Month: February 2025

XRP Price About To Make A New All-Time High Run To $5? Here’s What The Chart Says

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Este artículo también está disponible en español. The past 24 hours have seen bullish momentum return to XRP, with the cryptocurrency now reclaiming the $2.5 price level. This bullish momentum comes after a seven-day stretch of range consolidation between resistance at $2.5 and support at $2.3. Despite this consolidation of the price, technical analysis shows that XRP is still trading in a bullish setup, especially on the daily candlestick timeframe. Notably, this bullish setup shows that the XRP price is about to make a new all-time high run to $5.…

Japanese Game Firm to Allocate $6.58 Million for Bitcoin Acquisition

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Japanese mobile game developer Gumi Inc. announced plans to purchase 1 billion yen ($6.58 million) in bitcoin, aiming to bolster its blockchain initiatives and capitalize on cryptocurrency market opportunities. Gumi Unveils Bitcoin Purchase Plan and Babylon Staking as Part of Web3 Expansion Strategy Gumi, a Tokyo-listed mobile game studio, disclosed the decision following a board […] Original

Ethereum’s ETH Poised for a Price Rebound to $3K From Oversold Levels: Analysts

Ether (ETH), the second largest cryptocurrency by market capitalization, recently sunk to its weakest price compared to bitcoin (BTC) since late 2020 in a trade war-fueled panic crash, but a relief bounce might be on the horizon. “ETH looks to be trying to establish some bullish momentum and could be looking to finally make a recovery back above $3,000,” LMAX strategist Joel Kruger said in a Tuesday morning report. “Sentiment towards the world’s second largest crypto asset has been back on the rise with many medium and longer-term players stepping…

Bitcoin On The Brink Of A Massive Short Squeeze, Expert Warns

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Este artículo también está disponible en español. The Bitcoin dominance (BTC.D) surged above 64% this week, its highest level since March 2021, sparking debate over an impending short squeeze that could send its price skyward. The stark warning comes from Joe Consorti, Head of Growth at Theya, who took to X on Monday to outline what he views as a decisive turning point for Bitcoin versus the rest of the digital asset market. A Historic Break In Bitcoin’s Correlation Patterns In his post, Consorti contends that Bitcoin’s recent price action…

KURL spends $10m buying more Bitcoin, holdings reach $60m

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KURL Technology Group increased its Bitcoin treasury by $10 million, reinforcing its strategy to accumulate the world’s top cryptocurrency as a reserve asset. KURL bought 100 Bitcoin (BTC) for $10 million, scooping tokens for an average price of $103,905 per coin as announced by the company’s CEO and co-founder, Michael Mo. Mo stated that KURL’s latest Bitcoin acquisition has expanded its total holdings to approximately 610 BTC, valued at $60 million, while Bitcoin traded below $99,000. The energy company began accumulating Bitcoin in December, starting with a $21 million purchase.…

New Fund Launches Linking Crypto Investment to Portuguese Residency

A new investment vehicle, the KvarnPortugal Fund, is set to allow investors a way to gain exposure to the cryptocurrency sector while also presenting a potential pathway to Portuguese residency or citizenship. The fund is the result of a partnership between Fundbox, a Portuguese fund management company, and Kvarn X, a European cryptocurrency investment platform. The fund’s subscription period ends in Feb. 2027, according to its website, and features a 0.05% management fee, along with a one-off 2.5% subscription fee. On top of these, investors also have to cover a…

Bitcoin ETFs Coming To Japan? Government Prepares To End Ban

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

5 Best Altcoins For the Bull Run as Solana TVL Hits New Highs

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According to Messari’s latest reports, Solana TVL (total value locked) absolutely exploded in Q4 2024, ending the year in style. TVL on Solana rose to $8.6B, an incredible growth of 486% from last year. Furthermore, the quarter-on-quarter growth rate also stood at an impressive 64%. After amassing a record-breaking TVL in 2024, Solana now ranks second among blockchains after it surpassed Tron in December. Whether it’s the meme coin niche (with Pump.fun) or decentralized finance (DeFi) overall, Solana is on a roll as far as blockchain development goes. With Solana…

Wazirx to Launch RT Tokens to Compensate Users After $230M Crypto Breach

Nischal Shetty, founder and CEO of Wazirx, India’s largest cryptocurrency exchange, has announced plans to introduce RT tokens equivalent to the total value of assets stolen in the $230 million breach the platform endured. Wazirx Pledges Transparency With RT Tokens According to Shetty, Wazirx intends to distribute recovery tokens in response to the July 2024 […] Source CryptoX Portal

Top New Crypto to Buy as Japan Considers Approving Bitcoin ETFs

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Japan is making a dramatic shift in its stance on cryptocurrency. The Financial Services Agency (FSA), which once imposed a steep 55% tax on crypto income, is now considering lowering it to a more manageable 20%. Additionally, Japan is exploring the approval of Bitcoin ETFs, potentially reversing its previous ban on the asset. This move likely comes as a result of SoftBank’s foray into crypto. Nevertheless, the country now looks keen to align itself with the rest of the world as far as the crypto consensus is concerned. With yet…