Category: Cryptocurrency News

Bitcoin risks triggering $1.13 billion worth of cumulative leveraged long liquidations if it falls below the $82,000 price support.

Bitcoin risks triggering $1.13 billion worth of cumulative leveraged long liquidations if it falls below the $82,000 price support.

Bitcoin risks triggering $1.13 billion worth of cumulative leveraged long liquidations if it falls below the $82,000 price support.

The price of XRP has recorded a significant downtrend in the last 24 hours, declining by almost 5% according to data from CoinMarketCap. Amidst this price fall, renowned market analyst Ali Martinez has stated there is a strong bearish pattern forming on the XRP price chart signaling further price drops ahead. Related Reading: XRP Could Start An Explosive Move To $33 Within 28 Days, Says Analyst XRP Faces Bearish Breakdown As Head-And-Shoulders Pattern Emerges Over the last week,  XRP investors have witnessed both sides of the crypto market volatility after a spontaneous 30% surge to $3.00 was followed by a bearish price action of almost equal strength. Currently, XRP trades at around $2.30 in a downtrend signaling a dominant selling pressure. Commenting on the current state of the market,  Ali Martinez stated that XRP’s price action on its daily chart is forming a head-and-shoulders pattern suggesting an incoming heavy price fall. For context, the head-and-shoulders pattern is a common reversal signal, that appears at the peak of an uptrend before a significant downtrend begins. This bearish formation starts with the left shoulder which is an initial price peak followed by a moderate pullback. This can be seen with XRP’s price action in late 2024 after it surged to around $2.70 in early December before the general market correction. Thereafter, there is the head component which represents a higher price peak i.e. the current local market top at $3.40, followed by another decline. Finally, the head and shoulders pattern is completed by the right shoulder formed by XRP’s choppy price action in the last week. The altcoin is now on a downtrend putting many traders on alert for a potential substantial price crash. However, despite the head-and-shoulders pattern, a bearish signal can only be confirmed when XRP breaks decisively below the neckline at $2.20. In this case, Martinez warns the crypto asset could fall as low as $1.20, representing a potential 50% fall from XRP’s local highs seen in February. In neutralizing this bearish projection, XRP bulls must provide enough market demand to push the coin past the right shoulder peak of $3.00, signaling momentum for a prolonged price uptrend. XRP Market Overview At press time, XRP trades at $2.34 following a 4.56% decline in the last 24 hours. However, its weekly chart reflects gains of 9.44% pushing the asset into minor monthly gains of 0.34%.  The fourth largest cryptocurrency has recently dipped below its 100-day Simple Moving Average correlating with fears of a sustained price fall. However, the XRP community remains largely bullish according to CoinMarketCap data. Related Reading: Bitcoin Price Forecast: LTF Head And Shoulders Pattern Predicts Crash – Here’s The Target Featured image from Bitcoin Sistemi, chart on Tradingview

Due to the limited disclosure of the FDIC’s participation in Operation Chokepoint 2.0, an organized de-banking movement against the crypto industry, Coinbase is intensifying its investigation, calling for official sworn statements instead of a more detailed document release. Coinbase Gearing for FDIC’s Sworn Testimony in Operation Chokepoint 2.0 Probe Coinbase has gone on the offensive […]

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Bahrain’s ATME, a regulated digital asset exchange, has launched gold-backed tokens, a first in the Kingdom, with the Central Bank of Bahrain’s support. These tokens, each representing one kilogram of gold, offer accredited investors a secure and modern way to invest in gold without the challenges of physical storage. ATME’s CEO, Alex Lola, highlights this […]

