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Bitcoin Taker Volume Explodes On Binance After US PPI Report – What This Means

by admin September 12, 2025

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Just as the crypto market turns bullish again, Bitcoin’s price appears to have sprung back to life as the largest digital asset reclaims above the $115,000 threshold. Even with news of US PPI reports, BTC maintained above this level, and trading activity on the Binance platform experienced a notable surge.

PPI Report Sends Bitcoin Taker Volume Skyrocketing

Over the past few days, Bitcoin Taker Buy Volume on Binance, the world’s largest cryptocurrency exchange, was a bit down, as BTC’s price struggles with bearish pressure. However, recent macroeconomic news and conditions have greatly ignited the key metric to levels not seen in quite a while.

Darkfost, a market expert and author, has reported a massive surge in Bitcoin taker buy volume on Binance, signaling heightened trading activity and renewed market momentum. Such a sharp uptick highlights a shifting mood as traders position themselves around important price levels and demonstrates vigorous engagement from both buyers and sellers.

It is worth noting that the BTC taker buy volume on Binance saw this dramatic increase following the release of the United States Producer Price Index (PPI) data on Wednesday. After the PPI data was published, the crucial metric that measures investors’ trading recorded a staggering $500 million in taker volume.

BTC trading on Binance heats up | Source: Chart from Darkfost on X

What’s interesting about this $500 million surge in taker volume is that the massive figure was achieved in just 1 minute. Darkfost highlighted that the surge reflects a sudden and significant change in trading sentiment, demonstrating how susceptible cryptocurrency is to macroeconomic triggers.

Given that liquidity frequently flows straight into Binance’s derivatives market, this further emphasizes the close connection between cryptocurrency and macroeconomics. In the end, this correlation shapes price action in the short term and captures the immediate response of global investors.

US PPI Data Surpasses The Expectations Of Analysts

In the X post, Darkfost noted that the recently released report carries the first data providing insights into the evolution of US inflation following the recent revisions to the NFP. This event unexpectedly eliminated 910,000 job creations, which was more than expected, raising further questions about the strength of the labor market.

According to the market expert, the PPI results were far better than anticipated, with a CORE PPI YoY of 2.8% and a MoM reading of -0.1%. While clearly beating forecasts from analysts, this data further reinforces the idea that inflationary pressures might be beginning to subside. As a result, the markets immediately reacted on the upside, with Bitcoin in particular.

At the time of writing, Bitcoin continues to demonstrate bullish action, with its price now trading at $115,374. While the crypto asset’s price has increased by nearly 3% in the last 24 hours, its trading volume is slowly turning bearish, declining by more than 6% within the same time frame.

BTC trading at $115,228 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Pixabay, chart from Tradingview.com

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September 12, 2025 0 comments

NFT Gaming

PENDLE price breaks above $5 as volume spikes 35%

by admin September 12, 2025

Pendle price jumped more than 5% to break above the $5 level amid a notable surge in daily volume, and marched to a new all-time high in total value locked.

Summary

Pendle price increased more than 5% to $5.10, with daily volume rising 35% to $110 million.
Gains in the past 24 hours have helped push total value locked to a new high above $12.1 billion.

With top cryptocurrencies taking a cue from broader risk asset markets on Thursday amid fresh U.S. inflation data, Pendle surged to an intraday high of $5.10. The altcoin’s price rose 5.8% in 24 hours as of this writing and trended as one of the top performers in the crypto market.

As buyers accumulated the native token of the crypto yield trading platform, the price jumped from lows of $4.76 to above $5.10, extending the bounce that stemmed the downtrend from the Aug. 24 high of $6.29.

PENDLE chart. Source: crypto.news

Pendle (PENDLE) hovering between $4.73 and $5.12 means buyers have the opportunity to establish this as a robust demand zone. Bulls may eye the all-time high of $7.50 reached in April 2024, a move possibly supported as intraday trading volume spikes.

On Sept. 11, buying pressure saw the 24-hour trading volume rise more than 35% to $110 million.

