Decentralized finance (DeFi) lending protocol Morpho announced Friday it raised $175 million in a funding round led by Paradigm, Andreessen Horowitz's crypto arm (a16z Crypto) and Ribbit Capital.
Privacy-focused coins Zcash (ZEC) and Monero (XMR) exhibit a wide range of recovery signs on Friday, as bulls tighten their grip following weeks of extended declines. ZEC hovers above $460, marking three straight days of gains, while XMR moderates gains above $320.
Bitcoin (BTC) maintains its upward momentum, holding above the $61,000 mark at the time of writing on Friday. Major altcoins such as Ethereum (ETH) and Ripple (XRP) are also posting gains, signaling a modest uptick in market sentiment and renewed risk appetite among investors.
Bitcoin (BTC) is up over 3% so far this week, trading above $61,800 at the time of writing on Friday after slipping to a 21-month low earlier this week.
Pi Network (PI) shows minor recovery on Friday, a slow follow-through of the 2% rebound from the previous day. The recovery in PI aligns with the easing broader market risk-off sentiment, fueling speculative interest in the token.
Hyperliquid (HYPE) extends gains above $66 on Friday, maintaining a long-term upward trend supported by its rising 50-day Exponential Moving Average (EMA) around $60.
Stellar (XLM) price holds above its 200-day Exponential Moving Average (EMA) at $0.197 on Friday after rallying more than 14% this week. The recovery is supported by robust on-chain activity, with Stellar’s stablecoin market capitalization climbing to a record high and TVL continuing to rise.
Cardano (ADA) extends its recovery, trading above $0.160 on Friday, up over 15% so far this week. The recovery is supported by whale wallets accumulating ADA tokens during recent price dips.
Dogecoin (DOGE) price approaches $0.075 on Friday following a 3% rebound the previous day as the broader market risk-off sentiment eases. The meme coin regains retail strength as DOGE futures Open Interest and the funding rate increase.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) extend their recovery on Friday as improving risk sentiment and strengthening technical indicators support the broader cryptocurrency market.
Bitcoin (BTC) price holds above $61,000 on Friday, maintaining a steady stand during early Asian hours after a two-day recovery of nearly 5%. The risk-off market sentiment eases with the Fear and Greed Index rising to 23 on Friday, indicating a gradual increase in buying pressure.
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Bitcoin (BTC) is facing renewed downside risks after exchange inflows surged to levels rarely seen this year, signaling the market could be entering another period of heightened volatility, according to a report by CryptoQuant on Thursday.
The recent volatility surrounding Strategy's perpetual preferred stock, STRC, could signal that Bitcoin (BTC) is approaching a cycle bottom, according to Bitwise CIO Matt Hougan.
Pump.fun (PUMP) edges higher on Thursday, building on support around $0.0014. The token trades above $0.0015, up by more than 13% on the day, backed by robust momentum indicators and a broadly recovering crypto market following weeks of heavy selling pressure.
Ripple (XRP) grinds higher on Thursday, trading above $1.07. This comes after the remittance token tested support at $1.03 amid heavy selling pressure that has dominated the crypto market in recent weeks.
The cryptocurrency market broadly rises on Thursday, reflecting improvement in risk sentiment following an extended period of selling pressure. Bitcoin (BTC) is back above $60,000 after testing support at $58,000 earlier in the week.
Cardano (ADA) price extends mild recovery on Thursday after a 6% rebound the previous day, an early signal of a potential bullish trend reversal.
Bitcoin (BTC) is extending its recovery, trading above $61,000 at the time of writing on Thursday after slipping to a 21-month low the previous day. Reports of positive progress in indirect US-Iran talks in Doha lift investor confidence, supporting BTC’s rebound.
Hyperliquid (HYPE) price continues to coil, struggling to find direction as it edges higher on Thursday after two consecutive days of losses. Institutional demand, a key driver for altcoins in recent times, eases for HYPE with minimal inflows following a $108 million surge last week.
Solana (SOL) extends its recovery, trading above $78 on Thursday, having gained nearly 10% so far this week. The rebound is supported by strengthening derivatives metrics, modest institutional demand and improving technical momentum, all suggesting SOL could extend its gains in the near term.
Zcash (ZEC) maintains a mild recovery trend this week, extending gains on Thursday following a 4% surge the previous day. The privacy coin regains retail demand, with leveraged positions rising 11% over 24 hours, supported by a 17% surge in volume.
Ripple (XRP) and Stellar (XLM) extend recovery on Thursday as improving market sentiment supports a rebound. XRP trades above $1.05 while XLM climbs past $0.199.
The broader cryptocurrency market is easing downside pressure, with US Federal Reserve Chairman Kevin Warsh's optimism about US growth driving Bitcoin (BTC) above $60,000.
Long-term Bitcoin (BTC) investors have begun absorbing supply despite persistent negative flows from US spot BTC exchange-traded funds (ETFs), according to a report by Glassnode on Wednesday.
Ethereum received another advocate on Wednesday following the launch of Ethereum Institutional, an independent non-profit that centers on advancing the institutional adoption of the Ethereum ecosystem — applications, L2s, tools and resources.
Standard Chartered has initiated coverage of decentralized finance (DeFi) lending protocol Morpho (MORPHO), forecasting its native token could reach $60 by the end of 2030 as the sector expands and institutional adoption of onchain finance accelerates.
The cryptocurrency market shows subtle signs of rebounding on Wednesday after facing intense headwinds over the past few weeks, largely attributed to geopolitical tensions, macroeconomic uncertainty and risk-averse sentiment.
Ripple (XRP) is trading around $1.04 at the time of writing on Wednesday, grinding toward the psychological $1.00 support. The remittance sector continues to struggle to make meaningful rebounds, reflecting persistent headwinds across the broader crypto market.
The cryptocurrency market trades under intense headwinds on Wednesday, led by Bitcoin’s (BTC) deepening sell-off below $60,000. The Crypto King hovers above $58,000.