Three gaming crypto tokens to have in your watchlist as GTA 6 trailer looms: AXS, MANA and ENJ
The trailer of the Grand Theft Auto (GTA) 6 will be released on Tuesday, a key event for the gaming community that could also become a catalyst for crypto markets, particularly for those tokens closely-related to the sector. Although the new GTA game isn’t expected to have a direct crypto component in it, the crypto community anticipates a higher adoption of play-to-earn gaming, a feature that offers the possibility to earn crypto in real life.
Dogecoin breaks key $0.088 barrier ahead of tenth birthday, 87% DOGE holders at profit
As Dogecoin (DOGE) approaches its tenth anniversary on Wednesday, the Shiba-Inu-themed meme cryptocurrency has surpassed a crucial resistance level at $0.088076, reaching the highest level since mid-April. The recent upswing in the memecoin’s value has driven many Dogecoin holders towards profitability, and whale transactions – or moves made by large-wallet investors totalling more than $100,000 – also climbed during the last week, further supporting DOGE price gains.
BTC/USD: Ascending triangle completed
Against the US dollar, the price of Bitcoin staged another advance last week, adding +3.4% at the time of writing.
Technical headwinds remain on the weekly timeframe. This includes the channel resistance that recently made its way into the fight, extended from the high of $31,050, an ascending channel resistance accompanied by nearby resistance at $38,523 and the Relative Strength Index (RSI) testing overbought levels (highest since early 2021).
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Bitcoin slightly recovers after sharp sell-off following Fed rate cut decision
Bitcoin (BTC) recovers slightly, trading around $102,000 on Thursday after dropping 5.5% the previous day. Whales, corporations, and institutional investors saw an opportunity to take advantage of the recent dips and added more BTC to their holdings.
Aave Price Forecast: Poised for double-digit correction as holders book profit
Aave (AAVE) price hovers around $343 on Thursday after correcting more than 6% this week. The recent downturn has led to $5.13 million in total liquidations, 84% of which were from long positions.
Memecoins DOGE and PEPE approaches key levels: Eyes for a recovery
Dogecoin and Pepe prices retest their crucial support level on Thursday after declining more than 10% this week. Sideline investors seeking to accumulate dog-themed and frog-themed memecoins may consider doing so at their support levels for a potential recovery rally ahead.
Crypto market bleeds following hawkish rate cut decision by Fed
Bitcoin and the crypto market are down on Wednesday following the Federal Open Market Committee (FOMC) announcement to slow down rate cuts in 2025, with the benchmark federal funds rate declining to a lower range of 4.25% to 4.50%.
Bitcoin: BTC reclaims $100K mark
Bitcoin briefly dipped below $94,000 earlier this week but recovered strongly, stabilizing around the $100,000 mark by Friday. Despite these mixed sentiments this week, institutional demand remained strong, adding $1.72 billion until Thursday.
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