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The Donald Trump-linked meme coin MAGA (TRUMP) has experienced a sharp decline over the past week. This diverges from the broader market rally sparked by Trump’s victory in the 2024 US presidential elections. TRUMP trades at $1.48 as of this writing, marking a 35% drop in the past seven days.
With plunging buying pressure, the meme coin is on track to retest its year-to-date low. The question...
Pennsylvania legislators have introduced a major bill today that could see the state hold Bitcoin as part of its financial strategy.
The Pennsylvania Bitcoin Strategic Reserve Act proposes allocating up to 10% of the state’s $7 billion treasury funds to Bitcoin. This initiative aims to hedge against inflation and diversify state investments beyond traditional financial instruments such as...
The price of the leading meme coin, Dogecoin (DOGE), has recently witnessed a meteoric rise. Rallying by 111% over the past week, the coin currently trades at a three-year high of $0.40.
However, technical indicators suggest that the rally may be losing momentum, and a potential pullback could be on the horizon.
Dogecoin Is Overbought
Dogecoin’s price has climbed 7% in the past 24...
Tether has minted an additional 2 billion USDT today, bringing the total to 7 billion USDT over the past six days.
This substantial increase in USDT supply injects significant liquidity into the cryptocurrency market, potentially influencing trading dynamics and asset valuations.
Increased USDT Minting Suggests Surging Liquidity Demand
Historically, large-scale USDT minting by Tether...
Bitcoin’s (BTC) price has surged by 21.70% over the past seven days, repeatedly reaching new all-time highs. Currently, BTC is roughly 10% below the $100,000 milestone, with the uptrend showing exceptional strength, as indicated by technical markers like the DMI and EMA lines.
With market sentiment shifting into a phase of growing confidence but not yet reaching euphoria, there is still room...
Cardano (ADA) has been on a winning streak in recent weeks. Over the past seven days, the altcoin’s value has risen by 55%. It currently trades at $0.57, a price level last observed in April.
On-chain data shows that the spike in the coin’s value has delivered substantial gains to Cardano holders, much of which remains unrealized. However, as profit-taking intensifies, ADA may witness a...
Ripple’s XRP has witnessed a significant price surge following its Wednesday listing on the popular trading platform Robinhood.
This has propelled the XRP token price to a new year-to-date high of $0.75, and it now appears poised to hit new highs before the end of the year. Here is why.
Ripple Rallies, Thanks To Robinhood
Robinhood’s crypto division expanded its offerings on Wednesday,...
With the ongoing surge in interest in meme coins, a leading Solana NFT marketplace, Tensor, is launching Vector.fun.
In essence, the project can be described as a SocialFi experience that combines trading with social engagement in one mobile app.
The Road to Vector.fun
Tensor’s Gen-Z-focused approach tries to make meme coin trading more accessible to “normies,” as Tensor co-founder Ilja...
SUI has recently reached a new all-time high, continuing an upward rally that began at $1.69 earlier this month. The cryptocurrency has managed to defy bearish expectations, showing resilience as it pushes past the previous resistance level.
The sustained growth is a challenge for those hoping for a price drop as SUI gains momentum.
SUI Has All Kinds of Supporters
The market sentiment...
World Liberty Financial (WLFI), a project inspired by Donald Trump’s vision of financial independence, has announced its adoption of Chainlink’s infrastructure.
The partnership with Chainlink aims to establish WLFI as a reliable, secure DeFi platform focused on promoting USD-backed stablecoins and safeguarding the dollar’s role as the global reserve currency. However, amid these ambitious...