Altcoins

The Financial Stability Board (FSB) has revealed that many stablecoins will not meet the standards stipulated in its recommendations for crypto asset regulations that will be released later this year. The regulator noted that the recommendations would be aimed at maintaining effective “stabilization” mechanisms and strengthening redemption rights. The FSB is a global organization that oversees and provides guidance on the stability and resilience of the international...

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Stellar lumen price is facing a major resistance near the $0.095 zone against the US Dollar. XLM price is now trading above $0.090 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.0900 on the 4-hours chart (data feed via Kraken). The pair could start a decent increase if it clears the $0.0935 and $0.095 resistance levels. Stellar lumen price is trading above $0.0900 against the US Dollar, similar to bitcoin. XLM...

Ripple price started a fresh decline from the $0.4050 zone against the US dollar. The price is now trading above $0.3850 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3950 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it stays below the $0.4050 resistance zone. Ripple price is struggling below $0.4050 against the US Dollar, similar to bitcoin. XRP price...

Bitcoin’s volatile performance as of late continued in the past 24 hours as the asset touched $25,000 once again before falling back down by $500. Several altcoins are well in the green as well, with OKB stealing the show and tapping a new all-time high beyond $50. Bitcoin Stopped at $25K Again It was just several days ago when the primary cryptocurrency had dipped to $21,500 amid the ongoing regulatory scrutiny by the United States authorities. However, the landscape changed...

The past seven days saw Bitcoin’s price increase by a whopping 10% in a few violent green candles that took place in the span of a couple of days. This brought a lot of positivity to the industry, and the total capitalization is also up by about $100 billion. At the time of this writing, BTC trades at around $24K, but it managed to paint a fresh high of above $25K for the first time since the summer of 2022. This has also had an impact on the entire market, as most of the...

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