Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from the past week. This edition examines how Tether is expanding both its foothold and its business to pivot from a model that is on the verge of a dramatic expansion to a Latam-focused general crypto company. Latam […]
I've been eyeing this sub and Bitcoin closely the past year, and it's clear this space has the memory of an impaired goldfish. A mere 3.5 months ago when we crossed above 80K the market was in a frenzy. As we crossed above 100k, I can't tell you how much my buy-finger was twitching. Alas…
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Let’s be honest—crypto has been a circus lately. Instead of building real solutions, the space has been flooded with meme coins and pump-and-dump projects. It’s fun until it isn’t. But now, we’re starting to see a shift. The projects actually solving problems are about to take center stage. One of them is OPEN. If you’ve…
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XRP is establishing new trading patterns against Bitcoin, and traders are closely monitoring a potential shift in market dynamics. XRP has exhibited remarkable strength over a lengthier timeframe, with a 31% gain against Bitcoin during the past month, despite a 15% decline in the past week. Analysts are in disagreement as to what may occur next, as the altcoin’s short-term weakness and long-term strength show opposing figures. Related Reading: Chainlink Activity Spikes—2,300 Fresh Addresses In Last 7 Weeks Unprecedented Consolidation Pattern Emerges EGRAG, a market analyst, has identified a previously unseen development in the relationship between XRP and Bitcoin. The current pattern indicates consolidation at historically elevated levels, in contrast to previous market cycles in which XRP would surge beyond key resistance levels before retracing into bear territory. The consolidation zone between 0.00003 BTC and 0.000023 BTC is uncharted territory for XRP. According to the most recent data, the altcoin is currently trading at 0.00002580 BTC, representing a 3.70% decline for the day. EGRAG suggests that this phase of foundation-building could ultimately facilitate a more sustainable rally than previous market cycles. #XRP – You’re Not #Bullish Enough! First Time in History: #XRP / #BTC Breakthrough! 📢 Listen carefully! I’ve said it before—when #XRP was around $0.50, I told you that buying at those levels would make you look like a crypto god in the future. I also warned you that buying… pic.twitter.com/kEzj4NgvZv — EGRAG CRYPTO (@egragcrypto) February 24, 2025 Critical Price Levels To Watch The continuing existence of particular price thresholds in its Bitcoin pairing is necessary for XRP’s position to remain stable. Even if a monthly closing below 0.000023 BTC would elicit negative sentiment, a comeback is still possible. However, things would significantly worsen if XRP dropped below 0.000016 BTC. A “bullish foundation” would form if the price of Bitcoin closed higher than 0.000024 BTC. EGRAG stands for this. To sustain the bullish argument, XRP must remain above this level until the end of February, even if it is already trading above it. As has happened in the past, a stronger rise above 0.000034 BTC and a monthly close above this level could indicate that a breach is imminent. Projected Price Targets Based On Bitcoin Pairing Based on the relationship between XRP and Bitcoin, a number of important price goals will become clear if the expected breakout happens. When Bitcoin stays at or near $95,125, the first important level would be 0.000046 BTC, which is equal to about $4.37 per XRP. XRP could potentially reach 0.000136 BTC, which is equivalent to $12.93 per token, if a sustained rally persists. According to EGRAG’s most optimistic scenario, the value of each XRP could be approximately $34 if it were to reach 0.00036 BTC. Related Reading: Bitcoin To $13 Million? Robert Kiyosaki Backs Michael Saylor’s Bold Vision Foundation Building Before Potential ‘Skyscraper’ Rally EGRAG likens the current market situation to the construction of a skyscraper, underscoring the necessity of establishing strong foundations before substantial upward movement. The analyst observes that XRP has never before established such a firm base at current levels relative to Bitcoin, which implies that this cycle could generate more substantial gains than any previous rallies. Featured image from Gemini Imagen, chart from TradingView
Bitcoin tumbles and risks dropping below $80K as its bearish reversal pattern enters breakdown mode.
Bitcoin tumbles and risks dropping below $80K as its bearish reversal pattern enters breakdown mode.
Bitcoin’s price is down 6% on Feb. 25, and breaching $90,000 puts the BTC price at risk of a deeper correction.
A recent study reveals significant cryptocurrency adoption and optimism in Australia, with nearly a third of Australians having owned crypto and a majority believing in its future acceptance. Close to 60% of Users Report Profits Nearly a third (32.5%) of Australians have now owned cryptocurrency, while 42.9% “believe crypto will be widely accepted in the […]
Bitcoin fell below $90,000 for the first time since November 2024 as ETF outflows continued, crypto liquidations surpassed $1.3 billion and US-China trade tensions weighed on investor sentiment.
Bitcoin fell below $90,000 for the first time since November 2024 as ETF outflows continued, crypto liquidations surpassed $1.3 billion and US-China trade tensions weighed on investor sentiment.
