Tag:

price

ConsenSys Reportedly Buys $422 Million in ETH, Ethereum Price to $3000?

by admin June 24, 2025

Joseph Lubin’s blockchain technology company ConsenSys is likely on a heavy ETH accumulation spree. A wallet linked to the company purchased another 3,704 ETH through Galaxy Digital, an on-chain data platform reported on Tuesday. Will heavy accumulation trigger Ethereum price rally to $3,000?

ConsenSys Bought ETH Worth $422 Million

Lookonchain in an X post on June 24 revealed a whale or institution probably linked to ConsenSys purchased another 3,704 ETH worth $8.91 million. The trade was conducted again through Galaxy Digital over-the-counter (OTC) trading desk.

Notably, the wallet 0xCd9…F5F75 purchased a total of 161,112 ETH through Galaxy Digital OTC in the past 3 weeks, which is valued at almost $422 million. Arkham Intelligence showed that the wallet made frequent transfer to 0x0b2…83E57 wallet, which primarily holds Liquid Staked ETH (LsETH) over $187 million. However, the wallets’ link to ConsenSys remain vague.

ETH Transactions. Source: Arkham Intelligence

As The Crypto Times reported recently, ConsenSys purchased 108,278 ETH for a value of about $320 million from the digital assets firm Galaxy Digital.

Whale Alert reported ETH accumulation by many whales in the last 48 hours as the price dipped near the 2,200 level. A whale moved 28,000 ETH worth $67 million from Binance to an unknown wallet. This indicates that whales or institutions are positioning for long-term holding.

Will Ethereum Price Hit $3,000 Amid Huge Accumulation?

ETH price jumped more than 7% in the past 24 hours, with the price currently trading at $2,419. The 24-hour low and high are $2,191 and $2,446, respectively. Furthermore, the trading volume has increased by 10% in the last 24 hours, indicating a slight rise in interest among traders.

Ethereum Price in 1-Day Timeframe. Source: TradingView

In the daily timeframe, Ethereum price is currently moving strongly but still below the 50-SMA. It needs to reclaim above the $2,500 for picking upside momentum. The RSI has rebounded to 46 signals, providing support for further upside in ETH price.

Moreover, exponential moving average (EMA) indicates possible consolidation or the price may seem stuck between $2,500-$2,750 range this month. Ethereum price may rally in July after the formation of a “golden cross,” pushing traders to buy ETH.

Analyst Michael van de Poppe pointed out that ETH is acting strongly in the recent turmoil in the markets. He predicted a reclaim of 0.023 in the ETH/BTC chart will bring a strong upwards momentum.

Also Read: Ethereum (ETH) Price Pumps 15% After Trump’s Ceasefire: Local Bottom In?

Source link

June 24, 2025 0 comments

Crypto Trends

Cardano (ADA) Price Skyrockets 10% as Bulls Regain Control

by admin June 24, 2025

Cardano (ADA) is witnessing a significant rebound as bulls in the ecosystem appear determined to push the asset to reclaim lost gains. According to CoinMarketCap data, the price of ADA has spiked by 10% in the last 24 hours as traders are actively buying the coin.

Key resistance at $0.60 as Cardano investors eye $1

Notably, ADA’s value climbed from a low of $0.5308 to a peak of $0.5932 as transactions intensified. As of press time, investors have pulled back, leading to a slight drop in the value of Cardano on the crypto market.

Cardano Lace Wallet integration of Bitcoin sparks optimism

Meanwhile, positive developments that could further drive adoption have been rolled out in the Cardano ecosystem. According to Charles Hoskinson, Cardano founder, Lace Wallet has fully integrated Bitcoin on the mainnet and is now live.

Bitcoin Price Jumps to $106,000 After Trump Announces Ceasefire

by admin June 24, 2025

Bitcoin (BTC) has surged back above the $106,000 mark after dipping to $98,500 on Sunday, its lowest point in 45 days. The recovery came as U.S. President Donald Trump announced a “total ceasefire” between Israel and Iran, easing market fears and boosting investor confidence.

