TRUMP has been consolidating in range over the last 12 hours. Muted volume and bearish momentum meant traders had to wait for longer-term investments. OFFICIAL TRUMP has settled in a short-term range from $40 to $31.3. The intermediate level of $35.7 acted as resistance this morning, but has reversed into support in recent hours. Trading volume has decreased over the last 12 hours. If TRUMP breaks out of its short-term range, the Fibonacci retracement level will likely act as resistance. Is that so? Short-Term Range Formation Disturbs TRUMP Bulls Source: TRUMP/USDT on TradingView Price action on the hourly chart has…
Author: Crypto Flexs
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Jessie A. Ellis January 22, 2025 01:12 BitMEX will support the migration from Fantom to Sonic by introducing a SUSDT perpetual swap with up to 20x leverage on January 22, 2025. Leading cryptocurrency exchange BitMEX is introducing a new trading method to its platform. On January 22, 2025 at 04:00 UTC, the exchange will list the SUSDT perpetual swap, offering traders up to 20x leverage. This development was announced by BitMEX and represents a significant addition to its trading suite. SUSDT Perpetual Swap Details The SUSDT perpetual swap is expected to attract significant interest…
Donald Trump’s viral meme coin saw significant volatility on Tuesday after the president attempted to distance himself from the $8 billion project that bears his name.“I don’t know much about it other than we launched it,” Trump told reporters at a technology executive meeting. “I heard it was a huge success, but I haven’t confirmed it yet.”After rising to a 24-hour high of $48.18, the official TRUMP meme coin fell 16% to $40.29 shortly after his remarks. It has since regained ground above $43.37.Upon learning of the token’s multibillion-dollar valuation, Trump dismissed the token as “peanuts” compared to technology investments,…
Circle Internet Financial, a stablecoin issuer, acquired Hashnote, the issuer of United States Yield Coin (USYC), a tokenized real asset (RWA) fund. In a January 21 announcement, Circle said the transaction “will enable USYC to emerge as the preferred form of yield-generating collateral for cryptocurrency exchanges, as well as custodians and prime brokers.”Hashnote’s USDY is the most popular tokenized fund by market capitalization, with a total value locked (TVL) of approximately $1.25 billion, according to data provider RWA.xyz. As part of the deal, the stablecoin issuer is partnering with DRW, one of the largest institutional cryptocurrency traders. DRW plans to…
According to CEO Brian Armstrong, Coinbase will delist Tether’s USDT stablecoin if the new law goes into effect. There are currently several attempts to rework U.S. cryptocurrency legislation that could impact the company, but no progress has been made yet. So far, Tether has experienced some setbacks due to the EU’s MiCA legislation, but if a similar effort moves forward in the U.S., its operations could be severely disrupted. US legislative changes could challenge Tether Coinbase CEO Brian Armstrong has been vocal about the previous administration’s crackdown on cryptocurrencies. The exchange faced serious challenges from the SEC under Gensler’s leadership.…
Ether (ETH) has struggled to close above $3,500 since January 7, indicating weakness despite the broader cryptocurrency market rising 6% over the same period. This poor performance may be partly due to lower volumes of Ethereum-based decentralized applications (DApps), which has raised concerns among traders about whether ETH price will continue to lag.Ethereum underperforms its peers, with on-chain activity down 38%Ethereum’s on-chain activity has been quite low compared to its peers. According to DappRadar, trading volume fell 38% over the seven-day period to $36.5 billion. We ranked the top blockchains based on 7-day DApp trading volume (USD). Source: DappRadarIn contrast,…
Dogecoin (DOGE) saw a steep rise within minutes of the launch of the US government’s official Department of Government Efficiency (DOGE) website, which featured the Dogecoin logo prominently. Dogecoin Price Rally Dogecoin rose 16.7% in an hour on Tuesday, reaching $0.4043, bringing its market capitalization to $56.15 billion.Since the launch of the DOGE website, the price of Dogecoin has skyrocketed. Source: TradingViewAfter the official website of the Department of Government Efficiency was launched, trading volume surged significantly. The website prominently displays the iconic dog-themed memecoin logo along with the message “People voted for major reforms.”The official DOGE website features the…
Following a 10% price swing on January 20, Bitcoin (BTC) price has remained above $100,000 for six consecutive days and is worth $106,100 at the time of publication.Data from Checkonchain, a Bitcoin on-chain analysis program, shows that 80% of short-term holders (STH) are back in profit range after BTC recovered above $100,000. STH supply loss fell to 65% before Bitcoin rebounded earlier this month. Profit for short-term Bitcoin holders %. Source: X.comWhen short-term Bitcoin holders make a profit, it is a good sign because they are less vulnerable to panic selling during profitable periods. However, Darkfost, a verified analyst at…
In an in-depth discussion on the Hell Money podcast, David Bailey, CEO of BTC Inc., shared insights into Bitcoin’s transformative potential, geopolitical impact, and role as a cornerstone of a new global economic framework.“I see this happening much faster than anyone can understand. Within 10 years, Bitcoin will be the world’s reserve asset.” 00:00 Introduction07:15 Bitcoin soft fork 11:00 Bitcoin vs. US policy cryptocurrency 19:20 How much political power does Bitcoin have? 23:50 Bitcoin users are politically homeless. 26:20 Strategic Bitcoin Reserves 29:00 Bitcoin development and ossification 32:00 Separation of money and state 33:40 Increase your time preference SBR as…
Former Coinbase executive Balaji Srinivasan believes President Trump should consider airdropping his newly launched official memecoin to his supporters. Srinivasan told his 1.1 million followers on social media platform But he also claims that the new TRUMP coin has an “alignment problem.” “For context, the CEO of a company is usually one of the largest shareholders, but he works with all employees because they own the same shares. Ideally, all holders rise and fall as one. To use an analogy, ideally the president would want to work with citizens to ensure that everyone holds American coins that give them some…