Privacy-focused cryptocurrency regains momentum, outpacing major assets amid volatile recovery Zcash (ZEC) staged a powerful recovery over the weekend, regaining nearly all its value lost during Friday’s sharp crypto market crash. After plunging by over 45% in less than 24 hours, the privacy-centric digital asset bounced back to reach $291, before consolidating near the $270 range on Saturday. The rebound comes after a chaotic market session triggered by U.S. President Donald Trump’s announcement of 100% tariffs on China, which led to more than $20 billion in crypto liquidations — the worst single-day flush in the sector’s history. Despite the turmoil,…
Author: Blockto Team
New legislation could worsen global crypto mining challenges as chip exports face tighter controls The United States Senate has passed a key amendment under the National Defense Authorization Act (NDAA), aimed at strengthening domestic access to artificial intelligence (AI) and high-performance computing (HPC) chips. The amendment, known as the Guaranteeing Access and Innovation for National Artificial Intelligence Act of 2026 (GAIN Act), requires American chipmakers to fulfill domestic orders first before exporting advanced processors abroad. Under the new provision, Congress would also have the authority to block export licenses for cutting-edge AI chips and mandate approval for any products containing…
Analysts eye major support as Hedera retests June levels following sharp correction Hedera Hashgraph (HBAR) faced a steep 20% intraday decline, slipping from the mid-$0.20 range to around $0.169 before recovering slightly. The drop mirrors the broader crypto market sell-off that followed increased macroeconomic uncertainty and shifting trader sentiment. The daily chart shows HBAR breaking below its short-term consolidation range, marked by the green support zone between $0.19 and $0.21, before sharply rebounding from a key historical level near $0.10, a price area last tested in early 2024. Market analysts suggest the latest correction reflects a combination of profit-taking and…
Experts view $20 billion liquidation wave as a short-term technical correction, not a shift in market fundamentals The recent crypto market meltdown — which erased more than $20 billion in liquidations within 24 hours — is being described by analysts as a temporary disruption rather than the start of a prolonged downturn. According to market strategists, the crash was driven by a “perfect storm” of short-term factors, including excessive leverage, thin liquidity, and U.S. President Donald Trump’s announcement of 100% tariffs on Chinese imports. The event triggered panic selling, wiping out nearly 1.6 million traders and causing several major tokens…
Ethereum holds $3,700 support amid broader market turbulence and rising volatility Ethereum is trading near the $3,700 level, testing a critical support zone following a strong correction from the $4,900 resistance area earlier this week. The decline mirrors broader market weakness, as traders reassess risk amid escalating geopolitical and macroeconomic uncertainty. The daily chart shows Ethereum rejecting sharply from the upper green supply zone near $4,800–$4,900, a region that has repeatedly acted as a ceiling for price action since April. The pullback has now driven ETH into a key mid-range demand zone around $3,650–$3,800, which previously served as a strong…
Market eyes $110K support as traders weigh potential rebound or deeper correction Bitcoin is currently hovering around the critical $110,000 support zone, testing one of its most important technical levels after a steep sell-off earlier this week. The correction follows a rejection from the $124,000 resistance region, leaving traders debating whether the move marks the start of a broader downtrend or a temporary pullback in an extended bullish cycle. The daily chart shows Bitcoin retracing sharply from the upper boundary of a descending channel, with price now sitting inside a major green demand zone between $108,000 and $111,000 — an…
Analysts warn that leverage and risk exposure, not just tariffs, fueled the $20B crypto liquidation crash As the global crypto market reels from one of its sharpest declines this year, retail traders are pointing fingers at U.S. President Donald Trump’s 100% tariff announcement on Chinese imports, calling it the key trigger behind the $20 billion liquidation wave that shook markets Friday. According to analytics platform Santiment, traders are showing “rationalization behavior,” seeking a single cause to explain what was in reality a broader market correction. “This is typical of retailers who need to point to a singular event for a…
$19 Billion Market Crash Leaves Thousands of Traders in the Red as Tariff Shock Triggers Panic The crypto market faced its largest liquidation event in history, with over $19 billion in leveraged positions erased within 24 hours and 6,300 wallets on Hyperliquid falling deep into losses. The wave of liquidations followed U.S. President Donald Trump’s announcement of new 100% tariffs on Chinese imports, sparking a broad sell-off across global markets. According to data from the Hyperliquid leaderboard, more than 1,000 trading accounts were completely wiped out, losing all collateral. In total, $1.23 billion in trader capital vanished from Hyperliquid, with…
Kris Marszalek urges oversight into trading practices as exchanges face scrutiny for record losses The crypto market’s most dramatic sell-off to date has sparked a call for action from Crypto.com CEO Kris Marszalek, who urged regulators to investigate exchanges involved in the historic $20 billion liquidation wave that shook digital asset markets this week. In a post shared on Saturday, Marszalek questioned whether trading platforms “slowed down, mispriced assets, or failed to maintain compliance controls” as billions in leveraged positions were wiped out within hours. He added, “Regulators should look into the exchanges that had most liquidations in the last…
Key Support Zone Tested Amid Market-Wide Correction Solana (SOL) has seen a notable downturn this week, slipping below the $180 mark after a strong selloff triggered by broader crypto market weakness. The token, which recently traded as high as $250, is now grappling with renewed volatility as traders assess whether the latest decline signals a deeper retracement or a temporary pullback. The daily chart shows Solana falling into a critical demand zone between $175 and $190, an area that previously acted as a strong accumulation region in August. The token’s sharp move downward follows a clear rejection from the $240–$260…