Coindesk

XRP hovered near $2.75 on Monday, down 2.38% over 24 hours, as traders weighed key support and resistance levels flagged by crypto analyst Ali Martinez.In a post on Aug. 31, Martinez stressed that XRP “must hold above $2.77” or risk falling toward $2.40. His chart illustrated a clear floor around $2.77 that had previously attracted buying interest. Breaking beneath that zone, he suggested, would take away the safety net and leave the token vulnerable to deeper losses. For non-technical readers, the message was straightforward: $2.77 represents the line where bulls need to show strength, and if they don’t, the next major level of support sits all the way down at $2.40.In a post on Sept. 1, Martinez followed up with...

The price of BNB saw sharp intraday swings over the past 24-hour period as it continued to drop from an all-time high of $900 seen late last month.Over a 24-hour window, the asset traded between $849.88 and $868.76, a 2% move that began with bullish momentum but ended with signs of fatigue near resistance.The volatility follows filings with the U.S. Securities and Exchange Commission by REX Shares late last month, along with the rise of BNB-focused treasury firms. The latest, B Strategy, aims to hold up to $1 billion worth of BNB with backing from the investment firm led by Binance co-founders Changpeng Zhao and Yi He.While BNB failed to hold on to its gains from earlier, underlying network activity...

Stellar’s native token XLM endured heavy selling pressure over the past 24 hours, trading in a tight but punishing 5% range between $0.34 and $0.36. The session began with relative stability before a late-evening selloff knocked the token from its $0.36 peak to $0.34. Trading volume surged past 57 million units at midnight as the market tested support around the $0.34–$0.35 zone. Buyers stepped back in early the next morning, briefly lifting XLM back to $0.36 on the back of what appeared to be institutional accumulation, with volumes swelling to 70 million units.Despite the recovery, price action stalled around $0.36, creating a range-bound structure that technical traders say often precedes a directional breakout. The final hour of trading on Sept....

Bitcoin’s (BTC) realized capitalization, an on-chain metric that measures the value of coins at the price they last transacted, has continued rising even as the spot price drops, signaling investor conviction to the network and an indication the economic backbone of the largest cryptocurrency is strengthening.After first crossing $1 trillion in July, Glassnode data shows that realized cap now sits at a record $1.05 trillion, despite the spot price slipping around 12% from its all-time peak near $124,000. While market capitalization falls as the spot price declines because it prices every coin at the current level, realized cap adjusts only when coins are spent and repriced on-chain. Under the realized cap model, dormant holdings, long-term holders and lost coins act...

Bitcoin token protocol BRC20 has taken a step toward enabling Ethereum-style smart contracts.The Bitcoin token protocol has integrated Ethereum Virtual Machine (EVM) into its core logic as of Bitcoin block 912,690, according to an announcement shared with CoinDesk on Monday.BRC20 is a token standard for issuing fungible tokens on the Bitcoin blockchain via the Ordinals protocol, which allows data to be inscribed on individual satoshis (the smallest denomination of BTC, equivalent to one hundred millionth of a bitcoin).EVM is the operating system on Ethereum that allows the execution of smart contracts, making tokens programmable and removing the need for centralized governance.The upgrade, dubbed BRC2.0, was executed by Ordinals developer Best in Slot alongside BRC20's pseudonymous creator Domo."Bitcoin meta-protocols like Ordinals,...