XRP collapsed as much as 42% in Friday’s trade, its sharpest one-day drop in recent years, as whales liquidated across major venues and futures open interest fell $150 million. The selloff drove price as low as $1.64 before a partial recovery to $2.36, with volumes surging 164% above the 30-day average — a sign of […]
The governance token of the prominent decentralized lending protocol Aave AAVE$272.83 has faced substantial selling pressure through the past 24 hours, dipping briefly below the $270 level. The DeFi bluechip plunged 5% in the early Thursday session, sliding nearly 10% lower since this week’s high. It has modestly recovered later in the day U.S. hours, […]
AI-focused NEAR token slumped by 5% on Friday despite the launch of Bitwise’s NEAR exchange-traded product (ETP). The sell-off comes during a muted day for cryptocurrencies with bitcoin also falling back from its test of a new record high. The launch of Bitwise’s NEAR Staking ETP marks a significant milestone for institutional adoption of the […]
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Hopes for the crypto recovery to continue vanished on Friday, as a market-wide rout erased virtually all gains from earlier this week. Bitcoin (BTC), hovering just below $88,000 a day ago, tumbled to $83,800 recently and is down 3.8% over the past 24 hours. The broad-market benchmark CoinDesk 20 Index declined 5.7%, with native cryptos […]