ICP led today's gains in the CoinDesk 20 Index with a 26.1% rise.
Crypto analyst Dark Defender has shared an extremely bullish technical analysis on XRP via X, suggesting a bullish reversal and the possibility of “God Candles.” The analysis uses a variety of technical indicators and chart patterns to project an optimistic outlook for XRP. XRP Price Poised For ‘God Candles’? The core of Dark Defender’s (@DefendDark) analysis is focused at two indicators which suggest a change of trend. The first one is the breakout above a descending trendline. This move is critical as it means that XRP eliminated its first key resistance and suggests a potential reversal from the downward trend which started in mid-March. It is particularly noteworthy as it indicates a shift in market sentiment from bearish to bullish. Supporting this trend reversal is the Fisher Transform indicator, which is crucial for identifying major price reversals. The Fisher Transform uses price data to produce a Gaussian normal distribution to signal potential changes in market direction. Related Reading: XRP Resilience Sparks Further Gains As Price Surpasses $0.466 Level On the weekly chart, a ‘Golden Cross’ is visible where the faster line of the Fisher Transform crosses above the slower line, typically a bullish signal in market analysis. This event is essential as it provides confirmation of the trend reversal signaled by the breakout from the descending trendline. “Ladies & gentlemen, XRP had the highly bullish Reversal approval for the Fisher Indicator weekly. Initial resistance instantly broke at $0.4623!” the crypto analyst remarked. However, it’s important to note that the digital asset is still navigating below the Ichimoku Cloud, indicating that resistance still lies ahead. The Ichimoku Cloud is a comprehensive indicator that provides insight into the momentum and future areas of support and resistance. Related Reading: XRP Price Eyes Colossal 280% Breakout Amid CME Group Partnership While the breakout from the descending trendline and the bullish Fisher Transform signal are promising, the price remaining below the Cloud suggests that XRP has yet to clear all hurdles and establish a stronger bullish presence. Additionally, the chart also details several key Fibonacci levels that are critical for understanding the next potential resistance and support zones. After breaking the initial resistance at $0.4623, XRP is currently testing the interim Fibonacci level at $0.5286. Dark Defender emphasizes the significance of the price closing above this level to sustain the bullish momentum: “Our interim Fibonacci Level, $0.5286, is being tested. It would be great to close this week’s candle above $0.53.” Notably, the XRP price didn’t manage to close the week above this price. Despite that, XRP is currently continuing the upward trend, trading above $0.53 today. The next resistance point to level is at $0.6044. Surpassing this level could lead to the creation of multiple “God Candles,” suggesting a rapid and sustained increase in price. Dark Defender remarked, “Next week, we will test the secondary mid-level resistance of $0.6044. It’s crucial not to underestimate the master fundamental level for XRP, which is $0.6649. Above it, we can expect multiple God Candles, which will open the path to Heaven’s Stairway.” At press time, XRP traded at $0.53494. Featured image created with DALL·E, chart from TradingView.com
Bitcoin miners have reduced their selling activity, with $62 million worth of Bitcoin currently being held as the price surpasses $62,000. Post-April 2024 halving, miners initially escalated their selling to manage operational costs due to halved rewards. The chart from Glassnode illustrates a noticeable decrease in the 30-day percent of mined supply sold, coinciding with […]
The post Miner selling slows with reserves increasing by $62 million BTC appeared first on CryptoSlate.
The post Here’s Why Surpassing $65,000 May be an Uphill Battle for the Bitcoin (BTC) Price Rally appeared first on Coinpedia Fintech News
The crypto markets have turned bullish as the token reclaimed the 200-day MA levels, which acted as strong resistance in the past few days. This technical signal is coupled with the 1-day bullish divergence second drive. The token appears to have accomplished the correction at the moment and, hence, is believed to remain elevated throughout …
Plus: Another all-time high for Trump's odds of victory; bettors think bitcoin will continue its green streak until the end of week.
The post Top AI Tokens Ready For A Break Out Rally This Week! appeared first on Coinpedia Fintech News
The cryptocurrency market has started the third week of July with a strong bullish sentiment, highlighting a positive outlook for the tokens this week. Further, with the price of Bitcoin holding its value above the $63K mark, top altcoins have recorded a bullish price action. Moreover, after recording a bearish price action for a brief …
Surging Bitcoin inflows indicate growing investor confidence in digital assets, potentially driving further market expansion and diversification.
The post Bitcoin funds draw fifth-largest weekly inflow appeared first on Crypto Briefing.
