Author: cointechies

As market commentators expect XRP to rise further, seven events are poised to support this expected price rise. Notably, XRP has performed exceptionally well over the last seven weeks: in November it rose 283% and in December it managed sustained gains despite the recent broader market correction that pushed it to the lower end of the $2 mark record. XRP is now trading at $2.35, up 3.23% this morning but down more than 5% over the past seven days. Given the ongoing decline, analysts believe that XRP’s uptrend is still in its infancy. Here are seven key events that could…

Billionaire Warren Buffett just poured more than half a billion dollars into three assets. After selling huge positions in Apple and Bank of America and hoarding $325 billion worth of cash, new SEC filings show that Berkshire Hathaway’s chairman and CEO Occidental Petroleum (OXY) worth $405 million -dollars bought. Occidental Petroleum is a global energy company engaged in oil and gas exploration and production, as well as chemical and low-carbon initiatives. OXY is down 21% since the start of 2024, falling from $60.05 to $47.13 at the time of publication. Meanwhile, Buffett also bought Sirius XM Holdings (SIRI) for $113…

Well-known market analyst Dima James Potts believes that Dogecoin will rise to double digits in this bull cycle, providing the timeline for its realization. Dogecoin has shown strong signs of recovery after a significant correction yesterday. The dog-themed meme coin rebounded from an over six-week low of $0.26216 on December 20 to close above $0.31,000. Additionally, DOGE continued its bullish momentum today, rising over 8% to $0.345 at press time. Amid the upswing, a well-known analyst, Dima James Potts, has revealed his Dogecoin price target for this cycle. Analysts say $10 is Dogecoin’s minimum price target Potts acknowledged the cyclical…

A widely followed crypto analyst is issuing a new warning about the digital asset market in the final days of the year. Pseudonymous analyst Altcoin Sherpa tells his 234,800 followers on social media platform X that the crypto market could see wild price swings by the end of December. However, based on historical precedent, the analyst predicts that markets could recover in January. “We’ll probably get one or more flushes before the end of the year, but keep your eye on the price and manage the volatility. January is historically a great month for crypto. In my opinion, you sell…

Veteran trader Peter Brandt warns that a bearish signal is flashing for Bitcoin, suggesting that BTC could be headed for significantly lower prices. Brandt shares with his 763,600 followers on the social media platform “Hey trolls, this isn’t a prediction. I simply always point out possibilities, not probabilities, not certainties. No screenshot required. The BTC right-angled expanding triangle could return to the $70,000 level and be a test of the parabolic modality.” Source: Peter Brandt/X Looking at the trader’s chart, he appears to be predicting that BTC could fall as low as $76,614 if it breaks the support at around…

A billion-dollar US bank is warning thousands of customers of a major data breach. According to a filing with the Maine Attorney General’s Office, 8,358 customers of Citizens Bank – the 16th largest bank in the U.S. by total assets – are affected. The breach is attributed to “insider misconduct” that is believed to have occurred on October 23, 2023. According to Citizens Bank, the breach involved highly sensitive customer data. “Information that may be involved includes your citizen account number(s), social security number, date of birth, or identification information.” The bank is offering affected customers a two-year membership to…

Real Vision crypto analyst Jamie Coutts outlines the key trends the cryptocurrency industry is expected to witness in 2025. Coutts says on social media platform X that the decentralized finance (DeFi) sector could grow four to five times with the entry of the traditional finance (TradFi) sector. Given the massive growth, Coutts predicts that some DeFi protocols could outperform Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). He also sees the beginning of an intertwining between DeFi and TradFi next year. “Big trends for 2025 1. TradFi starts to catch up – expect CEX (centralized exchange) acquisitions and more crypto integrations…

The number of U.S. banks facing major problems continues to rise, according to new figures from the Federal Deposit Insurance Corporation (FDIC). In its quarterly bank profile report, the FDIC said the number of U.S. lenders on its “problem bank list” increased to 68 in the third quarter. The figure represents the fifth quarterly increase in the number of banks receiving a rating of 4 or 5 in the CAMELS rating system since the second quarter of 2023. A lender with a CAMELS rating of 4 indicates that the company has financial, operational or managerial weaknesses – or a combination…

Bitstamp, the world’s longest-running crypto exchange, has published a bold and promising outlook for XRP through the end of 2024. On a Friday tweetthe exchange boldly declared that XRP will make history in the crypto market by 2025. Bitstamp’s tweet quickly went viral in the crypto community, with the XRP army cheering the promising prospects. Although Bitstamp has not explicitly stated the expected success of XRP by 2025, the most likely guess is related to price. In addition to price, other XRP-related milestones are expected in 2025, including the conclusion of the Ripple lawsuit and the Introduction of ETFs. Historical…

New data from a crypto insights platform shows that Bitcoin (BTC) exchange-traded funds (ETFs) recorded the largest single-day net outflows since their launch in January. In a new thread on the social media platform According to Spot On Chain, Fidelity’s FBTC was the ETF that led in terms of total outflows, while BlackRock’s IBIT ETF was trending sideways. December 19th also marked the end of a 15-day inflow streak for Bitcoin ETFs. “US BTC ETFs just saw their LARGEST net outflow since launch: $671.9 million. Fidelity’s FBTC led the outflows with a record $208.5 million, while BlackRock’s IBIT remained stable…