The Ripple Network (XRP) experienced a remarkable surge in adoption rate on July 8, causing the total transaction count recorded on that day to reach levels last seen in February. This increase in user demand on the network also triggered a rally in XRP’s trading activity, with the altcoin’s daily
July 9, 2024 2 mins read
Ethereum’s recovery rally has gained momentum, with the price jumping in the last 48 hours, as Bitcoin sustains its position above the crucial $56,000 support level. The recent surge in ETH’s price, coupled with $52M in short-side liquidations, suggests that the bearish grip on the Ethereum price trend is loosening.
July 9, 2024 2 mins read
The Chicago Board Options Exchange (CBOE) has submitted form 19b-4s to the United States Securities and Exchange Commission (SEC) for the approval of Solana exchange-traded funds (ETFs). This move marks a crucial step towards the potential listing of Solana ETFs on regulated exchanges, opening up new investment opportunities for institutional
July 9, 2024 2 mins read
Dogecoin (DOGE), the popular meme coin, has witnessed a decline in its derivatives market activity, with the total open interest cratering to $2.51 billion as of writing. This marks the lowest level of open interest since the beginning of the year, indicating a substantial decrease in the number of outstanding
July 8, 2024 2 mins read
Cardano (ADA) has been grappling with the aftermath of a bearish onslaught over the past few weeks, resulting in its price continually setting new lows. Currently, ADA is trading at $0.3633, having lost 5.50% of its value over the past day and a substantial 22.1% over the past month. Despite
July 8, 2024 2 mins read
Despite concluding the previous week on a positive note, the cryptocurrency market has taken a bearish turn as the second week of July unfolds. The market leader, Bitcoin, has experienced a significant pullback, hovering close to the $56,000 range, while Solana (SOL) has mirrored this price action, recording a notable
July 8, 2024 2 mins read
Solana’s price is currently exhibiting the potential for an extended bearish trend, which could result in a decline of more than 8% in the upcoming days. While the recent FUD (Fear, Uncertainty, and Doubt) trade appears to have played out, a prolonged bearish phase may place the token in a
July 4, 2024 2 mins read
XRP, the native cryptocurrency of the XRP Ledger (XRPL), has experienced a rollercoaster ride since reaching its all-time high (ATH) of $3.40 in January 2018. According to an analysis by crypto researcher Bitcoin Ape, Ripple is currently trading approximately 86% below its peak. Despite this downturn, XRP has managed to
July 4, 2024 1 min read
The Funding Rate, a key indicator of sentiment in the derivatives market, has recently experienced a notable spike for Binance Coin (BNB), suggesting a potential shift in market dynamics. As a reflection of traders’ positions, the Funding Rate for BNB jumped to 0.013% on July 3, raising questions about the
July 3, 2024 2 mins read
As regulatory uncertainty continues to cast a shadow over crypto-related firms in the United States, defendants are closely monitoring the outcomes of their peers’ cases, seeking common denominators that could potentially influence their own legal battles. In this context, Attorney Fred Rispoli, a prominent Ripple (XRP) advocate, has recently provided
July 3, 2024 2 mins read