Author: Crypto News Live
SEC’s ETF approval ensured that interest shifted to BTC at XRP’s expense. XRP’s volume had its period of increase but it wasn’t able to match BTC. Last week, Bitcoin [BTC] made headlines after the U.S. SEC approved the first leveraged Exchange-Traded Funds (ETF). The development captured the attention of investors, which led to the king coin’s dominance in overall digital asset inflow. Realistic or not, here’s XRP’s market cap in BTC’s terms BTC gets the focus; XRP stumbles According to CoinShares’ fund flow report, investment products reached their highest since July 2022 over the previous week. This amounted to $199…
Key highlights:The total cryptocurrency market cap increased from $ 1.20T to $ 1.21T in the past 24 hours, representing a 0.38% changeThe Bitcoin price at press time is $ 30,864 after growing by 0.45% in the last 24 hoursThe total crypto trading volume increased by 0.38% in the past 24 hours, and is currently at $ 170.51BAll prices and changes are presented at the time of publication: June 25, 2023, at 06:00 UTCMarket OverviewThe total cryptocurrency market cap is currently $ 1.21T after a 0.38% increase on the day. The total crypto trading volume increased by 0.38% in the same time frame.Bitcoin is trading at…
In a recent video update, Dan Gambardello, the founder of Crypto Capital Venture and a popular crypto analyst, shed light on the exciting developments surrounding Cardano (ADA). He highlighted the significant regulatory advancements in Indonesia, where Cardano has been approved for trading as a commodity. Gambardello emphasized that this regulatory support, coupled with the burgeoning Cardano DeFi ecosystem, paves the way for Cardano’s future growth. He pointed out that while many in the crypto space are waiting for the next bull cycle, the Cardano ecosystem is already experiencing a mini bull market, with its DeFi sector showing signs of awakening.…
Widely followed crypto analyst Benjamin Cowen is warning that the odds are majorly in favor of Bitcoin (BTC) and crypto markets going for another leg down before new highs. In a new strategy session, Cowen argues that the recent bounce in Bitcoin was most likely due to capital shifting from altcoins and into the safer bet of BTC, rather than new money entering the markets. Because of this likely dynamic, the analyst says that BTC’s recent rally lacks sustainability. “No matter the direction of Bitcoin/USD, the dominance in Bitcoin is likely going to go higher. At some point this year,…
The native token of Ripple, XRP, is currently at a crucial point as a recent study reveals intriguing possibilities for its price trajectory. According to renowned analyst Egrag, XRP could reach $3.3 or soar as high as $250 based on historical patterns. Let’s delve into the analysis and explore the potential scenarios that lie ahead for XRP.Egrag’s XRP analysisIn the latest XRP analysis conducted by Egrag, two significant scenarios were brought to light, which could have a profound impact on XRP’s price curve. These insights suggest that XRP could potentially reach either $3.3 or an astonishing $250. To arrive at these…
Bitcoin holders increased despite volatility, with a rising percentage of dormant supply. Interest in ETFs and addressing unit bias may further support BTC’s adoption and liquidity. Despite market volatility, the number of Bitcoin [BTC] holders continued to rise. A recent tweet showcased the increasingly dormant Bitcoin supply, which has remained untouched for at least a year. Read Bitcoin’s [BTC] Price Prediction 2023-2024 HODLers remain strong Bitcoin’s Percent of Supply Last Active 1+ Years Ago metric indicated that more and more Bitcoin holders were refusing to sell their BTC. This was particularly remarkable, especially considering that a year ago, when the…
TL;DRBitcoin Cash hasn’t really caught on as a frequently used form of payment, but it hasn’t become any more centralized than the original BTC either.In the past 7 days, BCH has risen by ~78%, mostly fueled by the news that it will be 1 of 4 tokens listed on EDX Markets – the exchange backed by Fidelity, Schwab and Citadel.Full StoryBack on 1 Aug, 2017 – well before this newsletter ever existed – something monumental in the Bitcoin world happened.A proposal to increase the block size from 1MB to 8MB was made, but the community couldn’t agree on whether to…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Solana presented differing biases on the 1-day and 4-hour price charts, but bulls had the advantage on the lower timeframes. This could see SOL rally to $19-$20, but the evidence did not yet support further gains. Solana [SOL] was in a short-term uptrend after the bulls forced a breakout past the $16 resistance. Yet the higher timeframes were not strongly bullish. This suggested that SOL bulls could stall near the $20 resistance. How much are 1,10,100 SOLs worth today?…
Summary: Hong Kong’s largest bank HSBC now lets users trade Bitcoin (BTC) and Ether (ETH) ETFs available on the local stock exchange.Three of these exchange-traded funds are available on Hong Kong’s stock exchange including CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF, and Samsung Bitcoin Futures Active ETF.The move follows the introduction of a crypto licensing regime introduced in the Chinese special administrative region meant to pull digital asset businesses into the region and set up a global crypto hub. Hong Kong’s largest bank HSBC officially enabled the trading of Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) that are…
Solana’s ecosystem experienced a 48% decline in activity after the SEC lawsuit. DEX volumes and NFT interest declined, but some DEXes showed signs of recovery. Ever since the SEC filed a lawsuit against Coinbase and Binance, the cryptocurrency market, particularly altcoins, experienced negative repercussions. With time, the impact extended beyond token prices and began affecting the surrounding ecosystems. Is your portfolio green? Check out the Solana Profit Calculator Ecosystem takes a hit Solana [SOL] suffered greatly because of SEC’s lawsuit, as indicated by Messari’s data. In terms of activity, the network experienced a massive 48% drop in the last 30…
