DOGUSDT Pulls Back After Failing to Break Resistance Dog (DOGUSDT) has seen selling pressure intensify over the past 24 hours, slipping to around $0.00324 after a rejection from its overhead resistance. The move comes as broader market volatility weighs on smaller-cap altcoins, with technical patterns pointing toward a decisive price test in the coming sessions. The 4-hour chart reveals that DOG recently broke out of a multi-week descending channel that had dominated price action since late May. After the breakout in late June, the token made multiple attempts to rally toward the $0.00380–$0.00400 resistance zone, but sellers remained in control.…
Author: Blockto Team
Bitcoin dominance has slipped to its lowest level in six months, while altcoin market capitalization has jumped over 50% since July, setting the stage for a possible full-scale altcoin season in September, according to Coinbase. David Duong, Coinbase Institutional’s global head of research, wrote in the firm’s monthly outlook that current market conditions “suggest a potential shift towards a full-scale altcoin season.” Coinbase defines such a season as a period when at least 75% of the top 50 altcoins outperform Bitcoin over the previous 90 days. While altcoin season indexes haven’t reached the 75 level Coinbase uses as the threshold,…
New York Assemblymember Phil Steck has introduced legislation that would impose a 0.2% excise tax on all cryptocurrency and NFT transactions, marking one of the most direct state-level attempts to tax digital asset activity in the United States. The bill, Assembly Bill 8966, was filed on Wednesday and would apply to the sale or transfer of digital assets, including digital currencies, coins, and non-fungible tokens (NFTs). If passed, the law would take effect immediately and cover all transactions beginning September 1. Steck’s proposal specifies that tax revenues generated from crypto sales will fund a substance abuse prevention and intervention program…
Key support at $0.235 tested after rejection from major resistance zone Polygon’s POL (POL/USDT) faced heavy selling pressure in the latest trading session, falling 6% from recent highs near $0.265 to a low of around $0.236. The move came amid renewed macroeconomic concerns after fresh inflation data rattled risk markets, prompting traders to lock in gains. The drop followed a failed breakout attempt above the $0.26–$0.27 resistance zone, marked in red on the chart. Price action rejected sharply from this level, echoing a similar reversal seen in mid-July. “Whenever you have a confluence of macro risk and a strong technical…
Nasdaq-listed firm aims to acquire 1 million BTC as part of long-term accumulation strategy KindlyMD has officially completed its merger with Nakamoto, the Bitcoin-focused entity founded by US presidential crypto adviser David Bailey, creating a publicly traded Bitcoin treasury company with an ambitious goal — to accumulate 1 million BTC. The merged company will continue trading on the Nasdaq under the ticker NAKA, with Nakamoto operating as a wholly owned subsidiary. Bailey will serve as CEO and chairman, while KindlyMD’s former chief executive, Tim Pickett, takes on the role of chief medical officer to oversee the healthcare side of operations.…
Victims urged to avoid unsolicited “crypto recovery” offers as losses top $2.5 billion in 2025 The Federal Bureau of Investigation (FBI) has issued a fresh warning to cryptocurrency scam victims, cautioning against fictitious law firms claiming they can help recover stolen digital assets. The bureau says these fraudulent operations are preying on individuals already hit by crypto scams, risking further loss of funds and personal data. In its latest public service announcement, the FBI highlighted that these entities often approach victims directly, posing as lawyers or “crypto recovery specialists.” Many request payments in cryptocurrency or prepaid gift cards — a…
Heavy selling pushes NEAR below $3, but key support holds amid renewed buying interest NEAR Protocol (NEAR/USDT) experienced intense volatility in recent sessions, sliding from resistance near $3.05 to intraday lows around $2.75, as high-volume institutional selling dominated market flows. Trading data shows that during the sharp decline, an estimated 20 million NEAR tokens changed hands, signaling aggressive liquidation from large holders. The sell-off began shortly after NEAR approached a major supply zone between $3.00 and $3.10, an area that had previously triggered profit-taking in late July. Price action broke below a short-term ascending channel, amplifying downside momentum. “When you…
Clarification eases fears after earlier comments rattled crypto markets The US Treasury Department has clarified that it is still exploring budget-neutral methods to acquire Bitcoin for its planned Strategic Bitcoin Reserve, reversing market fears triggered by earlier remarks from Treasury Secretary Scott Bessent. Bessent stated on X that the department remains committed to expanding Bitcoin holdings without increasing taxpayer costs, aligning with the administration’s vision to make the United States a “Bitcoin superpower.” He confirmed that Bitcoin seized in federal criminal cases would form the foundation of the reserve. The clarification came just hours after Bessent told FOX Business, “We’re…
$314M Deal Boosts US Mining Capacity as Tariffs Push Manufacturing Stateside American Bitcoin, a mining firm backed by members of US President Donald Trump’s family, has finalized the purchase of 16,299 Bitmain Antminer U3S21EXPH units in a deal worth approximately $314 million. The order, placed earlier this month, will provide 14.02 exahashes per second (EH/s) of computing power — a significant boost to the company’s operational scale. The agreement was part of an option to acquire up to 17,280 ASIC mining units, securing pricing that is shielded from potential tariff increases linked to the Trump administration’s sweeping import duties on…
Buyers Defend Key Level as Resistance at $4.91 Caps Gains Cosmos (ATOM) experienced a sharp decline today, dropping from its recent swing high near $4.91 to test the $4.60 support zone. The selloff was accompanied by a surge in trading volume, signaling heightened market activity and strong participation from both buyers and sellers. The price action follows an earlier rally in July, when ATOM broke out of an ascending channel and reached its late-month peak. However, repeated rejections near the $4.91–$4.95 resistance band, highlighted in red on the chart, have limited further upside. According to BITX , “The $4.60 zone is a…
