Stellar’s recent slide to $0.3728 raises concerns, but strong support at $0.39 hints at a potential rebound as traders eye targets around $0.6396 and $0.8278. Technical indicators point to oversold
While investors and traders are probably fleeing the market, scared by Fed Chair Jerome Powell’s hawkish speech on Wednesday, and the ensuing price dump across all markets, it may be that the bears could be feeling the first stages of exhaustion. Is the time for a market recovery approaching? Traders need to take advantage of volatility First of all, it must be acknowledged that markets are markets, and the best laid plans can be wiped out at a whim. This is why those who are the most successful in the markets are generally very long term investors. As long as you have your money on the right horses, the potential wild swings of the market are much less of a worry. That said, there are always those who want to take advantage of volatility over the short to medium term time-frame, and the current precipitous downturn in the crypto market could be ripe for this. Precipitous Bitcoin dump continues Source: TradingView First of all, there is no little matter of a huge dump taking place for Bitcoin. The price has crashed out of the ascending channel and does not appear to be slowing down yet. The measured move for the channel is on the chart at $88,000. It is starting to look like the bears could bring the price there. It just depends whether horizontal support at the current level will hold. Another concern is the gaping drop if $88,000 does not hold. With all this in mind, it’s exactly at times like these when there is money to be made. Forecasting when the $BTC price will finally turn back around becomes all-important. Of course, we could even be seeing a descent into a bear market. All possibilities are on the table. That said, this particular scenario is probably not likely just yet. Good buy levels for $ETH Source: TradingView For $ETH, it can be seen that the fake-out of the triangle has resulted in the price heading back down fast. The 0.618 Fibonacci at $2,881, and the 0.786 Fibonacci at $2,552 are both good buy levels. There is also the bottom of the triangle as a last possibility. $SOL approaches next big support Source: TradingView The $SOL price is in precipitous decline right now. It has fallen out of the bull flag after turning the major support at $202 into resistance. The price is currently stopped at a horizontal level of support, but may continue on down to the stronger horizontal support at $162. This also could coincide with an ascending trendline as seen on the chart above. A bounce has to come for Bitcoin and crypto. It is just a case of when, and how hard. It isn’t likely to be long before we find out both. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Mo Shaikh resigns, Avery Ching appointed as new CEO of Aptos Labs. Aptos Labs has raised $400 million, building a strong developer platform. Continue Reading: Mo Shaikh Resigns as CEO of Aptos Labs, Avery Ching Takes Over The post Mo Shaikh Resigns as CEO of Aptos Labs, Avery Ching Takes Over appeared first on COINTURK NEWS .
A court motion argues that "there is no deliberate action Mr. Storm could have taken here" with Tornado Cash.
The post DeBridge (DBR) Hits All-Time High Following Major Bithumb Listing appeared first on Coinpedia Fintech News Historically, Cryptocurrencies tend to react with major crypto exchange listings. The latest on the block is decentralized finance (DeFi), which made some noise in the crypto downtrend. DeBridge (DBR) is making waves in the crypto market after a 30% price surge, fueled by its recent listing on South Korea’s Bithumb exchange. This Solana-based token, DeBridge (DBR), hit an all-time high of $0.04702 before settling at $0.0347. In the last 24 hours, DBR is ranked at 697 and has seen $72 million in trading volume, with a market cap of $40.57 million. Bithumb’s decision to list DeBridge is a big deal for the token’s visibility and adoption. The listing, announced on December 20, allows DBR to be traded in South Korean won (KRW) pairs. This move is expected to attract more investors and strengthen DeBridge’s position in the global crypto market. To ensure stability, Bithumb implemented trading controls during the initial phase, a practice common with new listings on the exchange. This means attracting more people to the blockchain industry, securing mainstream acceptance, and so on. What is DeBridge? As its name implies, deBridge acts as a cross-chain bridge and communication layer that facilitates the effective movement of data and assets across different chains. DeBridge helps solve liquidity problems in DeFi by offering low fees and plenty of liquidity. The DBR token is important for the platform, allowing users to stake and vote on decisions within the network. What’s Next for DBR? While some tokens listed on Bithumb experience short-term price jumps, analysts believe DBR’s practical use in DeFi could support long-term growth. Notably, other KRW-listed tokens are facing price fluctuations, but DBR is showing signs of a further breakout with innovative technology and real-world use cases. For U.S. crypto users, DeBridge’s rise highlights the growing demand for efficient cross-chain solutions. Today, there is no single blockchain that everyone uses and that every asset is based on. Instead, there are multiple blockchains including Layer 1s and Layer 2s that are widely used by the public. In short, DeBridge is positioning itself as a key player in the global DeFi market, offering opportunities for both seasoned investors and newcomers.
