Day: October 3, 2024

Analyst Keeps $7.50 XRP Target Despite SEC Appeal Vs. Ripple

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Este artículo también está disponible en español. Yesterday, Wednesday, the United States Securities and Exchange Commission (SEC) formally extended the XRP lawsuit against Ripple by filing a Notice of Appeal regarding Judge Torres’s ruling. Following this news, the price of XRP plunged by more than 10%. However, crypto analyst Egrag Crypto (@egragcrypto) maintains that the bullish setup remains unchanged, with a target of $7.50 still in place for this bull run. Why $7.5 Is Still Possible For XRP Price Egrag’s analysis, shared via X, emphasizes resilience in the XRP pricing…

Binance’s Crypto Trading Market Share Drops to 4-Year Low: CCData

Overall, trading activity on crypto exchanges waned last month with derivatives and spot trading volumes both falling 17%, the report noted. September historically marks the end of a weak mid-year season in trading, giving way to a busier last quarter, CCData analysts said. “With catalysts such as increased market liquidity following the Federal Reserve’s interest rate cut and the upcoming U.S. election, trading activity on centralized exchanges is expected to rise in the coming months,” the authors wrote. Source

Crypto Analyst Says Solana-Based BONK Is In Prime Position For Legendary Rally

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Este artículo también está disponible en español. Lately, top meme based cryptocurrencies like Shiba Inu (SHIB) and Pepe (PEPE) have been witnessing a spike in their prices. This bullish trend appears to have extended to Solana based meme coin Bonk (BONK), as its price movements has been showing signs of an impending bullish surge. With respect to this, a crypto analyst has suggested that Bonk is currently well-positioned for a significant upward movement.  Analyst Predicts Legendary Target At $0.000033 Bluntz, a prominent crypto trader and analyst has revealed the next…

Bitcoin miner CleanSpark grew its hashrate by 187% over the past year

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CleanSpark has released its unaudited Bitcoin mining update, which shows the company saw its hashrate jump 187% in the fiscal year ending September 2024. The publicly-traded Bitcoin (BTC) miner announced this on Oct. 3, detailing significant growth across its treasury holdings and share price among other metrics. CleanSpark published the unaudited report as the crypto industry heaved amid the negative impact of geopolitical events in the Middle East. CleanSpark’s hashrate increase During the past year, Chief Executive Officer Zach Bradford said that CleanSpark recorded substantial organic growth. The past month…

Why You Should (Still) Care About Silvergate

And then there’s Silvergate. Silvergate was never sold, but rather voluntarily liquidated by management. None of its executives have since dared speak up. In early 2023, the SF Fed communicated to them, with the seeming tacit approval of other regulators, that they would have to reduce their crypto deposits to a de minimis share of their overall business. This was fatal to its practice – as over 90% of their deposits related to the crypto space as of Q2 2022. Following the bank run in Dec. 2022-Jan. 2023, Silvergate was…

Solana Hits Critical $137 Support: Can Bulls Prevent A Breakdown?

Solana has hit the key $137 support level, and the bulls are now facing intense pressure to prevent a downward breakout. With the market momentum hanging in the balance, all eyes are on whether the bulls can defend this critical zone and spark a potential rebound. A strong defense at this level could signal renewed bullish strength, while a breakdown could pave the way for further declines.  As traders anticipate Solana’s next move, this article aims to explore its crucial test at the $137 support level, focusing on whether the…

Riot Platforms mined 412 Bitcoin in September

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Riot Platforms mined 412 Bitcoin in September, marking a 28% increase over the previous month. This rise in production was driven by higher operating capacity at their mining facilities, which include sites in Texas and Kentucky, according to a company release. Riot’s CEO, Jason Les, attributed the growth to increased operational efficiency and hash rate improvements across the company’s operations. The company now holds 10,427 Bitcoin (BTC). The company also participated in the Electric Reliability Council of Texas Four Coincident Peak program, voluntarily curtailing operations during periods of high electricity…