Latest news with #InternetComputer
Yahoo
18 hours ago
- Business
- Yahoo
ICP Falls Sharply From $5.76 High Amid Renewed Bearish Pressure
Internet Computer (ICP) experienced a sharp reversal after climbing to $5.76, with the token falling to $5.59 under renewed bearish pressure. The move capped a volatile 24-hour window in which prices swung between $5.28 and $5.76 - a range of 8.3%, according to CoinDesk's techincal analysis data model. Bulls briefly pushed prices to the upper end of the corridor before bears reasserted control, sending prices lower on rising volume. Heavy selling emerged after the price touched $5.76, with a 42-minute slide to $5.66 forming a notable rejection. Volume surged earlier in the day, with a key upward move from $5.28 to $5.72 driven by 897,725 tokens traded - well above the daily average. Despite the rally, momentum faded quickly once resistance was retested. While the price action showed clear technical rejection near upper bounds, Internet Computer remains fundamentally strong. ICP leads all blockchains in GitHub development activity, surpassing Chainlink and Filecoin, Santiment said in its latest monthly ranking. ICP's development lead underscores persistent ecosystem growth and team commitment, even as market participants appear hesitant to chase recent price highs. Analysts point to the confluence of technical resistance and a cautious broader market as drivers of the retreat. Technical Analysis Price Range: Swung between $5.28 and $5.76, an 8.3% intraday spread. Resistance: $5.76 capped upside momentum with visible rejection. Support: Strong support confirmed at $5.28 amid early accumulation. Volume Spike: 897,725 tokens traded during rebound from intraday low. Sell-Off Window: Declined from $5.76 to $5.66 between 15:08–15:50 UTC. Near-Term Support: $5.66 emerged as a floor following bearish move. Trading Activity: Final minutes saw trading volume fade, signaling pause. 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
Yahoo
3 days ago
- Business
- Yahoo
Internet Computer Slides Amid Broader Altcoin Pullback
Internet Computer (ICP) dropped 4.85% to $5.9149 on Tuesday, posting a low of $5.81 after peaking at $6.25 the previous day. Despite bullish headlines - a new partnership between Internet Computer developers DFINITY Foundation and indexing firm Maestro - the token succumbed to broad market rotation out of altcoins, including AI- and DeFi-linked assets. Read more: Solana Defies Market Drop, Touches $200 as Altcoins Retreat: Crypto Daybook Americas Maestro's infrastructure, funded by DFINITY, aims to build a Bitcoin metaprotocol index on the Internet Computer, enabling institutional-grade access to Ordinals and Runes, two of the most prominent primitives in the Bitcoin DeFi ecosystem. However, technical action reflected a more pessimistic short-term outlook. After opening at $6.2230, ICP steadily declined, breaking below $6.00 around 01:00 UTC and accelerating losses toward $5.83 support. Volume swelled above 1.3 million tokens during this segment, signaling large selling pressure, according to CoinDesk's technical analysis data model. ICP fell 2% from $5.97 to $5.87 during the U.S. morning, with concentrated sell pressure visible as the price pierced multiple support zones. Despite a brief rebound attempt near $6.02, the token failed to reclaim bullish footing, suggesting short-term momentum remains with the bears unless the $6.00 resistance is convincingly reclaimed, the data showed. Technical Analysis Highlights Price Range: $5.8105–$6.2488, representing 7.3% intraday spread. Volume: 1.94 million tokens traded; highest during breakdown below $5.90. Resistance: Strong rejection at $6.00–$6.02 range with no sustained breakout. Support: Critical base formed at $5.83–$5.87 amid heavy buying interest. From 13:09 to 14:08 UTC, ICP fell 2%, driven by sharp volume spikes exceeding 50K tokens/minute. Volatility: Full-day spread of $0.4383 reflects heightened intraday instability. 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
16-07-2025
- 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
Yahoo
16-07-2025
- 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.
Business Wire
15-07-2025
- Business
- Business Wire
DFINITY Opens Early Access to Caffeine: A Tool For Anyone to Build Fully Customized and Secure Apps
SAN FRANCISCO--(BUSINESS WIRE)--The DFINITY Foundation today announced the alpha release of Caffeine, offering early access to a new AI platform that simplifies how everyone builds and deploys personalized, secure, and sovereign apps. Following the milestone ' Hello, Self-Writing Internet ' event in San Francisco, which welcomed almost 1000 participants, the Caffeine platform is now open to early alpha users through a phased onboarding process, before a global launch later this year. Caffeine introduces a natural language approach to app development, allowing users to describe what app they want to build in plain language. The platform builds, updates, and deploys working apps in real time. It is designed to make both personal and professional app creation as intuitive and simple as writing an email or sending a text, with no need for coding experience or infrastructure expertise. Caffeine's user experience has been designed with non-technical users in mind, opening up app development to a much broader audience. Unlike existing AI development tools, Caffeine handles everything from secure backend logic to full-stack deployment, enabling everyone to build secure, resilient, and sovereign apps with minimal effort. The platform supports a wide range of use cases, from business tools and workflows to full-fledged digital products, websites, and applications. This serves as a significant step toward a more open, intuitive, and accessible digital economy. DFINITY Founder & Chief Scientist Dominic Williams shared, 'Caffeine unlocks the creative potential of five billion people. For the first time, anyone, regardless of technical background, can build powerful, secure applications just by describing what they want. This is the foundation of what we call the self-writing internet: where imagination becomes application, and AI is the builder. Our long-term vision is simple but radical – anyone with an internet connection should be able to create production-grade apps as easily as sending a text.' As part of the alpha release, Caffeine also introduces an App Market feature, where users can explore, clone, adapt, and iterate on a growing library of starter applications. This feature allows anyone to accelerate everyday use cases by providing customizable templates that can be easily tailored to individual needs. In the future, users will be able to publish and monetize their applications directly through the platform. Caffeine is powered by the Internet Computer, a public sovereign network - primarily developed by the DFINITY Foundation - which offers a higher level of security, sovereignty, and resilience than traditional, big-tech, cloud-based alternatives. Businesses, entrepreneurs, and creators interested in early access can apply via the official website: DFINITY is a not-for-profit organization dedicated to researching and developing the Internet Computer, a network that transforms the Internet into a public sovereign cloud capable of hosting the next generation of software and services. Since 2016, DFINITY has grown into a leading tech R&D organization, employing renowned computer scientists and researchers in Zurich and San Francisco.
