Month: July 2024

XRP Price Shows Increased Strength: Can It Sustain The Recovery?

XRP price extended its increase above the $0.440 resistance zone. The price is showing positive signs and might rise further above the $0.4550 resistance level. XRP price is attempting a recovery wave above the $0.4400 zone. The price is now trading above $0.440 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.4390 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could extend gains if there is a close above the $0.450 resistance level. XRP Price…

TrumpCoin Surges 55% After Trump Joins Bitcoin 2024 Conference

boss

Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities…

Will ETH Break Above $3,200?

Ethereum price extended its increase above the $3,120 resistance zone. ETH could soon aim for a move above the $3,200 resistance. Ethereum is slowly moving higher above the $3,080 level. The price is trading above $3,080 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise steadily if there is a close above the $3,200 resistance zone. Ethereum Price Outperforms Bitcoin Ethereum price extended its recovery wave above…

BitMEX pleads guilty to violating the U.S. Bank Secrecy Act

Cryptocurrency exchange BitMEX has pleaded guilty to violating the Bank Secrecy Act. According to Attorney Damian Williams, BitMEX intentionally failed to “establish, implement, and maintain an adequate anti-money laundering (AML) program.” He explained that BitMEX, founded in 2014, had a long history of serving and attracting American traders. Operating through local offices, it was required to register with the Commodity Futures Trading Commission (CFTC) and comply with the AML policy. “BitMEX opened itself up as a vehicle for large-scale money laundering and sanctions evasion schemes, posing a serious threat to…

Are Bears Poised for Another Drop?

boss

Bitcoin price started another decline from the $59,500 level. BTC is moving lower, and the bears could gain strength below the $56,000 support. Bitcoin started another decline from the $59,500 resistance zone. The price is trading below $57,500 and the 100 hourly Simple moving average. There is a key declining channel forming with resistance at $58,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it fails to stay above the $56,500 support. Bitcoin Price Dips Again Bitcoin price…

Is a Bitcoin Breakout Looming? Options Markets Signal Imminent Volatility Surge

boss

QCP Capital has recently released a new market analysis offering insight into what might be in store for the price of Bitcoin (BTC) — more importantly, which direction it could move next. These fresh insights particularly focus on the options market. Market Anticipates Movement: Analyzing Bitcoin Options The latest report from QCP Capital has identified an interesting pattern in the Bitcoin options market, highlighting a rise in front-end volatility specific to BTC. This increase by 5 points in short-term volatility indicates that traders are preparing for larger price swings over…

What is TapSwap? Discover this play-to-earn game

Find out what is TapSwap, the new Telegram-based crypto mining game with tap-to-earn mechanics. Lately, the field of crypto mining has witnessed the emergence of mining operations on social media platforms like Telegram. TapSwap (TAPS) is a standout example, offering a novel approach to crypto mining that uses the capabilities of Telegram to create an engaging and user-friendly experience. If you want to find out what is TapSwap and why it is generating such a buzz, this article will break down everything you need to know about the tap-to-earn game…

Cardano Sees 1,218% Spike In This Major Metric, Will ADA Price Follow?

boss

The Cardano blockchain has been relatively quiet since the beginning of July, alongside an ADA price consolidation. As per on-chain transaction data, Cardano whales have also been relatively quiet since the last week of June. Daily whale inflows have steadied under 5 million ADA since the beginning of the month, save for a recent spike earlier in the week. Particularly, on-chain data from IntoTheBlock indicate a recent 1,218% spike in daily whale inflows, a development that may signal the start of an ADA price uptick. Cardano Sees 1,218% Spike In…

JPMorgan Expects Crypto Market Recovery Beginning in August

Global investment bank JPMorgan has predicted a crypto market recovery beginning in August. The firm revised its year-to-date crypto net flow estimate from $12 billion to $8 billion, citing bitcoin liquidations by Mt. Gox creditors and the German government’s seized asset sales as contributing factors. JPMorgan’s analysts believe this revised net flow will stabilize the […] Source CryptoX Portal

Solana Price Tipped For Explosive 1,800% Rally, Analyst Foresees $2,800 Price Target

boss

The Solana price has experienced a significant decline, mirroring the price action of major cryptocurrencies like Ethereum (ETH) and Bitcoin (BTC) over the past month. However, a crypto analyst has identified a significant parallel between the price movements of Ethereum in 2017 and Solana’s recent price performance. In a recent social media post, crypto analyst Marty suggests that these similarities could lead to a massive price increase for Solana in the coming months, potentially resulting in a 1,800% rally for the Solana price.  Solana Price Set For Epic Comeback? After…