Ethereum’s price has recently experienced a downside correction after failing to clear the $3,880 resistance level. The cryptocurrency is now trading below $3,840 and the 100-hourly Simple Moving Average, signaling a possible slide toward $3,720. A key bullish trend line with support near $3,830 was broken on the hourly chart of ETH/USD, indicating a bearish
DTCC Digital Assets global head and managing director Nadine Chakar recently testified before the House Financial Services Subcommittee on Digital Assets, championing the benefits of tokenization. She emphasized the potential for tokenizing real-world assets to transform the US financial markets. In her testimony, Chakar showcased DTCC’s role in advancing the financial industry through digital securities
Bitcoin long-term holders have once again found themselves in a profitable position due to the recent surge in the cryptocurrency’s price. According to Glassnode, long-term holders (LTH) hold over 85% of the Bitcoin supply in profit. This is a significant shift from short-term holders who are still facing losses from their Bitcoin holdings. Short-term holders
SEC chair Gary Gensler recently discussed the potential timeline for spot Ethereum ETF launches, highlighting that it largely depends on how quickly applicants respond to the regulator’s questions and comments on reasons for approvals. Gensler mentioned that the firms are “self-motivated” to address SEC comments and can determine their responsiveness accordingly. This suggests that the
The world of cryptocurrency trading is a complex landscape filled with centralized exchanges (CEXs) that continue to dominate despite the increasing popularity of decentralized platforms. These CEXs offer valuable insights into market sentiment through the monitoring of inflows and outflows of cryptocurrencies. Recently, a concerning trend has emerged with a significant amount of outflows noted
Robinhood, a popular trading platform, recently made headlines with its announcement of the acquisition of Bitstamp, a global crypto exchange, for approximately $200 million in cash. The move is a strategic one, aimed at expanding Robinhood’s reach and presence in the crypto market. Bitstamp, founded in 2011, operates in various regions across the globe, including
The recent surge in US spot Bitcoin Exchange-Traded Funds (ETFs) has garnered significant attention, with 17 consecutive days of net additions being recorded. On a particularly remarkable Tuesday, these ETFs experienced inflows totaling $886.6 million, marking it as the second-highest single-day influx since their inception. Following this, another substantial day of inflows occurred, reaching $488.1
XRP price has shown a slow upward trend, moving higher above the $0.5200 zone. Currently, the price is facing resistance near $0.5320 and may experience a corrective dip in the short term. Despite attempts to increase above the $0.5250 zone, the price managed to trade above $0.5220 and the 100-hourly Simple Moving Average. There was
Dogecoin, the popular cryptocurrency known for its meme-inspired logo, has been making steady gains in the market. As of now, it has surpassed the $0.160 resistance level against the US Dollar. This upward trend is a positive sign for investors and traders who are closely watching the movement of Dogecoin in the digital asset space.
The XRP price has been in a consolidation phase for the past two months after a brief surge in March that took it to its yearly high of $0.7430. However, recent positive developments and announcements surrounding Ripple, the blockchain payment company associated with XRP, coupled with an intriguing bullish pattern, have sparked speculation of a