Ripple’s XRP recently experienced a notable surge in price, rallying to a four-month high of $0.66. However, this upward momentum was short-lived, as the bears quickly took control, causing the price to drop to around $0.56. This 14% decline from its local top has left many investors concerned about the future trajectory of XRP. Veteran
Crypto
Ethereum faced a challenging week as it experienced a 3% loss in its price. The support level at $3,300 was lost, now acting as a key resistance. The current support has shifted to $2,800, indicating a bearish trend. The MACD and RSI indicators also suggest that sellers have the upper hand in the market. Buyers
In recent months, the decentralized finance (DeFi) sector has been experiencing a notable resurgence, with key metrics such as active loans and total value locked (TVL) showing significant growth from their lows in 2023. DeFi lending, which allows investors to lend their crypto assets in exchange for interest, serves as a crucial indicator of participation
In the aftermath of the Bitcoin2024 conference, Bitwise CIO Matt Hougan has made a daring call to crypto investors, urging them to reconsider the potential upside of Bitcoin. Despite the market’s historic concerns about downside risks and volatility, Hougan believes that recent developments at the conference indicate that the market is not bullish enough about
The recent data concerning Ethereum ETFs in the US has shown a concerning trend of net outflows, with a total of $77.21 million leaving the market on Wednesday. This comes as Ether’s price struggles to stay above the $3,200 mark, signaling a lack of confidence among investors in the cryptocurrency. One of the most significant
Meme coins, once the talk of the town in the crypto world, are now facing a significant cooling off period in the second quarter of 2024. Recent findings suggest that only a select few meme coins have managed to record gains in the past 30 days, with lesser-known tokens taking the spotlight. The frenzy around
XRP made significant gains on Wednesday, reaching $0.66 and marking an 8% increase over the past 24 hours. This surge, from $0.60 to $0.66, represents a level that has not been seen since the third week of March. The sudden upward movement in price coincides with key developments in the XRP ecosystem and a renewed
In recent days, the cryptocurrency market has experienced increased volatility, leading to shifts in investor sentiment. Bitcoin (BTC) is a prime example, having reached nearly $70,000 on July 29, only to drop below $66,000 the following day. Currently, BTC is trading around $66,300, according to data from CoinGecko. This correction was further fueled by news
BlackRock has recently stated that they do not have any immediate plans to launch a Solana (SOL) ETF, despite the immense success of their Bitcoin and Ethereum spot ETFs that were introduced earlier this year. This decision leaves a gap for other asset managers to step in and compete in this area, with some already
21Shares, a subsidiary of 21Shares AG, recently made headlines by announcing the integration of Chainlink Proof of Reserve on the Ethereum mainnet. This move aims to reinforce the transparency of the Ethereum reserves that back the 21Shares Core Ethereum ETF (CETH). By leveraging Chainlink’s decentralized computing platform, 21Shares intends to provide investors with a clearer
