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Russia Makes a Shocking Decision Regarding Telegram Founder Pavel Durov! The Price of This Altcoin Has Fallen!

Russia has accused Telegram founder and CEO Pavel Durov of abetting terrorism, according to a Reuters report citing Interfax. The Russian Federal Security Service (FSB) formally charged Durov and issued an international arrest warrant, alleging Telegram failed to remove content used by Ukrainian special services and terrorist organizations to coordinate sabotage, terrorism, and cyber fraud in Russia. Durov and Telegram have not commented. This development occurs alongside Durov's ongoing trial in France, where he faced arrest in August 2024 on twelve charges, mainly concerning inadequate content moderation linked to issues like child sexual abuse and drug trafficking. He was later released. Meanwhile, The Open Network (TON), Telegram's affiliated blockchain, recently rebranded its token from Toncoin to Gram ($GRAM). Following the news of the Russian charges, the price of $GRAM fell by approximately 2%, trading around $1.40 at the time of reporting.

cryptonews.ruAyer 11:51

Russia Makes a Shocking Decision Regarding Telegram Founder Pavel Durov! The Price of This Altcoin Has Fallen!

cryptonews.ruAyer 11:51

$134 Million in Bitcoin Long Positions 'Evaporated' as BTC Price Dropped Below $63K Ahead of Critical Fed Meeting

Bitcoin's price tumbled below $63,000 on Tuesday, leading to a sharp spike in leveraged long position liquidations totaling $134 million and bringing total BTC-related liquidations over $156 million. The drop, which saw BTC briefly hit a daily low near $62,684, extended its monthly losses to 4%. Market experts are pointing to a pivotal week ahead, highlighted by the upcoming Federal Open Market Committee (FOMC) meeting, core PCE inflation data, and major earnings reports from companies like Apple and Amazon. According to analysts, the tone from Fed Chair Kevin Warsh's press conference will be crucial. A dovish Fed stance coupled with strong AI capex forecasts and positive PCE data could propel Bitcoin toward $68,000-$70,000 in August. Conversely, hawkish signals alongside disappointing corporate earnings could quickly bring the $58,000-$60,000 range back into view.

cryptonews.ruAyer 21:01

$134 Million in Bitcoin Long Positions 'Evaporated' as BTC Price Dropped Below $63K Ahead of Critical Fed Meeting

cryptonews.ruAyer 21:01

Bitcoin Price Drops Below $64,000 Again, with $100 Million Liquidated in an Hour

The price of Bitcoin has once again fallen below the $64,000 mark, with approximately $100 million in positions liquidated within just one hour. This level has been a battleground for traders in late July, following similar liquidations earlier in the week. The sell-off coincided with a sharp 8% drop in South Korea's KOSPI index, triggered by a slump in semiconductor stocks, highlighting the continued correlation between crypto and tech stocks as high-beta assets. Traders are now focused on the upcoming Federal Reserve policy decision, with rates expected to remain unchanged. Other potential catalysts include a U.S. digital asset market transparency bill vote and two anticipated Bitcoin forks in August. Despite recent pressure, options and leverage data show concentrated bets on a recovery toward the $65,000-$70,000 range. However, weak inflows into spot Bitcoin ETFs and a major firm's decision to hold cash instead of buying more Bitcoin are cited as near-term headwinds testing the current support level.

cryptonews.ruHace 2 días 07:56

Bitcoin Price Drops Below $64,000 Again, with $100 Million Liquidated in an Hour

cryptonews.ruHace 2 días 07:56

STORJ Token Drops Over 16% Amid Company Restructuring News

The STORJ token fell over 16% following news that decentralized cloud storage provider Storj Labs has filed for Chapter 11 bankruptcy restructuring in the US. Storj, founded in 2014, offers cloud storage via a network of user-operated nodes. Despite stating its core business remains strong and at optimal scale, the company initiated restructuring to address past issues and reduce liabilities. The CEO stated the move aims to settle obligations orderly and return to decentralized roots, with token holders slated to receive equity in the restructured entity. STORJ, originally launched in 2014 and migrated to Ethereum in 2017, dropped to around $0.06, far below its 2021 all-time high above $2.80. This follows a trend of consolidation in the crypto industry, with other platforms like BitMEX and BitMart also shutting down recently.

cryptonews.ru07/27 09:18

STORJ Token Drops Over 16% Amid Company Restructuring News

cryptonews.ru07/27 09:18

BUILDon loses 15% as Futures activity cools down — Another decline incoming?

