Category: CryptoX News

key support lost, death cross likely

Dogecoin price continued its downward trend on Tuesday as most cryptocurrencies plunged. DOGE moved to a low of $0.1140, its lowest swing since March 1st, 2024. It has slipped by almost 50% from its highest point this year. Crypto sell-off accelerates Dogecoin has come under pressure since March as focus among most meme traders turned to newer tokens like Pepe, Dogwifhat, and Brett. In this period, most traditional meme tokens like DOGE, Shiba Inu, and Baby Doge underperformed their newer peers.  Dogecoin has also dropped because of Bitcoin’s performance. Bitcoin,…

Beercoin Price Sinking but Expert Says This Sealana Meme Coin Could Explode Next

Solana-based cryptocurrency Beercoin has begun to show weakness after monumental early success. However, another Solana-based meme coin, Sealana, is just days out from its exchange launch, and analysts are hopeful that it could explode next. BEER Plunges Over 30% as Crypto Prices Tumble It’s been a challenging time for anyone who bought Beercoin this week […] Source BitcoincryptoexchangeExchanges CryptoX Portal

BTC rises on CPI and Fed rate hopes; 5thScape presale gains momentum

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin surges to $69,430 amid CPI and Fed rate news, while 5thScape’s presale gains significant investor attention. The cryptocurrency market experienced a surge on Wednesday, particularly in Bitcoin, as investors awaited the release of the US CPI figures. With the price of BTC at $69,430 during the US session, there is the possibility of gains this week. Hopes of a rate cut by the Fed also supported markets along…

Coinbase International Adds Support for Trading Pre-Launch Tokens

Coinbase International has announced its support for pre-launch markets, a platform that allows traders to trade perpetual futures contracts for tokens that are yet to launch. This feature offers traders the opportunity to participate in price discovery of upcoming projects within a secure environment. Pre-launch markets also carry unique considerations and elevated risks, including lower […] Source CryptoX Portal

XRP price outlook: Ripple’s underperformance explained

Ripple (XRP) price has underperformed the broader crypto market this year. It has crashed by over 20% in 2024 while Bitcoin has soared by almost 50%. XRP has lagged behind other top ten cryptocurrencies like Toncoin, Ethereum, and Binance Coin. XRP has risen by just 1.6% in the past 12 months while Bitcoin has surged by over 100%. Its underperformance versus meme coins like Floki, Pepe, Book of Meme, and Brett has been a source of frustration for longer-term investors. Ripple’s performance has lagged the market despite even as the…

Quant price dips as whale makes major move

The price of Quant (QNT) is down nearly 5% in the past 24 hours amid the broader crypto market weakness that has Bitcoin trading near the $65,000 level. While BTC and other top cryptocurrencies struggle amid current market reaction to macroeconomic conditions, Quant has an extra layer of downside pressure after a whale moved over 118,000 QNT tokens to the Kraken crypto exchange. QNT, which traded at highs of $102 on May 21, is currently hovering at $79.85, with bulls under pressure that could see bears retest lows last seen…

Zimbabwean Regulators Develop Framework for Virtual Assets Trading

The Securities and Exchange Commission of Zimbabwe (SECZ) and the Reserve Bank of Zimbabwe (RBZ) are reportedly developing a framework for virtual asset trading. The framework aims to provide clear legislation, client protection under the Data Protection Act, and educational support. Challenges include infrastructural investment and licensing fees for foreign-supplied systems. An informal virtual asset […] Source CryptoX Portal

Tanzania Targets Crypto Traders With Proposed Income Tax Act Amendment

Tanzania plans to amend its Income Tax Act to tax crypto trades. The proposal includes a three per cent withholding tax on income from digital asset transactions. Digital platform owners or facilitators of digital asset transfers will act as withholding agents. Foreign citizens operating such platforms must register under Tanzania’s Simplified Tax Regime. The government […] Source CryptoX Portal

Financial Stability Board Emphasizes Need for Global Crypto Regulation to Prevent Arbitrage

The Financial Stability Board (FSB) Plenary met in Toronto on June 14 to discuss various financial stability issues. Key topics included the financial stability outlook, lessons from the March 2023 banking turmoil, and enhancing the resilience of non-bank financial intermediation (NBFI). The FSB also reviewed progress on implementing its global regulatory framework for crypto asset […] Source CryptoX Portal

Digital Asset Funds Witness Major Shake-up Amid Fed’s Hawkish Stance: Coinshares

Digital asset investment products have seen substantial outflows totaling $600 million, marking the most significant withdrawal since March 22, 2024. According to Coinshares and lead researcher James Butterfill, this exodus is attributed to a hawkish Federal Open Market Committee (FOMC) stance, leading investors to reduce their exposure to fixed-supply assets like bitcoin. Coinshares Flow Report […] Source CryptoX Portal