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CATEGORY: price decline


Apr 10, 2025 02:30

Solana (SOL) Price Drops Below Key Support Will $74 or $50 Hold Next

Solanas performance on the market remains cautious as the coin is currently priced at $106.34, down 1.55%, over the last 24 hours. In the last 7 days, the coin has lost 15.20%, noting increasing bearish pressure in the midst of the overall volatility in the space.  Trading volume has also receded significantly, with a 16.72% […]

Mar 06, 2025 12:05

Litecoin Whale Deposits 500,000 LTC To Binance: Price Decline To Extend?

On-chain data shows a Litecoin whale has made a huge deposit to the cryptocurrency exchange Binance in the past day, a sign that could be bearish for LTC’s price. Binance Has Just Received A Massive Litecoin Inflow According to data from the cryptocurrency transaction tracker service Whale Alert, a large move has been spotted on the Litecoin network during the last 24 hours. The transfer in question involved the shifting of 500,000 LTC across the network. At the time that the chain executed the transaction, this stack was worth around $51.3 million. Given the large scale associated with the move, it’s likely that a whale entity was responsible for it. Related Reading: Bitcoins Next Stop: $75,500? Analyst Reveals Historical Magnet Level Whales are the largest of investors on the network, who can carry some degree of influence in the market due to their ability to make large transactions like this latest one. As such, the behavior of these humongous holders can often be worth keeping an eye on, as even if it may not always end up impacting the LTC price, it can still tell us about what the sentiment is like among this important cohort. Generally, though, it can be hard to say for certain what the whales are doing from their transaction activity alone, considering the anonymous nature of the blockchain. Nonetheless, sometimes, one of the wallets involved in the transaction can be connected to a central entity, which can provide room for speculation. The latest Litecoin move is fortunately of this type. Here are the details of the addresses involved in the transfer: As is visible above, the whale made the Litecoin transaction from a few unknown wallets. Such addresses are those that aren’t known to be affiliated with any centralized platform, so they can be assumed to be personal, self-custodial wallets of the investor. The destination of the transaction was a wallet attached to Binance, an exchange. Moves of this type, where coins go from personal addresses to the custody of an exchange, are known as exchange inflows. Related Reading: Solana (SOL) Crashes 15% After Massive Profit-Taking Spike Usually, investors deposit their tokens to these platforms when they want to use one of the services that they require, which can include selling. As such, exchange inflows can sometimes have a bearish impact on the asset’s price. It’s unknown, though, whether the whale truly intended to sell with the latest exchange inflow or not. In the scenario that the investor did plan for it, then it could spell trouble for Litecoin, considering the scale of the move and the fact that its price has already registered a considerable drawdown during the past week. LTC Price Litecoin has recently plummeted alongside the rest of the cryptocurrency sector, which has brought its price down to $104. Featured image from Dall-E, whale-alert.io, chart from TradingView.com

Mar 25, 2025 04:50

Solana Plummets 27%, Ethereum Wobbles, BlockDAG Set for Lift-Off

Witness Solanas trading slump and Ethereum's price woes as BlockDAG gears up for major exchange debuts and potential price surges.

The post Solana Plummets 27%, Ethereum Wobbles, BlockDAG Set for Lift-Off appeared first on Kanalcoin.

Bitcoin analyst warns 'huge dump' amid recovering stablecoin dominance

Author: Cointelegraph by Yashu Gola
United States
Dec 28, 2024 12:00

Bitcoin analyst warns 'huge dump' amid recovering stablecoin dominance

Bitcoins failure to break through a critical resistance level has heightened the risk of a potential decline toward $81,500.

Aug 02, 2023 10:30

Litecoin Completes Third Block Reward Halving, Cutting Rewards to 6.25 LTC; Miners Face Revenue Loss as Prices Dip 4%

The Litecoin (LTC) network has officially experienced its third block reward halving at block height 2,520,000, with LTC rewards diminishing from 12.5 LTC to 6.25 LTC. Thus far, the halving has not propelled LTC prices upwards as market data reveals LTC has declined over 4% in the past 24 hours. Halving Unshaken: Litecoin Network Sees [...]

The post Litecoin Completes Third Block Reward Halving, Cutting Rewards to 6.25 LTC; Miners Face Revenue Loss as Prices Dip 4% appeared first on Crypto Breaking News.

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