archiveCryptocurrencies

On March 6, 2025, U.S. President Donald Trump signed an executive order establishing a strategic Bitcoin reserve and digital asset stockpile for the United States government. Within this executive order, Trump refers to the notion that Bitcoin is akin to “digital gold.”  Cryptocurrency enthusiasts often refer to Bitcoin as “digital gold” and consider both as equal forms of sound money. In reality, gold and Bitcoin are quite different in asset quality and in terms of their hierarchy as sound money.  Digital assets vs real assets According to Investopedia, a digital asset, such as Bitcoin, is...

Collateral token Amp registers the highest gains in the last 24 hours among the top 200 cryptos by market capitalization.Artificial Intelligence token Aethir holds steady despite the overbought RSI and resistance at $0.054.Helium struggles to hold onto gains, dropping to $4.00 as upside risks surge under the 200-day EMA resistance.The cryptocurrency market is taking a breather on Thursday after sustaining gains for almost two weeks, buoyed by heightened risk-on sentiment amid easing trade tensions between the United States (US) and China. While most top currencies are either stable or losing...

Cryptocurrency sector valuation holds above $3.1 trillion on Thursday as global financial markets react to bullish macro pointers.US President Donald Trump announced a trade deal with the UK, hinting at more deals in the works.Ethereum-hosted assets are attracting unusually high-demand with ETH, PEPE and Chainlink price gains accompanied by rising trading volumes.SUI, Virtuals Protocol and the official TRUMP token are also among the standout performers, driven by distinct catalysts.The cryptocurrency sector valuation crossed the $3.1 trillion market on Thursday, as markets reacted to bullish macro pointers. Why is the crypto market...

XRP is knocking on the 50- and 100-day EMAs confluence resistance at $2.21 amid gains in the broader crypto market.The derivatives market Open Interest regains momentum as the long-to-short ratio leans bullish.Risk-on sentiment remains high as large volume holders increase exposure in XRP.Ripple (XRP) price is gaining bullish momentum, increasing over 3% to trade at $2.19 at the time of writing on Thursday. The broader uptrend led by Bitcoin (BTC) as it closes the gap to $100,000 comes after the Federal Reserve (Fed) left interest rates unchanged at 4.24%-4.5%, citing...

Litecoin (LTC) price hovers at $86 during the Asian session on Monday, up slightly on the day even as the wider crypto market consolidates, following April’s recovery. Meanwhile, Bloomberg analyst James Seyffart believes that the spot Litecoin Exchange Traded Fund (ETF) proposal by Canary Capital has a higher probability of approval than other assets. Ethereum price faced resistance around the daily level of $1,861 on Friday and declined 1.87% over the next two days. At the time of writing on Monday, it continues to trade down at around $1,795. If ETH continues...

Cryptocurrency prices are poised to extend gains following a bullish end to April. The recovery witnessed in the broader market reflects growing interest among retail investors, with select top 200 altcoins, such as ImmutableX (IMX), Morpho, and Turbo, flying the bullish flag high, with the highest gains over the past 24 hours.  Ethereum price has been consolidating between $1,700 and $1,861 since last week. At the time of writing on Friday, it is nearing its upper consolidating boundary at $1,861. If ETH breaks and closes above the daily resistance at $1,861,...

Ripple’s (XRP) price is consolidating at $2.21 at the time of writing on Thursday, reflecting sideways trading in the wider cryptocurrency market. There is a growing need for XRP to hold above the immediate $2.20 confluence support to validate the potential breakout targeting $3.00. Meanwhile, Ripple’s $5 billion bid to acquire Circle, the company that issues USDC stablecoin, has caught the industry’s attention. Solana (SOL) price is stabilizing at around $149 at the time of writing on Thursday, after finding support around its 50-day Exponential Moving Average (EMA) the previous day....

Bitcoin price broke above its 200-day Exponential Moving Average (EMA) at $85,000 early last week, rallying 11.14% until Friday. However, BTC failed to close above its March high of $95,000 and hovered around this level in the last four days. At the time of writing on Wednesday, it continues to stabilize around the $95,000 level. TRON’s price bullish outlook may be at risk, teetering on the brink, as the immediate support from the 50-day EMA near $0.24 shows signs of faltering. Its upside is capped under $0.25, the red-shaded area...

Tether’s Q1 attestation report reveals the stablecoin giant has shored up over 7.7 tons of physical Gold to back its issuance of XAU₮. Treasuries’ info shows that at the end of Q1, Tether held 100,521 Bitcoin tokens. Tether co-founder notes that USD-backed stablecoins currently dominate, other currencies could soon compete in the sector. Tether, a stablecoin giant and the seventh-largest holder of US Treasury bills, published its attestation report for the first quarter on Monday. The stablecoin firm noted the US Dollar’s (USD) dominance in the stablecoin sector and dropped the statistics on...

Arizona state lawmakers have passed a bill allowing the state to invest up to 10% of public funds in digital assets, including Bitcoin.The legislation also establishes a Digital Assets Strategic Reserve Fund, utilizing seized crypto assets and future appropriations.The Senate bills 1025 and 1373 now await final confirmation from state Governor Katie Hobbs.The state of Arizona took a major step toward public Bitcoin adoption in the US as lawmakers passed two bills enabling direct investment of public funds in digital assets.Arizona lawmakers approve bills to Invest state assets in Bitcoin...