The U.S. Securities and Exchange Commission (SEC), the Federal Reserve Board (FRB), and the California Department of Financial Protection and Innovation (DFPI) have taken action against Silvergate Capital Corp., the holding company for Silvergate Bank, and its former executives for misleading investors and failing to monitor significant transactions. Silvergate has agreed to pay penalties without
Bitcoin’s recent price fluctuations have sparked curiosity among market participants. Analysts are sharing their predictions on BTC’s future movements and overall market trends. Some experts highlight intriguing patterns and market indicators that could signal upcoming changes. Explore expert analyses on Bitcoin’s price movements and potential market shifts, offering key insights for informed investment decisions. Bitcoin
The Vice President is the odds-on favorite to replace President Joe Biden—if prediction markets and meme coins are any gauge.
The XRP price continues to remain suppressed under the heat of the Ripple vs. the United States Securities and Exchange Commission (SEC) legal battle. This suppressed price action has continued to discourage investors when its comes to the altcoin. However, not everyone has succumbed to the bearish pressure, as crypto analyst RLinda believes that the XRP price could be attempting a decoupling that could lead to a price breakout from here. XRP Price Decoupling Could Trigger Price Crypto analyst RLinda has forecasted a bullish picture for the XRP price where the altcoin could completely break out of its sluggish movement. The analysis which has now spanned a number of a days flows through XRP’s performance over the last year and how it has suffered crashes even when others in the market were reaching new all-time highs. Related Reading: Analysts Says Cardano Has Bottomed And Will Rally To $0.8, But It Must Hold This Level While the coin continues to be bogged down by the Ripple vs. SEC battle, crypto analyst RLinda believes that the XRP price could be reaching a possible decoupling. She explains that this is happening not just technically but fundamentally as well. A possible decoupling is bullish for the XRP price, given that it would be the start of a major price rally. Using the 1-Week chart, the crypto analyst highlights some technical developments that could be important to this possible decoupling. The first of these is that XRP is still testing the “Wedge resistance with the aim of breaking it.” Also, RLinda points out that volatility is decreasing as the consolidation is continuing at this point. However, this consolidation could be the reason that the price begins another rally. As for where the price could go from here, the crypto analyst points out that it could possibly rally as high as $0.6265 and even reach $0.73 by the time it is done. However, XRP must hold the support level at $0.4637 while breaking the resistances being mounting at $0.4962 and $0.5720. Factors Holding Price Down While XRP price continues to be one of the most popular cryptocurrencies in the market, a number of factors have suppressed. The major one is the lawsuit mentioned above. Even though Ripple has scored multiple victories against the regulator during this time, the fact that the lawsuit is yet to be officially over continues to present a major hurdle. Related Reading: Crypto Analyst Predicts 45% Drop For Bitcoin, But Says It Won’t Go Below This Level In her analysis, RLinda points to these issues as being behind the price not performing well. However, Ripple CEO Brad Garlinghouse has said that he expects the lawsuit and settlement to be complete by the end of this summer. This puts it sometime before September. If this happens, then it would mark a pivotal point for the turnouts in the XRP price. “The Ripple vs. SEC case is a pivotal moment for cryptocurrency regulation, as a final victory would be a strong green sign for the entire cryptocurrency community amidst the SEC getting a number of restrictions on its activities lately due to overstepping its authority,” the analyst said. Featured image created with Dall.E, chart from Tradingview.com
Market has reached certain levels that might push it toward reversal
Recently, there has been a significant upsurge in activity among major investors within the cryptocurrency market. A leading crypto analyst has reported that substantial purchases of a top-10 altcoin are currently taking place. According to recent market data, one particular altcoin has seen whales accumulate it extensively over the past week. Major Investors Flood into
Cipher Mining's growth in Bitcoin holdings and operational capacity highlights the increasing influence and scale of institutional-backed crypto mining. The post Cipher Mining mines 176 Bitcoin in June, holds over 2,200 BTC appeared first on Crypto Briefing .
Dogecoin’s potential for a massive price breakout is being scrutinized by top crypto analysts. Recent analyses suggest an imminent significant price movement for the meme cryptocurrency. Both short-term and long-term bullish predictions are fueling the market sentiment. Will Dogecoin (DOGE) really see a meteoric rise, or are these just empty promises? Stay tuned to find
The Coinbase Premium fell to its lowest since late 2022, which could mean that bitcoin prices is headed for significant upside in the coming months.
Experts predict Bitcoin might soon end its narrow range movements. Analysts see potential for significant market recovery based on historical data. Continue Reading: Experts Predict Bitcoin Price Movements