BUILDon's price fell 15% to around $0.2068 as trading volume dropped 35% and market capitalization declined to $206.87 million. Despite the sell-off, buyers defended the key $0.20 support level. Futures market activity cooled significantly, with Open Interest dropping 17.75% to $35.94 million, indicating traders reduced leveraged positions rather than opening new speculative bets. The OI-Weighted Funding Rate remained positive but declined, showing weakening bullish conviction. The RSI held above neutral at 53.39, suggesting buyers retain a slight edge. For a rebound, participation needs to improve. If $0.20 support holds, price could retest $0.2534 resistance; a break below may target $0.10.

ambcrypto07/24 08:22

BUILDon loses 15% as Futures activity cools down — Another decline incoming?

ambcrypto07/24 08:22

Analyzing Dogecoin’s hit to 2023 lows – Can DOGE reclaim $0.07?

Dogecoin (DOGE) fell to $0.068, hitting lows last seen in November 2023, after breaching the $0.07 support level amid a broader crypto market pullback. The decline triggered significant liquidations, with $8.2 million in long positions wiped out, indicating disproportionate pressure on bullish traders. Market data showed selling activity overwhelmingly outpaced buying in the perpetual and futures markets, with capital outflows intensifying downward momentum. The RSI dropped to 31.34, nearing oversold territory. However, negative spot netflows suggested some coins were being withdrawn from exchanges, potentially reducing immediate sell pressure. The coin's near-term direction hinges on whether it can reclaim $0.07 or if continued weakness pushes it toward $0.065.

ambcrypto07/24 07:47

Analyzing Dogecoin’s hit to 2023 lows – Can DOGE reclaim $0.07?

ambcrypto07/24 07:47

Bears tighten grip on AVAX as open interest rises alongside falling prices

Avalanche's AVAX token price dropped 4.91% in 24 hours, marking one of the largest declines among top cryptocurrencies. This decline occurred alongside a rise in Open Interest, a noticeable drop in spot Cumulative Volume Delta (CVD), and funding rates turning negative, indicating strong bearish sentiment and heightened short-selling activity. The price fell below the crucial $6.50 local support zone, threatening to accelerate the downtrend toward $6.00 or lower. Despite a recent surge in on-chain transactions, AVAX has struggled to break the $7.08 resistance, solidifying a bearish market structure. With Bitcoin also trading below key support levels, overall market pressure is contributing to AVAX's weakness. A cluster of potential short liquidations in the $6.70-$6.85 zone presents a risk for a brief price rebound or short squeeze. Traders are advised to maintain a bearish outlook while remaining cautious of this potential volatility.

ambcrypto07/24 07:24

Bears tighten grip on AVAX as open interest rises alongside falling prices

ambcrypto07/24 07:24

DeXe slips 13% – But here’s why the pullback may be temporary

DeXe (DEXE) has recently pulled back by approximately 13% after a significant rally, gaining over 1,000% in the past six months. This dip is largely attributed to profit-taking by buyers. Analysis of the price chart indicates the sell-off may be temporary. Key demand zones are seen as potential support levels, with the first zone being the most likely to hold. Technical indicators support this view: the Accumulation/Distribution line shows slight upward divergence despite falling prices, and the RSI remains in a neutral-bullish range near 52. Furthermore, spot market data reveals a sharp decline in net selling pressure, dropping more than tenfold from its recent peak. The evidence suggests the current weakness is a slowdown within a longer-term bullish trend rather than a decisive reversal.

ambcrypto07/14 16:02

DeXe slips 13% – But here’s why the pullback may be temporary

ambcrypto07/14 16:02

Pi Network sinks 12% as capital flush deepens – Is a new all-time low in play?

Pi Network's PI token fell nearly 12% over the weekend as a wider crypto market sell-off intensified. Trading volume surged 129% to $17.7 million, highlighting strong selling pressure. Technical analysis shows PI trading within a descending channel, with a risk of breaking below current support to set a new all-time low. Bearish momentum is confirmed by key indicators: the Accumulation/Distribution line is deep in negative territory, the Money Flow Index sits near the capital outflow zone, and the Funding Rate is negative, showing concentrated short positioning. The overall outlook remains downward unless PI can reclaim and hold above its crucial support level.

ambcrypto07/13 18:02

Pi Network sinks 12% as capital flush deepens – Is a new all-time low in play?

ambcrypto07/13 18:02

Shiba Inu drops 5% despite biggest token burn in 6 months – Here’s why!

Despite the Shiba Inu community executing its largest single-day token burn in six months, removing over 110 million SHIB from circulation, the token's price dropped approximately 5%. The article explains that while token burns reduce supply to create scarcity, the recent burn activity represents only a tiny fraction of SHIB's massive circulating supply of roughly 585.6 trillion tokens. Therefore, it fails to materially tighten supply. More significantly, weak overall demand in the memecoin sector is the primary driver. Capital has been flowing out of memecoins, with their share of the total altcoin market cap declining sharply. Consequently, SHIB's price remains more sensitive to broader memecoin market weakness and capital outflows than to its own deflationary token burn efforts.

ambcrypto07/09 05:02

Shiba Inu drops 5% despite biggest token burn in 6 months – Here’s why!

ambcrypto07/09 05:02

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