The Stellar price has crashed by double digits over the past week, mirroring the dwindling climate of the altcoin market. However, if the latest price action is anything to go by, XLM could be gearing up for a significant bullish rally in the coming days.  Here’s How XLM Is Gearing For A 20% Move In a new post on the X platform, prominent crypto analyst Ali Martinez put forward an interesting prognosis for the Stellar price over the next few days. According to Martinez, the price of XLM could experience some relief soon, as a 20% upward move appears to be on the horizon. Related Reading: Bitcoin Price Forecast: LTF Head And Shoulders Pattern Predicts Crash – Here’s The Target The reasoning behind this bullish projection is the formation of a descending triangle pattern on the 1-hour timeframe of the Stellar price chart. The descending triangle is a technical analysis pattern that looks like a right-angled triangle with a diagonal falling upper trendline (connecting a series of lower highs) and a horizontal lower trendline (connecting the swing lows). Typically, a descending triangle formation is considered a bearish technical analysis pattern or a continuation pattern with an established downtrend. Nevertheless, a descending triangle can also be a trend reversal pattern and a bullish signal, with the price breaking out in the initial trend’s opposite direction. As shown in the chart above, the price of Stellar recently found support at the horizontal lower trendline set around $0.274, bouncing back toward the $0.28 mark. However, Martinez suggested that the XLM price could be targeting the resistance zone between $0.28 and $0.29. If the Stellar price does break out of the descending triangle pattern, Martinez expects the altcoin to move up by at least 20%, placing the target at around $0.33. For context, the price target for the descending triangle pattern is calculated by adding the vertical height between the sloping and horizontal trendlines. A move toward $0.33 could be exactly what the price of Stellar needs to kickstart a fresh bull rally. In a separate post on X, Martinez revealed that the $0.55 mark might be a crucial level to watch for a sustained bull run. The chart above shows that the price of XLM has been rejected at $0.55 level multiple since 2018. However, it is worth noting that the more times the price tests a level, the weaker it becomes and the more likely it is to be broken. Stellar Price At A Glance As of this writing, the price of XLM stands at around $0.276, reflecting a 1.6% decline in the past 24 hours. According to data from CoinGecko, the altcoin’s value has fallen by more than 11% in the past seven days. Related Reading: AAVE Price To $360? Crypto Analyst Identifies Pattern For Bullish Breakout Featured image from Adobe Stock, chart from TradingView

