In recent months, Ethereum (ETH) has felt heavy bearish pressure. Falling from over $4,000 in December 2024 to current levels near $1,572, almost a 60% decrease in price. It has formed a descending channel on the daily chart, which indicates that downward momentum continues. While volume has fallen 33.25% in the last 24 hours, ETH price has increased by 4.288% in the same period. Is Ethereum gearing towards recovery, or will the bearish forces continue to dominate? Ethereum Price Analysis The price action shows a very long downtrend, beginning in December 2024. After reaching highs around $4,000, ETH has continuously…
Author: cryphedge
Argentina’s lower house of Congress on Tuesday voted to launch an investigation into senior government officials linked to the controversial Libra token, which collapsed shortly after President Javier Milei promoted it on social media earlier this year.Lawmakers approved the motion with 128 votes in favour, 93 against and seven abstentions. The commission, which failed to gain traction in the Senate previously, will examine potential misconduct surrounding the token’s launch and subsequent crash.“It is our duty to demand political explanations; to comply with democratic rules so that they can survive and build a network of trust,” said Representative Oscar Agost Carreño…
Bitcoin and Ether fell sharply during early Asian hours on Wednesday as fears of a prolonged US-China trade war deepened, with investors bracing for President Donald Trump’s sweeping new tariffs to take effect.Crypto markets, like equities, reacted to mounting uncertainty, with any hopes of a near-term tariff concession fading fast ahead of a looming deadline.Bitcoin dropped 5.6% to $75,523 while Ether slid 10.7% to $1,417. The broader cryptocurrency market also came under pressure, with total market capitalization falling 7.2% to $2.4t in the last 24 hours, despite scattered gains in some altcoins.Investor confidence weakened further after the White House confirmed…
Ripple Labs, a crypto firm that powers the XRP cryptocurrency, has announced its strategic acquisition of Hidden Road for $1.25 billion. The acquisition is one of the biggest deals in the cryptocurrency landscape. With this purchase, Ripple becomes the first crypto-focused firm to own and control, an international, multi-asset brokerage firm. Hidden Road is one of the quickest rising prime brokers across the globe, providing financial institutions with all-one shop of high value-added services, including clearing, prime brokerage, and financing across crypto assets, fixed income, swaps, derivatives, and foreign exchange (FX). Today, @Ripple announced the acquisition of Hidden Road for…
CoinShares head of research James Butterfill called the infamous “Bitcoin death cross” indicator “total nonsense,” citing historical data suggesting that these events often precede positive returns rather than prolonged declines.Butterfill made the statement in an April 8 post, one day after Bitcoin (BTC) registered a death cross pattern. On April 7, BTC’s 50-day simple moving average (SMA) declined to $86,485.72, falling below the 200-day SMA at $86,839.64. Assessing 11 past death cross occurrences, Buttefill discovered that BTC usually registers slight losses within one month after the event. However, median and mean values for the following three and six months are positive.A…
As the crypto market gears up for a potential bull run in 2025, savvy investors are scanning the horizon for the best crypto to buy for 100x returns. While Bitcoin and Ethereum continue to lead the market, the real action is in the altcoin sector — where under-the-radar projects are showing exponential promise. Among these emerging tokens, Kaanch Network has quickly gained traction as a breakout contender. Why 2025 Could Be the Year of the Altcoin Following a consolidation period through 2024, market sentiment is shifting. Institutional money is re-entering the space, and retail investors are on high alert for…
Economic tensions are still putting pressure on the crypto market. Tariffs introduced by the Trump administration have led declines in many altcoins, including Ethereum, which is currently struggling and trading in a bearish zone. Analysts predict Ethereum’s price may stay within a narrow range if these economic conditions continue. However, there is potential for a recovery soon, as large investors appear to be buying more, despite Ethereum’s recent drop below $1,500.Ethereum’s Whale Pressure Skyrockets Over 500%Ethereum’s price has dropped below $1,500 due to increased bearish pressure, triggered by Trump’s announcement about tariffs. This situation has caused a significant sell-off, with…
The cryptocurrency market has made a slight recovery since its crash on Monday, Apr. 7. Bitcoin (BTC) is moving closer to reclaiming the $80,000 price point. The global crypto market cap has risen 2% in the last 24 hours to $2.6 trillion. Ripple’s XRP token and Binance’s BNB coin also follow the recovery trend.Also Read: GCC: 7 Gulf Nations Plans To Launch Unified Currency, Ditch US DollarRipple’s XRP and Binance’s BNB In The GreenSource: Watcher GuruXRP has rallied by 8.1% in the last 24 hours and 215.8% since April 2024. Despite the rally, XRP’s price is down 10.9% in the…
The Federal Deposit Insurance Corporation (FDIC) is formalizing a more permissive and transparent framework for US banks engaging with crypto, including the use of public, permissionless blockchains.In remarks delivered at the American Bankers Association Washington Summit on April 8, FDIC Acting Chairman Travis Hill addressed the agency’s evolving stance on crypto-related activities.Guidelines for engagement with public blockchainsOne key area under review involves the interaction between regulated banks and public, permissionless blockchains. Hill acknowledged that while jurisdictions outside the US have permitted banks to use public chains for several years, US banking regulators have maintained a significantly more cautious posture.The FDIC…
If XRP hits the $10 price target, it could unlock diverse investment opportunities for early adopters, enabling them to reinvest strategically across traditional and alternative assets. Investors benefiting from XRP’s rise could use their profits to eliminate personal debts, such as loans and credit card balances, paving the way for long-term financial health. XRP from Ripple appears to gain significant traction in worldwide markets which has motivated numerous investors to watch the projected price increase to $10. Ripple proves successful in stablecoin development and emerging Exchange-Traded Fund systems as the rising XRP token power opens diverse financial prospects. The achievement…
