Over a year after announcing the initial plans to complete several deals with the popular crypto exchange Crypto.com, Trump Media, the entity behind Truth Social, has backed off as it has now focused on other internal developments and an upcoming merger. The native token of the platform reacted with an immediate nosedive that pushed it […]
The industry’s biggest legislation has faced yet another setback. The US Senate will not take up the crypto market structure bill before lawmakers leave Washington for the month-long recess, pushing the vote to September instead. Senate Majority Leader John Thune, speaking through a spokesperson, confirmed there will be no vote on the CLARITY Act in […]
Chart analyst ChartNerd flagged an 8.5-year cup-and-handle pattern on XRP this week, arguing that the token is nearing the 0.618 Fibonacci retracement level that could set up a long-term move toward $8, $13, and $27. The outlook arrives while XRP itself sits near $1.06, deep in a correction that has wiped out most of its […]
Bitwise Chief Investment Officer Matt Hougan said the CLARITY Act could fail to pass this week, but that would not mean the end of the legislation or the crypto industry’s progress. The US Senate is scheduled to leave for its August recess on Friday, August 7, and return on September 14. Under Senate rules, lawmakers […]
Crypto analyst ChartNerd said on August 3 that XRP’s prolonged weakness could be setting the stage for a major market repricing. With the token testing long-term support near $1.06 after months of negative sentiment, the market watcher argued that the current decline is part of a wider crypto correction rather than a sign of weakness […]
Bitcoin, the altcoins, and the broader financial markets face another eventful week, with geopolitical developments, key US labor data, major earnings reports, and fresh economic indicators all capable of influencing investor sentiment. The cryptocurrency market is in a fragile place once again. The weekend moves on the war front in the Middle East did little […]
Leading Bitcoin treasury company Strategy’s results for the second quarter show a loss of over $8 billion, while crypto exchange Coinbase reported a 14% quarterly revenue loss. According to the two companies’ latest earnings reports released on Thursday, Strategy lost over $8.23 billion in its operations after recording an unrealized loss of $8.32 billion in […]
Cardano was up by 4% over the past 24 hours after a few choppy sessions earlier in the week. The crypto asset climbed from around $0.164 to above $0.17. The latest uptick has pushed its monthly gains to around 12%. Amidst improving price structure, new data suggests that ADA may be entering a different phase. […]
The broader crypto market posted some much-needed gains in July, and Ripple’s cross-border token extended a very impressive streak that began in 2020. However, the new month is already here, and the past four Augusts weren’t very bullish for the asset. Can XRP defy its painful August performance, or is another leg down looming? 7 […]
Bitcoin tried but failed at $65,000 on several occasions in the past week, and there are now multiple and different signals suggesting that another leg down is on the cards. From war escalation to ETF withdrawals, let’s dive in. Macro Factors Let’s start with the Wednesday developments on US soil when the central bank decided […]