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Volume

HBAR Experiences Sharp Decline Amid High Volume Selling Pressure

by admin September 22, 2025

HBAR experienced a sharp downturn over a 23-hour trading window between September 21 and 22, as the token tumbled from $0.24 to $0.22. The 6.29% decline was accompanied by a dramatic expansion in volatility, with trading ranges reaching 9.7%—well above monthly averages. Market pressure intensified as institutional sellers drove prices lower, establishing firm resistance around the $0.235–$0.24 zone and triggering a wave of liquidations.

The most pronounced selling pressure arrived at midnight on September 22, when volumes surged to 137.11 million, nearly triple the daily baseline. This spike marked the peak of the selloff as market sentiment soured across crypto assets, amplifying HBAR’s decline. At the trough, the token hovered around $0.22, signaling potential capitulation among short-term holders.

Yet, the session ended with a notable rebound. In the final hour of trading, bulls regained momentum, pushing HBAR from $0.2197 to $0.2222. A breakout above the $0.22 threshold was fueled by an exceptional 6.21 million in volume within minutes, sparking a short-lived rally toward session highs near $0.2225. The recovery underscored the token’s liquidity-driven dynamics, though volumes collapsed to zero in the final three minutes, suggesting a temporary equilibrium.

HBAR’s volatile session highlights the crypto market’s heightened sensitivity to institutional flows and sentiment-driven reversals. The combination of sharp declines, outsized volume spikes, and a late-stage rebound illustrates the rapid shifts in liquidity that define digital asset markets—underscoring how quickly bearish pressure can give way to opportunistic buying.

HBAR/USD (TradingView)

Key Technical Indicators

Price tumbles 6% from $0.24 to $0.22 over 23-hour period from 21 September 15:00 to 22 September 14:00.
Volume explodes to 137.11 million at 22 September 00:00—nearly triple daily average baseline.
Bears establish strong resistance at $0.24 level where price reverses sharply on heavy selling.
Bulls mount 1% recovery rally in final 60 minutes from 22 September 13:09 to 14:08.
Breakout above $0.22 resistance occurs at 13:54 on exceptional 6.21 million volume surge.
Zero trading volume in final three minutes signals temporary market pause after volatile session.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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September 22, 2025 0 comments

Crypto Trends

Adoption Set to Surge, Hit $4T in Cross-Border Volume, EY Survey Shows

by admin September 21, 2025

Stablecoin adoption is gaining momentum among corporates and financial institutions driven by regulatory clarity and cost-savings in global money transfers, according to a survey by EY-Parthenon.

Conducted with 350 executives in June after the Senate passed the GENIUS Act, the survey found that 13% of firms already use stablecoins, mainly for cross-border payments. Among those who didn’t use stablecoins, 54% expected to adopt them within the next six to 12 months.

Regulatory clarity provided by the GENIUS Act was widely viewed as a turning point. The legislation, which was signed into law in July, provided long-awaited rules for U.S. dollar-denominated stablecoins, including reserve requirements and issuer approval processes.

Executives said in the survey the law reduces uncertainty around liquidity, tax treatment and custodial services.

(EY-Parthenon)

Cost savings are also a key driver for adoption, with 41% of current users reporting at least a 10% reduction in expenses from using stablecoins in international transactions.

Respondents also saw stablecoins as a long-term fixture in global finance. By 2030, they estimate stablecoins could facilitate between 5% and 10% of all cross-border payments, representing $2.1 trillion to $4.2 trillion in value.

Still, infrastructure hurdles remain. Only 8% of businesses accepted payments in stablecoins, and many firms planned to lean on banking and fintech partners for integration.

Read more: U.S. Stablecoin Battle Could Be Zero-Sum Game: JPMorgan

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September 21, 2025 0 comments

NFT Gaming

Kalshi Outpaces Polymarket in Prediction Market Volume Amid Surge in U.S. Trading

by admin September 21, 2025

Kalshi is pulling ahead in the prediction market race, capturing a dominant share of trading volume even as competitors like Polymarket push into regulated U.S. territory.

From Sept. 11 to 17, Kalshi accounted for 62% of total volume in the on-chain prediction market sector, according to data from Dune Analytics, while Polymarket’s stood at 37%. The former’s weekly trading pace topped $500 million, with an average open interest of around $189 million.

