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In light of the ongoing market-wide correction, XRP fell below the critical $2 threshold, which is concerning for the altcoin. As of press time, XRP is down 6% in the last day, trading at about $1.79. There was a general decline on the cryptocurrency market at the same time, but the harm to XRP's technical structure is especially concerning.
A cursory examination of the chart shows that XRP has broken below the 200-day EMA, a significant long-term support that was once a springboard for bullish
Crypto-friendly country, Pakistan has justappointed Binance’s founder Changpeng Zhao (CZ) as its strategic crypto advisor amid heightened interest in crypto adoption.
The move, which targets building a clear regulatory framework for digital assets within Pakistan, signals increasing crypto interests among nations including Singapore, Dubai and others as they continue to position themselves as Web3-ready nations while exploring ways to incorporate crypto into their financial systems.
According to recent data provided by Arkham Intelligence, the portfolio of Satoshi Nakamoto, the mysterious creator of Bitcoin, has plunged by more than $30 billion from a record high.
Earlier today, the leading cryptocurrency slipped to a multi-month low of $74,604 before seeing a minor relief rally.
The cryptocurrency is now down by more than 30% from its all-time peak that was recorded in January.
The cryptocurrency market is getting pummeled alongside other risk-on assets. Earlier today,
Acting SEC Chair Says Ether Is Not a Security. What About XRP?
During a recent CNBC interview, Acting SEC Chairman Mark Uyeda clarified that Bitcoin and Ethereum are not securities, referencing the assessment made by former Chair Gary Gensler.
"My predecessor, Chairman Gensler, has made it pretty clear that Ethereum and Bitcoin are not securities. If involved either of those two, it would not be insider trading because it does not involve the purchase of securities," he said.
However, Uyeda stopped short of clarifying XRP's legal status despite being aske
Bitcoin ETFs Hit With $151.8 Million in Outflows As Market Bloodbath Continues
According to the data revealed by the @lookonchain analytics account on the X social network, today, on April 7, spot Bitcoin exchange-traded funds have faces substantial outflows, losing more than $150 million.
It happened to all ten ETFs, except just one. This happened as the crypto market has faced a bloodbath with Bitcoin nosediving way below $80,000.
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$151.8 million quit Bitcoin ETFs
The aforementioned analytics data source revealed that the total netflow for Bitcoin ETFs constitute
Ethereum (ETH), the second-ranked cryptocurrency by market capitalization, has been facing bearish pressure as its price plummets. ETH crashed below the critical support levels of $1,700 and $1,600 as the market continued to experience pressure from the trade tariff fallout.
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Asnotedby CryptoQuant, a leading on-chain aggregator, Ethereum investors are at a significant loss, as most bought ETH at an average price of $2,200.
Meanwhile, the analytics platform said Ethereum's next major suppo
XRP on Edge of 11% Jump Against Bitcoin, Bollinger Bands Signal
If you have been keeping an eye on theXRP-to-Bitcoin pair lately, today's daily candle might feel like the moment things started to settle into place.
On April 7, the daily chart showed a clear breakdown below the lower Bollinger Band, which is the strongest bearish confirmation the pair has seen in months. Basically, XRP/BTC just hit its most decisive technical level since the downturn began.
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It dropped to 0.00002267 BTC, below the lower Bollinger Band, but then it recovered a bit. This
Ripple Reveals $18.9 Trillion Estimation for Tokenization Market by 2033
Ripple's got big plans for the future, as it is talking about potential worth up to $18.9 trillion in anew report. By 2033, the crypto company believes the tokenization market - the digital representation of assets like real estate, stocks and even art - could reach that staggering figure.
For those not familiar, tokenization is the process of turning physical or traditional assets into digital tokens that can be traded, stored and transferred on a blockchain. It is a next-gen alternative to th
Stellar's (XLM) 16% Drop Triggers First Major Bearish Signal: What's Next?
Stellar (XLM) has completed a death cross on its daily charts, its first major bearish signal of the year. The bearish technical formation comes on the heels of a significant drop in XLM’s price, fueling speculation of deeper downside risk.
The death cross, which occurs when the 50-day moving average crosses below the 200-day moving average, is one of the most closely observed technical indications on the market. Traditionally seen as a negative indication, its appearance often signals the begi
Bulls are weaker than bears on the first day of the week, according to CoinStats.
DOGE/USD
DOGE is one of the biggest losers today, falling by 8.18%.
On the hourly chart, the rate of DOGE has made a false breakout of the local resistance of $0.1515. If the daily bar closes far from it, the drop is likely to continue to the $0.13-$0.14 area tomorrow.
On the bigger time frame, the price of DOGE has bounced off the formed support of $0.1428. However, if the candle closes near it or below, there
Bollinger Bands Signal Imminent Rebound for Dogecoin
Dogecoin (DOGE), the dog-themed meme coin, is signaling a rebound on the cryptocurrency market. Per CoinMarketCap data, the Bollinger Bands technical indicator of DOGE is tightening as market sentiment shifts.
