The XRP (XRP) market is well positioned for a price surge from now until October, thanks to a potential breakout on the charts, whale activity, and the end of Ripple’s legal battle with the SEC. In doing so, the XRP/USD pair could finally see value approaching or even surpassing $1, a level it hasn’t reached since 2021.XRP price is getting closer to a long-awaited technical breakthrough.The XRP weekly chart shows a symmetrical triangle pattern that has been forming since early 2018. It is characterized by converging trend lines that compress price action.The cryptocurrency is testing the pattern’s upper trendline resistance…
Author: Crypto Flexs
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Kamala Coin Rises 80% Since Biden’s Resignation Biden’s resignation has implications for political meme coin markets. Speculation shifted to Kamala Harris. The Memecoin space is very competitive, with thousands of new tokens being created every day. For this reason, many Memecoins are trying to position themselves to capitalize on the latest cultural trends, including politics. Most recently, a meme coin benefited significantly from President Joe Biden’s announcement that he would not run for reelection. After Biden endorsed Vice President Kamala Harris, the little-known Kamala coin hit an all-time high. Kamala Coin Surges After Biden Withdraws Primary The little-known Kamala Coin…
As we head into the middle of summer, the crypto world continues to flourish with exciting developments and insights. In this issue, we bring you the latest news from BitPay, industry updates, and upcoming events you won’t want to miss. From our participation in the Litecoin Summit and Bitcoin Conference to groundbreaking industry reports and new financial product launches, we’ve got all the essential updates to keep you informed and engaged.Jump into the ever-changing cryptocurrency market and stay ahead!On this issue: BitPay in the spotlightCheck out the latest news from BitPay this month:Industry NewsRead news from across the blockchain industry:With…
The surprising success of Bitcoin exchange-traded funds (ETFs) earlier this year Ethereum Ethereum +0.11% ETF — Launching today – in an interesting location.The Bitcoin ETF was widely considered the most successful ETF launch of all time, both in terms of volume and flow on the first day, and in terms of sustained high metrics in the months that followed. Now, the Ethereum ETF is likely to capture only a fraction of the flow that other ETFs have seen, but it could still be one of the most notable ETF launches of all time.“A typical ETF, if you’re lucky, will trade…
Jorg Hiller 23 Jul 2024 12:21 Bitcoin (BTC) recovered more than 29% from its July low to hit a 39-day high of $68,560, fueled by strong market signals and rising investor confidence. Bitcoin (BTC) experienced an exceptionally positive week, reaching a 39-day high of $68,560 and recovering more than 29% from its local low on July 5, according to Bitfinex Alpha. The cryptocurrency showed strong upside momentum, with five consecutive days of gains from July 12 to July 16. Market resilience amid massive sell-off The key event that affected the market was the liquidation…
NBA legend and Hall of Famer Scottie Pippen is getting thousands of responses on social media after posting a question about cryptocurrency. The retired six-time NBA champion posted a simple question on social media platform X over the weekend: Ethereum (ETH) or Solana (SOL)? But the Hall of Fame inductee’s question didn’t get a simple answer, generating 5,600 responses, a mix of responses from prominent members of the crypto community, some of whom didn’t even offer an opinion on either of the top two smart contract platforms. For example, Jack Mallers, CEO and founder of Bitcoin wallet and payments app…
Market Update • July 23, 2024 7:18 AM EDT Posted 1 minute earlier In ~ Analysts say Donald Trump is set to attend the Nashville Bitcoin Conference this weekend, and that this is one factor driving the current volatility in the Bitcoin market.”Out-of-the-money options prices have risen significantly, suggesting that extreme market moves are expected,” QCP Capital analysts said. The increased demand and rising prices for these options reflect broader expectations among market participants.Deribit’s Bitcoin options open interest reflects this sentiment. Bitcoin -1.014% According to data from the derivatives exchange, implied volatility for options rose from 53% to 67% last…
Peter Zhang 23 Jul 2024 04:16 Sui Bridge provides a secure and trust-minimized approach to asset transfers between Sui and other blockchain networks, improving interoperability and adoption. In recent months, significant efforts have been made to develop Sui Bridge, a native bridge to the Sui ecosystem. This initiative will increase Sui’s accessibility to the broader community and improve interoperability with other blockchains. Sui Bridge Background In the blockchain ecosystem, bridges are code It enables interaction and communication between independent blockchain networks. Bridges facilitate the transfer of data across boundaries, allowing users to move assets…
In Q2 2024, 1.64 million BNB tokens worth approximately $970 million were burned. Recent price action is showing resistance around the $600 level. Binance Coin (BNB) completed another large-scale token burn in Q2 2024. According to data from Bscscan, 1,643,698.8 BNB tokens were removed from circulation, worth approximately $969 million at the time of the burn. BNB’s deflationary trend continues as supply decreases significantly. source: BSC scan The burn rate remains strong, which is consistent with Binance’s long-term strategy of reducing the total supply. Each quarter, the burn is aimed at reducing the circulating supply contracts, potentially putting upward pressure…
Bitcoin is at risk of ‘profit taking’ and price weakness amid surge in institutional buying.Popular trader Skew warned in his latest analysis for X on July 23 that there will be a “headline curse” as U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) see inflows of over $500 million.ETF Inflows Not Enough to Keep BTC Price RisingSkew said that while Bitcoin ETFs are seeing a resurgence in popularity this week, there is no guarantee that the good times will continue.On June 22, after the largest US spot ETF, the BlackRock iShares Bitcoin Trust (IBIT), alone saw $526 million in inflows, he…