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In a recent statement, Binance CEO Richard Teng offered insights into Bitcoin’s (BTC) evolving role in the financial landscape. As the world continues to face economic uncertainty, Teng emphasized Bitcoin’s position as the leading cryptocurrency and a dependable store of value, likening it to gold as a safe haven during volatile times. Teng pointed to…
Despite recent dips in Pudgy Penguins [PENGU] price, sharp-eyed traders may want to keep their gaze fixed on this playful meme token—because the signals suggest something big could be brewing. At press time, PENGU was trading at $0.01373, down 1.90% in 24 hours. But beneath the surface, whales are making bold moves. One prominent investor…
Metaplanet, the Japanese firm often dubbed Japan’s MicroStrategy, is making waves in the cryptocurrency market with its recent acquisition of 1,271 Bitcoin, bringing its total holdings to an impressive 6,796 BTC. This move not only places Metaplanet ahead of El Salvador in Bitcoin holdings but also signals an ambitious step toward its goal of owning…
Bitcoin traded just under $104,000 on Monday, falling short of re-testing its all-time high of $109,588. Despite last week’s historic trade deals between the U.S., U.K., and China, the crypto market failed to capitalize, signaling a wait-and-watch stance from investors The world’s largest cryptocurrency had ended a prolonged consolidation phase on April 9, rallying past…
1. Whales Unwinding Long Positions Bitcoin whales—large holders of the cryptocurrency—are showing signs of reduced bullish sentiment. In the derivatives market, a significant number of whales are closing their long positions. This trend is concerning as these large players typically drive market movements, and their exit suggests diminishing conviction in the current rally. When whale…
SUI, one of the crypto market’s emerging altcoins, is grabbing headlines again as it breaks out of a long-standing falling wedge pattern on the weekly chart—an event that often precedes powerful rallies. Following this breakout, SUI has surged by an eye-catching 140% from its recent lows, reigniting bullish sentiment and prompting analysts to set their…
Cardano (ADA) is showing strong bullish momentum as its price breaks above the critical $0.74 resistance zone, fueling optimism for a major rally toward $1.20. With open interest in Cardano derivatives surpassing $900 million and staking activity on the rise, analysts are eyeing a potential 50% surge in ADA’s price. After a long consolidation period…
Binance Coin (BNB) is making headlines once again, setting its sights on a major breakout past the $700 mark. This bullish momentum comes on the heels of a significant development on the Binance Smart Chain (BSC): a 90% reduction in gas fees following a proposal from Binance founder Changpeng Zhao (CZ). Currently trading around $634,…
PENGU, the native token of the Pudgy Penguins ecosystem, is experiencing a significant rally, continuing its upward trend for the second consecutive day. After securing a listing on the South Korean crypto exchange Upbit, PENGU has surged over 23%, reaching an intraday high of $0.015 on May 9. This marks a massive 300% gain from…
Cardano (ADA) is making waves in the crypto market this week, emerging as one of the top gainers with a sharp 9.75% jump, currently trading at $0.7957. As traders and analysts turn their attention to ADA’s potential breakout, the buzz is growing louder: is Cardano on the brink of a major rally? Thursday’s rally comes…