The scale of the positioning is easier to see measured in tokens. About 2.77 billion XRP now sits in futures positions, up from closer to 2 billion earlier this summer and nearing the levels last seen when the token was worth several times more. The ledger is getting busier too. Nearly 50,000 addresses were active […]
Filecoin FIL$1.6079 advanced 6% in 24 hours, outpacing gains in the wider crypto market. The broader market gauge, the CoinDesk 20 (CD20) index, added 4.6%. The storage token carved out a $0.19 range, hitting a high of $1.68 before settling into a tighter $1.56-$1.60 band, according to CoinDesk Research’s technical analysis model. The model showed […]
Gold surged to record, bringing cheer to digital tokens backed by the metal traditionally seen as a haven investment. XAUT$4,417.98, the largest gold-backed token by market value, rose to an all-time high of $4,425 while PAXG (PAXG) and kineses gold (KAU) also rose, lifting the total market value of gold-backed tokens to $4.38 billion. “The […]
Stellar’s XLM surged 3.62% to $0.3004 on Tuesday, breaking above key resistance as trading volume spiked nearly 19% above its 30-day average. The move outperformed the broader crypto market by 4.86%, pushing XLM closer to the 5% relative strength threshold that often marks the start of major breakout trends. Trading activity intensified during European hours, […]
Bitcoin’s (BTC) price recovery has gathered traction in the lead up to Friday’s U.S. jobs report. The leading cryptocurrency by market value rose to $113,000, its highest level since Aug. 28, and recorded its first higher high since the mid August all time peak of $124,000, according to CoinDesk data. In technical terms, a higher […]