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28 minutes ago

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Crypto Market Sees Two-Day Decline, DePIN Sector Leads Losses

The cryptocurrency market has experienced a two-day decline, with the DePIN sector leading the downturn, falling 4.22% in the past 24 hours, according to SoSoValue data. Notable losses within the sector include Filecoin (FIL), which dropped 8.55%, and Golem (GLM), which fell 10.07%. Bitcoin (BTC) also declined by 0.74%, slipping below $95,000, while Ethereum (ETH) remained relatively stable, decreasing by only 0.21% to hover around $3,300. Other sectors also faced declines, with the CeFi sector down 0.37%, although NEXO (NEXO) rose 1.13%. The Layer1 sector fell 1.32%, despite TRON (TRX) surging 2.30%. The PayFi sector dropped 2.11%, but Dash (DASH) rose 3.50%. The Layer2 sector decreased by 2.52%, with Mantle (MNT) gaining 0.99%. The DeFi sector saw a 2.59% decline, though River (RIVER) surged 8.12%. The Meme sector fell 2.93%, while MemeCore (M) increased by 1.65%. Historical performance indices for ssiGameFi, ssiDePIN, and ssiSocialFi also showed declines of 4.53%, 4.26%, and 3.20%, respectively.

BTC -0.74% DASH +2.71% ETH -0.46% FIL -4.76% GLM -8.97%
1 hour ago

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EigenCloud's TVL on Ethereum Drops 1.29% in 24 Hours

EigenCloud, operating on the Ethereum blockchain, reported a total value locked (TVL) of $14.31 billion. Over the past 24 hours, the platform experienced a decrease of $184.6 million, marking a 1.29% decline. Despite this short-term drop, EigenCloud's TVL has increased by $628.3 million, or 4.39%, over the past week, indicating a positive trend in the longer term.

EIGEN -4.41% ETH -0.46%
1 hour ago

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Phemex Crypto Market Daily: Ethereum Hits Record On-Chain Activity as Crypto Market Faces ETF Outflows (Jan 16)

Key Takeaways:
1. Macro Environment US December CPI rose 2.7% YoY, keeping Fed policy cautious and supporting a strong USD, which pressures crypto risk sentiment. The Bank of Korea held rates at 2.5%, prioritizing FX stability and ending its easing cycle, which may reduce volatility in Korean-linked crypto flows. The US Senate delayed its crypto market structure bill amid industry pushback, increasing regulatory uncertainty and impacting major crypto equities. 2. Crypto Market The crypto market saw mild declines over the past 12 hours, with Bitcoin down 1.1% to $95,493 and Ethereum down 0.6% to $3,306.82, as ETF outflows and risk-off sentiment weighed on prices. Altcoins broadly underperformed, with Internet Computer (ICP) dropping 7.6%, PUMP.fun (PUMP) down 3.4%, and PancakeSwap (CAKE) nearly flat at -0.3%. Ethereum set a new all-time high in daily on-chain transactions, but this failed to offset overall market weakness. 3. Today's Outlook Today, Aave DAO begins discussions on revised revenue-sharing terms, which could impact DeFi governance sentiment. FOGO will unlock 1.54 billion tokens ($74.66M, 15.44% of supply), potentially increasing volatility and affecting its market cap.

BTC -0.74% CAKE +0.10% ETH -0.46% ICP +0.98% PUMP -2.61%
2 hours ago

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Crypto Fear & Greed Index Drops to Neutral for First Time in Three Months

The Crypto Fear & Greed Index has fallen 12 points to 49, marking a shift to neutral sentiment for the first time in three months. This change reflects a balanced investor outlook amid mixed economic signals and evolving regulatory landscapes. The index, which ranges from 0 (extreme fear) to 100 (extreme greed), is a key indicator of market psychology, incorporating factors such as volatility, trading volume, and social media sentiment. The recent decline was driven by a notable decrease in market volatility and trading volume, alongside reduced social media engagement. Despite the neutral sentiment, institutional adoption and technological advancements in blockchain continue to progress, suggesting a period of market consolidation rather than immediate directional movement. Analysts view this as an opportunity for strategic positioning and fundamental assessment.
3 hours ago

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Ondo Finance TVL Surpasses $2 Billion Amid Tokenized Asset Growth

Ondo Finance has achieved a significant milestone with its Total Value Locked (TVL) surpassing $2 billion, driven by substantial inflows into tokenized U.S. Treasuries and equities. This marks a notable increase from less than a year ago, highlighting the growing institutional interest in tokenized assets and Ondo's strategic market positioning. The surge in TVL underscores the increasing integration of real-world assets into blockchain platforms, with tokenized U.S. Treasuries, stocks, and ETFs being key contributors. Under the leadership of CEO Nathan Allman, Ondo Finance has expanded its offerings, bridging traditional and crypto markets. This trend reflects a broader acceptance of blockchain applications by established institutions, potentially reshaping market dynamics and enhancing transparency and efficiency in trading.

