Latest news with #ICP
Yahoo
4 hours ago
- Business
- Yahoo
ICP Climbs With Broader Crypto Rally, Holds Gains Above $5.50
Internet Computer (ICP) moved higher in tandem with a broad-based crypto market surge, climbing 1.89% $5.5354 after peaking at around $5.65 early on Wednesday. As capital rotated into altcoins following gains in bitcoin and ether, ICP followed suit with a 7% upswing, driven by early bullish momentum and strong support at the lower end of its range. The 24-hour window spanning July 15 at 15:00 UTC to July 16 at 14:00 UTC saw ICP fluctuate within a $0.39 range. Volume during this rally exceeded 964,000 units, indicating robust participation from both large and small buyers as the altcoin sector gained steam. After peaking, ICP transitioned into a sideways consolidation phase between $5.50 and $5.58. Two failed attempts to break above the $5.64–$5.66 resistance zone confirmed short-term exhaustion, according to CoinDesk Research's technical analysis data model. The token remained well bid near $5.52, where fresh demand consistently consolidation reflects similar dynamics seen across Layer 1 tokens, which are seeing profit-taking after multi-session gains but maintaining higher support zones. ICP's ability to hold steady in a tightening range mirrors the broader market's pause after a strong leg up. If bullish sentiment across the crypto market continues, ICP may challenge the $5.60–$5.66 resistance band again, supported by steady inflows and its strong positioning in the decentralized computing narrative. Technical Analysis Highlights ICP climbed 7% from $5.28 to $5.66 before consolidating in a $0.39 range. Early rally supported by 964K+ volume, matching broader altcoin strength. Resistance firmed at $5.64–$5.66 with two rejection attempts. Price stabilized in a $5.50–$5.58 channel for much of the session. Support formed around $5.52; buyers consistently defended this level. ICP rebounded from $5.50 to $5.53 in the final hour on 19.8K+ volume. Market structure remains bullish above $5.50 amid macro crypto strength. Current price: $5.5354, up 1.89% on the day. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Gulf Insider
11 hours ago
- Business
- Gulf Insider
Expats In Oman Must Show Hotel, Return Flight Bookings For UAE Tourist Visa
Travel agencies in Oman have confirmed that new regulations require applicants for 30-day tourist and visit visas to the United Arab Emirates to submit hotel booking confirmations and return flight tickets at the time of application, according to the Times of Oman . Previously, travellers needed only a valid passport and a photograph. Under the updated requirements, all applications must now be submitted via the UAE's websites of ICP and GDRFA, or through the ICP App and Dubai Now with supporting documents, including confirmed accommodation and return travel plans. 'Travel agencies have been instructed to submit hotel and flight tickets with every visa application,' Soumava Mukherjee, General Manager of Travel City–Travel Point LLC, told the Times of Oman . 'If not, applications may face delays or even rejection.' Mukherjee added that individuals staying with relatives in the UAE must also submit a copy of a house lease agreement from their host. The changes come alongside rising visa costs. What once cost OMR30 is now being charged at rates between OMR40 and OMR50, depending on the agency. 'Travel agents have started charging anything in between OMR40 and OMR50 for the UAE visa,' said T. Sudheer, an Indian expatriate currently applying for a visa. The new requirements apply to both tourist and visit visa categories. According to Taufiq Uzzaman, Managing Director of Taufiq Travel and Tourism in Ruwi, the UAE authorities have introduced the policy as part of broader efforts to streamline visa processing and enhance regulatory compliance. 'This change, applicable to both tourist and visit visas, aims to streamline the process and ensure compliance,' Uzzaman told to the Times of Oman .
