hodler

27 Apr 2026, 22:54

Solana stalls at $84 as $190 million in liquidations loom

🟢 Solana faces $190 million in potential liquidations around $84. Price remains stuck in the $84–88 range as sellers cap rallies. Continue Reading: Solana stalls at $84 as $190 million in liquidations loom The post Solana stalls at $84 as $190 million in liquidations loom appeared first on COINTURK NEWS .

27 Apr 2026, 22:50

Avalanche Price Drops 3% Following Correction in Bitcoin

On Monday, Avalanche (AVAX) price plunged by approximately 3% on a daily chart, forcing its value to plunge from $9.46 to $9.18 with a market capitalization of around $3.96 billion. The drops come amid the heavy selling pressure in the DeFi sector due to unfortunate events and a correction in Bitcoin (BTC) price as it slips below $77,000. The price is falling towards a major resistance level at around $9.0, and if it falls below this level, it could open doors toward $8.50. On April 27, the Avalanche (AVAX) price experienced a drop of around 3% on a daily chart following catastrophic events in the DeFi sector and selling pressure on the cryptocurrency. Avalanche (AVAX) Price Revolves Around $9 Support Level On Monday, the overall cryptocurrency market faced a correction after Bitcoin (BTC) slipped below $77,000 following a crash in leveraged derivatives positions. According to Coinglass , Bitcoin liquidation surged to $429.10 million. , including $284.87 million in long positions and $144.23 million in short positions. This has created risk-off sentiment in the altcoins. Avalanche AVAX -2.35% is following its correlation with Bitcoin after dropping around 3%. At the time of writing this, the Avalanche price is hovering around $9.17 with 2.87% drop in the last 24 hours, according to CoinMarketCap . The cryptocurrency still holds an impressive market capitalization of around $3.96 billion. The daily trading volume revolves around $217.23 million, which soared by around 51% on a daily chart. Apart from the liquidation in the crypto market, there is heavy selling pressure on Avalanche. The daily trading volume revolves around $217.23 million, which soared by around 51% on a daily chart. This is more than recent averages. This spike during the drop in AVAX suggests that sellers are exiting positions with real conviction rather than fleeting order book activity. This drop follows the trend of derivatives flush that affected many altcoins in a correlated pattern. According to the price chart on TradingView, the 14-day Relative Strength Index is sitting at around 36, which suggests that the cryptocurrency is currently in a neutral-to-weakly bearish trend without entering into overbought or oversold territories. At the same time, the 50-day moving average stays around $9.42 while shorter-term averages revolve around $9.35. Both are working as immediate resistance levels. There is a major psychological support level at around $9. If the AVAX price breaks below this level, then it could open the door toward the next support area, $8.50. For this, it is important for Bitcoin to hold its position above $76,500. The on-chain data is also suggesting steady activity on the Avalanche blockchain. According to DeFiLIama, total value locked across its DeFi protocols is revolving around $656.65 million after a 1.69% daily gain. AVAX is now facing a short-term outlook that depends on major technical levels and Bitcoin direction. If the price manages to hold its position above $9, it may consolidate in a tight range while waiting for the next bullish momentum. However, Avalanche might see a growth in institutional investment and real-world adoption. Bitwise launched the first Avalanche ETF under the ticker BAVA on the New York Stock Exchange, complete with plans to stake a portion of holdings. Apart from this, AVAX One, a Nasdaq-listed firm focused on the token, reported first-quarter revenue that more than doubled to $2.4 million, supported by staking rewards and Bitcoin mining operations. Along with this, the network secured a $200 billion real estate tokenization deal in New Jersey and expanded partnerships for music royalties and enterprise subnets. The DeFi sector has been going through its worst phase, where back-to-back cyber attacks have reduced overall market trust and created downward pressure on assets like AAVE . Also Read: WLFI Price Drops 3% to Record Low Amid Legal Dispute

27 Apr 2026, 22:40

Israeli regulators approve shekel-pegged stablecoin

The approval of the BILS stablecoin issued by Israeli exchange Bits of Gold came after a two-year pilot program on the Solana blockchain.

27 Apr 2026, 22:40

Why Is Gold Price Dropping in 2026 While Bitcoin Struggles to Recover?

