Markets

In a stunning turn of events that has sent shockwaves through the crypto space, President Donald Trump has revealed the establishment of a U.S. strategic crypto reserve where key assets will go to Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), Solana (SOL), and Cardano (ADA). The decision has not only pumped life into markets but also left many Dogecoin (DOGE) enthusiasts wondering where their favorite currency had gone, with it not included in the reserve. Adding to their worries is the...

In a shocking twist that sent shockwaves through the cryptocurrency world, President Donald Trump has announced that XRP (Ripple), Solana (SOL), and Cardano (ADA) will be included in the United States’ newly established Crypto Strategic Reserve. The surprise announcement not only added stature to these cryptocurrencies but has also changed their market cap valuations remarkably.​ The Creation of the Crypto Strategic Reserve for XRP President Trump made the revelation that the United States...

Story Highlights CZ proposes new token release model to prevent oversupply. Only 10% of tokens unlocked initially for project development. CZ clarifies: This is just an idea, not a new token launch. Changpeng Zhao (CZ), the former CEO of Binance, has proposed a new way to release tokens. He wants to stop excessive new token minting during market price decreases. The initial 10% of tokens are used by him as the starting amount for project development. The remaining tokens should become...

There’s no way to sugarcoat what transpired in the cryptocurrency market in the past week. Take bitcoin, for example. It challenged the $100,000 level on February 21 but slumped by over twenty grand in the following week to dump to a three-month low of $78,000 last Friday, February 28. Although it managed to recover some ground and stood above $83,000 when the month ended, it still made it the worst February in over a decade in terms of price performance. Quite the unexpected...

TL;DR Donald Trump’s latest interaction with the crypto industry sent the entire market flying, but a select few altcoins, such as XRP, registered the biggest gains. This impacted short traders, as the value of the total liquidations is close to $500 million on a 4-hour scale, and XRP is responsible for a big share. XRPUSD. Source: TradingViewThe impact that the US president has on the crypto market cannot be understated. After his landslide win in the elections in November,...

TL;DR Cardano’s native token is riding the Trump-induced wave like no other, with a massive price surge that pushed it from $0.65 to almost $1 within minutes. This helped it become the eighth-largest cryptocurrency by market cap, surpassing the OG meme coin. ADAUSD. Source: TradingViewCardano’s native token took the recent market-wide crash worse than many tokens, as its price dumped from over $0.82 to under $0.6, which meant a 30% decline within a week or so. It defended the...

US President Donald Trump continues to impact the cryptocurrency markets in a spectacular fashion, and the past hour proved the narrative once again, this time in a positive manner. Although many digital assets headed north after his latest interaction in his own social media, the trio that he named literally exploded. His post relates to the crypto reserve promises that he made during his presidential campaign, which was initially believed to consist only of bitcoin....

Bitcoin’s price has been dropping rapidly over the past few days, making investors worried that the bull market is over. However, there is still hope left, as the market is getting supported in a key area. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has been on a steep decline since last week and is yet to recover. Yet, the 200-day moving average, located near the $80K support level, is currently supporting the...

Story Highlights SNB refuses to add Bitcoin to its reserve assets. Schlegel warns of Bitcoin’s volatility and financial instability. SNB dismisses Bitcoin as a competitor to the Swiss franc. The Swiss National Bank (SNB) has made it clear that Bitcoin will not be included as a reserve asset. SNB President Martin Schlegel underlined that cryptocurrencies do not possess critical aspects needed to make reliable currency systems function properly. According to local media, the Swiss National...

Ether (ETH) is down like the rest of the crypto market; however, Ethereum derivative metrics analyzed by the market intelligence platform Nansen have revealed that the cryptocurrency faces more downside tail risk in the coming days. According to a report from Nansen, current implied volatility levels for ETH suggest low expected price movement. Still, analysts say this may be a misjudgment because of its recent price movements. Ethereum Faces Downside Tail Risk Nansen...