[ad_1] XRP price struggled to recover above the $0.480 resistance zone. The price is again moving lower and might drop below the $0.4680 support. XRP price failed to extend gains above the $0.4800 resistance zone. The price is now trading below $0.4750 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $0.4720 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might again face rejections near $0.4720 and $0.480. XRP Price Retreats XRP price attempted a recovery wave above the $0.4720 level like Bitcoin and Ethereum. However,…
Author: dfrancis36
[ad_1] In a surprising turn, former President Donald Trump has positioned himself as a strong advocate for cryptocurrencies, pledging to champion financial innovation and deregulation in the industry. As the 2024 election approaches, Trump’s pro-crypto stance has gained significant attention, reflected in the betting odds on prediction markets like Polymarket, where he is currently favored to win. Polymarket Favors Donald Trump As ‘Crypto President’ Trump’s pledge to end the so-called “war on crypto” has resonated with many disillusioned by the current administration’s policies. Additionally, his acceptance of campaign donations in cryptocurrencies like Bitcoin, Ethereum, Shiba Inu, and Dogecoin demonstrates his…
[ad_1] Ethereum price struggled to recover above the $3,420 resistance zone. ETH is consolidating and might decline again if there is a move below $3,320. Ethereum is struggling to gain pace for a move above the $3,420 zone. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $3,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $3,400 and $3,425 resistance levels to continue higher. Ethereum Price Faces Hurdles Ethereum price started a decent recovery wave above the $3,320 level.…
[ad_1] Hong Kong is positioning itself as a leader in the global fintech landscape by focusing on crypto-related sectors such as decentralized finance (DeFi) and the Metaverse. Recent government-backed studies conducted by the Hong Kong Institute for Monetary and Financial Research (HKIMR), part of the Hong Kong Academy of Finance (AoF), have underscored the importance of these digital frontiers in shaping the future of finance in Hong Kong. The reports released on June 25 analyze the impact and potential of DeFi and Metaverse technologies, highlighting their rapid growth and emerging opportunities. Hong Kong’s Push Into DeFi And The Metaverse The…
[ad_1] In a recent surge of online discussion, renowned crypto analyst and entrepreneur Willy Woo has made headlines with his optimistic prediction for Bitcoin’s future on Elon Musk’s social media platform, X. Woo suggests that Bitcoin, already gaining traction among traditional financial circles as an emerging asset class, could see exponential growth. He argued that if Bitcoin continues to be perceived at the scale of major asset classes, traditionally valued in the tens of trillions of dollars, it could potentially increase in value tenfold in the coming years. Related Reading Current Market Dynamics and Predictions Woo’s insight comes at a…
[ad_1] An analyst has explained when Bitcoin could grow large enough to rival even the US Dollar (USD) based on its historical adoption curve. Bitcoin Needs To Grow Its Adoption This Much To Challenge The USD In a new post on X, analyst Willy Woo has discussed what the expectation around the original cryptocurrency has been building up to in financial circles recently. “The financial world now believes Bitcoin is a fast emerging asset class,” says Woo. At present, though, the coin only has a total market cap of around $1.2 trillion, while the analyst notes that asset classes are…
[ad_1] A top analyst known for making timely altcoin calls believes that Pepe (PEPE) and another fellow memecoin are primed for massive rallies. Pseudonymous analyst Bluntz tells his 263,500 followers on social media platform X that PEPE looks ready to ignite a five-wave surge. Bluntz relies on the Elliott Wave theory, which states that a bullish asset tends to witness a five-wave rally after completing an ABC correction. The analyst shares a chart showing that PEPE has already completed an ABC corrective move and is ready for a rally en route to $0.0000145. “Liking PEPE here, can see a nice…
[ad_1] Dogecoin (DOGE) whales look to have used this recent price crash as an opportunity to accumulate the foremost meme coin. This provides a positive development for Dogecoin, and the meme coin has already reacted positively, seeing how its price has recovered in the last 24 hours. Dogecoin Whales Accumulate More DOGE Data from the market intelligence platform IntoTheBlock shows that Dogecoin witnessed $1 billion in large transactions these past few days. Large transactions refer to ones that involve $100,000 worth of Dogecoin or more being traded. An increase in the large transactions suggests that whales are either accumulating more…
[ad_1] Coinbase announced a remarkable first quarter, with revenue reaching $1.6 billion, marking a substantial 72% increase from the previous quarter and a significant rise from $736 million in the same period last year. The company also reported a notable swing in net income, posting $1.18 billion for the quarter compared to a loss of $79 million in the previous year’s corresponding period. Additionally, Coinbase generated $1.01 billion in EBITDA, surpassing expectations with earnings of $4.04 per share, exceeding the consensus estimate of $1.15 per share. The surge in revenue reflects Coinbase’s strategic investments in product expansion, operational discipline, and…
[ad_1] Popular cryptocurrency exchange, Bitrue has urged investors to go all in on XRP, suggesting the cryptocurrency’s potential to surge dramatically to new levels. The crypto exchange’s promotion of the declining digital asset has triggered a significant backlash from various crypto community members. Bitrue Advocates Full Investment In XRP Bitrue has advocated for crypto community members to fully invest in XRP, the native token of the XRP Ledger (XRPL). The crypto exchange expressed bullish sentiment for XRP, using the infamous rocket emoji at the end of their post to signify a potential for a significant bull run for the cryptocurrency.…