Bitcoin

Polygon receives a boost after being accepted in the Disney Accelerator Program

With all indicators pointing towards a bottom in cryptocurrency markets, Disney’s move could lift MATIC. Key points: Polygon was included in the Disney Accelerator program. Polygon also benefits from Ethereum 2.0, as it will be able to handle most Ethereum-based transactions. Polygon may emerge as the top performer during the next cryptocurrency bull market based…

With all indicators pointing towards a bottom in cryptocurrency markets, Disney’s move could lift MATIC.

Key points:

Polygon was included in the Disney Accelerator program.
Polygon also benefits from Ethereum 2.0, as it will be able to handle most Ethereum-based transactions.
Polygon may emerge as the top performer during the next cryptocurrency bull market based on these factors.

Despite the bear market, large corporations still believe in cryptocurrencies. Disney is one of the companies making big moves in cryptocurrency markets. Disney has announced that Polygon (MATIC), will be added to its accelerator program. This is a big bet by Disney on Web 3.0, and other aspects of cryptocurrency markets.

The Disney Accelerator program invests in companies or projects that Disney plans to work with in its many services. Essentially, investors believe that Disney is interested in collaborating with Polygon in some way.

What does this mean to Polygon?

Being selected for the Disney accelerator program, is a significant deal for Polygon. It’s a reason to be vigilant about this cryptocurrency. Adoption is a key consideration when investing in cryptocurrency. Polygon is highly likely to be adopted by the biggest corporations in the world.

This is an important publicity boost for Polygon. Polygon is now known by many potential investors who didn’t know it existed. MATIC is now ahead of other cryptocurrency for a rally once the bulls regain market control.

MATIC and other good news

The Disney-related news isn’t the only reason to invest big in MATIC. This cryptocurrency can also be linked to Ethereum, which could give it a huge value boost.

Ethernet 2.0 will heavily rely on layer-2 solutions such as Polygon to complete transactions. The most likely beneficiary of Ethereum 2.0 will be Polygon, which is the largest layer-2 solution. An increase in transactions could negatively impact the price of MATIC, particularly when you consider its deflationary nature.

Bitcoin

Bitcoin Demand Shows Signs of Cooling as Whale and ETF Purchases Halve: Cryptoquant

Bitcoin demand growth is decelerating after a rally toward $112,000, with key indicators signaling a potential slowdown phase, according to a new Cryptoquant Institutional Insights report. Profit-Taking Dominates Futures Market Amid Bitcoin Slowdown Cryptoquant’s analysis reveals bitcoin spot demand continues expanding but at a sharply reduced pace…
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Bitcoin

Bitcoin Price Watch: Bulls Eye $108K as Momentum Builds Across Lower Timeframes

Bitcoin is trading at $105,971 to $106,032 over the last hour, with a market capitalization of $2.10 trillion and a 24-hour trading volume of $21.88 billion. During the past 24 hours, the price has fluctuated between $104,004 and $106,450, reflecting a narrow intraday range that coincides with ongoing technical indecision across broader timeframes…
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Bitcoin

XCN defies Bitcoin and Ethereum slump with 97% spike

Onyxcoin (XCN) has risen 97% in the past 24 hours as altcoins enjoy massive buying pressure. The XCN price bucks the trend that saw Bitcoin and Ethereum down after notable gains a day earlier. Tariffs and other market conditions weigh on investor sentiment. Onyxcoin (XCN) has defied a dip for Bitcoin, Ethereum, and top altcoins…

Onyxcoin (XCN) has risen 97% in the past 24 hours as altcoins enjoy massive buying pressure.
The XCN price bucks the trend that saw Bitcoin and Ethereum down after notable gains a day earlier.
Tariffs and other market conditions weigh on investor sentiment.

Onyxcoin (XCN) has defied a dip for Bitcoin, Ethereum, and top altcoins with an impressive 97% over the past 24 hours.

In a price rally that put it on top of the daily gainers’ list, XCN shot up to an intraday high of $0.017.

The performance bucks the downward pressure that has seen Bitcoin (BTC) and Ethereum (ETH) pare gains from a day ago with dips below $80k and $1.5k, respectively.

XCN price performance

The XCN token’s standout performance sees it outpace Flare, Kaspas, and Walrus, among other notable gainers.

According to data from CoinMarketCap, XCN is currently trading at $0.017, with its volume up 1,230%.

The token’s market, though tiny at $531 million, is up 97% and puts Onyxcoin in the top 100 by market cap.

XCN has flipped Floki and CORE, which currently rank 100th and 99th by market cap, respectively.

Onyxcoin’s massive spike comes despite a broader risk market downturn in the past 24 hours.

BTC, ETH, and other coins’ dip has seen the global cryptocurrency market cap drop by 3.9% to $2.52 trillion.

Volume is down 20% to about $127 billion as crypto mirrors losses on Wall Street.

Overall market outlook

Crypto and the stock market rose sharply on Wednesday after US President Donald Trump changed his tariffs stance.

His announcement of a 90-day pause sent risk assets skyrocketing, with Bitcoin’s price breaking to above $82k.

S&P 500 and the Dow Jones Industrial jumped, rising by historic single-day gains.

However, the S&P 500 and Dow opened lower on Thursday and looked to close lower with 3.2% and 2.4 %, respectively.

Dow was down more than 900 points.

On Thursday, Trump announced an additional 25% tariff on China, bringing this to 145%.

After excluding it from the 90-day pause, analysts say the trade war will continue to hurt optimism.

This looks to be the case as stocks sold off despite the latest inflation report that showed CPI dropped to 2.4% against an expected 2.6%.

While this sees many turn to the Federal Reserve for expectations of interest rate cuts, analysts are pointing to “sticky” prices and tariff impact for likely pressure on equities and crypto. Analysts point to a potential bull trap.

Peter Schiff said via a post on X:

“I’ve never seen such a mass selloff of US assets. The US dollar, bonds, and stocks are all getting killed. I can’t remember when the dollar lost 3.5% against the Swiss franc in one day. America’s ride on the global gravy train is about to come to a screeching halt. Buckle up.”