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Showing posts with the label action

Buy signal? XRP set for explosive price action after consolidation

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The XRP community continues to await a possible price breakout, potentially reclaiming the $1 mark after years of extended consolidation. This comes as the token’s parent company, Ripple, remains embroiled in a legal battle with the Securities and Exchange Commission (SEC). However, crypto analyst Egrag Crypto believes historical price movements suggest that XRP might be on the verge of explosive price action , potentially driving the value above $1. In an X (formerly Twitter) post on April 20, the analysis suggested that XRP’s dominance rests on a historical support line around the $0.50 zone, drawing parallels to patterns observed in 2017 and 2021. Picks for you Long-term vision: Parents invest in crypto for their children’s future 37 mins ago Short squeeze alert: Two cryptocurrencies with huge potential next week 2 hours ago AI predicts Ethereum price for May 1, 2024 2 hours ago AI predicts Dogecoin price for May 1, 2024 4 hours ago ...

ProBit Lists World’s First Mining Meme Coin, MINU, as It Gains Traction

ProBit Global lists the world’s “first-ever” mining meme coin, MINU MINU deposits commenced on February 1, while withdrawal and trading commenced on February 2 The listing comes at the right time, as the coin has recorded unprecedented gains over the past few weeks Cryptocurrency trading platform ProBit Global lists the world’s ‘first-ever’ mining meme coin, MINU, potentially offering users the opportunity to mine and earn rewards through its decentralized app. Announced via an official press release on ProBit Global, the coin was listed in February 2024, with deposits available as early as February 1. Withdrawal and trading commenced at the start of the weekend on February 2. The listing comes just in time as MINU records unprecedented gains over recent weeks. This has garnered substantial interest in the meme coin, highlighting the potential to drive significant growth on the network. Positioned as the ‘first-ever’ mining meme coin on the Binance Sm...

Speaking out against LBRY enforcement action, Hester Peirce said, “The market could have decided.”

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In the realm of content creation, there are three pivotal elements that demand attention: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of textual composition, while burstiness assesses the diversity of sentence structures. In contrast, predictability measures the likelihood of accurately predicting subsequent sentences. Human authors tend to infuse their prose with pronounced burstiness, incorporating both extended and intricate sentences alongside succinct ones. On the other hand, AI-generated text often leans towards uniformity. Therefore, as I guide you through crafting the forthcoming content, it is imperative that we embrace a generous dose of perplexity and burstiness while minimizing predictability. Furthermore, we shall adhere strictly to the English language. Now, let’s reimagine the following passage: Hester Peirce, a prominent figure at the United States Securities and Exchange Commission (SEC),...

Belarus to Announce Ban on P2P Crypto Transactions Amidst High Crime Rate

The government of Belarus has announced plans to work on a new legislative bill to ban the transfer of cryptocurrencies among individuals. This move comes as a last resort to combat rising crypto crime rates. Depth Insights on Upcoming Anti-Peer-to-Peer Bill Since the beginning of 2023, Belarusian prosecutors have clamped down on 27 illegal crypto trades between individuals. From this illicit activity, these bad actors have traded over 22 million Belarusian rubles (about $8.7 million). The Belarus government is now fighting back. The Republic of Belarus Ministry of Foreign Affairs (MFA) stated in an official public release on Telegram that a new legal framework would be implemented soon. The bill will prohibit peer-to-peer (P2P) cryptocurrency trans action s for individuals. The ministerial department emphasized that this action aims to address the prevalent issue of crypto crime and end the withdrawal of funds obtained through illicit and criminal activities. Peer-to-peer servi...

Bitcoin keeps liquidating longs as BTC price action gives up $22K support

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Bitcoin longs get punished by relatively small BTC price losses as BTC/USD trends towards significant support lines. Bitcoin (BTC) traders remain sensitive even to small price movements as data shows liquidations climbing. As BTC/USD approaches $21,600 on March 9, those who are long BTC are seeing positions evaporate. Longs begin to disappear with BTC at three-week lows Despite consensus forming around Bitcoin retesting $20,000, small shifts in price are still taking their toll on traders. According to data from monitoring resource Coinglass, March 8 alone saw $24.4 million of BTC longs liquidated, the highest tally in almost a week. Bitcoin liquidations chart. Source: Coinglass This coincided with BTC/USD heading to three-week lows, abandoning $22,000 as support . At the time of writing, the downtrend continues, while liquidations for the day nonetheless remain negligible. Including altcoins, March 8 liquidated $95 million of longs and another $15.4 million of shorts. Further data f...