XRP has seen a mixed performance in the past week, gaining about 6% but losing around 3% in the daily and weekly time frames respectively. The coin has struggled to break above the $0.50 resistance level, which is crucial for its bullish momentum. The technical indicators suggest a downward trend for XRP, as the demand and accumulation zones have decreased on the chart. The buying pressure has also weakened after the coin fell below the $0.50 mark.
Author: jose
The global crypto market experienced a significant sell-off in the last 24 hours, as Bitcoin surpassed the $30,000 level for the first time. According to data from CoinGlass, more than $260 million worth of cryptocurrencies were liquidated in this period, indicating a high level of volatility and risk in the digital asset space.
Shiba Inu has gained a lot of popularity and value in the past year, thanks to its catchy name, aggressive marketing on social media, and support from celebrities like Elon Musk. However, Shiba Inu has also experienced some volatility and challenges along the way.
Binance, one of the largest and most popular cryptocurrency exchanges in the world, has recently announced that it will expand its zero-fee trading option with TrueUSD (TUSD), a regulated stablecoin backed by US dollars. This comes after Binance minted $1 billion worth of TUSD on its own blockchain, Binance Smart Chain (BSC), making it the largest issuer of the stablecoin.
The crypto market is showing a strong rebound today, with the total market value increasing by a huge 6%, reaching $1.13 trillion. Bitcoin Cash (BCH) is the altcoin that is benefiting the most from the growth, surging as much as 24% in the last 24 hours to $131.99.
Invesco, a global asset manager with $1.5 trillion under management, has refiled for a spot Bitcoin ETF after two years of waiting. The company submitted a new Form 19b-4 to the US Securities and Exchange Commission (SEC) on June 21, 2023, requesting approval for the Invesco Galaxy Bitcoin ETF. The proposed fund would track the performance of Bitcoin and hold the cryptocurrency in custody with Galaxy Digital Assets LLC.
Smart contracts are not always easy to understand or verify. They are written in programming languages, such as Solidity, that may not be familiar to many users. Moreover, smart contracts can contain bugs, vulnerabilities, or malicious code that can compromise their functionality or security.
Following the example of BlackRock, another prominent asset management company has decided to pursue a Bitcoin spot exchange-traded fund (ETF) to cater to the increasing demand for crypto investment products from both institutional and retail investors.
According to data from the blockchain, the amount of stablecoins in circulation has increased lately, which could indicate a positive outlook for Bitcoin. An analyst at CryptoQuant noted that every increase in stablecoin supply since late 2022 has coincided with a rise in the price of Bitcoin.
ChainGPT is a project that aims to bridge the gap between Web3 and AI by providing a decentralized platform for AI-powered services. The project has recently launched its native token, $CGPT, on the Ethereum network, expanding its reach and interoperability across different blockchains.