XRP price is holding the ground above $2.20 despite pressure on Bitcoin. The price is still consolidating and aiming for a fresh increase above the $2.320 resistance.
Bitcoin Options OI hits record lows, reflecting a shift to cautious trading amid market uncertainties.
On-chain data shows the volume of Bitcoin miners has observed a steep drop recently. Here's what this could mean for the asset.
CleanSpark joins MARA Holdings, Riot Platforms and Hut 8 Mining Corp as a major listed Bitcoin mining firm with 10,000 Bitcoin or more on its balance sheet.
In a recent live video, John Deaton, the founder and host of Crypto Law, called for the SEC to release the highly anticipated report on the controversial 2018 speech by former SEC official William Hinman. The speech, which gave Ethereum a regulatory pass, has raised serious concerns about potential conflicts of interest within the SEC.
Bitcoin journey in the new year continues to demonstrate less upward momentum, with its price recently dropping below the $95,000 price mark. Amid this movement, the market seems to be witnessing a notable trend among miners as they grapple with the effects of rising values and selling pressure.
Ethereum price failed to clear the $3,400 resistance and extended losses. ETH is struggling and might continue to move down if it stays below $3,400.
The U.S. government has received approval to liquidate a significant stash of 69,370 Bitcoins, originally seized from the notorious Silk Road marketplace. This potential move has sent shockwaves through the crypto market, raising concerns about the impact it could have on Bitcoin's price, which is already facing a tough start to 2025.
XRP has displayed unusual price action, standing out as the broader crypto market faces aggressive retracements. Despite the widespread downturn, XRP has managed to hold above critical demand levels, signaling relative strength in the face of uncertainty.
XRP remains in a sideways trading range and the price is currently down by more than four percent. For the breakout to be confirmed, XRP needs to break above the $2.51 level. This level is an important first indication that the low is likely in and the market could begin to move higher.
Crypto Markets React to Gensler's Exit: SEC Chair Gensler's crypto stance and Ripple case developments shake XRP, as Bitcoin slides ahead of the US Jobs Report.
Bitcoin price extended losses and traded below the $93,500 zone. BTC is correcting gains and might struggle to recover above the $95,000 level.
A recent commentary from market analyst Lord Vendetta has fueled a heated discussion within the XRP community about the cryptocurrency's price and its ability to handle mass adoption, especially by global financial institutions. His remarks suggest that even a price of $50 for XRP may not be sufficient to support the scale of transactions expected from mass adoption, which has led to a debate over how high the XRP price could go.
While firms like Tesla are already in the S&P 500, VanEck's Matthew Sigel says Block Inc. could be the first company in the index with an “explicit strategy” for accumulating Bitcoin.
Ripple USD (RLUSD) has debuted on Bitstamp, offering global liquidity in key pairs and emphasizing stability, compliance, and utility for payments, tokenization, and decentralized finance. RLUSD Rolls Out on Bitstamp With Global Liquidity in Key Trading Pairs Ripple USD (RLUSD), an enterprise-grade stablecoin pegged to the U.S.
Dogecoin, one of the most popular cryptocurrencies and the first meme coin, has experienced a crash in social sentiment and market cap in recent weeks.
Bitcoin has faced intense selling pressure since Tuesday, following a strong breakout above the $100K mark. The rally, which many investors hoped would solidify Bitcoin's bullish structure, quickly reversed, driving the price down to a low of $92,500.
Bitcoin (BTC) has faced a tough start to 2025, with the cryptocurrency's price dropping below $95,000 on January , leading to significant outflows from spot Bitcoin exchange-traded funds (ETFs). As Bitcoin's value briefly hit $92,500, nearly $570 million was withdrawn from ETFs, marking the second-largest daily outflow on record.
James Howells, a Welsh IT engineer from Newport who lost his Bitcoin hard drive in a landfill in 2013, lost his legal battle today to access the site to recover the cryptocurrency.
Bitcoin has reversed its early-year gains, retreating to levels seen a week ago, even as bullish sentiment persists in the Deribit options market, CoinDesk reported on January 9. After shaking off Decembers bearish mood, Bitcoin began the year with a rally toward $100,000.
Bitcoin fell to a one-month low of $91,000 early Tuesday, reflecting market anxiety ahead of the U.S. December jobs report. With U.S. stock markets closed for the state funeral of former President Jimmy Carter, cryptocurrency markets bore the brunt of economic uncertainty.
Market fears over a potential sell-off of Bitcoin seized by the U.S. government from the dark web marketplace Silk Road are exaggerated, according to an analysis by CoinDesk senior analyst James Van Straten. Recent reports revealed that the U.S. Department of Justice (DOJ) had obtained the authority to sell 69,370 BTC (approximately $6.5 billion) confiscated from Silk Road.
El Salvador, the first country to adopt Bitcoin as legal tender, has once again increased its cryptocurrency holdings with the purchase of 11 BTC. This move, confirmed by President Nayib Bukele via a tweet on January 8, 2025, highlights the government's continued commitment to Bitcoin, despite fluctuations in the global market.
The registered crypto trading firm allegedly stole “hundreds of millions of baht” from electricity providers, coming out to at least $2.88 million.
