Hold The Hype—XRP ETF Not Arriving April 30, Analyst Says
Cryptocurrency investors scratched their heads last week after unsubstantiated rumors went around ProShares launching XRP ETFs on April 30. Bloomberg ETF analyst James Seyffart intervened to dispel the misinformation by assuring that no official release date has been scheduled. Related Reading: Crypto Theft: Loopscale Hackers Agree To Return Stolen $5.8 Million — For A Price […]
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Crypto analyst CasiTrades (@CasiTrades) published a new XRP analysis, highlighting yesterday’s intraday plunge to about $1.61 after the widely watched $1.90 level gave way. “Overnight we saw $1.90 break down, and price flushed to around $1.61,” the analyst commented via X, pointing out that this sudden drop produced “new extremes on the RSI across the market” and came within striking distance of a previously identified support zone. XRP To Hit $13 In April? Since the crash on Monday, XRP has rebounded significantly, but the analyst now views $1.90 as “major resistance at this point” and....
Two Chinese state-run media outlets have published a brief news item urging citizens to focus more on blockchain technology than on the “hype” of the recent surging Bitcoin prices across the board. China’s Government to Focus on Blockchain Both Sina and Xinhuanet have stated that the recent rally in BTC prices has no clear explanation. Instead, the reporters behind the article, Mao Zhenhua and Zhang Xiaohui, said people should focus on pro-blockchain state policies. Within the brief piece, the state-run press agency ensures that people are “gradually seeing the....
Cardano is recently witnessing more activities from top whales. The whales have pushed their total Cardano holdings close to 3 billion ADA. According to a crypto analyst @ali_charts, Cardano whale addresses holding between 100 million and 1 billion ADA tokens have been on a huge accumulation campaign. But ADA price is yet to reclaim its hold on the $0.40 it lost last week. Cardano Whales On Buying Spree The crypto analyst noted the top Cardano whales had amassed about 560 million ADA tokens over the past two weeks. He made the report based on data from an IntoTheBlock chart. At the time of....
Bitcoin is preparing for a supersonic bull run towards $70,000 in April. So believes Nick Spanos, co-founder of Zap.org — a decentralized oracle data feed startup. In an email interview, the market analyst said that he sees the bitcoin price higher due to two very supportive developments in the cryptocurrency market. First, Mr. Spanos noted, […]
Bitcoin has entered a period of consolidation after topping at $19,900 a number of days ago. The coin currently trades for $19,200, having bounced from the local lows but also halving failed to pass the $19,500 resistance level. An analyst thinks that Bitcoin could face a correction toward $17,000 if it manages to close under $18,700. BTC seems primed to hold this level for the time being, though. Analysts remain long-term bullish on the leading […]