Pendle TVL hits new peak

Amid the price fluctuation, Pendle’s traction in the decentralized finance ecosystem continued as total value locked in DeFi hit a new all-time high above $12.1 billion. Pendle TVL stood at $4.81 billion on July 1, 2025, suggesting a near-double jump in the past two months, with the price rebounding from around $3.24.

The broader market’s outlook, dictated by a confluence of macroeconomic factors and fundamental highlights, has helped PENDLE.

While macro factors such as tariffs and interest rate expectations have provided a backdrop to price fluctuations for risk assets, other factors such as institutional demand, stablecoin adoption, and crypto regulatory developments have been key to altcoins’ resilience.

Price spikes amid high-volume trading signal rising interest, and data from Coinglass show open interest in Pendle has jumped to $143 million.

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September 12, 2025 0 comments

Crypto Trends

Filecoin (FIL) Demonstrates Steady Bullish Momentum with Strong Volume Support

by admin September 8, 2025

Filecoin FIL$2.2317 showed strong upward momentum throughout the last 24 hours, climbing from $2.38 to $2.44, according to CoinDesk Research’s technical analysis model.

The model showed that the digital asset carved out strong support foundations within the $2.38-$2.39 corridor, backed by substantial volume validation that became particularly pronounced during the 6:00 AM ET trading hour when transaction volume exploded to 7 million units, dramatically exceeding the session’s 2.35 million average while perfectly aligning with a powerful rebound from the $2.398 level.

Technical resistance materialized near the $2.46 threshold, where price discovery encountered meaningful rejection during the identical high-volume window, establishing a definitive technical barrier for the trading session, according to the model.

Filecoin is hosting a discussion on Spaces tomorrow about the future of AI, according to an earlier post on X.

In recent trading FIL was 2.8% higher over 24 hours, trading around $2.44.

The wider crypto market was also higher, with the broad market gauge, the CoinDesk 20, up 2.7%.

Technical Analysid

FIL progressed decisively from $2.38 to $2.44 during the last 24-hours
Strong support established around the $2.38-$2.39 zone with high-volume confirmation, particularly evident during the 6:00 hour when volume surged to 7 million units.
Volume significantly exceeded the 24-hour average of 2.35 million units, coinciding with a decisive bounce from $2.40.
Resistance emerged near $2.46, where price action showed rejection during the high-volume period, creating a clear technical ceiling for the session.
Sustained upward momentum supported by consistent volume above average levels during key advances suggests institutional accumulation.

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 8, 2025 0 comments

Ether price chart on a smartphone screen (Cedrik Wesche/Unsplash)

Crypto Trends

Flashes Bullish Signal as RSI Holds Neutral and Volume Surges

by admin September 7, 2025

Dogecoin staged sharp price swings during the September 5–6 trading window, rising nearly 1% as volume jumped 29% above weekly averages. A midday selloff to $0.213 was quickly absorbed by buyers, underscoring institutional support and ETF-driven speculation. Traders now view $0.22 as the key breakout threshold that could define near-term momentum.

News Background

• Dogecoin reached a local high of $0.2157, its strongest level in weeks, with trading volume 29.19% above weekly benchmarks.
• Reports surfaced of a $200 million Dogecoin treasury initiative, led by Elon Musk’s legal counsel, boosting institutional credibility.
• REX Shares and Osprey Funds reportedly filed the first U.S. Dogecoin ETF applications, with decisions expected in October.
• Futures activity surged 119% in August, reflecting heightened institutional positioning around meme-based digital assets.

Price Action Summary

• DOGE traded in a $0.008 range (3.6%) between $0.213 and $0.221.
• The steepest move hit at 14:00, when price fell from $0.220 to $0.213 on 1.31B volume, establishing robust support.
• Recovery lifted DOGE back toward $0.216 by session close, with buyers consistently defending the $0.213–$0.214 zone.
• The one-hour window from 05:13–06:12 saw a resistance break above $0.2157 on 3.06M volume, hinting at renewed bullish pressure.

