Lido (LDO) broke another bullish support, as sellers extended the price dip to $3.
Lido (LDO) extended its bearish retracement by breaking the key support level of $3.2. The initial dip from $4 was briefly halted by bulls with a bullish candle at the previous support level but the intense selling pressure resulted in a 12% dip over the past 24 hours.
This follows a general reversal in the crypto market with Bitcoin (BTC) dropping to the $41k price zone and the global marketcap of cryptocurrencies decreasing by 3.27% over the past day.
Bitcoin's dip below a key support hinted at a return of selling pressure for BTC's spot market.
Despite its long term potential, TIA's price action has been bearish for most of 2024. Is it safe to maintain the altcoin in your portfolio?
The approval of Ethereum ETFs had little effect on ETH's price action. How will it play out over a longer timeframe?
BNB's bullish price action at the key support level of $594 saw the altcoin maintain its uptrend with the possibility of reaching a new all-time high.
As Bitcoin retraces price levels and timing patterns seen in past halving cycles, striking similarities to 2016 emerge. But while the clock still seems to rhyme, the magnitude of returns – and the market’s behavior – tells a very different story.
The crypto market appears to be in a holding pattern as traders await clearer catalysts, with institutional flows and broader risk appetite key factors for near-term direction.
Custody firm's stock climbs 36% intraday before settling 2.7% up at $18.49.
Trump’s Davos pivot reignited Bitcoin’s rally and risk appetite, but beneath the bounce, historical halving patterns, shrinking returns, and rising institutional dominance suggest a very different crypto cycle from 2016.
