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The crypto markets remained flat on Tuesday, with the market cap registering a marginal increase and moving to $2.72 trillion. Prices have remained relatively muted as markets wait for the FOMC meeting and clarity on interest rate cuts.
TL;DR GLIF has launched its native token, GLF, distributing 94 million tokens in an airdrop to active users, which represents 9.4% of the total supply. Although GLF is currently a governance token, the protocol is working to expand its utility, including a loyalty program inspired by airline miles.
The GLF token launch comes as GLIF moves beyond Filecoin, with plans to support additional decentralized physical infrastructure networks.
The crypto market recovered over the past 24 hours as prices rose after experiencing significant declines over the past few sessions. Bitcoin (BTC) dipped to a low of $76,982 on Tuesday before rebounding to reclaim $80,000 and reach $83,737 before losing momentum and declining to its current level.
Filecoin still leads the decentralized open-source storage network in the blockchain world. However, its token has seen a downtrend similar to other cryptocurrencies.
The crypto market fell back into the red as its market capitalization dropped nearly 11% to $2.75 trillion, erasing all the gains made on Sunday after President Donald Trump's crypto reserve announcement. Sunday's rally began fading on Monday, with Bitcoin (BTC) and other altcoins sliding back to pre-weekend levels.
The crypto market suffered a further decline in early trading, with the market cap declining by nearly 3% and settling at $2.84 trillion. Bitcoin (BTC) and other cryptocurrencies registered substantial declines, with fears of a further decline driving investors to safe-haven assets.
The introduction of a USD stablecoin could significantly enhance Filecoin's ecosystem by increasing accessibility and financial innovation. The post 10x Research: How a FIL Backed USD stablecoin by Secured Finance would boost the Filecoin ecosystem appeared first on Crypto Briefing.
The momentum of artificial intelligence (AI) is gaining traction in the cryptocurrency space, with several projects aligning their fundamentals with this technology.
Filecoin has created history with its mind blowing hold over the world. The financial system was revolutionized when Filecoin started climbing the ladder.
Filecoin (FIL), one of the top decentralized infrastructure projects, finds itself at a pivotal crossroads. Trading at a key support level of $3.38, the asset's short-term future is hanging in the balance.
Filecoin could soar by 20% to reach $4.05 if it defends the $3.38 support.
Bitcoin (BTC) remained sluggish over the weekend, hovering between $96,000 and $97,000. However, it dipped below $95,000 early on Monday, falling to a low of $94,855 before rebounding and moving to its current level of $97,450.
The crypto market rebounded after Donald Trump agreed to delay tariffs on Canada and Mexico following a conversation with both presidents. As a result, Bitcoin (BTC) rebounded to reclaim the $100,000 level, with the flagship cryptocurrency trading at $100,360, up nearly 7% over the past 24 hours.
Filecoin (FIL) is a decentralized storage network designed to offer a more efficient and secure alternative to traditional cloud services. Built by Protocol Labs, it uses blockchain technology to create a peer-to-peer marketplace where users can rent out unused hard drive space in exchange for Filecoin tokens.
Filecoin (FIL), Arbitrum (ARB) and Cosmos (ATOM) are among the biggest losers in the crypto market in the past 24 hours as traders see over $2.3 billion liquidated. The global crypto market cap fell 8% to $3.1 trillion, with daily trading volume on Monday, February 3, up 193% to over $333 billion.
Filecoin price has collapsed, erasing all the gains made in 2024, and making it one of the worst-performing tokens in crypto. The FIL token plunged to a low of $2.6155 on Monday, its lowest level since 2022. It has plunged by over 74% from its highest level in 2024.
The cryptocurrency market has recovered from Monday's bloodbath, with Bitcoin (BTC) reclaiming the $100,000 level. The flagship cryptocurrency is up nearly 3% over the past 24 hours and currently trades around $103,339.
The cryptocurrency market has pared broader gains after a bullish recovery seen on Wednesday faded with Bitcoin (BTC) leading top coins lower. As Ethereum (ETH), XRP (XRP) and Solana (SOL) shed gains by more than 5% each, Arbitrum (ARB) and Filecoin (FIL) also flipped red.
The crypto market has registered a substantial decline, with nearly all cryptocurrencies trading in the red. Bitcoin (BTC) is down almost 4% over the past 24 hours and has dipped below $105,000 to trade around $102,550.
FIL's breakout revealed potential, but stronger market support is needed for sustained momentum.
Filecoin (FIL), la rete di archiviazione decentralizzata, sta guadagnando sempre più slancio, attirando l'attenzione di trader e investitori. L'aumento dell'adozione e una configurazione tecnica rialzista stanno alimentando un crescente ottimismo riguardo al suo futuro.
Filecoin (FIL) Foundation outlines its 2025 vision, highlighting the FIL Dev Summit in Toronto, the launch of Portrait, and new members in the Decentralized Storage Alliance.
Filecoin (FIL), the decentralized storage network, is gaining momentum as traders and investors turn their attention to its growing adoption and bullish technical setup.
