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Toncoin (TON) Price Drops to Key $2.07 Support Level as Selling Pressure Builds

Toncoin fell 2% to $2.07, continuing a week-long downtrend characterized by lower highs and consistent selling pressure. The token briefly spiked to $2.16 before reversing, indicating a strong resistance at that level, with significant trading volume of 3.61 million tokens exchanged during the spike. After holding above $2.1 for several sessions, TON slipped below that level, reaching a low of $2.067, which was marked by increased trading activity. Traders are now focusing on the $2.05 support level; if this breaks with volume, the downtrend may persist. Recovery attempts would require reclaiming and holding above $2.1, with $2.16 remaining a crucial resistance point. Momentum indicators currently suggest weakness, although the overall decline in TON's price has been less severe compared to larger altcoins.

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Bitcoin Miner CleanSpark Extends Stock Slump After Upsizing Notes Offering to $1.15 Billion

Bitcoin mining company CleanSpark has increased its convertible notes offering from $1 billion to $1.15 billion, aiming to raise over $1 billion for various corporate purposes. The company plans to allocate approximately $460 million to repurchase its own shares from note investors at a price of $15.03 per

Bitcoin Miner CleanSpark Extends Stock Slump After Upsizing Notes Offering to $1.15 Billion

Bitcoin miner CleanSpark announced an upsized convertible notes offering of $1.15 billion, an increase from the initial $1 billion. The company plans to use approximately $460 million from the offering to buy back its own stock at a price of $15.03 per share from note investors. Following these

Bitcoin Miner CleanSpark Extends Stock Slump After Upsizing Notes Offering to $1.15 Billion

CleanSpark, a Bitcoin mining company, has increased its convertible notes offering from $1 billion to $1.15 billion, leading to a continued decline in its stock price. After initially announcing the offering, which includes a potential additional $150 million in shares, CleanSpark's stock, CLSK, fell nearly 8%, extending

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