Cryptocurrency market update: Stellar (XLM) bulls finally awoken from slumber

Stellar stays in the green as the market continues in the consolidation mode.
More gains expected on the cryptocurrency market as Money 20/20 conference nears.

John Isige FXStreet

The bulls on the cryptocurrency market are waking as the market creeps higher steadily. Stellar has been the market leader over the weekend trading. Besides, the gains have jumped to the new week with XM/USD correcting higher 3.9% on the day.

In spite of Stellar’s ballistic rise, the market did not experience any major movements. The trend continues in the consolidation mode. However, the entire market capitalization rose slightly from $133 billion to $134 billion. At press time, the assets in the top ten bracket are mainly in the red with Bitcoin leading from behind following a 0.76% loss, Ethereum trading lower 1% while Ripple’s XRP is down 0.87%.

According to CoinMarketCap, XLM is up 10.97% in the last 24 hours. It is trading above the key level of $0.10. The asset’s market capitalization has increased to beat the six weeks high at $1.95 billion.

The ballistic rise has been directly linked to the news that Börsenmedien AG, a media firm in Germany is buying stakes in SatoshiPay. In addition to that, the change in sentiments is also linked to the upcoming Money 20/20 conference.

Read more on XLM incredible performance here:

Stellar Lumens goes ballistic on SatoshiPay’s acquisition news

Author

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

Cardano: Under pressure as bearish derivatives cap recovery

Cardano remains under pressure, trading lower at $0.165 on Monday after mild losses in the previous week. Weakening derivatives metrics and subdued momentum indicators suggest that ADA's upside move remains limited, keeping downside risks in focus. Derivatives data for Cardano shows bearish sentiment among traders.

Bitcoin holds firm at $65,000 – AAVE and ONDO gain traction

The broader cryptocurrency market risk-off sentiment eases as the US and Iran extend the pause in missile strikes, while Oman holds peace talks. Bitcoin holds firm above $65,000 on Monday, while DeFi tokens, including Aave and Ondo, emerge as top performers over the last 24 hours.

Bitcoin extends winning streak, Ethereum clears key hurdle, XRP steadies

Bitcoin, Ethereum and Ripple begin the week on a firm footing after surging over 1%, 4% and 1%, respectively, in the previous week. BTC holds above key technical resistance after recording its fourth consecutive weekly gain.

World Foundation raises over $52M in token sale as World Network marks third anniversary

World Foundation, the nonprofit organization behind World Network, has raised $52.5 million through a strategic sale of its WLD token as the project marks three years since its mainnet launch. The funding round was led by Pantera Capital and included participation from Bain Capital Crypto, Eightco Holdings, Selini Capital, Susquehanna Crypto and other investors.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.