Author: Digicoinvision

Key points:Bitcoin has pulled back into the $115,000 to $110,530 support zone, where buyers are expected to mount a strong defense.ETH has been holding near the overhead resistance as investors pour money into the spot ETH ETFs.Repeated failure to maintain Bitcoin (BTC) above the $120,000 level in the past few days may have tempted short-term traders to book profits. That pulled the price below the $115,000 level on Friday.BTC’s consolidation seems to be shifting investor interest toward Ether (ETH), causing a capital rotation, according to new research shared on X by crypto market insight company Swissblock. According to Farside Investors’ data,…

An early Bitcoin (BTC) investor has sold 80,000 BTC through Galaxy Digital, in what the digital asset company described as one of the largest notional transactions in crypto history, though details regarding the date and execution price were not disclosed.Galaxy Digital’s disclosure of the sale first appeared on PR Newswire late Friday, followed by a post on the company’s official blog about 30 minutes later. Cointelegraph reached out to Galaxy Digital for further details on the transaction, and although the company declined to comment further, they did confirm the authenticity of the press release.Galaxy did not reveal the client’s identity…

Join Our Telegram channel to stay up to date on breaking news coverage CryptoPunks, a globally acknowledged non-fungible token collection, has seen its trading sales volume and floor price value sharply pump today. In the past 24 hours, the CryptoPunks non-fungible token collection has recorded a trading sales volume of $7.8 million. During this time, the Punks NFT trading sales volume has surged by 87% from the previous day. In this article, we shall explore some of the factors fueling the recent surge. Punks Jumps +80% In Daily NFT Sales Volume Data compiled by cryptoslam.io, an on-chain crypto market data…

Bitcoin is making its first meaningful move since breaking its all-time highs and reaching the $123,000 level. After consolidating in a tight range for nearly two weeks, the price is now pulling back toward $115,000—marking a 6% decline from recent highs. While this retracement has stirred caution among short-term traders, data suggests there is little cause for concern at this stage. Related Reading According to CryptoQuant’s Bitcoin Price Drawdown Analysis chart, the current 6% pullback remains well within the normal volatility range observed during prior bull phases. This suggests the move is more likely a healthy market reset than the…

A decentralized finance (DeFi) altcoin that received trading support from the crypto exchange Binance in May is seeing gains despite the dip in the digital assets market. The token of Maple Finance (SYRUP) is currently changing hands for $0.475, up by 7.95% over the past 24 hours. This comes after the DeFi platform for institutional lending unveiled a proposal to increase allocations for purchasing the crypto asset on the open market. The MIP-018 proposal, which will be open for voting by Syrup holders on July 25th, aims to raise token buybacks from 20% to 25% to increase staking rewards. “MIP-018…

JPMorgan strategists say stablecoins and tokenized real-world assets are becoming increasingly intertwined with traditional finance, according to a Bloomberg report. JPMorgan Flags Stablecoin Growth, Warns Against Overhype A growing convergence between digital assets and traditional finance is underway, JPMorgan strategists noted this week, highlighting two major developments: the integration of stablecoins into mainstream financial systems […]

Vietnam launched a national blockchain platform designed to serve as the backbone for its expanding digital ecosystem. On Friday, Vietnam announced the state-run blockchain network, which will verify digital transactions and records across different sectors. The new platform, NDAChain, was developed by the country’s National Data Association (NDA) and will be operated by the Ministry of Public Security’s Data Innovation and Exploitation Center. The government said NDAChain will address long-standing challenges of centralized data models, including cyberattack vulnerabilities, scalability and limited global integration. NDAChain’s role in the national digital ecosystem in Vietnam. Source: NDAChainNDAChain “critical” to the local digital economyNguyen Huy, the head…

El Salvador’s Bitcoin (BTC) reserve has had limited impact on the broader population, and the country’s loan agreement with the International Monetary Fund (IMF) may further complicate its Bitcoin strategy, according to Quentin Ehrenmann, general manager at My First Bitcoin, a non-governmental organization (NGO) focused on Bitcoin adoption.Ehrenmann told Reuters that repealing the Bitcoin legal tender laws under the IMF agreement has created a vacuum in public BTC education or state-led adoption initiatives. In a translated statement, he told the news outlet:“Since the government entered into this contract with the IMF, Bitcoin is no longer legal tender, and we haven’t…

Friends, As the year of the Merge ends, we wanted to share updates from many of the Ethereum gardeners and EF-supported teams that achieved long sought accomplishments, both big and small, alongside the rest of the ecosystem in 2022. We all have a lot to be thankful for, from the new communities we’ve come to know, to having each other through it all! As always, this roundup series focuses on EF-supported teams whose members are working to grow and improve Ethereum as a whole. Included in this edition are updates from many teams highlighted in the previous report, and other…

Key Takeaways Sustained selling pressure in the derivatives market and outflows from DeFi platforms have dragged down VIRTUAL’s performance. Major crypto entities have moved large amounts of VIRTUAL, continuing to acquire the asset despite ongoing market weakness. Virtual Protocol [VIRTUAL] remains in a downward trend, with the price sinking over 20% in the past week alone. This sustained decline underscores the token’s broader market struggles. Market analysis suggests that the downturn may not be over, as more bearish indicators continue to emerge. Interestingly, AMBCrypto observed that the movements by large entities are not necessarily aligned with broader market sentiment, meaning…