XRP (XRP) price experienced a significant increase today following the news that Federal District Judge Analisa Torres of the Southern District of New York rejected the United States Securities and Exchange Commission’s (SEC) claim that XRP is a security. The market responded positively to the ruling, causing the price of XRP to rise by over
Analysis
Cardano (ADA) has experienced a significant surge in price over the past 24 hours as traders analyze the implications of Ripple’s recent legal victory on the broader cryptocurrency market. On July 14, ADA price rose by 6% to reach $0.379, its highest level in over a month. However, some of these gains were later reduced
Cardano’s native token ADA experienced a significant setback in June when the United States Securities and Exchange Commission (SEC) categorized it as a security in its legal actions against Binance and Coinbase. This classification resulted in a 42.5% drop in ADA’s price, plunging it to a two-year low of $0.21 within a few days. Furthermore,
New data from on-chain analytics firm Glassnode reveals that the amount of Bitcoin (BTC) held on exchanges has dropped significantly, reaching levels not seen since the 2017 all-time high. Currently, less than 12% of the total BTC supply resides in exchange wallets. This decrease in exchange balances follows a period of increased activity during the
The price of Bitcoin has been trading within a narrow range of $29,900 to $31,160 for the past 18 days, leaving investors perplexed and searching for explanations. Despite a significant rally in mid-June that pushed Bitcoin to its highest price in over a year, the cryptocurrency has struggled to maintain prices above $31,000. This, coupled
Bitcoin (BTC) made gradual progress towards the $31,000 mark on July 12, as the highly anticipated macroeconomic event of the week loomed. BTC’s price momentum was closely monitored by data from Cointelegraph Markets Pro and TradingView. Despite its steady rise, the largest cryptocurrency exhibited minimal volatility at the beginning of the week, with clearly defined
Investor Luke Broyles has made a bold prediction that Bitcoin (BTC) will absorb all prosperity gains in the future, leaving those without exposure behind. In a Twitter thread on July 8, Broyles outlined his vision of Bitcoin becoming “society’s base money.” While initially discussing artificial intelligence (AI) and its relationship with Bitcoin, Broyles expanded on
The latest report on nonfarm payrolls revealed that job additions in June were below economists’ expectations. With an increase of 209,000 jobs, the figures indicate a cooling labor market. However, market observers remained concerned about the average hourly earnings growth, which held steady at 0.4% from May and 4.4% from a year ago. Despite these
Standard Chartered, a prominent banking institution, has recently made a significant shift in its stance on Bitcoin (BTC) by predicting a substantial price recovery. Contrary to its previous forecast of BTC dropping to as low as $5,000, the bank now anticipates the cryptocurrency to reach $50,000 by 2023, followed by a further surge to $120,000
Bitcoin (BTC) experienced a surge to new highs in 2023 on July 6 as it bounced off key support, defying analysts’ predictions. Data from Cointelegraph Markets Pro and TradingView revealed that BTC price action surged above the upper limit of its recent trading range. Analysts had previously anticipated a further drop in the largest cryptocurrency,