The post Bitcoin Stalls at $61K: While European Equities Rally, BoE Hints at Summer Rate Cut appeared first on Coinpedia Fintech News Despite a rally in European equity indices, Bitcoin is struggling to maintain its position above the $61,000 mark. This challenge coincides with the Bank of England’s decision to keep interest rates steady while hinting at a potential rate cut during the summer. According to the report, the European markets, both the FTSE 100 and the …
The post Crypto Analyst Predicts Upcoming Altseason, Citing Historical Market Trends Seen In 2018 -21 appeared first on Coinpedia Fintech News Cryptocurrency markets may be on the cusp of an exciting shift, according to a prominent crypto analyst who recently took to Twitter with bold predictions. The analyst’s tweet suggests that what we’ve witnessed so far in altcoin movements could be just the beginning of a larger uptrend, likening it to market structures observed from 2018 …
The last time Bitcoin witnessed a negative adjustment similar to the one it recorded today was 18 months ago when BTC was worth $17,000.
The U.S. House of Representatives has passed H.J. Res. 109, a resolution aimed at overturning the Securities and Exchange Commission’s SAB 121 regulations on digital assets. The resolution seeks to reduce regulatory burdens and promote safer custodianship of digital assets by regulated banks. However, the White House has backed the SEC, issuing a veto threat,
The price of collectibles from former President Donald Trump's NFT collection surged after comedian Jimmy Kimmel skewered holders on his late night show.
Since early 2024, the Memecoin Index has risen over 137%. MarketVector's Memecoin Index outperformed the S&P 500 by 15 times. Continue Reading: Memecoin Index Continues to Surge in 2024
The bulls have continued to take a beating in the market, and XRP bulls, in particular, were recently in the spotlight as $1.27 million was liquidated from their long positions. This 6,350% spike in long liquidations is likely due to XRP’s recent price action, highlighting the general sentiment in its ecosystem. $1.27 Million In Longs Get Liquidated Data from Coinglass shows that $1.27 million in long positions have been liquidated in the last 24 hours. This is massive in comparison to the $19,220 liquidated in short positions during this period. This occurrence was likely due to the 3.85% drop in XRP’s price, as the crypto token dropped to as low as $0.51 in the last 24 hours. Related Reading: Bitcoin Suffers Massive Outflows Amid Crypto Market Uncertainty, Tops $284 Million XRP’s price decline during this period is believed to have been caused by the sharp correction in Bitcoin’s price, with the flagship crypto dropping below $62,000 again. However, there also seems to be a bearish sentiment in the XRP ecosystem, as data in the XRP derivatives market shows that trading volume has dropped by over 26%. Meanwhile, options trading volume has also dropped by over 46%. These figures suggest that XRP investors are choosing to remain on the sidelines, seeing as the bears look to have the upper hand at the moment. However, the bright spot is that there has been an uptick in open interest, which means some bulls are still willing to bet on the crypto token. These bulls might have a good reason to gamble on the crypto token, seeing as crypto analysts are predicting significant moves for XRP. Specifically, crypto analyst Jonathan Carter recently predicted that XRP could rise to $0.93 and further to $1.68. There is also the feeling that a rally is long overdue for XRP and could be anytime soon. When The XRP Rally Could Come An XRP rally could be on the horizon with the legal battle between the Securities and Exchange Commission (SEC) and Ripple almost coming to an end, with a ruling expected soon enough. Crypto analyst JackTheRippler predicted that the crypto token could rise to as high as $100 once this case ends. Related Reading: Fundstrat CEO Predicts When Bitcoin Price Will Reach $150,000 And $500,000 While this price level is undoubtedly ambitious, XRP could still make a significant move to the upside, considering that it also enjoyed an upward trend on the back of Judge Analisa Torres’ ruling that the crypto token wasn’t a security. At the time of writing, XRP is trading at around $0.51, down in the last 24 hours, according to data from CoinMarketCap. Token price drops to $0.5 | Source: XRPUSDT on Tradingview.com Featured image from Coinpedia, chart from Tradingview.com
Every once in a while, a new crypto project makes investors sit up and pay attention. That’s exactly what’s happening with 99Bitcoins Token (99BTC) right now. The project has raised over $1 million in funding so far – and the development team is planning to airdrop a whopping $99,999 worth of Bitcoin to early community
Charles Hoskinson, founder of the Cardano blockchain, has confirmed the integration of Cardano Improvement Proposal (CIP) 69 into the upcoming Chang hard fork. This announcement was made via X, emphasizing the adaptation to community feedback and aligning with the demands of the Cardano Foundation (CF). Hoskinson detailed the decision process and its implications: “I saw