Prediction market volumes (Dune)

Its volume is beyond that of Polymarket, which stood at $430 million, and its average open interest of $164 million, which implies “sticker positions on Polymarket and faster turnover on Kalshi.”

Polymarket’s longer-term markets, which often stretch over weeks or months, keep user funds locked in for longer periods, essentially.

This shows up in the open interest-to-volume ratio: Polymarket averaged 0.38, while Kalshi sat lower at 0.29. That suggests Kalshi’s users are trading more often, while Polymarket’s positions tend to sit.

Still, Polymarket is building out a greater position in the U.S. The platform has cleared its acquisition of QCX, a regulated derivatives exchange, to enter the country again.

It has also launched earnings-based markets with social investing platform Stocktwits, designed to let stockholders hedge earnings risk and analysts gauge market sentiment in real time.

Read more: Polymarket Weighs $9B Valuation Amid User Surge and CFTC Approval: The Information

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September 21, 2025 0 comments

NFT Gaming

Cardano Volume Crashes 36%, Is $1 Dream Crushed?

by admin September 21, 2025

Cardano (ADA) has succumbed to a market-wide crash as its price dropped from an intraday peak of $0.9082. This dip has once again derailed its hopes of hitting the much-anticipated $1 target. Also, Cardano has recorded a significant volume drop in the last 24 hours.

Exchange delistings and profit-taking weigh on ADA price

As per CoinMarketCap data, Cardano’s trading volume has plunged by a massive 36.5% to $1.13 billion. The dip indicates market participants are not enthusiastic about the coin’s price outlook. They could have pulled back to minimize losses that might accompany trading the asset amid its ongoing volatility.

As of this writing, Cardano’s price was trading down at $0.8897, which represents a 0.85% decline within the last 24 hours and 5.77% in seven days. It earlier dropped to a low of $0.8874 before a slight recovery within this time frame.

Cardano 7-day Chart | Source: CoinMarketCap

Several on-chain factors were responsible for the price action of Cardano. Notably, most of the asset’s investors decided to go for profit as soon as it topped $0.90. This surge in profit-taking prevented its upward movement to the psychological $1 level.

Additionally, Bitget exchange has decided to delist a couple of ADA pairs, which triggered sell-offs in the market. This reduced exchange support has clearly impacted Cardano negatively amid the broader crypto market struggles. Bitget’s decision to delist the pairs might have been performance-based.

Earlier this year, Tim Harrison of Input Output EVP noted that Cardano has a “marketing problem” and lacks the creativity to sell its value to potential investors. Harrison believes that if the blockchain is able to simplify its communication messages, ADA could gain more traction among crypto users.

This gap in communication clarity for investors might be contributing to the asset’s stagnation, even as other altcoins continue to outperform ADA in the crypto space.

Cardano’s marketing challenges and investor criticism

Meanwhile, Cardano founder Charles Hoskinson has attempted to promote ADA, but it has fallen flat among users in the space. Reacting to his X post that “Cardano is going to break the internet,” many responded with criticism. They highlighted the poor performance of ADA among other crypto projects in the market.

Cardano has been struggling to climb up the ranking of crypto assets by market capitalization. Its previous attempt at the ninth position was short-lived as Tron reclaimed the spot, pushing ADA to the 10th place.

However, with the buzz around exchange-traded funds (ETFs) and Grayscale’s recent S-1 registration, there might be a shift in price outlook.

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September 21, 2025 0 comments

NFT Gaming

Cardano Bullish Bets: Daily Trading Volume Explodes With ETF Listing Buzz – What To Know

by admin September 19, 2025

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

In the ongoing wave of bullish sentiment flooding the broader cryptocurrency market, Cardano (ADA) is benefiting from the renewed upward action as its price draws closer to the $1 mark. ADA’s current fresh rally appears to have sharply bolstered the mood of investors, with massive capital observed flowing into the leading altcoin and blockchain.

A Surge In Cardano’s Market Activity

Once again, Cardano has reclaimed $0.9 threshold as the altcoin gains notable bullish traction. Alongside this newfound upside strength in price, the major blockchain has experienced a surge in its activity in the past day.

