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Altcoins News
TronWeekly
4w
363
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Ethereum Whale Sells 501 ETH After 2 Years Holding 8052 ETH Worth 20.43M
- An Ethereum whale recently sold 501 ETH worth $1.29 million after being inactive for 2 years and still holds 8,052 ETH worth $20.43 million.
- Another ICO-era whale moved 2,000 ETH worth $5.13 million to Binance after 10 years of dormancy.
- Ethereum price surged by 6.65% to $2,680 before dropping 5% to $2,580.
- Long-dormant Ethereum whales are becoming active, selling significant amounts of ETH and adding selling pressure to the market.
- An Ethereum 'OG' sold 501 ETH and still holds 8,052 ETH, indicating potential profit-taking as ETH trades at elevated levels.
- Another investor from Ethereum's ICO era moved 2,000 ETH to Binance for sale after being inactive for almost a decade.
- The activity of such early investors catches attention in the crypto community and may reflect market sentiment or personal goals.
- Ethereum experienced price volatility with a 6.65% rally to $2,680 followed by a 5% drop to $2,580.
- Outflows from new Ethereum ETFs coincided with the price dip, with Fidelity ETH Fund ETF witnessing significant outflows.
- Despite some outflows, weekly ETF netflows for Ethereum remained positive, indicating ongoing institutional interest.
- The Ethereum market is influenced by whale selling, ETF flows, and broader market sentiment, shaping its current landscape.
- Institutional investors are cautiously optimistic about Ethereum as indicated by positive weekly ETF inflows amidst market fluctuations.
- Traders and investors are monitoring whale activities, regulations, and market sentiment for insights into Ethereum's future moves.
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Bitcoinist
4w
181
Image Credit: Bitcoinist
Analyst Says Ethereum Is Ready To Surge With Higher Lows Against Bitcoin, But There’s A Caveat
- Crypto analyst Michaël van de Poppe sees Ethereum gearing up for a significant move upwards against Bitcoin.
- Van de Poppe warns that Ethereum could drop as low as $2,200 before the expected uptrend.
- The analyst suggests an entry zone for Ethereum between 0.022 and 0.023 on the ETH/BTC chart for ideal entries.
- Van de Poppe anticipates Ethereum reaching 0.03 and potentially surpassing the $3,000 level to reach new highs.
- The analyst is optimistic about Ethereum's performance due to a potential strong move in the altcoin market cap.
- He believes that the cycle is not yet over for Ethereum and other major altcoins.
- Despite Bitcoin dominance rising above 64%, Van de Poppe remains confident in Ethereum's ability to perform well.
- Another crypto analyst, Titan of Crypto, highlights a possible bullish continuation setup for Ethereum.
- Titan of Crypto suggests that if Ethereum maintains its breakout zone, a rally above $4,000 could be likely.
- The analyst previously predicted ETH could even reach $8,500 in this market cycle.
- At present, Ethereum is trading at around $2,500, showing a nearly 2% decline in the last 24 hours.
- Van de Poppe emphasizes that Ethereum's higher lows against Bitcoin hint at an imminent upward breakout.
- The altcoin market cap signals a positive move for Ethereum and other major altcoins in the near future.
- Despite concerns over a prolonged Bitcoin-dominated market, analysts believe Ethereum is poised for a strong performance.
- Titan of Crypto's chart suggests a potential rally for Ethereum above its current ATH of $4,800, with a target of $8,500 in sight.
- Both analysts point to favorable setups and indicators that indicate Ethereum's readiness for a significant surge.
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TronWeekly
4w
195
Image Credit: TronWeekly
Binance Coin (BNB) Eyes Breakout and Primed for Rally Toward $800
- Binance Coin (BNB) is experiencing a positive trajectory with a surge in price, bouncing from the $650 support area.
- Technical indicators like MACD and RSI signal bullish momentum, with upcoming targets at $700, $750, and $800.
- Market sentiment around BNB is strengthening, supported by Bitcoin's upward movement and increased trading volume.
