Bull Trap Warning for Bitcoin, Dogecoin, XRP Emerges as S&P 500 Prints Rising Wedge; U.S. Inflation Eyed
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Major cryptocurrencies are looking bullish, with market leader bitcoin (BTC) exhibiting a classic inverse head-and-shoulders breakout that could propel it toward $120,000. But there’s a catch. The daily chart for the S&P 500 E-Mini futures is displaying a bearish pattern, indicating […]
MNT Hits New ATH at $1.65 Following Key Technical Breakout
TL;DR MNT breaks past $1.65 ATH after strong breakout from long-term trendline and double bottom. The weekly chart shows a bullish structure with rising support and strong price continuation above $1.44. Momentum indicators confirm strength as MNT trades above Bollinger Bands with a MACD bullish crossover. Monthly Chart Breaks Long-Term Resistance Mantle’s token MNT reached […]
Linea’s Airdrop Launches Successfully Despite Sequencer Issue
Linea’s token airdrop launches with 9 billion tokens, boosting Ethereum’s Layer-2 network. Eligible users have 90 days to claim their LINEA tokens, ensuring broad participation. Linea quickly resolved a sequencer issue, minimizing any impact on the airdrop process. The Linea Association successfully conducted its token generation event (TGE) on Wednesday by distributing over 9 million […]
Winklevoss vs. Quintenz: Dispute Shadows Gemini’s IPO Launch
Brian Quintenz shared private texts with Tyler Winklevoss amid his stalled CFTC confirmation fight. Gemini will allocate up to 30% of its IPO shares to retail investors through major brokerages. The dispute and IPO highlight a broader struggle over crypto legitimacy and investor trust. The Winklevoss twins are back in the spotlight following their clash […]
Elliott Management Warns Of ‘Inevitable Crypto Collapse’ Linked To White House Support
Elliott Management, the activist investment firm led by Paul Singer, has raised concerns regarding the cryptocurrency market, suggesting that it may be on the brink of an “inevitable collapse.” In a recent investor letter reported by Fortune, the firm attributed the inflation of this so-called “crypto bubble” to the perceived endorsement from the White House, […]
Cardano (ADA) Price Predictions for the Week Ahead
ADA is close to the $0.90 resistance. Can it break it in the next several days? Key Support levels: $0.77, $0.70 Key Resistance levels: $0.90, $1 1. Resistance Under Pressure Buyers managed to bring ADA under the key resistance at $0.90. If the bulls can break this level and turn it into support, this cryptocurrency […]
Ripple (XRP) Price Predictions for This Week
XRP managed to return to a $3 valuation. How high can it go this week? Ripple (XRP) Price Predictions: Analysis Key Support levels: $2.9 Key Resistance levels: $3.2, $3.6, $4 1. XRP Breakout In the past few days, XRP broke away from the descending triangle (in blue on the chart) and rallied higher towards $3. […]
Bitmine Expands ETH Treasury, Scoops $201M Worth Ethereum From Bitgo
Bitmine, often referred to as the Ethereum ‘Strategy,’ has received 46,255 ETH, worth $201 million, from a BitGo wallet across three addresses. Onchain Lens, a blockchain analytics platform, reported on Thursday that the publicly traded Bitcoin mining company now owns a total of 2,126,018 ETH worth $9.24 billion. Bitmine (@BitMNR) has received 46,255 $ETH, valued […]
Blockchain Lender Figure Surges Past IPO Target With $787.5M Raise
Figure Technology Solutions Inc., a blockchain-focused lending platform, pulled off a major win on Wall Street, raising $787.5 million in its initial public offering. Key Takeaways: Figure raised $787.5 million in its IPO, pricing shares above the expected range. The company has facilitated over $16 billion in blockchain-based loans and turned profitable in 2025. Strong […]
Bitcoin Breaks $114K, Crypto Market Cap Climbs Ahead Of US Inflation Data
Bitcoin rose past $114,000 on Thursday, lifting the overall crypto market cap by 2% as traders positioned themselves ahead of a key US inflation report. The Bureau of Labor Statistics is set to release August Consumer Price Index data on Sept. 11 at 8.30am Eastern Time. The numbers carry outsized importance for digital assets, with […]
Dogecoin Price Forecast: Can a Break Above $0.25 Trigger a Run to $0.30?
Dogecoin is trading at $0.2432, pushing against the higher end of a narrow six-week range from $0.22 to $0.25. Price movement has formed a stable base, and the coin resides above key exponential moving averages. The 20-day EMA is close to $0.225, the 50-day at $0.220, the 100-day at $0.214, and the 200-day at $0.213.
Russia could consider crypto bank to combat fraud, help miners
Evgeny Masharov, a member of the Russian Civic Chamber, says Russia should start a crypto exchange through a major financial institution.