The Sonic blockchain is working on the implementation of its yield-generating, algorithmic stablecoin despite fears over a potential collapse similar to the Terra-Luna meltdown that led to the industry’s longest crypto winter. Algorithmic stablecoins employ code-based mechanisms to ensure their price stability, as opposed to fiat stablecoins pegged directly to the value of the underlying…
Bitcoin (BTC) price has been oscillating inside the $82,400-85,300 range since March 14 as breakouts in both directions have been short-lived, as shown below. BTC/USD four-hour price chart. Source: TradingView Key factors behind Bitcoin’s flat price action include: Trade war fears offset pro-Bitcoin news Bitcoin’s price is stuck as bullish and bearish headlines are clashing,…
The Sonic blockchain is working on the implementation of its yield-generating, algorithmic stablecoin despite fears over a potential collapse similar to the Terra-Luna meltdown that led to the industry’s longest crypto winter. Algorithmic stablecoins employ code-based mechanisms to ensure their price stability, as opposed to fiat stablecoins pegged directly to the value of the underlying…
The Sonic blockchain is working on the implementation of its yield-generating, algorithmic stablecoin despite fears over a potential collapse similar to the Terra-Luna meltdown that led to the industry’s longest crypto winter. Algorithmic stablecoins employ code-based mechanisms to ensure their price stability, as opposed to fiat stablecoins pegged directly to the value of the underlying…
Bitcoin’s (BTC) rejection near the all-time high earlier in the week may have attracted profit booking by the short-term traders. Although the price has dropped near $68,000, analysts remain positive on the markets. They anticipate Bitcoin to find support between $65,000 and $68,000. The next major trigger for the cryptocurrency markets is the United States…
An exchange-traded fund (ETF) tracking both Bitcoin and Ether is expected to be the first in a “wave” of new United States crypto funds in 2025, senior Bloomberg ETF analyst Eric Balchunas said. “We expect a wave of cryptocurrency ETFs next year, albeit not all at once,” Balchunas posted to X on Dec. 17, sharing…
The lion’s share of the hacked Bybit funds is still traceable after the historic cybertheft, as blockchain investigators continue their efforts to freeze and recover these funds. The crypto industry was rocked by the largest hack in history on Feb. 21, when Bybit lost over $1.4 billion in liquid-staked Ether (stETH), Mantle Staked ETH (mETH)…
Global trade war concerns will pressure both cryptocurrency and traditional markets until at least the beginning of April, but the potential resolution may bring the next big market catalyst. Bitcoin’s (BTC) price fell over 17% since US President Donald Trump first announced import tariffs on Chinese goods on Jan. 20, the first day after his…
A crypto analyst says inaccurate narratives still circulate in the cryptocurrency market, mainly based on skewed information rather than onchain data to back it up. “Beware of misinformation. Despite the data, misleading narratives persist,” CryptoQuant contributor “Onchained,” said in a March 22 market report. “Such claims often lack onchain validation and are driven by sensationalist…
XRP (XRP) price rallied 16% less than 24 hours after news that Ripple’s legal dispute with the US Securities and Exchange Commission (SEC) could end made headlines on March 19. However, XRP has shed half of its gains over the past two days, losing position below an important level at $2.50. XRP rally continues to…