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news-imageFebruary 6, 2025

Ethereum Open Interest Jumps, XRP Bears Not Done Selling, SUI Eyes AVAX Spot

However, the growing bear action in the broader market has continued to impact altcoins like Ethereum (ETH), XRP, SUI, and Avalanche (AVAX) in different measures. As of writing, the combined crypto market cap is down 1.56% to $3.16 trillion, proving that headwinds remain.
Publisher: Coingape
Sentiment: Neutral
AVAX
ETH

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cover-imageCoinPedia
February 6, 2025

Ripple Expands US Workforce by 75% After Elections: Is the SEC Lawsuit Ending Soon?

Ripple's CLO, Stuart Alderoty, recently shared his thoughts on the new U.S. administration's approach to cryptocurrency. In an interview with CNBC, Alderoty expressed his satisfaction with the changes brought about by the new administration. He explained that the previous administration had essentially waged a “war” on crypto, pushing the industry out of the U.S.

Negative
cover-imageThe Currency Analytics
February 5, 2025

Ripple Restores XRP Ledger After 64-Minute Outage

Ripple's XRP Ledger experienced a brief but significant outage on February 5, 2025, causing a 64-minute disruption in network operations. The temporary shutdown caused some concerns among users and impacted the price of XRP, leading to a slight dip in market sentiment.

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cover-imageThe Currency Analytics
February 5, 2025

SUI's Risk-to-Reward Ratio Hits 1:5: Bulls Eye 47% Rally

Sui (SUI) has gained the attention of traders after forming an attractive risk-to-reward ratio that appears favorable for short-term gains. The recent price action has led to a notable shift in market sentiment, with traders now focusing on critical support levels to determine the next movement.

Positive
cover-imageBenzinga
February 5, 2025

Bitcoin Struggling But 'Perfect Storm' Will Take It To $500,000, Ethereum To $20,000, Trader Predicts

Crypto analyst Michaёl van de Poppe urges investors to hold their crypto assets, emphasizing that Bitcoin (CRYPTO: BTC) is fairly valued while altcoins remain heavily undervalued. What Happened: Van de Poppe highlighted on Wednesday on X that the crypto market is currently experiencing one of the most extreme bearish sentiments in its history, following a prolonged period of capitulation.

Negative
cover-imageThe Currency Analytics
February 5, 2025

XRP Lawsuit: Ripple CLO Remains Hopeful Amid Legal Struggles

Ripple Labs is still in the midst of its long-running legal battle with the U.S. Securities and Exchange Commission (SEC), which has drawn significant attention within the crypto world. The lawsuit, which began in 2020, revolves around allegations that Ripple failed to register its XRP token as a security with the SEC.

Negative
cover-imageBitcoin
February 5, 2025

Ethereum's Resilience Tested: Volatility Dominates as Macro Risks Loom

Ethereum (ETH) endured a turbulent week, plunging to a massive low of $2,065 amid geopolitical trade war tensions before rebounding as investors capitalized on discounted prices, currently down 2.1% over the last day. Trade War Fears Rock ETH Ethereum opened the week at $3,200-$3,400 but crashed to a significant low of $2,065 on Feb.

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