Toncoin surges 36% as Telegram replaces TON Foundation and slashes fees
Toncoin surged 36% in 24 hours as Telegram founder Pavel Durov announced the messaging platform will replace the TON Foundation as the ecosystem's primary driver and become its largest validator. Transaction fees have dropped nearly to zero, making micro-transactions viable. The shift signals market confidence in Telegram's direct commitment to the chain's development and security.
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One bank after another scraps Fed rate-cut forecasts. Bitcoin doesn't care.
Major banks abandoned Fed rate-cut forecasts, yet Bitcoin surged past $80,000, suggesting macro headwinds are losing influence. BTC now trades as inflation hedge despite higher-for-longer rates. Technical resistance at $81,500 and $84,000 CME gap remain critical. Altcoins show selective strength. Market sentiment sits neutral at Fear-Greed midpoint, signaling potential turning point for Indian crypto investors monitoring global momentum shifts.
Bitcoin's $81K Rally Comes Amid 66-Day Negative Funding Streak: Here’s Why
Bitcoin surged to $81,261, gaining 2.93% amid a remarkable 66-day negative funding streak in derivatives markets. This prolonged period of negative funding rates—where traders pay to hold short positions—typically signals capitulation among leverage traders, potentially supporting price rallies. The move reflects shifting market sentiment despite macroeconomic headwinds. Indian crypto investors should monitor funding rate reversals as key risk indicators.
Bitcoin absorbed $200 million profit-taking at $80,000 in a bullish sign for BTC
Net realized profits hit a one-month high of $207.56 million Sunday as bitcoin crossed $80,000 for the first time since January, with the price holding above the breakout level into Tuesday despite the heavy sell-side flow....