The cryptocurrency market continues to exhibit volatility, with TRON (TRX) down 4% after recently capturing attention with a notable spike to near $0.26. TRX has pared gains as top coins also look to retain positive movements at key levels. If profit-taking falls, downside pressure on the price of Tron could decrease significantly. While Bitcoin and Ethereum hold above $85k and $1.6k, respectively, TRON (TRX) is trading at approximately $0.24. In the last 24 hours, the price of Tron has dropped more than 4%, trimming weekly gains to 7% and reflecting short-term profit taking. The downturn in the past day follows…
Author: cryphedge
South Korea’s Financial Intelligence Unit (FIU) has taken fresh action against offshore crypto exchanges operating without regulatory approval.In a new directive issued on April 14, the agency asked Apple to restrict access to 14 mobile applications linked to unregistered digital asset platforms on its App Store.The FIU’s list includes major exchanges such as KuCoin, MEXC, Phemex, BitMart, CoinEx, Poloniex, BitTrue, Blofin, CoinW, BTCC, ZoomEX, and CoinCatch.This enforcement follows the FIU’s similar move two weeks earlier against unregistered crypto apps on the Google Play Store.According to the agency, these platforms failed to register under South Korea’s digital asset regulations, which require…
Bitcoin at $85,631 records an intraday recovery of 1.24%. This marks a bullish continuation after a price surge of 1% on Monday. This week, Bitcoin has created two consecutive bullish candles, surpassing the 200-day EMA line at $85,000. With this new recovery rally, is Bitcoin heading towards the $87,000 level breakout? Let’s find out. Bitcoin (BTC) Price Analysis In the daily chart, the BTC price trend has surpassed the local resistance trendline. Furthermore, the V-shaped recovery in Bitcoin starting from the $76,000 mark has concluded the long pullback phase. Bitcoin Price Chart Currently, the trendline breakout rally in Bitcoin is…
As the broader market recovers, Tron is preparing for a significant breakout rally. Currently trading at $0.25, TRX is down 1.43% in the past 24 hours After months of consolidation, the recent price analysis shows increased bullish potential in TRX. Could breakout momentum push TRX towards $0.45? Tron (TRX) Price Analysis On the daily chart, the Tron price action shows a significant bullish pullback while testing the $0.25 level. This level is around the top of the consolidation zone that has been formed since February, with the base of the zone around $0.21. Tron has completed a long correction phase…
As of April 14, 2025, the cryptocurrency market continues to evolve and value is now defined by more than just a simple price action or established utility. XRP is diversifying niche markets in cross-border payments and currently sits at $2.16. Cardano (ADA) is also building a robust $0.6614 platform, and not without challenges to traditionalism is a new wave of presale projects. FloppyPepe (FPPE), with its unique focus on artificial intelligence and a staggering presale price of $0.0000002, begs attention and raises questions about how precisely value is defined in the crypto world. Investor Focus Shifting: Presales vs. Proven Players…
Despite entering the market as a joke, the prominent meme coin Shiba Inu (SHIB) managed to catch the attention of the entire market. While the asset’s recent price rut has been a major setback for its investors, the SHIB team has been working on boosting its utility. Several cryptocurrencies fail to make it big due to lack of utility. But the Shiba Inu network has been continuously developing the ecosystem. Through this, the community is confident about the asset’s uptick in the future.Also Read: MicroStrategy Buys 3,459 More Bitcoin Worth $285.8M – Saylor Now Holds 531,644 BTCHow High Is Shiba…
One hundred days after the Markets in Crypto-Assets (MiCA) framework took effect, most of the crypto industry is still racing to catch up.On April 14, Circle’s executive Patrick Hansen, citing data from the European Securities and Markets Authority (ESMA), reported that only 11 stablecoin issuers and 15 crypto-asset service providers (CASPs) had received authorization.The low figures underline the sector’s ongoing struggle to meet MiCA’s compliance requirements.Hansen emphasized that without a MiCA license, crypto firms cannot passport their services across the 30 countries in the European Economic Area (EEA). This restriction is driving companies to accelerate their licensing efforts.However, Hansen identified…
SEC delays decision on WisdomTree’s in-kind model for spot Bitcoin ETF until early June. WisdomTree expands crypto ETP offerings across major networks and indices. The latest decision from the United States Securities and Exchange Commission (SEC) has again caught the attention of crypto market players. This time, the regulator has chosen to delay approval of a proposal from Cboe BZX that wants to introduce an “in-kind” creation and redemption scheme for WisdomTree’s Bitcoin spot ETF product. In fact, this scheme is considered to be able to provide better tax efficiency and minimize transaction costs. Even so, the SEC has not…
Cardano (ADA) price has gradually followed the ongoing Bitcoin (BTC) bullish sentiment, catalyzed by Gold’s meteoric growth. In the past seven days, ADA price gained over 10 percent to trade at about $0.645 on Tuesday, April 15, during the mid-London session.Similarly, Cardano’s Futures Open Interest (OI) has experienced growth, whereby it increased by around 3.13 percent in the past 24 hours to hover about $632 million.Cardano Whales CapitulateAccording to on-chain data from Santiment, Cardano whales, with a balance of between 1 million and 10 million ADA coins, offloaded more than 100 million coins during the past weeks.As a result, the…
Gibraltar-based Xapo Bank, a private financial institution known for its crypto-focused services, reported a notable uptick in Bitcoin trading activity during the first quarter of 2025.The bank revealed that trading volumes on its platform rose by 14.2% compared to the previous quarter, largely driven by its high-net-worth clients taking advantage of Bitcoin’s price decline to increase their holdings.Bitcoin endured its worst quarterly performance since 2018, ending Q1 down 13%.Xapo Bank Clients Buy the Dip, Betting on Bitcoin’s Long-Term ValueDespite the downturn, Xapo Bank said its affluent members remained confident in the digital asset’s long-term value and actively “bought the dip”…
