Author: cointechies

XRP price started a new decline below the $2.350 zone. The price has retested the $2.20 support zone and is currently attempting a wave of recovery. XRP price started a new decline from the $2.720 zone. The price is currently trading below $2.50 and the 100-hour simple moving average. There is a connecting bearish trend line forming resistance at $2.45 on the hourly chart of the XRP/USD pair (data source is Kraken). If the pair clears the $2.40 resistance, the pair could start to move higher. XRP price plummets to $2.20 XRP price, like Bitcoin and Ethereum, failed to move…

El Salvador has signed a $1.4bn (£1.1bn) loan deal with the International Monetary Fund (IMF) after agreeing to scale back its controversial bitcoin policy. The global financial firm said allowing businesses to decide whether to accept Bitcoin has eased the risks associated with adopting the world's largest cryptocurrency.In 2021, El Salvador became the first country in the world to issue Bitcoin fiat currency. This week, the cryptocurrency briefly hit an all-time high of over $108,000.“The potential risks of Bitcoin projects will be significantly reduced in line with the Fund’s policies,” the IMF statement said. “The legal changes will make the…

U.Today -'s New Year's rally has stalled, raising concerns that the bullish momentum may be waning. According to the given chart, Bitcoin is currently trading at $104,899, down 1.21% after reaching $106,214 and then pulling back slightly. The overall trend remains bullish, but fatigue is starting to show. The key finding of this chart is how close Bitcoin is to the uptrend line. The bull market that started in late October remains strong as Bitcoin is still trading above key support levels. In particular, the 50 EMA provides reliable and dynamic support, and the $98,400 and $97,500 levels could act…

The Ethereum market has seen notable changes recently, with significant outflows from centralized exchanges sparking debate about the cryptocurrency's short-term trajectory. Against this backdrop, Ethereum has fallen 2.4% in the past 24 hours and is currently trading at $3,858, a 21.1% drop from its all-time high of $4,878 in 2021. Ethereum withdrawals from Binance exceed 7.8 million ETH According to data from CryptoQuant, approximately 20.8 million ETH has been withdrawn from centralized exchanges in the past two months, a trend reminiscent of the 2021 bull market. Binance has played a central role in this movement, accounting for over 7.8 million…

Kraken has released Ink, a layer 2 scaling solution, ahead of schedule as part of Optimism’s broader “Superchain” project. Ink is built on Optimism's OP stack and has received 25 million OP tokens from Optimism to power Ethereum efficiency and interoperability. Initial features include a developer toolkit, an ETH token bridge, and access to several dApps. Have you ever heard of a cryptocurrency project being released ahead of schedule? If not, may I introduce you to Ink, Kraken's L2 scaling solution? The global cryptocurrency exchange announced the launch of the Ethereum Layer 2 network last night. This comes several months…

Despite initial optimism, Arthur Hayes predicts a market downturn after President Trump takes office. Cryptocurrency markets celebrated Trump's re-election, but the excitement died down overnight after the Federal Reserve announced a lower-than-expected interest rate cut in 2025. However, Hayes remains optimistic about Bitcoin's long-term prospects. He suggests that the EU's financial repression could lead investors to turn to Bitcoin as a safe haven. Arthur Hayes tackles this issue again in a year-end blog post, and it's a hell of a lot. If you have about 30 minutes to spare, it's definitely an interesting (and often humorous) read. But even if…

The launch of Pudgy Penguins' PENGU token on Solana sparked record activity, with 9 million transactions in one day, more than all other major blockchains combined, and the highest daily DEX trading volume. It was also the top active address. PENGU’s airdrop generated over 100,000 claims within the first hour, but the token value fell by over 50% within 24 hours. On Tuesday, the Solana blockchain recorded record network activity as the Pudgy Penguins NFT project launched its native token PENGU. According to Artemis data, the network saw 9 million transactions, the highest daily number since its launch in 2020.…

Michael Saylor plans to advise Donald Trump on crypto policy if invited. The company recently purchased an additional USD 1.5 billion worth of Bitcoin, increasing its total holdings to 439,000 BTC (worth approximately USD 45 billion). MicroStrategy co-founder Michael Saylor says he is willing to advise President-elect Donald Trump on crypto-related issues if asked. In an interview with Bloomberg Open Interest, Saylor said: I am always willing to offer my thoughts on constructive digital asset policy, either privately or publicly. And if I am asked to serve on some kind of digital asset advisory board. Probably will. michael saylor MicroStrategy…

After Fed Chairman Jerome Powell's comments, major stock indexes and cryptocurrencies plunged, with the Dow Jones Industrial Average dropping 1,100 points and Bitcoin falling 5%. Meme coins have fallen significantly, with Dogwifat, Pepe, and Bonk down 13% to 16%, while Pudsey Penguin is up 23%. Chairman Jerome Powell has signaled a cautious approach, saying the rate cuts will be tapered as we head into 2025, prompting mixed reactions in various markets. Despite discussions of potential Bitcoin strategic preparations, Powell emphasized that the Fed does not have the authority to own Bitcoin and is not seeking legal changes. Cryptocurrency and stock…

Investing.com – On the Investing.com index on Thursday, Cardano was trading at $0.9323 by 21:09 (2:09 p.m. Japan time), down 10.42% on the day. This was the highest daily loss rate since December 9th. Due to this decline, Cardano's market capitalization fell to $33,548.7 million (0.97% of the cryptocurrency market capitalization). At its peak, Cardano's market capitalization was $94.801 billion. Cardano has been trading between $0.9323 and $0.9802 over the past 24 hours. Over the past 7 days, Cardano has decreased in value by 11.48%. Cardano's trading volume in the 24-hour period up to the time of writing was $2,008.3…