After a multi-year legal gauntlet between Ripple and the United States Securities and Exchange Commission (SEC), judgement day has arrived. Ripple CEO Brad Garlinghouse shared the news, bringing the four-year-long case to an unofficial close. As part of this settlement agreement, the SEC will withdraw its appeal, representing a key...
Ever since March 11, Bitcoin price action has been jumpy. The daily chart makes it very apparent just how few consecutive green and red candles there have been. This yo-yo dynamic raises alarm bells. Medium term, we could see a retest of the “2024/Summer consolidation” range of about $73,000 –...
At the start of this week, Bitcoin investors are watching just a few critical issues. They’re taking a deep dive on anything from technical indicators to macroeconomic policies in a bid to understand the cryptocurrency’s next move. The relative strength index (RSI) is about to close above a four-month downtrend....
XRP on fire! It has increased 15% over the past day and is currently priced at $2.55 as of the afternoon of March 19. This rally started with hopes that the U.S. Securities and Exchange Commission (SEC) would soon drop its appeal against Ripple. Ripple CEO Brad Garlinghouse took to...
The crypto market at large is showing signs of strong bullish momentum, with most major digital assets displaying a potential breakout. Technical analysis uncovers key support and resistance levels in Near Protocol (NEAR), Avalanche (AVAX), and Bitcoin (BTC). This information is key to forecasting where prices may go in the...
Bitcoin (BTC) headed toward $85,000 as the March 23 weekly close drew in, indicating that an important new trend reversal was due to appear. The total digital currency recovered handsomely. It continued to rally as the overall broader crypto market began increasing, taking major altcoins with it. Technical analysts have...
Ethereum’s native token Ether (ETH) is not having a great time. Ether (ETH) has lost over half its value over the past three months. Nonetheless, new data indicates that ETH could be primed for a steep price recovery. BlackRock’s BUIDL fund now holds a record $1.145 billion worth of Ether,...
ETH futures have been on a tear in open interest, hitting an all-time high of $7.1 billion on March 21. This boost comes despite the annualized premium for ETH monthly futures having fallen to below 4%. This is a remarkable drop from 5% only two weeks ago. The move indicates...
Bitcoin takes us on a crazy trip these days. It blasted past the 20-day exponential moving average (EMA) resistance, hitting an impressive $85,332 on March 19 before quickly retreating back below that level the following day. The price action reflects some serious fighting between the bulls and bears, as we...
XRP is poised to challenge its all-time high within the next few weeks. This bullish momentum is the product of bullish news coming out of Ripple’s ongoing lawsuit against the U.S. Securities and Exchange Commission (SEC) paired with increasing spot market volume. Analysts believe XRP’s long-term market structure still looks...