Texas is taking significant steps to regulate Bitcoin mining, emphasizing the state’s commitment to managing electric grid demands amid the cryptocurrency boom. This move comes as Bitcoin miners flock to
XRP price surged further above the $1.45 and $1.50 resistance levels. The price is now consolidating gains near $1.40 and might aim for more upsides. XRP price started a fresh surge above the $1.40 resistance level. The price is now trading above $1.350 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with resistance at $1.450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is showing positive signs and might extend its rally above the $1.450 resistance. XRP Price Holds Gains XRP price formed a base above $1.250 and started a fresh increase. There was a move above the $1.350 and $1.40 resistance levels. It even pumped above the $1.50 level, beating Ethereum and Bitcoin in the past two days. A high was formed at $1.6339 before there was a pullback. The price dipped below the $1.50 support level. A low was formed at $1.3007 and the price is now rising. There was a move above the 23.6% Fib retracement level of the downward move from the $1.6339 swing high to the $1.3007 low. The price is now trading above $1.40 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1.420 level. The first major resistance is near the $1.450 level. There is also a new connecting bearish trend line forming with resistance at $1.450 on the hourly chart of the XRP/USD pair. It is close to the 50% Fib retracement level of the downward move from the $1.6339 swing high to the $1.3007 low. The next key resistance could be $1.500. A clear move above the $1.50 resistance might send the price toward the $1.5550 resistance. Any more gains might send the price toward the $1.620 resistance or even $1.650 in the near term. The next major hurdle for the bulls might be $1.750 or $1.80. Are Dips Limited? If XRP fails to clear the $1.450 resistance zone, it could start a downside correction. Initial support on the downside is near the $1.3450 level. The next major support is near the $1.320 level. If there is a downside break and a close below the $1.320 level, the price might continue to decline toward the $1.300 support. The next major support sits near the $1.240 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $1.4200 and $1.4000. Major Resistance Levels – $1.4500 and $1.5000.
PUCT Chairman Thomas Gleeson said the new rule was designed to help manage the power grid as more mining facilities come online.
The crypto prices today have triggered global investor speculations as Bitcoin (BTC) and major altcoins showed weakening price trends. Meanwhile, The Sandbox (SAND) and Decentraland (MANA) emerged as top gainers. The selloff is likely due to Bitcoin pullback. The global crypto market value dropped 2% to $3.3 trillion, while total market volume declined 5%, now The post Crypto Prices Today, Nov 25: BTC and Major Altcoins Pullback, SAND Soars 70% appeared first on CoinGape .
The post Can Bitcoin Price Rise Above $99k Today? Indicators Turn Green Despite Pullback Below $96k appeared first on Coinpedia Fintech News Bitcoin is currently down by more than one percent and is trading slightly above the $98k mark. After hitting an ATH of $98655, the cryptocurrency hit reverse and even dipped below the $96k mark. However, analyst Josh of Crypto World said that the weekly Bitcoin chart shows strong momentum, with the MACD indicating a bullish …
Celestia (TIA) has made headlines with a dramatic breakout above $7.34, signaling potential for further price appreciation. TIA’s breakout above $7.34 signaled a trend reversal, with a $12.08 target in
Truth Social has been TMTG's focal point, but the application for the TruthFi trademark signals a diversification of its business operations.
TIA’s bullish breakout has sparked market enthusiasm, with metrics pointing toward sustained growth.
Bitcoin pulled back after failing to surpass the $100,000 milestone on Nov. 24, triggering one of the largest weekend crypto liquidation events in over six months. Over the last 24 hours, more than $470 million worth of crypto positions were liquidated. Long and short liquidations amounted to $352.6 million and $119.9 million, respectively, with altcoins contributing the majority of wiped positions, according to CoinGlass data. A total of $472.5 million in long and short positions were liquidated as Bitcoin fell short of the $100,000 mark. Bitcoin (BTC) and Ether (ETH) accounted for $108.9 million worth of liquidations combined. Dogecoin (DOGE),
Tether, the world’s largest stablecoin issuer, has minted over $3 billion in USDT in the past 24 hours. This action accumulates the company’s mint in a month. According to LookOnChain’s Nov. 24 post on X, Tether has minted $3 billion…