Coindesk

NEAR Protocol endured a turbulent 24-hour stretch between July 22 15:00 and July 23 14:00, declining from $2.97 to $2.81 in a 5.41% move that underscored broader weakness across the altcoin complex. The token traded within a volatile $0.28 range, peaking at $3.04 before slumping to an intraday low of $2.76. The sharpest selloff emerged during the July 23 13:00 hour as NEAR tumbled from $2.84 to $2.76, with trading volumes spiking to 14.19 million tokens—nearly five times its 24-hour average. This dynamic established significant resistance at $2.84, suggesting traders will be watching that level for signs of reversal.During a critical hour from 13:10 to 14:09 UTC, NEAR briefly stabilized after plunging 2.46% from $2.84 to $2.77, before recovering to...

Shiba Inu (SHIB) has suffered significant losses in the past 24 hours, consistent with the broader market's decline. The joke token, however, narrowly outperformed its top rival dogecoin.Key price movementsSHIB experienced a precipitous decline from $0.000015189 to $0.000014130, constituting a pronounced 7% depreciation. The pivotal sell-off was characterized by trading volumes reaching extraordinary levels of 4.33 trillion tokens, substantially exceeding historical trading patterns.Multiple technical support levels succumbed to intensifying selling pressure during the final trading hour, with SHIB demonstrating an inability to reclaim the critical resistance threshold at $0.000014200.While SHIB fell below the 200-day simple moving average (SMA), a barometer of long-term trends, it still held above the daily chart Ichimoku cloud. The broader momentum is said to be bullish...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 4054.25, down 2.3% (-94.67) since 4 p.m. ET on Tuesday.One of 20 assets are trading higher.Leaders: BCH (+0.3%) and ETH (-0.8%).Laggards: XRP (-5.2%) and ADA (-5.1%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

XRP traded in a wide $0.11 range between $3.46 and $3.57 during the 24-hour period ending July 23 at 08:00 GMT. The asset posted a 3% swing as bulls drove price to a session high of $3.57 on 106.4 million volume, before profit-taking triggered a reversal back to $3.46. The late decline broke key support at $3.50, which had been retested multiple times overnight.Volume surged as institutional flows reacted to a confluence of catalysts: advancing U.S. crypto legislation, fresh ETF approvals, and long-awaited technical pattern completion. Analysts still point to $6–$15 price targets long term, but warn of short-term consolidation risk.News Background• XRP broke above $3.65 last week, completing a six-year symmetrical triangle.• ProShares launched the first XRP futures ETF,...

Companies looking to issue stablecoins should rein in their enthusiasm, especially when their main business is unrelated to digital assets, Hong Kong Monetary Authority (HKMA) CEO Eddie Yue, wrote in a blog post on the central bank's website.Some companies that don't have a business that is related to stablecoins — tokens whose value is pegged to other assets such as fiat currencies — or digital assets have announced their intention to develop a stablecoin business. As a result, "stock prices have risen, stock trading volume has increased, and the company's reputation has also been greatly improved," Yue said in the Wednesday post."With the recent hot speculation of the stablecoin concept, the market has become overly excited," he wrote.The financial regulator's...