Markets

Ripple price is struggling to stay above the $0.486 support against the US dollar. The price is now trading below $0.510 and the 55 simple moving average (4 hours). There is a connecting bearish trend line forming with resistance near $0.5010 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start another decline if it stays below $0.5085 and $0.5180. Ripple price is struggling below $0.520 against the US Dollar, unlike Bitcoin. XRP...

Coinbase – one of the world’s largest digital currency exchanges – has ended its staking program in four states. At press time, California, Wisconsin, New Jersey, and South Carolina will no longer be privy to the trading platform’s earn program. Coinbase Earn Program Ends in Various Regions The move is a response to the present lawsuit the company is facing from the Securities and Exchange Commission (SEC). As it stands, the SEC made the claim that Coinbase has...

Grayscale’s victory over the SEC could be seen as a major setback for the financial regulator, which has intensified its enforcement efforts against the cryptocurrency industry. However, this landmark win did not translate into a notable increase in the accumulation of crypto assets in the spot market. In fact, CCData’s latest report disclosed that the losing streak continued in August despite minor fluctuations. Spot Volumes Takes Hit The total trading volume for spot and...

The world’s most valuable company – Apple, with market cap nearing $3 trillion, has reportedly secured the rights to the upcoming book about FTX’s founder – Sam Bankman-Fried. The book will likely be one of the many documentaries, including short TV series, to be released about SBF and his former empire. Apple Gets the Book FTX’s demise was undeniably the biggest news in the second half of 2022 in the cryptocurrency industry, perhaps even in finance. The once-prominent...

Coinbase, the leading digital currency exchange, has rolled out lending services to its prime institutional investors. The organization suggests that the lending feature promotes the crypto market’s development after some shortcomings. Various virtual currency platforms, such as Celsius and Voyager, filed for bankruptcy due to their shortcomings. A filing by the US Securities and Exchange Commission stated that the crypto exchange’s customers had invested $57 million in the...

Bitcoin’s price performance continues in a sluggish fashion, with the asset failing to produce any significant moves in either direction. Several alternative coins have dropped hard over the past day, with SOL leading the adverse charts. BTC Boring Below $26K September has not been the most exciting month in terms of price performance for BTC, at least for now. The asset started the month with a crash to an 11-week low of $25,350, which followed the surge past $28,000 after...

The Commodity Futures Trading Commission (CFTC) announced that it had initiated and successfully settled legal actions against the Opyn, ZeroEx, and Deridex platforms. The three decentralized finance protocols allegedly failed to register various derivatives trading offerings. As stated in the official press release, Deridex and Opyn faced allegations of not registering as a swap execution facility (SEF) or designated contract market (DCM), failing to register as a futures...

After experiencing a significant downward move that brought Bitcoin’s price quickly close to the $25K threshold, bearish momentum has temporarily subsided, giving way to a phase of consolidation marked by low volatility. Despite this, the most likely scenario for Bitcoin appears to be a period of sideways movement followed by a temporary retracement towards the 100-day and 200-day moving averages (MAs). Technical Analysis By Shayan The Daily Chart The recent wave of intense...

Gideon Powell – the chief executive of Texas-based petroleum company Cholla Inc. – thinks bitcoin miners are revolutionary people that are bringing new levels of innovation to the U.S. Gideon Powell on What Makes BTC Miners Important In an interview, he said: Thinking about this from a capability standpoint, the ‘compute cowboys’ are unlocking new power markets for data centers and thinking about the future of industrial manufacturing. It’s all in its infancy....

Bitcoin spiked to a multi-day high above $26,400 yesterday, but that was short-lived, and the asset has returned to a familiar sight at under $26,000. The altcoins are also slightly in the red today, with BNB, ADA, and SOL retracing by over 1%. BTC Fails at $26K Bitcoin’s price performance has been anything but impressive for the past 10 days or so, ever since it shot up by $2,000 and then dumped by almost $3,000 days later after Grayscale’s win over the SEC. The subsequent...