Traders monitor critical demand area after sharp pullback Solana’s price retreated on Monday, sliding by over 4% in the past 24 hours to trade around $221 against the U.S. dollar. The decline comes after SOL failed to hold above recent highs near $237, bringing the token back to a major support level that could determine its short-term direction. Technical charts highlight the $215–$220 zone as an immediate support level, marked in green, where buyers previously entered in late August. A successful defense here could keep Solana in its broader uptrend, which has been intact since mid-June. “Solana’s latest pullback looks…
Author: Blockto Team
World’s largest corporate Bitcoin holder strengthens position with fresh acquisition Michael Saylor’s Strategy has purchased an additional $99.7 million worth of Bitcoin, underscoring its long-term commitment to digital assets amid shifting monetary policy in the United States. According to a filing with the U.S. Securities and Exchange Commission, Strategy acquired 850 BTC at an average price of $117,344 per coin. The purchase coincided with the U.S. Federal Reserve’s decision to cut interest rates by 25 basis points, its first reduction of the year. The move lifted Bitcoin briefly above $117,000, marking multiweek highs before cooling slightly. Strategy’s latest buy brings…
Traders eye major support levels as PEPE enters consolidation phase PEPE price slipped nearly 7% over the last 24 hours, pushing the popular memecoin toward a key demand zone that has historically acted as strong support. At press time, PEPE was trading around $0.000000970 against USDT, marking its lowest point in weeks. PEPE Tests Crucial Support The daily chart shows PEPE revisiting the green support band between $0.00000090 and $0.00000100, an area where buyers previously stepped in during May and July. A clear bounce was observed in those periods, sparking short-term rallies that carried prices toward the mid-$0.00000130–$0.00000150 resistance zone.…
Bitcoin and Ether dominate inflows amid Fed’s first rate cut of 2025 Global cryptocurrency investment funds attracted $1.9 billion in inflows last week, extending a broader uptrend driven largely by Bitcoin exchange-traded funds (ETFs), according to data from CoinShares. The latest figures follow $3.3 billion in inflows the previous week, pushing total assets under management (AUM) in crypto exchange-traded products (ETPs) to $40.4 billion year-to-date, a new record. Bitcoin remained the focal point for investors, securing $977 million in fresh inflows last week. This momentum marked the fourth consecutive week of positive flows, bringing the four-week total to $3.9 billion,…
New dollar-backed token sees rapid adoption, with majority deployed on Linea MetaMask’s newly launched mUSD stablecoin has surpassed $65 million in circulating supply just one week after its debut, signaling strong early adoption in the increasingly competitive stablecoin market. The stablecoin officially went live last Monday and has since expanded from an initial $15 million supply to more than four times that figure, according to data on MetaMask’s website. Adoption Led by Linea According to Dune Analytics data compiled by Seoul Data Labs, the majority of mUSD has been deployed on Linea (88.2%), while the remaining 11.8% is on Ethereum,…
Key Support Levels Tested After Market-Wide Correction Ripple’s native token, XRP, came under pressure on Monday, sliding more than 3% to trade near $2.81, as broader crypto markets reacted to Bitcoin’s sharp pullback despite the excitement surrounding a record-breaking ETF debut. On the daily chart, XRP shows a decisive rejection from the $3.10–$3.25 resistance zone, where price failed to sustain momentum after multiple retests. The token has now retreated toward the $2.70–$2.85 support range, a level that previously triggered bullish rebounds earlier this quarter. Below this, the next key defense lies near $2.30–$2.45, marked by high-volume demand during XRP’s June–July…
Analysts divided on whether October will bring another crypto surge The long-awaited “Uptober” rally is facing doubts after Bitcoin (BTC) and broader crypto markets turned red on Monday, just nine days before the start of October. Despite historical trends pointing to strong gains during this month, some analysts warn that this year could be different. Bitcoin slipped to a 12-day low of $114,270, while Ether (ETH) dropped below $4,300, losing over 4% in a single session. The selloff wiped more than $80 billion from total market capitalization, sparking debate on whether October will deliver its usual bullish momentum. Data from…
Hyperliquid faces mounting pressure as vesting schedule begins with $410M monthly supply overhang Hyperliquid’s native token, HYPE, could soon face its toughest challenge yet as billions in vested tokens enter circulation, according to research from Maelstrom Fund, the family office of BitMEX co-founder Arthur Hayes. Beginning November 29, Hyperliquid will start releasing tokens under its 24-month vesting schedule, unlocking an estimated $11.9 billion worth of HYPE for team members and early contributors. The sheer scale of the release has raised concerns about significant selling pressure. “Put yourself in the shoes of a Hyperliquid developer. You’ve worked insanely hard for years.…
Key Support Retest Could Spark Next Dogecoin Rally Dogecoin (DOGE/USDT) has drawn fresh attention from traders after forming what analysts describe as a classic ‘1-2 pattern’, a setup often seen before major trend reversals. Currently priced near $0.00208, DOGE is consolidating within a crucial support zone, which could act as the foundation for a new bullish wave. The daily chart shows DOGE testing its long-standing demand area between $0.00195 and $0.00210, a level that has repeatedly halted sharp declines since mid-2024. This region is now seen as a critical pivot point for market participants. Above, the chart highlights two resistance…
Japanese firm now holds over 25,000 BTC, surpassing Bullish despite share price struggles Metaplanet (3350) has overtaken Bullish (BLSH) to become the fifth largest corporate Bitcoin holder after acquiring 5,419 BTC for $632.53 million. The purchase, made at an average price of $116,724 per coin, brings the company’s total holdings to 25,555 BTC, now valued at approximately $2.71 billion. The move follows Metaplanet’s aggressive expansion into digital assets. With an average cost basis of $106,065 per BTC, the firm’s strategy has already contributed to a year-to-date Bitcoin yield of nearly 395% in 2025. “This acquisition is just the first tranche,”…