XRP Bolinger Bands Compress as Bulls Aim for $2.55

XRP’s (XRP) price was up 3% on Friday to trade above $1.40 as several technical and onchain indicators suggested it was due for a “significant” upward breakout. Key takeaways: XRP’s Bollinger Bands indicator now sees the potential for a massive price breakout. XRP’s falling wedge pattern targets $2.55. Declining exchange balances and persistent outflows indicate…

XRP Bolinger Bands Compress as Bulls Aim for $2.55

XRP’s (XRP) price was up 3% on Friday to trade above $1.40 as several technical and onchain indicators suggested it was due for a “significant” upward breakout. Key takeaways: XRP’s Bollinger Bands indicator now sees the potential for a massive price breakout. XRP’s falling wedge pattern targets $2.55. Declining exchange balances and persistent outflows indicate…

Bitcoin Outperforms Macro Assets in Iran Conflict as $72,000 Returns

Bitcoin (BTC) hit eight-day highs into Friday’s Wall Street open as markets awaited key US inflation cues. Key points: Bitcoin shows resilience despite macro market uncertainty with another push beyond $72,000. Key US inflation data increased the chances of risk-asset volatility to come. BTC price gains outperform macro assets since the start of the Iran…

Vitalik Buterin Questions AI Strategy of Group He Funded

Ethereum co-founder Vitalik Buterin said Friday that he is no longer closely aligned with the Future of Life Institute, a group that received SHIB tokens from him in 2021.  Buterin said the institute initially pitched a broad roadmap to reduce existential risks, including threats tied to artificial intelligence, biotechnology and nuclear weapons, along with wider…

Democrats Promise to Oversee Reported DOJ Probe Into Binance

Update, March 13, 8:10 am UTC: This article has been updated with comments from a Binance spokesperson. A group of Democratic senators say they will oversee a reported Justice Department investigation into possible Iran-related sanctions violations on the crypto exchange Binance. Senators Chris Van Hollen, Elizabeth Warren and Ruben Gallego said in a joint statement…

Historically Accurate Macro Signal Hints at a Bitcoin Price Bottom

Bitcoin (BTC) may approach a market bottom, with a macro model tied to the US and China’s benchmark 10-year bond yields hinting at a potential rally toward $100,000 in the months ahead. Key takeaways: Bitcoin whales show signs of accumulation that were seen near the 2023 market low. BTC holds key long-term support while “oversold,”…

Historically Accurate Macro Signal Hints at a Bitcoin Price Bottom

Bitcoin (BTC) may approach a market bottom, with a macro model tied to the US and China’s benchmark 10-year bond yields hinting at a potential rally toward $100,000 in the months ahead. Key takeaways: Bitcoin whales show signs of accumulation that were seen near the 2023 market low. BTC holds key long-term support while “oversold,”…

Bitcoin’s early crash to $60,000 now looks like a warning for stocks

Many see bitcoin BTC$71,329.00 as a safe-haven and store-of-value asset, like gold. But some currency traders treat it as a lead indicator for broader market mood, and they’ve been proven right again: Before finding stability near $70,000 recently, bitcoin plunged sharply, presaging the ongoing global stock market swoon. Bitcoin’s price peaked above $126,000 in early…

DeFi User Loses $50M in Crypto Swap Gone Wrong

A crypto user has lost millions during a crypto swap on the decentralized finance protocol Aave, with a Maximal Extractable Value, or MEV, bot also front-running the transaction to make almost $10 million. A recently funded wallet from Binance containing $50.4 million USDt (USDT) executed a swap via decentralized exchange aggregator CoW Protocol and the…

Hester Peirce Calls For Simpler Disclosure Rules, Tokenization Experiments

US Securities and Exchange Commission (SEC) Commissioner Hester Peirce said regulators should avoid micromanaging markets and consider simplifying disclosure requirements as discussions around tokenized securities continue. Peirce, often referred to as “Crypto Mom” for her generally supportive stance toward the digital asset industry, made the remarks Thursday during a speech to the SEC’s Investor Advisory…