Recently, Ethereum experienced a downside correction after failing to clear the $3,880 resistance level. This led to a drop in price below $3,840 and the 100-hourly Simple Moving Average. Additionally, a key bullish trend line with support near $3,830 was broken on the hourly chart of ETH/USD, indicating a bearish sentiment in the market. As
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XRP price recently faced a setback as it failed to sustain its upward momentum near the $0.5320 resistance zone. This led to a downside correction with the price now testing the $0.5180 support level and potentially even reaching the $0.5120 support zone. The bears appeared after the price spiked above $0.5300 and formed a high
Following the recent surge in Bitcoin’s price, long-term holders are once again in profit. According to a market report by Glassnode, the total volume of long-term holder (LTH) supply held in loss is negligible, with only 0.03% of LTH acquiring above Bitcoin’s current price. These long-term holders purchased their Bitcoin holdings at the 2021 cycle
The anticipation surrounding the launch of spot Ethereum ETFs has been met with delays as applicants navigate the regulatory process. SEC chair Gary Gensler emphasized that the timeline for these launches is contingent on how promptly applicants address the regulator’s queries and provide justifications for approvals. Companies are driven to respond to SEC comments in
Tokenization is a concept that has been gaining traction in the financial industry, with its potential to revolutionize the way traditional assets are processed and managed. Nadine Chakar, the global head and managing director of DTCC Digital Assets, recently testified before the House Financial Services Subcommittee on Digital Assets about the transformative power of tokenization.
In the world of cryptocurrency trading, centralized exchanges (CEXs) have long been the dominant force, overshadowing their decentralized counterparts. Despite the growing popularity of decentralized platforms, CEXs continue to play a crucial role in the market. Market Sentiment Insights One of the key advantages of centralized exchanges is their ability to provide valuable insights into
In a recent announcement, Robinhood revealed its plans to acquire Bitstamp, a global crypto exchange, for a hefty sum of $200 million in cash. This strategic move is aimed at strengthening Robinhood’s position in the crypto market and expanding its offerings to a wider audience across different regions. Bitstamp, founded in 2011, operates in various
The US spot Bitcoin Exchange-Traded Funds (ETFs) have been experiencing a surge in inflows, setting a record with 17 consecutive days of net additions. A notable Tuesday saw these ETFs receive an impressive $886.6 million, making it the second-highest single-day inflow since their inception. Following this, another substantial inflow of $488.1 million was recorded, with
XRP price has been slowly inching higher above the $0.5200 zone, facing resistance near $0.5320 and possibly correcting lower in the coming days. Despite attempting a fresh increase above the $0.5250 zone, the price is now hovering above $0.5220 and the 100-hourly Simple Moving Average. However, there was a concerning break below a key bullish
As of now, the price of Dogecoin is seeing a rise above the $0.160 resistance zone against the US Dollar. It is trading above the $0.160 level and the 100-hourly simple moving average. There is also a key bullish trend line forming with support near $0.160 on the hourly chart of the DOGE/USD pair. If