Crypto News
AVAX Slides 7% Before Establishing Strong Resistance at $22.35 Level
The cryptocurrency market is experiencing significant downward pressure as global economic uncertainties impact digital assets across the board. Avalanche (AVAX) has been particularly affected, with increased selling occurring at high volume, establishing strong resistance at the $22.35 level.New Jersey’s Bergen County announced on Wednesday that it plans to digitize all property deeds on the Avalanche network under a five-year agreement with blockchain software firm Balcony.Technical Analysis• Significant bearish momentum with price dropping from $23.04 to $21.48, representing a 6.78% loss over 24 hours.• Strong volume-based resistance established at the $22.35 level with exceptionally high volume (2.24M).• Multiple recovery attempts were rejected at the $21.88 zone, forming a clear resistance ceiling.• Support emerged around $21.32-$21.40 with increasing buy volume.• Price briefly...
Digital Asset Treasury Companies: A New Era for Crypto Exposure
Digital Asset Treasury companies are reshaping public market crypto exposure by emulating MicroStrategy's strategy, offering a promising investment thesis according to Pantera Capital. (Read More)Source link
Bitcoin Price Watch: Consolidation Deepens Below Key Resistance
Bitcoin is trading at $105,332 today with a market capitalization of $2.09 trillion and a 24-hour trade volume of $42.12 billion. The price range over the past 24 hours has fluctuated between $105,042 and $107,528, indicating relatively narrow intraday movements as momentum weakens across multiple timeframes. Bitcoin Bitcoin’s daily chart indicates a weakening uptrend withSource link
Spot Bitcoin ETFs Broke 10-Day Inflow Streak With $358M of Outflows Thursday: JPMorgan
U.S.-listed spot bitcoin BTC exchange-traded funds (ETFs) recorded their first day of net outflows in 10 trading sessions on Thursday, according to a research report by JPMorgan (JPM).The Wall Street bank estimated that spot bitcoin ETFs saw $358 million of redemptions yesterday, according to a Friday report, with just one, BlackRock’s iShares Bitcoin Trust (IBIT) attracting a net inflow. IBIT gathered in a net $125 million, the bank observed. In contrast, Fidelity’s FBTC saw net outflows of $166 million, leading the redemptions, the report said. Other major contributors included the Grayscale Bitcoin Trust (GBTC) -$107 million, ARK 21Shares Bitcoin ETF (ARKB) -$89 million and the Bitwise Bitcoin ETF (BITB) -$71 million, the bank saidJPMorgan said smaller outflows were also noted...
Is Crypto Over? + OSF talks Brand Coins!
Is Crypto Over? + OSF talks Brand Coins! - FOMO HOUR EP368FOMO HOUR brings you the biggest daily news, updates and events from inside and outside of the crypto and macro spheres! Join hosts Farokh, Mando and Tyler as they cover some of the biggest topics at present with some of the biggest names in the ecosystem. Streaming live 5 days per week, Monday to Friday 10:00 AM EST to 11:00 AM EST on YouTube and X.JOIN YEET = https://yeet.com/register?aff=fomohour
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