October 12 is shaping up as an important day for Ripple’s cross-border token as Evernorth begins trading on Nasdaq with a treasury of roughly 473 million tokens. Meanwhile, analysts are watching whether the asset can stabilize around $1.40 and reclaim the next key level at $1.50 before it can aim at even higher targets. 473M […]
The spot exchange-traded funds tracking bitcoin experienced their worst week in terms of outflows since the end of June, which became one of the reasons behind the underlying asset’s major correction. Although the net outflows from the spot Ethereum ETFs were slightly less, the overall ETH picture is worse given the lack of any green […]
Bitcoin is trading around $83K after the rejection from the $86K to $90K resistance zone weakened short-term structure, while the Coinbase Premium Index has turned sharply negative, suggesting US-based buying demand may be fading. BTC is attempting to stabilize, but buyers need to reclaim nearby resistance to improve the outlook. Bitcoin Price Analysis: The Daily […]
Most major cryptocurrencies tanked over the past several days, led by bitcoin’s nosedive from $87,000 to under $81,000, which became its lowest price tag in well over two weeks. Large altcoins such as XRP and ETH were not spared, with the former posting a double-digit decline over the past seven-day period. The question now is […]
The weekend is going relatively calmly for bitcoin and most of the crypto market, as is typical, but another macro event in the past several hours threatened to disrupt that. Yemen’s Houthis reportedly attacked the King Khalid International Airport in Riyadh, Saudi Arabia, with at least 12 people killed and over 300 injured. Saudi Arabia’s […]
Ethereum is trading near $2.5K after a sharp correction from the $2.7K resistance area, with the latest price action putting a key support zone under pressure. While ETH remains above its daily 100-day and 200-day moving averages, weakening momentum and a recent rebound in the exchange supply ratio suggest that traders should watch for further […]
XRP is attempting to stabilize after a sharp correction from its September highs, with the price currently trading around $1.40. While buyers have managed to trigger a rebound from the $1.30 support area, the broader technical picture remains mixed. XRP needs to claim nearby resistance to continue the recovery, while another rejection could expose lower […]
On-chain researchers estimate that somewhere between $72 million and $86 million may have been stolen, as Ledger begins investigating reports of these major crypto losses from users who bought hardware wallets from an authorized Southeast Asian reseller. The hardware wallet manufacturer said there is no indication that its own infrastructure, systems, or services were compromised. […]
Bitcoin’s on-chain regime model from BIT has returned to a 67% net-long position for a second consecutive month, with five indicators now in territory historically associated with bull markets. The reading suggests a potential recovery in Bitcoin’s cycle, although a recent $7,000 price decline and two important on-chain price levels leave room for further weakness. […]
Binance will restrict eight products and services and delist 22 tokens for users in Brazil from October 27 as it restructures its local operations to comply with Central Bank regulations. The changes also move customers’ Brazilian-real operations to a locally authorized payment account, while new reporting requirements for international crypto transfers take effect on November […]