- BNB price is currently at $654.61 with a 24-hour trading volume of $1.71B and a market capitalization of $92.23B.
- BNB has been on an upward trend since surpassing the 200-day moving average at $645, indicating bullish momentum on higher timeframes.
- Traders are focusing on the $650 support level as a potential entry point, with resistance levels at $700, $750, and $800.
- The medium and long-term outlook for BNB remains positive, with short-term signals suggesting a brief sideways pause.
- Traders are monitoring the $645 to $650 range for a potential entry spot, setting profit targets at $700 and $800.
- If BNB clears $700 decisively, new buyers could drive further upside, making BNB one of the most watched altcoins in the coming weeks.
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Coindoo
4w
177
Image Credit: Coindoo
JPMorgan to Pilot Blockchain-Based JPMD Token on Coinbase’s Base Network
- JPMorgan is set to pilot its blockchain-based JPMD token on Coinbase's Base network, an Ethereum Layer 2 network.
- The bank plans to initiate the first JPMD transaction from a Chase wallet shortly, positioning JPMD as an alternative to stablecoins.
- JPMD aims to facilitate sub-second, low-cost transactions for real-time liquidity and near-instant settlement.
- The token will represent commercial bank deposits on a permissioned framework for approved institutional clients.
- Initially limited to the U.S. dollar, expansion to other currency denominations is possible pending regulatory approvals.
- JPMorgan's foray into blockchain experimentation includes the JPM Coin system and reflects a move to merge traditional finance with public blockchain networks.
- The pilot project signifies a step towards faster, on-chain commercial banking transactions, emphasizing real-time fund movements.
- JPMorgan aims to streamline money transfers from days to seconds through the JPMD token on the Base network.
- The initiative highlights JPMorgan's commitment to blockchain infrastructure innovation and institutional-grade compliance control.
- The story was first reported by Coindoo.
- The move showcases JPMorgan's interest in leveraging blockchain technology for enhanced financial services.
- JPMD's use case focuses on enabling quick and cost-effective cross-border transactions with its permissioned access.
- The pilot project aligns with JPMorgan's previous blockchain ventures, including the JPM Coin system.
- The integration of the JPMD token with Coinbase's Base network underscores a strategic partnership between the entities.
- JPMorgan's selection of Base for JPMD signals a push towards real-time settlement solutions in the commercial banking sector.
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Bitcoinist
4w
106
Image Credit: Bitcoinist
Altcoin Market Set For Massive Surge In Coming Months – Is Altseason Finally Here?
- Altcoins are showing signs of a potential surge in the crypto market, with analysts predicting a major uptrend.
- Technical expert Captain Faibik suggests a parabolic rally imminent for altcoins in the third quarter.
- The altcoin market displays a bullish signal on the 1-day time frame chart, hinting at a breakout from a broadening wedge pattern.
- Faibik advises investors to focus on accumulating and holding non-BTC assets in anticipation of the rally.
- Crypto analyst BATMAN predicts a massive Altcoin Season based on historical trends and chart patterns.
- On the 1-week chart, similarities to past cycles suggest a potential surge in altcoin prices.
- Despite the possibility of a repeating trend, experts highlight that history may not always repeat itself.
- Analyst Michael Van De Poppe indicates a strong upward move in the altcoin market cap in the near future.
- The altcoin market may be gearing up for a significant push after a period of subdued price action.
- Analysts recommend investors not to panic sell but to focus on accumulating altcoins as the market shows positive signs.
- The potential surge in altcoins could mark a shift from the dominance of Bitcoin in the crypto market.
- With various altcoins building momentum, a trend towards a potential explosive run is anticipated.
- Chart patterns and historical trends suggest a bullish outlook for altcoins in the coming months.
- Experts emphasize the importance of monitoring market signals and being prepared for a potential altcoin rally.
- The altcoin market is poised for a possible altseason with a surge in prices and renewed investor interest.
