Author: Yeek.io

Stablecoin exchange reserves highlighted rising buying power in the market Bitcoin’s dominance chart suggested the market could favor BTC in the coming weeks Tether [USDT] and USD Coin [USDC] are the largest stablecoins by market capitalization right now. In fact, their combined dominance stood at 7.19% at press time. The dominance trends of Bitcoin [BTC] or stablecoins can shed light on market-wide sentiment and what the future price movements could be. Hence, the question – What can we find out from their metrics, and how does it combine with the BTC dominance chart to give actionable insights for traders? Stablecoin…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin is currently trading below the $87,000 level, struggling to find momentum as bearish pressure and market volatility continue to create uncertainty. Despite attempts to stabilize, BTC remains under pressure, with traders looking for signs of a potential trend reversal or deeper correction. On Thursday, US President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve, a move that many believed would boost market confidence. However, Bitcoin fell after the announcement as the executive order failed to meet investor expectations, leading to further sell-offs…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Binance co-founder Changpeng Zhao has suggested that the highly anticipated Altseason isn’t here yet as most altcoins continue bleeding, while some market watchers consider the worst might be over soon. Related Reading CZ Says There’s No Altseason Yet On…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum has faced massive selling pressure and volatility over the past month as the entire crypto market trends downward, pushing ETH toward crucial demand levels. With uncertainty dominating the market, traders remain cautious as Ethereum struggles to reclaim lost ground.…

Solana (SOL) has dropped by 7.50% in the last 24 hours to reach around $142 on March 7, mirroring losses across the cryptocurrency market.SOL/USD four-hour price chart. Source: TradingViewTop reasons driving the SOL prices lower today include:Digital Asset Stockpile fails to impress SOL bullsSolana’s price tumbled today as crypto markets reacted to President Donald Trump’s executive order establishing a US strategic Bitcoin reserve and digital asset stockpile.What to know: Investors had expected the US government would actively purchase Bitcoin and other cryptocurrencies, but the order specified no new acquisitions beyond assets already forfeited.Trump fulfilled his campaign promise to establish a…

Bitcoin is making an effort to stage a comeback after dipping to $85,211, but a lack of strong momentum is casting doubt on the recovery. While buyers are attempting to regain control, technical indicators suggest that bullish strength remains fragile, raising concerns about whether BTC can sustain its rebound or face another pullback. With key resistance levels ahead and market sentiment still uncertain, Bitcoin’s next move remains unpredictable. If buyers fail to build enough momentum, BTC could struggle to push higher, leaving it vulnerable to renewed selling pressure.  Bitcoin Tries To Bounce Back BTC’s current price action indicates that bulls…

White House crypto and AI czar David Sacks rejected the idea of taxes on each cryptocurrency transaction as a method of filling the US strategic Bitcoin (BTC) reserve and crypto stockpile with digital assets.During a recent appearance on the All In Podcast, host Jason Calacanis proposed charging a 0.01% tax on every cryptocurrency transaction, which would be denominated in the asset that is transferred, bought or sold. Sacks responded:“That’s always how taxes start. They are described as being very modest. You know, when the income tax started, it only applied to like a thousand Americans, and the legislators swore up…

Surge in XRP’s NVT ratio hinted at a hike in whale activity, suggesting potential volatility XRP’s consolidation within a symmetrical triangle pointed to an imminent breakout or breakdown A massive transfer of 150 million XRP, valued at over $380 million, recently took place between two unknown wallets. As expected, this has sparked significant curiosity across the crypto market.  This whale activity has caught the attention of many traders and analysts too, many of whom are now questioning whether this will trigger a major price shift or if it is simply a routine transaction. At press time, XRP was trading at…

The Bitcoin (BTC) community voiced mixed reactions to the March 7 White House Crypto Summit, with some investors characterizing it as a historic day for Bitcoin and cryptocurrencies, while others called the event underwhelming.Crypto trader Miles Deutscher said the event was a “massive net positive” for Bitcoin, despite the mixed reactions.Kyle Samani, the managing partner at Multicoin Capital and an attendee of the summit, characterized it as a “historic moment” for the cryptocurrency industry.Following the event, Coin Bureau founder and CEO Nic Puckrin asked, “Just looking at the charts, I can assume that nothing groundbreaking came from the White House…

NFT Market Fall: A Short OverviewNFT markets developed incredibly rapidly towards the close of 2023. The trend swiftly turned, however. NFT trading volume hit $1.36 billion, based on data by DappRadar. By January, it dropped by 26%. The decline accelerated in February, with another 50% drop.Here’s how the numbers look:MonthTrading VolumePercentage ChangeDecember$1.36 Billion–January$1 Billion-26%February$500 Million-50%This dramatic drop signals a shift in investor interest and overall market health.What’s Behind the NFT Market Decline?Several factors contribute to the market slump:Global Economic Uncertainty: The US introduced tariffs on its allies and trading partners, affecting investor confidence.Market Speculation: Many NFT projects failed to deliver…