Analysts Say Ethereum Price Must Hold $1.8K to Avoid Breakdown

Ether’s (ETH) rally stalled late Monday just above $2,000 due to stiff overhead resistance, as the technical setup suggested that downward momentum would increase if the ETH/USD pair breaks below $1,800. Key takeaways: ETH price must hold above $1,800 to avoid another leg down.  Ether’s bearish charts and onchain indicators converge on ETH prices below…

ECB Flags Stablecoins as a Growing Risk to Bank Lending

The European Central Bank said increasing stablecoin use may pull money out of bank deposits and weaken the way monetary policy flows through to lending, according to a new ECB working paper. Growing adoption of stablecoins, which are digital assets often pegged to currencies such as the US dollar or euro, is expected to draw…

Analysts Say Ethereum Price Must Hold $1.8K to Avoid Breakdown

Ether’s (ETH) rally stalled late Monday just above $2,000 due to stiff overhead resistance, as the technical setup suggested that downward momentum would increase if the ETH/USD pair breaks below $1,800. Key takeaways: ETH price must hold above $1,800 to avoid another leg down.  Ether’s bearish charts and onchain indicators converge on ETH prices below…

Deloitte Signs Off on Reserves for Tether-Linked USAT Stablecoin

Deloitte & Touche, one of the Big Four accounting firms, issued an independent attestation on the reserve report backing USAt, a new US-regulated stablecoin from Anchorage, which is issuing USAT with Tether’s support. In a letter dated Feb. 27, Deloitte said it examined Anchorage’s assertion that the USAt (USAT) Reserve Report was prepared in accordance…

BTC long-term bull case remains, says Fabian Dori

Bitcoin’s BTC$67,192.61 volatility is likely to remain elevated in the near term, and prices could fall further, as crypto markets grapple with a liquidity squeeze and deeply fractured sentiment, according to Sygnum Bank chief investment officer Fabian Dori. But the longer-term picture, he argues, remains intact. “We can see volatility remaining high in the short…

Bitcoin ‘Death Cross’ Warns of 35% Decline Over the Next Month

Bitcoin (BTC) is flashing a fresh “death cross” on its three-day chart, marking the bearish signal’s first appearance since June 2022. Key takeaways: BTC/USD three-day price chart. Source: TradingView Past BTC death crosses preceded 35% drops A death cross pattern appears when the short-term 50-period moving average crosses below the longer-term 200-period moving average, and…

BOJ Tests Blockchain for Bank Reserve Settlement

The Bank of Japan will conduct technical experiments using blockchain technology to settle deposits held at the central bank by financial institutions, according to BOJ Governor Kazuo Ueda.  In a speech posted Tuesday titled “The New Financial Ecosystem and the Role of Central Banks,” Ueda said a sandbox project is underway to test settlement using…

US Senate Bill Seeks to Ban the Fed From Issuing a CBDC

An amendment has been proposed to the Federal Reserve Act to ban the US central bank from issuing a central bank digital currency (CBDC) until 2030.  The language appears near the end of the 300-page “21st Century ROAD to Housing Act” (HR 6644), released by the Senate Committee on Banking, Housing, and Urban Affairs on…

XRP Price May Drop Another 30% Amid Increased Exchange Inflows

XRP (XRP) risked a further drop below $1 as its bearish technical setup converged with increased inflows to exchanges. Key takeaways: XRP faces overhead resistance at $1.42 XRP’s 13% rally to $1.43 between Saturday and Sunday ran into a resistance wall at $1.39-$1.43, causing it to retrace to its price at writing of $1.34. The…

BTC Price Bottom is Forming as Four-Year Halving Cycle Ends Says VanEck CEO

​The price of Bitcoin is close to its bottom, according to VanEck CEO Jan van Eck, pointing to the winding down of the four-year cycle. Speaking with CNBC on Monday, van Eck said his firm expects Bitcoin (BTC) to gradually start picking up this year, arguing that the four-year halving cycle has been the primary…