Chainlink’s native token LINK LINK$18.43 recovered to $18.40 during the Wednesday session, reversing losses from a sharp intraday selloff that saw the price fall below the key $18 support level. A sudden volume spike of 4.59 million tokens — 178% above the 24-hour average — confirmed the breakdown as sellers overpowered short-term support levels. The […]
Stellar’s XLM token reversed sharply on Oct. 3 after briefly testing new highs. The token rose to $0.4041 in afternoon trading, but heavy selling after 14:00 UTC dragged it back to $0.4015, erasing earlier gains. Volumes spiked during the sell-off, with more than 1.4 million tokens traded in a single minute, signaling institutional selling at […]
Bitcoin’s trademark volatility may be entering a new phase thanks to the Securities and Exchange Commission (SEC). The agency’s decision to raise position limits on options for most bitcoin ETFs could help smooth price swings by encouraging strategies like covered call selling, which caps the upside in exchange for steady income, according to NYDIG Research. […]
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, […]
The price action for XRP and bitcoin (BTC) resembles a tightly compressed spring on the verge of uncoiling with a sudden release of energy. That’s the message from a key volatility indicator called Bollinger Bandwidth. Bollinger Bands are volatility bands set at plus two and minus two standard deviations above and below the 20-period moving […]
Volatility Shares, an asset manager known for launching innovative exchange-traded funds (ETFs), has filed for three new products centered on XRP. These include a spot XRP ETF, a 2x leveraged XRP ETF and an inverse -1x XRP ETF. The spot XRP ETF is designed to track the price of the cryptocurrency directly, while the 2x […]