DOGE’s technical signals hint at recovery
Notably, the tightening of the Bollinger Bands indicator is a sign of reduced bearish volatility for Dogecoin. This implies that the meme coin could soon overcome its downward trend and begin its recovery journey.
SHIB Burns Skyrocket 2,060,231% But Here’s Big Catch
The SHIB burn rate has demonstrated an astounding surge, reaching a seven-digit figure since yesterday morning. Still, the amount of meme coins that were burned is not a mind-blowing one, despite the high growth figure.
In the meantime, the SHIB price has staged a 9% increase today, after collapsing almost 2x on Sunday.
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SHIB burns jump 2,060,231%, but there's a catch
According to the Shibburn wallet tracker, over the past 24 hours, the burn rate of the Shiba Inu meme coin skyrocketed by
The weekend's drop continues on the cryptocurrency market, according to CoinStats.
SHIB/USD
The price of SHIB has declined by 4.13% over the past 24 hours.
On the hourly chart, the rate of the meme coin has tested the local resistance of $0.00001155. The volume is rising, which means there is a chance to see an ongoing upward move.
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It might happen if the daily bar closes around the current prices or above and with a long wick.
On the bigger time frame, one should focus on the bar's cl
The week has begun with an ongoing market correction, according to CoinMarketCap.
BNB/USD
The rate of Binance Coin (BNB) has fallen by 4.27% over the last day.
On the hourly chart, the price of BNB has made a false breakout of the local resistance of $565.75. As most of the daily ATR has been passed, there are low chances of seeing sharp moves by tomorrow.
On the longer time frame, the rate of the native exchange coin is far from key levels. If the candle closes around the current prices, on
Breaking: XRP Collapses 8% in Minutes Because of This One Word
The price of XRP, one of the leading cryptocurrencies by market cap, has plunged by 8% in mere minutes on major exchanges.
"Wrong"
The popular altcoin surged to $2 on the Binance exchange after Walter Bloomberg, a widely followed X account that posts headlines from the Bloomberg Terminal, wrote that the White House was considering a 90-day pause on tariffs. The account cited White House economic adviser Kevin Hassett, who had an appearance on Fox News earlier this morning.
XRP, SOL, ADA in Deep Red as Crypto Market Experiences 1,078% Liquidation
The crypto market is facing one of its most violent shakeouts in recent weeks, with major cryptocurrencies like XRP, Solana (SOL) and Cardano (ADA) recording significant losses.
A staggering 1,078% spike in crypto liquidations over the last 24 hours has wiped out $1.44 billion in positions, according to CoinGlass data, sending shockwaves across the digital asset space. Longs took the heavier hit, with $1.22 billion wiped out compared to $220 million in shorts.
300 Million Dogecoin (DOGE) on Edge as Black Monday Sell-Off May Be Real
It seems that today, Monday, April 7, everything is happening everywhere at once, just as in the movie "A24" that was released not too long ago.
Despite the fact that Black Monday has been anticipated for three days, the press today is so full of massive, sudden, large-scale events, shifts, thunderous opinions, controversies, doubts, greed and fear — everything really — that the landscape is confusing.
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Add to that a massive transfer of 300,000,000Dogecoin (DOGE) as a big chunk in the maj
Michael Saylor Ultra Bullish on Bitcoin Amid Crypto Market Bloodbath
Michael Saylor, Bitcoin evangelist and founder of the BTC-powered company Strategy, has published a bullish BTC statement amid the astonishing bloodbath faced by the cryptocurrency market.
With this statement, Saylor has assured the crypto community about Bitcoin’s resilience no matter what market conditions surround it and reaffirmed his belief in BTC’s bullish future. He tweeted that one Bitcoin will always be equal to one Bitcoin no matter what.
Although the price of XRP fell by a startling 7% today, the asset's fundamental strength has been steadily increasing, which could pave the way for a long-term recovery. On-chain data points to a hidden utility surge that might act as a powerful counterbalance to the market's bearish price action despite the fact that market sentiment has recently declined.
Price-wise, XRP has formally broken below the 200 EMA and the important trendline support at about $1.94, validating a bearish continuation
Solana Volume Skyrockets 300% as SOL Price Eyes Rebound
Solana (SOL) is in the spotlight after the most brutal sell-off in the past year. After falling below the $100 price mark over the past week, the market is recovering, marked by the uptick in SOL volume. As of press time, the Solana trading volume hasjumped by 303% in the past 24 hours to $6,566,348,328.39.
Solana rebound imminent?
As of press time, Solana sentiment is now fueled by trading volume, with the SOL price sell-off slowing down. Solana's price changed hands for $101.21, down by 14.7