Colombia's crypto data disclosure mandate enhances fiscal transparency, potentially influencing global tax policies and crypto market dynamics.
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XRP price extended losses and traded below $2.120. The price is now attempting to start a fresh increase and faces hurdles near the $2.20 level. XRP price started a fresh decline below the $2.20 zone. The price is now trading below $2.20 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2.10 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it stays below $2.20. XRP Price Attempts Recovery XRP price failed to stay above $2.25 and started a fresh decline, like Bitcoin and Ethereum. The price declined below $2.20 and $2.150 to enter a short-term bearish zone. The price even spiked below $2.10. A low was formed at $2.063, and the price is now attempting to recover. There was a move above $2.120. Besides, there was a break above a connecting bearish trend line with resistance at $2.10 on the hourly chart of the XRP/USD pair. It tested the 23.6% Fib retracement level of the downward move from the $2.416 swing high to the $2.063 low. The price is now trading below $2.20 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2.1680 level. The first major resistance is near the $2.20 level. A close above $2.20 could send the price to $2.240 or the 50% Fib retracement level of the downward move from the $2.416 swing high to the $2.063 low. The next hurdle sits at $2.280. A clear move above the $2.280 resistance might send the price toward the $2.320 resistance. Any more gains might send the price toward the $2.350 resistance. The next major hurdle for the bulls might be near $2.40. Another Decline? If XRP fails to clear the $2.20 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.080 level. The next major support is near the $2.050 level. If there is a downside break and a close below the $2.050 level, the price might continue to decline toward $2.00. The next major support sits near the $1.9650 zone, below which the price could continue lower toward $1.880. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.080 and $2.050. Major Resistance Levels – $2.1680 and $2.240.
Bitcoin mining is accelerating renewable energy deployment, replacing fossil-fuel heating, expanding energy access and cutting methane emissions at scale.
Data shows the crypto derivatives market has faced a fresh wave of liquidations as Bitcoin and other assets have gone through a retrace. Crypto Market Has Seen Liquidations Of More Than $462 Million According to data from CoinGlass, a notable amount of liquidations have occurred in the crypto derivatives market over the past day. “Liquidation” refers to the forceful closure that any open contract undergoes after it has amassed losses of a certain percentage specified by the platform. Related Reading: CryptoQuant CEO Expects Boring Bitcoin Action, Not Major Crash A mass amount of simultaneous liquidations can occur when the asset’s price observes a sharp price swing, not allowing investors the time to close their positions. The risk of this happening can increase depending on how much leverage traders are opting for. The trigger for the derivatives flush in the past day has been a downward move across tokens in the digital asset sector, which took Bitcoin to a low under $89,600. Below is a table that shows the numbers involved in this liquidation event. In total, the crypto market has witnessed over $462 million in liquidations during the last 24 hours, with longs dominating most of the flush. More specifically, bullish bets made up for $418 million of the positions involved, representing more than 90% of the total. The large amount of liquidations could indicate that the recovery in Bitcoin above $94,000 lured traders into opening fresh longs, which then ended up getting caught out by the price plunge. In terms of the symbols, the largest contributor to the liquidation event has been BTC with $132 million in positions involved, while Ethereum hasn’t been too far behind with a flush of $116 million. Interestingly, while the top two have been predictable, the third place hasn’t been occupied by the usual suspects this time. As the above heatmap displays, contracts related to Zcash (ZEC) have been caught up in liquidations of $24 million. The asset managing higher liquidations than the likes of XRP and Solana could be down to the fact that it has seen a notably sharper drop over the last 24 hours. Related Reading: Bitcoin Bounce A Bull Trap? Analyst Sees 2022-Style Bear Flag The latest liquidation squeeze has come as the futures market has been witnessing a re-expansion of Open Interest, as highlighted by Glassnode in its latest weekly report. The bearish price action between October and November had caused a massive amount of liquidations and forced traders to pull back on risk, resulting in the Open Interest taking a significant hit. Recently, the metric has seen a turnaround, implying investors have gradually been building up positions again. BTC Price At the time of writing, Bitcoin is trading around $89,500, down 2% over the past day. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Tactical de-risking and declining investor sentiment are the reasons behind the recent spot U.S. ETF outflows, Decrypt was told.
AI integration in healthcare could revolutionize patient care efficiency and data management, while ensuring compliance with privacy standards.