South Korean lawmakers have proposed a bill to delay the implementation of crypto gain tax until 2028. The ruling political party proposed the bill on July 12, citing the current negative sentiments around the crypto industry as the reason for the extension. They stated: “With investment sentiment toward virtual assets deteriorating, some argue that hasty […]
The post South Korea moves to delay crypto tax until 2028 amid market concerns appeared first on CryptoSlate.
Binance, the world’s largest crypto exchange by trading volume, posted a puzzling image on X on Monday that could hint at major upcoming developments for the Shiba Inu ecosystem. The image, which showed a Shiba Inu dog next to two oranges on a piece of luggage wrapped in Binance’s signature yellow ribbon, was captioned “pawsitively […]
Confidential computing could be the fourth layer of blockchain technology, which was the missing element for mass institutional adoption.
The post Bitcoin Will Rally To $100K After Fourth Quarter, Here’s Why appeared first on Coinpedia Fintech News
Dan Weiskopf, Portfolio Manager of Tidal Financial Group, sat down for a conversation with David Lin and discussed Bitcoin’s future outlook. The focus was on Bitcoin’s future, especially its potential to reach $100,000. The talk also touched on recent market trends, noting strong interest in Bitcoin ETFs as a possible boost for its price. Looking …
The latest price moves in bitcoin (BTC) and crypto markets in context for July 15, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Digital asset investment products experienced consecutive inflows this month, with $1.44 billion recorded last week, per CoinShares‘ latest weekly fund flow report. This recent inflow raised the year-to-date total to a record $17.8 billion, surpassing the $10.6 billion inflows of 2021. However, trading volumes stayed low at around $8.9 billion, compared to the seven-day average […]
The post Digital assets see record $17.8 billion YTD inflows as Bitcoin and Ethereum lead the charge appeared first on CryptoSlate.
Gradwell's appointment at Tether could enhance regulatory engagement and solidify USDT's role in global finance, supporting dollar hegemony.
The post Tether hires ex-Chainalysis economist Philip Gradwell as head of economics appeared first on Crypto Briefing.
Solana (SOL) price is currently on a bullish move, climbing over 5% in the last 24 hours with strong bullish momentum toward the $160 resistance mark. Analyzing Solana’s growing momentum reveals that it could be fueled by recent active buyers’ activity in the market and optimism that the digital asset could be poised for further gain. As Solana draws closer to the $160 mark, we will delve into an in-depth examination of SOL’s upswing based on current price actions, and key indicators supporting this upward trend, exploring what this means for SOL’s future price prospects. SOL’s price is currently trading at around $153 and has increased by 5.66% with a market capitalization of over $71 billion and a trading volume of over $2 billion as of the time of writing. In the last 24 hours, SOL’s market cap and trading volume have experienced an increase of 5.68% and 28.45% respectively. Analyzing Technical Indicators Supporting SOL’s Bullish Trend Currently, the price of Solana on the 4-hour chart with bullish momentum has risen above the 100-day Simple Moving Average (SMA) and the 4-hour bearish trendline. The digital asset has been able to maintain its bullish sentiment since these breaks and could continue its upward move toward the $160 resistance level. Also, the formation of the 4-hour Relative Strength Index (RSI) suggests that SOL’s price may continue its bullish move toward the $160 resistance level as the signal line of the RSI indicator has been maintaining its bullish sentiment above 50% and is currently trending the overbought zone. On the 1-day, the price of SOL has broken above the bearish trendline, and it can be observed that the crypto asset is currently attempting a bullish move above the 100-day SMA towards the $160 resistance level. Since the break above the bearish trendline, Solana has been showing bullish resilience, keeping a steady pace toward the $160 mark. Finally, on the 1-day chart, a careful examination of the formation of the 1-day RSI reveals that SOL could sustain its bullish trend above the 1-day SMA and the bearish trendline toward the $160 resistance mark as the signal line of the indicator has risen above 50% and is currently attempting a move towards the oversold zone. Resistance And Support Levels For Solana To Watch If SOL can maintain its current bullish momentum to hit the $160 resistance level and close above, it may continue to move upward to challenge the $188 resistance level. When this level is breached, the digital asset may experience further price gain toward the $205 resistance level and possibly other levels above. Conversely, should SOL pull back at $160, it will start to decline once more toward the $118 support level. Following a break below this level, the crypto asset may see further price decline to challenge the $99 support level and perhaps other levels below. Featured image from Adobe Stock, chart from Tradingview.com
Gradwell will be responsible for quantifying the Tether economy to regulators.
