Day: January 11, 2025

Will Ethereum Bounce Back? Crypto Analysts Discuss Potential Price Recovery

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Este artículo también está disponible en español. In the past week, Ethereum (ETH) has dropped 9.3%, falling from $3,630 on January 3 to $3,235 at the time of writing. While ETH is striving to defend the psychologically significant support level at $3,000, some crypto analysts remain confident that the digital asset’s long-term price trajectory is bullish. Can Ethereum Recover? Analysts Weigh In While the current crypto bull market saw Bitcoin (BTC) create multiple historical new all-time highs (ATH), Ethereum’s price action remained relatively muted. Notably, ETH’s ATH of $4,878 recorded…

Ripple’s RLUSD Powers California Wildfire Relief With Crypto Donation

Ripple and Moonpay have made a joint donation of $50,000 worth of RLUSD, Ripple’s new stablecoin tied to the U.S. dollar, to the Los Angeles Fire Department Foundation (LAFDFoundation). This contribution aims to support first responders battling the devastating California wildfires. Ripple highlighted their commitment to evaluating additional ways to assist these critical emergency efforts. […] Source CryptoX Portal

Ethereum Faces Crucial Test As Funding Rates Decline And $3K Level Looms

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Ethereum has undoubtedly been under pressure despite the recent bullish rally in the broader cryptocurrency market as it struggles to make any major upside move. A recent analysis by ShayanBTC, a contributor to the CryptoQuant QuickTake platform, has shed light on key factors impacting Ethereum’s performance. In a post titled “Ethereum Faces Crossroads: Funding Rates and $3K Support Key to Sustaining Bullish Momentum,” Shayan highlights the asset’s struggles to maintain its upward trajectory. Funding Rates And The Importance Of The $3K Support Level According to Shayan, Ethereum’s bullish momentum has…

DOJ Indicts 3 Russians for Operating Crypto Mixers Linked to Cybercrime

Russian nationals face charges for allegedly using cryptocurrency mixers to launder proceeds from ransomware, wire fraud, and theft, obscuring illicit funds’ origins, the DOJ says. Russian Nationals Face DOJ Charges for Laundering Cryptocurrency Theft Proceeds The U.S. Department of Justice (DOJ) announced on Jan. 10 the indictment of three Russian nationals for operating cryptocurrency mixers […] Source CryptoX Portal

Crypto Analyst Explains What Could Trigger Ethereum Rally To $6,000

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Este artículo también está disponible en español. An analyst has revealed what may need to happen for Ethereum to rally toward the $6,000 mark, based on a pattern currently forming in its price. Ethereum Has Appeared To Be Moving Inside An Ascending Channel Recently In a new post on X, analyst Ali Martinez has discussed a pattern that Ethereum has potentially been following recently. The pattern in question is the “Ascending Channel” from technical analysis (TA). Related Reading Parallel Channels form when the price of an asset consolidates between two parallel…

300 Million XRP On The Move: Ripple Labs Sparks Speculation

The cryptocurrency community has taken notice of Ripple Labs as a result of a recent transfer of 300 million XRP, which is estimated to be worth more than $680 million. Because of the magnitude of the acquisition, there have been a lot of questions and speculations floating around about what the company’s next moves are in the coming weeks or months. A lot of people are curious about whether or not this move indicates a new strategy or a change in the way that Ripple intends to approach the market.…

Dogecoin Testing Key Demand Zone – Can DOGE Push Above $0.40?

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Este artículo también está disponible en español. After the recent market-wide selloff, Dogecoin has faced significant pressure, experiencing a 20% decline from its local highs. Despite the drop, the popular meme coin still holds a bullish structure, keeping investors optimistic about its potential for recovery. However, the current levels are critical, as Dogecoin is testing key demand zones that could determine its next move. Related Reading Top analyst and trader BigCheds recently shared a technical analysis on X, highlighting that DOGE is testing crucial demand at $0.31 on the daily…