Despite the brief selloff, Bitcoin’s derivatives market stayed mostly stable. The price drop triggered $193 million in liquidations of bullish leveraged positions, but total futures open interest remains steady at $68 billion.

Donald J. Trump Truth Social 06.23.25 03:52 PM EST

Iran has officially responded to our Obliteration of their Nuclear Facilities with a very weak response, which we expected, and have very effectively countered. There have been 14 missiles fired — 13 were knocked down, and 1 was…

— Commentary Donald J. Trump Posts From Truth Social (@TrumpDailyPosts) June 23, 2025

There are traders who are now keenly observing whether Bitcoin will be able to breach the $110,000 resistance but there is still a worry about the geopolitical tensions that are still present. A prolonged conflict in the Middle East could still spook investors and lead to more risk-averse strategies.

Interestingly, Bitcoin’s network was also impacted during the weekend drop. The hashrate fell 8%, from 943.6 million TH/s to 865.1 million TH/s. Some analysts believe this could be linked to mining disruptions in Iran, where unverified reports suggest up to 2 gigawatts of power may be used by illegal mining farms.

However, sudden hashrate drops aren’t unusual. Daniel Batten noted similar declines have occurred in the U.S. during extreme weather events, such as the 27% plunge in April during Texas and Oklahoma storms.

Meanwhile, oil prices fell and the S&P 500 rose 1% on Monday. Traders are now more confident the U.S. Fed could cut interest rates soon. The chance of a rate cut by November has risen sharply, offering potential tailwinds for Bitcoin’s next move.

Also Read: US Attack on Iran Crashes Bitcoin Mining Hashrate: Fact Check

Source link

June 24, 2025 0 comments

Crypto Trends

LINK Price to Smash $15 Or $10?

by admin June 24, 2025

The Chainlink price has displayed increased volatility over the past few days as the market has recorded major price action over the past week. With an intraday jump of over 6%, it is on the path of retesting its $12 mark with a trading volume of $541.12 million.

LINK Crypto Records Increased Whale Activity

Amid the increasing volatility, the Chainlink token has experienced a huge spike over the recent times. As per the latest data from Lookonchain, a well-known page among investors for whale activity has recently posted about a major transaction involving the Chainlink crypto.

Notably, non-circulating Chainlink wallets have deposited 17.85 million LINK tokens worth approximately $149 million into Binance cryptocurrency exchange. With this, LINK has successfully executed 11 major unlocks out of which most were followed by price pumps.

Chainlink Price to Witness Major Retest

The Chainlink price has formed a descending channel pattern in the daily time frame and continues trading within it since May 2025. Moreover, it is on the verge of retesting its support trendline, highlighting increasing price action for LINK crypto in the market.

On the other hand, it has also formed a strong support zone around the $11.50 mark and has maintained its value above it since October 2024. With the ongoing market sentiments, the uncertainty for it is significantly rising.

The volume indicator displayed a sharp spike during April, however, it has witnessed a consolidated action since then. This shows a weak buying and selling pressure for the LINK price in the market.

The Stochastic Relative Strength Index (RSI) indicator has plunged below the oversold range as the market sentiments turn volatile. Positively, it shows a bullish convergence in its average trendline in the daily time frame. This hints at a high possibility of a reversal in the upcoming time.

If the Chainlink price successfully retests its support trendline this week, it could result in it heading back toward its resistance levels of $13 or $15 respectively.

Conversely, if the bears outrun the bulls, this could pull the price of LINK token toward its support trendline of the descending channel pattern around the $11.50 mark. Additionally, a sustained bearish action may plunge the value toward its crucial support of $10 shortly.

Also Read: FARTCOIN Price Spikes 14%: Arkham Listing Factor or Something Else?

Source link

June 24, 2025 0 comments

NFT Gaming

SHX price gains 12% as Stronghold tightens focus on payments and green tech

by admin June 23, 2025

Bitcoin’s slow grind after the Iran strike couldn’t compete with SHX’s double-digit surge, highlighting increased interest in tokens associated with real-world applications and lower energy footprints.

