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Altseason on Hold? Altcoins Decline as Bitcoin Falls Below Local Support (Bitfinex)
Over the past three weeks, bitcoin (BTC) has been testing its local range lows near $115,800. Unfortunately, it gave way over the weekend, and the leading cryptocurrency fell to $112,000. Interestingly, altcoins followed suit, seemingly abandoning the bullish momentum they had ridden during this altseason. This raises the question of… Listen ⇢
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Cango posts ‘massive’ July Bitcoin haul, boosting corporate treasury – MAXBIT
Three months into its full Bitcoin mining pivot, Chinese company Cango mined 450 BTC in July. Three months after divesting its auto financing unit to focus on Bitcoin mining, Chinese conglomerate Cango (CANG) has significantly ramped up crypto production, indicating that its acquisition of Bitmain mining rigs is enhancing its… Listen ⇢
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Ethereum Consolidation Deepens As Taker Buy/Sell Ratio Hits One Of The Lowest Levels This Year
Ethereum (ETH) has been facing heightened volatility over the past week, following a sharp correction from its recent local high at $3,940 down to $3,360. After weeks of aggressive buying activity and bullish momentum, the market is now showing signs of fatigue. Analysts are growing cautious, with many warning that… Listen ⇢
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Solana Institutional Interest Grows As DeFi Dev Corp Adds 110,466 SOL To Treasury – MAXBIT
While Solana’s price has gained upside traction, many treasury companies are beginning to purchase the altcoin at a significant and rapid rate to boost their treasury holdings. One of the treasury companies that has showcased robust confidence in SOL and has gone on a buying spree is Defi Dev Corp.… Listen ⇢
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Litecoin (LTC) Soars by 40% Monthly: Is There More Room for Growth?
TL;DR LTC witnessed a substantial price uptick, fueled by MEI Pharma’s $110 million purchase of Litecoin tokens. While analysts foresee a rally toward $150 and beyond, technical indicators such as the rising RSI and increased exchange inflows suggest that a possible short-term correction may be in play. The Next Targets… Listen ⇢
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BTC price to $110K next? – MAXBIT
Increased demand for downside protection reflects macro risks, not an imminent Bitcoin price collapse, which could help BTC avoid a trip down to $110,000. Key takeaways: Bitcoin futures premium stays in neutral range despite higher demand for price protection. Global economic uncertainty drives interest in hedging, not direct bets on… Listen ⇢
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Ripple (XRP) News Today August 5th
Developments surrounding the case against the SEC, the advancement of RLUSD, and enhanced XRP price volatility – check out some of the latest news associated with Ripple and its native cryptocurrency. The Ripple/SEC Case Remains Ongoing The legal tussle between Ripple and the US Securities and Exchange Commission (SEC), which… Listen ⇢
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Cardano Marks Historical Milestone With Governance Vote, Hoskinson Reacts – MAXBIT
Cardano (ADA) has achieved a significant milestone with the successful completion of its first-ever on-chain governance vote. For the first time, core development funding has been directly approved by the Cardano community, marking a significant step forward in the blockchain’s transition to fully decentralized governance. Reacting to the milestone, Cardano’s… Listen ⇢
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What Crypto Whales are Selling Before Trump’s Global Tariffs on August 7
The Trump administration will announce the full details of tariffs for most of the world by August 7. These tariff announcements typically trigger volatility across the stock and crypto markets. Hence, crypto’s large holders, commonly called whales, appear to be repositioning ahead of the news and distributing some assets. Uniswap… Listen ⇢
Meet the podcast host, Emily Grace.
Emily Grace is a writer at crypto.readnow.cc, covering the latest trends, news, and insights in the world of cryptocurrency and blockchain.