TapTools reported this surge in market activity in a recent post on the social media platform X, which reflects heightened investor engagement. The development also underscores growing conviction in the blockchain’s long-term potential as both traders and institutions swoop in to take advantage of its recent momentum.

Data shared by TapTools shows that Cardano’s daily trading volume exploded following its bullish price action, surpassing a staggering $2.5 billion. In addition to highlighting the blockchain’s growing market position, this substantial volume suggests shifting dynamics within the general crypto landscape.

Source: Chart from TapTools on X

According to the platform, this significant growth in trading volume coincides with the anticipation of its Exchange-Traded Fund (ETF) listing. Considering the trend, it seems investors are positioning themselves for what could be a game-changing moment in the altcoin’s journey.

With anticipation running high, the likelihood of the Cardano Spot ETF getting approval from the United States Securities and Exchange Commission (SEC) has experienced a sharp uptick in the last few days. Such a development signals rising confidence from institutional players and the crypto community toward approval, expected to occur in October this year.

TapTools has shared a recent chart from leading prediction platform PolyMarket, which reveals that the odds for an ADA spot ETF are now positioned at 89%. The percentage marks an all-time high supported by its strengthening fundamentals, and rising calls for greater diversification in cryptocurrency investment products.

ADA’s Price Building Momentum For A Rally

With Cardano ETFs’ potential growing and the network rising, ADA might be gearing up for the next major upswing in the crypto market. Several well-known crypto analysts, such as Ali Martinez, are predicting an extension of its current rally beyond the $1 price level.

After examining Cardano’s price action in the daily time frame, Ali Martinez revealed that the altcoin is holding strongly above a key support, suggesting strong buying pressure. Should the bulls manage to maintain this momentum and push the price higher, the expert foresees a move toward the next key targets at the $1.15 and $1.25 range.

In another X post, Martinez outlined the reappearance of a bullish pattern seen in 2020 that led to a significant price surge. According to the expert, ADA seems to be mirroring this trend from the last cycle and is likely to experience a similar rally. As a result, Martinez has declared the ongoing bull rally is still in its early stages.

ADA trading at $0.90 on the 1D chart | Source: ADAUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

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September 19, 2025 0 comments

Crypto Trends

XRP and DOGE ETFs Smash Records with $54.7M Combined Day-One Volume

by admin September 19, 2025

Spot exchange-traded funds (ETFs) tied to the payments-focused XRP XRP$3,0389 and the top meme token, dogecoin DOGE$0.2752, debuted in the U.S. on Thursday with a bang, drawing significant trading volume.

The REX-Osprey XRP ETF, listed on the CBOE under the ticker XRPR, registered a trading volume of $37.7 million, marking the largest debut volume of any ETF launch this year, according to data shared by Bloomberg senior ETF analyst Eric Balchunas.

This first-day tally outpaced the previous record holder, Dan Ives’ Wedbush AI Revolution ETF (IVES), signaling strong investor appetite for alternative investment vehicles linked to coins beyond Bitcoin BTC$116 814,85 and Ether (ETH).

XRP’s market capitalization recently surpassed that of traditional banking giant Citigroup. Furthermore, Ripple, the company behind XRP, which facilitates cross-border transactions, has applied for a banking license in the U.S.

Traders also embraced the REX-Osprey Dogecoin ETF, ticker DOJE, which generated a first-day volume of $17 million. This placed DOJE among the top five ETF debuts of the year.

DOJE’s strong performance is notable given Dogecoin’s reputation as a non-serious meme token.

The successful launch of these two ETFs follows the SEC’s decision to approve a new, streamlined listing standard for crypto ETFs, reducing approval times to approximately 75 days from 240 days.

First-day net inflow figures are expected to be released later Friday.

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September 19, 2025 0 comments

Crypto Trends

REX-Osprey’s XRP, DOGE ETFs See $54M Trading Volume on Debut

by admin September 19, 2025

Investors rushed into the first U.S. exchange-traded funds (ETFs) tied to Dogecoin and XRP, driving trading volumes far above Wall Street forecasts. The two funds, launched Thursday by REX Shares and Osprey Funds, together saw nearly $55 million in trades on their debut, a blockbuster start for altcoin ETFs.

The REX-Osprey XRP ETF (ticker: XRPR) led the charge, recording $37.7 million in trading volume, according to Bloomberg ETF analyst Eric Balchunas. He noted it was the “biggest day one” of any ETF launched in 2025 so far.

