In Brief XRP open interest surged by $1.6 billion this week, reflecting bullish trader sentiment and anticipation of price recovery. Positive funding rates and active positioning show traders are optimistic, but loss-heavy transaction volumes signal caution. Consolidation persists between $2.18-$2.73; breaching resistance could target the $3.31 ATH, while support failure risks $1.94. XRP has struggled…
Read more
In Brief A Meta shareholder has proposed allocating a portion of the company’s $72 billion cash reserves to Bitcoin. The proposal cites BTC’s potential as a hedge against inflation and its superior performance compared to traditional assets. Meanwhile, the proposal aligns with the growing advocacy for corporate Bitcoin adoption around the globe. A shareholder in…
Read more
In Brief Ripple and MoonPay have donated $50,000 in RLUSD stablecoin to the Los Angeles Fire Department Foundation. The donation is part of Ripple’s Ripple Impact initiative, which has contributed over $170 million globally. This effort highlights the growing role of cryptocurrency in addressing real-world challenges, including disaster relief. Ripple and MoonPay have joined forces…
Read more
In Brief XRP price dropped 4% in a week, with trading volume declining 33%, reflecting weak market momentum. Whale addresses holding 10 million and 100 million XRP increased slightly, signaling cautious accumulation. CMF indicator improved from -0.24 to -0.07 but remains negative, suggesting limited buying pressure. XRP’s price has dropped over 4% in the past…
Read more
In Brief European crypto ETPs are experiencing significant investment inflows, driven by increased investor confidence in digital assets. Diversification is key, with growing interest in ETPs for other cryptocurrencies and tokenized assets. Finding the right balance between investor protection and innovation is central for continued growth of European ETPs. European crypto exchange-traded products (ETPs) have…
Read more
In Brief Fantom price rises 3% in 24 hours but is still down 20% weekly, reflecting bearish market challenges and waning whale activity. ADX for FTM dropped to 31.4, signaling a weakening downtrend, with potential consolidation ahead if buying momentum stabilizes. Whales holding between 1 million and 10 million FTM dropped to a two-month low,…
Read more
In Brief Hyperliquid falls 15% in seven days, dropping to 25th place by market cap amid transparency and centralization concerns. DMI shows bearish control intensifying, with selling pressure surging and a strengthening downtrend reflected in the ADX at 27.5. BBTrend turns positive, suggesting easing selling pressure and potential stabilization if buying momentum improves. Hyperliquid (HYPE)…
Read more
In Brief The total crypto market cap dropped by $57 billion to $3.19 trillion, testing $3.16 trillion as critical support. Bitcoin trades at $93,675, holding $93,625 support, with recovery to $95,668 needed to regain bullish momentum. THORChain (RUNE) fell 18% to $3.25, nearing $2.93 support, but recovery above $3.43 could reverse bearish trends. The total…
Read more
In Brief Hedera price plunges 12.5%, with trading volume nearing $1B, as bearish indicators like ADX and Ichimoku Cloud highlight downside risks. ADX drops to 27.9, signaling a weakening downtrend, though selling pressure remains strong; consolidation may follow if momentum fades. A death cross could lead HBAR to $0.23, but holding key supports might enable…
Read more
In Brief Donald Trump’s NFT collection, “Trump Bitcoin Digital Trading Cards,” debuts with 160 pieces on the Bitcoin network. The collection includes 200 cards in total, with incentives for buyers and availability via Magic Eden’s NFT marketplace. The broader NFT market faces oversaturation, though Bitcoin and Ethereum lead 2024 sales with over $3.1 billion. Donald…
Read more
