archiveCryptocurrencies

Pi Network (PI) recovers by 1% at press time on Wednesday after six consecutive bearish candles. The technical outlook indicates a bearish inclination in the days leading up to July’s biggest token unlock, while sentiments remain muted following the Pi2Day announcements.  Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing signs of weakness mid-week as bullish momentum continues to fade. BTC extends its decline to trade below $106,000, while ETH and XRP slip below their key support levels, raising concerns of a deeper correction on the horizon. If BTC continues to face a pullback...

Circle has applied to launch a national trust bank, the First National Digital Currency Bank, N.A., in the US.The move comes amid JPMorgan's prediction that Circle's stock could hit $80, a 55% drop from its current price.CRCL closed at $181 on Monday, down 39% from its all-time high of $298.Circle (CRCL) closed at $181 on Monday following an announcement that it plans to launch a national trust bank, the First National Digital Currency Bank, N.A. Meanwhile, JPMorgan hinted at a potential 55% plunge to $80 in CRCL's price.Circle files to...

Chainlink trades in the red on Monday, giving up the gains from Sunday. On-chain data displays strong resistance levels at higher prices, while rising optimism in derivatives boosts Open Interest.The technical outlook highlights that Chainlink is at a crossroads amid a short-term surge in supply.Chainlink (LINK) edges lower by over 2% at press time on Monday, starting the week on a declining trend after posting gains during the weekend. Both the technical outlook and on-chain data show overhead supply pressure that could lead Chainlink to extend the pullback, crushing the Open...