Category: Other Crypto News

Bitcoin Price Stability Sparks Recovery Hopes, But Hurdles Loom

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Bitcoin price started a consolidation phase below $90,500. BTC is consolidating losses and might attempt a recovery wave if it clears $91,500. Bitcoin started a minor recovery wave from the $87,200 level. The price is trading below $90,500 and the 100 hourly Simple moving average. There was a break above a short-term bearish trend line with resistance at $89,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might recover if it manages to settle above $90,500 and $91,500. Bitcoin Price Eyes Recovery Bitcoin price…

Bitcoiners Reject Quantum Computing Fears Weighing On Price

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Bitcoin backers have minimized claims that fears around quantum computing being a threat to the cryptocurrency sooner than expected are dragging on its price. Glassnode lead analyst James Check said in an X post on Thursday that linking Bitcoin’s price to quantum computing fears “is akin to blaming market manipulation for red candles, and declining exchange balances for green ones.”  Check argued that while quantum computing may be “keeping some capital away” from Bitcoin (BTC), the weakness in Bitcoin’s price performance has been driven far more by heavy selling from…

Validator Says Current Level is a Strategic Buying Opportunity

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XRP is trading above $1.90 after several weeks of pressure that pushed the token below the $2 psychological level. The pullback comes amid a broader crypto market downturn that has erased roughly $200 billion in total market capitalization since early January. Related Reading: Dogecoin (DOGE) Rebound Looks Fragile With Multiple Hurdles Ahead For XRP, the decline has been accompanied by a sharp deterioration in retail sentiment, even as some on-chain analysts and ecosystem participants argue that the current range carries longer-term significance. While price action remains fragile, the debate around…

Bitcoin Price Following The 2022 Fractal? Here Was The Previous Outcome

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Technical analysis shared by crypto analyst CryptoBullet on X highlighted a familiar price action that suggests that Bitcoin’s current structure may be closely tracking a 2022 price fractal.  Bitcoin’s price action in recent days has changed into a more fragile posture, with the cryptocurrency falling back below the psychological $90,000 level after failing to sustain higher ground above $97,000 on January 14. How Bitcoin’s Current Structure Resembles The 2022 Fractal According to CryptoBullet, Bitcoin’s present price action is closely following an interesting structure that it previously played out in 2022.…

Binance Forms New Company In Greece, Moves Forward With MiCA Licensing

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

Nasdaq Seeks to Remove Position Limits on Bitcoin and Ether ETF options

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US exchange Nasdaq has filed a rule change with the Securities and Exchange Commission to remove limits on options tied to spot Bitcoin and Ether exchange-traded funds, in a move to align crypto ETF options with rules applied to other commodity-based funds. The proposal, filed on Jan. 7 and made effective on Wednesday, lifts the existing 25,000-contract limits on options linked to a range of Bitcoin (BTC) and Ether (ETH) ETFs listed on Nasdaq, including products from BlackRock, Fidelity, Bitwise, Grayscale, ARK/21Shares and VanEck, according to the filing. The SEC…

Trump Sues JPMorgan in Florida Court for $5B over Debanking Claims: Report

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The lawsuit was filed days after the president threatened on social media to sue the banking giant for debanking him weeks after his supporters attacked the US Capitol in 2021. US President Donald Trump has filed a lawsuit in Florida state court against JPMorgan, claiming that the banking giant terminated accounts connected to the president and his businesses “without warning or provocation.” According to a Thursday Bloomberg report, Trump filed a complaint in the Miami-Dade County state court, seeking $5 billion in damages from JPMorgan and its CEO, Jamie Dimon.…

DOGE Eyes Recovery From $0.12 as On-Chain Accumulation Grows and Token Usage Expands

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Dogecoin (DOGE) is once again testing investors’ patience as it trades near the $0.12 level, a zone that has become a focal point after weeks of volatility. Related Reading The meme coin has shed more than 20% from its recent highs near $0.15, but recent price action suggests selling pressure may be easing. At the same time, on-chain data and new developments around token usage are adding fresh context to DOGE’s short-term outlook. As of January 22, Dogecoin is hovering between $0.12 and $0.13, with daily trading volumes still elevated…

Stablecoin Supply Plateaus as Regulation and Yields Rise

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After a period of rapid expansion, the global stablecoin market has largely stalled, signaling a consolidation phase as new regulation, liquidity constraints and higher real-world yields weigh on new issuance, according to Jimmy Xue, co-founder of quantitative yield protocol Axis. In a note shared with Cointelegraph, Xue said that while stablecoin regulation has advanced, tighter frameworks in the United States and Europe have forced institutional issuers to hold higher-quality reserves and absorb rising compliance costs, slowing the pace of net issuance. At the same time, elevated real yields on US…

Tennessee City Board Passes Ordinance to Allow Future Crypto Mining

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The Board of Mayor and Aldermen in Kingsport, Tennessee approved changes to the city’s zoning rules that could pave the way for cryptocurrency mining companies and data centers to operate locally. In a Tuesday meeting, the board unanimously approved on first reading an ordinance to amend the land zoning related to data centers and cryptocurrency mining sites, according to local reports. The ordinance sets guidelines on where those facilities could be located within the city. Its approval followed a recommendation from Kingsport’s planning division in December and requires a second…