Crypto News
Asia Morning Briefing: ETH’s Bullrun Meets Early Signs of Selling Pressure
Good Morning, Asia. Here's what's making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.As Hong Kong begins its trading day, ETH is changing hands above $4600, down 3% on-day.As ETH is up nearly 16% in the last week, and 45% in the last month, this probably isn't a concern for most traders. After all, the ETH/BTC ratio has broken above its 365-day moving average, a signal that has historically marked extended periods of ETH outperformance, and spot ETF flows are reinforcing the move.However, the same data shows early warning signs of...
Hot Inflation Clouds Fed Path, But Crypto Bulls Eye Q4 Liquidity Surge
Crypto faces near-term headwinds from hot inflation data, but some say global liquidity trends could set up a year-end rally.Source link
XLM Price Rallies 12% Despite Pullback as Stellar Protocol 23 Upgrade Approaches
Stellar (XLM) trades at $0.43 after a sharp pullback, but bullish fundamentals including the upcoming Protocol 23 upgrade and record TVL keep long-term outlook positive. (Read More)Source link
Chainlink Price Drops 6.86% Despite Strong Technical Setup – LINK Eyes $24.74 Resistance
LINK trades at $22.27 after a 6.86% daily decline, but technical indicators suggest bullish momentum remains intact with RSI at 63.51 and strong support at $15.43. (Read More)Source link
Treasury Secretary Confirms US to Acquire Bitcoin for Reserve via Budget-Neutral Tactics
After stating the U.S. government won’t buy bitcoin, the Treasury chief now clarifies plans to expand the Strategic Bitcoin Reserve using budget-neutral strategies that avoid new spending. US Eyes Budget-Neutral Bitcoin Acquisition to Expand Strategic Reserve, Treasury Secretary Reveals U.S. Treasury Secretary Scott Bessent took to social media platform X on Aug. 14 to clarifySource link