Author: admin

The governance token of the prominent decentralized lending protocol Aave AAVE$271.56 has faced substantial selling pressure through the past 24 hours, dipping briefly below the $270 level.The DeFi bluechip plunged 5% in the early Thursday session, sliding nearly 10% lower since this week’s high. It has modestly recovered later in the day U.S. hours, changing hands at around $272.The price action occurred amid a weak session for cryptocurrencies with bitcoin on the verge of breaking below $120,000. The broad market CoinDesk 20 Index was down more than 4% during the day.The technical picture shows bearish momentum for the DeFi major,…

Wall Street giant Citi (C) initiated coverage of crypto exchange OSL (0863) with a buy/high risk rating and a target price of 21.80 Hong Kong Dollars ($2.80), or 22 times projected 2025 price-to-sales. Citi said OSL is well positioned as a regulated digital-asset trading and payments platform, with strong growth prospects tied to institutional crypto adoption and stablecoin-related products. The bank projects revenue growth of 80%, 60% and 36% in 2025, 2026 and 2027, driven by payment finance (PayFi) expansion and a broader regulated market footprint.The firm’s analysts highlighted OSL’s regulatory-first strategy, noting its more than 50 licenses across 10…

An attempted bitcoin BTC$120,676.79 rally back toward a record high was quickly snuffed out and reversed in morning U.S. action on Thursday.Trading just below $124,000 just ahead of the opening of the stock market, bitcoin pulled back to below $121,000 about ninety minutes later. The action happened alongside pullbacks in previously red-hot gold and silver markets.Gold has been making most of the headlines of late, but the action in silver may have been today’s driver. Up 50% from the April lows, the metal hit $50 per ounce for the first time ever on Thursday. That level, though, spurred some fast…

A bill intended to establish a Bitcoin strategic reserve for the US state of Massachusetts received a tepid response after its first legislative action in eight months.In a Tuesday hearing of the Massachusetts legislature’s Joint Committee on Revenue, state Senator Peter Durant testified regarding the bill he sponsored, “an Act relative to a Bitcoin strategic reserve.” The lawmaker largely went over the logistical details of the bill, including having the state treasury use up to 10% of the Commonwealth Stabilization Fund to invest in crypto and allowing any Bitcoin (BTC) or digital assets seized by state authorities to be added…

Crypto chartist Dark Defender says XRP’s current monthly structure has flipped back to the same high-momentum regime that preceded its 2017–2018 vertical run, arguing that a fresh impulsive wave is underway after last year’s breakout. In a detailed thread accompanying a multi-year monthly chart, the analyst urged followers to segment XRP’s history into “Left – Middle – Right,” contrasting a 2017 impulsive setup, a 2021 corrective detour, and what he calls today’s renewed continuation phase. XRP Is Repeating 2017 On the left side of the chart, Dark Defender highlights the 2017 template: candles closing above prior highs, price holding above…

Hedera Hashgraph’s HBAR token fell nearly 5% from $0.22 to $0.21 between Oct. 8 and 9 as institutional caution deepened amid ongoing regulatory uncertainty. Volatility surged to 5.4%, with heavy selling between 01:00 and 08:00 on Oct. 9 pushing volumes above 100 million units per hour. Analysts cited strong resistance at $0.22 and institutional support near $0.21 as key technical levels.The final hour saw accelerated losses, with HBAR slipping another 0.85% to $0.212. A brief recovery attempt at $0.215 quickly failed, and trading volume collapsed to zero in the closing minutes—signaling either technical issues or a complete institutional retreat.The selloff…

Stellar’s XLM token extended its downturn over the past day, sliding 5% from $0.39 to $0.38 between October 8 at 15:00 and October 9 at 14:00. The selloff came amid heavy institutional activity, with volumes reaching 35.51 million — well above average levels — confirming strong distribution pressure.The breakdown below the key $0.38 support level marked a clear shift in sentiment as trading intensified within a narrow $0.019 range. Market structure analysis showed a descending channel pattern forming, with repeated rejections near $0.38 suggesting sustained bearish control.During the final hour of trading, from 13:13 to 14:12 on October 9, XLM…

Key takeaways:Bitcoin retained range-bound trading above $120,000 after an 8% leverage reset in futures.Spot demand and declining open interest point to renewed buyer confidence.The MVRV ratio signaled a potential 15% to 25% upside, targeting $140,000 to $150,000 by the end of Q4.Bitcoin (BTC) continued to range trade between $120,000 and $125,000 after a sharp, but orderly, deleveraging across futures markets, suggesting that $120,000 could emerge as a key demand zone for traders in the short term.According to market analyst Skew, Bitcoin’s recent rebound from the $120,000 level underscored buyer bids at that range. Spot market data from Binance indicated an…

Key points:Bitcoin risks new October lows as sellers regain control and BTC price discovery gets put on hold.Targets include the local range lows at about $108,000 amid bearish divergences.Strength is lacking as daily losses near 3%.Bitcoin (BTC) neared weekly lows after Thursday’s Wall Street open as sellers kept bulls away from price discovery.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewBitcoin “likely” to give way to shorts nextData from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping below $120,000.Down nearly 3% on the day, the pair continued to slice through bid liquidity on exchange order books.“Market does still quote bid liquidity around $121K-$120K but…

As the United States and other countries weigh the prospect of building national cryptocurrency reserves, new research from Chainalysis suggests governments may already be within reach of tens of billions of dollars in potentially recoverable onchain assets — a development that could intersect with those reserve discussions.In a report published Thursday, Chainalysis estimated that crypto balances linked to illicit activity exceed $75 billion. That total includes roughly $15 billion held directly by illicit entities and more than $60 billion in wallets with downstream exposure to those entities.The blockchain analytics company said darknet market operators and vendors control more than $40…