As Ethereum (ETH) trades steadily above the $3,300 mark, market analysts are beginning to predict a potential recovery that could reshape the altcoin landscape. Currently trading at $3,321, ETH's resilience has been notable, especially amidst a broader market correction led by Bitcoin (BTC).
US Crypto Policies Threaten XRP & BTC Trends: Anti-crypto moves by the Biden administration and SEC weigh on XRP prices and BTC adoption potential.
The crypto market today is experiencing a cool-off period with the holiday season in full swing. Bitcoin (BTC) and Ethereum (ETH) have tumbled, with BTC falling below 95K and ETH now down to the 3300 range.
The race for dominance is on, and Ethereum's ability to rise from its current slump will be crucial for its future.
Ripple's XRP is currently consolidating on the larger time frame, with no major price correction. Instead, the market is moving sideways, hinting at a period of consolidation within an overall uptrend. At the time of writing, XRP is down by more than two percent and is trading at $2.17.
Charlie Gasparino, a New York Post columnist and FOX Business Senior Correspondent, shared his thoughts on the regulation of Ripple, expressing that he always believed the scrutiny on the company and its cryptocurrency XRP was unnecessary.
Several big stories and developments have occurred in the crypto space this week, including rumors of a presidential pardon for FTX's Sam Bankman-Fried, EU exchanges delisting Tether's USDT, and Ripple donating $5 million to Trump's Inauguration.
CryptoQuant community analyst Maartunn shared data indicating that the XRP Ledger's (XRPL) velocity has risen in the past few weeks amid heightened activity, suggesting growing utility within the network. Velocity is calculated by dividing a crypto market cap by its transaction volume.
Critical support for XRP is present at the 26 EMA, a level that has been holding the ground for the asset. The assets short-term trajectory will probably be determined by the ongoing battle at this price.
One crypto analyst on X shared on Wednesday an investment thesis that sees the market cap of XRP surging to as much as $1.56 trillion if the token's dominance continues to scale up in the following months.
The cryptocurrency market is a connected ecosystem, and interoperability fuels its development. Cardano, which has a market capitalization of $31.4 billion, and Ripple's XRP, with a market capitalization of $123 billion, could be planning to enter into a symbiotic relationship.
Ethereum is set to surpass $5,500 by 2025, according to Mike Novogratzs Galaxy. The forecast points to DeFi expansion and an NFT revival as pivotal factors driving the altcoins growth, with Ethereum expected to outperform Bitcoin in the process.
The SEC's ongoing legal battle with Ripple over its XRP token is that it is overreaching to regulate the crypto space while leaving more pressing issues such as the Sam Bankman-Fried. Focusing on Ripple could be a concerning precedent for future digital asset regulations in the U.S.
Pro-XRP lawyer John Deaton has criticized a newly finalized crypto tax reporting rule issued by the Biden administration. The rule, titled “Gross Proceeds Reporting by Brokers that Regularly Provide Services Effectuating Digital Asset Sales,” was recently introduced by the IRS.
Ethereum had an underwhelming 2024, underperforming against Bitcoin and many top altcoins throughout the year. While BTC soared to new all-time highs, ETH struggled to reclaim its bullish momentum, leaving investors questioning its position in the market.
The Ripple (XRP) price has broken below the 21-day SMA support and made a low above $2.00. Cryptocurrency price analysis brought by Coinidol.com.
The spot ether exchange-traded fund (ETF) launched by the world's largest asset manager earlier this year now holds a substantial trove of ETH, having recently surpassed one million tokens. According to data from BlackRock's website and the Ethereum blockchain — first spotted by Arkham Intelligence — the iShares Ethereum Trust ETF (ETHA) fund now holds 1.
Mike Novogratz's Galaxy has predicted that the price of Ethereum (ETH), the leading altcoin, will be trading above $5,500 in 2025.
Cryptocurrency markets are trading down on Friday, with Bitcoin falling below the $95,000 mark. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $94,485.63 -1.2% Ethereum (CRYPTO: ETH) $3,358.23 +0.7% Solana (CRYPTO: SOL) $186.67 -1.3% XRP (CRYPTO: XRP) $2.17 +0.5% Dogecoin (CRYPTO: DOGE) $0.3144 +0.1% Shiba Inu (CRYPTO: SHIB) $0.00002185 +0.8% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 31.6% and daily active addresses falling by 0.04%.
Hemi Labs CEO Jeff Garzik sheds light on Hemi's "proof of proof" security model and his vision for a multi-chain future.
Historical data shows that the Ethereum price could enjoy huge gains in the first quarter of 2025. Based on this data, crypto analyst Kaduna predicted that the second-largest crypto by market cap could usher in the altcoin season at the start of the new year.
Ethereum NFT trading volume surged to $186 million last week, a 67% increase from the previous week.
The OI continued to meander sideways over the past week, a strong hint that market participants were sidelined.