- Analysts foresee a positive trend for altcoins in the third quarter of this year, signaling a shift in market dynamics.
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TronWeekly
4w
310
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Dogecoin Battles Resistance, Powerful Breakout Toward $0.20 Gains Momentum
- Dogecoin is currently trading at $0.1743 with a volume of $1.31 billion and a market cap of $26.09 billion, indicating market caution.
- The RSI reading of 43.17 suggests limited bullish strength and ongoing consolidation.
- Flat MACD and low volume demonstrate indecision and lack of a strong trend confirmation.
- After briefly hitting above $0.20 last week, Dogecoin faced bearish pressure and is currently consolidating between $0.170 and $0.180.
- Resistance near $0.1764 is challenging Dogecoin on the 4-hour chart, with the price sticking close to the lower Bollinger Band.
- The RSI below 50 indicates a slightly bearish mood, while the MACD and histogram suggest a lack of strength from both sides.
- Declining trader interest and low volume suggest a consolidative market, with Dogecoin likely to remain in a narrow range until a breakout occurs.
- Traders are awaiting clear signals such as a volume spike or significant RSI breakout before entering new positions, keeping the market bias mildly bearish.
- Dogecoin remains in a sideways consolidation phase.
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TheNewsCrypto
4w
146
SEC Delays Decision on Franklin Templeton’s Solana and XRP ETFs Until Late 2025
- SEC extends review period for Franklin Templeton’s Solana and XRP ETFs to late 2025.
- New deadlines: October 2025 for Solana ETF and November 2025 for XRP ETF.
- Extension reflects ongoing regulatory scrutiny, not an indication of approval or rejection.
- SEC delays decision on Franklin Templeton’s Solana and XRP ETFs until late 2025.
- This delay is due to the SEC's requirement for further analysis, reviewing market integrity, investor protection, and compliance with the Securities Exchange Act.
- Franklin Templeton's ETFs aim to introduce more crypto-based financial products to mass markets, potentially offering the first Solana and XRP spot ETFs in the U.S.
- The SEC's delay is procedural and does not indicate rejection, but rather a thorough review process to ensure regulatory standards are met.
- The SEC's caution with altcoin-based ETFs continues, as questions remain about decentralization and legal status compared to spot Bitcoin ETFs.
- Interest in altcoin ETFs is growing among investors, both institutional and retail, seeking regulated exposure to crypto assets.
- Regulatory uncertainty persists with the review process stretching until late 2025, influencing investor sentiment.
- Institutional and retail investors are keenly observing the SEC's handling of altcoin ETF proposals, anticipating potential entry points into the regulated crypto and financial landscape.
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Coindoo
4w
239
Image Credit: Coindoo
VeChain’s Stargate Launch Could Spark a Major Breakout
- VeChain's Stargate launch has the potential to trigger a significant breakout, according to analyst Michaël van de Poppe.
- The protocol has been strengthening its fundamentals through major upgrades and partnerships.
- Recent developments include UFC President Dana White joining as an advisor and Mugshot app reaching 1 million active users.
- Integration with WanChain and obtaining a MiCA license have expanded VeChain's capabilities and regulatory compliance.
- Partnership with Stella Pay allows Visa-style transactions at millions of retailers, merging Web2 convenience with Web3 utility.
- The upcoming Stargate upgrade introduces NFTs and a new staking system, creating a deflationary environment.
- Stargate aims to boost demand, network value, and ecosystem participation through increased staking rewards and token burns.
- Van de Poppe sees VET's price drop as macro-driven and expects a potential price revisit to $0.12 based on historical patterns.
- With market conditions offering opportunities and Stargate launch on the horizon, VeChain could be undervalued relative to its progress.
- As the crypto market shifts towards strong altcoins, VeChain's enterprise partnerships and real-world adoption position it for potential outperformance.
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Bitcoinist
4w
421
Image Credit: Bitcoinist
Altcoin Chart Transitions From Bearish To Bullish, Is It Time For Alt Season?
