Is the $5 Price Target Still in Play?

Key points: XRP (XRP) is flashing a familiar technical pattern that has historically preceded sharp short-term price rebounds. XRP bulls still focus on $5 despite latest dip XRP’s three-day chart shows a “hidden bullish divergence,” where the price forms higher lows while the relative strength index (RSI) posts lower lows. In technical analysis, most analysts…

Zcash Privacy Meets Solana DeFi with Zenrock’s Wrapped ZEC Crossing $15M in Volume

Unified custody layer Zenrock’s wrapped Zcash ZEC$665.59 token, known as zenZEC, has recorded approximately $15 million in total trading volume since its debut on the Solana blockchain on Oct. 31. While the number is undoubtedly paltry compared to blockbuster crypto tokens that routinely trade in billions, it signals something more pivotal: the introduction of privacy…

OG Bitcoiners Sell Holdings to Invest in ETFs and Diversification

Long-term Bitcoin holders could be selling their holdings to shift into exchange-traded funds (ETFs) and to diversify their crypto portfolios, says Dr. Martin Hiesboeck, the head of research at cloud-based financial service platform Uphold.  “There are several reasons why OG crypto holders are selling,” Hiesboeck said on Sunday. “Number one is to buy them back…

OG Bitcoiners Sell Holdings to Invest in ETFs and Diversification

Long-term Bitcoin holders could be selling their holdings to shift into exchange-traded funds (ETFs) and to diversify their crypto portfolios, says Dr. Martin Hiesboeck, the head of research at cloud-based financial service platform Uphold.  “There are several reasons why OG crypto holders are selling,” Hiesboeck said on Sunday. “Number one is to buy them back…

Trump Media Reveals Bitcoin and Cronos Holdings Amid Q3 Loss

Trump Media and Technology Group’s Bitcoin holdings weren’t enough to prop up its balance sheet, as the company reported a $54.8 million loss in its third-quarter earnings, due to rising costs. The Trump-tied company, which operates the Truth Social social media platform, shared on Friday that its Q3 net loss widened from the $19.3 million…

Ethereum Gas Fees Drop Well-Below 1 Gwei in November

Gas fees on the Ethereum layer-1 blockchain dropped to just 0.067 Gwei on Sunday, amid a lull in the crypto markets sparked by October’s historic market crash. The average price for executing a swap on Ethereum is just $0.11, non-fungible token (NFT) sales carry a fee of $0.19, bridging a digital asset to another blockchain…

Crypto Market Eyes Relief as US Senate Agrees on Budget Deal

The crypto market could soon see some much-needed relief after the US Senate reached an agreement on a three-part budget deal to end the government shutdown, Politico reports. Pending legislation to fund the US government has more than enough support to pass the 60-vote threshold, Politico reported on Sunday, citing two people familiar with the…

Key Bitcoin Price Levels To Watch as BTC Enters ‘Macro Downtrend’

Key takeaways Bitcoin onchain data reveals that the market could be entering a macro downtrend. The psychological level at $100,000 remains the main BTC support for now. Bitcoin (BTC) fell to four-month lows of $98,900 on Tuesday, as analysts said that BTC was “transitioning into a bear market.” Data from Cointelegraph Markets Pro and TradingView…

Current Crypto Market Price Action Similar to Early 2000s Stocks — Analyst

Crypto whales and long-term holders are cashing out, exerting constant selling pressure on markets, and keeping crypto prices suppressed, similar to market dynamics following the 2000s dot-com stock market crash, according to analyst Jordi Visser. Visser said the current price action in the crypto market is reminiscent of the period following the 2000 dot-com stock…

Current Crypto Market Price Action Similar to Early 2000s Stocks — Analyst

Crypto whales and long-term holders are cashing out, exerting constant selling pressure on markets, and keeping crypto prices suppressed, similar to market dynamics following the 2000s dot-com stock market crash, according to analyst Jordi Visser. Visser said the current price action in the crypto market is reminiscent of the period following the 2000 dot-com stock…