The cryptocurrency market is down by over $200 billion in the last 24-hour period and by around $600 billion in the past week amid a significant downtrend that has been caused by several factors, including the Federal Reserve cutting interest rates by 25 basis points and its Chair Jerome Powell suggesting fewer cuts are coming
Ethereum’s price is down today after it failed to hold the $3,500 support level, and panic selling threatens deeper corrections.
XRP took a sharp nosedive, slipping below the crucial $2 mark and sending shockwaves through the crypto community. Currently trading at $1.97, XRP fell from $2.41 in less than 24 hours, marking a staggering 18% drop for the day. XRP 1-day price chart. Source: Finbold The market cap tumbled from $137.8 billion to $113.8 billion, resulting in a loss of $24 billion in value within a day. XRP 1-day market cap price chart. Source: CoinMarketCap Trading volume surged to $24.75 billion, an 8.38% increase over the last 24 hours, signaling intense market activity as traders scrambled to reposition. XRP is still trading above its 200-day simple moving average, suggesting that the broader trend remains positive despite the correction, as the token remains up 76.35% in the past month Over the past 30 days, XRP has seen 17 green days out of 30, reflecting a 57% positive trading streak. Key XRP levels to watch In the short term, traders are eyeing the $2 psychological level as a critical marker for recovery. The immediate support level lies at $1.92, and if this holds, XRP could stabilize and attempt to reclaim higher ground. On the upside, the resistance level at $2.55 will be the next challenge for the bulls. While the sudden crash has rattled investors, the overall outlook remains cautiously optimistic. Traders and analysts will closely monitor whether XRP can quickly bounce back above $2, a move that could restore confidence and set the stage for renewed upward momentum. Interestingly, a lot of chart analysts on X (formerly Twitter), such as Crypto Tony, had suggested that XRP was holding up relatively well compared to other altcoins before the price continued to cascade downward. This false sense of resilience was quickly shattered as selling pressure mounted. Renowned on-chain analyst Ali Martinez added to the discussion, noting that if XRP rebounds to $2.62, a significant 20.50 million in short positions could face liquidation. $20.50 million in short positions will be liquidated if $XRP rebounds to $2.62! pic.twitter.com/IKMCIolaiV — Ali (@ali_charts) December 20, 2024 This potential squeeze could serve as a catalyst for a swift recovery if the market sentiment flips bullish. Featured image via Shutterstock The post XRP crashes below $2, erasing $24 billion in a day appeared first on Finbold .
2024 has marked a pivotal shift in the crypto landscape, characterized by the rise of AI-driven projects and the resurgence of meme coins, transforming investment strategies. The Decentralized Finance (DeFi)
The cryptocurrency world is reeling from a historic $671.9 million net outflow from Bitcoin ETFs, marking the largest withdrawal since their inception. This sharp reversal follows a 15-day streak of inflows, highlighting changing investor sentiment toward digital assets. The most significant outflow came from Fidelity’s FBTC, which saw a staggering $208.5 million withdrawn. Contrasting this … Continue reading "Bitcoin ETFs Witness Record Outflows Amid Market Volatility" The post Bitcoin ETFs Witness Record Outflows Amid Market Volatility appeared first on Cryptoknowmics-Crypto News and Media Platform .