The market spikes 1.39%, pushing the majority of crypto assets into a green wave as it fights back against bearish pressure. With the extreme fear sentiment lingeringThe market spikes 1.39%, pushing the majority of crypto assets into a green wave as it fights back against bearish pressure. With the extreme fear sentiment lingering

Magic Eden (ME) Rockets Higher: With a 50% Jump and 3,120% Volume Eruption, Can It Hold the Pace?

2026/02/12 21:33
3 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
  • Magic Eden has jumped 50% and is now trading at $0.20.
  • ME’s daily trading volume has skyrocketed by over 3,120%.

The market spikes 1.39%, pushing the majority of crypto assets into a green wave as it fights back against bearish pressure. With the extreme fear sentiment lingering, the potential bear presence is hanging around. Turning attention toward the altcoins, Magic Eden (ME) has registered a steady 50.90% jump in value over the last 24 hours. 

In the morning hours, the asset traded with the bears at a low of $0.1316. Notably, a gradual rise of the bulls has sent the ME price to a high of $0.2434. To confirm the bullish dominance, key resistance zones between $0.1327 and $0.2423 were broken. Magic Eden currently trades at $0.2005, with its trading volume exploding by over 3120% to $204 million.

With the active bullish momentum of Magic Eden, the price movement is pushing it upward to the resistance at $0.2026. Upon the formation of a golden cross, the bulls could trigger the asset to mount up toward the $0.2047 level or higher. On the support side, assuming the Magic Eden bears are back, the price might face a hit and drop to the $0.1984 support. If a deeper correction on the downside looms, with the death cross emergence, the price would fall below $0.1963. 

Technical Signals Suggest Bulls Are in Control of Magic Eden

Magic Eden’s Moving Average Convergence Divergence (MACD) line is above the signal line, displaying bullish sentiment. Since both are found above the zero line, it confirms that the broader trend is positive. It may continue moving higher unless the momentum weakens.

ME chart (Source: TradingView)

Besides, the Chaikin Money Flow (CMF) indicator stationed at -0.05 shows slight selling pressure. Also, the money outflows are marginally exceeding inflows, but the weakness is mild. The ME market is leaning bearish, without strong conviction, unless the value drops further. 

The Bull-Bear Power (BBP) reading of 0.1275 exhibits ME’s mild bullish pressure. With the positive value, the buyers have a slight edge over the sellers; the momentum is not very strong. If the reading rises further, it may confirm a strengthening uptrend. Moreover, Magic Eden’s daily Relative Strength Index (RSI) is positioned at 87.20 implies that it is heavily overbought. Significantly, the buying pressure is extremely strong, but a pullback or correction could be imminent.

Top Updated Crypto News

Uniswap (UNI) Volume Soars 500%, Will the Recent Spike Turn Into a Breakout?

Market Opportunity
MAGIC Logo
MAGIC Price(MAGIC)
$0.05765
$0.05765$0.05765
+0.20%
USD
MAGIC (MAGIC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Chris Burniske Forecasts Big Changes Coming to Cryptocurrency Market

Chris Burniske Forecasts Big Changes Coming to Cryptocurrency Market

TLDR Chris Burniske predicts that price flows will start driving crypto market narratives. Burniske foresees underperforming cryptocurrencies gaining more attention. Coinbase predicts growth in Q4 2025 driven by positive macroeconomic factors. Tom Lee suggests Bitcoin and Ethereum could benefit from potential Fed rate cuts. A major shift is looming in the cryptocurrency market, according to [...] The post Chris Burniske Forecasts Big Changes Coming to Cryptocurrency Market appeared first on CoinCentral.
Share
Coincentral2025/09/18 00:17
Bitcoin Staking ETP: Valour Unveils a Game-Changing Opportunity on LSE

