XRP price recently faced a fresh decline after failing near the $0.5320 resistance zone. Currently, it is testing the $0.5180 support and there is a possibility that it might even drop to the $0.5120 support zone. This downward correction started after the price traded below $0.5250 and the 100-hourly Simple Moving Average. A connecting bearish
Money World
Tokenization is a concept that has been gaining traction in the financial industry in recent years. Nadine Chakar, the global head and managing director of DTCC Digital Assets, emphasized the benefits of tokenization in her testimony before the House Financial Services Subcommittee on Digital Assets. According to Chakar, tokenization represents a natural evolution in simplifying
SEC Chair Gary Gensler recently discussed the timeline for spot Ethereum ETF launches, suggesting that it will depend on how quickly applicants respond to the regulator’s questions and comments on reasons for approvals. He emphasized that firms are “self-motivated” to address SEC comments and can determine their responsiveness. Gensler mentioned that Grayscale’s legal win, which
The recent price surge in Bitcoin has resulted in long-term holders profiting from their holdings. According to a market report by on-chain analytics platform Glassnode, long-term holders (LTH) are currently in profit, with only a negligible amount of 4,900 BTC (0.03% of LTH) acquired above Bitcoin’s current price. These long-term holders are mainly individuals who
In the world of cryptocurrency trading, centralized exchanges (CEXs) have long been the dominant players. Despite the increasing popularity of decentralized platforms, CEXs continue to hold a significant share of the market. These exchanges not only facilitate the buying and selling of cryptocurrencies but also provide valuable insights into market sentiment through the analysis of
In a bold move to strengthen its position in the crypto market, Robinhood has recently announced its agreement to acquire the global crypto exchange Bitstamp for approximately $200 million in cash. This acquisition marks a significant step in Robinhood’s efforts to expand its offerings and enhance its global footprint. Bitstamp, founded in 2011, operates in
The recent surge in inflows into US spot Bitcoin Exchange-Traded Funds (ETFs) has caught the attention of market participants and analysts alike. Over the past 17 days, these ETFs have experienced a remarkable streak of net additions, with a particularly notable day seeing inflows of $886.6 million – the second-highest single-day influx since their inception.
Dogecoin has seen an impressive surge in value recently, breaking through the $0.160 resistance zone against the US Dollar. This upward trend indicates a potential move above $0.1650, which could signal further gains for DOGE in the near future. The price is currently trading above the $0.160 level and the 100-hourly simple moving average, showcasing
XRP price is gradually showing an upward trend above the $0.5200 mark. However, there are significant hurdles near $0.5320 that may cause a correction in the near future. The price is struggling to break above the $0.5250 zone and is currently trading above $0.5220 with the 100-hourly Simple Moving Average indicating a positive movement. Possible
In the midst of a market characterized by bullish momentum and various cryptocurrencies hitting new all-time highs, XRP has found itself stuck in a consolidation phase for the past couple of months. Despite this period of stagnation, recent positive developments within Ripple, the blockchain payment company connected to XRP, have reignited speculation about a potential