Tag: Price

Ripple CTO Backs XRPL Amid Price Controversy

Key Notes David Schwartz praised XRPL’s low fees, public design, and growing tokenization. Repeated XRP transfers between exchanges indicating possible wash trading have surfaced. XRPL activity has dropped, with transactions down 38% and payments falling nearly 50% in a month. Ripple’s Chief Technology Officer, David Schwartz, expressed confidence in the XRP Ledger’s long-term role in global finance amid surfacing allegations of XRP XRP $3.10 24h volatility: 5.3% Market cap: $184.60 B Vol. 24h: $10.94 B price manipulation within the crypto community. Defending a 13-Year Track Record Schwartz described the XRP…

XRP Price Being Manipulated? XRPL Validator Shares Scathing Blockchain Findings

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure An XRPL validator operating under the name Grapedrop, or Grape, has published data that he claims shows patterns of trading activity manipulation capable of influencing the price of XRP. The data, which was first posted on the social media platform X, includes screenshots from the XRPL Console and examples of live transactions, forming what the validator described as a clear on-ledger footprint of unusually large and repetitive transfers between exchange addresses. Validator Alleges Wash Trading Patterns On…

BNB Price Breaks ATH at $864 on Massive 15% Rally

Key Notes BNB price has hit a new all-time high (ATH) following a 15% WTD rally to hit $864. This new price level reflects increased interest and engagement from institutional investors. Beyond BNB, Token6900 is also making waves in the broader crypto market. Certain catalysts may have triggered a bull run for Binance Coin (BNB). The digital asset has hit a new all-time high (ATH) with a 15% rally in 7 days to hit $864. This growth trend reflects increased interest and engagement from institutional investors. Institutional Adoption Drives BNB…

What’s Behind 17% Cardano (ADA) Price Rally Today?

Key Notes Technical patterns and analyst forecasts suggest Cardano price could hit $1.20 in the short term and potentially climb toward $2.90. Grayscale’s registration of the “Grayscale Cardano Trust ETF” in Delaware with 80% approval chances. Long-term holders have been steadily accumulating ADA since 2021 without major distribution. Cardano’s native cryptocurrency ADA ADA $0.98 24h volatility: 12.4% Market cap: $35.85 B Vol. 24h: $4.57 B has surged by a staggering 17% in the last 24 hours, moving closer to the crucial breakout zone of $1.0. The Cardano price rally today…

Brace For Impact: Bitcoin Price Could Crash To $110,000 Amid Signs Of Exhaustion

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Despite recovering above $120,000 again, Bitcoin has not been able to completely shake off the bearish pull. This has resulted in what looks like the beginning stages of a price pullback that could result in a notable crash. There are also fair value gaps (FVGs) that are yet to be fully filled, suggesting that the uptrend may see a pause before resuming. Bitcoin Momentum Pulling Toward Bearish As crypto analyst TehThomas explains in an analysis, the Bitcoin price action shows that it has moved toward a key rejection block. This…

Bitcoin price hits new all time high, what’s next?

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Bitcoin price has hit a new all-time high above $124k, fueled by increasing odds of a Fed rate cut in September, boosted by July’s U.S. CPI reading. Summary Bitcoin hit an alltime high of $124,000 as odds of a Fed rate cut in September rose. Spot Bitcoin ETFs drew over $1 billion in net inflows over the past five sessions. An ascending channel pattern has formed on the BTC 4-hour chart. According to data from crypto.news, Bitcoin (BTC) rose over 8.5% in the past 7 days to $124,128 on Friday,…

Ether Price May Wobble If Fed Doesn’t Cut Rates: Analysts

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Ether’s recent rally to over $4,700 is being largely propped up by expectations of a US federal rate cut in September, which could prove disastrous if it doesn’t eventuate, crypto analysts warn. “The main issue right now is that the whole market move is based on an assumption that the Fed will give the market a rate cut next month,” Swyftx lead analyst Pav Hundal told Cointelegraph on Thursday, as Ether (ETH) continues to trade at only 2.80% below its 2021 all-time high, according to CoinMarketCap data. Market participants are…

XRP Price Eyes More Gains—Can Bulls Break Major Resistance?

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Bitcoin Price Hits New Milestone ATH, Bulls Eye Even Higher Levels

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Bitcoin price is gaining pace above the $121,200 zone. BTC is now consolidating and might aim for a move above the $124,000 resistance zone. Bitcoin started a fresh increase above the $122,000 zone. The price is trading above $122,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $120,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $124,000 resistance zone. Bitcoin Price Hits New ATH Bitcoin price formed…

Bitcoin Price and Futures Leverage Climb Together — Here’s Why That Matters

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Bitcoin has extended its upward momentum over the past week, gaining nearly 6% in that time and 1.8% in the past 24 hours. At the time of writing, BTC is trading at $120,499, maintaining its position near a key resistance zone between $119,000 and $120,000. Market data indicates that traders are watching this price area closely, given its significance in previous price action during July. Recent analysis from CryptoQuant contributor Arab Chain shows that Bitcoin’s open interest (OI) on Binance has climbed to around $13.7 billion, approaching its mid-to-late July…