Markets

XRP price started a fresh decline below the $0.520 zone against the US dollar. The price is now trading below $0.50 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.492 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it breaks the $0.472 support zone. XRP price is struggling below $0.50 against the US Dollar, like Bitcoin. The price could decline...

After the more volatile end of the business week, the weekend continues to be rather dull in terms of BTC’s price performance, with the asset stuck below $27,000. The altcoins also trade quietly, with minor gains charted by DOGE and ADA, while SOL is down by about 1%. BTC Boring Below $27K Bitcoin was riding high last week, as it even challeged $28,000 on a few occasions. However, it failed there, perhaps due to the global uncertainty propelled by the latest conflict between...

Coinbase – which happens to be the largest US crypto platform – registered nearly $76 billion in spot trading volume, according to a new Bloomberg report. This marks a 52% decrease compared to the same period last year, and it is likely the lowest figure recorded since well before the company’s high-profile direct listing on the Nasdaq Stock Market in April 2021, which occurred just months before the peak in crypto prices. Trading volume serves as a vital metric for...

Zero-transfer phishing scams have continued to plague the crypto space, with bad actors siphoning millions of digital assets from unsuspecting victims. Blockchain analytics platform Bitrace revealed that the damage scale for zero-transfer phishing scams has increased significantly, with market participants losing more than 451 million Tether (USDT) on the Tron network. Investors Lose $451M USDT to Phishing on Tron Zero-transfer phishing is a new scamming technique that allows...

Bitcoin’s Layer 2 Lightning Network has witnessed a 1,212% growth in just two years. In August 2023, the network recorded approximately 6.6 million routed transactions, a substantial increase compared to the 503,000 transactions observed in August 2021, according to River’s Bitcoin-only exchange data. Surprising Growth Amidst Market Challenges River’s research analyst, Sam Wouters, shed light on this remarkable growth in an Oct. 10 report. Despite a 44% drop in Bitcoin’s...

In the fast-paced world of cryptocurrency, shrewd investments are the gateway to true wealth. On that note, XRP and Bitcoin Spark (BTCS) are leading the pack in financial opportunities in the crypto market. XRP Lawsuit The XRP lawsuit began in December 2020, when the United States Securities and Exchange Commission (SEC) accused Ripple and two of its executives of violating securities regulations in the initial and subsequent XRP token sales. Almost three years later, on July...

Bitcoin’s price tried to take over the $27,000 level in the past 24 hours, but the bears didn’t allow it, and the asset remains inches below that line. Most altcoins are with minor 24-hour gains after the recent price plunges, with XDC becoming today’s top performer. BTC Fails at Reclaiming $27K It was less than a week ago – last Sunday – when the primary cryptocurrency was trading a lot higher and was sitting well above $28,000. However, the Israel-Hamas conflict played its...

TL;DR Recent data suggests XRP adoption is still in early stages, with over 3.6 million wallets holding less than 500 XRP; around 17% of total XRP wallets (4.8 million) were created since the start of 2023, indicating rising interest. Large investors, or “whales,” have been accumulating XRP, with their holdings representing 27% of the total circulating supply, up from a previous value of $7.16 billion in October 2022. Analysts are optimistic about XRP’s future value,...

TL;DR Loom Network (LOOM) saw a 30% price surge, reaching a 5-year high of $0.28, possibly influenced by an Upbit investor purchasing over 21M LOOM worth around $6 million. This investor now holds 653 million LOOM assets, equating to 50% of the total circulating supply. Major cryptocurrencies like Bitcoin, Ether, and others are on a decline, with global market capitalization dropping below $1.1 trillion. The cryptocurrency market seems to be in a bearish mode, but a few...

Cryptocurrency investors have experienced a period of financial instability in recent times. However, the massive presale success of Everlodge has provided them with a renewed sense of optimism. Experts have also opined that this new project can trigger the next market bull run. On the other hand, cryptocurrencies like Cardano (ADA) and Toncoin (TON) have declined sharply to surrender to the market bears. Therefore, their investors are willing to invest in ELDG. Visit the...