Technical Analysis

• Support: Strong base at $0.213–$0.214, validated by 1.3B volume during the selloff.
• Resistance: Clear ceiling at $0.220–$0.221, with multiple rejections.
• Momentum: Breakout attempt at $0.2157 suggests bullish continuation if $0.22 clears.
• Patterns: Accumulation signs within a tight consolidation band; descending triangle on DOGE/BTC pairs broke upward (flagged by CryptoKaleo).
• Indicators: RSI steady near mid-50s (neutral-bullish); MACD histogram converging toward potential bullish crossover.

What Traders Are Watching

• Whether DOGE can sustain closes above $0.22 to trigger an extended rally.
• Institutional flows tied to the $200M treasury initiative and potential ETF approval.
• Breakout targets projected between $0.30–$0.35 if resistance clears; downside risk remains toward $0.21 support.

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September 7, 2025 0 comments

NFT Gaming

Bitcoin Cash Shines Amid Altcoin Bloodbath, Volume Jumps 32%

by admin September 6, 2025

Amid the downward trend that hit altcoins in the last 24 hours, Bitcoin Cash (BCH) has defied the odds. The asset has seen a spike in volume and an appreciable increase in price outlook. CoinMarketCap data shows that BCH registered an over 32% increase within this time frame.

Institutional and retail demand for BCH drive momentum

Notably, the spike came as institutional interest in Bitcoin Cash pushed the asset’s open interest up by over 23%. There was also an increase in retail interest following the bullish performance of BCH in July. Notably, the coin outperformed Bitcoin, the leading digital asset, by 20% in July.

Can Bitcoin Cash hold $600 level?

The current bullish momentum of Bitcoin Cash was ignited within the week as it formed a golden cross on its hourly chart. At the time, BCH was trading at $560, but the asset has since gained over $40 to flip the $600 price level.

Filecoin (FIL) Rebounds Amid Pronounced Trading Volatility, Volume Surges

by admin September 6, 2025

Filecoin FIL$2.3172 spiked 3% followed by a 2% decline as volatile trading configurations emerged amid evolving market dynamics, according to CoinDesk Research’s technical analysis model.

In recent trading FIL was 3.4% higher over 24 hours, trading around $2.32.

The model showed that the overall trading range was $0.15, or 6%, between the low of $2.23 and the high of $2.38.

Critical resistance materialized at $2.38 with high-volume rejection during peak trading activity, according to the model.

The wider crypto market was little changed, with the broad market gauge, the Coindesk 20, up 0.2%.

Technical Analysis:

FIL progressed from $2.25 to $2.32 representing a 3% gain during the preceding 24-hour period
Overall trading range encompassing $0.15 (6%) between the absolute nadir of $2.23 and zenith of $2.38.
Two distinctive rally phases were identified: a preliminary ascent to $2.28 followed by another climb on Sept. 5.
Price trajectory peaked at $2.38 on exceptionally elevated volume of 7.23 million, substantially exceeding the 24-hour average of 2.47 million.
Critical resistance materialized at $2.38 with high-volume rejection during peak trading activity.
Support levels consolidated around $2.23-$2.24 during initial trading hours.
Subsequent decline from $2.36 to $2.32 representing a 2% contraction during the final 60 minutes.
Exceptional volume spikes reaching 425,701 indicating institutional selling pressure.
Substantial institutional selling volume peaked at nearly double the session average during the concluding hour.

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September 6, 2025 0 comments

GameFi Guides

Fireblocks Launches Stablecoin Network Amid $200B Monthly Volume Surge

by admin September 5, 2025

Crypto custody firm Fireblocks has rolled out its own stablecoin payments network, targeting the inefficiencies of today’s scattered infrastructure. The platform connects issuers, banks, fintechs, and liquidity providers, and already handles over $200 billion in transactions monthly, according to the company.

The move positions Fireblocks at the center of one of 2025’s fastest-growing segments: enterprise-grade stablecoin settlements.

