Amid the ongoing market uncertainty, Solana (SOL) appears to be losing bullish support and weakening as the market downturn continues. Whale Transfers $45.7 Million Worth of SOL to Binance On January 10, 2024, the blockchain-based transaction tracker Whale Alert posted on X (formerly Twitter) that a crypto whale transferred a significant 246,064 SOL, worth $45.
Sol Strategies (ticker HODL) is raising CAD $27.5 million to buy more SOL tokens and invest further in Solana staking infrastructure.
DeFi protocol Derive's Head of Research, Dr. Sean Dawson, has provided a bullish prediction for the Ethereum price. He predicted that the second-largest crypto could rally to as high as $12,000 and explained how the Pectra upgrade could contribute to the parabolic rally.
Ethereum price has been on the edge lately with recent Fidelity Digital Assets deposit of $103.55 million worth of ETH into Coinbase speculating sell-off concerns. The transactions, executed through Cumberland, have drawn attention from analysts, with some predicting a new all-time high (ATH) for Ethereum price despite this move.
Bitcoin (BTC) and Ethereum (ETH) are entering a period of usual bullish gains. The question remains whether the two leading assets can extend the positive results of 2024 in Q1 of 2025.
Cryptocurrency markets are trading lower amid looming tensions of reduced expectations of Federal Reserve interest rate cuts and a potential massive BTC sell-off from the U.S. government. Cryptocurrency Price 24-Hour Gains +/- Bitcoin (CRYPTO: BTC) $91,400 -2.7% Ethereum (CRYPTO: ETH) $3,172 -3.2% Solana (CRYPTO: SOL) $182.4 -6.5% XRP (CRYPTO: XRP) $2.28 -1.4% Dogecoin (CRYPTO: DOGE) $0.3181 -6.3% Shiba Inu (CRYPTO: SHIB) $0.00002088 -1% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 7.6% and daily active addresses remaining relatively flat.
Ethereum (ETH) extended its weekly decline on Thursday, slipping back below $3,300 amidst a challenging period for the broader cryptocurrency market. This downturn comes as the market navigates the second week of January 2025, grappling with increased volatility and uncertain sentiment.
Bhutan's Gelephu Mindfulness City experiments with Bitcoin, Ether, and BNB in its reserves.
Ethereum (ETH), the world's second-largest cryptocurrency by market cap, is flashing a sell-off signal, hinting at a notable price decline in the coming days. Over the past three days, sentiment across the cryptocurrency landscape has shifted noticeably toward the bearish side, leading to a substantial price drop.
Binance Exchange is in the spotlight as the trading platform that dominated Bitcoin (BTC) and Ethereum (ETH) outflows in the past year. According to CryptoQuant analyst Crazzyblockk, the trading platform set a new benchmark for exchange activity.
Decentralized exchange Raydium will offer future trading to Solana users, with the feature currently available in beta
A gaming blockchain built over Ethereum (ETH) is joining forces with a crypto conversion service to streamline how traders purchase non-fungible tokens (NFTs) and digital assets.
Grayscale Investments adjusts its fund portfolios, allocating 90% of its Digital Large Cap Fund to Bitcoin and Ethereum. Quarterly rebalancing impacts DeFi and AI funds, introducing Curve and Livepeer while removing Avalanche and Synthetix. Grayscale ETFs continue to face substantial outflows. The post Grayscale Adjusts Fund Holdings, 90% Allocation for BTC and ETH appeared first on Cryptonews.
Raydium launches perpetual futures trading beta with gas-free trading and low fees. Solana DEXs target $650B on-chain derivatives market.
The price of Solana ($SOL) has been dropping sharply in the past 3 days and accumulates a 12% retreat in the past 7 days. A critical date approaches for this layer-one network as applications for multiple Solana spot exchange-traded funds (ETFs) with the United States Securities and Exchange Commission (SEC) are nearing their deadlines.
Is Solana's $SOL on the verge of a major rally and will it overtake Ethereum's $ETH as the token powering Web3's hottest high-functionality smart contract blockchain? With its current market cap of $92.5 billion, Solana needs to 5x to comfortably beat Ethereum, which currently capitalizes $398 billion of the $3.43 trillion crypto market.
Despite the decline in BTC mining output, Bit Digital increased its BTC and ETH holdings through diversification in both assets. Strategic Diversification Key to Bit Digital Crypto Holdings Bit Digital, a bitcoin mining firm produced 32.4 BTC in Dec. 2024, a 27.8% drop from the previous month.
Sol Strategies CEO Leah Wald tells Blockworks she predicts delays in US approval for a Solana ETF while expecting Canada to lead the way. The post Solana ETF approval unlikely in US soon says Sol Strategies CEO appeared first on Crypto Briefing.
The crypto SOL could see a significant increase in 2025, driven by the anticipation of spot ETFs in the United States and the growing interest of retail investors, according to analysts. Despite a recent correction below $200, Solana's fundamentals remain strong.
Solana (SOL) price, one of 2024's top-performing cryptocurrencies, has surged over 100%, showcasing bullish momentum on long-term charts. With rising retail investor interest and speculation surrounding a potential U.S.-based Solana exchange-traded fund (ETF), the cryptocurrency is positioned for further growth in 2025.
Cardano stands to solidify its position as a leader in decentralization, challenging the likes of Solana with the nearing Plomin hard fork, transitioning into a fully community-led protocol. The post Cardano ‘Plomin' Hard Fork Nears – Could Cardano Overtake Solana? appeared first on Cryptonews.
