In a troubling indication for the AAVE community, a number of the cryptocurrency’s large holders, commonly called “whales,” have recently sold off substantial portions of their holdings. This is prompting some in the community to worry about a potential downturn for the decentralized finance (DeFi) token. The latest sell-off seems to be part of a … Read more
Bitcoin (BTC) has experienced a dramatic plunge, not only breaching the closely watched 200-day simple moving average (SMA200)—a key metric for technical analysts—but also rattling markets with a staggering 16% weekly decline. This marks the first time since November 10 that Bitcoin has briefly dipped below the critical psychological threshold of $80,000, prompting investors to … Read more
Bitcoin experienced a sharp decline during Asian trading hours, falling below $100,000 as widespread market turbulence impacted the broader crypto and stock markets. According to CryptoSlate’s data, BTC declined by more than 6% during the last 24 hours to as low as the $97,000 level before recovering to $99,290 as of press time. The drop … Read more
Wall Street’s positive outlook for 2025 has been disrupted by a robust jobs report. The unexpected data has triggered a market sell-off and sparked concerns of a challenging year ahead. What Happened: Traders have interpreted the rising strength of the U.S. labor market negatively. The fear is that it could obstruct further monetary easing, leading … Read more
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