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BNB Drops Below $950 as Market Sell-Off Deepens

BNB experienced a significant drop of 7.8%, falling to $940 and breaking through crucial support levels as a wave of selling pressure compounded during a broader cryptocurrency market downturn. The sell-off was marked by a 72% increase in trading volume, indicating that larger holders were offloading their positions. Analysts are closely monitoring BNB's ability to stay above $940, with technical resistance observed at $1,000 and $980. This decline follows an inability for BNB to overcome resistance at $1,020, catalyzing further sales. In contrast, privacy coins like DASH and Zcash saw notable surges, with DASH increasing by 56%, as traders shifted towards more decentralized assets. The broader crypto market saw total liquidations amounting to $1.4 billion, mainly in long positions, exacerbating the pressure on various tokens, including Bitcoin, which dipped below $104,000.

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Record $1.26B Outflow Hits BlackRock Bitcoin ETF as Bearish Options Cost Soars

BlackRock's Bitcoin ETF, IBIT, has encountered a monumental net outflow of $1.26 billion in November, marking the most significant withdrawal since its inception in January 2024. This outflow comes amidst a price decline of 16%, bringing the share price down to $52, a level not seen since

Mastercard Picks Polygon to Bring Verified Usernames to Self-Custody Wallets

Mastercard has announced its collaboration with Polygon to introduce a system allowing users to send cryptocurrencies using verified usernames instead of lengthy wallet addresses. This new feature, referred to as the Mastercard Crypto Credential, aims to enhance security and user-friendliness in crypto transactions. By utilizing the services of Mercuryo, a

Bitcoin Dominance is Bleeding With Price, But Market Observers Say Altcoin Season is on Hold

Bitcoin's recent decline in price and dominance rate indicates a broader market deleveraging rather than a straightforward rotation into altcoins. While Bitcoin has dropped nearly 16% this month, its dominance has slipped from 61.4% to 58.9%. Despite speculation about an upcoming 'altcoin season', many

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