Author: dfmines

XRP is trading at $2.198 to $2.22 over the last hour, with a total market capitalization of $129 billion, as bullish forces edge the price closer to the key resistance zone. With a 24-hour trading volume of $4.17 billion and an intraday range of $2.13 to $2.25, traders are eyeing a potential continuation of momentum […]

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Cryptocurrency exchange Binance has introduced a new fund management solution designed to simplify asset management for portfolio managers, highlighting the growing sophistication of institutional tools in the digital asset space. On April 24, Binance launched Fund Accounts, a tool commonly used by traditional asset managers and brokerage firms to consolidate client assets and streamline portfolio management.Binance said Fund Accounts allow portfolio managers to “consolidate externally-raised investor assets into one or multiple omnibus accounts,” which can reduce operational complexity and enable more efficient trading execution. Presumably, these omnibus accounts operate under a single custodian who executes trades on behalf of their clients. The new program is only available to eligible fund managers who must contact their Binance VIP representative for more information. A Binance spokesperson informed Cointelegraph that fund managers and their investors must pass Know Your Customer and Know Your Business requirements and be licensed or exempted in their jurisdictions to use the Fund Accounts product.Binance is the world’s largest crypto exchange by trading volume, according to CoinMarketCap data. In December, the exchange updated the requirements for its VIP program, which is geared toward institutional investors and private clients. Top crypto spot exchanges as of April 24 based on daily trading volume. Source: CoinMarketCapRelated: Crypto Biz: Ripple’s ‘defining moment,’ Binance’s ongoing purgeTradFi and crypto continue to mergeBinance’s Fund Accounts is another example of traditional finance solutions merging with cryptocurrency, signaling growing institutional involvement. After spending the first decade of crypto largely on the sidelines, institutional investors are now entering the space, driven by the launch of Bitcoin exchange-traded funds (ETFs), the rise of real-world asset tokenization, and attractive yield opportunities in onchain lending.Blockchain companies are also working to bring institutional trading solutions to crypto-native users. On April 24, onchain trading infrastructure provider Theo announced it had raised $20 million to expand its institutional-grade trading platform aimed at serving retail investors. Seventeen investors participated in the funding round, including angel investors from Jane Street, JPMorgan and Citadel.Magazine: Altcoin season to hit in Q2? Mantra’s plan to win trust: Hodler’s Digest, April 13 – 19

Cryptocurrency exchange Binance has introduced a new fund management solution designed to simplify asset management for portfolio managers, highlighting the growing sophistication of institutional tools in the digital asset space. On April 24, Binance launched Fund Accounts, a tool commonly used by traditional asset managers and brokerage firms to consolidate client assets and streamline portfolio management.Binance said Fund Accounts allow portfolio managers to “consolidate externally-raised investor assets into one or multiple omnibus accounts,” which can reduce operational complexity and enable more efficient trading execution. Presumably, these omnibus accounts operate under a single custodian who executes trades on behalf of their clients. The new program is only available to eligible fund managers who must contact their Binance VIP representative for more information. A Binance spokesperson informed Cointelegraph that fund managers and their investors must pass Know Your Customer and Know Your Business requirements and be licensed or exempted in their jurisdictions to use the Fund Accounts product.Binance is the world’s largest crypto exchange by trading volume, according to CoinMarketCap data. In December, the exchange updated the requirements for its VIP program, which is geared toward institutional investors and private clients. Top crypto spot exchanges as of April 24 based on daily trading volume. Source: CoinMarketCapRelated: Crypto Biz: Ripple’s ‘defining moment,’ Binance’s ongoing purgeTradFi and crypto continue to mergeBinance’s Fund Accounts is another example of traditional finance solutions merging with cryptocurrency, signaling growing institutional involvement. After spending the first decade of crypto largely on the sidelines, institutional investors are now entering the space, driven by the launch of Bitcoin exchange-traded funds (ETFs), the rise of real-world asset tokenization, and attractive yield opportunities in onchain lending.Blockchain companies are also working to bring institutional trading solutions to crypto-native users. On April 24, onchain trading infrastructure provider Theo announced it had raised $20 million to expand its institutional-grade trading platform aimed at serving retail investors. Seventeen investors participated in the funding round, including angel investors from Jane Street, JPMorgan and Citadel.Magazine: Altcoin season to hit in Q2? Mantra’s plan to win trust: Hodler’s Digest, April 13 – 19

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CME Group is set to introduce XRP futures on May 19, pending regulatory approval. The move expands its crypto derivatives offerings, giving traders access to both micro and standard-sized contracts tied to the XRP-Dollar reference rate. XRP Futures to Expand CME Group’s Crypto Derivatives Lineup CME Group has announced the upcoming launch of XRP futures […]

