Day: June 20, 2024

SEC Drama Fuels XRP Rally: Open Interest Skyrockets

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The cryptocurrency XRP is making waves as open interest (OI) for the token experiences a dramatic rise. This surge in investor positioning coincides with the ongoing legal battle between Ripple Labs, the company behind XRP, and the US Securities and Exchange Commission (SEC). Related Reading Bullish Bets On The Horizon Cryptocurrency analysis platform CryptoQuant detected a significant increase in XRP’s open interest, indicating a growing number of investors entering positions. This trend suggests a bullish sentiment, with investors betting on a potential price appreciation for XRP in the near future.…

As UK elections loom, is crypto a priority for Labour?

The Conservatives, who have introduced a slew of pro-crypto policies in recent years, are expected to lose hundreds of seats when UK elections takes place on July 4. Crypto has taken a prominent role in the U.S. presidential campaign — with Donald Trump cozying up to Bitcoiners. But over in Britain, where voters head to the polls in a little over two weeks’ time, it’s fair to say digital assets haven’t been too much of a focus for the candidates. You could argue that it should be. The latest data…

IntoTheBlock Reveals Fact About Current Bitcoin Situation Analysts Are Puzzled By

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Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started…

investor profitability stays high despite market turbulence

Despite the aggressive market correction, with Bitcoin’s (BTC) value dropping to the lower end of the $65,000 zone and Ethereum (ETH) trading around $3,500, key market metrics remain optimistic. Notably, Bitcoin is trading at $65,217 at the reporting time, down 3.34% in the past week due to increased selloffs. Meanwhile, Ethereum has set sail on a recovery path, currently trading for $3,534 as it gains by a meager 0.34% over the last seven days Amid the current market conditions, Glassnode captured the sustained market optimism in its latest weekly report.…

LINK Price Aims for Key Upside Break

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Nvidia Propels AI Crypto Tokens To Market Leadership: Here Are The Top 3 Winners

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Amid an overall market downtrend, crypto assets based on artificial intelligence (AI) have exhibited substantial gains, fueled by the AI frenzy permeating the traditional finance and crypto markets.  This surge has been further augmented by the continuous rally of tech company Nvidia, which recently claimed the world’s most valuable company title, with its soaring share price reaching an all-time high. Fetch.ai Rides Nvidia’s Success Nvidia’s stock, now valued at $3.34 trillion, has nearly doubled in price since the beginning of the year, surpassing the likes of tech giants Microsoft and…

XRP Price Stuck In Tiny Trading Range: Consolidation Phase Continues

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Ethereum Price Struggle: Reaching Resistance, Facing Challenges

Ethereum price climbed higher above $3,500 but struggled near $3,580. ETH must clear the $3,650 resistance to move further into a positive zone. Ethereum is consolidating gains below the $3,650 resistance zone. The price is trading above $3,500 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with resistance near $3,585 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $3,600 and $3,650 resistance levels. Ethereum Price Consolidates Ethereum price started a decent increase from…

What Crypto Traders Should Know

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As summer unfolds, the cryptocurrency market is showing little upward momentum. Particularly, crypto analyst Ansem has recently projected a steady course for Bitcoin (BTC) and Solana (SOL) in the coming months. This forecast is grounded in a detailed analysis shared on Elon Musk’s social platform X, where Ansem highlighted potential trends and key scenarios that could influence these major cryptocurrencies’ performance. Ansem suggests that Bitcoin and Solana might not make bullish strides before the year’s late third or fourth quarter, but they have maintained stability above the March lows. Related Reading…