surge soon, offering a glimpse into potential investment opportunities during this crypto upswing. Catzilla: The monster meme coin changing the crypto game In the fast-moving world of meme coins, few can roar as loud as Catzilla , the latest contender shaking up the scene. Inspired by the viral success of Dogecoin (DOGE) , Shiba Inu (SHIB) , and PEPE, Catzilla combines the chaotic thrill of Japanese kaiju culture with the massive profit potential of meme tokens. Its Godzilla-meets-cat narrative taps into a rich blend of anime-inspired storytelling, gaming, and crypto, creating a unique identity that’s captivating gamers, investors, and meme enthusiasts alike. This isn’t just a coin — it’s a movement fueled by anime vibes, rebellious energy, and the promise of decentralization. Catzilla calls on its community to rise up against the status quo and join its mission to redefine meme coin success. You might also like: Catzilla’s ascent: Why this meme coin could rule 2025 Why Catzilla is destined for greatness Unlike many meme coins that burn bright and fade away, Catzilla is here for the long haul, offering investors real potential with a massive 700% ROI. Catzilla’s presale offers a 14-stage process, giving investors multiple opportunities to buy in early. With each stage, the token price gradually rises. Catzilla stands apart from fleeting meme coin trends by offering real investment potential alongside its playful, chaotic appeal. With an impressive 700% ROI projection, Catzilla’s presale adopts a carefully crafted 14-stage system, where each stage offers early investors the chance to secure tokens at increasingly valuable price points. Threefold value proposition for unparalleled gains: Epic Gameplay: Dive into an action-packed gaming experience while earning rewards. Unifying Mission: Be part of a movement aimed at restoring fairness and decentralization to the crypto market. Vibrant Community: Connect with a passionate network of cat lovers, anime fans, and crypto enthusiasts united by a shared vision. The Catzilla movement has begun Catzilla is more than just a meme coin — it’s a symbol of rebellion against crypto greed and manipulation. With its larger-than-life mascot and commitment to transparency, Catzilla brings back the fun and accessibility that made meme coins so beloved. Its vibrant community is rallying behind this unstoppable feline force, determined to create a fairer, more playful crypto ecosystem. Join the frenzy and claim your stake in this roaring success story. With Catzilla on the rise, there’s never been a better time to pounce on a crypto opportunity with claws. CATZILLA is your ticket to the next big meme coin boom! TRUMP set for a potential breakout amid altcoin surge TRUMP (MAGA) has been gaining momentum recently, with its price ranging between $1.92 and $4.00. Over the past week, it surged by over 70%, signaling strong upward movement. The coin is approaching its nearest resistance level at $4.79. If it breaks through this point, it could target the next resistance at $6.88, representing a significant potential increase. The 10-day simple moving average has crossed above the 100-day average, indicating a bullish trend. With the stochastic oscillator at a low level, there is room for upward movement. The current RSI is around 44, suggesting the coin is not overbought. These factors point to a potential rise in price, aligning with the anticipated altcoin season. Ethena gains momentum, eyes significant breakout Ethena (ENA) is showing promising signs of growth. With over 21% increase in the past week and nearly 178% rise over six months, ENA is gaining momentum. The current price ranges from just under $1 to over $1.40, approaching the nearest resistance level at $1.57. If ENA breaks this resistance, it could target the next level near $2. The RSI around 39 suggests room for upward movement before hitting overbought conditions. The 10-day SMA is slightly below the 100-day SMA, indicating potential for a bullish crossover. As the altcoin season approaches, ENA could see significant gains. Baby Doge coin sees upward momentum as market awaits altcoin surge Baby Doge Coin is showing promising signs in the market. Its price has increased by over 12% in the past week. The current value is moving within a narrow range, nearing its nearest resistance level. Over the past six months, the coin’s price has surged by nearly 180%, indicating strong upward momentum. The Simple Moving Averages for 10 and 100 days are close, suggesting stability. The MACD is positive, which often signals potential growth. If this bullish trend continues, Baby Doge Coin might reach the next resistance level, potentially gaining significant percentage increases. Enthusiasts are optimistic as the coin shows potential for further growth. Uniswap eyes breakout as altcoin season nears Uniswap is trading between $13.48 and $16.13, showing signs of consolidation. The nearest resistance is at $17, and a breakthrough here could propel the price toward the next resistance level at $19.75. The simple moving averages over 10 and 100 days are close, around $15, indicating a possible trend reversal. The RSI is at 43.61, suggesting the token is not overbought. The recent 12.02% price increase over the past week hints at growing momentum. With a 6-month gain of 86.01%, Uniswap could be gearing up for significant growth. As altcoin season approaches, UNI might be ready for a substantial rally. Conclusion While coins like TRUMP, ENA, BabyDoge, and UNI show less short-term potential, Catzilla stands out as the ultimate meme coin hero. Offering a remarkable 700% ROI during its presale, starting at $0.0002 and rising to $0.0016 over 14 stages, it provides governance rights, loyalty rewards, and passive staking benefits. Catzilla unites enthusiasts to fight for financial freedom by joining forces against crypto villains. To learn more about Catzilla, visit the website , X , Telegram chat , and Telegram news . Read more: Cardano and XRP investors are betting on Catzilla’s meme power – here’s why Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Cryptocurrency analysis company Santiment has published a new analysis, offering a new assessment of an altcoin that has recently suffered heavy blood loss. According to Santiment analysts, Fantom (FTM), which has lost 46% of its value since December 15, has been remarkably silent. Despite this, analysts said that there are positive signals in the altcoin, citing as an example the increase in address activity to a 19-month high. Additionally, analysts noted that crypto whales holding between 10 million and 100 million FTM have added 31.5 million FTM worth $23 million to their wallets over the past four days. Related News: After Binance's Announcement, the AI Altcoin Whales are Active - Here are the Altcoins They Bought and Sold The altcoin, which is listed on major cryptocurrency exchanges such as Binance, Bybit, and OKX but not Coinbase, serves as a layer 1 blockchain. However, the developers recently announced the altcoin’s migration from the Fantom Opera Chain to a new blockchain called Sonic, and the token was rebranded as S. Currently, FTM coins can be directly converted to S coins at a one-to-one ratio. At the time of writing, Fantom is trading 79% lower than it was 3 years ago when it reached an all-time high of $3.48. *This is not investment advice. Continue Reading: The Altcoin That Has Halved In Value On Binance In The Last Month Is About To Make A Big Jump? Analytics Company Evaluates
Bitcoin drops 5% from $102K high as hot US job data and Federal Reserve projections weigh on markets, with $400M liquidated. The post Bitcoin retreats from $102K high amid hot job data and Federal Reserve projections appeared first on Crypto Briefing .