Author: Yeek.io

Journalist Posted: February 27, 2025 ENA could soar by 65% to reach the $0.65 level if it holds the $0.36 level. Traders were over-leveraged at $0.394 on the lower side and at $0.418 on the upper side. Ethena [ENA]  is gaining widespread attention from crypto enthusiasts amid market uncertainty. At the time of writing, the blockchain-based transaction tracker Lookonchain posted on X (formerly Twitter) that a newly created wallet had withdrawn 14.51 million ENA tokens worth $5.95 million from Binance. This substantial token withdrawal hints at potential accumulation by crypto whales. It serves as a perfect example of the “Buy…

Este artículo también está disponible en español. Ethereum price started a fresh decline from the $2,450 resistance zone. ETH is now consolidating losses and might face hurdles near $2,400 and $2,450. Ethereum is facing an increase in selling below the $2,450 zone. The price is trading below $2,500 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,390 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,400 and $2,500. Ethereum Price Extends Losses Ethereum price failed to clear…

Este artículo también está disponible en español. The crypto market is experiencing a significant upheaval, with a staggering $300 billion erased in just 24 hours. This massive sell-off has raised concerns among investors, prompting analysts to explore the underlying causes of this dramatic decline. Bitcoin And Ethereum Plummet According to insights from the Kobelsi Letter, a global commentator on capital markets, the frequency of “flash crashes” in the crypto sector has surged since January. These rapid price declines can occur without major bearish news, leaving investors puzzled about the sudden volatility. The recent downturn began with Bitcoin (BTC), which initially…

Through cloud mining, users can generate Dogecoin and Bitcoin earnings without purchasing expensive equipment. Selecting the best platform from the numerous available options can be challenging. This article presents a list of top cloud mining services for 2025 to help users select profitable platforms that are trustworthy and reliable.What is Cloud Mining?Cloud mining leverages processing power from remote data centers to mine Dogecoin, Bitcoin, and other cryptocurrencies. You purchase a service rather than costly mining equipment because other people handle the technical requirements. Because cloud mining requires less upfront cost, newcomers and those who want to avoid major power investment…

Homepage > News > Finance > Digital euro project expands while US remains against CBDC The European Central Bank (ECB) recently announced it was expanding its initiative to settle transactions between institutions with a wholesale central bank digital currency (CBDC) payment system. The initiative will progress in two stages. First, the CBDC settlement platform will be developed, with a timeline to be announced soon. Second, the ECB will look at more integrated, long-term solutions, including international operations like foreign exchange settlement. “This is an important contribution to enhancing European financial market efficiency through innovation,” said ECB Executive Board member Piero…

A popular market analyst known for his timely crypto calls says that the astronomical altcoin gains of the last cycle are probably never going to happen again. Pseudonymous trader Pentoshi tells his 858,600 followers on the social media platform X that altcoins now have less potential to print the same level of gains seen in 2017-2021 because the market has significantly expanded and the total market cap started at a much higher level this cycle. “Well some updated thoughts. I think for alts, we will never see a run like 2017-2021 again. But I also said that previous to this…

Today, the Senate Banking Subcommittee on Digital Assets hosted its first hearing, entitled “Exploring Bipartisan Legislative Frameworks for Digital Assets,” at which certain members of the subcommittee and crypto industry witnesses predominantly discussed stablecoin regulation. Senator Cynthia Lummis (R-WY), a long-time proponent of the Bitcoin and digital asset industry, presided over the hearing with assistance from ranking member of the subcommittee, Senator Ruben Gallego (D-AZ). The witnesses included Tim Massad, former CFTC Chair and Research Fellow at the Kennedy School of Government at Harvard University; Jai Massari, Chief Legal Officer at Lightspark; Jonathan Jachym, Global Head of Policy and Government…

Este artículo también está disponible en español. The market intelligence platform IntoTheBlock has revealed how the largest of Bitcoin holders have been the ones applying selling pressure amid the price decline. Bitcoin Mega Whales Have Been Reducing Their Supply Recently In a new post on X, IntoTheBlock has discussed the latest trend in the Bitcoin supply held by the whales. The ‘whales‘ broadly refer to the entities who own more than 1,000 tokens of the cryptocurrency. Related Reading At the current exchange rate, this amount converts to a whopping $88.9 million, so the only investors who would qualify for the…

The cryptocurrency market has been facing significant short-term volatility, with the overall market cap currently standing at $3.05 trillion – a 3.33% decline in just 24 hours. The market had peaked at an impressive $3.91 trillion in December 2024, meaning it has dropped by nearly 22% in the last couple of months.This turbulence has particularly impacted the meme coin sector. Once soaring to a staggering $225 billion valuation in January 2025, the meme coin market has now corrected sharply to just $64.8 billion, marking a massive 71% decline in only a few months.As investors look for stability amid this downturn,…

Journalist Posted: February 27, 2025 Cardano was down 50% from its December peak of $1.3.  At press time, ADA’s price hit a pivotal point, but demand was still weak.  Cardano’s[ADA] weekly losses topped 12% as bearish pressure continued following Bitcoin’s [BTC] drop below $90K. Even the Grayscale Cardano ETF acknowledgment didn’t induce much demand, reinforcing macro uncertainty as a key risk factor for the altcoin and broader market.  However, the slight 2% drop in Bitcoin dominance was positive news, which could offer relief to altcoins, including ADA. So, what does price action imply?  Cardano hits pivotal level Source: ADA/USDT, TradingView…