Crypto News
Bitcoin Tumbles to $82K as White House Crypto Summit Falls Flat
The cryptocurrency fell to a monthly low after markets were left unimpressed by Friday’s highly anticipated White House Crypto Summit. White House Crypto Summit Fails to Trigger Bitcoin Bull Run The Trump administration’s lackluster White House Crypto Summit was largely ceremonial in nature and appears to have contributed to a precipitous drop in the priceSource link
AI Agents Are the Web3 Users We’ve Been Waiting For
Web3 wasn’t designed for humans at scale; it was built for machines. Its complexity has limited its adoption, but the “Post Web” stack is taking shape with AI agents emerging as autonomous economic actors.Smart contracts, decentralized networks, and verifiable computation will remain. But now they are being optimized for AI-driven execution, coordination, and intent-based automation.The question isn’t whether it’s happening but how fast we need to adapt.For the past decade, we have been beta-testing decentralized systems and applications. While millions of people engage with blockchain networks, DeFi protocols, and decentralized applications (dApps), the reality is that Web3 remains vastly underutilized.Despite approximately 10% of the world allegedly owning crypto, only a fraction of these holders actively use decentralized applications as a...
CoinDesk 20 Performance Update: Index Drops 7.2% as All Assets Trade Lower
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 2658.12, down 7.2% (-205.91) since Friday at 4 p.m. ET.None of the 20 assets are trading higher.Leaders: ETH (-2.2%) and AAVE (-3.0%).Laggards: LINK (-14.3%) and NEAR (-12.5%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link
XRP Bulls Need to Defend Near $2 Support After the Largest Price Drop Since November 2022....
Prices for XRP, the payments-focused cryptocurrency used by Ripple to facilitate cross-border transactions, plummeted over 27% in the week ended March 9, marking its largest weekly percentage decline since November 2022, according to data source TradingView and CoinDesk.The sell-off has brought attention to $1.95, key support, which, if breached, could lead to more profound losses.The level has served as a demand zone while forming a head-and-shoulders (H&S) topping pattern, which has been developing since December. The H&S pattern comprises three peaks, with the middle being the highest and a horizontal demand zone, called the neckline, identified by a trendline connecting the base of the three peaks.A break below the neckline signifies weakness in demand and a bullish-to-bearish trend change in...
Strategy Announces $21B Preferred ATM Offering to Buy More Bitcoin
On the sidelines from purchasing additional bitcoin (BTC) for the past couple of weeks, Michael Saylor's Strategy (STRK) is at it again.The company during early Monday U.S. hours announced a $21 billion at-the-market (ATM) offering of its Series A preferred stock (STRK), proceeds of which would mostly be used for buying additional bitcon.The news gave a small boost to bitcoin, which — amid yet another panicky Sunday session — traded as low as $80,000 a few hours ago. It's currently changing hands at just above $83,000.Strategy by a mile is the largest corporate holder of bitcoin, with just shy of 500,000 tokens, worth about $42 billion at bitcoin's current price.MSTR shares are lower by 5.5% in premarket action and down...