BNB surged past the $700 level, reclaiming the 200-day EMA and triggering a bullish cup-and-handle breakout pattern. This technical move sets the next resistance target between $800 and $820, a zone that previously acted as support and resistance. The momentum is supported by a bullish MACD crossover and RSI rebound, while Binance's upcoming June 1 product reveal and HODLer Airdrop boost ecosystem demand. Holding above $700 is crucial for maintaining this bullish setup, with traders watching for a potential push toward the $800-$820 range or a fallback if the breakout fails.
Bitcoin and Ethereum experienced combined outflows exceeding $59 million as traders moved funds into stablecoins like USDT and fiat currencies, signaling a cautious stance in the crypto market. This rotation reflects a short-term defensive strategy, ...
Ethereum has strengthened its position as the top staking network with a 12.13% weekly increase in staked market cap, reaching $78.08 billion. This growth highlights a shift of investor interest back to large-cap, liquid networks despite mixed result...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Binance has introduced an $800,000 XRP airdrop campaign for holders of Ripple's stablecoin RLUSD, offering weekly XRP rewards until August 14. To qualify, users must hold at least 0.01 RLUSD and meet a daily average trading volume of $500 in Margin o...
BNB Chain completed its 36th quarterly token burn, destroying 1,615,827.795 BNB tokens valued at approximately $931.70 million. This burn reduced the total BNB supply to 133.16 million, part of a long-term plan to lower supply to 100 million. The bur...
