A report that the U.S. and Iran are discussing a 45-day ceasefire lifted risk assets across the board on Monday, with short liquidations outpacing longs nearly 3-to-1 in the past 12 hours.
April 6 could be one of the more important days in Pi Network’s history. The project has set it as the hard deadline for its Protocol v21.2 upgrade, and this one is not up for debate. What makes the timing interesting is what just happened before it. Pi Network crossed 526 million KYC checks and …
XRP price started a recovery wave above $1.3200 and $1.3220. The price is now consolidating and might aim for a fresh move above $1.3480. XRP price started a recovery wave above the $1.3220 zone. The price is now trading above $1.3300 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $1.3085 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.350. XRP Price Gains Some Ground XRP price remained supported above $1.280 and started a recovery wave, like Bitcoin and Ethereum. The price was able to climb above $1.3120 and $1.320 to enter a short-term positive zone. There was also a move above the 50% Fib retracement level of the downward move from the $1.3678 swing high to the $1.2801 swing low. Besides, there was a break above a bearish trend line with resistance at $1.3085 on the hourly chart of the XRP/USD pair. The bulls even pushed the price above $1.320 but they struggled near $1.3480. The price is now trading above $1.330 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $1.3480 level or the 76.4% Fib retracement level of the downward move from the $1.3678 swing high to the $1.2801 swing low. The first major resistance is near the $1.350 level. A close above $1.350 could send the price to $1.40. The next hurdle sits at $1.4120. A clear move above the $1.4120 resistance might send the price toward the $1.4250 resistance. Any more gains might send the price toward the $1.4450 resistance. Another Drop? If XRP fails to clear the $1.350 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.3240 level. The next major support is near the $1.320 level. If there is a downside break and a close below the $1.320 level, the price might continue to decline toward $1.3120. The next major support sits near the $1.280 zone, below which the price could continue lower toward $1.2650. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $1.3240 and $1.3120. Major Resistance Levels – $1.3500 and $1.4000.
Crypto markets are in the green on Monday, with Bitcoin, Ethereum and XRP all posting modest gains after weeks of subdued price action. Bitcoin is trading around $69,137, up 3% in 24 hours. Ethereum has climbed to $2,131, gaining nearly 4%. XRP is holding near $1.33, up roughly 2% on the day. Iran Talks Are …
Skepticism over a ceasefire highlights geopolitical tensions, impacting market confidence and delaying potential diplomatic resolutions.
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Market skepticism highlights the fragile nature of diplomatic efforts, with potential geopolitical and economic ramifications if talks fail.
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Bitchat launched in July last year and has been used during protests in Madagascar, Uganda, Nepal, Indonesia and Iran as authorities attempted to restrict usage of the internet.
Bloomberg's Mike McGlone has reiterated his forecast that Bitcoin could plunge to $10,000, this time anchoring his outlook to a clear line in the sand: $75,000.
Michael Saylor posted "back to work" on X on Sunday, signaling a potential Bitcoin purchase after the firm paused buying last week.
Ethereum price managed to stay above $2,020 and recovered losses. ETH is now rising and might attempt a move above the $2,150 resistance. Ethereum started a decent upward move above the $2,065 zone. The price is trading above $2,080 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,065 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,150 resistance. Ethereum Price Aims Higher Ethereum price remained stable above $2,020 and started a decent upward move, beating Bitcoin. ETH price climbed above the $2,050 and $2,065 resistance levels. There was a break above a key bearish trend line with resistance at $2,065 on the hourly chart of ETH/USD. The bulls pumped the price above the 50% Fib retracement level of the downward move from the $2,168 swing high to the $2,017 low. Ethereum price is now trading above $2,080 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,065, the price could attempt another increase. Immediate resistance is seen near the $2,140 level or the 83.2% Fib retracement level of the downward move from the $2,168 swing high to the $2,017 low. The first key resistance is near the $2,150 level. The next major resistance is near the $2,180 level. A clear move above the $2,180 resistance might send the price toward the $2,220 resistance. An upside break above the $2,220 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,350 resistance zone or even $2,380 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,150 resistance, it could start a fresh decline. Initial support on the downside is near the $2,080 level. The first major support sits near the $2,065 zone. A clear move below the $2,065 support might push the price toward the $2,020 support. Any more losses might send the price toward the $1,980 region. The main support could be $1,965. 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 above the 50 zone. Major Support Level – $2,065 Major Resistance Level – $2,150
US President Donald Trump threatened Iran could be "living in Hell" if it doesn't open the Strait of Hormuz, though he also told reporters that a deal with Iran is getting close.