Bitcoin Staking ETP: Valour Unveils a Game-Changing Opportunity on LSE

BitcoinWorld Bitcoin Staking ETP: Valour Unveils a Game-Changing Opportunity on LSE The world of digital assets is constantly evolving, and a recent development is set to capture the attention of serious investors. Valour, a respected subsidiary of crypto ETP issuer DeFi Technologies, has made a significant move by launching a groundbreaking Bitcoin staking ETP (1VBS) on the London Stock Exchange (LSE). This innovative product, exclusively for professional investors, offers a compelling 1.4% annual yield and marks a new frontier for institutional engagement with cryptocurrency. What Exactly is a Bitcoin Staking ETP? For those new to the concept, an Exchange Traded Product (ETP) is a type of security that tracks an underlying asset, index, or financial instrument. In this case, it tracks Bitcoin. What makes this particular offering unique is the “staking” component. Staking involves locking up cryptocurrency to support the operations of a blockchain network, and in return, participants earn rewards. A Bitcoin staking ETP allows investors to gain exposure to Bitcoin while also earning yield from staking activities, all within a regulated exchange environment. It bridges the gap between traditional finance and the crypto ecosystem, offering a familiar investment vehicle for digital assets. Unlike direct staking, an ETP simplifies the process, handling the technical complexities and security aspects for the investor. Why is Valour’s Launch a Game-Changer for Professional Investors? Valour’s decision to list this product on the LSE is not just another launch; it represents a pivotal moment for institutional adoption of crypto. Professional investors often face regulatory hurdles and operational complexities when directly engaging with digital assets. This Bitcoin staking ETP addresses many of these concerns head-on. The key benefits include: Regulatory Clarity: Operating within a regulated exchange like the LSE provides a layer of oversight and trust that is often absent in direct crypto investments. Accessibility: It allows large financial institutions, wealth managers, and other professional entities to access Bitcoin and its staking yield through a familiar, traditional investment structure. Simplified Operations: Investors don’t need to worry about managing private keys, setting up staking nodes, or navigating complex blockchain protocols. Yield Generation: The 1.4% annual yield offers an attractive incentive, combining capital appreciation potential from Bitcoin with passive income. Understanding the Yield and Potential Risks of This Innovative Product While the 1.4% annual yield from this Bitcoin staking ETP is certainly appealing, it’s crucial for professional investors to understand the underlying mechanics and potential risks. The yield is generated from the staking rewards, which can fluctuate based on network activity and protocol changes. Moreover, as with any investment tied to cryptocurrencies, volatility remains a key factor. Consider these points: Market Volatility: The value of the ETP is directly linked to Bitcoin’s price, which can be highly volatile. Staking Risks: While Valour handles the staking, underlying risks like “slashing” (penalties for validator misbehavior) exist, though ETP providers typically manage this risk. Liquidity: ETPs generally offer better liquidity than direct staked assets, but market conditions can still impact trading. This product is designed for professional investors who are well-versed in market dynamics and risk management. Valour and the Future of Crypto ETPs: What’s Next? Valour, through its parent company DeFi Technologies, has been at the forefront of bringing digital asset investment products to regulated markets. This launch reinforces their commitment to providing accessible and secure pathways for investors to engage with the burgeoning crypto economy. The introduction of a Bitcoin staking ETP on a major exchange like the LSE signals a growing maturity in the crypto market and could pave the way for similar products tracking other proof-of-stake cryptocurrencies. This move highlights a broader trend: the increasing institutionalization of crypto. As more regulated products emerge, we can expect greater capital inflow and mainstream acceptance of digital assets as a legitimate asset class. Valour’s initiative serves as a strong indicator of this evolving landscape. Conclusion: A New Era for Crypto Investment Valour’s launch of the Bitcoin staking ETP on the London Stock Exchange is more than just a product release; it’s a testament to the ongoing convergence of traditional finance and the innovative world of cryptocurrencies. By offering professional investors a regulated, yield-bearing pathway to Bitcoin, Valour is not only expanding access but also setting a new standard for how institutional capital can participate in the digital asset revolution. This development underscores the growing confidence in crypto’s long-term potential and offers a compelling new avenue for sophisticated investors seeking both growth and income. Frequently Asked Questions (FAQs) Q1: What is the primary benefit of investing in Valour’s Bitcoin staking ETP? A1: The primary benefit is gaining exposure to Bitcoin’s price movements while also earning an annual yield from staking, all within a regulated and accessible investment vehicle on the London Stock Exchange. Q2: Is this Bitcoin staking ETP available to all types of investors? A2: No, this specific Bitcoin staking ETP (1VBS) is designed exclusively for professional investors, who typically have a deeper understanding of market risks and regulatory frameworks. Q3: How is the 1.4% annual yield generated? A3: The annual yield is generated through the process of “staking,” where a portion of the underlying Bitcoin assets are locked up to support the security and operations of the blockchain network, earning rewards in return. Q4: What are the main risks associated with this Bitcoin staking ETP? A4: Key risks include the inherent volatility of Bitcoin’s price, potential fluctuations in staking rewards, and broader market risks. While the ETP structure mitigates some direct operational risks, market-related risks remain. Q5: How does a Bitcoin staking ETP differ from directly buying and staking Bitcoin? A5: An ETP simplifies the investment process by handling technical complexities like private key management and staking node operations. It offers a regulated, exchange-traded structure, unlike direct staking which requires more technical knowledge and direct exposure to blockchain protocols. Found this article insightful? Share it with your network and help others understand the exciting developments in institutional crypto investment. Your insights can spark valuable conversations! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Bitcoin Staking ETP: Valour Unveils a Game-Changing Opportunity on LSE first appeared on BitcoinWorld.
Share
Coinstats2025/09/19 23:25
Ethereum to $5,500 by Mid-October, XRP ETF Launch to Test Investor Demand, 4.5 Trillion Shiba Inu Lost

Ethereum to $5,500 by Mid-October, XRP ETF Launch to Test Investor Demand, 4.5 Trillion Shiba Inu Lost

Crypto market today: key points. XRP ETF launch will show whether there will be enough demand. Shiba Inu sees massive on-chain crash in metric usually considered bearish. Tom Lee predicts $5,500 Ethereum
Share
Coinstats2025/09/18 07:55