A SWIFT-Style Push for Stablecoins

Described by Fireblocks as a “stablecoin SWIFT”, the new infrastructure is designed to eliminate fragmentation across current stablecoin systems. Instead of routing transactions through disconnected on/off-ramps and opaque platforms, Fireblocks’ network offers a unified payments layer for digital dollars.

The company said more than 40 participants have already onboarded, including Circle—issuer of USDC and Bridge, a stablecoin platform acquired by Stripe in 2024. Combined, these partners already process over $200 billion in monthly stablecoin payments.

“The existing rails are too scattered to support institutional scale,” Fireblocks said in Thursday’s announcement. “This network is built to fix that.”

Stablecoins Surge Past $280 Billion

The timing aligns with explosive growth across the stablecoin sector. According to data cited by Grayscale, total monthly stablecoin settlement volume hit $800 billion in June. Meanwhile, the market cap of stablecoins jumped from $200 billion in January to $280 billion in August, reflecting institutional demand for fast, dollar-pegged settlements.

Competing players such as Circle and Stripe are also building side infrastructure. Circle rolled out its own stablecoin payments network in April, while Stripe has leaned heavily into Bridge, acquired to support stablecoin and tokenized asset flows. Both companies are also building their own proprietary blockchains.

Broader Impact

Fireblocks’ move puts it in direct competition with some of the biggest names in stablecoin infrastructure. As transaction volumes climb and compliance frameworks tighten, whoever controls the payments backbone stands to define how digital dollars scale globally.

If the SWIFT comparison holds, Fireblocks may be setting the foundation for a cross-border, bank-grade standard in stablecoin settlement—and claiming a first-mover edge in the next phase of crypto-native finance.

Also Read: Mega Matrix Files $2B Shelf to Buy Governance Tokens

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September 5, 2025 0 comments

NFT Gaming

NFT Trading Volume And Sales Climb Again

by admin September 5, 2025

The non-fungible token (NFT) market has just closed its two strongest months since February as adoption and renewed interest have driven trading volumes to its highest levels this year.

NFT trading volumes were up 9%, but sales counts dipped 4%, showing that while “fewer assets traded hands, collectors are paying more per sale,” according to a report published by blockchain analytics platform DappRadar on Thursday.

CoinGecko shows that trading volumes for NFTs spiked in the last 24 hours, rising more than 25% to reach a high of $7.9 million.

Resurgence driven by adoption

A key driver of the uptick in the NFT market comes from adoption, according to DappRadar analyst Sara Gherghelas. She pointed to cases such as the nightclub Hï in Ibiza, an island near Spain, which opened the first permanent NFT art gallery inside a club, showcasing works from NFT artists like Beeple and Mad Dog Jones.

Another driver is the Coinbase layer-2 network Base, which climbed to become the third-largest chain by trading volume, sparked by low minting costs and airdrop speculation.

Source: DappRadar

However, Gherghelas said Ethereum “remains the powerhouse,” commanding 61% dominance in the NFT industry. In August, developers also introduced trustless agents.”

“This could allow AI systems and DApps to safely recognize and interact with one another using NFT-based IDs and reputation layers,” Gherghelas added.

In July, American rapper Snoop Dogg sold out a collection of almost 1,000 NFTs on Telegram in 30 minutes, which also sparked discussions about a possible market resurgence.

Investors, degens are trading NFTs again

NFTs saw $578 million in trading volumes and 5.5 million sales in August, up slightly from July, which saw $530 million in trading and 5.2 million sales, according to DappRadar.

January was the biggest month for 2025 so far in trading volumes, with $997 million, but only 3.1 million sales, followed by February with $498 million, and 2.7 million sales.

July and August have registered as the strongest months for the NFT market outside of January in terms of volume and sales. Source: DappRadar

Gherghelas said in the report, “This makes July and August the strongest months since February 2025 for NFTs, both in volume and in sales count.”

“The signs are clear: people are returning to the NFT space.”