ONDO -3.25%
3 hours ago

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Ethereum Holds Above 50-Day MA, Eyes Further Gains

Ethereum (ETH) is maintaining its upward momentum, holding above key support levels, with a 1.1% increase in the past 24 hours. Trading between $3,281 and $3,386, ETH has shown a 15.0% gain over the past 30 days, reflecting strong investor confidence. The cryptocurrency is currently consolidating near the higher end of its range, having reclaimed the mid-range of the Fibonacci ribbon and holding above the 50-day moving average at $3,289. Despite this positive trend, Ethereum faces resistance between $3,465 and $3,859, which could limit further gains in the short term. The Average Directional Index (ADX) indicates a moderately improving trend, suggesting that momentum is building. Analysts note that Ethereum is trading within an ascending triangle pattern, a potential bullish reversal formation, which could lead to further upside if the price breaks above the current resistance levels.

ETH -0.46%
3 hours ago

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XRP Faces Key Resistance Amid Regulatory Delays, Analyst Warns

XRP is nearing significant resistance levels, according to analyst Zach Rector, who cautions that this could either support a brief rally or trigger a correction. Rector highlights the 0.236 Fibonacci level near $2.27 as a critical decision point, with potential for XRP to climb towards $2.40. However, a rejection at this level could indicate weakening momentum and lead to a pullback. Rector also points to regulatory uncertainty in the U.S. as a factor that could increase volatility. Delays in crypto legislation, such as the CLARITY Act, and political developments in Washington, D.C., may impact market sentiment. Historically, XRP has been sensitive to regulatory news, with past delays leading to price volatility. Currently, XRP is trading at $2.11, down 1.52% in the last 24 hours.

XRP -2.17%
4 hours ago

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Nikita Bier Reveals Most Searched Cashtags on X

Nikita Bier has released data highlighting the most searched cashtags on the social media platform X. This information provides insight into current market trends and where investor interest is concentrated. The data offers a valuable snapshot for traders and analysts looking to gauge market sentiment and identify potential investment opportunities.
5 hours ago

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TOTAL2 MACD Bullish Crossover Signals Potential Altcoin Rally

The TOTAL2 index has registered a bullish MACD crossover, historically a precursor to significant altcoin rallies. This technical signal suggests a potential broad-based altcoin expansion, with past occurrences aligning with gains exceeding 100%. Analysts anticipate a gradual market expansion rather than a rapid price surge, indicating a shift in momentum across non-Bitcoin digital assets. Hedera, Gigachad, and Algorand are showing distinct accumulation patterns, with Hedera stabilizing through steady network metrics and Algorand maintaining strong on-chain activity. Meanwhile, Notcoin and Fartcoin exhibit unconventional strength, driven by high engagement and transaction frequency. The current market setup is seen as disciplined, with cautious sentiment and selective exposure, suggesting a dynamic phase for altcoins despite controlled volatility.

ALGO -5.01% FARTCOIN -1.46% HBAR -2.96% NOT -2.37%
5 hours ago

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MANA/USDT Surges 26% as Bullish Trendline Break Signals Market Shift

MANA/USDT has rallied 26% following a breakout above a multi-month descending trendline, confirming a bullish market structure. The price has established higher highs and lows, with former resistance at $0.135–$0.140 now acting as support. This shift indicates renewed capital inflows and positive sentiment, as market capitalization recovers to the $290–$300 million range. The trendline break, occurring at the end of December, marked a transition from controlled distribution to buyer commitment, with prices holding above the breakout level. The reclaimed support zone has reinforced the bullish outlook, with shallow pullbacks and expanding bullish candles suggesting sustained demand. Market capitalization growth, supported by increased volume, underscores the legitimacy of the move, with capital rotation driving the recovery rather than short covering.