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Employees who left the Electric Coin Company en masse on Wednesday are launching a new Zcash wallet, citing the need to return to cypherpunk principles and to scale faster.
Ethereum price failed to clear the $3,220 resistance and dipped. ETH is now attempting to recover and faces an uphill task near the $3,150 level. Ethereum started a downside correction below $3,220 and $3,200. The price is trading below $3,180 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $3,100 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it stays above the $3,050 zone. Ethereum Price Attempts Fresh Increase Ethereum price failed to remain stable above $3,220 and dipped further, like Bitcoin. ETH price declined below $3,200 and $3,120 to enter a short-term bearish zone. The price even dipped below $3,120. A low was formed at $3,050, and the price is now consolidating losses. It tested the 23.6% Fib retracement level of the recent decline from the $3,308 swing high to the $3,050 low. Besides, there was a break above a connecting bearish trend line with resistance at $3,100 on the hourly chart of ETH/USD. Ethereum price is now trading below $3,180 and the 100-hourly Simple Moving Average. If the bulls can protect more losses below $3,050, the price could attempt another increase. Immediate resistance is seen near the $3,150 level. The first key resistance is near the $3,180 level and the 50% Fib retracement level of the recent decline from the $3,308 swing high to the $3,050 low. The next major resistance is near the $3,210 level. A clear move above the $3,210 resistance might send the price toward the $3,250 resistance. An upside break above the $3,250 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,300 resistance zone or even $3,320 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,180 resistance, it could start a fresh decline. Initial support on the downside is near the $3,080 level. The first major support sits near the $3,050 zone. A clear move below the $3,050 support might push the price toward the $3,020 support. Any more losses might send the price toward the $3,000 region. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,050 Major Resistance Level – $3,180
Ethereum-based Truebit suffered a $26.6 million exploit that reportedly targeted a vulnerability in a smart contract deployed five years ago.
The cryptocurrency market recently experienced a brief uptick, but it has once again encountered increased volatility, with Bitcoin (BTC) and other major crypto assets retracting some of the gains achieved earlier in the week. Amid this churning landscape, Matt Hougan, Chief Investment Officer at Bitwise, has outlined three essential “checkpoints for a rally,” which he believes must be met for a lasting cryptocurrency recovery this year. Key Hurdles For Crypto Rally In the report released on January 6, Hougan highlighted the first hurdle for a sustained rally: avoiding a repeat of the catastrophic events that transpired on October 10, 2025. On that day, the market witnessed the largest liquidation event in its history, erasing approximately $19 billion in futures positions in just 24 hours. Related Reading: Did Morgan Stanley Orchestrate Bitcoin October Crash? Analysts Draw Correlations The aftermath of this event raised concerns among investors about the potential long-term health of significant market players such as hedge funds and major market makers. Many feared that these entities might need to liquidate assets to stabilize their operations, a scenario that could weigh heavily on the market. However, Hougan expressed a degree of optimism, suggesting that if any major firm were poised for a downturn, it likely would have occurred by now. He argues that investors have begun to move past the traumatic experience of October 10, contributing to the recent rally at the start of the new year. The second checkpoint outlined by Hougan is the passage of the crypto market structure bill, known as the CLARITY Act, which is currently making its way through Congress with the anticipated markup scheduled for January 15. This process involves aligning various drafts from the Senate banking and agriculture committees to reach a final vote. However, NewsBTC reported on Wednesday that several hurdles remain, including differing perspectives on how to regulate decentralized finance (DeFi) and stablecoin rewards. Legislative Framework Essential Hougan emphasized that the approval of the CLARITY Act is crucial for the long-term viability of cryptocurrencies in the United States. Without a legislative framework, Hougan stressed that the current pro-crypto stance at regulatory agencies could shift dramatically under future administrations. Bitwise’s CIO emphasized that passing the crypto market structure bill would solidify key regulatory principles into law, providing a sound foundation for ongoing growth in the crypto sector. Related Reading: Dogecoin Rapid Accumulation Suggests Sharp Upward Sweep Is Coming The final hurdle for a sustained crypto rally is maintaining stability in the broader equity market. While cryptocurrencies do not operate in lockstep with stocks, a significant downturn—such as a 20% drop in the S&P 500—could dampen enthusiasm for all risk assets, including digital currencies. Hougan also notes growing concerns about a potential artificial intelligence (AI) bubble. However, current prediction markets suggest a low probability of a recession in 2026 and an approximately 80% chance of gains for the S&P 500. Featured image from DALL-E, chart from TradingView.com
A new plan would tie OP token value to network performance by using half of all Superchain fee revenue for systematic repurchases.
