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A bearish head and shoulders trading pattern, if completed, could kick off a 55% drawdown in XRP price. XRP (XRP) price continues to underperform the broader crypto market this week, even though multiple altcoins turned green as Bitcoin (BTC) rallied to $88,800. XRP 1-day chart. Source: Cointelegraph/TradingView The altcoin is down 4.7% over the past…
Polymarket’s Trump/Ukraine mineral deal bet sparked a backlash as a whale-controlled vote settled it incorrectly, raising concerns over manipulation and governance risks. Polymarket, the world’s largest decentralized prediction market, is under fire after a controversial outcome raised concerns over potential governance manipulation in a high-stakes political bet. A betting market on the platform asked whether…
Financial institutions are also positioning themselves for upcoming US stablecoin legislation, which may be finalized in the next two months. Fidelity Investments is reportedly in the final stages of testing a US dollar-pegged stablecoin, signaling the firm’s latest push into digital assets amid a more favorable crypto regulatory climate under the Trump administration. The $5.8…
Immutable’s token shot up to its highest level since early March just hours after it said the US Securities and Exchange Commission dropped its investigation of the Web3 gaming firm. The token tied to the crypto gaming giant Immutable surged 15% in the hours after it announced that the US Securities and Exchange Commission closed…
Bitcoin could rally to $110,000 as investors await key PCE inflation data, with analysts saying easing macro risks may trigger a strong April performance. Traditional and cryptocurrency investors eagerly await Friday’s Personal Consumption Expenditures (PCE) release, which may provide some relief to inflation-related concerns and increase investor appetite for risk assets including Bitcoin. The US…
Trump Media has inked a non-binding agreement with crypto exchange Crypto.com to launch a series of ETFs that will comprise of digital assets and securities. Trump Media has signed a non-binding agreement with Crypto.com to launch a series of exchange-traded funds in the US. Trump Technology Group Corp (TMTG) — the operator of the social…
The Nostra protocol has disabled new collateral deposits for the xSTRK and sSTRK liquid staking tokens. Nostra, a lending protocol on Starknet, has paused borrowing for two liquid staking tokens after identifying a “critical issue” with its price feeds, the decentralized finance (DeFi) protocol said. On March 24, errors in Nostra’s price feed inflated the…
Bitcoin’s resilience in the $80,000 range could set the stage for AVAX, NEAR, TON and OKB to rally. Bitcoin (BTC) bulls are trying to make a comeback by maintaining the price above the 200-day simple moving average ($84,899) over the weekend. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin needs to close above…
The US Securities and Exchange Commission held the first crypto roundtable of industry attorneys, officials, and former regulators on March 21. John Reed Stark, the former director of the Office of Internet Enforcement at the United States Securities and Exchange Commission (SEC), pushed back against the idea of regulatory reform at the first SEC crypto…
Global trade tensions and fluctuating market dynamics are making investors reconsider their crypto strategies, market analysts told Cointelegraph. Speculative appetite is vanishing from the crypto markets, as investors are looking for safer digital asset investments following the recent wave of memecoin scams and macroeconomic uncertainty. Bitcoin’s hot supply metric, which measures the Bitcoin (BTC) aged…