Tether (USDT)

Ripple’s price has been gradually declining, forming lower highs and lows against both USDT and BTC. Despite this, investors can still be optimistic, as a potential rebound from the nearby support level is possible. Technical Analysis By Edris The USDT Paired Chart The price has been going through a bearish trend on the daily timeframe against USDT. The 200-day moving average, located around the $0.5 mark, is currently acting as resistance, preventing the price from rising...

The price of Curve DAO (CRV) tokens briefly fell below $0.40 on Wednesday as over-the-counter (OTC) transfers made by the DeFi project’s founder, Michael Egorov, were later transferred to Binance. As reported by blockchain security firm PeckShield, one of Egorov’s counterparties from last month. transferred 609,000 CRV tokens to Binance on Wednesday. When investors send funds to exchanges, analysts generally view this as reflecting an intention to sell. The counterparty...

Ripple’s price has been relatively stagnant over the past week, showing little intent to move in either direction. However, analyzing nearby support and resistance levels and evaluating probable scenarios would be beneficial. Technical Analysis By Edris XRP/USDT Price Analysis Against USDT, the price has been consolidating below the 200-day moving average, located around the $0.5 mark. It has failed to close above the mentioned moving average in the last few days. The RSI...

Insight from Coinmarketcap suggests that the SHIB/USDT market in Binance has more depth than all other SHIB markets in other exchanges.  According to market depth insights from CoinMarketCap, about $775k in funds could induce a 2% surge in price for SHIB on the Binance exchange. Conversely, a deduction of $1.1 million from the SHIB/USDT market in Binance could drive a price drop by 2%.  The data is quite different for the SHIB/USD pair. About $546k can cause a 2% surge in...

Ripple’s price has been gradually declining over the past few days, and the situation does not look promising for XRP at the moment. Technical Analysis By Edris The USDT Paired Chart On the USDT-paired chart, the price has been struggling to rebound after the recent drop from the $0.9 resistance level. The 200-day moving average, located around the $0.5 mark, is also failing to hold the market, as the price has been closing below it in recent days. Considering the current...

Tether is one of the leading global purchasers of US Treasury bills. According to Paolo Ardoino, the stablecoin issuer’s chief technology officer, USDT has now amassed a substantial $72.5 billion in US Treasury bonds. This places Tether in the 22nd position worldwide, surpassing countries like the United Arab Emirates, Mexico, Australia, and Spain in terms of Treasury holdings. Tether’s Treasury Holdings Expand While China Continues to Liquidate Since the beginning of the...

Ethereum price is struggling below the $1,650 resistance against the US Dollar. ETH price is now trading below $1,660 and the 55 simple moving average (4 hours). There is a connecting bearish trend line forming with resistance near $1,650 on the 4-hour chart (data feed from Coinbase). The pair could continue to move down if it stays below $1,650 and $1,660. Ethereum price is declining below $1,660 against the US Dollar. ETH/USD remains at a risk of more downsides...

Ripple’s price shows bearish signs; if the current key support level breaks – the drop could escalate even faster. Technical Analysis By Edris The USDT Paired Chart On the USDT paired chart, the price has held above the 200-day moving average, around the $0.5 mark, over the past few weeks. However, the price is currently testing the 200-day moving average. If this moving average breaks down, the price will drop quickly towards the $0.43 level. On the other hand, if the price...

Shiba Inu’s native token has been demonstrating bearish price action over the past few weeks since getting rejected at a critical resistance level. Yet, a more severe decline may still occur in the short term. Technical Analysis By Edris The SHIB/USDT Chart On the USDT-paired chart, the price has been rejected from the $0.000011 resistance level, leading to an impulsive drop below the 50-day and the 200-day moving averages located around the $0.0000085 and $0.0000095 levels,...

Leading cryptocurrency exchange OKX has released its tenth proof-of-reserves (PoR) report, becoming the first digital asset platform to release ten consecutive monthly PoR reports. According to a press release, the latest numbers show balances of $10.4 billion in primary crypto assets like bitcoin (BTC), ether (ETH), and Tether (USDT). OKX Publishes 10th PoR Report The Seychelles-based exchange covered 22 digital assets, including USD Coin (USDC), Ripple (XRP), Dogecoin...