Key takeaways: XRP surged 12% to $2.53 on Trump’s stimulus news. Increased profit-taking by long-term holders could slow the recovery. XRP price resistance at $2.60-$2.80 will be a formidable obstacle. XRP (XRP) price surged 12% on Monday following US President Donald Trump’s announcement of a $2,000 stimulus check for most Americans. Now trading near $2.53, … Read more
While most cryptocurrency investors welcomed the market recovery following the potential end of the US government shutdown, some short sellers were caught off guard by the rebound. The crypto market recovery saw popular high-leverage trader James Wynn’s main Hyperliquid account liquidated multiple times during the past 24 hours, with his wallet’s value sinking to just … Read more
Cryptocurrency investment products faced heightened selling pressure last week as crypto funds recorded a second consecutive week of outflows amid ongoing negative sentiment in the markets. Crypto exchange-traded products (ETPs) saw $1.17 billion in outflows last week, up around 70% from $360 million recorded the previous week, CoinShares reported Monday. CoinShares’ head of research, James … Read more
Acting Chair of the US Commodity Futures Trading Commission (CFTC) Caroline Pham is in talks with regulated US crypto exchanges to launch leveraged spot crypto products as early as next month. In a Sunday X post, Pham confirmed that she is pushing to allow leveraged spot crypto trading in the US and that she is … Read more
The United Kingdom’s central bank is moving toward stablecoin regulation by publishing a consultation paper proposing a regulatory framework for the asset class. The Bank of England (BoE) on Monday released a proposed regulatory regime for sterling-denominated “systemic stablecoins,” or tokens it said are widely used in payments and therefore potentially pose risks to the … Read more
Key takeaways: Bitcoin price rebounded as traders expected the US government shutdown to end this week. Bitcoin market analysis sees a squeeze toward $112,000 after a bullish weekly close. Bitcoin (BTC) rebounded overnight, rising as much as 5% to trade above $106,000 during the Asian trading session on Monday as bulls targeted sell liquidity. Traders … Read more
Broker Canaccord Genuity said IREN’s (IREN) new graphics processing unit (GPU) cloud contract with Microsoft (MSFT) marks a turning point for the bitcoin BTC$106,433.16 miner, pushing it firmly into the AI infrastructure space. The broker reiterated its buy rating on the shares and raised its price target to $70 from $42, citing the five-year, $9.7 … Read more
Bitcoin and major cryptocurrencies extended gains Monday as traders digested U.S. President Donald Trump’s latest economic proposal of a $2,000 “tariff dividend” for every American, funded by import duties. The plan, unveiled on Truth Social, boosted risk appetite even as some questioned its feasibility and potential inflationary fallout. “A dividend of at least $2000 a … Read more
What is the “Christmas Rally?” The Christmas rally, also known as the “Santa Claus rally,” refers to a recurring pattern in which crypto markets tend to rise during the final weeks of December and early January. Several factors contribute to this trend, including improved investor sentiment during the festive season and year-end portfolio adjustments as … Read more
Unified custody layer Zenrock’s wrapped Zcash ZEC$665.59 token, known as zenZEC, has recorded approximately $15 million in total trading volume since its debut on the Solana blockchain on Oct. 31. While the number is undoubtedly paltry compared to blockbuster crypto tokens that routinely trade in billions, it signals something more pivotal: the introduction of privacy … Read more