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Crypto index funds potentially adding XRP to their holdings could mean additional buying pressure for the token, one analyst said.
Today’s downside breach below the current low point of Bollinger Band bears watching for even weaker prices in the near future.
Thursday's rally to a new 13-month high of $31,800 has now more than been fully nullified.
The latest price moves in crypto markets in context for July 18, 2023.
Reddit changed its Terms of Service recently where it now explicitly allows for trading Reddit's tokenized Community Points, one observer said while explaining the price rally.
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The sale comes a day after ARK sold $50.5 million of the crypto exchange’s stock.
PLUS: A day in the life of Binance’s head of law enforcement training – petty crooks, fake subpoenas, and dodging politically sensitive requests.
The jobs market remains strong, a concern for the U.S. central bank which seems intent on raising the Federal Funds rate 25 basis points.
Ripple's XRP, Solana's SOL and Lido Finance's LDO lost more than 4% in the last 24 hours.
- 06:06IOST 3.0 Product Launch Series Begins, Airdrop Plan Officially UnveiledMarch 8 – According to the official announcement, the IOST 3.0 product launch series is now underway, accompanied by the official release of the airdrop plan. At the same time, IOST has completed its brand revamp, and the newly redesigned official website, iost.io, is now live. The updated site showcases IOST’s technological advancements as a BSC Layer 2 solution and highlights its four core technology pillars. IOST will distribute approximately 1.7 billion tokens (852.8 million to L1 holders and 852.8 million to exchange holders). L1 holders can claim their tokens through the official claim portal starting April 9, while participating exchanges will facilitate the airdrop distribution for their users.
- 06:05Analysis: The cryptocurrency market is experiencing the largest scale altcoin liquidation since the LUNA crashAccording to Bravos Research analysis, the current cryptocurrency market is experiencing the largest scale altcoin liquidation since the LUNA crash in May 2022. The market has seen about $10 billion in liquidations, far exceeding the situation after FTX's collapse. Data shows that Bitcoin's dominance continues to rise, indicating no clear signs of an altcoin season in the short term. Analysts believe that retail investor enthusiasm has not fully recovered and a real altcoin season may still be ahead.
- 06:04EU Senior Official: Trump's policy of supporting digital assets could affect European monetary sovereignty and financial stabilityThe Managing Director of the European Stability Mechanism (ESM), Pierre Gramegna, stated at a Eurogroup press conference that US President Trump's policy supporting digital assets could potentially impact Europe's monetary sovereignty and financial stability. Gramegna warned: "The U.S. government supports cryptocurrencies, especially stablecoins pegged to the dollar, which may raise some concerns in Europe. This could rekindle plans by foreign and American tech giants to launch large-scale payment solutions based on dollar-pegged stablecoins. If these plans succeed, they will affect the monetary sovereignty and financial stability of the euro area." Irish Finance Minister Paschal Donohoe also agreed, saying "policy developments in other jurisdictions could have significant impacts on Europe," emphasizing that a Central Bank Digital Currency (CBDC) is crucial for maintaining competitiveness. Meanwhile, Trump has explicitly opposed the Federal Reserve issuing CBDCs and signed an executive order establishing a cryptocurrency task force in January this year while prohibiting "the establishment, issuance, circulation and use" of U.S CBDCs. The European Central Bank has also refused to include Bitcoin in its currency reserves.