MANA -1.36% USDT -0.01%
8 hours ago

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SAND Price Breaks Trendline, Signals Short-Term Bullish Momentum

SAND has broken a descending trendline, indicating a potential shift in momentum after a prolonged bearish phase. The price, which had been constrained between $0.23 and $0.30, recently showed signs of exhaustion near $0.11 to $0.12, suggesting weakening sell pressure. This breakout follows weeks of compression, hinting at increased market participation. Despite the breakout, SAND faces significant resistance near $0.20 to $0.23, a previous consolidation range that now acts as a supply zone. Analysts caution that without strong volume and acceptance above this range, upward moves may be limited to retracements. On the 15-minute chart, SAND shows a base forming near $0.113 to $0.114, with higher lows indicating a short-term bullish structure. The price is currently consolidating between $0.126 and $0.129, maintaining a constructive short-term outlook if it holds above $0.125.

SAND -4.74%
8 hours ago

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Grayscale's Ray Scale: Macro Forces Now Drive Crypto Markets

Grayscale's Head of Product & Research, Ray Scale, has stated that the traditional four-year crypto cycle is no longer the primary driver of cryptocurrency markets. In a recent interview, Scale emphasized that macroeconomic factors are now the dominant influence on market movements. This shift suggests that investors should focus more on global economic trends rather than relying solely on historical cycles.
8 hours ago

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Coinbase Expands Derivatives with LIT Perpetual Futures Launch

Coinbase has announced the upcoming listing of LIT perpetual futures contracts on its advanced trading platform, marking a strategic expansion of its derivatives offerings. This move provides both institutional and retail traders with new tools for exposure and risk management, enhancing Coinbase's role in the global digital asset ecosystem. The LIT token, which powers a decentralized cloud computing network, now joins a select group of assets available for leveraged derivatives trading on a major U.S.-regulated platform. The introduction of LIT perpetual futures comes amid a rapidly maturing regulatory landscape, with Coinbase ensuring compliance with U.S. Commodity Futures Trading Commission guidelines. This regulatory adherence differentiates its offering from many offshore platforms, potentially attracting a more cautious investor base. The listing is expected to increase LIT's market liquidity and volatility, while also broadening its investor base by attracting sophisticated capital and algorithmic trading firms. This development underscores the ongoing institutionalization of crypto markets, as products like regulated perpetual futures are prerequisites for larger-scale adoption by hedge funds and corporate treasuries. Coinbase's move directly addresses this demand, bridging decentralized project tokens with traditional financial market structures.

LIT -11.18%
11 hours ago

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Crypto Market Sees $356M in Liquidations, Long Positions Suffer Most

The cryptocurrency market experienced significant liquidations totaling $356 million over the past 24 hours, according to Coinglass data. Long positions were hit hardest, with $214 million liquidated, while short positions saw $142 million in liquidations. Bitcoin (BTC) accounted for $103 million of the total, and Ethereum (ETH) liquidations reached $80.7 million. A total of 125,326 traders were affected by these liquidations. The largest single liquidation event occurred on the PUMP-USD trading pair on Hyperliquid, amounting to $11.1 million.

BTC -0.74% ETH -0.46% PUMP -2.61%
12 hours ago

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U.S. Stock Market Gains as Crypto Sector Faces Declines

The U.S. stock market opened with positive momentum, as the Dow Jones Industrial Average rose by 0.29%, the S&P 500 increased by 0.61%, and the Nasdaq Composite climbed 0.89%. In contrast, the cryptocurrency sector experienced a downturn. Solana fell by 2.29%, Coinbase dropped 2.27%, Circle decreased 1.99%, SharpLink declined 1.66%, MicroStrategy (MSTR) slipped 1.08%, and Bitmine edged down 0.10%. The data, sourced from msx.com, highlights the mixed performance across traditional and digital asset markets. Msx.com, a decentralized RWA trading platform, offers a wide range of tokenized assets, including U.S. stocks and ETFs such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.

SOL -1.92%
12 hours ago

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Analysts See Structural Parallels to 2021 Altcoin Season

Analysts are observing structural similarities in the altcoin market that echo the setup before the 2021 altcoin season. Key indicators, such as the altcoin to Bitcoin market cap ratio, suggest a potential repeat of past cycles. This ratio, which measures altcoin strength relative to Bitcoin dominance, has stabilized after a prolonged downtrend, with a monthly golden cross signaling a possible trend transition. Bitcoin dominance is also under scrutiny, as it tests a long-term descending resistance line reminiscent of the 2021 altcoin season. Analysts note that a break below 45% dominance could trigger significant altcoin rallies, similar to past cycles. Meanwhile, the total altcoin market cap shows signs of long-term accumulation, with higher lows since 2022, indicating a potential for gradual growth. Despite these structural signals, sentiment indicators remain muted, suggesting the market has yet to fully price in a potential altcoin rotation.