If you had told someone at the start of this year that gold would hit an all-time high above $5,500 an ounce and then give back nearly a fifth of its value in weeks, they would have called you dramatic. And yet, here we are. Gold is sitting at roughly $4,699 today. Bitcoin is hovering around $78,000, quietly having one of its worst starts to a year in recent memory. And Google Trends says it all: people are searching “gold price” at nearly four times the rate they’re searching “Bitcoin.” That last detail alone tells you where the public’s attention went in 2026. Not where the crypto crowd expected. How Gold Price Got Here Gold’s year started beautifully, almost too beautifully. Central banks were buying at record pace, the Fed had just cut rates three times at the end of 2025, and investors were piling in. By January, gold touched $5,595 per ounce, a number that would’ve seemed absurd two years ago. Then February 28th happened. The U.S.-Iran conflict broke out, the Strait of Hormuz effectively closed, and oil prices shot above $100 a barrel and stayed there. That sent inflation climbing again. February’s producer price index came in at +0.7%, way above expectations. The latest CPI landed at 3.3%, the highest since May 2024. Suddenly, instead of rate cuts, markets were pricing in the Fed staying higher for longer. Maybe even tightening. Here’s the cruel irony: gold didn’t fall because the world got safer. It fell because rising oil prices created an inflation problem that pushed real yields higher, and gold, which pays no interest, becomes less attractive when Treasury yields climb. The 10-year yield jumped to 4.2%. The Dollar Index pushed toward 99.9. That’s a brutal combination for the yellow metal. By March 19th, gold had crashed through the $5,000 level it had held for months, losing about 6% in two sessions. ETF holders panicked and sold. Futures traders got margin-called. The World Gold Council reported ETF outflows peaking at 14 tonnes in a single day. Meanwhile, people buying actual physical gold, coins, bars, barely flinched. Physical premiums stayed elevated. The crash was mostly a paper market story. The chart looked scary. The fundamentals told a different story. Where Things Stand Now As of today, gold is recovering slightly after Iran reportedly submitted a new ceasefire proposal. But then Trump cancelled the planned diplomatic talks, Iran dug in, and gold gave back the gains. We’re essentially watching Middle East negotiations trade the gold market day by day. The bulls haven’t given up. J.P. Morgan still has a $6,300 target for Q4 2026. Wells Fargo is in the $6,100–$6,300 range. The structural case, central banks still buying, weak dollar outlook, massive U.S. fiscal deficits, hasn’t changed. It’s just on hold while the macro picture sorts itself out. Bitcoin’s Peculiar Problem Bitcoin’s 2026 has been quietly brutal. It peaked at $126,000 back in October 2025, closed the year about 30% below that, then kept sliding: down roughly 10% in January, nearly 15% in February, a barely-there gain in March. Its first back-to-back quarterly losses since 2022. The strange part? The institutional infrastructure keeps expanding. Strategy announced it now holds 780,897 Bitcoin after spending another $1 billion in April. BlackRock launched its Bitcoin Income ETF, ticker $BITA, designed to generate yield from Bitcoin’s own volatility. Charles Schwab launched direct spot crypto trading for Bitcoin and Ethereum. These are not small developments. And yet the price hasn’t responded the way you’d expect. Why? Because when the Hormuz crisis hit and markets got nervous, investors sold Bitcoin first and asked questions later. It dropped alongside tech stocks. It behaved like a risk asset, not a store of value. Gold, with centuries of track record, is what institutional money defaults to when the world feels uncertain. Bitcoin is still auditioning for that role. What Google Trends is Saying About Gold Price And Bitcoin The Google Trends chart captures this whole story neatly. In early February, “gold price” and “Bitcoin” were running nearly even in search interest. By late March, gold was at 78 and Bitcoin was at 22. Today, both sit at 14, a market holding its breath ahead of the Fed meeting April 28–29 and Q1 GDP data on April 30th. Gold is winning the macro narrative, even after its correction. Bitcoin has more institutional backing than ever, but less price momentum than it should. Somewhere in that gap is probably where the real story of the second half of 2026 gets written, for whoever has the patience to wait it out. Please note, Data from Google Trends, CoinMarketCap, GoldPrice.org, and verified news sources. For informational purposes only, not financial advice. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

27 Apr 2026, 22:36

XRP price holds at $1.41 for 91 straight days

🚨 XRP price remains flat at $1.41 for 91 days. This long stability in $XRP comes with notable high trading volume. ⚡️ Key point: Analysts expect a sharp move as structural pressure builds. Continue Reading: XRP price holds at $1.41 for 91 straight days The post XRP price holds at $1.41 for 91 straight days appeared first on COINTURK NEWS .

