Day: March 26, 2024

Can Bulls Pump It Again To $0.75

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XRP price found support at $0.5685 and started a fresh increase. The bulls could gain strength if they manage to push the price above $0.6560. XRP found is attempting a fresh increase from the $0.5680 support zone. The price is now trading above $0.630 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.6440 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh rally if there is a close above the…

Ondo Finance (ONDO) Explodes 122%

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Ondo Finance (ONDO), a decentralized finance (DeFi) protocol focused on tokenizing US treasuries, has witnessed a meteoric rise in its native token’s price over the past week. According to CoinMarketCap, although ONDO was only able to muster a meager 1.3% increase in the last day – yet pushing its value to a record-breaking $0.94 – the impressive feat comes on the heels of a 138% weekly gain, marking an impressive performance for the token. ONDO Marks Banner Week With Big Numbers ONDO doing things right on the weekly chart. Source:…

Gambling Takes Center Stage in This Year’s March Madness

In a year where legal wagering on sports shattered previous records, the NCAA men’s and women’s basketball tournaments are the pinnacle of sports betting, with an estimated $2.7 billion expected to be wagered through legal channels. Crypto gambling offers fans the ability to pick their winners with crypto. March Madness Betting Increases, With $2.7 Billion […] Source CryptoX Portal

Ethereum Price Momentum Reignites As The Bulls Aim For $4K

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Ethereum price is attempting a fresh increase above the $3,500 zone. ETH must clear the $3,680 resistance to continue higher in the near term. Ethereum is gaining pace above the $3,500 support zone. The price is trading above $3,600 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it settles above the $3,680 resistance zone. Ethereum Price Eyes Steady Increase Ethereum price started a…

Bitcoin passes $70k mark and $1.38 trillion dollar market cap

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Bitcoin (BTC) is back above the $70,000 mark after tumbling for 11 days with high price volatility. BTC is up by 5.4% in the past 24 hours and is trading at $70,500 at the time of writing. The flagship asset’s market cap is slightly above the $1.38 trillion mark with a daily trading volume of $42.7 billion. BTC price, whale activity, open interest, funding rate and RSI – March 26 | Source: Santiment Data from CoinGecko shows that Bitcoin’s price rally has brought bullish momentum to the global crypto market…

Bitcoin Price Surges Past $71,000: 4 Key Reasons

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The Bitcoin price has soared past the $71,000 mark. In the past 24 hours alone, the price of Bitcoin surged by 6.5%, climbing from just below $65,500 to reach $71,491. This remarkable rally can be attributed to a combination of factors that have collectively contributed to the upward trajectory of the world’s leading cryptocurrency. Here’s a closer look at the four key reasons behind Bitcoin’s latest price surge. #1 Futures Market Influence The futures market has played a pivotal role in driving Bitcoin’s price upwards. According to data from Coinglass,…

Bitcoin (BTC) Price Holds Steady Over $70K as Traders Say Waning ETF Inflows Not a ‘Concern’

“We also do not see the state of inflows into spot Bitcoin ETFs as any cause for concern,” Bitfinex analysts said in an email “Even though negative ETF outflows featured heavily last week, all of it is from the Grayscale Bitcoin Trust (GBTC), as investors both switch out of the higher fees demanded by GBTC and also take profit, especially as many of these investors are long-term holders who entered during the bear market.” Source

FTX Bankruptcy Claims Surge in Value: Bids Now Approach 93 Cents on the Dollar

Half a year ago, firms specializing in acquiring troubled companies and their debts were actively accumulating FTX bankruptcy claims worth millions, offering $0.33 for every dollar of claim. Presently, the valuation of these claims has significantly appreciated, with buyers now prepared to offer $0.93 on the dollar for each claim. FTX Bankruptcy Claims Now Worth […] Source CryptoX Portal