Algorand price to exit a 3-year consolidation: is a 400% surge coming?

Algorand price suffers sharp reversal as crypto sentiment weakens Algorand (ALGO), a pioneering layer-1 blockchain network, has dropped to $0.3, down by 53% from its highest level in December. The ongoing decline is largely attributed to worsening market sentiment in… Source link

Bitcoin to remain in consolidation as fiat-to-stablecoin conversions stay muted, analysts warn

Stablecoin minting data shows a slowdown in fiat-to-crypto on-ramps, with the Federal Reserve’s hawkish shift likely impacting market activity, Matrixport warns. Bitcoin (BTC) is likely to stay in consolidation as long as fiat-to-stablecoin conversions remain muted, according to Singapore-based digital asset firm Matrixport. In a Jan. 14 research note, Matrixport noted that the latest 7-day […]

$534 wiped in crypto liquidations despite market consolidation

Cryptocurrency liquidations recorded a massive outbreak while the market consolidated with mixed signals. According to data provided by Coinglass, the total crypto liquidations increased by 43% in the past 24 hours to $534 million. Over $352 million in long positions and $181 million in shorts have been wiped off the market.  Source: Coinglass The total […]