A fresh daily chart shared by market technician @cryptoWZRD_ suggests that XRP is just one technical trigger away from price discovery. The analyst’s chart—published early Thursday on TradingView—plots XRP/USDT on Binance and shows the token changing hands at $2.2107 after an indecisive daily close on Wednesday. XRP Targets $3.65 The most conspicuous feature is a descending trend-line (drawn in red) stretching from the 3 February swing high at roughly $3.40 down to the latest lower-high cluster. That line currently intersects price marginally above the market and has capped every relief rally since mid-January. According to WZRD, a daily candle that breaks through this “lower-high trend-line” would ignite “a very quick impulsive move” toward the next horizontal barrier at $2.80. Why $2.80 matters is spelled out in a bright yellow call-out on the chart: a close above that level would, in WZRD’s words, “make an all-time high” very likely. Above $2.80 the chart offers little historical structure until the $3.30 – the price which marked the weekly top in January. Related Reading: XRP Targets $33 To $50 By September 2027, Research Firm Says Next, the analyst targets the $3.65 zone, flagged as the “next major target” in purple. That band is the highest black horizontal plotted and represents the analyst’s first objective in price discovery territory. Support is clearly defined as well. The thick black horizontal at $2.00 is labeled the “main daily support target.” Beneath that, successive shelves are marked at $1.5160, $1.3000, $1.0700 and $0.9000, with an annotation at $1.30 warning that a break could materialise “IF ESCALATORY TARIFF KEEP COMING.” A secondary blue trend-line connects late-March and early-April lows, creating a short-term falling-wedge structure whose upside resolution has already begun to unwind some bearish momentum. WZRD’s accompanying commentary stresses the interplay between spot XRP and its performance against Bitcoin. He notes that XRP/BTC is coiling inside a symmetrical triangle that will “mature” on a move higher in Bitcoin dominance; positive action there would add tail-winds to the dollar pair. Related Reading: Analyst Says “The Clock Is Ticking” For XRP — Here’s Why “XRPBTC needs help from Bitcoin Dominance. Moving above from its current location will help the market to get the next impulsive move towards its upper lower high trendline, where it will mature the symmetrical triangle and push eventually higher. Positive price action from XRPBTC will help XRP become more bullish from its current location,” WZRD adds. Conversely, a “choppy” Bitcoin could keep XRP bottled up between $2.2050 and $2.00, a range that defined much of Tuesday’s intraday trade. ”The overall sentiment from Bitcoin will have an impact on XRP tomorrow as well, although I expect to see positive price action from XRPBTC. My focus will remain on the lower time frame chart development to get the next healthy trade setup,” the analyst writes. For now the focus, WZRD says, is on lower-time-frame development: any decisive daily settlement above the red trend-line would confirm trend reversal and set the stage for a sprint to $2.80—and, should that level fall, the analyst argues history will be in the making. At press time, XRP traded at $2.13. Featured image created with DALL.E, chart from TradingView.com

The cryptocurrency was trading sideways as of Thursday morning, while gold continues its ascent as murmurs of $4,000 per ounce begin to get louder. Store of Value Showdown: BTC Maintains $93K as Gold Rallies Bitcoin has remained flat over the past 24 hours, bobbing up and down just above $93K. Meanwhile, gold, which surged to […]

Key takeaways: Bearish Bitcoin traders were caught off guard by BTC’s rally above $90,000.Spot volumes are driving the Bitcoin price rally.Derivatives positions with a bearish bias remain at risk of liquidation.Bitcoin (BTC) held above the $93,000 mark on April 24, suggesting a potential conclusion to the 52-day bear market that bottomed at $74,400. Although Bitcoin is beginning to show signs of decoupling from the stock market, professional traders have not altered their strategies, as indicated by BTC futures and margin market data.BTC top traders’ long-to-short ratio. Source: CoinGlassA higher long-to-short ratio reflects a preference for long (buy) positions, while a lower ratio indicates a tilt toward short (sell) contracts. Currently, the top traders’ long-to-short ratio on Binance stands at 1.5x, a notable decrease from the 2x level observed ten days earlier. At OKX, the ratio peaked near 1.1x on April 17 but has since lost momentum and now sits at 0.9x.Bitcoin shines as dollar weakens and S&P 500 targets are slashedBitcoin’s 10% rally between April 20 and April 24 coincided with a more conciliatory stance from US President Donald Trump regarding import tariffs and his criticism of Federal Reserve Chair Jerome Powell, who has faced scrutiny for maintaining high interest rates. On April 24, Trump stated he had “no intention” of firing Powell, marking a notable shift from his previous rhetoric.Amid economic uncertainty, Deutsche Bank strategists have reduced their year-end S&P 500 target by 12% to 6,150. Meanwhile, the US dollar has weakened against other major currencies, pushing the DXY index below 99 for the first time in three years. Despite a modest 6% gain over the past 30 days, Bitcoin’s performance has secured it a place among the world’s top eight tradable assets, with a market capitalization of $1.84 trillion.The sharp move above $90,000 caught Bitcoin bears off guard, resulting in over $390 million in leveraged short (sell) futures liquidations between April 21 and April 22. More significantly, aggregate open interest in BTC futures remains just 5% below its all-time high, indicating that bearish traders have not fully exited their positions.BTC futures liquidation heatmap, USD. Source: CoinGlassIf Bitcoin’s price maintains its upward momentum and breaks above $95,000, an additional $700 million in short (sell) futures positions could be liquidated, according to CoinGlass data. This potential short squeeze may prove especially challenging for bears, given the robust inflows into spot Bitcoin exchange-traded funds (ETFs), which totaled over $2.2 billion between April 21 and April 23.A newly announced joint venture involving SoftBank, Cantor Fitzgerald, and Tether aims to accumulate Bitcoin through convertible bonds and equity financing, which could further strengthen the bullish case. Named “Twenty One Capital,” the Bitcoin treasury company is led by Strike founder Jack Mallers and plans to launch with 42,000 BTC.Related: Sovereign wealth funds piling into BTC as retail exits — Coinbase execThe muted response from top traders in BTC margin and futures markets suggests that the recent buying pressure has originated mainly from spot markets, which is generally considered a positive indicator for a sustainable bull run.The longer Bitcoin consolidates above $90,000, the greater the pressure on bears to cover their shorts, as this level reinforces the narrative that Bitcoin is decoupling from the stock market. This could provide the confidence needed to challenge the $100,000 psychological threshold.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.