[ad_1] In a fresh shake-up, Tether (USDT) stablecoin has once again overtaken XRP in the crypto market rankings. With a market capitalization of $141.4 billion, Tether now ranks as the third largest cryptocurrency, pushing XRP to the fourth spot with a current market valuation of $139.72 billion. Bitcoin is down again on Friday, having fallen roughly 7% in the last week — but practically every other asset in the top 10 coins by market capitalization (excluding dollar-pegged stablecoins) has declined by twice that percentage or more. XRP suffered major losses among the top 10 cryptocurrencies by market capitalization over the…
Author: NBTC
[ad_1] Pro-XRP lawyer John Deaton may have lost his longshot bid to dethrone anti-crypto Sen. Elizabeth Warren in Massachusetts last fall, but the former GOP candidate is already considering another Senate run. This time he wants to tangle with the state’s three-term Junior Sen. Ed Markey. The political hopeful—a self-identified pro-abortion independent who only recently allied himself with the Republican Party— believes he can use his newfound “name recognition” to launch a successful campaign against Markey, a beloved career politician with deep roots in New England. The challenge, Deaton told Decrypt, will be convincing digital assets industry donors with deep…
[ad_1] Ethereum price remained supported above the $1,980 level. ETH is now consolidating and remains at risk of a downside break. Ethereum struggled to continue higher above the $2,050 resistance level. The price is trading below $2,020 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,040 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,040 and $2,100 resistance levels to start a decent increase. Ethereum Price Dips Again Ethereum price failed to continue higher above $2,100 and corrected some gains, like Bitcoin. ETH declined…
[ad_1] As the Crypto Fear and Greed Index plunges to 35, market sentiment reflects growing fear and uncertainty. Bitcoin struggles to find strong footing near the $97,000 mark, battling against a pullback of 1.08% over the past 24 hours. With a market valuation still under $2 trillion, Bitcoin’s momentum remains weak. While a potential morning star pattern hints at a bullish comeback, the sudden halt in institutional support warns of a deeper correction. Will a turnaround in institutional demand propel BTC price back to the $106,000 mark? Bitcoin at $97k Aims For A Comeback In the daily chart, Bitcoin’s price…
[ad_1] Final government figures show the US economy ended 2024 on a stronger footing than initially estimated, though questions about momentum persist heading into 2025. Real Gross Domestic Product (GDP) expanded at a 2.4% annualized rate in the fourth quarter, revised slightly up from prior estimates of 2.3%, from robust consumer activity. This strong GDP growth in Q4 2024 was largely driven by a strong 4% rise in consumer spending during the holiday season, alongside increased government expenditures. Inflation, however, remained elevated. Additionally, the Personal Consumption Expenditures (PCE) price index (the Federal Reserve’s preferred inflation gauge) rose at an annual…
[ad_1] Popular cryptocurrency XRP recently saw a strange but significant development in the Korean crypto investment landscape. Today, three of the largest crypto exchanges in South Korea – Coinone, Upbit and Bithumb – suddenly announced that XRP had just been renamed. Actually, XRP is now the new name for the cryptocurrency that most of the crypto market used to call it. However, it seems that for the South Korean market, it was not XRP but Ripple coin until the recent change. It is understandable why people often confuse Ripple and XRP. The XRP token was originally called “Ripple,” and the…
[ad_1] Ahead of his confirmation hearing in front of the U.S. Senate Banking Committee tomorrow, Paul Atkins — President Donald Trump’s pick to lead the U.S. Securities and Exchange Commission (SEC) — disclosed having up to $6 million in crypto-related assets, prompting Sen. Elizabeth Warren (D-Mass.) to cry foul. In a Sunday letter to Atkins, Warren stressed that the former SEC commissioner’s background as a consultant and lobbyist for the financial industry could create “significant conflicts of interest” if he is confirmed. “You also have served as an expert witness hired by Wall Street firms accused of engaging in Ponzi…
[ad_1] Ethereum price today: $1,930 Ethereum developers tentatively scheduled the Pectra mainnet upgrade for April 30 in the latest ACDC call. Whales have stepped up their buying pressure in hopes of a price uptick upon Pectra going live on mainnet. ETH could face strong bearish pressure if its technical indicators confirm a breakdown signal. Ethereum (ETH) has seen immense buying from whales on Thursday following core developers fixing April 30 as a tentative date for the Pectra upgrade to go live on mainnet. Ethereum whales increase buying pressure ahead of Pectra mainnet upgrade In its latest All Core Developers Consensus…
[ad_1] Wirex, a popular Web3 money app, announced the launch of its hotel booking platform, Wirex Travel. The service offers travelers up to 65% off hotel prices and 8% cash back for payments made with a Wirex card. With this move, Wirex challenges Binance-backed Travala, which has been dominating the crypto-based travel booking market since 2020. A New Player in the Crypto Travel Booking Market Wirex has been expanding its offerings over the years. It has long provided users with benefits such as zero foreign exchange fees, interbank exchange rates, and crypto rewards. Now, the project is entering the crypto-based…
[ad_1] The market capitalization of tokenized gold climbed to a record $1.4 billion in March with trading volumes soaring to yearly highs, CoinDesk Data’s monthly stablecoin report shows. The growth in market value and activity happened alongside the physical yellow metal’s rally to fresh all-time highs above $3,000 per ounce. Tether’s gold-backed token (XAUT) and Paxos’ PAXG dominate among the offerings, with market capitalizations of $749 million and $653 million, respectively. The trading volume with gold tokens surpassed $1.6 billion through the month, the highest level in more than a year, according to the report. Gold-backed tokens’ market capitalization and…