Author: News Room
Gary Gensler, whose hard line on crypto has been a stuff for nightmares for both industry execs and ordinary bagholders alike, is gone at last—and bullish momentum is already in full force. XRP, which has been the subject of a heated legal dispute between its issuer Ripple and the SEC since December 2020, seems to be the biggest beneficiary of Gensler’s departure. The lawsuit, brought under the tenure of Trump’s nominee Jay Clayton and kept alive under Gensler, alleged that Ripple’s sales of XRP constituted unregistered securities offerings and sought a $1 billion penalty for the company. Since then, Ripple…
Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, appears bearish and is poised for a price decline. The reasons for this include how ETH is lagging behind top assets like Bitcoin (BTC) and Solana (SOL), its current price action formation, the latest sell-offs by whales, and more. Ethereum (ETH) Sluggish Performance With steady and dull performance compared to other assets, whales and investors have dumped significant amounts of ETH in recent days. Recently, CoinPedia reported that a dormant whale, holding 398,889 ETH worth $1.34 billion, offloaded 73,356 ETH valued at $224 million. This notable dump has created potential selling…
Tron price continued its strong momentum this week and reached an all-time high, pushing its market cap to over $17 billion. Tron (TRX) surged to a record high of $0.2068, bringing its year-to-date gains to over 80%, making it one of the top-performing coins. This rally coincided with the ongoing surge of other popular cryptocurrencies, with Bitcoin (BTC) approaching the crucial resistance level of $100,000 for the first time ever. Tron is also rising as investors anticipate that a Trump-led Securities and Exchange Commission will be friendly to cryptocurrencies. This is notable for TRX since the agency previously sued Sun…
XRP lawsuit: The exit announcement of the US SEC chair Gary Gensler has boosted the broader crypto market sentiment, sparking hopes over a new pro-crypto regulator to replace him. Amid this, pro-XRP lawyer Jeremy Hogan has predicted the conclusion timeline for the Ripple SEC lawsuit, sparking discussions in the market. Besides, a flurry of market watchers also anticipates the crypto-related SEC cases to settle or conclude with Gensler’s exit. Read the full article here
India’s financial services secretary expressed deep skepticism about cryptocurrency, calling it a doubtful scheme, despite the nation’s top crypto adoption ranking. Indian Official Speaks Out: ‘Very Skeptical of Cryptocurrency’ M. Nagaraju, Secretary of India’s Department of Financial Services (DFS), expressed strong doubts about cryptocurrencies during the SBI Banking & Economics Conclave on November 18, 2024. […] Read the full article here
The Bitcoin price is well on its way to reaching the $100,000 price mark, with multiple projections saying it could do so by this weekend. Notably, the Bitcoin price reached an intraday high of $99,486 in the past 24 hours, putting it by about only 0.5% from reaching $100,000. As the entire industry continues to await the Bitcoin price break above $100,000, crypto analyst Tony “The Bull” Severino has highlighted an interesting outlook for what to expect from here. Bitcoin Price Mirrors 2017 Pattern Crypto analyst Tony Severino drew parallels of Bitcoin’s recent price movements to its 2017 surge. The…
Ethereum’s revolutionary upgrades drive superior long-term potential. Stablecoins USDT and USDC offer unmatched reliability amid volatility. XRP and DOGE demonstrate dynamic growth through innovation and community support. The global cryptocurrency market remains fascinating to buyers/sellers and investors since its characteristics and potentially high returns keep changing constantly. Amidst all the volatility in the market, several digital assets would private themselves for their extremely high growth rates. ETH, USDT, USDC, DOGE, XRP, and ADA are being closely watched for their unique and extraordinarily high benchmark rates. These assets show conceptional attributes and market utility and can present various appeals to both…
Ethereum surged over 10% yesterday, marking an impressive recovery alongside a very bullish day for the entire crypto market. This surge has reignited investor optimism, especially as Ethereum approaches its yearly highs. Key data from CryptoQuant highlights a significant bullish signal: Ethereum’s Taker Buy Volume hit an astonishing $1.683 billion in a single hourly candle. This metric reflects aggressive buying activity in the futures market, further supporting Ethereum’s potential for continued upward momentum. The driving force behind this rising demand for Ethereum appears to stem from profits being cycled out of Bitcoin. With Bitcoin consistently breaking all-time highs, investors are…
As XRP continues to melt the faces of haters and skeptics with its skyrocketing price action, many made a U-turn on this popular cryptocurrency and began to wonder what the prospects of this crypto market old-timer actually are. In one of these miracles, Raoul Pal gave his verdict on XRP, answering one of the followers’ questions. The trading expert revealed that his sentiment on the popular cryptocurrency is actually positive and that XRP “will do well.” He confirmed that he still holds some XRP tokens purchased back in 2020, when the asset first became the focus of legal scrutiny in…
The year is 2024; Bitcoin is setting new all-time highs, and Trump’s crypto-friendly administration has not even resumed office yet. Gary Gensler, who suffocated crypto firms like Binance and besieged tokens like XRP, has shared his plans to step down. Throughout its tenure, Gensler’s SEC faced criticism for stifling innovation, not providing clear regulatory frameworks, and regulating by enforcement. And in Gensler fashion, he announced that he would step down on the same day the former president returned to office. The markets reacted positively to Gensler’s resignation from SEC leadership, especially tokens like XRP, which have been hit with different…