Day: May 16, 2024

Analyst Eyes Price Explosion To $0.65

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The price of XRP, the native token of Ripple, has been a topic of much debate lately. While some analysts predict a significant price jump this weekend, others remain cautious due to the coin’s recent struggles and the ongoing legal battle between Ripple and the SEC. Related Reading Stalled At The Starting Line: XRP’s Recent Performance XRP has been stuck in low gear, failing to break past the $0.54 resistance level for weeks. This sluggishness extends to the broader timeframes, with the coin experiencing a decline in the past month,…

As Bitcoin rebounds to $66k, short-term holders sell at ‘basically zero profit’

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While large investors appear to demonstrate their interest in Bitcoin, the growth has yet to accelerate in order to make the rally sustainable, analysts at CryptoQuant say. The price of Bitcoin managed to recover to the $66,000 mark late Wednesday following the news of lower-than-expected inflation in the U.S., resulting in minimal or no profit for short-term holders who are selling. In a recent research report, blockchain analytics firm CryptoQuant said short-term Bitcoin holders are selling “at basically zero profit,” adding though that the growth “has yet to accelerate in…

AMF Warns French Investors about Bybit Crypto Exchange

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FMAS:24 | Sneak Peak FMAS:24 | Sneak Peak FMAS:24 | Sneak Peak FMAS:24 | Sneak Peak FMAS:24 | Sneak Peak FMAS:24 | Sneak Peak Here’s a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology. From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.…

Coinbase develops new service to target Australia’s $664b pension market

U.S. crypto exchange Coinbase is working on a new product offering digital assets for Australia’s growing self-managed pensions sector. Cryptocurrency exchange Coinbase is developing a yet-to-be-announced service that would offer crypto investment products for portfolios that make up about a quarter of Australia‘s $2.5 trillion pension system, Bloomberg reports, citing Coinbase Asia-Pacific managing director John O’Loghlen. Speaking on the matter, O’Loghlen hinted that the exchange’s new solution is designed to cater to clients who may only make a single allocation with the service provider rather than engaging in regular or…

Most Important Bitcoin Indicator Nears Bullish Flip: $150,000 Soon?

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In a recent analysis, James Coutts, Chief Crypto Analyst at Realvision, signaled a potential bullish turn in Bitcoin’s near future, attributing the forecasted change to shifts in global liquidity measures, specifically the Global Money Supply (M2) index which is widely seen as most important price catalyst. Coutts detailed this anticipation in a thread on X, where he examined the relationship between major economic indicators and Bitcoin’s price cycles. Global Money Supply And Its Correlation With Bitcoin Coutts’ analysis begins with the M2 money aggregates, which consist of cash, checking deposits,…

SHIB Jumps 8% as Shiba Inu Exchange Deploys to Shibarium

The developers said the increased use of the Shibarium blockchain for transactions will result in a higher burn rate for the SHIB token, reducing supply. The SHIB price has risen 8.8% in the past 24 hours, in line with a broader market jump. The CoinDesk 20 Index (CD20), a measure of the wider crypto market, has rallied almost 7%. Source

CME Plans to Launch Spot Bitcoin Trading: FT

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“Crypto exchanges might lose some business with the potential debut of a bitcoin spot market on the CME, a global derivatives giant, as the present bull run is particularly driven by institutions, who prefer to trade on regulated avenues,” Markus Thielen, founder of 10x Research, said. Original