XRP traders are increasingly wagering on a recovery, despite the token’s ongoing challenges near the $1 mark and a surge in online commentary reflecting the most pessimistic sentiment in three months. On Monday, futures open interest, representing the capital committed to outstanding derivatives positions, increased to approximately $2.78 billion, reflecting a 2% rise over the … Read more
This week, Ethereum maintained its position around the crucial support level of $1,800, experiencing a slight decline of 2%. While this places sellers in a more advantageous position, they must breach the support level to seize the initiative. The current ETH price action indicates notable weakness following the establishment of a lower high just beneath … Read more
The cryptocurrency market capitalisation experienced a slight decline over the past 24 hours, as market participants responded to the consumer price inflation data for July from the U.S., which aligned with market expectations. Positive inflows to U.S.-listed Bitcoin Spot ETF products mitigated losses. Overall crypto market capitalisation has contracted by more than a quarter percent … Read more
Cryptocurrencies have witnessed a downturn in the last 24 hours as markets recalibrated in response to the ongoing geopolitical uncertainties in the Middle East and the resultant rise in crude oil prices. The unexpected decline in U.S. payrolls, along with concerns about the upcoming consumer price inflation and producer price inflation data from the U.S. … Read more
The week began well for the spot exchange-traded funds that track Ripple’s cross-border coin, reaching a new all-time high in terms of total net inflows. However, in the days that followed, a well-known and rather concerning situation recurred. Simultaneously, the HYPE ETFs have ended their streak and found themselves significantly in the red for a … Read more
Cryptocurrencies experienced a significant decline over the past 24 hours, coinciding with heightened tensions in the Middle East and the breakdown of the U.S.-Iran ceasefire. Anxiety ahead of the release of the FOMC minutes on Wednesday further dampened sentiment. Bitcoin fluctuated within a range of $64,189 to $61,639 over the last 24 hours. The bearish … Read more
On Wednesday, a core CPI reading from the U.S. that exceeded expectations contributed to a recovery in cryptocurrency markets. The U.S. military’s announcement regarding the completion of military strikes against Iran has also contributed to a rise in cryptocurrency prices. Anxiety surrounding the interest rate decision by the European Central Bank, which is widely anticipated … Read more
Recent on-chain data reveal that the Binance exchange has experienced significant volatility in stablecoin inflows over the past few days. This observation can be attributed to the overall volatility in the market during this timeframe, influenced by Bitcoin’s price fluctuations. An analyst has provided insights on the erratic flow in stablecoin movements and its potential … Read more
Cryptocurrencies are demonstrating resilience as traders anticipate the Federal Reserve’s interest rate announcement, scheduled for Wednesday afternoon. The Fed is expected to keep interest rates steady. Interest rate decisions by the Bank of England and the European Central Bank, scheduled for Thursday, are expected to stay the same. The total market capitalization of cryptocurrencies has … Read more
Cryptocurrencies experienced a downturn as markets processed the latest updates regarding regulatory matters, particularly after the legislative momentum of the CLARITY Act came to a halt. The resurgence of geopolitical tensions has sparked a safe haven demand for cryptocurrencies, effectively curbing potential losses. The overall crypto market capitalization has seen a decline of over 1 … Read more
