The most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more.
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BTC price stampedes to $99.5K hours after record Bitcoin ETF outflow
Bitcoin (BTC) neared $100,000 on Dec. 21 after a “monster” BTC price bounce delivered snap upside. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView BTC price starts weekend with sudden rebound Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it gained $7,000 in under 24 hours. After liquidating leveraged long positions with a trip back to…
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If ETH ‘pullback continues,’ a $3K retrace remains in play — Analyst
Ethereum’s price may remain range-bound between two key psychological levels in the near term as it continues to face difficulty holding above the $4,000 price level, according to a crypto analyst. “Ethereum continues to struggle with the psychological resistance of $4000,” pseudonymous crypto trader Rekt Capital said in a Dec. 20 market report. Over the…
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Lack of proper indexing is throttling DApp speeds — Pangea CEO
Decentralized applications (DApps), also known as Web3 applications, tend to be slower than their Web2 counterparts because they have to organize blockchain data from multiple sources. Maxim Legg, CEO of Pangea — a decentralized data indexing solution — told Cointelegraph that data indexing will fix the speed bottleneck for Web3 applications. Legg said data from…
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Bitcoin correction ‘almost done’ as realized losses rise above weekly average
Bitcoin’s (BTC) daily chart has produced three consecutive red candles for the first time since the first week of November, which coincidentally was the lead-up period to Donald Trump’s US election victory. Another similarity between the last time three or more red candles were observed on the daily chart was that Bitcoin retested the 50-day…
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EigenLayer restaking protocol’s slashing testnet now live
Restaking protocol EigenLayer’s slashing testnet went live on Dec. 20, with a mainnet launch pending approval of EigenLayer Improvement Protocol-002 (ELIP-002). The potential slashing upgrade will introduce Unique Stake Allocation for node operators and Operator Sets for Actively Validated Services (AVS) on EigenLayer. EigenLayer’s Actively Validated Services are projects that leverage the security of the…
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Why is Ethereum (ETH) price down today?
Ether (ETH) price extended its downtrend on Dec. 20, dropping approximately 20% over the last four days. ETH is trading at $3,119, down roughly 15% over the last 24 hours. Ether’s bearish performance on Dec. 20 mirrored similar downside moves elsewhere in the crypto market, with the total capitalization falling by approximately 9% to $3.21…
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Bitcoin dips to $92K in ‘optimal dip-buying’ move as PCE boosts crypto
Bitcoin (BTC) sought relief after the Dec. 20 Wall Street open as a giant leverage flush continued to punish late bulls. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView BTC price retests December lows in leverage wipeout Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering past $96,000 on Bitstamp. Still down 1.5% on the day, Bitcoin…
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Ethereum layer 2s hold $13.5B stablecoin supply
Stablecoins locked onto Ethereum layer-2 networks have reached a new all-time high, showcasing rising demand for cryptocurrencies. The stablecoin supply to all blockchains combined is dominated by Tether (USDT), USD Coin (USDC) and Ethena’s stablecoin, USDe. As of Dec. 20, the Ethereum blockchain held $13.5 billion worth of stablecoins, according to data from Tie Terminal,…
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Cointelegraph Bitcoin & Ethereum Blockchain News
Meaning and importance of a seed phrase explained A seed phrase (also known as a wallet recovery phrase, mnemonic phrase or cryptocurrency seed phrase) is a series of 12 to 24 words generated by your cryptocurrency wallet. Why is the seed phrase important? These words are used to derive your private keys, allowing access to…
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SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
The United States Securities and Exchange Commission (SEC) has given the green light to Hashdex and Franklin Templeton’s respective Bitcoin and Ether index exchange-traded funds (ETFs). In a Dec. 19 notice, the SEC approved Hashdex’s Nasdaq Crypto Index US ETF, which will trade on the Nasdaq stock market. At the same time, the regulator approved…
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Rise of MicroStrategy clones, Asia dominates crypto adoption: Asia Express 2024 review
With the end of the year in sight, Asia Express looks back at some of the most significant developments for Bitcoin and cryptocurrency in the region in 2024. MicroStrategy’s Bitcoin blueprint MicroStrategy has become the poster child for Bitcoin, snapping up 439,000 BTC, according to BitcoinTreasuries.NET — around 2% of the entire supply. Across Asia,…
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Rise of MicroStrategy clones, Asia dominates crypto adoption: Asia Express 2024 review
With the end of the year in sight, Asia Express looks back at some of the most significant developments for Bitcoin and cryptocurrency in the region in 2024. MicroStrategy’s Bitcoin blueprint MicroStrategy has become the poster child for Bitcoin, snapping up 439,000 BTC, according to BitcoinTreasuries.NET — around 2% of the entire supply. Across Asia,…
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Bollinger Bands point to explosive Bitcoin price upside, but how high?