BTCS has stopped its StakeSeeker platform to place more priority on areas where it can succeed, focusing on Ethereum blockchain growth.
Bitcoin's repeated failure to cross above $100,000 increases the risk of a drop under $90,000.
The Ethereum (ETH) price is on the back foot on Friday, the final trading day of the year in traditional financial markets, and is threatening a break back below $3,300. The post Ethereum Price Set to Dip to $3,000 – Buy the Dip? appeared first on Cryptonews.
Ethereum (ETH) price has remained below expectations in December, disappointing many who anticipated it would hold above $4,000. Despite this, ETH has managed to gain nearly 6% over the last seven days, showing some signs of resilience.
Cryptocurrencies did well in 2024, and the trend may continue in the coming year as the Federal Reserve cuts rates. XRP price surged to $2.90, up by over 640% from its lowest level during the year after Donald Trump won the election.
Despite the recent bull rallies by both coins, OKX appears to have maintained its stance, as previously stated in June of this year. Ripple's XRP and Litecoin (LTC) USDT-margined and crypto-margined expiry futures will be delisted by the crypto exchange today.
The PHNIX meme coin, launched on the XRP Ledger, has landed on its first major centralized crypto exchange. On Dec. 27, the Phoenix team announced that crypto exchange MEXC has listed PHNIX.
Ethereum (ETH) has been showing promising signs of a potential rally, with its price bouncing back to $3,375 after a recent dip of over 15%. Despite the recent pullback, Ethereum is well-positioned to surge toward $5,232, driven by multiple bullish indicators.
XRP's price is currently chilling at $2.14, having dipped 1.1% in the last 24 hours. With a market cap of $123 billion, it ranks fourth behind tether (USDT), boasts a global trade volume of $5 billion, and has been bouncing between $2.13 and $2.23 today.
The price of Ripple (XRP) has seen a spectacular increase of over 300% in the last two months, reaching $2.10 on December 27, 2024. However, warning signs suggest that the XRP cryptocurrency could collapse by at least 25% in the coming days.
Robert Kiuru, COO at XRPL Labs, recently stressed the importance of the Batch Amendment for the XRP Ledger.
Today is a big day in the world of institutional cryptocurrency investing. BlackRock, through its Ethereum-focused ETF, now owns a whopping $3.5 billion worth of ETH, or 993,591.95 ETH, which is 0.12% of the total supply of Ethereum (ETH).
Some coins have returned to the green zone today, according to CoinMarketCap.
XRP price continues to slowly form a bullish pennant chart pattern as expectations of the Securities and Exchange Commission approving a Ripple ETF rise. Ripple (XRP) price was trading at $2.
Solana-based meme coins, including Pudgy Penguins (PENGU), Fartcoin, and Gigachad, have experienced massive growth in 2024, with gains ranging from 600% to 1800%.
In a wide-ranging two-hour livestream on December 26, Cardano founder Charles Hoskinson addressed ongoing discussions around partnering with Ripple, advancing a Chainlink integration, and bridging Bitcoin into the Cardano ecosystem. Speaking from Gillette, Wyoming, Hoskinson provided new details and timelines for these initiatives, emphasizing security requirements and technical collaboration across multiple blockchains.
“It's going to be a blitzkrieg”: Experts say a crypto-friendly Trump administration will rapidly breathe fresh life into the Ethereum ecosystem.
The price of Ripple-linked cryptocurrency XRP has witnessed considerable selling pressure recently following a crypto-wide drawdown last week. However, this has not deterred analysts from sharing ultra-bullish targets for the coin.
Cambodia has finally cracked the door open to crypto—kind of. For the first time, the National Bank of Cambodia (NBC) is letting commercial banks and payment companies handle stablecoins and other cryptos backed by real-world assets.
The price of Ethereum (ETH), the industry's second-largest cryptocurrency by market cap, broke down as the wider market corrected, but a well-known pundit remains optimistic about Ether's price trajectory leading into 2025.
XRP, after witnessing price volatility in the past couple of days, with its value dropping to $2.137, has made a rebound. Data from CoinMarketCap shows the coin has reclaimed the $2.20 price level, representing a 1.75% increase in the past 24 hours.
The digital asset currently holds a 2% market dominance, with a market cap of $125 billion. The coin is trading at $2.20, up 52% in the last month, with a daily trading volume of over $5.60 billion.
Cryptocurrency enthusiasts and traders have been paying close attention to XRP, the digital asset associated with the Ripple network. Recently, crypto analyst Egrag Crypto made waves with a bold prediction that XRP could reach as high as $27 in the next market cycle.
Ethereum's price has failed to break above the key $4,000 level and has been experiencing bearish price action since then. Investors are now worried that ETH might be reversing its overall price trajectory.
Buterin's $300,000 donation will support the Khao Kheow Open Zoo operations and the development of a dedicated exhibit for Moo Deng and her family.