XRP reportedly reached a distribution phase as whales sell off assets to secure profit after a “US crypto reserve-triggered rally” forced a sharp upsurge. XRP reserve on Binance is reported to have increased from 2.72 billion to 2.90 billion, signaling an increased selling pressure. XRP recorded a staggering surge of 35% after US President Donald Trump announced its inclusion in the crypto strategic reserve, as explained in our last analysis. Soon after, the asset took a nosedive to $2.2 before making a marginal surge to $2.3. However, its 24-hour return remains 10% down, dragging its market cap to $138 billion.…
Author: cryphedge
XRP’s inclusion in the crypto strategic reserve is looked at as a monumental step that could bolster the strength of the platform. With this, the price of XRP triggered a massive upswing and cleared a couple of resistance zones at $2.27 and $2.89. However, the bears seem to have capitulated the zones around $3, which triggered a rejection and the confirmation of tariffs on Canada & Mexico dragged the levels by more than 20%. Currently, the bulls are trying hard to elevate the levels above the previous day’s close, but the bears are offering significant pressure, keeping the price restricted below…
US lawmakers are preparing a Congressional Review Act (CRA) that will challenge the Internal Revenue Service’s (IRS) broker rules, which require DeFi participants to report user data to the agency.Fox Business reporter Eleanor Terrett revealed on March 4 that Republican Senator Ted Cruz is leading efforts to introduce the CRA. The initial vote was set for March 5, but scheduling conflicts, including the upcoming State of the Union address, may cause delays.According to Terrett:“This CRA, if passed with a simple majority in both chambers, would repeal the US Treasury’s IRS broker rule which expands the definition of a ‘broker’ to…
XRP, the 4th biggest cryptocurrency in the market, is currently trading at $2.36 with a market cap of $136 billion. However, the increased price fluctuation in the crypto market has resulted in an 11% pullback in XRP over the past 24 hours. Nevertheless, the 7-day returns for XRP remain positive at 6.14%. The volatility in XRP is testing a crucial support level, hinting at a potential revealing XRP at a crucial crossroads. Will the bearish dominance in the overall market result in a pullback in XRP under the $2 psychological mark? Let’s find out. XRP Technical Analysis In the daily…
Currently, XRP is trading at $2.34 after an 11.38% decrease in the last 24 hours and a 16.25% drop over the past 30 days. This recent pullback comes amid a dynamic market environment where short-term recoveries can be quickly reversed. XRP Price Analysis Over the last 30 days, XRP has been down 16.25%, which indicates that despite some recent volatility, the longer-term trend is still showing downward pressure. This mixed picture suggests that while there might be opportunities for a short-term rebound, investors should be cautious given the overall bearish momentum in the broader trend. Oscillators and Momentum Indicators Currently,…
While the cryptocurrency market has been volatile, the industry has continued to file for exchange-traded funds (ETF). Altcoins have been the latest to capture the attention of prominent firms. More recently, for the listing and trading of Bitwise Asset Management Dogecoin ETF shares, NYSE Arca has submitted a proposed rule modification. Amidst this, the community was set to witness a price surge if the above ETF gets an approval from the US Securities and Exchange Commission (SEC).Also Read: Trade War Begins: List Of Tariffs That Went Live Today Under Trump’s RegimeHow Is Dogecoin Trading At The Moment?Source: Watcher GuruDespite its…
Mutuum Finance (MUTM) is gaining attention among major investors looking for high-growth opportunities. With a presale price of just $0.015, early buyers are securing their positions before the token’s value climbs in later phases. The project’s decentralized lending platform offers real-world utility, making it more than just another speculative asset. As demand rises and whales accumulate, many see MUTM as a rare opportunity for significant returns.Mutuum Finance Presale Sees Rapid GrowthMutuum Finance’s presale is moving rapidly, with nearly $2 million raised and over 3,700 holders securing their positions. The token price is set to rise in the next phase, providing…
As liquidations in the crypto market rise up to a billion dollars, Solana is witnessing a massive crash. The sudden surge in bearishness in the crypto market undermines the weak recovery in the SOL price trend, resulting in a pullback under $140. Currently, Solana trades at a market price of $136 with a market cap of $69 billion. As the sixth biggest cryptocurrency, Solana is down nearly 16% in the past 24 hours. Will the declining trend in Solana result in a breakdown of the $120 support level? Solana Price Analysis In the daily chart, the Solana price trend reveals…
The cryptocurrency market is currently projecting a dual position. On one hand, the markets noted a sudden sharp rise, primarily due to the announcement of a crypto reserve under works by Donald Trump. Soon after the announcement, the markets documented a sharp correction as possible trade war fears gripped the market hard. Will this market be receptive to meme coins like Dogecoin (DOGE), DogWifHat (WIF), and Pepe (PEPE), helping them soar to new highs? Let’s find out.Also Read: Dogwifhat Soars 21% as Whales Invest Millions—Is $1 Next for WIF?Price Forecasts of Three Major Meme Coins1. Dogecoin (DOGE)Source: Watcher GuruDogecoin is…
Bybit CEO has said that 20% of the $1.4B stolen from the exchange is now untraceable. Hackers converted $1B in ETH to BTC via THORChain and spread it. So far, 11 bounty hunters have assisted in freezing $42M of the stolen funds. In a stunning update, Bybit CEO Ben Zhou has revealed that $280 million of the $1.4 billion stolen from the cryptocurrency exchange in the February hack has vanished into untraceable channels. 3.4.25 Executive Summary on Hacked Funds: Total hacked funds of USD 1.4bn around 500k ETH, 77% are still traceable, 20% has gone dark, 3% have been frozen.…
