Author: NBTC
Ripple’s total holdings of XRP have exploded in value by some $125 billion since election day. That remarkable statistic underscores the degree to which American crypto firms have benefited from Donald Trump’s re-election—and offers one explanation as to why they have so enthusiastically thrown their support behind the president-elect’s incoming administration. According to Ripple’s most recent financial disclosures, the company holds some 4.44 billion XRP in liquid assets. It also oversees nearly 39 billion XRP currently in escrow. XRP was developed by Ripple’s founders in 2012. On the eve of the 2024 presidential election, XRP was worth $0.50. Since then,…
Bitcoin price remained in a tight range on Saturday as the hash rate fell, and bearish divergence formed, risking a bearish breakout. Bitcoin (BTC) was trading at $94,296 at last check as the market reacts to the latest report from the Bureau of Labor Statistics showing that the U.S. economy created over 256,000 jobs. The unemployment rate fell to 4.1%. As a result, American equities fell, with the Dow Jones and Nasdaq 100 indices falling by 697 and 317 points, respectively. As crypto.news expected, the bond market continued its sell-off, with the 30-year yield rising to 5.0%. The 10- and…
Ethereum has suffered a sharp decline, plunging nearly 20% in the last 24 hours and currently trading around $2,500. Ethereum (ETH) price has dropped below the critical $3,000 support level, down to around $2500, marking one of its most severe sell-offs in recent years. This downturn follows Trump’s decision to introduce 25% tariffs on Canada, Mexico, and China, sparking the broader financial markets uncertainty. Given crypto’s correlation with the traditional financial markets, ETH and other digital assets have followed suit. You might also like: XRP, SOL prices tank as over $2b wiped from crypto market after tariffs announced by Trump…
Elliott Management, a U.S.-based investment firm, has flagged risks tied to the government’s approach to digital assets, warning that its support could drive speculative excess. Hedge fund Elliott warns White House is inflating crypto bubble that ‘could wreak havoc’ https://t.co/vzON8NNTro via @ft — The Solari Report (@solari_the) January 30, 2025 In a letter to investors, the hedge fund led by Paul Singer cautioned that favorable policies from the White House had fueled crypto’s expansion, creating conditions for a potential crash. According to details cited by the Financial Times, Elliott criticized the government for backing assets it described as lacking fundamental…
Can Grayscale’s XRP Trust revive institutional interest in XRP? On Jan. 17, 2024, Grayscale Investments, a digital currency asset management firm, has announced the reopening of its XRP (XRP) Trust to eligible accredited investors. Grayscale XRP Trust is open to eligible accredited investors seeking exposure to $XRP, which powers the XRP ledger, a distributed network used for cross-border payments. Learn more about Grayscale XRP Trust, see important disclosures, or reach out to us: https://t.co/2gq5w3Fbpj pic.twitter.com/n8JyvryR6u — Grayscale (@Grayscale) January 16, 2025 The Grayscale XRP Trust allows institutional and accredited investors to gain exposure to XRP through a regulated investment product.…
A prominent cryptocurrency analyst has shared their insights on Bitcoin’s current price action, suggesting a possible grind upwards in the near term. The analyst believes that Bitcoin may revisit sub-$91,000 levels to grab liquidity before heading toward the $85,000 range as the next potential point of interest. This comes amidst broader market speculation on whether Bitcoin’s rally will align with gold’s recent upward trend. I’m expecting that we’ll grind upwards from here. If we grab liquidity again sub $91K –> $85K next and possibly yields above 5%.Gold is trending upwards, so I mean, #Bitcoin is yet to follow. pic.twitter.com/eZNwqvPvZO —…
Despite being increasingly known for predicting – at least – dozens of catastrophic crashes with precision hovering near 0%, the investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, has been trading with noteworthy success. His investments have been particularly lucrative in 2024 as most of his favored assets – Bitcoin (BTC), gold, and silver, most notably – have all been performing well and recording multiple new and increasingly high all-time highs (ATH). By January 31, one of Kiyosaki’s most-recommended commodities, gold, quietly reached a new (ATH), and Finbold decided to examine just how…
Slow mainnet migration raises concerns about Pi Network’s scalability and ability to meet large-scale adoption goals. Heavy reliance on DApp ad revenue could deter user engagement, potentially disrupting the platform’s utility. Broader crypto market volatility amplifies risks for Pi Network, a newer entrant in a competitive blockchain environment. Several challenges are binding Pi Network, thus facing a series of risks, which could alter the market value depending on its course as it heads towards realizing the much-awaited open mainnet. These are the technical risks that include any form of delay that may be experienced in the development process, risks in…
Terrace has announced a groundbreaking strategic partnership with Arbitrum. The new partnership enables Terrace to integrate its trading platform with Arbitrum’s layer-2 solution. Terrace users can now interact with various assets on the Arbitrum chain. Arbitrum is a scalability enhancement layer that aims to make faster and cheaper transactions. On the other hand, Terrace is a trading app that strives to fulfill the needs of institutional investors and crypto users. Terrace provides innovative features like portfolio management, token trading, synthetic pairs, and best-price routing through various blockchain protocols. Customers can decide to use DeFi without KYC requirements on the platform.…
Bitcoin’s price has been gradually declining over the past several days before finding some support at $94K. While the market has once again found support in a key area, the level could be broken to the downside soon. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset was recently pushed above the $100K level but failed to maintain momentum and fell down. Yet, the $92K level has once again held the cryptocurrency, preventing a deeper decline. Yet, as the level has been tested multiple times already, it is very likely that the price will…