Crypto News

An attempted rally in crypto earlier on Thursday was met by steady selling throughout the U.S. afternoon hours.After rising above $113,000 level at one point, bitcoin (BTC) retreated to $111,800 late in the session, down about 0.7% over the past 24 hours. The selling in ether (ETH) and XRP (XRP) was a bit more sizable, with those tokens lower by 2.1% and 1.4%, respectively.Outperforming among the majors was Solana's SOL (SOL), which rose 3.1% over the past day.Quietly on the rise even as bitcoin struggled mightily over the past two weeks is gold. The yellow metal was higher by another 0.8% on Thursday to $3,477 per ounce. For the month of August, gold's outperformance is even more stark — a...

Bitcoin dominance is falling and altcoins are heating up. Here's what the charts have to say about it.Source link

AAVE trades at $315.17 after mixed week of whale accumulation and governance FUD, with technical indicators showing conflicting signals for traders. (Read More)Source link

Polkadot's DOT earlier Thurwday rose more than 2%, with institutional volume patterns suggesting professional participation, according to CoinDesk Research's technical analysis model.The model showed the digital asset demonstrating textbook institutional accumulation behavior, initially testing support at $3.81 before executing a measured advance to $4.02 accompanied by substantial volume of 4.6 million units.Trading volumes exceeding 320,000 units during the initial decline phase indicate institutional repositioning rather than retail panic, with subsequent buying interest establishing clear support levels around $3.90-$3.91, according to the model.The move higher in Polkadot reversed though, with the price slipping back to that $3.90 support.On the news front, the Republic of Paraguay has committed $6 million to a Polkadot-based tokenization initiative, according to a post on X ,...

American fintech Rain, which issues cards backed by stablecoins, has raised a total of $88.5 million.Source link