Bitcoin (BTC) could see further upside volatility as BTC’s price revisits key levels, according to a classic technical analysis metric. In a Dec. 18 post on X, John Bollinger, the creator of the Bollinger Bands volatility indicator, said that Bitcoin was positioned for an upward breakout. Bitcoin Bollinger Bands could lead to a “walk up”…
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Why is Solana (SOL) price down today?
Solana’s native token, SOL (SOL), is down 3% on Dec. 19 amid significant corrections across the broader crypto market. Data from Cointelegraph Markets Pro and TradingView shows SOL trading at $210, 20% below its $264 all-time high reached on Nov. 24. SOL/USD daily chart. Source: Cointelegraph/TradingView Let’s look closer at the factors driving SOL price…
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Solana DApp revenue reaches $365M in November 2024, led by memecoins
Solana’s decentralized applications (DApps) surged in November, driven by memecoin launchpad Pump.fun and the blockchain’s decentralized finance (DeFi) ecosystem. Research platform Syndica reported that Solana-based DApps had revenues of $365 million in November. Pump.fun became the first Solana DApp to surpass $100 million in monthly revenue, according to the data. Solana DApps revenue in 2024.…
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Synthetix launches multi-collateral perps on Base amid revamp
Decentralized finance (DeFi) protocol Synthetix has begun accepting multiple token types as collateral for leveraged perpetuals trading on Coinbase’s Base network, Synthetix said on Dec. 18. Launching so-called “multicollateral perps” on Base, one of Ethereum’s most popular layer 2 (L2) scaling networks, is part of a broader revamp of the DeFi protocol after a governance…
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BTC reclaims $100K but weekly chart forming ‘bearish engulfing’ candlestick
Bitcoin reclaimed the key $100,000 psychological level shortly after it slipped below six figures, giving one crypto analyst reason for a short-term bearish view, while others dismissed the dip as routine. “Bitcoin is developing a bearish engulfing weekly candlestick formation,” pseudonymous crypto trader Rekt Capital told their 518,900 X followers in a Dec. 19 post. …
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Bitcoin price drops to $100.3K after Fed rate cut and Powell’s revised 2025 inflation outlook
Bitcoin and the wider crypto market sold off as the Fed announced a 25 basis point rate cut to its benchmark policy rate and signaled that fewer rate cuts than initially planned could take place in 2025. Following Fed chair Jerome Powell’s post-rate cut presser, Bitcoin (BTC) price dropped 4.6% to $101,300, while Ether (ETH)…
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Bitcoin price drops to $100.3K after Fed rate cut and Powell’s revised 2025 inflation outlook
Bitcoin and the wider crypto market sold off as the Fed announced a 25 basis point rate cut to its benchmark policy rate and signaled that fewer rate cuts than initially planned could take place in 2025. Following Fed chair Jerome Powell’s post-rate cut presser, Bitcoin (BTC) price dropped 4.6% to $101,300, while Ether (ETH)…
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4 more virtual asset trading platforms licensed in Hong Kong
The Hong Kong Securities and Futures Commission (SFC) has more than doubled the ranks of approved virtual asset trading platforms (VATPs) with the addition of four firms. A rigorous licensing process Accumulus GBA Technology (Hongkong), DFX Labs, Hong Kong Digital Asset EX and Thousand Whales Technology (BVI) received licenses on Dec. 18. They joined HashKey,…