Cryptocurrency News Today TheBitTimes.com

After several years of trials and struggles, Ripple’s XRP was seen getting back under the spotlight. The firm and the altcoin were hit with increased scrutiny by law enforcement. The Securities and Exchange Commission (SEC) of the United States put the network through a jarring process. Things, however, took a new turn with the arrival of the country’s latest President Donald Trump. The altcoin is expected to start over a new chapter and record a peak sooner than later. Also Read: Walmart (WMT): Top Stock to Accumulate as Tariffs Kick In XRP Surges By Nearly 300% Source: Bitcoin.com Throughout the past 12 months, the price of Ripple’s XRP has increased by 278%. The asset was priced at a low of $0.3911 during the beginning of 2024, but in no time, XRP surged to a high of $3.39. At press time, the altcoin was trading at $2.44 with a 5.37% rise over the past 24 hours. Source: CoinMarketCap Despite its meteoric ascent, XRP failed to reclaim its all-time high. The altcoin r...

Bitcoin (BTC) is soaring high on the radar, spiking 5% in the last 24 hours to claim a new price mark of $97K. The token has breached predicted thresholds to claim a new trajectory. As the token conquers new price levels, BTC is now much closer to hitting $100K, a truly ambitious price spot that may usher in a great influx and popularity for the token. Will BTC be able to move past $100K as soon as this weekend? Also Read: AI Predicts When Dogecoin Will Reach $1 Bitcoin Is On The Move: Can It Hit $100K This Weekend? Source – Bitcoin.com Bitcoin is enjoying global attention, as it currently sits at $97K, inviting a huge pool of influx and attention along the way. With the Trump regime taking over the White House, the US political domain is buzzing with new crypto trends as Trump is busy working on launching a workforce that is pro-crypto. The president-elect is already contemplating curating an official pro-crypto role with the backing of the White House, a first-of-a-kind role, ac...

Bitcoin’s (BTC) recent surge to a record high of $73,750, followed by a pullback to $61,000, has sparked discussions among cryptocurrency enthusiasts and experts about the potential onset of an ‘Altseason.’ Traditionally, Bitcoin ignites market cycles with robust surge s, but the real action often unfolds during its consolidation phases, when other cryptocurrencies typically take the lead. This pattern is expected to be more pronounced due to several factors that are driving broader adoption and enhancing the valuation of altcoins. The integration of decentralized finance (DeFi), advancements in blockchain scalability, and the expanding use of smart contracts are key factors contributing to a potential altcoin rally, which could significantly alter the dynamics of the cryptocurrency market. Picks for you 3 cryptocurrencies to avoid trading this week 25 mins ago Bitcoin meltdown imminent? Expert warns start of BTC crash next week 59 mins ago S...

Recent events in the cryptocurrency market completely shifted sentiment from neutral to bullish. The SEC finally approved Bitcoin spot ETFs, igniting a bull rally for most cryptocurrencies. In this occurrence, traders closed millions of dollars worth of short positions, reducing the likelihood of short squeeze s. Nevertheless, it is still possible to find small liquidity pools in the market, which can quickly become market makers’ targets. By opening a short position, traders create liquidity pools upwards, due to stop losses and pre-defined margin call prices. Essentially, if the cryptocurrency reaches these prices, the positions are closed or liquidated, skyrocket ing the price on further liquidity pools. This is what is called a short squeeze . In particular, Dogecoin (DOGE) and BNB Chain (BNB) still have some liquidity at higher price levels despite their low volume. Finbold used data from CoinGlass , retrieved on January 11. Short squeeze alert for Dogecoin (DOGE) ...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. At their inception, the power of cryptography and cryptocurrencies was their separation from centralized control that has fed inequality in our financial systems for millennia. Fast forward to 2023, and centralization has seen the downfall of some of the industry’s most prominent and brightest stars, from Changpeng Zhao exiting Binance, Sam Bankman-Fried and FTX saga, Terra’s Luna to BlockFi, the space has been stifled with corruption and egregious errors at the hands of a few, forever changing the web3 landscape. Un-governance is the key to the next cycle of decentralization and the only way to secure the future of cryptocurrencies and decentralized finance. You might also like: Decentralized finance is changing our everyday lives | Opinion So, what is un-governance?   At the heart of un-governance is the unwaverin...

The impending approval of Bitcoin (BTC) exchange-traded funds (ETF) generates significant excitement in a potential breakthrough for cryptocurrency on Wall Street. This development is anticipated to open up digital currency investing to institutional and retail investors, marking a pivotal moment in the industry. The anticipated approval by the US Securities and Exchange Commission (SEC) of ETFs designed to buy and sell BTC could usher in a new era for crypto investments.  This regulatory shift, expected by mid-January or sooner, follows a decade of previous rejections of similar applications. The involvement of major financial players like BlackRock (NYSE: BLK), Fidelity, and Invesco (NYSE: IVZ) is contributing to projections that the spot-Bitcoin ETF market could grow into a $100 billion powerhouse, as per Bloomberg on November 20.  The potential widespread adoption of this ETF is viewed as a game-changer, simplifying access for investors and allowing for direct supervisi...

In this year’s review, the FDIC evaluates the potential implications and challenges of integrating crypto activities into the traditional US banking framework. In its 2023 annual risk review, the US Federal Deposit Insurance Corporation (FDIC) dedicated a comprehensive section to the implications of cryptocurrency activities on the national banking infrastructure. The FDIC’s primary functions include insuring deposits and supervising financial institutions in the US. The backdrop for this attention was the eventful year 2022 for the crypto sector. Prominent players in the industry, such as Terraform Labs, BlockFi, Celsius, Three Arrows Capital, and FTX, faced financial setbacks. These challenges reverberated in the banking sector, influencing institutions like Silvergate and Silicon Valley Bank. While the cryptocurrency market is recognized for its rapid evolution, it inherently carries certain complexities. The FDIC highlighted some potential issues, including frau...

Cryptocurrencies are filled with potential investment opportunities, each with unique characteristics and potential returns. Let’s compare two altcoin projects, InQubeta and Bitcoin Cash, to determine which one has the potential to deliver a higher return on investment (ROI) in 2023. InQubeta Vs. Bitcoin Cash  Before diving into the specifics, let’s look at each altcoin and their respective ecosystems. InQubeta is a project focusing on the intersection of artificial intelligence (AI) and blockchain technology. Its goal is to connect investors with promising AI startups, offering them fractional investment opportunities. The InQubeta ecosystem aims to provide a platform for investors to participate in the growth of the AI industry, which is expected to see significant advancements in the coming years. You might also like: Investors bullish on Aave, InQubeta, and Filecoin despite inflation concerns On the other hand, Bitcoin Cash (BCH) emerged du...