Coinedition
XRP has formed a bullish “Double Coffee Cup” pattern, signaling significant upward potential. The breakout from a multi-year triangle aligns with improving regulatory clarity and market optimism. Indicators suggest bullish momentum, but overbought conditions point to possible short-term pullbacks.
Peanut the Squirrel (PNUT) shows a 258.9% monthly surge, highlighting strong market interest. Goatseus Maximus (GOAT) struggles with weekly declines but posts a 17.5% monthly gain. Moo Deng (MOODENG) sees a 50.5% monthly rise, signaling growing investor confidence.
Bitcoin faces intense volatility risks as it approaches critical $90K and $93K levels. Leverage clusters in Bitcoin liquidation zones could trigger rapid price fluctuations. Rising cumulative leverage highlights vulnerability for both bullish and bearish Bitcoin traders.
PEPE’s price has risen 1687.70% since November 2023, making it the third-largest memecoin. PNUT has printed a massive 2972.25% in gains in the past 30 days. PONKE witnessed ATH at $0.8409 earlier today.
South Korea delays decision on virtual asset taxation after a tax subcommittee meeting. Key issues include tax deferrals, reporting obligations, and exemption amounts. Ruling and opposition parties clash over postponing crypto taxation policies.
Eleanor Terrett highlighted the negative potential of outgoing regulatory officials. Outgoing officials can file a “midnight lawsuit” that is not subject to the CRA. Only new regulations can be reviewed by Congress within 60 days of enactment.