Over the past week, Solana’s native token SOL (SOL) suffered a notable 21% drop, hitting its lowest point in almost six weeks. This decline resulted in approximately $113 million worth of leveraged long SOL futures contracts being liquidated since April 11. This large-scale liquidation indicates that investors may have held overly positive expectations after SOL’s … Read more
BNB was rangebound, for now. A move beneath the range was favored, but a breakdown was not yet confirmed. Since March 19th, Binance Coin (BNB) has remained within a set price range. This range spanned from approximately $505 to $630. At the current trend, BNB was poised to test those lower limits again. In the … Read more
Grayscale has bought the dip and added 32K LTC coins to its Trust. Litecoin has enjoyed explosive growth as the preferred crypto pay option. In simpler terms, the value of cryptocurrencies, especially alternative coins, has dropped by around 30-40%, creating significant markdowns. For instance, Litecoin [LTC], which was previously worth over $112.8, is now trading … Read more
In March, Magic Eden, an online marketplace specializing in non-fungible tokens (NFTs) on the Solana blockchain, achieved its highest monthly sales volume. This figure exceeded that of the current industry frontrunner, Blur. The NFT trading volume on CoinGecko surged by 194.4% in March, reaching a total of $756.5 million. In contrast, Blur experienced only a … Read more
SOL’s Futures Open Interest has dropped to its lowest level in two months. Key technical indicators suggest that the coin’s price decline may continue. The open interest for Solana’s [SOL] futures contracts has dropped to its lowest point in the past two months, as reported by Coinglass, due to the overall market decline. The term … Read more
Bitcoin spot ETF sees zero netflow. GBTC holdings continue to decline. Since the successful authorization and debut of the Bitcoin [BTC] spot ETF, Grayscale’s Bitcoin assets have seen a decrease in value. For the first time since its inception, many platforms have reported no new investments following the ETF’s launch. Grayscale’s Bitcoin holdings halves A … Read more