Escalating tensions and military posturing suggest a prolonged conflict, impacting regional stability and global geopolitical dynamics.
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Rising odds of U.S. military action in Iran highlight escalating geopolitical tensions, potentially destabilizing regional and global security dynamics.
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The liquidation highlights market resilience and cautious optimism, but traders remain wary amid geopolitical tensions and uncertain trends.
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Geopolitical tensions and macroeconomic factors can swiftly impact crypto markets, highlighting the volatility and unpredictability for traders.
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The escalating conflict diminishes hopes for a swift resolution, impacting regional stability and increasing market volatility.
The post Ceasefire odds plummet as Iran war escalates, April 7 market at 1% YES appeared first on Crypto Briefing.
Iran's stance heightens geopolitical tensions, diminishing ceasefire prospects and necessitating significant diplomatic interventions.
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The Rwanda central bank's warning came after Bybit added the Rwanda Franc to its list of assets that its peer-to-peer platform can use to trade for crypto.
Bitcoin price started a decent increase above the $68,000 zone. BTC is now showing positive signs and might gain further if it clears $69,250. Bitcoin gained pace for a move above the $67,500 and $68,000 levels. The price is trading above $68,500 and the 100 hourly simple moving average. There was a break above a bearish trend line with resistance at $67,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $69,250 and $69,500 levels. Bitcoin Price Gains Traction Bitcoin price managed to climb higher above the $67,250 resistance zone. BTC gained pace for a move above the $67,500 and $68,000 levels. There was a break above a bearish trend line with resistance at $67,650 on the hourly chart of the BTC/USD pair. The pair even climbed above $69,000. A high is formed at $69,256, and the price is now consolidating above the 23.6% Fib retracement level of the upward move from the $65,688 swing low to the $69,256 high. Bitcoin is now trading above $68,000 and the 100 hourly simple moving average. If the price remains stable above $68,500, it could attempt a fresh increase. Immediate resistance is near the $69,250 level. The first key resistance is near the $69,500 level. A close above the $69,500 resistance might send the price further higher. In the stated case, the price could rise and test the $70,000 resistance. Any more gains might send the price toward the $71,500 level. The next barrier for the bulls could be $72,000. Another Decline In BTC? If Bitcoin fails to rise above the $69,250 resistance zone, it could start another decline. Immediate support is near the $68,800 level. The first major support is near the $68,500 level. The next support is now near the $67,500 zone or the 50% Fib retracement level of the upward move from the $65,688 swing low to the $69,256 high. Any more losses might send the price toward the $67,000 support in the near term. The main support now sits at $66,500, below which BTC might struggle to recover 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 – $68,500, followed by $68,000. Major Resistance Levels – $69,250 and $69,500.
Rising odds of US military action in Iran could destabilize regional geopolitics and impact global markets significantly.
The post Odds for US forces entering Iran by April 30 rise to 86% amid market shifts appeared first on Crypto Briefing.
Rising odds of US military action in Iran could destabilize regional geopolitics, impacting global markets and diplomatic relations.
The post Odds of US forces entering Iran by April 30 surge to 86% as traders react appeared first on Crypto Briefing.
The range of discounts in crypto token secondary markets has widened in recent months. Here’s what's going on in that market.
The diplomatic impasse heightens geopolitical tensions, reducing near-term ceasefire prospects and impacting global market stability.
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Iran's ceasefire push suggests a strategic pivot towards enduring conflict, impacting market expectations and diplomatic dynamics.
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The proposed ceasefire could shift focus towards diplomacy, but skepticism and market trends suggest a prolonged resolution timeline.
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The push for a ceasefire highlights potential de-escalation, but significant diplomatic efforts are needed for meaningful progress.
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The increased odds highlight growing instability concerns, but traders remain cautious, seeking more substantial signs of regime change.
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Rising odds of US ground forces in Iran suggest potential for prolonged conflict, impacting geopolitical stability and market dynamics.
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The increased likelihood of US forces entering Iran suggests potential for prolonged military engagement, impacting regional stability and global markets.
The post US forces entering Iran by April 30 now 86% likely after colonel’s rescue appeared first on Crypto Briefing.
Escalating US-Iran tensions over dollar control could destabilize global markets, impacting energy trade and diplomatic relations worldwide.
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