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For the past month and a half, XRP’s price has been moving within a symmetrical triangle pattern, but it has repeatedly failed to breach a key resistance barrier.  Now, as the token is showing signs of breaking out of this consolidation pattern, traders are growing optimistic about the possibility of a significant rally. The breakout could pave the way for XRP to reach higher price levels,...
Bitcoin’s price recently broke out of a bullish pattern, signaling the potential for a rise to $80,000. However, despite this positive technical setup, the biggest obstacle preventing the leading cryptocurrency from achieving a new all-time high is the behavior of its own holders.  BTC holders have been actively selling off their assets, creating a roadblock for Bitcoin’s upward trajectory...
Europe’s crypto scene saw some significant developments this week. Among them is Societe Generale’s EUR CoinVertible stablecoin debut on Solana. Additionally, Germany’s closure of 47 crypto exchanges due to money laundering violations made headlines. These events illustrate how Europe is steering a future with blockchain, balancing financial innovation and regulatory compliance. Societe...
LlamaRisk, Aave’s risk service provider, has proposed reducing the loan-to-value (LTV) ratio of BitGo’s Wrapped Bitcoin (WBTC) to zero on the DeFi lending platform. However, the Aave community, including Marc Zeller, founder of the Aave Chan Initiative (ACI), is opposed to this move. Aave Community Debates WBTC Proposal The proposal highlights concerns stemming from BitGo’s custodial...
The crypto exchange BingX reportedly lost over $26 million in various digital assets early Thursday morning. This incident adds to a troubling week for crypto platforms as multiple hacks continue to expose vulnerabilities within the sector. PeckShield, a blockchain security company, initially detected suspicious transactions at approximately 00:37 UTC. Initial reports suggested an outflow of...
The crypto market is bracing for heightened volatility as nearly $1.6 billion worth of Bitcoin (BTC) and Ethereum (ETH) options expire today. This event coincides with the Federal Reserve’s recent decision to cut interest rates by 50 basis points (bps). Fed’s Decision Fuels the Crypto Market Rally Ahead of Major Options Expiry According to data from Deribit, 20,037 Bitcoin options...
The Token2049 conference in Singapore has once again proven to be a key event for the crypto industry, showcasing major advancements and collaborations. The event covered everything from Ethereum’s growth to new partnerships in sports and AI, highlighting how the industry continues to evolve. Vitalik Sings Ethereum’s Progress: Fees, Speed, Future Ethereum creator Vitalik Buterin...
Chainlink’s (LINK) price has risen above $11 following the recent Fed rate cut. This increase has ignited fresh speculation about the coin’s short-term outlook. In this analysis, BeInCrypto examines the factors contributing to the hike, the potential implications of the rate cut, and what traders can expect from LINK. Chainlink Key Drivers Want More According to Santiment, alongside the...
Like other altcoins in the market, Notcoin (NOT) has seen a price increase in the last 24 hours. Within the period mentioned, NOT has jumped by 8% while its volume has surged 85%, indicating growing interest in the Telegram coin. With market volatility at a high level, Notcoin faces a crucial momentum that could determine its short-term movement. If NOT fails to break through this key...
Crypto investors and analysts support that the 2024 altcoin season may have just started, drawing signals from multiple fundamentals, including Bitcoin’s (BTC) sustained foray above $63,000. The optimism comes after the Federal Open Market Committee (FOMC) decided a 50 basis points interest rate cut in September, suggesting the US economy is in a good place. Crypto Banter Founder Highlights...