Bitcoin bulls are trying to seize control but are expected to face strong selling at $117,500. Will altcoins capitalize on BTC's potential range-bound price action? Key points: Bitcoin made a strong comeback on Wednesday, but the buyers are expected to face heavy selling near $117,500. Several major altcoins are likely to face selling on rallies, but BNB and AVAX may resume their uptrend. Read more
The rally in AVAX price came as institutional momentum and network growth signaled renewed investor confidence in the Avalanche ecosystem. Key takeaways: AVAX’s 10% to $33 on Tuesday is fueled by Avalanche treasury initiatives. Avalanche's network growth in TVL and stablecoin market cap shows booming DeFi adoption. Read more
The World Liberty Financial adviser, Ogle, bet on a rising AVAX price following AgriFORCE’s $550 million Avalanche treasury pivot announcement. Large cryptocurrency investors and a major crypto project adviser have bet millions on price appreciation of the Avalanche smart contract blockchain’s native utility token following the latest corporate treasury announcement and Avalanche exchange-traded fund (ETF) filings. Popular crypto sleuth and World Liberty Financial (WLFI) adviser, Ogle, opened a $2.2 million long position with 10x leverage, betting on the Avalanche (AVAX) token’s price increase. The position was opened at an entry price of $33.88 and faces liquidation if the AVAX token falls below $15.50, according to blockchain data platform Lookonchain. Read more
The move comes as Avalanche sees rising activity in gaming and new institutional products, with backers including Hivemind, Galaxy and Kraken. Shares of AgriFORCE Growing Systems surged more than 200% at Monday’s open after the agricultural technology company announced a pivot into an AVAX digital asset treasury model. The company will rebrand as AVAX One and aims to raise $550 million to build a treasury centered on Avalanche (AVAX), the native token of the Avalanche blockchain. According to a Monday press release, the company’s goal is to accumulate more than $700 million in AVAX tokens. As a long-term strategy, it also plans to acquire and integrate revenue-generating fintech businesses into the Avalanche network. Read more
The Avalanche ETF filing marks another step in Grayscale’s expanding suite of crypto investment products, following XRP and DOGE filings earlier this year. Major cryptocurrency investment company Grayscale Investments filed an S-1 with the US Securities and Exchange Commission (SEC) to launch a spot Avalanche (AVAX) exchange-traded fund (ETF). Grayscale filed with the SEC on Friday to convert its existing Avalanche Trust into a publicly traded ETF, according to a registration statement released on Monday. The proposed fund uses the same wording as the underlying ticker of the Avalanche (AVAX) cryptocurrency. It is designed to provide investors with direct exposure to the asset through traditional brokerage accounts. Read more
Bitcoin prepares for an impulse move, and if the upside is taken, ETH, BNB, AVAX and PENGU could explode higher. Key points: Bitcoin is preparing for a range expansion in the next few days, and the trend favors the bulls. ETH, BNB, AVAX, and PENGU are looking set for a possible upside move. Read more