The crypto market registered a notable uptick on Monday, getting off to a strong start to the new week. Price action remained subdued last weekend as Bitcoin (BTC) and other cryptocurrencies traded sideways.
The crypto market has shown consistent growth over the past few days, helping altcoins alongside Bitcoin to recover. However, relying solely on broader market cues or momentum will not sustain price growth.
The Near Protocol token rose for five consecutive days, crossing a crucial resistance level as its active addresses and transactions increased. Near (NEAR) rose to a high of $2.30, up by 25% from its lowest point this month.
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
The Graph is in a continuous downtrend with prices not respecting any support levels.
NEAR is showing signs of a potential bottom after weeks of aggressive selling. A falling wedge formation on the daily timeframe, combined with extreme oversold conditions and RSI divergence, points toward a possible bullish reversal targeting the $4.
Bitcoin (BTC) is still up on Thursday despite Fed Chair Powell's hawkish remarks on Wednesday. This has had the effect of a small lift in the crypto market.
NEAR Protocol is hovering just above the psychological $2 support, with price showing early signs of strength after a prolonged downtrend. A reclaim of $2.80 as support could confirm that the bottom is in.
AI crypto tokens are facing renewed pressure after Nvidia warned of a massive financial hit due to new U.S. export restrictions on chip sales to China.
NEAR might be approaching a key breakout as technicals aligned with rising retail and liquidation momentum.
Prominent crypto analyst Ali Martinez has shared a bullish prediction on the NEAR market suggesting a potential 15% gain is on the horizon. Amidst a major downtrend, Martinez's latest forecast reveals the altcoin could soon see a significant market rebound.
TL;DR Cross-Chain Breakthrough: Injective's IBC Eureka bridges Bitcoin liquid staking tokens into Cosmos, creating new opportunities for seamless cross-chain interaction. Enhanced DeFi Opportunities: The upgrade enables rapid, secure transactions that empower advanced yield farming, lending, and staking options in the Cosmos ecosystem.
The crypto market lost momentum over the past 24 hours, as cryptocurrencies, including Bitcoin (BTC), registered notable declines. As a result, the crypto market cap shrunk by just over 1%, falling to $2.58 trillion.
This new development opens the door for seamless onboarding of Bitcoin Liquid Staking Tokens (BTC LSTs). For example, Lombard Finance's $LBTC, from Ethereum to Injective.
Despite a series of major initiatives in the first quarter of this year, Injective has seen its price continue to trend downward, now sitting in the deep oversold zone.
Crypto prices were mixed last week as most investors remained in the sidelines as the fear and greed index moved to the extreme fear zone of 4. Bitcoin rose by about 1% during the week, while other tokens like Cardano, XRP, and BNB were barely moved as US stocks plunged.
The crypto market registered a marginal uptick over the past 24 hours despite several altcoins crashing on April Fools' Day. Despite the altcoin crash, the crypto market cap is up 0.50% and currently sits at $2.7 trillion.
Artificial intelligence (AI)-linked cryptocurrencies climbed sharply on Tuesday after OpenAI secured a $40 billion capital injection from Japan's Softbank, Microsoft, and other investors. With this latest round, OpenAI's valuation now stands at $300 billion.
This move brings enterprise-grade infrastructure to the Injective ecosystem. It makes it easier for developers to build, launch, and scale applications.
TL;DR Google Cloud becomes an official validator for Injective to enhance the security and decentralization of the blockchain network. INJ gains access to advanced tools and educational resources through Google Cloud's Web3 portal, facilitating dApp development. Injective and Google Cloud launch a hackathon focused on AI innovation in financial applications.
Google Cloud has officially become a validator for Injective, an interoperable layer-1 blockchain, further strengthening the network's security and decentralization. The move aligns Google Cloud supporting Injective's (INJ) ecosystem, according to a company release.
Google Cloud is now a validator for the Injective network, boosting the blockchain's security, reliability, and credibility. The post Google Cloud Becomes a Validator for the Injective Network appeared first on Cryptonews.
Google Cloud's role as a validator for Injective could significantly boost blockchain security, decentralization, and developer innovation. The post Google Cloud becomes a validator for Injective blockchain appeared first on Crypto Briefing.
