Market eyes $2.30 support zone after rejection at long-term trendline The cryptocurrency XRP (XRP/USDT) faced notable selling pressure this week, falling by 6.68% to $2.77 after failing to sustain momentum above a critical long-term resistance trendline visible on the weekly chart. This technical rejection has once again shifted investor focus to major support levels around $2.30, a zone that has historically provided stability. The chart highlights a clear ascending resistance line that XRP has repeatedly tested but struggled to break convincingly. The latest rejection around the $3.00 psychological barrier pushed the token lower, raising concerns of further downside if momentum…
Author: Blockto Team
Market Saturation and Debt Concerns Pressure Corporate Proxies While Bitcoin, Ethereum, and other major cryptocurrencies have shown resilience, many public companies holding digital assets in their treasuries are significantly underperforming. Analysts warn that weak performance among these so-called “crypto treasury companies” could amplify risks in the next market downturn. Corporate Proxies Lag Behind Bitcoin Strategy, the largest Bitcoin treasury company, is down nearly 45% from its all-time high of $543 per share, despite Bitcoin gaining about 10% since its November peak above $99,000. BTC has since set new highs, surpassing $123,000 in August, but Strategy has failed to recover its…
DOG Technical Analysis Signals Potential Turning Point Dog (DOG/USDT) has reached a decisive support zone after an extended period of downward pressure. The token is currently trading near $0.00198, marking a sharp decline of more than 34% from recent highs. Price action on the daily chart shows that DOG has entered a key demand region between $0.00190 and $0.00210, an area where buyers previously stepped in to spark significant recoveries. The chart highlights a prolonged downtrend, with lower highs and lower lows defining market sentiment over the past several months. Technical analysts are closely monitoring whether this green support band…
Crypto Exchange Strengthens Position as Public Listing Rumors Intensify Kraken has reportedly secured $500 million in fresh funding at a $15 billion valuation, a move widely seen as reinforcing the exchange’s position ahead of a potential initial public offering (IPO). The funding, reportedly closed earlier this month, was revealed by sources close to the negotiations. While the exchange has not confirmed the raise, the figure aligns with earlier reports that Kraken was seeking $500 million at a $15 billion valuation. Though no formal filing has been made with the US Securities and Exchange Commission (SEC), several of Kraken’s recent actions…
CRO Market Cap Falls Nearly 50% Since Treasury Announcement Cronos (CRO), the native token of Crypto.com’s Cronos Chain, has shed nearly half of its market capitalization since the high-profile Trump Media Group announcement last month, erasing much of the rally that briefly boosted the asset. Trump-Driven Rally Fades On August 26, Trump Media and Technology Group (TMTG) unveiled a joint $6.4 billion Cronos treasury, sparking a 40% surge in CRO’s price. However, the momentum proved short-lived. By Thursday, the token had fallen back below $0.19, close to pre-announcement levels, according to market data. The decline has wiped out more than…
Ethereum Co-Founder Warns Against Surveillance Backdoors in Private Messaging Ethereum co-founder Vitalik Buterin has strongly criticized the European Union’s proposed “Chat Control” legislation, warning that it undermines digital privacy and creates security vulnerabilities for millions of users. Vitalik Buterin Calls for Privacy Protection In a recent post, Buterin voiced his concerns about the plan to mandate scanning of private communications for illegal content. “We all deserve privacy and security… for our private communications,” he wrote, emphasizing that true security cannot be built by weakening digital protections. “You cannot make society secure by making people insecure,” Buterin added, stressing that surveillance…
Analysts See Potential Green Light for Multiple Solana ETF Filings Several Solana staking exchange-traded funds (ETFs) could receive approval from US regulators within the next two weeks, according to leading ETF analysts, a development that may act as a catalyst for the broader altcoin market. On Friday, multiple asset managers — including Franklin Templeton, Fidelity, CoinShares, Bitwise Asset Management, Grayscale, VanEck, and Canary Capital — submitted amended S-1 registration documents to the US Securities and Exchange Commission (SEC) for spot Solana ETFs with staking features. These filings outline the funds’ structures, risks, and intended offerings. ETF analyst Nate Geraci noted…
XLM Technical Analysis Highlights Crucial Levels Stellar (XLM) is trading near a critical price zone after weeks of downward pressure. At the time of writing, XLM is priced around $0.361, hovering just above a major support range between $0.34 and $0.36. This zone, highlighted on the daily chart, has repeatedly acted as a defensive area where buying interest has historically emerged. The current structure shows a descending channel pattern, with price making lower highs and lower lows since early August. Market technicians often view such formations as signals of continued bearish momentum until a decisive breakout occurs. “The support near…
Market eyes Federal Reserve leadership shift as potential game-changer for crypto Galaxy Digital CEO Mike Novogratz has described the upcoming decision on the next US Federal Reserve chair as the “biggest bull catalyst” for Bitcoin, suggesting the world’s largest cryptocurrency could climb to $200,000 under a highly dovish central bank. Fed policy seen as pivotal for Bitcoin’s future In an interview this week, Novogratz said a leadership change at the Fed that results in “a massive dove” could spark explosive upside for digital assets. “Can Bitcoin get to $200K? Of course it could,” he noted, adding that ultra-loose monetary policy…
Regulatory clarity and global adoption drive bullish outlook for digital dollar alternatives Citigroup has raised its forecast for the global stablecoin market, projecting a base case of $1.9 trillion and a bull case of $4 trillion by 2030, citing rapid sector growth in 2025. Strong 2025 momentum lifts projections In a research note released this week, Citi analysts said the pace of adoption over the last six months forced them to revise earlier forecasts of $1.6 trillion (base) and $3.7 trillion (bull). With stablecoin capitalization now above $287 billion, growth is accelerating thanks to regulatory frameworks and increasing integration into…