Ryan Rasmussen, head of research at Bitwise Asset Management, believes that a strategic Bitcoin reserve could be a fundamental move in the accelerated global adoption of the digital asset. It will increase Bitcoin’s legitimacy and remove fears of government retaliation. Trump, on March 6, signed an order to put into motion the formation of a Bitcoin reserve consisting of assets forfeited in civil and criminal cases. This alone would amount to around 200,000 $BTC currently valued at around $17.9B. Not a single cent of taxpayers money would be expended for this purpose. The U.S. just established a Strategic Bitcoin Reserve calling it a “digital Fort Knox for digital gold.” – Ryan Rasmussen Rasmussen believes that this could lead to a global race of accumulating Bitcoin and similar digital assets. If the US accumulates Bitcoin, other countries cannot really afford to be at ‘zero.’ Simply put, this reserve will pressurize other nations and can lead to a global domino effect. Countries like El Salvador and Abu Dhabi have already been buying $BTC left, right, and center. Here’s a table showing current $BTC holdings of various nations: Countries $BTC Held Value United States 198,109 $19,756M China 190,000 $18,947M United Kingdom 61,245 $6,107M Ukraine 46,351 $4,622M Bhutan 11,791 $1,175M Effects of a Bitcoin Reserve Besides a global race, a government-recognized Bitcoin reserve will leave wealth managers in an inexcusable state. So far, fund houses, financial institutions, and other institutional wealth managers have stayed away from these digital assets due to regulatory challenges. However, now that the US government has emerged as a strong brand ambassador, it will only encourage large institutional investing in contemporary digital assets. The reserve also removes market fears of unstable Bitcoin prices due to government regulations. Rasmussen believes that the US will go on accumulating Bitcoin over the years, which would only increase its adoption on a global level. As countries rush to hold Bitcoin, this is your chance to become a crypto investor. After all, what could be a better catalyst for the crypto markets than government support itself? If you’re looking to make the most of this upcoming bull run, here are the best cryptos to invest in right now. 1. BTC Bull Token ($BTCBULL) – Best Crypto to Buy Now for Massive Gains A slew of positive policy changes means Bitcoin is poised for massive growth in the coming months and years. This is where investing in a unique meme coin like BTC Bull Token ($BTCBULL) could come in extremely handy. As the first-ever crypto to offer free $BTC as rewards to token holders, BTC Bull Token is primed to be one of the next cryptos to explode. It’s worth noting that investors started flocking in to buy $BTCBULL right from day one. Its presale raised a whopping $1M in less than a week from launch. The total presale funding currently sits at $3.4M, and you can get each token for just $0.0024. The project’s positive momentum is expected to continue post launch, too. That’s because the developers have kept around 40% of the total token supply for PR and marketing purposes. This, combined with Bitcoin’s growth, will ensure the price of $BTCBULL keeps rising. 2. Best Wallet Token ($BEST) – Native Crypto of the Best Crypto Wallet The last few months have seen an increasing number of investors step foot in the crypto market. And this influx isn’t going to stop anytime soon thanks to increasing crypto adoption worldwide. This is why privacy-first projects like Best Wallet, which offer a seamless and hassle-free way of storing and managing cryptocurrencies, are extremely noteworthy. As one of the best crypto wallets, Best Wallet provides access to over 60 cryptocurrency chains, negating the need to look anywhere else. It also comes with state-of-the-art security settings, like a self-custody ecosystem, 2FA, and insurance for your crypto. Best Wallet’s roadmap suggests it’s going to capture over 40% of the non-custodial crypto wallet industry by 2026. If you wish to ride its success story, consider investing in Best Wallet Token ($BEST). $BEST is the native token of Best Wallet, which is why holding it comes with a few special perks. These include lower transaction fees, higher staking rewards, and the earliest access to the best crypto presales. The project has been a tremendous success, to say the least, seeing as its presale has amassed nearly $11M. 1 $BEST is currently available for only $0.024275, but hurry up because prices increase in the next few hours. 3. MIND of Pepe ($MIND) – Best AI Agent Crypto Offering Crypto Trading Calls MIND of Pepe ($MIND) is a revolutionary AI crypto project considering it has the potential to forever change the way people invest in cryptocurrencies. An autonomous AI agent, $MIND talks to crypto influencers and communities online, soaks in their opinions and biases towards different tokens and the larger market, and finally uses cutting-edge hive-mind analysis to identify the best cryptos to buy. Additionally, since $MIND is self-evolving, it will eventually reach a point where it’ll be able to create its own tokens. What’s more, it would also be able to sway market sentiments in favor of the cryptos it has picked. All in all, $MIND holders will get a lot of benefits other than an appreciation in the token’s price itself. The MIND of Pepe presale is up and running, with over $7M in funding at the time of writing. You can get each token for just $0.0034816 – here’s how to buy $MIND. 4. OFFICIAL TRUMP ($TRUMP) – High-Potential PolitiFi Meme Coin Currently on Discount Although OFFICIAL TRUMP, Donald Trump’s very own meme coin, has borne the brunt of all the recent tariff announcements, it’s still a crypto worth watching. After all, the pro-crypto president was one of the biggest reasons behind the crypto market’s resurgence. He’s also why we’re seeing different economies, including the US, churn out one crypto-friendly regulation after another. Once Trump’s tariff war subsides and the crypto market settles down, we can expect $TRUMP to regain investor interest and hype and break out of its current downward/sideways movement. Even if $TRUMP manages to climb halfway towards its all-time highs from where it is at currently, that would still be a nearly 400x gain for those who invest in it now. It’s currently trading for a low price of just $11.91. Final Verdict – DYOR Although the above-mentioned cryptos definitely carry serious potential, they’re not without their risks. For instance, they can be highly volatile, meaning you must have the stomach to HODL. Also, you should only invest an amount you’re comfortable losing. It’s also worth noting that your confidence in your holdings is directly proportional to the amount of data you’ve collected before buying them. That’s why we recommend you do your own research (try to be as thorough as possible) before investing. None of the above is financial advice, either.