According to CoinMarketCap data, the Stronghold (SHX) token jumped 12% on June 2, sharply outperforming majors like Bitcoin (BTC) and Ether (ETH), which posted modest gains of 3.86% and 5.5% respectively.

SHX climbed from a daily low of $0.01125 to as high as $0.01280 at the time of writing, extending a 40% monthly gain that has placed it among the stronger-performing tokens in Q2, according to price data.

SHX’s price action on Monday appeared less tethered to geopolitical risk and more responsive to growing investor confidence around Stronghold’s expanding product roadmap, particularly its enterprise-grade escrow feature currently in development.

Why is SHX price pumping?

Stronghold’s upcoming escrow service, confirmed by CTO Sean Bennett to launch within weeks, represents the first major utility expansion for SHX since its 2018 debut. The service targets pain points in global B2B payments, where traditional systems often take 2–5 business days for cross-border settlements.

While Stronghold hasn’t released official performance metrics, Stellar network data (which SHX utilizes) shows average transaction finality of 3 to 5 seconds which could significantly reduce settlement times compared to legacy systems.

Adding to the momentum is Stronghold’s public alignment with sustainability goals at a time when ESG scrutiny around crypto continues to intensify. The platform’s decision to build on the Stellar network aligns it with networks that emphasize energy efficiency, a factor that may appeal to environmentally conscious stakeholders.

With each transaction consuming only a fraction of a watt, SHX’s low-carbon architecture may offer advantages in meeting future environmental standards, though direct impact on valuation is not yet confirmed.

Still, the SHX rally isn’t without volatility. After peaking near $0.01445 in mid-June, the token briefly retraced to the $0.013 level, triggering short-term profit-taking and technical consolidation.

Market data indicates this was less a sentiment reversal than a healthy breather after a multi-week run that saw SHX gain more than 50% from early May levels. With the token currently hovering near local resistance, traders are monitoring whether the token will maintain its recent momentum or enter a consolidation phase.

Source link

June 23, 2025 0 comments

GameFi Guides

XRP Ledger Payment Volume Soars to $682 Million Amid Price Rally

by admin June 23, 2025

With the crypto market flipping positive as prices of major cryptocurrencies record notable daily gains, XRP has seen the trend extend to both its price and on-chain activity.

On-chain data from XRPSCAN shows a dramatic surge in XRP Ledger payment volume.

As of June 23, data shows that the payment volume on the XRP Ledger rose from 454.85 million the previous day to a massive 681.95 million today.

This marks a 49.91% increase in XRP payment volume over the last 24 hours, suggesting a rise in cross-border transactions involving the token and growing institutional interest in XRP’s payment solutions.

While the exact reason behind this surge remains unclear, there is speculation that it may be tied to internal exchange transfers or possible rebalancing strategies from XRP-focused institutions.

With this increase in on-chain activity coinciding with a notable rise in XRP’s market value, it appears the token is regaining momentum, reflecting renewed investor interest. This signals growing confidence in XRP not only as a payment tool but also as an efficient investment option.

ETF buzz sparks optimism

XRP payment volume spike is largely attributed to the buzz surrounding the XRP ETF debut in North America.

Following its listing on the Toronto Stock Exchange, the 3iQ XRP ETF has gained notable traction, emerging as Canada’s largest XRP-focused exchange-traded fund. The token, currently the third-largest by market capitalization, has become a key point of attention in recent days.

XRP Price Completes Bearish Retest As Macro Signals Point To $2.65

by admin June 23, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Crypto analyst Egrag Crypto has revealed that the XRP price has completed its bearish retest, following the recent decline below the $2 level. The altcoin is now eyeing a bullish reversal, and the analyst has predicted that it could rally to as high as $2.65.

XRP Price Eyes $2.65 Following Completion of Bearish Retest

In an X post, Egrag Crypto stated that the key breakout zones are the narrow range between $2.30 and $2.33 and the macro signaling level at $2.65. This came as the analyst indicated that the XRP price has completed its retest of the $1.90 and $2 range, which he had earlier predicted.