The CEO of financial services conglomerate SBI Holdings has criticized Japan's prime minister (PM) regarding the government's absurd crypto tax rates. Yoshitaka Kitao, a proponent of the XRP ecosystem, said in a recent interview that Shigeru Ishiba is the “only one who is not convinced” about lowering rates to 20%.
The UK Treasury has introduced an amendment to the Financial Services and Markets Act 2000 (FSMA), effective January 31, to exclude crypto staking from being classified as a collective investment scheme.
The on-chain analytics firm Glassnode has revealed the level Bitcoin would have to rise to if it has to reach the historical top zone in this pricing model. Bitcoin Hasn't Surpassed Last MVRV Pricing Band Yet In a new post on X, Glassnode has talked about the extreme euphoria threshold of the Bitcoin Market Value to Realized Value (MVRV) Pricing Bands.
Bitcoin's recent drop of 5%, falling to $95,000, has left many investors scratching their heads. This isn't just another routine market shakeout where weak hands are flushed out.
On Thursday, bitcoin, the leading cryptocurrency, descended to an intraday low of $91,215, reflecting a decline exceeding 3% against the U.S. dollar. The collective valuation of the crypto economy contracted by 2.5% in the past 24 hours, settling at $3.22 trillion.
CryptoQuant believes the US government selling $6.5 billion in Bitcoin confiscated from Silk Road would not have an adverse impact on the market if sold via over-the-counter (OTC) desks, according to a Jan. 9 report. The Bitcoin (BTC) stash is currently worth roughly $6.
The price action of XRP is currently consolidating within a narrowing triangle pattern, and it has entered a critical phase. The token, which is currently trading at $2.25, is indicating that it will test its 50 EMA in the next few days; this level may determine the token's short-term trajectory.
Despite the recent Bitcoin price crash, crypto analyst TradingShot has suggested that this is not the end of the road for the flagship crypto. This came as he revealed why BTC could still rally to as high as $200,000 in this market cycle.
Good news for DOGE holders as a recent fractal analysis identified a familiar bullish pattern that could skyrocket the Dogecoin price to as high as $23 in the coming years. However, the recent Dogecoin (DOGE) momentum tells another story as double-digit losses threaten this pattern, leaving investors in limbo as to what the future holds.
Russia has “started” selling the Bitcoin it seized during a 2023 probe into the Infraud hacker group. The move suggests Moscow hopes to trade over BTC 1,000 for fiat. The post Moscow Bitcoin Selloff: Russia ‘Begins to Sell' Coins Seized in BTC 1,032 Infraud Haul appeared first on Cryptonews.
Bitcoin, the world's leading cryptocurrency, has been making waves in the investment sector, and some believe it's evolving into something even more significant: a benchmark for the new digital economy. Anthony Pompliano, CEO of Professional Capital Management, recently compared Bitcoin to the S&P 500, suggesting that the digital asset has become the preferred benchmark for younger investors.
Recent declines in Bitcoin's price have been followed by negative sentiment across several on-chain metrics that are crucial in determining its next trajectory. With key metrics witnessing a decrease, there are speculations that the flagship asset might see an extended drop in its price.
Ethereum has seen a sharp 14% drop in less than two days, intensifying concerns across the crypto market during a selloff that began earlier this week. The bearish sentiment has left many investors disheartened, with Ethereum struggling to reclaim higher price levels.
XRP's market structure suggests that the altcoin is gearing up for a run to new all-time highs.
Thai authorities confiscated 996 Bitcoin (BTC) mining rigs in Chon Buri province, accusing operators of illegally siphoning electricity to power the energy-intensive machines. The raid, conducted on Jan. 8 in the Phanat Nikhom district, highlights growing concerns about the misuse of public utilities for crypto mining operations.
It's not clear if all derivative assets that require bitcoin as collateral are fully backed as many assume.
American blockchain payments firm Ripple Labs Inc. has transferred 300,000,000 XRP from one of its internal wallets to an anonymous one. Known for related transactions, the market is now left wondering what Ripple is up to with this new move.
It's like a dark cloud has hovered over Bitcoin, with back-to-back factors signaling an imminent crash.
The Dogecoin price action in the past 24 hours has been characterized by a fresh decline to retest support at $0.33. This recent decline in the past 24 hours is a continuation of the downtrend into 48 hours, which saw Dogecoin rejecting just below $0.40 after Bitcoin also rejected below $100,000 again.
Bitcoin has fallen to a low of $92,508 on January 8 after previously hitting $102,357 on Monday, marking almost a 10% retreat in a matter of days. The immediate catalyst appears to be the January 7 spike in US Treasury yields, with the 10-year rate hitting 4.67% following an unexpectedly strong ISM Prices Paid Index and higher-than-anticipated JOLTS job openings.
In 2024, Bitcoin mining saw big advancements and tough challenges. Miners adopted new technology, used renewable energy, and even expanded into fields like AI.
Bitstamp has listed RLUSD after it secured final approval from the NYDFS and launched last month on Ethereum and XRP Ledger.
The U.S. government has just made a significant move in the cryptocurrency market by liquidating 69,370 Bitcoins, worth approximately $6.7 billion. This action, authorized by the U.S. Department of Justice (DoJ), has raised questions among investors about the potential for a major price drop.
Bitcoin investors withdrew near-record amounts from spot BTC ETFs as BTC dropped 2.3%, reflecting market caution. Bitcoin recorded the highest ETF inflows in 2024, driven by strong institutional interest.