Trading of the MYX token, the cryptocurrency of the MYX decentralized exchange (DEX), featured hallmarks of market manipulation, according to a report from AI infrastructure company Rena Labs and market intelligence company Insider.Cash. The report analyzed over 9,200 minute-by-minute data points between Sept. 9 and Monday, which found 249 trading anomalies regarding illiquidity, volume spikes,…
Key takeaways: XRP (XRP) price was up 3% in the past 24 hours, and 17% higher than its Sept. 1 low of $2.69, to trade above $3 on Thursday. Market analysts said this positions XRP for further gains backed by several fundamental and technical factors. XRP price technical analysis puts $5-$15 in play XRP price action…
Key points: Bitcoin is showing a negative divergence on the charts, signaling a weakening in bullish momentum. Buyers need to maintain Ether above $4,094 to retain the upper hand. Bitcoin (BTC) extended its pullback on Monday, suggesting profit booking by short-term traders. Analyst Captain Faibik said in a post on X that BTC could drop…
Key takeaways: Ethereum ETF inflows reflect persistent demand from institutions. ETH supply on exchanges hits 8-year low alongside rising whale accumulation. MVRV price bands and V-shaped chart pattern hint at $4,000-$5,000 ETH price. After an over 100% rally to $2,800 from multimonth lows below $1,400 in April, Ether’s (ETH) price has traded within a tight…
Key takeaways: SOL’s futures open interest surged to a 2-year high, reflecting growing institutional interest. Rising competition from other blockchains and neutral funding rates continue to dampen SOL’s bullish momentum. Solana’s SOL (SOL) failed to hold its bullish momentum after gaining 10% between Monday and Thursday. The cryptocurrency has shown weakness after testing the $180…
Crypto and equities traders were hopeful for a last-minute solution that would prevent the US from enacting 104% tariffs on Chinese goods entering the United States, but in a press conference, the White House confirmed that the tariffs would start on April 9. Markets deteriorated when Peter Navarro, trade adviser to US President Donald Trump,…
Many Bitcoin (BTC) traders became bullish this week as prices rallied deep into the $88,000 level, but failure to overcome this level in the short term could be a take-profit signal. Alphractal, a crypto analytics platform, noted that Bitcoin whales have entered short positions at the $88,000 level. In a recent X post, the platform highlighted that…
Ryan Selkis, the cofounder and CEO of the crypto research platform Messari, is stepping down from his position in the aftermath of a social media tirade following the attempted assassination of former President Donald Trump at a rally in Pennsylvania. Selkis, an outspoken Trump supporter who attended David Sacks’ sold-out fundraiser for him in June,…