Day: July 18, 2024

XRP Price Plummets To $0.5724, Can Bulls Maintain Support?

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In recent trading activities, XRP has experienced a significant retracement, dipping toward a critical support level of $0.5724. This retracement which is seen as a correctional movement to the crypto asset’s recent rally has caught the attention of traders and investors alike thereby raising speculations as to whether the bulls can maintain the $0.5724 support level. This article provides an in-depth examination of the significance of the $0.5724 support level with the help of technical indicators and the potential future scenarios that could unfold when the coin reaches the level.…

Analyst Sees ‘Most Beautiful’ Chart Pattern

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Once again taking the stage in the crypto scene is the popular meme coin Dogecoin (DOGE). Renowned crypto analyst JD has lately revealed his very positive view of DOGE, which has excited traders and investors. Related Reading Driven by what he labels as one of the most “beautiful charts” he has seen in his long trading history, JD claimed in a series of perceptive pieces on X that Dogecoin is about to experience a significant price spike. Even with the latest market downturn when DOGE dropped by 40% from its…

Hack of Indian Crypto Exchange WazirX Sends SHIB, WRX Tumbling While Bitcoin, Tether Trade at Massive Discount

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Notably, the bitcoin-rupee (BTC/INR) pair has declined by 11% to 5.1 million rupees ($60,945), trading at a massive discount to prices on rival exchange CoinDCX, where the cryptocurrency changed hands at 5.7 million rupees. BTC’s global average dollar-denominated price traded 1% higher on the day at $61,800. The largest cryptocurrency by market value is priced around $64,900 according to CoinDesk Indices data. Source

Europe’s Top Derivatives Exchange Targets $400B Ethereum Market with New Instruments

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Deutsche Boerse-backed Eurex adds support for Ethereum to crypto derivatives list

German derivatives exchange Eurex has announced the expansion of its portfolio, listing Ethereum-based futures and options index. Eurex Exchange, a German derivatives exchange known for trading European-based derivatives, has announced the listing of Ethereum-based index products, citing a “significant trading and hedging demand from institutional and professional customers.” In a Thursday announcement, the Deutsche Börse-backed derivatives exchange unveiled that its new product, FTSE Ethereum Index Futures and Options, is set to launch on Aug. 12, following the 2023 introduction of FTSE Bitcoin Index Futures and Options. “There is significant trading…

Bitcoin Price Set To Skyrocket To $750,000, Says Expert

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In a forecast shared via a YouTube video, Joe Burnett, Senior Product Marketing Manager at Unchained Capital, articulates a strong case for Bitcoin reaching a valuation of $750,000. According to Burnett, the market may be substantially underestimating Bitcoin’s potential this cycle, often losing sight of its broader context within the global financial ecosystem. Why Bitcoin Could Soar To $750,000 Burnett begins by addressing a common oversight in market analysis, which typically juxtaposes Bitcoin’s current cycle against historical performances without accounting for its evolving market context. “I think it’s possible that…