$XRPR traded $37.7m on Day One, which edges out $IVES for the biggest day one (natural) $ volume of any 2025 launch. $DOJE is no slouch at $17m, which would be Top 5 for year.. out of 710 launches. Good sign for the onslaught of 33 Act ETFs coming soon.. pic.twitter.com/JaQP9ekFIq

— Eric Balchunas (@EricBalchunas) September 18, 2025

Within just 90 minutes, XRPR had already clocked $24 million in trades, five times more than any XRP futures ETF had achieved on its first day. XRP itself is the world’s third-largest cryptocurrency, currently trading around $3.06, down 1.64% in the last 24 hours

Dogecoin ETF Also Surprises

Meanwhile, the REX-Osprey Dogecoin ETF (ticker: DOJE) also smashed expectations. Balchunas initially predicted $2.5 million in first-day volume, but DOJE closed Thursday with $17 million in trades, placing it among the top five ETF debuts of the year. Dogecoin, the largest memecoin by market cap, is priced at about $0.28, down 1.78% in the last 24 hours.

Setting the over/under on $DOJE volume on Day One at $2.5 million (which is respectable table but nothing too special). The fact that’s it 40 Act and not 33 Act (and is not big boy issuer) could diminish interest a bit relative to other crypto first evers. We’ll soon find out.

— Eric Balchunas (@EricBalchunas) September 18, 2025

Both funds are registered under the Investment Company Act of 1940 (40 Act), unlike Bitcoin and Ether ETFs launched under the 1933 Act. While the 40 Act has stricter rules, it allows faster approval. The ETFs do not hold crypto directly but gain exposure through offshore subsidiaries and foreign exchange-traded products.

Analysts say the strong debut signals growing appetite for crypto ETFs beyond Bitcoin and Ether. Balchunas called it a “good sign” for the wave of altcoin and staking-focused funds waiting for regulatory approval.

With the SEC recently approving new listing standards to speed up ETF launches, more crypto assets could soon join XRP and Dogecoin in the spotlight.

Also Read: REX-Osprey Solana Staking ETF Hits $250M as SOL Price Soars

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September 19, 2025 0 comments

Crypto Trends

Ethereum Price Slips as $1,200,000,000 ETH in Sell Volume Hits Market

by admin September 17, 2025

The Ethereum price is trading in red on the daily time frame. At press time, ETH was trading down 1.92% in the last 24 hours to $4,441, according to CoinMarketCap data.

According to community analyst at CryptoQuant Maartunn, Ethereum recently saw a taker sell volume of $1.2 billion, which has pushed its price lower in the last 24 hours.

Ethereum fell for three consecutive days since a high of $4,768 on Sept. 13 and is now entering a fourth day of dropping, reaching an intraday low of $4,425.

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The crypto community is seeing mixed trading in the early Tuesday session as investors traded cautiously ahead of the Federal Reserve’s interest rate decision this week.

Investors are awaiting the outcome of the Federal Reserve’s Federal Open Market Committee meeting, which begins on Tuesday and will conclude on Wednesday.

Ethereum price prediction

In a recent CNBC interview, Ethereum-focused MicroStrategy-style company BitMine Chairman Tom Lee predicts that Ethereum might be a beneficiary of the Fed’s rate cut.

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Wu Blockchain cited Tom Lee’s prediction of the Nasdaq 100 (Mag 7 + AI sector), Bitcoin and Ethereum being the biggest beneficiaries in the event of a Fed rate cut.

Tom Lee predicts that Bitcoin and Ethereum “could see a sharp rally in the next three months,” as well as small-cap stocks and financials.

In a separate tweet, Lee shared an Ethereum price prediction that indicated that the price might consolidate in the near term, with ETH reaching $5,500 by mid-October.

Wall Street giant Citigroup predicts a Base case Ethereum price of $4,300 by year’s end, which would be a drop from current prices. Citigroup puts its bullish case target for the Ethereum price at $6,400 and the bear case at $2,200.

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September 17, 2025 0 comments

GameFi Guides

XRP Hourly Volume Soars 203% on Kraken, What’s Happening?

by admin September 14, 2025

According to CoinGlass data, XRP suddenly saw a 203% hourly volume spike on the United States-based major cryptocurrency exchange Kraken as traders flocked in to profit from the recent market volatility.