MakerDAO, the leading DeFi platform, has revealed a significant $1 billion investment in tokenized US Treasury securities in a move that has rocked the crypto industry. This strategic action is likely to change the basic principles of the decentralized finance (DeFi) ecosystem. Related Reading: Coinbase Sounds The Alarm: Crypto Market Rollercoaster To Persist Major Players […]
The post TMTG Stock Surges 70% Following Failed Assassination Attempt appeared first on Coinpedia Fintech News
The Shares of Trump Media & Technology Group Corp. (TMTG) experienced a significant surge in premarket trading on Monday. The company associated with Trump, saw its price skyrocket by 70% reaching $51.70 per share in the pre-market. The substantial increase comes after the failed attack on the former president over the weekend. The surge in …
The Hong Kong Securities and Futures Commission added seven crypto trading platforms to its alert list for operating without licenses, raising concerns over investor safety.
The post Trump-Themed MemeCoin Surges After Assassination Attempt on Donald Trump appeared first on Coinpedia Fintech News
Following a sluggish movement in the memecoin market for the last few weeks, some memecoin has shown exceptional growth in tokens connected to Donald Trump. This surge in value came in the wake of an assassination attempt on former US President Donald Trump during a rally in Pennsylvania. Notably, MAGA (TRUMP) emerged as one of …
The post It’s Time for Spot ETH ETF: Here’s What to Expect from Ethereum Price Rally appeared first on Coinpedia Fintech News
Ever since Bitcoin soared above $60,000, the markets have become hopeful of incoming bullish action. The optimism surrounding the popular tokens has swelled, due to which the Ethereum price has reclaimed levels above $3,300. These bullish signals have now revived the possibility of marking $3,500 as the technicals flash clear buying signals. The spot ETH …
The post There Will Always Be A Crash At Some Point : DOGE Creator appeared first on Coinpedia Fintech News
Shibetoshi Nakamoto, the co-creator of Dogecoin recently stated that there will always be a crash at some point. These remarks came in response to the question of whether the stock market is currently in a bubble. As of July 2024, the S&P 500 has been performing exceptionally well. The technology sector has been a primary …
Bitcoin saw its fifth-largest week of inflows on record, helping it recapture the $60,000 mark, while Ether inflows took second place in anticipation of the US Ether ETFs.
The post Ethereum Price Hits $3.3K, Eyes To Achieve $4K This Week? appeared first on Coinpedia Fintech News
The cryptocurrency market has displayed a strong bullish price action over the past weekend. This resulted in the price of Ethereum reclaiming the $3,300 mark. Further, with the increased bullish sentiment, the ETH price is predicted to record positive action this week. Moreover, with the recent market surge, the Ethereum token’s market capitalization has crossed …
The post Dr. Goertzel’s Account HACKED! Fake Token Giveaway Targets Crypto Fans appeared first on Coinpedia Fintech News
Dr. Ben Goertzel, a leading AI researcher, has recently fallen victim to a cyberattack on his ‘X’ account. The breach, reported by Singularity on Twitter, has left fans and the public on high alert. Everyone is strongly advised to block any communications from this compromised account, as all messages, posts, and offers may now originate …
The asset manager is the largest public holder of bitcoin by virtue of its iShares Bitcoin Trust exchange-traded fund, which now holds more than 300,000 BTC.
Blockchain sleuth ZachXBT suggested that North Korea-backed Lazarus Group orchestrated the $305 million hack of the Japan-based DMM Bitcoin exchange. In a social media post on July 14, ZachXBT pointed out the similarities in the “laundering techniques and off-chain indicators” used by the Lazarus Group and those seen in the movement of funds by the […]
The post North Korea’s Lazarus Group tied to $305 million crypto breach of Japan’s DMM exchange appeared first on CryptoSlate.
Alexey Pertsev, the co-founder and developer behind Tornado Cash, was denied bail by a Dutch court on Friday, according to DLNews.
BTC price gains since the weekend have transformed market sentiment, but not all Bitcoin traders think the good times will return so easily.
Famous crypto enthusiast and founder of Tron DAO, Justin Sun has revealed the main focus for the Tron ecosystem for the third and fourth quarters of the year in the midst of recent heightened optimism witnessed around the ecosystem. Main Focus For The Tron Ecosystem In The Second Half Of The Year During the weekend […]