Crypto Market Faces Renewed Pressure After Strong Rally Bitcoin (BTC) and Ethereum (ETH) — the two largest cryptocurrencies by market capitalization — have experienced a notable pullback in the last 24 hours, with Bitcoin dropping to $110,933 and Ethereum sliding below $4,000. The correction follows weeks of volatility as investors digest mixed macroeconomic data and technical resistance levels. After a failed breakout attempt above $124,000, Bitcoin’s price retraced sharply, dipping into a key support area around $110,000. Technical charts show a descending channel pattern forming in the short term, indicating continued downward pressure. Analysts note that BTC’s price is hovering…
Author: Blockto Team
Movement of Dormant Bitcoin Sparks Speculation After DOJ Targets Prince Holding Group A wallet linked to Chinese Bitcoin mining operation LuBian has transferred roughly $1.3 billion in Bitcoin, just a day after the U.S. Department of Justice (DOJ) announced a major $15 billion crypto forfeiture case tied to an alleged international laundering network. Blockchain analytics firm Lookonchain first detected the activity on Wednesday, reporting that a long-dormant wallet associated with LuBian moved 9,757 BTC, worth about $1.1 billion, into new addresses. Hours later, Arkham Intelligence confirmed an additional transfer of 2,129 BTC — approximately $238 million — bringing the total…
Hougan: Leverage and Panic, Not Fundamentals, Drove the $20 Billion Crypto Liquidation The recent crypto market turmoil — one of the largest liquidation events in digital asset history — was “a blip, not a breakdown,” according to Bitwise Chief Investment Officer Matt Hougan, who believes the sell-off was fueled by excessive leverage rather than a change in the industry’s underlying fundamentals. The flash crash erupted late Friday after U.S. President Donald Trump announced plans to impose 100% tariffs on all Chinese imports, escalating fears of a full-blown trade war. As global markets were closed, crypto traders absorbed the initial shock,…
BNB Chain gains institutional momentum as China Merchants Bank launches tokenized fund, while technical charts show strong support zones above $1,100. Binance Coin (BNB) continues to consolidate around the $1,190 level, maintaining stability despite recent market volatility. The move comes as China Merchants Bank (CMB) announced the tokenization of a fund on the BNB Chain, signaling growing institutional adoption of blockchain-based financial products. Meanwhile, BNB Chain and Binance have rolled out new confidence-building measures, including a $45 million airdrop and a $400 million “Together Initiative.” The partnership with China Merchants Bank highlights a significant step toward real-world asset (RWA) tokenization…
Digital Collectibles Show Early Signs of Recovery, But Top Ethereum Collections Remain Under Pressure The non-fungible token (NFT) market is showing early signs of stabilization after last Friday’s historic crypto crash erased nearly $1.2 billion in market capitalization across major NFT collections. Despite a modest rebound over the weekend, data indicates that leading projects such as Bored Ape Yacht Club (BAYC) and Pudgy Penguins remain deep in the red. The total NFT market value plunged from $6.2 billion on Friday to $5 billion on Saturday, a decline of roughly 20% in just 24 hours. The rapid downturn reflected the sector’s…
While Jerome Powell signaled the Federal Reserve may pause its balance sheet reduction, crypto markets show little optimism as BTC options remain tilted toward downside risk. Federal Reserve Chair Jerome Powell suggested that the U.S. central bank’s long-running quantitative tightening (QT) program could be nearing its conclusion — yet Bitcoin (BTC) traders remain unconvinced. Despite signs that liquidity pressures may ease, BTC continues to trade flat, with derivatives markets signaling ongoing bearish sentiment. Speaking at the National Association for Business Economics conference in Philadelphia, Powell said the Fed could soon “reach a point where balance sheet runoff will have to…
After a 6% intraday swing, XRP finds solid footing at the $2.40–$2.42 support area as traders anticipate a potential rebound toward $2.65. XRP is holding above the $2.40 base following a volatile 6% price swing earlier this week. Despite heightened market uncertainty, buyers have stepped in to defend the key support area, indicating potential accumulation ahead of a possible rebound. The token’s price structure shows consolidation above this level, while analysts are eyeing the $2.65 zone as the next breakout target. The daily chart reveals that XRP recently retested a major demand zone between $2.40 and $2.42, where strong buying…
CMB International Expands Real-World Asset Strategy Amid Rising Institutional Blockchain Adoption China Merchants Bank International (CMBI) has taken a major step toward real-world asset (RWA) tokenization, launching its $3.8 billion USD Money Market Fund on BNB Chain. The move highlights growing institutional interest in onchain finance and signals a deepening collaboration between traditional banking and blockchain ecosystems. The fund’s tokenization was confirmed on Wednesday, with CMB International Asset Management and BNB Chain announcing the integration of the CMB International USD Money Market Fund onto the BNB Layer-1 blockchain. The fund, which was originally launched in early 2024, is part of…
The collaboration marks Ripple’s first major custody partnership on the continent, following the rollout of its USD-backed stablecoin RLUSD. Ripple is expanding its institutional custody network into Africa through a strategic partnership with Absa Bank, one of South Africa’s largest financial institutions. The move underscores growing institutional adoption of tokenized assets in emerging markets and reflects Ripple’s ambition to become a core blockchain infrastructure provider for regulated financial systems worldwide. Under the agreement, Absa Bank will leverage Ripple’s digital asset custody technology to securely store and manage cryptocurrencies and tokenized assets on behalf of clients. The partnership is designed to…
Dogecoin Faces Renewed Selling Pressure Amid Broader Crypto Uncertainty The Dogecoin (DOGE) market saw a modest decline of 3% in the past 24 hours, falling near the $0.20 mark, as traders assess the impact of recent market volatility and shifting sentiment across the crypto sector. Technical indicators suggest that Dogecoin is currently testing a critical support zone, while selling momentum continues to weigh on short-term price action. On the daily chart, DOGE has retreated after failing to maintain gains above $0.25, with price action now consolidating between $0.18 and $0.22 — a region historically known for heavy accumulation. If this…