BTC -0.74%
12 hours ago

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Phemex Crypto Market Daily: Bitcoin and Ethereum Rise as Altcoins Surge; Zcash Jumps on SEC News (Jan 15)

Key Takeaways:
1. Macro Environment US December CPI rose 2.7% year-over-year, with core CPI at 2.6%, keeping inflation above the Fed's target and delaying rate cuts. The Federal Reserve maintains a cautious stance, prioritizing inflation control over rapid easing, which tempers risk sentiment. Regulatory uncertainty persists as the US Senate delays the Digital Asset Market Clarity Act, while the SEC's closure of the Zcash probe boosts confidence in privacy coins. 2. Crypto Market The crypto market shows a mild uptrend, with Bitcoin up 1.03% at $96,738 and Ethereum up 1.31% at $3,365.99, supported by strong ETF inflows and robust staking activity. Internet Computer (ICP) leads altcoins, surging 5.04% to $4.28 on tokenomics reform news, while PancakeSwap (CAKE) rises 4.68% to $2.14 and PUMP.fun (PUMP) gains 5.62% to $0.00296, both driven by deflationary proposals and protocol revenue growth. Zcash (ZEC) climbs 4.14% to $435.70 after the SEC closed its investigation, while DYDX (DYDX) slips 3.33% to $0.2045 amid governance vote volatility. 3. Today's Outlook Key events today include major token unlocks: DRIFT, Solayer, Verida, ZTX, and Vana will release over $10M in tokens, potentially impacting short-term price action. Monitor for volatility in these assets as unlocks approach.

BTC -0.74% CAKE +0.10% DYDX -4.71% ETH -0.46% ICP +0.98%
12 hours ago

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Crypto Cards Monthly Volume Surges to Over $1.5 Billion

Crypto Cards have experienced a significant increase in transaction volume, rising from $100 million to over $1.5 billion monthly, according to Artemis research. The annualized transaction volume now stands at approximately $18 billion, comparable to the scale of stablecoin P2P transactions. Visa dominates the Crypto Cards market, controlling over 90% of on-chain transaction volume. Full-stack card issuers are actively reshaping the entire payment stack.
13 hours ago

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CoinGlass Bull Market Indicators Remain Inactive This Cycle

CoinGlass reports that none of its 30 bull market peak indicators have been triggered in the current cycle. This suggests that, according to CoinGlass's metrics, the cryptocurrency market has not yet reached a peak, despite recent fluctuations. The absence of these signals may indicate potential for further growth or a lack of the typical signs of a market top.
13 hours ago

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CME Group to Launch ADA, LINK, and XLM Futures on February 9

CME Group is set to introduce futures contracts for Cardano (ADA), Chainlink (LINK), and Stellar (XLM) on February 9. This move will coincide with the launch of 24/7 trading in CME's $39 billion cryptocurrency market, expanding its offerings to include these popular altcoins. The introduction of these futures contracts is expected to provide new opportunities for traders and investors in the crypto derivatives market.

ADA -4.05% LINK -1.60% XLM -2.49%

Crypto Market Sees Two-Day Decline, DePIN Sector Leads Losses

EigenCloud's TVL on Ethereum Drops 1.29% in 24 Hours

Phemex Crypto Market Daily: Ethereum Hits Record On-Chain Activity as Crypto Market Faces ETF Outflows (Jan 16)

Crypto Fear & Greed Index Drops to Neutral for First Time in Three Months

Ondo Finance TVL Surpasses $2 Billion Amid Tokenized Asset Growth

Ethereum Holds Above 50-Day MA, Eyes Further Gains

XRP Faces Key Resistance Amid Regulatory Delays, Analyst Warns

Nikita Bier Reveals Most Searched Cashtags on X

TOTAL2 MACD Bullish Crossover Signals Potential Altcoin Rally

MANA/USDT Surges 26% as Bullish Trendline Break Signals Market Shift

SAND Price Breaks Trendline, Signals Short-Term Bullish Momentum

Grayscale's Ray Scale: Macro Forces Now Drive Crypto Markets

Coinbase Expands Derivatives with LIT Perpetual Futures Launch

Crypto Market Sees $356M in Liquidations, Long Positions Suffer Most

U.S. Stock Market Gains as Crypto Sector Faces Declines

Analysts See Structural Parallels to 2021 Altcoin Season

Phemex Crypto Market Daily: Bitcoin and Ethereum Rise as Altcoins Surge; Zcash Jumps on SEC News (Jan 15)

Crypto Cards Monthly Volume Surges to Over $1.5 Billion

CoinGlass Bull Market Indicators Remain Inactive This Cycle

CME Group to Launch ADA, LINK, and XLM Futures on February 9