Analysis News

The trader's actions highlight growing optimism in crypto markets, potentially influencing broader adoption and investment in digital assets.
The post Trader with $9.6M profit opens long positions in Bitcoin, Ethereum, and Zcash appeared first on Crypto Briefing.

According to former BitMEX CEO Arthur Hayes, battles over the US debt ceiling create clear cash swings that move markets. When the Treasury spends down its main checking account — the Treasury General Account, or TGA — new dollars enter the system and lift risky assets. Related Reading: Bitcoin Adoption Is Just Getting Started — 200x Growth Possible, Tom Lee Says Later, when the Treasury refills the TGA by selling debt, cash is pulled back out and pressure returns to stocks and crypto, he said. Hayes points to 2023 as a clear example, when a large pool of funds at the Fed’s reverse repo facility — about $2.5 trillion — was available to be drawn back into markets. Market Metrics And Recent Moves Traders can see the effects in price action. Bitcoin’s recent fall toward...

XRP’s price has continued to chop, trading sideways, which has impacted the price of the U.S. spot ETFs that provide exposure to the altcoin. Canary Capital’s XRP fund has crashed 20% since its launch, although this fund remains the largest by assets under management (AuM).  XRP’s Sideways Price Action Leads To Spot ETF Crash The XRP price has continued to trade within a tight range, just above the psychological $2 level, sparking bearish sentiment among investors. The altcoin is down over 10% in the last month, around the time the first spot XRP ETF, Canary’s fund, launched. This bearish price action has notably contributed to a price crash for Canary’s XRPC fund.  Related Reading: XRP ETFs Are About To Hit $1 Billion – Here’s How Much Is Flowing In Daily TradingVie...

EMJ Capital CEO Eric Jackson has laid out one of the most aggressive long-term bitcoin targets in the space yet, arguing in an interview with reporter Phil Rosen that the cryptocurrency could reach $50 million per coin by 2041. His projection is tied to a thesis that bitcoin will evolve from “digital gold” into the core collateral layer of the global financial system. Jackson said his thinking grows out of the same “hundred bagger” framework he used when buying beaten-down equities like Carvana. He recalled entering Carvana after its share price collapsed from around $400 to roughly $3.50 in 2022, at a time when sentiment was almost universally hostile. “You would hear things like, that’s run by a bunch of criminals. This is what a bunch of idiots. Like you’d have to...

Solana started a recovery wave above the $132 zone. SOL price is now consolidating and faces hurdles near the $138 zone. SOL price started a decent recovery wave above $130 and $132 against the US Dollar. The price is now trading below $138 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $132 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $138 and $140. Solana Price Eyes Upside Break Solana price remained stable and started a decent recovery wave from $128, like Bitcoin and Ethereum. SOL was able to climb above the $130 level. There was a move above the 23.6% Fib retracement level of the downward move from the $147 swing high to the $128 ...

Binance's ADGM authorization strengthens its global regulatory compliance, enhancing trust and expanding its influence in digital finance.
The post Binance secures full ADGM authorization for exchange, custody, and broker-dealer services appeared first on Crypto Briefing.

Coinbase's re-entry into India could intensify competition among global exchanges, potentially accelerating crypto adoption in the region.
The post Coinbase resumes user registrations in India, plans fiat on-ramp by 2026 appeared first on Crypto Briefing.

XRP price started a recovery wave above $2.050. The price is now showing positive signs but might struggle to clear the $2.10 resistance. XRP price started a recovery wave above the $2.050 zone. The price is now trading above $2.060 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.090 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $2.160. XRP Price Faces Uphill Task XRP price remained supported above $2.00 and started a recovery wave, like Bitcoin and Ethereum. The price was able to climb above $2.020 and $2.050 to enter a positive zone. There was a clear move above the 23.6% Fib retracement level of the downward move from the $2....

Ethereum price started a fresh increase above $3,000. ETH is now consolidating gains and might aim for more gains above $3,150. Ethereum started a fresh increase above the $3,000 and $3,020 levels. The price is trading above $3,050 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,140 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $3,150 zone. Ethereum Price Eyes Additional Gains Ethereum price managed to stay above $2,920 and started a fresh increase, like Bitcoin. ETH price gained strength for a move above the $3,000 and $3,020 resistance levels. Recently, the price saw a downside correction from the $3,240 zone. There was a drop below the 50% ...

Bitcoin price started a fresh increase above $90,500. BTC is now consolidating gains and might attempt an upside break above $91,650. Bitcoin started a fresh increase above the $90,500 zone. The price is trading above $91,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $90,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it settles above the $91,650 zone. Bitcoin Price Faces Resistance Bitcoin price managed to stay above the $90,500 zone and started a fresh increase. BTC gained strength for a move above the $91,500 and $92,500 levels. There was a clear move above the $93,000 resistance. A high was formed at $94,050 and the price recently correct...