27 Apr 2026, 22:30

Western Union to launch Solana-based USDPT in MAy

Western Union will roll out its dollar-backed stablecoin, USDPT (U.S. Dollar Payment Token), next month on the Solana blockchain, initially as a settlement tool for agent partners rather than a fully-fledged retail consumer product. The launch had already been planned for the first half of 2026 since last year, and it brings Western Union closer to its goal of contributing further to restructuring cross-border settlement architecture globally. The company also aims to release two other innovative products, namely The Digital Asset Network (DAN), and the USD Stable Card. Plans to launch the USDPT stablecoin were revealed in October 2025, as reported by Cryptopolitan . CEO Devin McGranahan confirmed the timeline during the company’s first-quarter 2026 earnings call on April 24. “At the foundation of our strategy is USDPT, our U.S. dollar-backed stablecoin,” McGranahan told analysts, “It is no longer a question of if Western Union will be active in digital assets; it is now how fast we can scale.” NEWS: During its Q1 earnings call, @WesternUnion said its @Solana -based U.S. dollar stablecoin $USDPT is in final-stage preparation and expected to launch next month as an alternate to SWIFT for cross-border settlements. pic.twitter.com/vR9VgTUtuV — SolanaFloor (@SolanaFloor) April 27, 2026 Western Union’s USDPT focuses on settlements first USDPT will not launch as a retail product. McGranahan said the token will serve as an alternative to SWIFT for settling transactions between Western Union and its agent network in select countries. On-chain settlement would allow transfers to process 24/7, including on weekends and banking holidays when traditional banks go offline. The USDPT token will be issued by the Anchorage Digital Bank, a federally chartered crypto custodian. Western Union first disclosed the partnership with Anchorage and Solana in October 2025, along with the stablecoin reveal, and has since filed a trademark for “WUUSD,” per the Crypto Times report. The company has claimed that USDPT will allow it to capture revenue that would have otherwise flowed to third-party stablecoin issuers, including income from issuance, exchange spreads, transaction fees, and float on reserves. The Digital Asset Network and USD Stable Card companion products The Digital Asset Network (DAN) will connect crypto wallets to Western Union’s retail and agent footprint through a single API. The company said the first DAN partner would go live the week of April 27, with seven or more partners expected to activate throughout the rest of 2026. “Through DAN, millions of wallet users will be able to move from digital assets into local currency using Western Union’s retail network,” McGranahan said. Western Union operates in more than 200 countries with hundreds of thousands of agent locations, giving the network a distribution advantage that most crypto-native stablecoin projects lack. The second product is the USD Stable Card, a payment card that lets consumers hold stablecoins and spend them globally. The card is planned for launch later in 2026 across dozens of markets. The Stable Card is expected to act as an easy-to-assess method to spend stablecoins, particularly in inflation-sensitive markets. Western Union has not disclosed the specific launch markets or its card network partner for the Stable Card. Western Union enters competitive field Dollar-pegged stablecoins now exceed $300 billion in total market capitalization, and the GENIUS Act, signed into law in 2025, has given U.S.-issued tokens a clearer regulatory footing. Western Union is not the only legacy payments company building on Solana. PayPal’s PYUSD, issued by Paxos, has grown into the multi-billion dollar range. Fiserv is rolling out its own Solana-based stablecoin, FIUSD. MoneyGram has also integrated Circle’s USDC on the Stellar blockchain for its mobile app, and Visa has expanded stablecoin settlement support to Solana. Solana processed $650 billion in adjusted stablecoin volume in a single month earlier this year, making it one of the fastest-growing settlement networks by transaction volume. The pilot rollout during the launch in multiple select countries will be the first test of whether USDPT can significantly reduce settlement costs and processing times enough to justify the infrastructure shift and make an impact on the competition. The identities of the initial agent partners and DAN’s first wallet integration, along with The Stable Card’s launch markets and network partner, remain undisclosed. Those details will determine whether Western Union’s stablecoin strategy reaches meaningful scale and achieves the impact intended by the company since the launch announcement. Still letting the bank keep the best part? Watch our free video on being your own bank .