CryptoSlam strategist Yehudah Petscher told Cointelegraph in May that he thought the NFT market was poised for a rebound but with a more tempered outlook than its previous highs.

The NFT market has had a turbulent few years. Cointelegraph reported in April that NFT volumes plunged 61% in the first quarter of 2025 to $1.5 billion, while last year was flagged as the market’s worst year for trading volume and sales since 2020, which was marred by volatility and rising token prices.

Related: NFT market cap drops by $1.2B as Ether rally loses steam

However, it has been showing signs of life. In August, the sector surged to a market capitalization of more than $9.3 billion, a 40% uptick from July, as Ethereum-based collections increased in price along with Ether (ETH).

Top NFT collections

The largest NFT collection by market capitalization, CryptoPunks, has registered a 24-hour volume of $1.2 million and five individual sales, according to CoinGecko.

The second largest by market capitalization, the Infinex Patrons NFT collection, which grants holders governance voting power over the Infinex protocol, has registered a 24 trading volume of $7,733, and two sales.

Rounding out the top three is Yuga Labs’ Bored Ape Yacht Club, with a volume of $208,617 and five sales.

Magazine: Astrology could make you a better crypto trader: It has been foretold

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September 5, 2025 0 comments

Crypto Trends

Lower Highs Form as Volume Expands on Declines

by admin September 4, 2025

Dogecoin defends $0.214 support while ETF speculation drives heightened trading activity.

By Shaurya Malwa, CD Analytics

Updated Sep 4, 2025, 5:08 a.m. Published Sep 4, 2025, 5:08 a.m.

More For You

XRP Symmetrical Triangle Forms Under $3.00, $3.30 Breakout Level in Focus

Token rebounds from session lows with whale accumulation offsetting institutional liquidations, but resistance levels cap momentum.

What to know:

XRP traded in a narrow range from $2.81 to $2.87 over a 24-hour period, with large wallets accumulating 340 million XRP despite significant institutional liquidations.
Total transaction volume on the XRP Ledger more than doubled on September 1, reaching 2.15 billion XRP.
Analysts are divided on XRP’s future, with some predicting a rise to $7–$13 and others warning of resistance below key trendlines.

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September 4, 2025 0 comments

NFT Gaming

Myriad Hits $10M USDC Trading Volume as Prediction Markets Become ‘New Segment of DeFi’

by admin September 2, 2025

Prediction market protocol Myriad has passed $10 million in USDC trading volume with over half a million users, as it builds on its mission to make information itself a tradable asset class.

The protocol’s rapid expansion is “building the rails for prediction markets to evolve beyond a niche crypto product and become an entirely new segment of DeFi,” Loxley Fernandes, co-founder and CEO of Myriad, said in a statement shared with Decrypt.

“Financial markets have always been about speculation, but Myriad is turning speculation into a product,” Fernandes said, adding that Myriad’s success demonstrates that “trading ideas and forecasts is not only possible, it’s the next frontier for capital markets.”

Created by Decrypt and Rug Radio’s parent company DASTAN, Myriad launched its USDC markets in March 2025. In July, Myriad expanded to Ethereum Layer-2 network Linea, marking a key stage in its evolution into a multichain prediction markets protocol designed to power a “new class of DeFi products.”

To date, Myriad users have installed its browser extension over 60,000 times and made more than 5.4 million predictions across categories including sport, politics, culture and crypto—taking in everything from Nvidia’s market cap to how many birds would fly over Texas on a given night.

Myriad continues to develop both its consumer platform and a B2B protocol for other prediction applications. Its future roadmap includes integrations with EigenLayer and EigenCloud, as well as plans for introducing blended oracles and a framework for ERC-PRED, a new asset class designed for prediction markets.

With prediction markets expected to surpass the stock market in the next decade and a half, Myriad is preparing to make prediction markets a pillar of global DeFi. Ultimately, its aim is to do for financial derivatives and predictions what Robinhood did for stocks and securities, Fernandes said—building a protocol that enables users to “tokenize your opinions with just three taps of your finger.”

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September 2, 2025 0 comments