Latest news with #cryptoMarket
CNA
11 hours ago
- Business
- CNA
Bitcoin falls 4% to $99,237
Bitcoin, the world's largest cryptocurrency by market value, was down by 4.13 per cent at $99,237 at 10:52 a.m. ET (1452 GMT) on Sunday. Ether, the second-largest cryptocurrency, was down by around 8.52 per cent at $2,199.
Yahoo
3 days ago
- Business
- Yahoo
NEAR Protocol Surges 5% as Buyers Dominate Amid Middle East Tensions
The cryptocurrency market faces mounting pressure due to escalating tensions between Iran and Israel in the Middle East. NEAR Protocol has demonstrated remarkable resilience, climbing 4.5% with significant volume support around the $2.11-$2.12 range. This performance comes as traditional markets struggle to find direction amid conflicting economic signals. NEAR's strong performance coincides with heightened trading activity, particularly during peak hours when volume reached 5.14M units. The token continues to test resistance at $2.20, suggesting continued interest despite broader economic concerns. Technical Analysis NEAR-USD experienced a significant bullish breakout, climbing from $2.124 to $2.170, with a notable 24-hour range of $0.095 (4.5%). A clear high-volume support zone formed around $2.110-$2.120, where buyers consistently stepped in, particularly during the 18:00-20:00 timeframe when volume peaked at 5.14M units. Key resistance level emerged at $2.205-$2.210, tested twice but failing to break through, suggesting potential consolidation before the next leg up. Overall trend remains bullish with higher lows forming a supportive trendline, though recent hours show decreasing momentum that warrants caution. In the last hour, NEAR-USD continued its bullish momentum with significant price action between $2.169 and $2.173, forming a higher low pattern that reinforces the broader uptrend. Notable volume spikes occurred at 13:21 and 13:39, with over 65,000 and 83,000 units respectively, indicating strong buyer interest at these levels. Price successfully tested and held above the $2.170 support zone multiple times, culminating in a final push to $2.173 by the end of the period, suggesting continued bullish sentiment despite some consolidation phases. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
UNI Rallies 70% From April Lows With Bullish Pattern Taking Shape, Up 24% in Past 30 Days
Uniswap's governance token continues its impressive comeback, trading above $7.46 Tuesday after rallying 70% from its yearly low of $4.551 on April 7. The token has logged seven weekly gains in the past eight weeks—its longest positive stretch since early 2023—and is now firmly trading above key resistance levels that capped earlier recovery attempts. The broader structure now reflects a classic bullish reversal, with a prolonged downtrend giving way to sharp rebounds, strong support formation, and improving sentiment around Uniswap's on-chain governance and market role. Buyers absorbed a sharp drawdown earlier in the session and quickly stepped back in, establishing a new base around $7.14–$7.17. That support zone now defines the lower bound of the token's recent trading range. The latest rally saw the token push through prior local highs despite some intraday profit-taking near the $7.52 mark. The consistent pattern of higher lows and strong volume near key inflection points indicates a potentially sustainable uptrend, though a clean break above $7.60 would likely be needed to confirm a full momentum shift. Technical Analysis Highlights UNI traded in a 24-hour range of $0.650, from $7.142 to $7.792, reflecting 8.7% intraday volatility. A sharp sell-off bottomed at $7.142 during the 10:00 hour, with volume spiking to 3.96 million—78% above the daily average. The following hour saw volume increase to 4.69 million as buyers stepped in, triggering a V-shaped recovery. Price reached $7.578 by 15:00 before facing resistance and temporary consolidation. At 17:33, UNI dipped to $7.37, followed by a surge between 17:37 and 17:39, with volume rising to nearly 3x the hourly average. Price peaked at $7.53 during the 18:00 candle with volume of 162K, representing a 5.8% gain from the hour's low. Despite some profit-taking near $7.52, price action held above mid-range, extending the recovery into a more defined uptrend. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Fed pauses rates, trader walks away $2.4 million richer
Fed pauses rates, trader walks away $2.4 million richer originally appeared on TheStreet. The Federal Reserve decided to keep the interest rates unchanged at 4.25%-4.5%. Officials project two interest rate cuts totaling 50 bps in 2025, leading to a potential range of 3.75%-4%. Officials also project one rate cut of 25 bps each in 2026 and 2027. The crypto market wasn't pleased with the Fed's announcement, even if it was along expected lines. The total crypto market cap declined from $3.24 trillion to $3.23 trillion within minutes of the announcement. As per Kraken's price feed, Bitcoin fell from around $104,350 to $104,256.70. Ethereum, on the other hand, remained nearly unchanged and was trading at $2,494.74 at press time. The much-discussed XRP suffered a modest fall from $2.15 to trade at $2.14 at the time of writing. As reported earlier, leading analysts such as the Wall Street Journal's chief economics correspondent Nick Timiraos wrote that there are good reasons to think that the central bank could have slashed interest rates, if not for the risks posed by President Donald Trump's tariff policy on inflation. If the Fed decides to lower interest rates to the range of 3.75%-4% as projected, it is estimated to lead to a substantial inflow of funds into the crypto market. As the Fed made the announcement, it turned out that one trader on Polymarket had bet $2.4 million to win $2.4 million on the Fed's move — winning them around $60,000. When Polymarket's X account asked if it was a smart bet, a popular humor account, Not Jerome Powell (@alifarhat79), gave a deadpan response, "No it's not." Polymarket is a leading crypto-based prediction market on which traders can place bets on a number of events, such as political phenomena, economic news, sports, entertainment, etc., using cryptocurrency. Fed pauses rates, trader walks away $2.4 million richer first appeared on TheStreet on Jun 18, 2025 This story was originally reported by TheStreet on Jun 18, 2025, where it first appeared. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Novogratz Sees Stablecoin Bill Bringing TradFi to Crypto
Billionaire Michael Novogratz, CEO of Galaxy Digital Holdings Ltd., expects to see tokenized equities "for crypto and non-crypto" as he discusses what the passage of landmark stablecoin legislation means for his firm and the cryptocurrency market.
