crtypto & forex news

Bitcoin’s attempt to reclaim higher ground above the $73,000 region has taken another turn, and the leading cryptocurrency is now back to trading below $70,000. This latest price action has played out exactly like a warning issued days earlier by a technical analyst who stated that the breakout many traders were waiting for would ultimately fail. The focus has now changed from a rally to what the failed breakout structure could mean for the next phase of Bitcoin’s price action. Why The Breakout Above $72,000 Failed According to technical analyst Ardi, the problem was never the breakout itself but the lack of preparation leading into it. Based on this view, Bitcoin attempted to push through resistance last week without first building the necessary structural foundation that usually supports sustained rallies.  Just last week, when Bitcoin was pushing above $73,000, Ardi noted that the roughly 25-day consolidation period below $70,000 was simply too short to counteract the he...

On-chain data has identified a massive ETH transfer linked to Ethereum co-founder Jeffrey Wilcke, raising immediate concerns about potential insider selling pressure on the already fragile market. Blockchain analytics platform Arkham Intelligence flagged the large-scale transaction, drawing widespread attention across the crypto community. Ethereum Co-Founder Moves $158 Million In ETH To Kraken On March 7, roughly 79,358 ETH, valued at $158.9 million at the time, was moved from a cluster of wallets linked to Wilcke to Kraken, one of the world’s largest crypto exchanges. The transaction was routed through three separate source wallets, 0x16Cb7E, 0xe9c8, and 0xC90C8, before consolidating into a single intermediary address, 0x38a2C. After which, the intermediary wallet transferred the total amount to Kraken within a few hours.  What makes this movement even more compelling is that these same wallet addresses had deposited 105,736 ETH, valued at approximately $262.07 million, to...

Despite the ongoing bearish condition of the broader cryptocurrency market, Solana is demonstrating underlying strength , but not in price action. A few months after their historic debut, the Solana Spot Exchange-Traded Funds (ETFs) have reached a notable milestone, reflecting robust institutional and retail demand for the products.  Months After Launch, Solana Spot ETFs See Major Growth Solana has found its way to the cryptocurrency spotlight once again with the notable growth of its Spot ETFs. A fresh report shows that the Spot SOL ETFs have now hit a crucial milestone just a few months after the products were launched, marking a significant step in the altcoin’s growing integration into traditional financial markets. These investment vehicles are starting to show significant traction in terms of inflows, trading activity, and overall market presence amid intense demand from both institutional participants and crypto-native investors. Kyle Doops, a market expert and host of t...

XRP briefly surged on Monday as the day drew to a close, but the leading altcoin is still heavily feeling the ongoing bearish pressure across the broader cryptocurrency market. During this highly volatile period, the level of supply sitting in a loss is growing rapidly, indicating a change in market dynamics. XRP Share Of Supply In Loss Spikes With the bearish side taking control of the market, XRP continues to face mounting pressure, keeping its price stuck below the $2 mark. A clear indication of the mounting pressure is the growing portion of XRP’s circulating supply slipping into the loss territory, which underscores the market strain on the altcoin. Steph is Crypto, an investor and strategist, shared this development on X using data from Glassnode, a popular on-chain data analytics platform. After the expert’s examination of the chart, he reported that approximately 36.8 billion XRP are currently in loss amid recent price weakness. This massive figure suggests that nearly 6...

Most traders are watching Dogecoin on the daily or weekly chart, reacting to intraday price action. However, the monthly candlestick chart tells a different story, one that has been developing since the 2021 cycle and is now approaching an inflection point.  Technical analysis shows a massive bullish pennant is forming on the DOGE/USD monthly timeframe. Dogecoin is now at a lower high support in the pennant, and the technical implications are significant. Giant Pennant Has Been Forming Since The 2021 Rally The monthly chart shows Dogecoin’s price compressing between two converging trendlines, forming what appears to be a large bullish pennant. The structure begins with the flagpole: the near-vertical surge that launched Dogecoin from below $0.01 to its all-time high of $0.73 in May 2021.  Since that peak, DOGE’s price action has been forming a symmetrical triangle on the monthly chart, a series of lower highs and higher lows converging steadily toward an apex. The upper ...

A former Ripple senior engineer, Steven Zeiler, has reignited a long-forgotten discussion in the XRP community by explaining why the once-promising Codius project quietly faded from view years ago. Zeiler argued that the project lacked a token, and without one, it failed to gain traction. His claim drew sharp debate from validators and caught the attention of many community members.  Why The Codius Project Failed On March 8, Zeiler, who now serves as a developer evangelist at the Yellow Network , took to X to offer a frank reflection on why Codius, the decentralized computing platform, never gained the traction its creators expected. Zeiler and his team built Codius after leaving Ripple , and looking back, the former senior engineer noted that the project was missing a crucial piece that he believes doomed it from the start.   According to Zeiler, the technology behind Codius was solid, and the vision was clear. Still, the project lacked a native token to bootstrap ...

Ethereum may be back above the pivotal $2,000 price level, but the broader cryptocurrency landscape is still struggling to regain a bullish trajectory. Even with the market struggling with persistent volatility, Ethereum buying activity on the institutional level does not seem to be slowing down yet.  Another Major Ethereum Buy From Bitmine When it seems like sentiment is cooled down, Bitmine Immersion Technologies has doubled down on Ethereum, the second-largest cryptocurrency asset, again. In the highly volatile sector, the company continues to expand its digital asset holdings, with strategic ETH purchases. The report from Milk Road, a market expert and investor, Bitmine has secured an additional 60,976 units of Ethereum valued at over $122 million despite ongoing turbulent market conditions. This strategic move during the period of uncertainty underscores the company’s long-term confidence in the network and its prospects.  During this period, Milk Road highlighted ...