Category: Cryptocurrency News

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

submitted by /u/EmphasisSufficient91 [link] [comments]

Some in the crypto community assumed the IRS was backpedaling on reporting requirements, but all requirements are still firmly in place, the agency simply announced a grace period for exchanges to upgrade their technology. IRS Grants Crypto Exchanges More Time to Implement Platform Upgrades Confusion ran rampant on Thursday after several publications posted ambiguous headlines […]

A crypto analyst has issued a new XRP price prediction, forecasting a potential breakout that could see the prominent cryptocurrency skyrocketing to $4.9. With the formation of a classic bull flag pattern and the 1-Day 50 Moving Average (MA) acting as a bullish catalyst, the analyst is increasingly confident that XRP will reach new All-Time Highs (ATH) in 2025.  How The 1-Day 50 MA Will Propel XRP Price To $4.93 The 50-day MA is a technical indicator used to track the average closing price of a cryptocurrency over the last 50 trading days. According to Dr. Dovetail, a TradingView crypto analyst, the 1-day 50 MA, indicated by the orange line in his XRP price chart, has risen to the lower boundary of a bull flag pattern.   Related Reading: Weekly Chart Shows That Dogecoin Price Is Primed To Cross $11 In 2025, Here’s How The analyst suggested that XRP’s price action, which has been in a consolidation phase after its big pump, triggered the formation of the classic bull flag pattern. This bullish continuation pattern typically occurs after a strong upward movement, followed by a price correction that leads to consolidation.   Historically, when a cryptocurrency consolidates near strong moving averages like the 1-day 50 MA, it indicates the readiness for a price breakout. Looking at his technical chart, the 1-day 50 MA plays a crucial role in Dr. Dovetail’s analysis and bullish XRP price prediction. The analyst believes this Moving Average can push the XRP price out of its consolidation nest to its next bullish target. Based on the confluence of technical patterns and indicators, the dotted ascending line in the analyst’s XRP chart indicates a potential price target of $4.93. Dr. Dovetail extended his forecast, highlighting that XRP could achieve this ambitious all-time high before February 2025.  The XRP price chart has also indicated a volume bar showing relatively stable activity during the cryptocurrency’s consolidation phase. Additionally, the Stochastic Relative Strength Index (RSI) at the bottom of the chart suggests that XRP may be oversold, supporting the potential for a breakout.    While Dr. Dovetail acknowledged that his predictions were not financial advice, the TradingView analyst expressed confidence that the current technical setup in the XRP chart could push its price to $4.93 this year. This target would represent a 105% surge from XRP’s current market value, underscoring a significant move upward from its consolidation phase.  Related Reading: Shiba Inu Price To $0.000045? Here Are The Major Support And Resistances To Watch Out For Update On XRP Price Analysis According to data from CoinMarketCap, the XRP price is presently trading at $2.41, marking a noteworthy 8.79% increase over the past week. Delving deeper into its price action and ongoing consolidation phase, XRP experienced a severe downturn after it surged from $0.5 to above $2 in November 2024. Over the past few weeks, the cryptocurrency has struggled with volatility as it aims to reclaim its all-time high of $3.84, attained during the 2021 bull run. Nevertheless, XRP still holds its position as the third-largest cryptocurrency by market capitalization. Featured image created with Dall.E, chart from Tradingview.com

A collaborative study from Bybit and Block Scholes provides an in-depth examination of bitcoin (BTC) and ether (ETH) derivatives, shedding light on market behavior during the pivotal 2024 year-end options expiration. Bitcoin and Ethereum Open Interest: Bybit and Block Scholes Report Highlights a Picture of Stability The Bybit and Block Scholes analysis shared with Bitcoin.com […]

It’s possible that Dogecoin (DOGE) will make a big comeback in 2025. Recent predictions say that DOGE could soon turn its luck around and win back the trust of investors after losing 40% in December 2024. But how likely are these predictions to come true, and what’s making people so hopeful? Related Reading: Weekly Chart Shows That Dogecoin Price Is Primed To Cross $11 In 2025, Here’s How A Trend In History That Can’t Be Ignored In the past, Dogecoin has shown amazing endurance in its fourth market cycle year, regularly beating predictions. Alan Santana, a cryptocurrency analyst, says that trade in DOGE has recently become more active when the price is going up than when it is going down. He says that this change could mean that negative pressure is easing and the market is about to start rising. Not only is Santana optimistic, but there are others as well. The long-term support levels of DOGE have remained unchanged despite the fact that the market has been turbulent, which is something that a lot of people point out. Some predictions are saying that DOGE’s price could hit new highs in 2025, and that might be the start of a big breakout for its value. $DOGE #DOGEUSDT #Dogecoin | #Altcoins ✴️ Dogecoin: 2025, Sudden Rise To New All-Time High How is you, how is you feeling my friend today? Don’t Dogecoin looking ready incoming bullish wave? Great. They is using royal English today! I bring you Dogecoin today on a tough spot.… pic.twitter.com/z8zQ2o4OLX — Alan Santana (@lamatrades1111) January 2, 2025 Eyeing The $11.65 Mark: Wishful Thinking Or Data-Driven? DOGE may reach $11.65 by 2025, according to the most optimistic projections. This prediction is based on previous price trends and Dogecoin’s potential to repeat market cycles. If these projections are accurate, DOGE’s value would skyrocket, consolidating its status as a crypto leader. $DOGE $10+ DOGECOIN?! 🚀🚀🚀 In this #DOGECOIN monthly chart, I’m focusing solely on year 4. I’ve marked the opening price of each year 4 cycle’s daily candles with green price labels and the closing price with red price labels. • 1st cycle: Year 4 started at $0.00023 and… pic.twitter.com/VyTO9fdHjY — Ðima James Potts (@DimaPotts36) December 27, 2024 If past patterns and general state of the market is to be the gauge, this optimistic projection starts the year at an estimated price target of $0.315. Though such aims are greatly contingent on continuous adoption and a strong market sentiment, experts recommend a good ounce of caution. Other Factors To Watch Beyond technical analysis, Dogecoin’s performance in 2025 could be influenced by macroeconomic factors and advancements in the cryptocurrency field. Regulatory clarity, technology advancements, and Elon Musk’s erratic comments may once again play critical roles. Dogecoin has recently gained popularity as a result of its enhanced usability in payment systems and expanding presence in decentralized finance (DeFi). Platforms such as IntoTheBlock report a consistent increase in DOGE holder activity, indicating a dedicated community supporting the meme coin’s long-term prospects. Related Reading: Wealth Mentor Predicts XRP Path To $100 – Should You Invest Now? The Road Ahead For Dogecoin The future of the renowned meme coin appears promising, although it is a path laden with both opportunities and possible risks. Successfully navigating the volatile cryptocurrency market necessitates making informed and prudent decisions, which rely on precise data and comprehensive study. Featured image from MoneyCheck, chart from TradingView

submitted by /u/KIG45 [link] [comments]