#Bitcoin high-entry buyers are driving sell pressure, price may ‘floor’ at K

#Bitcoin high-entry buyers are driving sell pressure, price may ‘floor’ at $70K

Bitcoin’s “top buyers” are selling heavily, with onchain analytics firm Glassnode calling it a “moderate capitulation event.” Bitcoin buyers who purchased around when it hit a $109,000 all-time peak in January are now panic-selling as the cryptocurrency declines, says onchain analytics firm Glassnode, which isn’t ruling out that Bitcoin could slide to $70,000. Glassnode said…

Read More
#Why is Cardano price down today?

#Why is Cardano price down today?

ADA price is down today, and a handful of onchain and technical factors suggest that the downside is not over for the altcoin. Cardano (ADA) price displays weakness on March 11, down 2.5% over the last 24 hours to trade at $0.7250. A weakening technical setup and several onchain signals suggest that ADA could see…

Read More
#4 things must happen before Ethereum can reclaim ,600

#4 things must happen before Ethereum can reclaim $2,600

Ether’s future depends on network upgrades, usage growth, supply decline, and improved layer-2 interoperability. Ether (ETH) price dropped below $2,600 on Feb. 24 and has since struggled to sustain a meaningful recovery. The latest correction toward the $2,000 level triggered over $918 million in leveraged long (bull) liquidations in ETH futures within 15 days, according…

Read More
#Binance announces community voting mechanism for token listings

#Binance announces community voting mechanism for token listings

Major centralized exchanges are exploring and implementing changes to the token listing process as the number of cryptocurrencies grows. Binance, the world’s largest centralized exchange, has announced a community co-governance structure that allows Binance users to vote to list or delist tokens on the platform. According to the announcement, Binance will select projects which the…

Read More
#Bitcoin risks weekly close below K on US BTC reserve disappointment

#Bitcoin risks weekly close below $82K on US BTC reserve disappointment

Bitcoin risks triggering $1.13 billion worth of cumulative leveraged long liquidations if it falls below the $82,000 price support. Bitcoin could face increased downside volatility if it closes the week below the key $82,000 support level as investor sentiment remains subdued following short-term disappointment in the US Strategic Bitcoin Reserve. President Donald Trump’s executive order,…

Read More