[ad_1] XRP price climbed higher and tested the $0.4840 resistance zone. The price corrected gains but the bulls are able to protect the $0.4750 support. XRP price is eyeing an upside break above the $0.4840 resistance zone. The price is now trading above $0.4720 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $0.4760 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might gain bullish momentum if there is a close above the $0.4840 resistance. XRP Price Corrects Gains XRP price started a decent upward move…
Author: dfrancis36
[ad_1] In a significant development, the US Department of Justice’s asset forfeiture division, the US Marshal Service, has chosen Coinbase as its custody provider for large-cap digital assets. Coinbase announced the partnership in a recent blog post, highlighting the agency’s selection of Coinbase Prime to offer custody and advanced trading services for its “Class 1” digital assets managed centrally in support of federal law enforcement efforts. Coinbase Secures Government Partnership The US Marshal Service conducted a thorough due diligence process, considering various solutions, and ultimately opted for Coinbase based on its track record and ability to securely provide institutional-grade crypto…
[ad_1] Arthur Hayes, the co-founder of crypto exchange BitMEX, has recently offered a comprehensive analysis in his latest essay, “Zoom Out,” drawing compelling parallels between the economic upheavals of the 1930s-1970s and today’s financial landscape, specifically focusing on the implications for the Bitcoin and crypto bull run. His in-depth examination suggests that historical economic patterns, when properly understood, can provide a blueprint for understanding the potential revival of the Bitcoin and crypto bull run. Understanding Financial Cycles Hayes begins his analysis by exploring the major economic cycles starting from the Great Depression, through the mid-20th century economic booms, and into…
[ad_1] The development team behind popular dog-themed meme coin and Shiba Inu competitor, Floki (FLOKI) has issued a critical warning to investors. The Floki team has alerted its community to be vigilant against a new scam attack designed to exploit investors. Scammers Target Floki Investors On June 29, the Floki team took to X (formerly Twitter) to alert community members about the increasing prevalence of scams targeting potential FLOKI investors and current meme coin holders. According to the developers, these scams involve the creation and promotion of fake tokens purported to be legitimate FLOKI coins. The scams claimed that Floki…
[ad_1] Bitcoin has been in a notable state of flux recently after recovering from the crash below $60,000 and establishing support above $61,000. However, with the pioneer cryptocurrency failing to completely beat important resistance points such as $63,500, bearish sentiment continues to dominate the market. Amid this, one crypto analyst has predicted that the Bitcoin crash is far from over, forecasting much lower figures than anticipated. Crypto Analyst Calls Out Possible Bitcoin Crash To $35,000 In a new analysis of the Bitcoin price, crypto analyst Alan Santana has predicted a possible price crash in the near future. The analysis, which…
[ad_1] On-chain data shows the Ethereum long-term holders have recently been increasing their total share of the cryptocurrency’s supply. Ethereum HODLers Currently Carry The Majority Of ETH Supply According to data shared by the market intelligence platform IntoTheBlock in a post on X, the Ethereum long-term holder supply has been on the rise recently. The “long-term holders” (LTHs), as defined by IntoTheBlock, refer to the ETH investors who bought their ETH more than a year ago. Statistically, the longer an investor holds onto their coins, the less likely they become to sell at any point. As such, these LTHs, who…
[ad_1] Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become…
[ad_1] Silvergate Capital Corp., the parent of the now-collapsed crypto-friendly Silvergate Bank, and its top former executives have agreed to pay a combined $63 million as civil penalties to settle charges with the federal and California regulators for internal management and disclosure failures, including its dealings with crypto exchange FTX.Hefty Fine for Years of NegligenceAs announced yesterday (Monday), California’s Department of Financial Protection & Innovation (DFPI) imposed a civil penalty of $20 million, with another $43 million imposed by the Federal Reserve Board. The Securities and Exchange Commission (SEC) imposed an additional penalty of $50 million, which will be offset…
[ad_1] The Bitcoin and general crypto market crash has sent investors spiraling and sentiment has completed been eroded as a result of this. The Crypto Fear & Greed Index, which measures investor sentiment, has plummeted during this time. But with the fluctuation in the Bitcoin price, investors remain indecisive on their view of the market. Crypto Fear & Greed Index Struggles At Neutral The Crypto Fear & Greed Index uses a number scale to show how investors are viewing the market at any given time. It takes into account a number of indicators, ranging from volatility to social media sentiment,…
[ad_1] The knitted-hat-wearing canine of the crypto world, Dogwifhat (WIF), is back in the spotlight. After a price slump in April, WIF has rekindled its meme magic, surging 21% in the past week and reigniting dreams of a $5 price target. WIF price action. Source: CoinGecko Related Reading Wags And Trades: A Market Rejuvenated The rally has been fueled by a potent cocktail of factors. Renewed interest from traders on both Spot and Derivatives markets has seen WIF’s daily trading volume explode, surpassing a staggering $507 million. This surge in liquidity indicates a market eager to jump back on the…