- Altcoins are showing fresh momentum as the Total3 chart transitions from a bearish to bullish structure.
- Trader Tardigrade's analysis suggests a potential trend reversal, hinting at the start of an alt season.
- The market completed a Double Top pattern indicating a bearish phase, followed by a decline to the downside.
- The chart now reveals an Inverse Head and Shoulders pattern forming, with the $920 billion level as a crucial resistance point.
- A breakout above this level could signify a transition into a super bullish phase, with a potential target of $1.29 trillion.
- Currently, the right shoulder of the pattern is being formed, awaiting confirmation for a potential strong altcoin season trigger.
- Trader Tardigrade hinted at the possibility of an altcoin season starting in the next few weeks based on technical chart comparisons.
- The analysis compares the market behavior in 2024, which led to a significant altcoin rally, with the current price action in 2025.
- The descending channel pattern in 2025 could result in a potential altcoin season after a pullback and breakout from consolidation.
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TheNewsCrypto
4w
155
Solana Primed for Recovery as MACD Golden Cross and Positive BoP Signal Bullish Reversal
- Solana is poised for a potential price reversal following market-wide weakness that pushed SOL to a multi-month low of $140.21.
- Technical indicators show signs of renewed bullish momentum, indicating a possible conclusion to the recent downturn and potential upward movement.
- The Moving Average Convergence Divergence (MACD) indicator on Solana's daily chart approaches a golden cross formation, suggesting a shift towards bullish sentiment.
- MACD crossovers are significant timing indicators used by traders to identify buy or sell signals; a pending golden cross could attract more buying interest.
- Solana's Balance of Power indicator at 0.36 confirms positive buying pressure and renewed demand, indicating potential upward price movement.
- A positive Balance of Power reading suggests buyer dominance in the market, creating upward price pressure.
- The combination of an approaching MACD golden cross and positive Balance of Power sets a favorable technical environment for potential price appreciation.
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Bitcoinsensus
4w
266
Image Credit: Bitcoinsensus
Ethereum Staking Hits All-Time High—Over 35M ETH Now Locked
- Ethereum's staking reaches an all-time high with over 35 million ETH locked amid market uncertainty.
- Crypto analyst 'Onchain School' reveals a surge in staked Ether, with over 500 ETH staked since June 1st.
- Accumulation addresses holding Ether with no history of selling also hit an all-time high at 22.8 million ETH.
- The total amount of ETH locked in staking now exceeds 35 million, equivalent to $89 billion.
- This increase in staked Ether demonstrates investor confidence in Ethereum's network.
- A rising number of new wallets accumulating Ether signals growing market participation.
- The surge in active validators surpasses 1 million, enhancing Ethereum's decentralization and security.
- This trend suggests a growing demand for Ethereum while liquid supply diminishes, indicating long-term accumulation.
- Institutional interest in Ethereum is on the rise with notable inflows, like BlackRock's investments in June.
- Over $800 million has flowed into Ethereum ETFs in the current month despite economic uncertainties.
- With Ether staking offering a secure investment option, Ethereum's supply dynamics are changing.
- The trend of increasing staking and reduced liquidity could lead to significant price movements for ETH.
- Overall, Ethereum's ecosystem seems to be strengthening with growing staking and institutional interest.
- The article discusses the potential impact of Ethereum staking on price movements and market dynamics.
- The trend exhibits a shift towards increased demand for Ethereum and a tightening of liquidity.
- Institutional investments and high staking levels contribute to Ethereum's resilience amidst market uncertainty.
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TronWeekly
4w
345
Image Credit: TronWeekly
Shiba Inu Price Prediction: Targets $0.00001230 After Bearish Consolidation
- Shiba Inu is currently trading at $0.00001181 with a bearish bias and subdued market activity.
- Technical indicators like RSI (40.34) and MACD remain negative, signaling weak momentum and caution from buyers.
- Bollinger Bands are narrowing, pointing to reduced volatility and the possibility of a breakout in either direction.
