Dogecoin (DOGE) is under pressure after a major whale transfer sent nearly $200 million worth of tokens to Binance, raising concerns about further downside risks. The DOGE/USDT pair has been struggling to hold momentum after failing to break above the $0.0035 resistance zone earlier this month. Following the whale transaction, the price slipped back into the green demand zone near $0.0026–$0.0024, where buyers are attempting to stabilize the market. The chart highlights a critical support zone at $0.0024–$0.0026, which has prevented deeper losses on multiple occasions. If DOGE closes below this level, analysts warn that the market could revisit the…
Author: Blockto Team
Cathie Wood’s ARK Invest has increased its exposure to Ethereum-focused firm BitMine Immersion Technologies (BMNR) with a fresh investment of $15.6 million, strengthening its position in the crypto sector. ARK Invest Now Holds Over $300M in BitMine The purchase was executed on Wednesday across three major ARK ETFs: This brings ARK’s total BitMine holdings to more than $300 million, almost half the size of its Coinbase (COIN) position, which currently stands at $676 million, even after a recent sale of 5,721 COIN shares. BitMine’s ETH Holdings Hit $7.5 Billion BitMine has emerged as a key Ethereum treasury company, recently reporting…
Ethereum (ETH) has broken above $4,630, continuing its strong recovery as buyers defend key support zones and maintain a rising trendline. At the time of writing, ETH/USD is trading near $4,624, up 0.58% in the past 24 hours, as price action holds firmly above the ascending orange trendline drawn from early August lows. The move underscores growing bullish momentum, with Ethereum now eyeing higher levels if it sustains above immediate support. The rally has been supported by a robust demand zone around $4,400–$4,450, highlighted on the chart by the brown block. This level has repeatedly acted as a launchpad for…
Bitcoin (BTC) has bounced from key support levels but on-chain data and technical indicators suggest heavy selling pressure near the $113,600 zone. After a volatile week, BTC/USD is currently trading around $113,200, rebounding from the green demand zone between $110,000 and $111,000. The recovery comes after several sessions of weakness, but charts show a clear descending channel pattern, signaling that the broader market remains cautious. The red supply zone near $113,600–$114,000 is emerging as the critical resistance level for bulls. Analysts warn that unless Bitcoin clears this level with strong volume, upside momentum will likely stall. The failure to sustain…
ed Chair The Trump administration is actively preparing for a leadership change at the Federal Reserve as Jerome Powell’s term as Fed Chair ends in May. According to officials, 11 strong candidates are being considered, and three of them have shown a positive stance toward cryptocurrency, signaling potential changes for the U.S. financial landscape. Who’s on the Shortlist? Treasury Secretary Scott Bessent revealed that the vetting process will begin next month. Names reportedly under consideration include: Why Does It Matter for Crypto? The Federal Reserve’s interest rate policy directly influences market liquidity. Lower rates often lead to higher investment in…
Key Levels Indicate Stability Amid Growing Interest Hedera Hashgraph (HBAR) is showing signs of strong market structure as the price consolidates near $0.24 after a significant rally in July. The asset recently broke out of a prolonged descending channel, marking the end of a bearish phase that lasted for weeks. Since then, HBAR has established a support zone between $0.225 and $0.235, while facing resistance around $0.280. The breakout from the falling wedge pattern in late June triggered a sharp upward move, pushing HBAR from the $0.12 range to above $0.30 within a few weeks. Currently, the price is consolidating…
Tron Community Pushes for Lower Transaction Costs A major governance proposal to slash Tron’s energy fees by 50% is gaining strong support as the Friday voting deadline approaches. The plan aims to reduce the energy unit price from 210 sun to 100 sun, effectively halving the cost of transactions that rely on energy.For context, 1 TRX equals 1,000,000 sun, similar to how a Bitcoin satoshi functions. Key Takeaways Why This Proposal Matters If approved, the fee cut will significantly improve affordability on the Tron network, making transactions more accessible to a wider user base. Analysts estimate that this adjustment could…
Investment Advisers Dominate Crypto ETF Holdings Investment advisers have emerged as the largest institutional players in Bitcoin and Ether ETFs, according to data from Bloomberg Intelligence. In Q2 alone, advisers allocated $1.3 billion (539,000 ETH) to Ether ETFs, marking a 68% increase from the previous quarter.Similarly, Bitcoin ETFs saw $17 billion in exposure from advisers, representing 161,000 BTC under management. This positions advisers as the dominant non-retail holders of crypto ETFs, outpacing hedge funds significantly. Why This Shift Matters Experts believe this trend signals a transition from speculative trading to long-term portfolio strategies. Vincent Liu, CIO at Kronos Research, explained:…
Circle, the issuer of USD Coin (USDC), is strengthening its global payment network by integrating stablecoin settlements into mainstream finance. Through strategic deals with Mastercard and Finastra, Circle aims to position USDC as a key player in international transactions across multiple regions, including Africa, Asia, Europe, and the Middle East. Mastercard Enables USDC Settlement for Merchants Mastercard announced that it will allow acquirers and merchants in Eastern Europe, the Middle East, and Africa (EEMEA) to settle transactions in USDC and Euro Coin (EURC). This marks a significant milestone as stablecoin settlement becomes available through Mastercard’s payment infrastructure for the first…
Stellar (XLM) holds critical support near $0.38 as bulls eye a rebound amid recent market weakness. Stellar (XLM) experienced a 5% price decline, testing a crucial support level around $0.38 after consecutive bearish sessions. Despite the drop, technical indicators suggest a potential pullback from this zone, raising optimism among traders for a short-term recovery. The 4-hour chart reveals that XLM has been in a downtrend since mid-August, facing heavy selling pressure after failing to break resistance near $0.48 and $0.43. Currently, the asset is consolidating in the green demand zone ($0.37-$0.38), which has historically acted as a strong support level.…
