The XRP price recently broke down from a crucial 440-day ascending support trendline, but has managed to reclaim it this week, raising prospects of a bullish trend reversal materializing soon. The question now is whether XRP can sustain its rally to cement the outlook. Analysis of the weekly price charts
Uniswap, the leading decentralized finance (DeFi) protocol, is making waves in the market with its imminent v4 launch. Amidst anticipation, the Uniswap Foundation has announced a meticulous roadmap for the rollout, aiming to ensure the highest level of security and efficiency. The foundation disclosed that they are currently in the
There has been a noticeable slowdown in the price of Solana. In contrast to other altcoins in the market, Solana’s progress has faced tough resistance around the $120 price mark, making it a tough terrain. One possible explanation for this standstill is that the network’s operational problems have been more
The increasing demand for Bitcoin from institutional traders has helped push its price beyond $52,000 in recent times. A change in investor attitude is reflected in the spike in Bitcoin’s price. Since the middle of December, Ethereum’s price has remained within a narrow range. Ethereum has made tremendous gains in
According to Federal Reserve governor Christopher Waller, the dollar’s position as a worldwide reserve currency may be being solidified by the widespread use of stablecoins denominated in U.S dollars in the decentralized finance (DeFi) space. Waller said at a central banking-focused conference on February 15 that the U.S. dollar is
During Bitcoin’s recent surge to $52,300, followed by profit-taking, the altcoin market has displayed significant activity, with VeChain (VET) emerging as a standout performer. Over the past seven days, VET has surged by an impressive 67%, outpacing many of its counterparts in the crypto market. VeChain is reflecting a broader
The current situation of Ripple’s XRP holdings was detailed in the company’s recently published voluntary Q4 2023 report. A significant reduction in Ripple’s XRP holdings, as shown in the report, suggests a change in strategy. From the third quarter of 2023 to the fourth quarter of the same year, Ripple’s
With a price increase that has surpassed $51,000, Bitcoin has reached its highest level since November 2021. Moreover, for the first time in more than two years, the market capitalization of Bitcoin has surpassed the sought-after $1 trillion barrier. At the same time, Ethereum has shown remarkable resilience by breaking
The price of Solana (SOL) surged more than 7% recently, breaking above the $100 and $110 levels that had previously capped upside attempts through early 2024. The latest rally comes as the broader crypto market sustains positive momentum this month. Solana recently traded in a range between about $90 and
Today signifies a significant milestone in the crypto year 2024 as Bitcoin reaches a two-year high of $50,375, while Ethereum surges past $2,500. The global crypto market cap stands at an impressive $1.87 trillion, marking a 4.32% increase over the last day. Additionally, the total crypto market volume over the
