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Bitcoin Bounces Back to $67,800: Bullish Signs and Trump’s Speech Fuel the Surge

The post Bitcoin Bounces Back to $67,800: Bullish Signs and Trump’s Speech Fuel the Surge appeared first on Coinpedia Fintech News Bitcoin is back up to $67,800 and fighting the resistance after staying below the $65,000 zone. The lowest price point Bitcoin touched was $63,506.36 before it started riding back up. Let’s understand the reasons behind the rise of Bitcoin. Charts showing Bullish Signs The hourly chart shows small moving averages like 20 and 50 crossing …

XRP Major Metric Jumps 25% Amid Ripple-SEC Settlement Agitation

The digital currency market has experienced a period of volatility, marked by a significant decline in overall value. Bitcoin, for instance, has seen a 2% slump, resulting in a $336.28 million liquidation according to Coinglass’s data. However, XRP initially defied this trend, demonstrating resilience with a 0.95% increase in price to $0.6090 before settling at The post XRP Major Metric Jumps 25% Amid Ripple-SEC Settlement Agitation appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .

Bitcoin Demand Drops as Coinbase Premium Index Turns Negative Again

The Coinbase Bitcoin Premium Index has turned negative, causing a wave of reactions among U.S. cryptocurrency enthusiasts. This shift suggests a noticeable decline in investor demand, especially among American buyers. The post Bitcoin Demand Drops as Coinbase Premium Index Turns Negative Again appeared first on COINOTAG NEWS .

SEC approves Grayscale Bitcoin Mini Trust for Trading on NYSE Arca

Grayscale must await final regulatory signoff on its registration filing before listing the fund

Grayscale Bitcoin Mini Trust ETF Approved by SEC, Launches Next Week with Low Fees

Grayscale’s latest crypto product, the Bitcoin Mini Trust ETF, has been officially approved by the SEC. This new ETF aims to offer a cost-effective investment option with significantly lower fees The post Grayscale Bitcoin Mini Trust ETF Approved by SEC, Launches Next Week with Low Fees appeared first on COINOTAG NEWS .

Senator Warren Targets Chinese-Controlled Bitcoin Mining over Environmental and National Security Concerns

U.S. Senator Elizabeth Warren intensifies her campaign against foreign-owned cryptocurrency mining facilities, citing multiple risks. During a Senate Committee hearing, Warren directed questions to Treasury’s assistant secretary regarding these risks. The post Senator Warren Targets Chinese-Controlled Bitcoin Mining over Environmental and National Security Concerns appeared first on COINOTAG NEWS .

Crypto markets seemingly revive – but Ethereum is still too weak

Crypto prices are bouncing back after two rough days. Bitcoin climbed over 5%, hitting $68,151, and Ethereum rose 3% to $3,270 at press time. This comes as investors move back into riskier assets. Stocks like the Nasdaq Composite and S&P 500, which had their worst day since 2022 earlier this week, also saw gains. Coinbase

‘We have to get rid of the folks who are in the way’ — Senators speak at Bitcoin 2024

The two Republican senators claimed that if their party wins control of the Senate, they will stop the SEC’s “regulation by enforcement.”

Michael Saylor Predicts Bitcoin’s Future Value at 2045 Conference

Michael Saylor predicts Bitcoin's market value to reach $280 trillion by 2045. MicroStrategy holds more Bitcoin than the US and Mt. Continue Reading: Michael Saylor Predicts Bitcoin’s Future Value at 2045 Conference The post Michael Saylor Predicts Bitcoin’s Future Value at 2045 Conference appeared first on COINTURK NEWS .

Analyst Says XRP Remains Strongest Compared To Bitcoin And Ethereum, Here’s Why

Crypto analyst RLinda has revealed that XRP is showing impressive strength despite the decline in Bitcoin and Ethereum’s price. She explained why XRP suddenly has such a bullish outlook, considering that the crypto token has underperformed since the start of the year. XRP Is The “Strongest” In The Market RLinda mentioned in a post on TradingView that XRP is the strongest in the market. She noted that the crypto token has been holding quite well as traders and investors are again becoming bullish on XRP due to its “improving fundamental backdrop.” She alluded to the long-running legal battle between the US Securities and Exchange Commission (SEC) and how Ripple CEO Brad Garlinghouse recently stated that he expects the lawsuit to end “very soon.” Related Reading: Crypto Analyst Says Bitcoin Is Headed For $260,000 But This Must Happen First RLinda also mentioned the rumors that the SEC’s closed-door meeting on July 25 was related to a potential settlement with Ripple. As such, these bullish fundamentals have led to rising trading volumes, prices hitting local highs, and increased whale activity. Bitcoinist recently reported that XRP whales accumulated over 140 million XRP tokens this past week. Network activity on the XRP Ledger (XRPL) has increased significantly, with a notable increase in the number of new addresses on the network and total addresses interacting on the network, both metrics at their highest levels since March. This again highlights the bullish sentiment that investors are beginning to have towards XRP in anticipation of higher prices. These investors expect that the conclusion of the legal battle between the SEC and Ripple could trigger a massive rally for XRP, especially considering that this case is believed to have been a stumbling block to XRP’s growth in the 2021 bull run. XRP is also long overdue for such a rally, seeing how it has consolidated for over six years. As such, an end to the lawsuit could provide the much-needed catalyst to spark such price movement. Interestingly, crypto analysts like JackTheRippler previously predicted that XRP could climb as high as $100 once the case between the SEC and Ripple ends. Key Price Levels To Watch Out For RLinda mentioned that the price range between $0.6378 and $0.5712 is worth paying attention to from a technical perspective. She claimed that XRP’s price may test liquidity below the support before subsequent growth if it fails to break the resistance level at $0.6378. She also highlighted another crucial resistance level at $0.7440. Related Reading: Ethereum Whales Rapidly Accumulate ETH Amid Price Decline Meanwhile, according to RLinda, $0.5712 and $0.5100 are crucial support levels that XRP needs to hold above, as a drop below these levels could invalidate its bullish outlook. The analyst again alluded to the lawsuit and asserted that it would give XRP a “second life.” She suggested this could lead to a successful breakout from the $0.6378 price level, which she added will “open a new path” for the crypto token. At the time of writing, XRP is trading at around $0.6, up almost 1% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com

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