XRP, alongside the Ripple ecosystem, may be on the verge of a major change following a new leadership shift. Ripple’s chief technology officer (CTO), David Schwartz, has announced his departure from the top role after 13 years of service. According to Schwartz’s tweet, he will retire from the day-to-day duties as Ripple CTO by the […]
Around $165 billion has entered the crypto market over the past 24 hours, pushing total capitalization to $4.16 trillion, a little shy of its all-time high as digital asset momentum returns. “Risk appetite is incredibly strong,” and at near record levels, observed the Kobeissi Letter, commenting on leverage equity exchange-traded funds. That risk has extended […]
Ethereum’s price is rebounding aggressively after the recent decline from the $4,800 area. Investors are now hopeful for another push toward the $5,000 level and beyond in the coming weeks. Technical Analysis By Shayan The Daily Chart ETH has successfully defended the $4,000 support zone, bouncing from the area. This zone overlaps with the 100-day […]
The United States government has shut down due to a failure to pass funding legislation, affecting many federal services and furloughing non-essential workers; however, essential services will continue. Crypto markets appear to have taken this in their stride with very little movement in most digital assets over the past few hours. Total capitalization is holding on […]
The Turkish government is drafting legislation to expand the powers of its financial crime watchdog, Masak, allowing it to freeze and restrict access to bank and cryptocurrency accounts. The bill is designed to curb money laundering, fraud, and “rented” accounts used for illegal betting, Bloomberg reported on Monday, citing anonymous sources. Intergovernmental watchdog, the Financial […]
Amidst a broader market downturn, Bitcoin investment products faced $719 million in outflows over the past week, but there was no significant uptick in short-bitcoin product demand. This meant that bearish sentiment may lack conviction and could prove short-lived. Crypto Funds Shed $812M Across the broader digital asset market, outflows reached $812 million, driven by […]
TL;DR Bitcoin’s price crashed hard in the past week, going from over $115,000 to under $109,000 at one point. However, the asset managed to remain above a key support level, which could send it flying toward its all-time high of over $124,000. Crash Won’t Stop BTC (For Now) When we zoom out for just a […]
The SEC and FINRA have launched an investigation into suspicious trading activity before publicly traded companies announced plans to acquire crypto. Regulators believe some investors may have profited from having prior, non-public knowledge of these crypto-treasury announcements, potentially violating fair disclosure rules. Possible Breach of Fair Disclosure Rules The investigation focuses on publicly traded digital […]
TL;DR Dogecoin whales have resumed their selling spree, which could spell even further trouble for the meme coin’s future price trajectory. At the same time, a popular analyst outlined the next key support zone if the one DOGE is fighting for now cracks. A lot can change in the cryptocurrency markets in the span of […]
TL;DR Ethereum’s inability to decisively reclaim the crucial $4,000 resistance could result in a more painful price drop to and even below $3,500, said Ali Martinez. In contrast, other analysts remain optimistic about its future trajectory, outlining that Q4 and Q1 are just around the corner, periods that have been historically very bullish for ETH […]