BitFuFu's expanded Bitcoin treasury and improved liquidity position enhance its financial resilience and strategic flexibility for future growth.
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Bitcoin price started a downside correction below $92,500. BTC is now struggling and might face barriers for a fresh increase near $92,000. Bitcoin started a downside correction and traded below the $91,200 zone. The price is trading below $91,500 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $92,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it stays below the $92,000 zone. Bitcoin Price Attempts Recovery Bitcoin price failed to stay above $93,500 and started a downside correction. BTC dipped below $93,000 and $92,000 to enter a short-term bearish zone. The price even dipped below $91,200 and tested $90,000. A low was formed at $89,225 and the price is now attempting a fresh increase. There was a move above $90,500. The price climbed higher to test the 50% Fib retracement level of the recent decline from the $93,770 swing high to the $89,225 low. Bitcoin is now trading below $92,000 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $92,000 on the hourly chart of the BTC/USD pair. If the price remains stable above $90,300, it could attempt a fresh increase. Immediate resistance is near the $91,500 level. The first key resistance is near the $92,000 level, the trend line, and the 61.8% Fib retracement level of the recent decline from the $93,771 swing high to the $89,225 low. The next resistance could be $92,800. A close above the $92,800 resistance might send the price further higher. In the stated case, the price could rise and test the $93,200 resistance. Any more gains might send the price toward the $93,500 level. The next barrier for the bulls could be $94,000 and $94,500. Another Decline In BTC? If Bitcoin fails to rise above the $92,000 resistance zone, it could start another decline. Immediate support is near the $90,650 level. The first major support is near the $90,300 level. The next support is now near the $89,250 zone. Any more losses might send the price toward the $88,500 support in the near term. The main support sits at $87,250, below which BTC might accelerate lower in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $90,650, followed by $90,300. Major Resistance Levels – $91,500 and $92,000.
The Global Sanctions Inflation Index estimated there were just under 80,000 total sanctioned entities and persons globally as of May 2025.
The private talks signal potential shifts in crypto regulation, impacting market dynamics and investor strategies amid ongoing legislative debates.
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VanEck analysts said Bitcoin could handle 5–10% of global trade and make up 2.5% of central bank reserves by 2050, driving its strategic role as a monetary hedge.
Cloudflare data shows a near-total blackout as demonstrations calling for regime change spread and authorities tighten control.
Cardano (ADA) may be nearing the end of a multi-month corrective phase that closely resembles its 2020 setup, according to a new technical analysis video posted Wednesday by crypto analyst Quantum Ascend. The analyst argues that a similar “lower trendline reset” preceded ADA’s prior breakout cycle, and that several weekly indicators are now starting to turn. Cardano’s 2020 Fractal Is Back In a Jan. 7 video shared on X, Quantum Ascend said he is looking at ADA’s weekly chart through a macro, multi-leg corrective framework. “On a macro count for ADA, you’re looking at an A, B, C, D, and right now waiting on an E,” he said, framing the current market structure as the late stage of a broader consolidation rather than a fresh downtrend. That “E” leg matters in their model because it effectively marks the final phase of a wedge-like compression. Quantum Ascend pointed to an upper trendline, Fibonacci levels, and prior work published in a mid-December video to justify upside targets once the structure completes. “Essentially you have upper trendline, you have some Fib stuff in play, I have a conservative of five bucks, primary up there at $10,” he said. “And then after that, I think it gets ugly for crypto for a little while, so still a believer that alt season is ahead of us.” Related Reading: Is Cardano Entering a New Phase? Technical Strength, ETF Watch, and Ecosystem Direction Align The core of the argument, however, wasn’t the targets themselves, it was the claimed resemblance to an earlier Cardano correction. Quantum Ascend overlaid a historical “fractal” to highlight comparable price behavior: a move up to a similar level, a pullback, another push into resistance, and then a wick that tagged roughly the same area on the overlay. “This correction right here that I just took this from, look at how similar it is to that correction that we just had,” he said. “Obviously it’s not perfect, but if you tried to get it close from a price structure standpoint… look where that wick on 10.10 went, exactly right there.” In the analyst’s telling, that prior pattern was the market’s way of forcing ADA down to establish a lower trendline before the next expansion. “So this is the same exact move that Cardano had to come down to set the lower trendline,” he said. “So right now setting the lower trendline, before it went on a blast off.” He then referenced the scale of Cardano’s last major run as a reminder of what altcoin cycles have historically looked like when momentum turns. “And how far did it end up running? Well, it ended up going 170X from that point in time, from a penny all the way up to $3,” Quantum Ascend said, using that move as context for why double-digit targets don’t automatically fall into the “impossible” bucket during late-cycle expansions. Related Reading: Cardano Founder Addresses ADA Dump Rumors, Is He Behind The 80% Price Crash? The more immediate claim is that the upside implied by a $10 target is not unprecedented in percentage terms compared with prior alt cycles. “When you’re looking at how far that $10 mark is from where we’re at right now, I mean 22X, right? 