Yahoo
20 hours ago
- Business
- Yahoo
ICP Slides 3% But Caffeine Launch Sparks Rebound
Internet Computer (ICP) saw a volatile 24-hour stretch marked by early selling and a sharp rebound After falling to $5.27, the token recovered into the close to settle at $5.4324 - trimming losses after a 3.47% daily decline. The turnaround came amid renewed optimism driven by the official launch of Caffeine, a next-generation AI-powered Web3 platform built on ICP. Unveiled on July 15, 2025, at the 'Hello, Self-Writing Internet' event in San Francisco, Caffeine empowers users to build decentralized apps using natural language — no code required. The platform's debut marks a significant milestone in Internet Computer's strategy to merge on-chain AI with seamless dapp creation, helping to ignite buying interest late in the day. Overnight, bears pushed ICP from $5.39 to $5.20 on volume exceeding 850,000 contracts at 03:00 UTC, according to CoinDesk Research's analysis. However, the landscape shifted after 14:30 UTC on Tuesday. ICP dropped to $5.27 but then reversed higher on a series of institutional-sized volume spikes. This flurry of activity lifted the token back to $5.34, narrowing the day's losses and reinforcing buyer presence around the $5.27-$5.28 support band. Fundamental progress further bolstered sentiment. The DFINITY Foundation has burned over 1 million tokens to tighten supply, while its new vetKeys privacy protocol addresses critical concerns in blockchain data security. With AI now live on-chain via Caffeine and technical buyers stepping in near key support, ICP appears poised to test resistance at $5.40 once again, backed by ecosystem momentum and strategic upgrades. ICP fell 3.47% in 24 hours, with a $0.30 intraday spread from $5.50 to $5.2115. Caffeine's launch introduced AI-powered dapp creation, driving bullish sentiment. Bears pushed price lower early; $5.20 support held firm on heavy overnight volume. A rebound lifted ICP from $5.27 to $5.34 after a wave of accumulation. Notable volume surges: 14:52 (41,106), 15:03 (44,658), 15:29 (17,658). Resistance remains at $5.40–$5.42, where rallies repeatedly paused. Support re-established at $5.20–$5.28 following recovery. Current price: $5.4324, holding above intraday lows and showing upward bias. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Yahoo
2 days ago
- Business
- Yahoo
ICP Rebounds Toward $5.50 After Early Morning Surge and Midday Volatility
Internet Computer (ICP) showed signs of resilience in a turbulent 24-hour window, climbing as high as $5.6781 before consolidating just below the $5.50 mark. Despite late-session selling, the token remains poised for potential recovery amid ongoing volatility. Starting July 13 at 17:00 UTC, ICP began a steady ascent, reaching its session high of $5.6781 early on July 14. This rally was underpinned by a significant increase in volume, topping 800,000 units during its most aggressive upward leg between 02:00 and 05:00 UTC. Bulls briefly tested resistance above $5.67, a level that had historically capped upside momentum. However, intense selling pressure set in shortly after the peak, driving prices downward in a rapid reversal. During the hour ending at 16:05 UTC on July 14, the token dipped 1% to $5.45, decisively breaking through the $5.48 support threshold. A volume spike near 50,000 units during the 15:48-15:49 UTC interval further confirmed heightened bearish activity. Despite the pullback, ICP has found near-term stability in a lower trading channel between $5.44 and $5.46. ICP traded within a $0.28 range from $5.40 (low) to $5.68 (high), marking a 5% intraday spread. Price spiked from $5.47 to $5.68 between 02:00–05:00 UTC on July 14, amid 800K+ volume. Resistance hardened near $5.67–$5.68, curbing bullish continuation attempts. Final-hour decline from $5.50 to $5.45 showed a swift 1% retreat from 15:06–16:05 UTC. Key support at $5.48 was broken on high volume, signaling potential bearish continuation. Notable sell-off occurred between 15:48–15:49 UTC with nearly 50K units traded. Consolidation range has formed between $5.44–$5.46 as of July 14 at 16:35 UTC. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Star
2 days ago
- Business
- The Star
Aeon Credit issues 10th sukuk wakalah of RM150mil
KUALA LUMPUR: Aeon Credit Service (M) Bhd has made its 10th issuance of sukuk wakalah under the Islamic commercial papers (ICP) programme today, with a total nominal amount of RM150 million and a 179-day tenure starting from July 14, 2025. "The proceeds will be utilised for financing of disbursements to customers in the ordinary course of business of providing consumer financing based on Shariah principle, financing expenses relating to the ICP programme, and refinancing any existing and future Islamic financing facilities of the issuer,' it said in a Bursa Malaysia filing. - Bernama