This update makes it easier than ever for Telegram users to dive into Injective without needing extra apps. Telegram's built-in wallet has already supported major cryptocurrencies like Bitcoin (BTC) and Toncoin (TON).
The crypto market has made a strong start to the week, with cryptocurrencies registering substantial increases. As a result, the crypto market cap has jumped almost 3% and currently sits at $2.83 trillion.
Bitcoin (BTC) bulls are trying to make a comeback by maintaining the price above the 200-day simple moving average ($84,899) over the weekend. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin needs to close above $85,000 this week to signal strength and “prevent a drop to $76,000.
The crypto market rallied after the Federal Reserve decided to keep interest rates unchanged between 4.25% and 4.50% after the Federal Open Market Committee (FOMC) meeting. The Federal Reserve also stated it sees two rate cuts coming in 2025.
This marks a game-changing moment in the world of DeFi. It offers users the ability to trade fully onchain stocks 24/7 with no middlemen.
Right now, NEAR Protocol is going through a tough time, with its token on the decline.
The crypto market remained flat for most of the day after a brief rally following better-than-expected inflation data quickly lost steam. Bitcoin (BTC) briefly rose above the $84,000 mark after the US CPI Report but fell flat later in the day, dropping below $84,000.
Bitcoin and crypto are currently seeing a relief rally on Tuesday. Is this short-term, or could this be the start of something bigger?
MoreMarkets aims to create yield opportunities from XRP, DOGE and other non-EVM tokens on different DEXs without having to leave their original network.
NEAR could be preparing for a major move on the price charts soon.
NEAR Protocol (NEAR) is a blockchain platform that focuses on scalability, usability, and ease of development for decentralized applications (dApps) and smart contracts. It aims to provide a high-performance alternative to other platforms like Ethereum, with a strong emphasis on user and developer-friendly features.
The omni-chain solution, which counts Brevan Howard and Hamilton Lane as early partners, is live on several chains.
The crypto market continued its upward trajectory, with the market cap increasing by over 4% to reclaim the $3 trillion mark. Most cryptocurrencies traded in positive territory, and Bitcoin (BTC) reclaimed the $90,000 level after an increase of nearly 6% over the past 24 hours.
Ripple (XRP) was also among the top performers, gaining 4%.
The crypto market fell back into the red as its market capitalization dropped nearly 11% to $2.75 trillion, erasing all the gains made on Sunday after President Donald Trump's crypto reserve announcement. Sunday's rally began fading on Monday, with Bitcoin (BTC) and other altcoins sliding back to pre-weekend levels.
NEAR Protocol has created history with its mind blowing hold over the world. The financial system was revolutionized when NEAR Protocol started climbing the ladder.
Near Protocol (NEAR) is approaching a key resistance level, fueling speculation about whether it can break out to new highs or face a pullback. At the time of writing, NEAR's price sits at $3.25, reflecting a 5.03% increase.
Near Protocol is testing a crucial resistance level; breakout potential hinges on market interest.
Its subsidiary, Deutsche Telekom MMS, is now a validator for the Injective blockchain. This marks another milestone in merging traditional industries with decentralized finance (DeFi).
Deutsche Telekom MMS partners with Injective blockchain as a new validator, enhancing Web3 infrastructure. Partnership aims to improve enterprise adoption of blockchain technology, fostering true decentralization.
Major blockchain companies including Coinbase and NEAR have formed the Open Agents Alliance to provide accessible, open-source AI development tools and infrastructure.
Cardano and SUI now feature in the Grayscale Smart Contract Fund following its latest rebalancing.
The Open Agents Alliance (OAA) consists of NEAR AI, the payments and AI arms of crypto exchange Coinbase and an array of other blockchain and AI projects.
Deutsche Telekom's subsidiary, MMS, has taken a bold step into the blockchain world by becoming a validator for Injective, an interoperable Layer-1 blockchain. This move strengthens Injective's network security and decentralization. It also marks another milestone in Deutsche Telekom's growing Web3 presence. This collaboration showcases a blend of traditional enterprise and cutting-edge blockchain technology.
Deutsche Telekom, a telecommunications giant valued at more than $180 billion, has strengthened its presence in the crypto and blockchain space by partnering with Injective. On Feb.