Last weekend was aggressively bearish in the cryptocurrency market attributed to geopolitical tension between Iran and Israel. Bitcoin plunged to a low of $61500 and prolonged correction of the majority of altcoins including XRP. Within a week, the XRP price fell from $0.643 to $0.49, registering a 24%. This downtick breached below the support of a long-coming trendline indicating the potential for further downfall. Also Read: 3 Altcoins To Buy For An XRP-Based Portfolio In 2024 Is XRP Price Heading Below $0.4? XRP Price| Tradingview Over the past nine months, the XRP price traveled a steady ..read more

The Bitcoin halving will occur this week. Large Bitcoin mining companies are well prepared for the event. Mining equities may outperform Bitcoin after the halving. The halving is only a few days away, and Bitcoin miners are ready for it. The CEOs of five major Bitcoin mining companies — Marathon Digital, Riot Platforms, CleanSpark, Hut 8, and Cipher Mining — spoke with analysts from research firm Bernstein about the impact the event will have on the mining industry. Expected on April 19, the halving will automatically slash in half the amount of Bitcoin that miners receive for maintaining ..read more

Stone X Group’s chief strategist, Kathryn Vera, gave a presentation at the Miami conference, stating that bitcoin won’t be a reserve currency – economics jargon for a currency like the dollar, euro or yuan held by central banks to support global trade and finance – “in her lifetime.” A key reason why the largest conventional currencies are cornerstones of finance is this reserve currency status. Source link ..read more

Most investors who bought memecoins Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE) continue to stay in profit despite a correction sweeping the crypto market, according to analytics firm IntoTheBlock. Following Bitcoin’s (BTC) correction from $72,750 to low of $61,079 last week, data from IntoTheBlock shows that 85% of DOGE holders are still in profit.  Meanwhile, more than half, or 62% of SHIB owners are seeing gains. Only 36% have negative returns and 2% have neither gains nor losses. Of the PEPE holders, 69% are profitable, 28% are underwater and 3% are at break-even point. Dogecoi ..read more

I almost feel like people got burned out in 2021 and 2022. You know, 2021 was I, I don’t want to call it irrational exuberance, but people were really excited in 2021. Uh 2022 is a big moment where people who invested at 50 or 60,000 suddenly saw trades in the teens asking themselves, oh my gosh, I’ve never seen something go down 75%. You know where we are today now, you know, we’re right back at, at the highs and I feel like people are still feeling the angst, the general population is still feeling a little bit of the angst from 2022. Good morning. Happy Monday. It’s April 15th, 2024. And y ..read more

China may be about to explode in XRP, Ethereum, and Bitcoin prices with the latest launch of ETF. Forbes reports that crypto investors already anticipate that Hong Kong and the United States will battle for cryptocurrency inflows into their respective funds due to the revelations. China To Inflate BTC, ETH, and XRP Price Bosera Capital, Harvest Global, and China Asset Management have announced that they have received approval to sell spot Ethereum and Bitcoin ETFs in Hong Kong. Forbes highlights that crypto investors already anticipate that Hong Kong and the United States will battle for cryp ..read more

LEO’s recent market performance has been remarkably turbulent. It has been marked by significant price fluctuations over the past day and week, culminating in a notable 5% dip by the end of the week. On the other hand, as Doge Day approaches, excitement among the Dogecoin community is gradually building, fueling a surge in Dogecoin prices. Meanwhile, BlockDAG (BDAG) welcomes batch 9, boasting presales exceeding $17.3 million and coin sales surpassing 7.5 billion BDAG. This remarkable achievement shattered records as BlockDAG commemorated the launch of its DAGpaper at the Las Vegas Sphere foll ..read more

The head of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, had a lot of contact with Sam Bankman-Friend, the disgraced former CEO of FTX, but lawmakers suggest he hasn’t been fully forthcoming about those interactions. So, Sens. Elizabeth Warren (D-Mass.) and Chuck Grassley (R-Iowa) are demanding more. Source link ..read more

Bitcoin ETFs have attracted a remarkable $485 million in inflows, indicating strong interest in the face of ongoing market fluctuations. Concurrently, the BNB chain has experienced significant growth in the first quarter but now faces challenges as it enters the second quarter. Amidst these market conditions, BlockDAG has made a notable entrance, combining blockchain’s dependability with DAG technology’s efficiency, making it a top contender in today’s crypto market. With a notable $17.3 million garnered from its presale and a recently launched technical whitepaper, BlockDAG is a hot topic ..read more

“We are now working at pace to deliver the legislation to put our final proposals for our regime in place,” Afolami said. “Once it goes live, a whole host of crypto asset activities, including operating an exchange, taking custody of customers’ assets and other things, will come within the regulatory perimeter for the first time.” Source link ..read more