David Grider, a partner at venture capital firm Finality Capital, said he thinks the Ether treasury company boom should bode well for the long-term price and inflows of the token. Source: cointelegraph.com (Read Full Article)
Ray Dalio proposes 15% allocation to Bitcoin and gold
Ray Dalio proposes 15% allocation to Bitcoin and gold as a hedge against macroeconomic risks. Source: cryptopolitan.com (Read Full Article)
XRP Price Shows Some Weakness – Is a Deeper Pullback on the Cards?
XRP price started a downside correction below the $3.250 zone. The price is now consolidating and might dip further below the $3.050 zone. XRP price started a fresh pullback below the $3.250 zone. The price is now trading below $3.220 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $3.240 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $3.080 zone. XRP Price Dips Below Support XRP price started a fresh decline from the $3.330 zone, like Bitcoin and Ethereum. The price declined below the $3.2850 and $3.250 support levels. The price dipped below the 50% Fib retracement level of the upward move from the $3.004 swing low to the $3.330 high. Besides, there was a break below a key bullish trend line with support at $3.240 on the hourly chart of the XRP/USD pair. The decline was such that the price traded below the $3.120 level. The price is now trading below $3.150 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3.1680 level. The first major resistance is near the $3.220 level. A clear move above the $3.220 resistance might send the price toward the $3.250 resistance. Any more gains might send the price toward the $3.330 resistance or even $3.350 in the near term. The next major hurdle for the bulls might be near the $3.40 zone. Another Drop? If XRP fails to clear the $3.250 resistance zone, it could start another decline. Initial support on the downside is near the $3.080 level or the 76.4% Fib retracement level of the upward move from the $3.004 swing low to the $3.330 high. The next major support is near the $3.050 level. If there is a downside break and a close below the $3.050 level, the price might continue to decline toward the $3.020 support. The next major support sits near the $3.00 zone where the bulls might take a stand. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $3.080 and $3.00. Major Resistance Levels – $3.1680 and $3.250. Source: newsbtc.com (Read Full Article)
Update: CoinDCX denies it’s in talks to be acquired by Coinbase
CoinDCX has denied a media report that it is in “advanced discussions” to be acquired by Coinbase for nearly $1 billion, reiterating it is “super focused” on building India’s crypto story. Source: cointelegraph.com (Read Full Article)
Asian markets dipped as early optimism over U.S. trade deals faded
Asian stocks eased on Tuesday as much of the earlier optimism over President Donald Trump’s proposed tariff pact with Japan, soon followed by an agreement with EU, began to fade. Investors appeared to pause after a week of rapid policy developments. Trading was subdued across the region as investors digested mixed signals. Japan’s Nikkei 225 fell […] Source: cryptopolitan.com (Read Full Article)
Will ETH Price Reach $60K? Tom Lee’s Bitmine Thinks So
Just a few months ago, Ethereum was in the doldrums with prices at bear market bottoms; now analysts and experts are predicting monumental price targets. Source: cryptopotato.com (Read Full Article)
Before You Buy the XRP Dip, Watch for This Key Trigger (Analyst)
XRP is in the red today but there could be even more pain ahead. Source: cryptopotato.com (Read Full Article)
Update: CoinDCX denies it’s in talks with Coinbase for acquisition deal
CoinDCX has denied rumors that Coinbase is in “advanced discussions” to acquire the exchange, reiterating it is “super focused” on building India’s crypto story. Source: cointelegraph.com (Read Full Article)
Nasdaq-listed Mill City Ventures earmarks $441M toward Sui treasury
Mill City Ventures has become the first public company to invest in a Sui treasury after a $450 million raise, betting on blockchain’s AI and DeFi capabilities. Source: cointelegraph.com (Read Full Article)
Ethereum Price Stays Strong – Elevated Price Hints at Bullish Continuation
Ethereum price extended its increase above the $3,880 zone. ETH is now consolidating gains and might soon aim for a move toward $4,000. Ethereum started a fresh increase above the $3,820 and $3,880 levels. The price is trading near $3,800 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $3,800 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $3,720 zone in the near term. Ethereum Price Corrects Some Gains Ethereum price remained supported above the $3,720 level and started a fresh increase, like Bitcoin. ETH price traded above the $3,800 and $3,850 resistance levels. There was a move above the $3,880 level. The price tested the $3,920 zone. A high was formed at $3,939 and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $3,515 swing low to the $3,939 high. Besides, there was a break below a key bullish trend line with support at $3,800 on the hourly chart of ETH/USD. Ethereum price is now trading near $3,800 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $3,820 level. The next key resistance is near the $3,840 level. The first major resistance is near the $3,880 level. A clear move above the $3,880 resistance might send the price toward the $3,940 resistance. An upside break above the $3,940 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,000 resistance zone or even $4,120 in the near term. Another Drop In ETH? If Ethereum fails to clear the $3,820 resistance, it could start a downside correction. Initial support on the downside is near the $3,720 level. The first major support sits near the $3,700 zone. A clear move below the $3,700 support might push the price toward the $3,650 support. Any more losses might send the price toward the $3,550 support level in the near term. The next key support sits at $3,420. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,720 Major Resistance Level – $3,820 Source: newsbtc.com (Read Full Article)