The surge comes as spot U.S. traders continue to show interest in XRP, the third largest cryptocurrency by market capitalization amid ETF optimism. REX-Osprey ETFs have passed the SEC’s 75-day review and are expected to launch soon, with products including an XRP ETF.

In the last 24 hours, XRP has attracted $73,588,344 in trading volume on Kraken, ranking among the top traded assets on the crypto exchange.

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XRP has recorded $6.67 billion in trading volume in the last 24 hours, marking a 31% increase, according to CoinMarketCap data.

The crypto market has seen upside action in the last 24 hours with the majority of digital assets posting significant gains, including XRP.

XRP price action

XRP continued its rally in the early Saturday trading session, up 3% in the last 24 hours to $3.14. The cryptocurrency is on course to mark its fourth day of rise since Sept. 9, having broadly risen since the Sept. 1 low of $2.69.

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The rise has surpassed the daily SMA 50 at $3.01, which has capped XRP’s price since Aug. 19. With this crucial barrier removed and a high of $3.18 reached on Saturday, the next barrier remains at $3.38 and $3.66.

If a decisive breach above these key levels is achieved, XRP might aim at $4. So far, XRP is up 15% in September, a month historically deemed bearish for cryptocurrencies. In the event of a drop, XRP would seek to flip the daily SMA 50 barrier at $3 into support.

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September 14, 2025 0 comments

NFT Gaming

Bonk price bounces from volume support as bullish chart signals breakout

by admin September 12, 2025

Bonk price has reacted strongly from a high-timeframe support confluence, sparking a bullish rally. With rising volume, a strong market structure, and higher lows forming, the token is now positioned to test higher resistance levels.

Summary

Bounce from 0.618 Fibonacci and POC support
Consecutive higher lows confirm bullish structure
Rising volume supports continuation toward higher resistance

Bonk (BONK) has shown impressive resilience after finding strong support at a key technical region. This area, anchored by the 0.618 Fibonacci retracement and the point of control, has provided the foundation for a decisive bullish reaction.

The rebound has fueled an impulsive rally that pushed the price above the POC, with momentum now carrying toward the Value Area High and ultimately the swing high that aligns with higher-timeframe resistance. Adding to this momentum, Nasdaq-listed Safety Shot has launched a subsidiary called BONK Holdings, dedicated to acquiring Bonk tokens as part of its broader digital asset accumulation strategy.

Bonk price key technical points

Support Rebound: Price bounced from 0.618 Fibonacci and point of control.
Market Structure: Consecutive higher lows signal bullish continuation.
Upside Targets: Value area high and swing high at higher-timeframe resistance.

BONKUSDT (1D) Chart, Source: TradingView

The reaction at this critical support zone is notable because it confirms demand where confluences align. Market structure has remained firmly bullish, as the rally not only reclaimed the POC but also established a sequence of higher lows. This structural strength signals that buyers are in control, pushing the trend toward continuation.

Volume dynamics further reinforce the bullish case. Influxes of buying activity have accompanied each leg higher, with healthy demand suggesting accumulation is underway. For this rally to mature into a full breakout, consistency in volume will be crucial.

Past attempts at breaching higher-timeframe resistance were rejected due to fading demand, so maintaining bullish inflows will determine whether Bonk can push beyond the current ceiling. Adding to the momentum, BONK.fun has introduced the USD1 stablecoin, a move that underscores USD1’s rapid growth and expanding footprint across major trading platforms.

Technically, the next major challenge lies at the swing high, which is reinforced by a higher-timeframe resistance zone. A decisive close above this level, supported by continued buying volume, would confirm a stronger breakout and open the door to further expansion. On the other hand, a failure to sustain momentum here could lead to consolidation or even a pullback before another attempt is made.

What to expect in the coming price action

Bonk’s market structure remains decisively bullish, with strong confluence at support and healthy volume driving the move. If buyers sustain momentum, the token could reclaim higher resistance zones and transition into a broader breakout.

However, without consistent demand, the rally risks stalling, leaving the price vulnerable to short-term consolidation before its next major move.

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September 12, 2025 0 comments