25X,” he said. “What was this alt season back here? This alt season was just 2021… That was a 21X… So it’s not unreasonable to be looking for 24X there. And then even on the conservative side, more of a 12X.” On indicators, Quantum Ascend highlighted early signs of a weekly momentum shift rather than a confirmed breakout. “You have a completed ABC. This thing’s ready to turn back around,” he said, adding that broader market conditions looked supportive of a bounce. The analyst also pointed to the weekly RSI beginning to lift after an extended period near lows. “Look at the RSI here on the weekly, finally starting to curl up off the floor. We’ve been down on the floor since October 27th that week, finally getting a little juice.” The analyst described negative momentum as “been decreasing,” and referenced an “ABC” structure on MACD as another piece of the same turning narrative. “A lot of these major moves happen when the weekly RSI goes from low to high,” Quantum Ascend said, arguing that higher timeframes can be slower but more reliable when they finally rotate. Quantum Ascend closed by saying he remains constructive on the project even without a current position. “I am a big believer in this project. I don’t hold any right now. It’s just the way that my portfolio has worked out,” he said. “But I do believe that there’s going to be some massive upside coming to Cardano.” At press time, ADA traded at $0.3925. Featured image created with DALL.E, chart from TradingView.com
Trump was responding to a reporter who also asked about pardon requests for other high-profile figures, including Sean “Diddy” Combs.
Prediction markets see low odds of a clear Supreme Court ruling on tariffs, a setup that has previously triggered short-term volatility in bitcoin, which then stabilized.
Bank of America has upgraded Coinbase's rating on reversing short interest and tax-loss harvesting, while the exchange is broadening its vision to put the financial system onchain.
New York lawmakers will soon review a bill that seeks to ban certain sports and political event contracts in the state, among others.
The founder of CryptoQuant doesn’t think Bitcoin will see a major crash of more than 50% like past bear markets and instead sees sideways action ahead. Bitcoin Has Seen A Slowdown In Realized Cap Recently In a new post on X, CrypotQuant founder and CEO Ki Young Ju has talked about how capital inflows into Bitcoin have dried up recently. The on-chain indicator that Young Ju has cited is the “Realized Cap,” which measures the cryptocurrency’s total value by assuming that the value of each token in circulation is equal to the last time that it changed hands. In short, what the Realized Cap signifies is the total amount of capital that the investors of the asset as a whole have put into the network. Changes in the metric, therefore, signify the exit or entry of capital relative to BTC. As displayed in the above graph, the Bitcoin Realized Cap enjoyed sharp growth between late 2023 and late 2025, indicating that the coin was receiving continuous injections of capital. Related Reading: Bitcoin Bounce A Bull Trap? Analyst Sees 2022-Style Bear Flag Recently, however, the uptrend in the indicator has seemingly broken, with its value facing a small net decline. In the past, bull markets have coincided with an upward trajectory in the Realized Cap, with a transition to weak inflows or net outflows leading into bearish phases. Considering that the metric’s trend is now hinting at the latter type of market conditions, it’s possible that a bearish transition might be occurring for the cryptocurrency. That said, the analyst has pointed out that the latest cycle isn’t the same as the ones from before. “Liquidity channels are more diverse now, so timing inflows is pointless,” noted Young Ju. “Institutions holding long-term killed the old whale-retail sell cycle.” Examples of demand channels that didn’t exist before include treasury companies like Strategy and investment vehicles like the spot exchange-traded funds (ETFs). “I don’t think we’ll see a -50%+ crash from ATH like past bear markets,” said the CryptoQuant founder. “Just boring sideways for the next few months.” It now remains to be seen what trajectory Bitcoin will end up following. In some other news, on-chain demand as gauged by the Realized Cap isn’t the only one that has declined recently. As CryptoQuant community analyst Maartunn has highlighted in an X post, demand from retail investors has also been missing. In the chart, the metric shown is the 30-day percentage change in the volume associated with the retail investors, the smallest of hands on the network. This indicator has been negative lately, implying that the volume of transactions valued at less $10,000 has been declining on a monthly timeframe. Related Reading: Solana ETF Volume Explodes: Anomaly Or New Normal? This hasn’t changed even after the recent recovery surge in Bitcoin. “The crowd hasn’t returned—yet,” noted Maartunn. BTC Price At the time of writing, Bitcoin is floating around $89,900, up 2% in the last seven days. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
The founder of ARK Invest said crypto was 'part of the reason [Trump] won the presidency,' and could be a politically salient midterm topic.
