Crypto News

Programmable blockchain Cardano’s ADA token jumped 12% in the past 24 hours to lead gains among crypto majors, with rangebound trading in bitcoin (BTC) influencing the broader market.ADA crossed $1, a three-week high, as BTC, ether (ETH), Solana’s SOL and dogecoin (DOGE) added under 2%. The broad-based CoinDesk 20 (CD20), a liquid index tracking the largest tokens by market cap, rose 1.57%.Traders expect bitcoin price-action to remain rangebound until late January, with gains expected from February onward as President-elect Donald Trump takes office, as a CoinDesk analysis previously noted.ADA’s bump came on no immediate catalyst, but the protocol is set to see several fundamental developments in the coming months. These include a bitcoin-centric decentralized financial ecosystem and ongoing efforts to...

Kucoin’s launch of Kucoin Pay aims to drive retail crypto adoption by enabling seamless, borderless payments, lowering fees, and expanding merchant reach through digital currencies. Kucoin Launches Kucoin Pay to Boost Retail Crypto Adoption Cryptocurrency adoption in retail is gaining momentum as crypto exchange Kucoin announced on Thursday the launch of Kucoin Pay, a newSource link

Bitcoin (BTC) started the new year on a high note after tapping into the six-figure mark in 2024. Most observers expect 2025 to be just as remarkable, with projections placing BTC at $185,000 and higher.The road, however, may be as straightforwardly bullish as expected, as the recent price action suggests sellers are looking to reassert themselves, raising the possibility of a notable price drop ahead.We are referring to the price action of December, when bitcoin reached a record high above $108,000 but ended the month negatively, below $94,000, registering its first monthly loss since August.The two-way price action formed a bearish reversal candlestick pattern called the "shooting star" on the monthly chart.The candle features a long upper wick or shadow,...

The largest public fund tracking bitcoin (BTC) recorded its highest outflows on Thursday, nearly one year after going live.BlackRock’s Nasdaq-listed IBIT, which holds over $53 billion in net assets, saw over $332 million leave the fund on Thursday, according to data source SoSoValue. These exceed a short-held previous record of $188 million in late December.IBIT has recorded a string of outflows since Dec. 20 for the first time in its history, data shows, ranging from $17 million to as much as Thursday’s figures.Large outflows can be seen as a lack of confidence in the ETF's strategy, sector, or broader market segment. However, it could also be due to investors rebalancing their portfolios or taking profits, not necessarily a negative outlook...

Binance has secured its 21st regulatory approval with Brazil’s central bank, bolstering its growing dominance and expanding its footprint in Latin America’s booming crypto market. Binance Expands Regulatory Dominance With Brazil Approval Crypto exchange Binance announced Thursday that it has secured approval from the Central Bank of Brazil to acquire Sim;paul, a licensed broker-dealer inSource link