- **Solana (SOL)** is up 5% today, trading at **$210**, as its DeFi ecosystem continues to expand. - **Chainlink (LINK)** is surging 7% to **$25**, driven by growing adoption in RWA tokenization. - **Avalanche (AVAX)** is holding strong at **$50**, with new partnerships boosting its ecosystem.
Altcoins are shining, and innovation is everywhere! Keep an eye on these movers. š
ANALYSIS: Shiba Inuās open interest has plunged 50% to $155.83 million, suggesting traders are reducing leverage amid market uncertainty, while trading volume has surged 22.14% to $131.48 million.
ANALYSIS: Solana led weekly application revenue with $109.5M (65% market share), followed by Ethereum ($19.9M), BNB ($19.6M), and Base ($13.1M), all experiencing declines.
JUST IN: Semler Scientific (SMLR) has purchased 871 more Bitcoin for $88.5 million, bringing its total holdings to 3,192 BTC, making it one of 29 publicly traded companies with Bitcoin on their balance sheet.
š What does the monthly Bitcoin chart indicate? $BTC BTC 99,702.91 +2.48% ā”ļø While short timeframes often send conflicting signals, the monthly chart allows for a clearer distinction between periods of distribution and accumulation. ā”ļø Pay attention to the candlestick shadows. Long upper shadows reflect the bulls' inability to hold onto highs, signaling the start of distribution (i.e., an upcoming bear market). ā”ļø Long lower shadows, on the other hand, suggest that whales are actively buying the dip (i.e., the market is likely to go up). šBy the way, we're currently seeing the second scenario. Another confirmation that the bull rally will continueāØ
šØTODAY: US stock market futures plummeted after US President Donald Trumpās recently announced trade tariffs on China, Mexico and Canada, while around $341 billion was wiped out of the crypto markets over the past 24 hours.