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Currencies

Bitcoin, Mantra & Trump — Asian Wrap 14 April

Bitcoin (BTC) price approaches its key resistance level at $85,000 on Monday; a breakout indicates a bullish trend ahead. Ethereum (ETH) and Ripple (XRP) found support around their key levels last week, suggesting a recovery is in the cards. Mantra (OM) price hovered at $0.83 during the Asian session on Monday, following a massive 90% crash from $6.33 on Sunday. The crash wiped out $5.2 billion in the token’s market capitalization, quickly drawing comparisons to the infamous collapse of Terra LUNA and FTX in 2022. Mantra’s team has been accused...
Currencies

Bitcoin plunges into Asia open as Crypto feels trade war pain

Cryptocurrencies sold off sharply heading into the week in Asia, underscoring a clear risk-off sentiment across markets.Bitcoin shed about 7% of its value from Sunday night through to Monday morning in Singapore to reach a low point of $77,077. Second-ranked token Ether plummeted to $1,538, an intra-day low not seen since Oct. 2023. Both Bitcoin and Ether later pared losses. The slide comes as US president Donald Trump dug in on sweeping tariffs that have already wiped trillions in value from US equities. US equity-index futures slumped and the Yen...
Currencies

Bitcoin, Binance Coin & Solana — Asian Wrap 04 April

Bitcoin (BTC) price is hovering around $83,000 on Friday after it failed to close above the $85,000 resistance level earlier this week. Ethereum (ETH) failed to find support around its key level, eyeing lower levels not seen since 2023.  Meanwhile, Ripple (XRP) retests its critical support level, a firm close below its aim for its yearly low. BNB price hovers near $593 as Binance and Kraken delist USDT for customer resident within the EU, triggering uncertainty under MiCA regulations. Solana (SOL) declined 3% in Friday's early Asian session, impacted by...
Currencies

Bitcoin, Solana & Ethereum – Asian Wrap 02 April

Bitcoin (BTC) price faces a slight rejection around its $85,000 resistance level on Wednesday after recovering 3.16% the previous day. Ripple (XRP) follows BTC as it falls below its critical level, indicating weakness and a correction on the horizon. However, Ethereum’s (ETH) price broke above its key resistance level, eyeing a recovery. Traders should watch US President Donald Trump’s “Liberation Day” on Wednesday, with significant tariff announcements, which could trigger increased volatility in the cryptocurrency market due to the potential impact of reciprocal tariffs.  Solana price consolidated below $130 on Tuesday, facing mounting...
Currencies

Pepe, Tron & Ethereum – Asian Wrap 01 April

Pepe (PEPE) memecoin approaches its descending trendline, trading around $0.000007 on Tuesday; a breakout indicates a bullish move ahead. Moreover, PEPE's long-to-short ratio supports a bullish thesis as bullish bets among the traders reach the highest over a month, aiming for double-digit gains on the horizon. Tron price defied the broader crypto market downtrend, surging 3% to $0.25 on Monday. This bullish momentum comes as stablecoin issuer Tether minted another $1 billion worth of USDT on the Tron network, according to on-chain data from Arkham. Meanwhile, market sentiment is shifting as the...
Currencies

BlackRock CEO warns Bitcoin could replace US Dollar as global reserve currency, crypto ETFs witness inflows

In an annual letter to investors, BlackRock CEO Larry Fink warned that digital assets could offset America's economic advantage. Fink claims that the US Dollar risks losing its world reserve currency status to digital assets like Bitcoin. CoinShares' weekly report notes that crypto ETFs saw inflows of $225 million last week. BlackRock CEO Larry Fink stated in an annual letter to investors on Monday that the US national debt could cause the Dollar's global reserve status to be replaced with Bitcoin if investors begin to see the digital currency as...
Currencies

Bitcoin, Ripple & Avalanche – Asian Wrap 31 March

Bitcoin (BTC) continues its decline, trading below $82,000 on Monday after falling 4.29% the previous week. Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps and declined by 9.88% and 12.40%, respectively.  Ripple's XRP is down 7% on Friday following bearish pressure from macroeconomic factors, including United States (US) President Donald Trump's tariff threats and rising US inflation. The downside pressure could accelerate if XRP's on-chain activity fails to pick up amid its rising supply. Avalanche (AVAX) has been under selling pressure in recent days, falling to the $20 support level on Friday,...
Currencies

Ethereum, Bitcoin & Cronos – Asian Wrap 28 March

Ethereum (ETH) has seen immense buying from whales on Thursday following core developers fixing April 30 as a tentative date for the Pectra upgrade to go live on mainnet. In its latest All Core Developers Consensus (ACDC) call, Ethereum developers tentatively scheduled April 30 for the Pectra mainnet upgrade. Bitcoin (BTC) price stabilizes at around $87,000 on Friday, as its RSI indicates indecisiveness among traders. However, Ethereum (ETH) and Ripple (XRP) show signs of weakness as they face resistance around their key levels and face a pullback this week.   Cronos (CRO), the native...
Currencies

Cardano, Toncoin & Ethereum – Asian Wrap 27 March

Cardano (ADA) price hovers around $0.74 at the time of writing on Thursday after a recovery of over 4% so far this week. On-chain data hints at a bullish picture as ADA’s stablecoin market cap rises while its bullish bets increase among traders.  Toncoin price rose 3% on Wednesday despite crypto market inflows subsiding after a two-day rally. Market reports suggest Elon Musk’s Grok’s integration into the Telegram social network could trigger breakout gains in the weeks ahead.  Ethereum (ETH) is down 3% on Wednesday despite positive updates of the Pectra upgrade...
Currencies

Bitcoin, Solana & Ripple – Asian Wrap 26 March

Bitcoin (BTC) price hovers around $87,000 on Wednesday after recovering 4% in the last three days. Ethereum (ETH) and Ripple (XRP) find support around their key level, suggesting a recovery on the cards. Traders should keep an eye on Trump’s upcoming “Liberation Day” on April 2, with significant tariff announcements, which could trigger increased volatility in the cryptocurrency market due to the potential impact of reciprocal tariffs. Solana’s (SOL) price hovered around $142 at the time of writing on Wednesday after recovering by 7% so far this week. Asset management companies...
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