Crypto News

Bitcoin’s momentum cooled slightly after reaching a new all-time high of $118,839, yet the broader trend remains bullish. With bitcoin trading at $118,142, holding a market capitalization of $2.34 trillion, and posting a 24-hour trading volume of $39.03 billion within a range of $116,847 to $118,158, traders are cautiously eyeing the next move. Bitcoin OnSource link

YZi Labs has partnered with 10X Capital to support the creation of the BNB Treasury Company in the United States. New BNB Treasury Company Eyes U.S. Listing With Backing From Crypto Veterans YZi Labs, a global investment firm with a $10 billion portfolio across web3, AI, and biotech, announced its support for 10X Capital’s latestSource link

Cryptocurrency exchange Coinbase announced on Friday that it has acquired the leadership team behind Opyn Markets, a crypto derivatives platform. Opyn CEO Andrew Leon and Head of Research Joseph Clark will provide their expertise in areas such as perpetual options or simply “perps,” which are essentially derivative products with no expiry date. The Opyn teamSource link

Bitcoin’s rally to $120,000 this week has sparked a broader breakout across major crypto assets, with ether (ETH), Solana’s SOL, XRP, and dogecoin (DOGE) all posting high single-digit percentage gains.However, this time, price action isn’t just about momentum, as traders claim that market structure is evolving under the weight of institutional influence.“This isn’t a frenzied boom with no foundation,” said Seamus Rocca, CEO of Xapo Bank. “It’s a measured ascent, backed up by large institutional players with the long-term in mind.”Rocca pointed to tight monetary policy and geopolitical volatility as reinforcing Bitcoin’s emerging role as a macro hedge, adding that “the momentum we’ve seen over the last 48 hours is clear. Bitcoin isn’t just growing in value, but also as...

Algorand (ALGO) sees positive momentum with staking launched on Binance and Crypto.com, Wormhole integration improving multi-chain transfers, and a price climb to $0.22. (Read More)Source link