Pendle erases over 5% of its value on the day. The token ranks among cryptocurrencies that yielded the most negative returns for traders on Friday.
XRP loses over 1.30% as Ripple 's executive confirms the filing of an important document in the appeals process in the SEC lawsuit. Bitcoin corrects less than 1% and sustains above $67,500. Ethereum is down nearly 0.20%, holding above the key support level of $2,500. Bitcoin , Ethereum and XRP updates Bitcoin trades above $67,800 in the American session on Friday. The largest cryptocurrency by market capitalization has traded between $70,080 and $49,000 for nearly three months, since July 29.
could extend its losses by an additional 7%, down to $4.339, the lower boundary of a Fair Value Gap and the October 17 high. The Moving Average Convergence Divergence indicator shows consecutively shorter red histogram bars in the daily chart. This means that the underlying positive momentum on is slowly waning.
daily chart A daily candlestick close at the June 28 high of $5.365 could invalidate the bearish thesis. could target the June 26 high of $5.788, nearly 23% gain from the current level. Market updates A Blockworks research dashboard shows that Solana’s network real economic value, calculated as a sum of transaction fees and tips earned by validators, crossed $11 million on Thursday. This marks a new all-time high for the chain and is likely driven by interest in meme coins. Real economic value of Solana Bitcoin options worth $4.26 billion expire on Friday.
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