Author: NBTC
Ethereum price started a fresh decline from the $2,550 zone. ETH is now back below $2,200 and might decline further in the near term. Ethereum started a fresh decline below the $2,350 support zone. The price is trading below $2,250 and the 100-hourly Simple Moving Average. There is a new bearish trend line forming with resistance at $2,160 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,160 and $2,250 resistance levels to start a recovery wave. Ethereum Price Dives 15% Ethereum price failed to clear the $2,550 resistance zone and started a fresh…
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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. On January 23, 2025, President Donald Trump began delivering on his promise to transform the digital asset industry by supporting policies, rules, and regulations for the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy in order to secure America’s position as the world’s leader, by undertaking “Tokenization Friendly Initiatives.” These included: President Donald Trump issued an executive order, Strengthening American Leadership in Digital Financial Technology, which established…
The Avalanche Foundation, the non-profit that helps steward the development of the Avalanche blockchain, said its much-anticipated Avalanche Card, a Visa credit card that allows users to purchase items with their cryptocurrency, is live and ready to be used. The card was developed in collaboration with Rain, a blockchain-based card issuing platform. It enables users to spend their Avalanche tokens (AVAX), wrapped AVAX, and stablecoins USDT and USDC at any store that takes Visa, the foundation said in an email. It’s good for in-person or online transactions. While other teams have also released credit cards tied to a user’s crypto…
Ethereum price tumbled 16% to $2,100 on Monday after briefly rallying 15% from $2,200 to $2,550 following Trump’s Ethereum endorsement. Ethereum Foundation’s announcement of a leadership reshuffle significantly bolstered market sentiment, fueling weekend optimism before Monday’s sharp price retracement. Short-term traders aggressively sold the news to secure profits, allowing ETH bears to regain 55% dominance with $1.8 billion in short positions. Ethereum price dipped 16% to hit $2,100 on Monday, after climbing 15% from $2,200 to $2,550 hours after Trump confirmed the inclusion of ETH in a proposed US Crypto Strategic Reserve. With short-term traders booking profits, market sentiment now…
In a landmark move for the cryptocurrency industry, US President Donald Trump announced the creation of a Crypto Strategic Reserve that includes Bitcoin, Ethereum, Solana, XRP, and Cardano. The announcement, made via social media, immediately sent shockwaves through the digital asset market, with major cryptocurrencies experiencing significant price increases. US Artificial Intelligence and Crypto Chief David Sacks hinted that more announcements could be made at the upcoming crypto summit on Friday: “President Trump announced a Crypto Strategic Reserve comprised of Bitcoin and other major cryptocurrencies. This is consistent with EO 14178, which he issued a week ago. President Trump is…
Fundamental investors tracking XRP have more reason to cheer as a planned set of features aims to make the XRP Ledger, the network underpinning that token, even more appealing for institutional usage. XRP prices are up 2.2% in the past 24 hours, outperforming a 1.1% decline in bitcoin following Tuesday’s market carnage. Ripple said in a Tuesday update the XRP Ledger network will build out more compliance functions and expanded lending, among other features, to let institutions meet regulatory requirements and offer new lending options. These include flexible tokens, a lending system, an EVM sidechain, and permissioned settings that take…
Ethereum has fallen below $2,100, hitting its lowest level since December 2023 as Trump tariff concerns rattle markets. The cryptocurrency is down 15% in the past 24 hours, trading at $2,063, according to crypto.news price data. The drop follows a short-lived rally after Donald Trump’s March 2 announcement of a U.S. Crypto Strategic Reserve, which briefly pushed ETH above $2,500. However, Trump’s confirmation that fresh tariffs on China, Canada, and Mexico will go into force on March 4 has caused market sentiment to shift, raising concerns about broader economic instability. The announcement caused Ethereum’s (ETH) price to plummet, dropping below…
The interactions between Ethereum and Solana will gain a massive boost with the Rome and AggLayer partnership. With a focus on cross-chain interoperability, user security and liquidity will be improved across both chains. Rome Protocol, a blockchain platform that modularizes Solana’s consensus into a service, recently formed a strategic partnership with Polygon Labs. Under this partnership, Rome will integrate Polygon’s AggLayer to enable seamless interoperability between Ethereum and Solana. Integration Between Rome Protocol and Polygon Rome Protocol’s collaboration with Polygon is geared towards a shared vision of creating a unified liquidity layer between integrated ecosystems. This collaboration gives developers access…
A Strategic Bitcoin Reserve Bill is heading towards a full vote after passing in the Oklahoma State House Committee, despite BTC’s recent drop below $90,000. According to a state document, the Strategic BTC Reserve bill has been recommended to pass by the Oklahoma State House Committee. The bill passed with a majority vote of 12 to 2. It will now proceed to the full voting stage in the House of Representatives. Known as House Bill 1203, the bill would allow the state treasury to invest 10% of its public funds into Bitcoin (BTC) or other digital assets at a market…