Category: Cryptocurrency News

The XRP price continues to trade sideways on low timeframes as the crypto market faces a spike in selling pressure. While major cryptocurrencies will likely bleed into critical support, one analyst believes there is hope for the XRP Ledger native token. Related Reading: ADA Price Hints At Potential Correction, Buy The Dip? As of this writing, the XRP price trades below the critical psychological level of around $0.5 and stands at $0.47 with a 2% loss in the last 24 hours. Over the previous week, XRP was one of the worst performers, recording a 9% loss. Bitcoin Dominance Declines, XRP Price Will Come Out On Top? A pseudonym analyst on social media platform X recently shared a chart showing a decline in Bitcoin Dominance (BTC.D). This metric measures the amount of the total crypto market capitalization represented by BTC. When the Bitcoin Dominance declines, the altcoin sector benefits as the metric suggests investors could move away from the number one crypto into other assets. The analyst indicated that the BTC.D stands at a critical level, facing substantial resistance. In that sense, the metric could return below 50% of the total crypto market cap. The last time the BTC.D stood at current levels, the XRP price rallied above two major obstacles at $0.60 and then at $0.70. The analyst stated: $BTC.D Got to the level where the $XRP Lawsuit win news came out. This caused a big altcoin rally at the time and also marked the 2023 top so far for $BTC and many other coins. Altcoin Season Looming? But Something Needs To Get Out Of The Way According to this analysis, an altcoin season might be on the horizon for the XRP price and other similar cryptocurrencies. However, the analyst believes the US Securities and Exchange Commission (SEC) needs to decide on the spot Bitcoin Exchange Traded Fund (ETF). The narrative around this financial product has been gaining influence on the nascent sector, and if the SEC approves it, there will be much less uncertainty around the nascent sector. In the last 24 hours, some movement has been around the spot Bitcoin ETF applications. Related Reading: Cardano Founder Addresses ETHGate Rumors: Did Ethereum Bribe The SEC To Go After XRP? This movement coincides with a spike in volatility across the board and could set the stage for fresh news that will trigger the altcoin season or push the XRP price back to critical levels. On the possibility of the SEC approving the ETF, the best scenario for XRP and other token, expert Eric Balchunas said: (…) very poss there will be a few back and forths with SEC on these small but imp details. So I would not say approval imminent but I would say the fact that issuers are in a “back and forth” w SEC on this is hugely positive IMO. Cover image from Unsplash, chart from Tradingview

An internal document was revealed in court showing Sam Bankman-Fried believed Binance leaked Alameda’s balance sheet to the media in 2022.

Tuhu Nugraha, who works with the Indonesian government, said the country will soon conduct trials on applying blockchain technology in public service use cases.

submitted by /u/sylsau [link] [comments]

Fox Business producer Eleanor Terrett’s following exploded after she began providing commentary on the SESC v. Ripple lawsuit.

CPI joins macro data coming in higher than predicted — something not conducive to BTC price upside, Bitcoin analysts continue to imply.

Bitcoin price lost support yesterday at around $27,000 and is now below a critical level that the last two times it was lost, resulted in a 50% or more decline.  Will this signal returning once again forecast sudden doom and cause crypto prices to rain down another 50% lower? Bitcoin Forecast Is Suddenly Cloudy The last several weeks of resilience in Bitcoin price action have been seemingly erased this week, as price fell below support at $27,000.  While the rounded psychological number is important by itself, BTCUSD has now pushed below the bottom of the Ichimoku cloud on the weekly timeframe.  Related Reading: Bitcoin Bullish Uptrend Remains Unbroken, Here’s Why According to historical performance after falling out of the cloud, the top cryptocurrency by market cap continued to tumbled significantly lower to the tune of 50%.  Bitcoin is at risk of losing the cloud | BTCUSD on TradingView.com Will Crypto Crash Another 50%? The Ichimoku cloud acts as dynamic support and resistance, and expands and contracts with volatility. Losing this support level in the past has had dangerous consequences.  Related Reading: Learn How To Use The Ichimoku Cloud In March of 2020, falling out of the cloud on the same weekly timeframe resulted in a 50% flash crash over the next two weeks during the onset of COVID in the US.  Later in May 2022, the LUNA collapse caused Bitcoin to lose the weekly Ichimoku cloud. It took over 20 weeks later to reach a bottom and a full 55% lower.  Past instances led to a 50% collapse | BTCUSD on TradingView.com $12,000 Or $42,000: BTCUSD Levels To Watch Another 55% crash in BTCUSD would take the price per coin to around $12,000. More importantly, it would be disastrous for altcoins that remain down by 90% or more from all-time highs.  The major difference between now and the last two times the cloud was lost, and that’s the Tenkan-sen and Kijun-sen in blue and maroon respectively (pictured below). Unlike the two past instances, these spans are crossed bullish whereas previously they were during a bearish crossover.  Related Reading: Bitcoin Bulls Could Buck Downtrend With Move To $42,000 If for some reason Bitcoin manages to hold inside the bottom of the cloud, it could next target the top of the cloud at around $42,000 per coin. If it doesn’t, “look out below.” Charts initially appeared in Issue #23 of CoinChartist VIP. Subscribe for free to learn more about the Ichimoku cloud and what might happen next in Bitcoin. Will this key level hold? | BTCUSD on TradingView.com Tony is the author of the CoinChartist (VIP) newsletter. Sign up for free. Follow @TonyTheBullBTC & @coinchartist_io on Twitter. Or join the TonyTradesBTC Telegram for daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from Shutterstock, Charts from TradingView.com

Is there a way to check if an adress is related to a service or a webpage?. i whas checking an old excel table i found on an old drive, i found some eth adresses and started to check balances, i moved ( and spent) almost all balance / coins, then i realized i i…
Read more

I sent some etc to my eth address..obviously it never showed up..can I recover that? submitted by /u/MeetingBrilliant [link] [comments]

“DCA is king” is one of the few statements thrown around everyday. But is DCA really the king when market resumes its upward trajectory after hitting the bottom? I have compared the top 15 crypto coins ignoring the stable coins when BTC hit a low of 15682 on 12 November 2022. The analysis is to…
Read more