Crypto enthusiasts are eagerly awaiting the third bullish golden cross in XRP’s history. A golden cross is when shorter moving averages surpass or cross long-term moving averages, indicating a shift from bearish to bullish. Popular analyst Egrag Crypto recently tweeted that the XRP community should prepare for the incoming bullish cross.Egrag’s analysis shows that every […]
Raoul Pal, a former Goldman Sachs executive, believes that the total market capitalization of cryptocurrencies will soon reach $10 trillion as institutions invest in the digital assets space. He believes that family offices, which typically take on higher than average risk, were the first to invest in the space. Pal believes that institutional investment in […]
The US economy is facing a difficult situation as the rate of credit card delinquencies has risen to its highest level since the 2008 financial crisis. This is due to an increasing number of Americans struggling to pay their credit card debts. The combined credit card debt in the US has reached a record high […]
Law enforcement communities around the world are cracking down on crypto scams, with Israeli police accusing technology entrepreneur Moshe Hogeg of defrauding investors out of $290 million. Hogeg and several unnamed associates are suspected of misappropriating funds from Israeli and foreign investors for personal use, and are facing charges of fraud, theft, money laundering, forgery, […]
XRP, Ripple’s native cryptocurrency, has seen a price recovery after a strong crash to $0.47 last week. According to blockchain analytics platform Santiment, wealthy investors are driving XRP towards a price rebound following a decline in the broader cryptocurrency market last week.Santiment reported that there are 221 addresses holding between 10 million – 1 billion […]
Ethereum’s Layer 2 solutions have achieved a remarkable milestone, reaching 54 transactions per second (TPS) on August 21st. This 5.1-fold increase in transaction throughput has been driven by scaling solutions such as ZKsync and BASE, the latter of which was nurtured by Coinbase’s incubation efforts.First-time transacting wallets have surged, surpassing Ethereum’s activity on occasion. This […]
Crypto investing is undergoing a transformation, with the reduction of later-stage risks paving the way for financialization and institutional adoption. This presents an “allocator’s dilemma” for investors, as they must decide how to best capitalize on this moment of transition. Smaller funds have a unique opportunity to outperform, but this won’t last forever. Institutional investors […]
Bitcoin’s price has recently crashed, losing nearly $5,000 in one day. On the daily timeframe, the price has been rejected from the $30K resistance level multiple times in recent months, leading to a significant drop below the critical 200-day moving average around the $28K mark. The $25K support currently holds the price, preventing it from […]
Binance, one of the world’s leading cryptocurrency exchanges, will soon remove several spot trading pairs from its platform. The removal will take effect on August 25, 2023, at 03:00 (UTC). The trading pairs that will be removed include ALCX/BUSD, PUNDIX/BUSD, FOR/BUSD, PEOPLE/BUSD, LOOM/BUSD, NMR/BUSD, SPELL/BUSD, and STORJ/BUSD.Binance has also announced the discontinuation of its Trading […]
Bitcoin has recently experienced an 11% decline, halting near $26,000. Short-term holders are facing a bleak outlook due to the decrease in BTC futures activity. The support/resistance level around $25,000 is being protected by courageous bullish investors.Cumulative Volume Delta (CVD) and Delta Analysis can be used to understand the current market conditions. Bitcoin is trading […]
