RLUSD Stablecoin Poised for Major Exchange Expansion
Monica Long, President of Ripple, revealed that the RLUSD stablecoin is set to significantly broaden its reach on major exchanges. Currently available on a limited number of platforms, RLUSD aims to align its growth with Ripple’s expanding digital payment solutions. What is the Current Situation of RLUSD? RLUSD, a relatively new
Bitcoin Price Dips to $92.5K Amid Fed Interest Rate Concerns
US Federal Reserve’s monetary policy casts shadow over Bitcoin’s price performance in early 2025. Bitcoin Breaches $100K, Corrects to $92.5K Bitcoin (BTC) briefly surpassed the $100,000 psychological milestone on 7 January, marking the first time since 19 December, before a sharp correction pulled its value down to $92,500. Analysts have
Crypto Market Dips Amid Inflation Concerns and Policy Uncertainty
The cryptocurrency market faced significant declines on Wednesday, with Bitcoin, Ether, and other major tokens retreating sharply. Escalating fears of prolonged inflation and tighter monetary policy weighed heavily on investor sentiment. Bitcoin and Ether Lead the Decline Bitcoin fell 5% to $96,527 on Wednesday in Asia, retreating from its peak
Bitcoin Bulls Eye $140K as Price Holds Above $100K
Bitcoin defies bearish patterns as traders predict new all-time highs. Bitcoin (BTC) continued to trade above $100,000 on 7 January, posting daily gains of 4% amidst renewed optimism in the market. With bullish patterns returning to the radar, traders and analysts are now predicting where BTC’s price could head next.
Binance Secures 21st Regulatory Approval: Expands Reach in Latin America
Binance, the world’s largest cryptocurrency exchange, has achieved its 21st regulatory approval by acquiring a broker-dealer license in Brazil. This significant milestone highlights Binance’s growing influence in Latin America and its commitment to compliance on a global scale. Brazilian License: A Gateway to Latin America Binance has gained approval from
China Tightens Grip on Crypto with New Forex Rules
China has introduced stringent foreign exchange (forex) regulations aimed at curbing cryptocurrency trading and other financial activities deemed risky. The latest move underscores the nation’s ongoing efforts to tighten control over the digital asset industry, aligning with its longstanding anti-crypto stance. New Forex Rules Target Crypto Transactions At the close
Bitcoin Drops Below $92,000 Amid Profit-Taking and Macroeconomic Concerns
Bitcoin (BTC) has seen a sharp decline, dipping to $91,800, a level not seen since early December, as investors take profits following its meteoric rise earlier this month. A combination of profit-taking and a challenging macroeconomic environment is weighing heavily on the crypto market, causing volatility as the year ends.
MicroStrategy Acquires 2,138 Bitcoin, Strengthens $41.5B Crypto Holdings
MicroStrategy, a leader in business intelligence and a major Bitcoin investor, has added 2,138 Bitcoin to its portfolio in a $209 million purchase. The company’s holdings now total 446,400 BTC, valued at approximately $41.5 billion based on current market prices. The announcement, made on 30 December, detailed that the coins
XRP Leads Crypto Losses Amid Strong Dollar Pressure
The cryptocurrency market experienced a sharp downturn as the US dollar strengthened, impacting both traditional and digital assets. XRP spearheaded the decline, sinking over 5% in 24 hours, with major tokens like Bitcoin (BTC), Ether (ETH), and Solana (SOL) also suffering losses. XRP and Marketwide Losses XRP saw the steepest
Crypto Market Cools Down: Trading Volume Plummets 64%
The 2024 crypto market appears to have run out of steam, with market activity dropping sharply. A confluence of seasonal trends, reduced retail interest, and volatile trading has brought trading volumes to their lowest in seven weeks. Trading Volumes Sink Amid Volatility Recent data from Santiment reveals a significant 64%
