Crypto News
Stellar’s XLM Token Drops 6% as Selling Pressure Intensifies
Stellar’s XLM token came under heavy institutional selling pressure between August 17 at 3:00 PM and August 18 at 2:00 PM, sliding from $0.43 to $0.41 in a 6% decline. Trading volumes during the 24-hour period topped $30 million, representing roughly 7% of daily turnover. The most notable liquidation event occurred between 1:00 AM and 3:00 AM on August 18, when institutional sellers offloaded more than 60 million tokens. This selloff forced XLM down from $0.42 to $0.41, creating strong resistance at the $0.42 level and defining new support near $0.41. Despite attempts at recovery, the asset consistently failed to breach the resistance zone, signaling persistent institutional bearishness and leaving XLM vulnerable to further downside.The final trading hour on August...
Bitcoin Miner TeraWulf’s Stock Surges as Google Ups Its Stake in the Company
The stock has risen by nearly 90% over a five-day period.Source link
BitMine Adds $1.7 Billion in Ethereum, Now Second Behind Strategy in Crypto Treasury Rankings
The former Bitcoin miner, for which Tom Lee is chairman, now has the second largest crypto asset treasury.Source link
ETF Recap: Ether ETFs Deliver Blockbuster Week With $2.85 Billion as Bitcoin ETFs Trail Behind
Ether exchange-traded funds (ETFs) stole the spotlight last week with $2.85 billion in inflows, their strongest week on record. Bitcoin ETFs managed $548 million, extending their recovery but falling far short of ether’s dominance. Crypto ETF Flows Diverge As Ether Shines and Bitcoin Lags The week of Aug. 11–15 marked a turning point in theSource link
ICP Loses Key Support as Token Falls 7% in Heavy Institutional Selling
Internet Computer Protocol (ICP) fell over the last 24 hours, losing 7% of its value. The token dropped to a low of $5.27, breaking through critical support levels and raising concerns about sustained institutional interest in the project, according to CoinDesk Research's technical analysis data model.Market data showed ICP falling below the $5.48 support threshold during the early hours of Aug. 18, with trading activity spiking to 708,905 units, nearly double the daily average of 386,248 units. Analysts flagged this pattern as evidence of coordinated selling among large investors and corporate treasury desks. A bounce was short-lived, with the token falling back to $5.29. The crypto market at large is dealing with bearish pressure following an ignition of concerns over...