Commenting on the current XRP price action, Egrag Crypto stated that the next move depends on whether the altcoin breaks above $2.08. If not, he warned that XRP could again retest the lows around $1.9. On the other hand, if it closes above $2.08 within the first 12 hours, along with daily and higher timeframes candles closure, then it would signal that “bulls are stepping in aggressively.”

Source: Egrag Crypto on X

A successful close above this level could trigger a rally to these breakout zones at the narrow range between $2.30 and $2.33 and the macro signaling level at $2.65. Egrag Crypto indicated $2.65 was the level that could pave the way for a massive surge to a new high. His accompanying chart showed that $3.4 is a level of interest for the XRP price if it reclaims $2.65.

This Is The Final Shakeout For XRP

In an X post, crypto analyst CasiTrades provided a bullish outlook for the XRP price, declaring that this recent decline is not a failure but the final shakeout. She remarked that XRP is delivering the price action she has been looking for. This includes the bullish divergence, which formed following the altcoin’s decline to the $1.90 level.

CasiTrades drew attention to the Bitcoin price action, which she said has built her confidence in the XRP price bullish setup. She claimed that BTC is showing the same structure as the altcoin. Over the past week, the flagship crypto approached its major .236 retracement near $97,000. BTC came shy of this level, bounced back, and now looks ready for that final sweep to support.

The analyst affirmed that there will be a heavy confluence if BTC tags that level while XRP hits $1.90. CasiTrades mentioned that both assets are showing this same “almost hit, bounce, final drop” behavior and that it is no coincidence. She claimed that the markets do this all the time when looking for fuel to launch a reversal. If the XRP price holds $1.90 and BTC reacts at $97,000, she declared that it is the kind of stacked signal the market has waited weeks for.

At the time of writing, the XRP price is trading at around $2, down over 3% in the last 24 hours, according to data from CoinMarketCap.

XRP trading at $1.9 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from iStock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Source link

June 23, 2025 0 comments

GameFi Guides

Bitcoin Classic Whales Remain Unmoved As BTC Price Struggles Above $102,000 Line

by admin June 23, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

After weeks of trading above the $100,000 threshold, Bitcoin’s price has fallen below this psychological level with the heightened bearish state of the crypto market. However, the flagship asset has recovered to this level, and it is now trading slightly above $102,000. Within this waning price action is a positive trend and activity spotted among key BTC investors.

Classic BTC Whales Maintain a Neutral Stance

During the weekend, Bitcoin experienced a sharp decline as macroeconomic conditions remained bearish. On-chain data shows that BTC’s waning price action has not entirely influenced the conviction of many investors, especially whales.

Alphractal, a data analytics and investment platform, reported that the true and classic whale investors are still maintaining a neutral stance, neither bullish nor bearish. The platform revealed the development following its investigation of the Bitcoin Whale Transaction metric to gauge big investors’ transactions.

According to the platform, the volume of on-chain BTC transactions over $100,000 stays at neutral to low levels. A look at the chart shows that this trend and position also occurred back in 2020, indicating a potential market reaction akin to that of the 2020 bull cycle.

Such steady behavior from whales points to a wait-and-see strategy by these investors, indicating neither terror nor euphoria. Despite short-term volatility, their neutrality might indicate greater market apprehension or faith in Bitcoin’s long-term course.

BTC whale transaction volume is neutral | Source: Alphractal on X

The on-chain platform highlighted that OG Whales usually shift enormous amounts of BTC during bull runs. However, this trend identified among these key investors in the bull market phase has not happened since 2022.

Bitcoin’s recent pullback has raised concerns about its near-term prospects as the flagship asset dropped to the Short-Term Holders Realized Price. Alphractal noted that Bitcoin had reached the STH realized price after declining below the $99,000 zone.

According to Alphractal, this is the point where it hits the average price of every BTC bought in the last 155 days. In the meantime, the expert has urged investors to be extra cautious since this could be the primary short-term support.