Bitcoin is struggling to maintain the $90,000 level after a sharp rejection from the $94,000 resistance zone, keeping market sentiment sharply divided. While some analysts argue that BTC is entering a deeper corrective phase, others believe the pullback is a necessary reset before a renewed upside attempt. The current price action reflects this uncertainty, with volatility rising as buyers and sellers battle for short-term control. Related Reading: Bitcoin Tests Key Resistance While $4.7B In Sell-Side Liquidity Builds According to an analysis shared by Axel Adler, Bitcoin’s short-term risk structure remains fragile. His short-term risk chart places BTC below the Short-Term Holder (STH) Cost Basis, currently estimated near $100,200. Price is also trading beneath all major moving averages, including the 128-day, 200-day, and 365-day SMAs, reinforcing the view that the broader structure is still bearish. At current levels around $91,000, Bitcoin sits in a moderate risk zone, positioned between the STH Cost Basis and the -15% downside boundary. This positioning suggests that recent rebounds should be treated cautiously. Until BTC reclaims the STH Cost Basis, upside moves are more likely to represent technical bounces within a downward trend rather than a confirmed reversal. Conversely, a breakdown below the moderate risk boundary would signal rising downside risk and could accelerate selling pressure. As a result, the $90K–$100K range remains a critical battleground for Bitcoin’s next directional move. STH Losses Continue To Cap Bitcoin’s Upside Adler’s analysis also highlights a second critical framework: the chart tracking Bitcoin’s all-time highs alongside euphoria zones and the Short-Term Holder Market Value to Realized Value (STH MVRV) indicator. This metric measures the ratio between Bitcoin’s current market price and the average realized price of coins held by short-term investors, offering a direct view into the profitability—and behavior—of this highly reactive cohort. At present, STH MVRV sits near 0.92, well below its historical mean of roughly 1.09 and decisively under the neutral level of 1.0. In practical terms, this implies that the average short-term holder is holding an unrealized loss of about 8%. Historically, periods where STH MVRV remains below 1.0 have tended to coincide with either capitulation phases or extended consolidation ranges, rather than sustained bullish expansions. The last clear euphoria zone on this chart appeared during the all-time high update in October 2025, underscoring how far current conditions are from a speculative extreme. As long as STH MVRV remains below breakeven, short-term holders are incentivized to sell into rallies as the price approaches their cost basis. This behavior creates persistent overhead supply and reinforces structural resistance near the STH Cost Basis, close to the $100,000 level. Consequently, reclaiming that zone is not just a psychological milestone but a necessary condition for any meaningful regime shift back to a bullish market structure. Related Reading: XRP Sees Back-to-Back Liquidation Waves: Binance Absorbs Majority Of Liquidations Bitcoin Price Recovery Lacks Confirmation Bitcoin’s price action on the daily chart reflects a market still trapped in a fragile recovery attempt after a sharp rejection from higher levels. Following the failed breakout above the $94,000–$95,000 area, BTC experienced a decisive sell-off that pushed the price back toward the $85,000 zone, where buyers stepped in aggressively. This reaction marked a short-term bottom, but the subsequent rebound has so far lacked structural strength. At present, Bitcoin is trading near the $90,000–$91,000 region, a former support that has now turned into a key pivot. Price remains below the 200-day and 365-day moving averages, both of which are sloping downward and acting as dynamic resistance. The 128-day moving average has also capped recent upside attempts, reinforcing the idea that the broader trend remains corrective rather than impulsively bullish. Related Reading: Bitcoin Enters Accumulation Regime: Market Supported By Seller Exhaustion, Not Buying Surge From a structure standpoint, the chart shows a sequence of lower highs since the October peak, suggesting that sellers continue to control the macro trend. Volume expanded notably during the November–December sell-off, while the current bounce is unfolding on comparatively lighter participation. This divergence implies that the move higher may be more short-covering driven than supported by strong spot demand. Unless Bitcoin can reclaim and hold above the $94,000–$95,000 resistance zone with increasing volume, the risk of another rejection remains elevated. Failure to do so could reopen the path toward the $85,000 support, where the market would once again be forced to prove its underlying strength. Featured image from ChatGPT, chart from TradingView.com
The recent crypto market correction was driven mainly by investor de-risking following MSCI’s Oct. announcement, JPMorgan said.
