Crypto News

Dogecoin (DOGE), the world's largest meme cryptocurrency by market value, has regained some poise, having formed a bullish double bottom pattern during the overnight trade.DOGE has gained over 2% to over 16 cents since early Asian hours, reversing part of Monday's slide from 16.63 cents to 15.67 cents, according to data source CoinDesk.Per CoinDesk's AI research, the cryptocurrency formed a "double bottom pattern" around the 15.7-15.8 cents zone with above-average volume. The bounce is consistent with the recovery in market leader bitcoin (BTC), which has bounced to $107,000 from the overnight low of around $105,200.The double bottom forms after a notable sell-off and is characterized by two bottoms at approximately the same level, separated by a brief recovery. An eventual...

Korean virtual asset investors show a clear preference for Bitcoin ( BTC) as a primary holding, gradually diversifying into altcoins and stablecoins as they gain experience, according to a new study. Crypto Investors Typically Hold Two Coins A new study from the Hana Financial Research Institute highlights a significant trend among Korean virtual asset investors:Source link

The premium in bitcoin (BTC) futures listed on the global derivatives giant Chicago Mercantile Exchange (CME) has narrowed sharply, a sign of reduced institutional appetite.The annualized premium in rolling three-month futures has dropped to 4.3%, the lowest since October 2023, according to data tracked by 10x Research. That's down significantly from highs above 10% seen early this year.The decline in the so-called basis, despite BTC's price holding steady above $100,000, indicates fading optimism or uncertainty about future price prospects.The drop is consistent with the slide in the funding rates in perpetual futures listed on major offshore exchanges. According to 10x, funding rates recently flipped negative, suggesting a discount in perpetual futures relative to the spot price, which is also a...

The U.S. Treasury has targeted a Russian firm linked to ransomware, infostealers, and darknet drug markets involving crypto.Source link

Bitcoin hit a record monthly close in June, but experts say on-chain data is missing the scale of institutional demand via ETFs and OTC desks.Source link