A high-flying Solana (SOL) refused to land even in the face of a brutal sell-off in the cryptocurrency market on Tuesday. Two days later, the price of SOL rebounded to another new all-time high. The SOL/USD exchange rate averted a big pullback over the previous 48 hours and reached $217 for the first time in history. The pair’s ability to sustain bearish pressure underscored investors’ growing interest in Solana’s blockchain as an emerging rival to Ethereum, a public ledger currently leading the decentralized finance (DeFi) and nonfungible token (NFT) sector boom. “The SOL outperformance in the market recently is more …

Analysts are attributing Bitcoin’s (BTC) plunge on Sept. 7 to the liquidation of over-leveraged positions. According to Bybt data, about $3.68 billion worth of long positions were liquidated in the last 24 hours in the Bitcoin options market. On-chain monitoring resource Whalemap said the decline was largely due to selling by whales who had bought their Bitcoin recently and not by the HODLers. Separately, analyst Willy Woo also said: “Leverage markets sold off but investor buying just got stronger.” Every bull market has its share of corrections where weaker hands are shaken out and the stronger hands solidify their position. …

Crypto derivatives platform Delta Exchange announced Wednesday that it has launched futures trading on Solana (SOL) and Cardano (ADA), giving investors a new access point to the leading altcoins. The initial rollout of SOL and ADA call and put options will have daily maturities, with weekly and monthly maturities to be made available at a later date. Options give owners the right, but not the obligation, to buy or sell a security at a specific price within a certain time window. Call and put options are used heavily in traditional markets but have become more prevalent within crypto. Delta Exchange …

Following El Salvador’s historic adoption of Bitcoin (BTC) as legal tender on Tuesday, Cardano founder Charles Hoskinson predicted that a lot more countries will eventually follow in the Latin American nation’s footsteps. El Salvador’s Bitcoin acceptance further legitimizes the belief that people should be in control of their money, Hoskinson said in his “Congratulations Bitcoin” YouTube video on Tuesday. The Cardano founder expressed confidence that cryptocurrencies like Bitcoin are the future of money as the younger generation will inevitably trigger mass adoption of crypto. “The majority of people under the age of 25 have a positive view on cryptocurrencies, and …

Bitcoin’s (BTC) market capitalization is nearing the $1 trillion mark and several altcoins have also been rallying hard in the past few days. This has driven the Crypto Fear and Greed Index into the extreme greed territory where the range fluctuates between 79 and 100. Generally, tops are made when the index hits around 95, which shows there is some more room to run. PlanB, the creator of the Bitcoin stock-to-flow model, believes that BTC is on target to reach $100,000 by Christmas this year. Eventually, he believes that BTC price will be much higher than $100,000 before the end …

Bitcoin (BTC) finally broke above the $50,500 resistance and Ether (ETH) has risen above the $4,000 mark. This suggests that there is growing interest in cryptocurrencies and several legacy finance companies are initiating steps to tap into this increasing demand. One of the world’s largest independent asset managers, Franklin Templeton, is accepting applications for fresh mid-senior level positions in crypto trading and research, according to Linkedin job listings. Meanwhile, in Japan, financial conglomerate SBI Holdings is planning to set up one of the first crypto funds in the country by the end of November. Tomoya Asakura, the director and senior …

Cardano offers many opportunities to build custom tokens. The only thing missing is a native exchange list. With no decentralized exchange in existence yet, one platform might have a solution for the native assets created after the Mary hard fork that occurred on March 1st, 2021. Along with native tokens comes multi-asset support to Cardano, which allows users not only to create their own tokens but also to conduct transactions with them directly on Cardano's network. As each new project launches, they will require an exchange to trade their tokens. Cardax is positioning itself as the native exchange Cardano needs …

Cardano’s ADA token surged to new all-time highs on Thursday as an altcoin comeback gripped cryptocurrency markets. Cardano joins Ether in serious gains Data from Cointelegraph Markets Pro and TradingView showed ADA/USD clipping $3.06 during trading Thursday. Having shown strength for multiple weeks, Cardano benefited from a broader altcoin resurgence after attempting to hit the $3 mark throughout the second half of August. The move coincided with the launch of the Cardano Alonzo testnet ahead of a mainnet debut later this month. At the time of writing, ADA/USD remained above $3 while taking a break at $3.066 on Binance. Weekly …

Bitcoin (BTC) is struggling to break above $50,000 but analysts remain confident due to strong on-chain metrics. Analyst Willy Woo believes that investors have been accumulating Bitcoin and a break above $50,000 could result in a quick up-move to $60,000. Another positive voice was that of SkyBridge Capital CEO Anthony Scaramucci, who said in an interview with Cointelegraph that the limited, fixed supply of Bitcoin and exponentially growing demand will boost prices higher. Scaramucci personally believes that Bitcoin could reach $100,000 before the end of the year. Currently, the focus seems to have shifted to Ether (ETH) as it rallied …

Ethereum’s native asset, Ether (ETH), has extended its rally on Wednesday to log multi-month highs against Bitcoin (BTC) and the United States dollar. The ETH/BTC exchange rate rose 3.13% to hit 0.07475 for the first time since June 9. Meanwhile, bids for ETH/USD climbed 3.4% to $3,546, the highest since May 18, showcasing a renewed upside sentiment in the second-largest cryptocurrency market after it consolidated sideways for more than three weeks. Ether’s price jump appeared despite a wobbling price behavior across the cryptocurrency market. For instance, Bitcoin prices remained stuck around $47,000 while eyeing a clear breakout move above their …

Institutional inflows to altcoin investment products have continued to increase this past week, but the same cannot be said for Bitcoin (BTC). In its “Digital Asset Fund Flows Weekly” report on Monday, institutional asset manager CoinShares identified overall inflows of $24 million to altcoin-based investment products. The capital flows mark the second consecutive week of inflows to altcoin funds, with investments into altcoin products increasing by 14.3% compared to last week’s $21 million. Ether (ETH) was the favored asset among institutional investors, with ETH-based products posting a weekly inflow of $17.2 million. The report noted that products tracking Ether and …

There is an old proverb which says that history does not always repeat, but it tends to rhyme. If that holds true for Bitcoin (BTC), then a strong up-move may not happen in the month of September. Bybit data shows that since 2013, Bitcoin has closed September in the red for six years and has managed a positive monthly close only on two occasions. The best performance was in 2016 when Bitcoin rose 6.04%. However, September’s poor historical performance has not stopped small and large traders from accumulating Bitcoin in August. Ecoinometrics reported rising account balances for addresses holding 1,000 …