Analysis News

XRP price started a downside correction from the $1.40 zone. The price is now consolidating and might aim for another increase if it stays above the $1.350 zone. XRP price started a downside correction after it failed to clear the $1.40 zone. The price is now trading above $1.350 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $1.3490 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it settles above $1.3780. XRP Price Dips Again XRP price started a decent upward move above $1.3550 and $1.3650, like Bitcoin and Ethereum. The price gained pace for a clear move above the $1.380 resistance. A high was formed at $1.3964, and the price started a downside correction. T...

Ethereum price started a fresh surge and traded above $2,365. ETH is now consolidating and might aim for more gains if it clears $2,400. Ethereum started a steady increase above the $2,220 zone. The price is trading above $2,300 and the 100-hourly Simple Moving Average. There was a break below a rising channel with support at $2,385 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it stays above the $2,300 zone. Ethereum Price Fails To Clear $2,400 Ethereum price managed to stay above the $2,200 support and started a fresh increase, like Bitcoin. ETH price gained pace for a move above $2,220 and $2,280. The bulls pumped the price above the $2,365 resistance. A high was formed at $2,417, and the price is now correcting gains...

X's innovations could redefine financial engagement, merging market insights with seamless trading, potentially transforming user interaction.
The post Elon Musk’s X launches Smart Cashtags for crypto and stock tracking, adds one-tap trading access through Wealthsimple appeared first on Crypto Briefing.

Bitcoin price started a fresh surge and cleared the $74,200 zone. BTC is consolidating and might aim for more gains above the $75,500 level. Bitcoin managed to stay above $73,200 and started a fresh increase. The price is trading above $74,200 and the 100 hourly simple moving average. There is a declining channel forming with resistance at $75,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays above the $73,950 and $72,650 levels. Bitcoin Price Aims for More Upsides Bitcoin price found support near $71,200 and started a fresh increase. BTC gained pace for a move above the $72,500 and $73,200 resistance levels. The bulls even pushed the price above the key level at $75,000. A high was formed at $76,088, and the...

While others argue that the Bitcoin price has already found its bottom and could be gearing up for a bullish reversal, one crypto analyst has rejected these claims, expecting further downside instead. According to Marmot, a crypto expert on X, Bitcoin has not yet reached its true price floor. He warns that the flagship cryptocurrency could crash below $45,000 before any sustainable recovery to the upside takes shape.  Bitcoin Price Action Mirrors 2022 Bear Market In a recent X post, Marmot shared a bearish analysis of Bitcoin, comparing its current bear market to past cycles. The analyst noted that Bitcoin’s recent price action closely mirrors patterns seen in the 2022 bear market.   Related Reading: What The Bitcoin Relief Rally Above $71,000 Says About Where The Pr...

The Bitcoin price is bouncing back strongly amid growing hopes for a potential shift in the standoff between the US and Iran. So far, BTC has gained roughly 10% in the weekly time frame. This pushed the asset back toward the $76,000 area and briefly marked a nearly one-month high.  The move appears to have been driven by improving sentiment around the conflict, even as tensions remain very real and the US simultaneously took action in the region. Regulatory Clarity Before A Bigger Push? The Bitcoin price rally followed claims by President Donald Trump that Iran had reached out to his administration about possible peace talks. At the same time, the US began a naval blockade of the Strait of Hormuz.  Related Reading: XRP Could Face Big Moves Based On CLARITY Act Outcom...

Bitcoin has approached $75,000 as on-chain data shows the whale-sized investors have pushed their supply to the highest point since mid-February. Bitcoin Whale Holdings Have Crossed 4.25 Million BTC In a new post on X, on-chain analytics firm Santiment has talked about the latest trend in the Bitcoin whale supply. “Whales” typically refer to investors holding between 1,000 and 10,000 tokens of the cryptocurrency. Related Reading: Huge XRP Bull Market Ahead? Analyst Flags ‘Ultimate’ Buy Zone At the current exchange rate, this range converts to $74.5 million at the lower end and $745 million at the upper end. Thus, the only holders who would qualify for the cohort would be those with a substantial amount of capital invested in the asset. Given their massive size, whale...

Morgan Stanley’s freshly launched Bitcoin exchange-traded fund pulled in nearly $62 million within its first week of trading — a debut that landed in the middle of the strongest week for crypto investment products in three months. Related Reading: TRUMP Buying Frenzy Builds Ahead Of Mar-A-Lago Power Event Macro Shifts Fuel The Comeback That broader rebound was driven by more than one firm’s market entry. Crypto funds globally attracted $1.1 billion in net inflows for the week ending April 11, according to asset manager CoinShares. The turnaround came after five straight weeks of outflows that drained roughly $4 billion from the market and left investor sentiment battered heading into April. CoinShares head of research James Butterfill pointed to two specific triggers...

The US Justice Department (DOJ) has announced a compensation process for victims of the OneCoin fraud. The funds are expected to come from property forfeited in the case, money traced back to the people behind the scheme, including co-founders Ruja Ignatova and Karl Sebastian Greenwood.  The DOJ said in a Monday statement that more than $40 million in forfeited assets are currently available for victim compensation. OneCoin Proceeds To Compensate Victims  OneCoin was an international cryptocurrency investment scheme that ran from 2014 to 2019 and relied on deception to draw in investors around the world. Prosecutors say Ignatova and Greenwood, along with others, orchestrated the scheme.  Ignatova, dubbed “the CryptoQueen,” disappeared on October 25, 2017. Since then,...

Deribit's innovative pricing boosts liquidity, signaling a maturing crypto options market with growing trading volumes.
The post Nick Forster: The evolution of crypto derivatives to perpetuals, Deribit’s role in enhancing options liquidity, and the shift towards on-chain options | Unchained appeared first on Crypto Briefing.