LayerZero Price Suffers Harsh Reversal as Traders Bet on Rebound
The price of LayerZero experienced a severe turnaround on Friday, wiping out any gains gained following its airdrop on Thursday. After reaching a high of $4.57 this week, LayerZero fell to $3. The token’s market capitalization decreased to $745 million, below the $1 billion threshold, as it declined. As anticipated, LayerZero’s price dropped during […]
ENS Surges 15%, Reaching Overbought Zone
Ethereum Name Service (ENS) has recorded impressive gains, but data shows the token has been overbought at this price point. As of this writing, ENS is trading at $26.7, up 15.62% over the previous day. ENS has crossed the $26 threshold twice this month; the last time it did so was in January 2022. Despite […]
HBAR Surges by 32% in a Week: How High Can It Go?
HBAR, the native token of Hedera, has soared by 32% in a week and 9% in a day, breaking above the $0.11 resistance level. Technical indicators suggest that the bullish trend will continue, with targets of $0.30 and $1 in sight. HBAR, the native cryptocurrency of the enterprise-grade blockchain network Hedera, has witnessed a strong […]
Bitcoin Miners Sell $35.9B Worth of BTC on OTC Desks Amid ETF Frenzy
Bitcoin miners have been selling their BTC holdings at a fast pace on OTC desks as they take advantage of the institutional demand for spot Bitcoin ETFs. According to Cryptoquant, miners have moved 700,000 BTC, worth $35.9 billion, to OTC desks in the past three weeks. Bitcoin miners are selling BTC quickly on OTC desks […]
Bitcoin Open Interest Hits $22.5 Billion as S&P 500 Soars to New Highs
Bitcoin open interest reached a three-year high of $22.5 billion, signaling bullish momentum for the leading cryptocurrency. Meanwhile, the S&P 500 index also hit a new record high of 5,000, boosted by Goldman Sachs’ revised forecast. Bitcoin Open Interest Surges to $22.5 Billion Bitcoin open interest, the total value of outstanding futures contracts, shot up […]