Crypto News
Crypto Winter Appears to Have Arrived With Bitcoin, Top 50 Tokens Falling Into Bear Market Territory:...
The crypto bull run may have ended, with the market poised for a winter characterized by prolonged losses and stagnation, according to Coinbase's institutional arm. "The 200DMA model on bitcoin does suggest that the token’s recent steep decline qualifies this as a bear market cycle starting in late March. But the same exercise performed on the COIN50 index (which includes the top 50 tokens by market capitalization) shows the asset class as a whole has been unequivocally trading in bear market territory since the end of February," David Duong, global head of research at Coinbase Institutional, said in a note published Monday.Bitcoin slipped below its 200-day simple moving average (SMA) on March 9 and has since established a foothold below...
Oklahoma Kills Bitcoin Reserve Proposal in Senate Committee Vote
With the failure of Oklahoma’s Bitcoin reserve bill, New Hampshire, Texas, and Arizona now lead the push for state-level BTC reserves.Source link
1001 Crypto Nights: The Grandest Music Festival at TOKEN2049 Dubai
This content is provided by a sponsor. PRESS RELEASE. Singapore, April 16, 2025 — LBank, a globally recognized leading cryptocurrency exchange, is excited to announce the upcoming 1001 Crypto Nights Beach Music Festival. Set to take place on April 30, 2025, from 17:00 to 24:00 (UTC+4) at the iconic Bohemia Beach Club in Dubai, thisSource link
Dogecoin Whales Accumulate, SOL Hints at Consolidation as Market Takes a Breather
Bitcoin (BTC) and major cryptocurrencies fell over 3% as profit-taking followed Tuesday's rally. Overall crypto market capitalization fell 3.3% in the past 24 hours, with BTC sliding to nearly $83,500 from a high above $84,200 a day earlier. Ether (ETH) and Cardano’s ADA fell as much as 5% to lead losses among majors.The cryptocurrency market added 8% over 7 days, stabilising at the $2.7 trillion level since Saturday.FxPro’s Alex Kuptsikevich says a move higher could bolster hopes for further gains, but these expectations will “only be confirmed after a solid consolidation above the 200-day moving average, which is now near $2.97 trillion.“"Bitcoin continues its cautious rise, trading above its 50-day moving average and reaching $85,700. This is an important technical...
Dollar-Based Stablecoins Pose Greater Threat to Euro, Italian Economy Minister Says
Italian Economy Minister Giancarlo Giorgetti warns that dollar-based stablecoins pose a greater threat to the euro’s standing than trade disputes. Bolstering the Euro’s Prominence The European Union (EU) must urgently address the growing appeal of dollar-based stablecoins among its citizens, as they pose a greater threat to the euro’s standing than ongoing trade disputes, ItalianSource link