BTC To Rally In The Near Term

While BTC struggles to regain upside traction, Batman, a crypto expert, stated that the asset is still holding strong at support and showing good resilience. Since rising above the $100,000 mark, Bitcoin has maintained its position above this level for over 44 straight days, reflecting its resilience even during market whirlwinds. “That’s a good sign in the tough market we have seen lately,” he added.

Batman noted that if this support continues to hold, BTC may push toward the $120,000 level in the short term. This expected surge aligns with the last phase of the Wyckoff theory, which the expert believes will start sooner or later.

BTC trading at $101,750 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Pixabay, chart from Tradingview.com

Source link

June 23, 2025 0 comments

Crypto Trends

BNB Price Analysis Modest Gains Even as Geopolitical Tensions Rise

by admin June 23, 2025

BNB saw a modest gain of 2% in the past 24 hours, pushing past $627 before settling with firm support at $616.55.

The move comes as the BNB Chain, the blockchain tied to BNB, saw its daily transactions nearly double to 17.6 million since mid-May, according to data from DeFiLlama.

Crypto markets have been jittery amid escalating geopolitical tensions and shifting trade policies between major economies.

One factor helping to buoy sentiment is the upcoming Maxwell hard fork, scheduled for June 30. If successful, it will reduce block times from 1.5 seconds to 0.75 seconds, potentially making the network more competitive with high-speed chains.

If momentum continues, BNB may attempt to reclaim the $650 level and push toward $700. But much will depend on how users respond to the technical upgrades and how the geopolitical situation develops.

Technical Analysis Overview

BNB formed a strong uptrend, with notable volume support that helped establish a key support level at $616.55, according to CoinDesk Research’s technical analysis model.
The most significant breakout came as the price surged through resistance at $624.59 and reached the session high of $627.85.
After several hours consolidating between $620 and $625, BNB broke resistance at $625.24, signaling potential for further upside into the $630–$635 range.
BNB rallied from $619.31 to $627.03, adding 1.25% in a sharp upward move that reinforced bullish momentum, before seeing a decline to now stand at $621.6.

Source link

June 23, 2025 0 comments

NFT Gaming

Polygon price slowly forms a bullish pattern as stablecoin growth surges

by admin June 23, 2025

Polygon price continued its downward trend on Monday, June 23, dropping to its lowest level since April 9.

Polygon (POL) plunged to a low of $0.1732, mirroring the broader sell-off in altcoins. The token is now down more than 77% from its December 2023 high.

The sell-off in Polygon comes amid a broader crypto market downturn and the network’s declining market share to rising competitors like Base and Arbitrum. For instance, decentralized exchanges on Polygon processed $3.82 billion in transactions over the last 30 days.

By comparison, Coinbase’s Base chain handled over $29 billion during the same period, while Arbitrum recorded $18.9 billion. Newer layer-1 blockchains such as Hyperliquid and Sui have also overtaken Polygon in terms of DEX volume.

On a more positive note, Polygon has shown strong growth in the booming stablecoin sector. Its stablecoin supply has jumped 10% over the last 30 days to more than $2.3 billion.

Supporting this, the number of stablecoin transactions on Polygon jumped 44% to 81.1 million during the same period. The adjusted transaction volume surged 35% to $52 billion, positioning Polygon as one of the leading chains in stablecoin activity.

Most of this activity has come via Binance, followed by Polymarket, the popular prediction market platform.

Polygon price technical analysis

POL price chart | Source: crypto.news

The daily chart shows that POL bottomed at $0.1500 in April and rebounded to a high of $0.2754 on May 11. Since then, the price has retreated and broken below the 50-day moving average.

Polygon is now approaching a critical support level at $0.1500, suggesting it may be forming a double-bottom pattern, a common bullish reversal signal.

If the price holds above this level and begins to bounce, the next upside target would be the neckline around $0.2757. However, a decisive drop below $0.1500 would invalidate the bullish setup and potentially trigger further downside.

Source link

June 23, 2025 0 comments