- Key levels to watch are $0.00001150 as support and $0.00001230 as resistance, with the trend favoring the downside unless buying volume increases.
- Shiba Inu (SHIB) is trading at $0.00001181 with a 24-hour volume of $153.57 million and a market capitalization of $6.96 billion.
- The market is in a consolidation zone with continuous selling activity and weak recovery attempts visible through red candlesticks.
- The price range has constricted, reflecting market confusion and eroding confidence among bullish investors.
- Technical indicators like RSI and MACD suggest a cautious outlook with bearish momentum.
- A failure to hold support around $0.00001182 could lead to a decline to $0.00001150.
- A breakout above $0.00001206 with strong volume could target the $0.00001230 resistance area.
- Shiba Inu remains at a technical disadvantage, with bear pressure likely leading to a price decline.
- A bullish scenario entails a short-term recovery if key resistance levels are breached with increasing volumes and RSI support.
- The trend is bearish, but a technical rebound is possible depending on market sentiment and potential catalysts.
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Coindoo
4w
70
Image Credit: Coindoo
Bitcoin Drops Below $104,000, Dragging Major Cryptos Down
- Bitcoin has dropped below $104,000 amidst market uncertainty and cautious investor sentiment ahead of the U.S. Federal Reserve’s policy update.
- BTC is currently trading at $103,430, down 3.8% on the day and almost 5% lower over the past week. It has lost key short-term support levels after touching highs above $107,000.
- The decline in Bitcoin indicates weakening buyer momentum despite positive macro sentiment seen earlier.
- The downward trend extended to other cryptocurrencies like Ethereum (ETH), which dropped 6.4% to $2,460, and Solana (SOL) which fell 7% to $146.
- Ripple’s XRP declined by 7.16% to $2.14, while Binance Coin (BNB) retreated 3.5% to $641.
- Investors are closely monitoring macro events, especially the Federal Reserve's FOMC decision, for potential impacts on the market's direction.
- Attention is focused on any dovish policy shifts from the Federal Reserve, which could either fuel a market rebound or prolong the current downtrend.
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Bitcoinsensus
4w
347
Image Credit: Bitcoinsensus
Ethereum Price Prediction: Bounce From $2,400 Or Drop To $2,250?
- ETH price hit $2,400 target after reacting from supply zone.
- Two scenarios: bounce from current demand or drop to $2,250 support.
- The 4H trendline could draw price into deeper demand zone.
- Anticipation over blind prediction may yield better results.
- ETH moved down to $2,400 as anticipated.
- First scenario: quick bounce from minor demand zone towards $2,600-$2,700.
- Second scenario: patience as price may descend to $2,250 demand before moving up.
- Market uncertainty emphasized; study zones and anticipate movements.
- Probabilities not certainties in trading strategies.
- Stay alert and prepared for potential big moves in ETH.
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TronWeekly
4w
141
Image Credit: TronWeekly
Solana ETF Race Intensifies as CoinShares Files New SEC Application
- CoinShares, a leading digital asset manager in Europe, has filed with the SEC to launch a spot Solana exchange-traded fund (ETF) on Nasdaq, seeking regulated exposure to blockchain assets.
- CoinShares plans to offer direct exposure to Solana's native cryptocurrency by tracking the CME CF Solana–Dollar Reference Rate, with Coinbase Custody Trust and BitGo as custodians for secure asset storage.
- Eight firms, including heavyweight financial institutions like Fidelity and Grayscale, are competing to bring Solana ETFs to U.S. markets, showing significant interest in Solana's high-performance blockchain platform.
- Regulatory uncertainty looms over these ETF applications, with the SEC seeking clarification on operational mechanics like in-kind redemptions and potential inclusion of staking features within the ETF structure.
- Bloomberg analysts estimate a 70% approval chance for Solana ETFs, but decisions may be delayed as the SEC reviews the filings, looking at factors such as network outages, security vulnerabilities, and price volatility.
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