Crypto analyst Bird has indicated that the XRP price may be on course to record its greatest rally ever. The analyst alluded to the falling Bitcoin dominance as the reason why the altcoin could surge soon enough, noting how this development has preceded previous XRP rallies. Analyst Predicts Huge XRP Price Rally On The Horizon In an X post, Bird predicted that the XRP price is set to record its strongest rally yet based on the breakdown in Bitcoin’s dominance. This came as he noted that BTC.D dropped hard the last three times when XRP went truly parabolic, in 2018, 2021, and 2024. The 2018 run was when XRP rallied to its previous all-time high (ATH). Related Reading: Why XRP Is About To Experience A Legendary Next 3 Months Bird stated that after that first XRP price ATH between 2018 and 2021, the Bitcoin dominance began to trend back up. The BTC.D then backtested the trend and rebuilt strength before eventually rolling over. Once that rollover occurred, XRP went parabolic again in 2021. A similar scenario is said to have played out in 2024, as Bitcoin’s dominance dropped sharply through the trendline, briefly breaking down and triggering the surge. The analyst noted that the move in 2024 didn’t fully commit as Bitcoin’s dominance recovered and the breakdown failed. However, the attempt was enough to send the XRP price flying, reaching all-time highs. Bird reiterated that XRP is sensitive to a breakdown in Bitcoin’s dominance, even temporarily. Now, a similar move could be playing out again, which could send the XRP price to new highs. Bird stated that between 2023 and 2025, the Bitcoin dominance has trended up once more, broke down through the trend, backtested it from underneath, and is now chopping and rolling over. The analyst added that this is the same historical area where XRP has gone parabolic before, but that this time the setup is even bigger. The Altcoin Could Rally To Double Digits The analyst again alluded to the 2024 run. He stated that if a brief uncommitted breakdown in Bitcoin’s dominance was enough to send the XRP price surging, then a confirmed breakdown would be exponentially stronger. In line with this, Bird remarked that the next move is the one that sends XRP into double digits and beyond. Related Reading: Analyst Updates XRP Price Prediction: Why $16 Is Still On The Table Bird stated that the key difference is what comes next, as this next move isn’t just a fake-out or a shallow drop. Instead, it is the one where the Bitcoin dominance finally loses the trend for good and breaks down hard toward the lower boundary, around the 44 to 40% region. He added that when that happens officially, the XRP price doesn’t just run but enters true price discovery. At the time of writing, the XRP price is trading at around $2.14, down almost 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
The president told the New York Times he won't pardon ex-FTX CEO SBF, nor will he be granting help to Sean Combs or Venezuela's Nicolás Maduro.
The era of the hooded hacker hoarding Bitcoin in a dark web wallet is over. In 2025, the center of gravity in the illicit cryptocurrency economy shifted decisively away from the volatility of the original cryptocurrency and toward a dense, dollar-linked shadow system. According to new Chainalysis data shared with CryptoSlate, stablecoins accounted for 84% […]
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Divisions within the CFTC have given the green light for crypto-focused exchange Bitnomial to offer event contracts.