Grayscale increases Bitcoin and Ethereum allocations to 90% in its large cap fund during Q4 adjustments, with Cardano replacing Avalanche. The post Grayscale adjusts large cap fund increasing Bitcoin and Ethereum allocations to 90% appeared first on Crypto Briefing.
TL;DR Bio Protocol expands to the Solana blockchain through a collaboration with Wormhole, despite a 64% drop in the price of its token, BIO. The price of BIO has dropped to $0.53, with a loss of over 10% in the last 24 hours, while trading volume has decreased by 15.4%.
With Solana's upgrades looming, is Ethereum prepared to defend its altcoin crown in the coming year?
Ethereum's (CRYPTO: ETH) price decline could be an accumulation opportunity, although traders predict further corrections before a potential rally. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Ethereum (CRYPTO: ETH) $3,302.04 $397.8 billion -0.1% -4.9% Bitcoin (CRYPTO: BTC) $94,246.74 $1.9 trillion -0.3% -2.9% XRP (CRYPTO: XRP) $2.32 $132.3 billion +1.6% -4.2% Trader Notes: Crypto chart analyst Ali Martinez says a drop to $2,900 could be highly bullish and an "excellent buy-the-dip opportunity" for a potential target of $7,000.
Ethereum's price has dropped sharply this year after encountering substantial resistance at the $4,000 level in December. Ethereum (ETH) has declined by nearly 20% from its December high, coinciding with an ongoing sell-off in Bitcoin and other altcoins.
Ethereum exchange reserves have surged to 8.06M ETH, which is the highest level in a week.
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Solana price continues to see elevated selling pressure as the sentiment in the crypto industry worsens. Crucial SOL bullish predictions have slipped as the coin has formed several risky chart patterns.
The crypto markets are plunging down! Bitcoin formed lows below $92,000 after falling to sustain above the gains. Meanwhile, the latest rejection from $4100 appears to have largely impacted the Ethereum price rally as the token is expected to lose support at $300.
Ethereum has slipped, trading in the $3.3K zone. The market saw $86.39 million worth of Ethereum liquidated.
Ripple's stablecoin (RLUSD) is now being used primarily on the Ethereum blockchain rather than XRP, as it became known in a report from XRP contributor "Vet_X0." Currently, $61,823,274 worth of RLUSD is being distributed on Ethereum, which is well ahead of the $21,995,883 held on the XRP Ledger.
A widely followed cryptocurrency trader is leaning bullish on a large-cap Ethereum (ETH) challenger, believing that the altcoin is still in an uptrend. The trader pseudonymously known as Altcoin Sherpa tells his 238,400 followers on the social media platform X that Solana (SOL) is primed to go “much higher” over the coming weeks and months.
Market analysts predict that Solana (SOL) will outperform Bitcoin (BTC) and Ethereum (ETH) in 2025, amid strong retail adoption and Solana ETF approval.
In a recent tweet, on-chain analytics platform IntoTheBlock shared a chart that highlights the long-term holder ratios for Ethereum and Bitcoin. Alongside its tweet, IntoTheBlock posted a graphic displaying the "hodler ratios" of these two major cryptocurrencies.
Bio Protocol, the popular decentralized science network, continued its freefall as it expanded to the Solana network. Bio Protocol (BIO) price dropped to $0.52, erasing over 64% of its value from the highest level on Jan.
This fund excludes Ethereum from its portfolio. This ex-Ethereum portfolio offers American investors a unique opportunity to get in on the ground floor of some promising smart contract platforms.
Ethereum faces critical market challenges after breaking key support levels as traders eye $2,809.
The crypto market is buzzing ahead of the upcoming altseason and Donald Trump's inauguration. Amid rising positive sentiment, attention is on budget-friendly and promising altcoins, putting the spotlight on IntelMarkets (INTL). This new AI crypto is at the heart of the current market buzz with a projected 100x upside potential.
Polkadot-based parachain Phala has launched its Ethereum layer-2 network to expand its reach. The move continues the trend of new rollup networks on Ethereum and marks an advancement in rollup infrastructure.
Ethereum (ETH) has faced much criticism from the crypto investor community due to its lackluster performance. Moreover, the Foundation has also received harsh comments from investors due to their consistent sale of ETH.
Solana (SOL) is poised for potential growth in 2025, driven by increasing retail investor interest and the anticipated approval of a U.S.-based spot Solana exchange-traded fund (ETF).
As with the rest of the altcoin industry, Ethereum's (ETH) price has been following Bitcoin's (BTC) price action in the ongoing market correction.
Gelephu Mindfulness City, Bhutan's Special Administration Region, has revealed plans to include Bitcoin (BTC), Ethereum (ETH), and BNB in its strategic reserves.
TL;DR Phala Network, a Polkadot-based parachain, launches its Layer 2 network on Ethereum with innovative technology. The collaboration with Succinct Labs and Conduit drives the use of zero-knowledge (ZK) and optimistic proofs. This move strengthens interoperability between Polkadot and Ethereum, focusing on privacy and decentralized computing.
Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) spot ETFs faced substantial net outflows of $742 million on Jan.8. Bitcoin ETFs led the decline, recording $583 million in outflows, with Blackrock‘s (NASDAQ:IBIT), Fidelity‘s (CBOE: FBTC), and Ark & 21Shares (CBOE: ARKB) contributing $124 million, $258 million and $148 million, respectively, according to data from SoSo Value.
The broader cryptocurrency market is facing liquidation amid a decline in the prices of digital assets. CoinGlass data shows that liquidation across different exchanges amounted to $483.61 million in the last 24 hours.