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XRP price is currently trading around $0.514, with many investors speculating that it could reach $1 by the end of the year. Although this scenario is possible, in this article we will consider how high the price of XRP will reach if its market cap reaches $10 trillion. Perhaps Ripple (XRP) could reach $1 and surpass this important psychological level in this bull run. However, for a variety of reasons, reaching an ATH of $3.1 or a market cap of $10 trillion seems highly unlikely. To put that in perspective, Apple, Nvidia, and Microsoft have a combined market capitalization of…
Basic overviewBitcoin has been steadily rising in recent weeks as the odds of a Trump victory continue to rise in betting markets. Prices ended up consolidating around key trend lines as the market may want to wait for the election results before breaking out. Trump’s victory is seen as bullish for Bitcoin, given his support for the crypto industry and promises of deregulation. Harris, on the other hand, similarly embraced the industry, but this was more of a political move to woo voters than a strong endorsement. Bitcoin Technical Analysis – Daily TimeframeBitcoin DailyOn the daily chart, we can see…
This is a pivotal week for the stock market, and investors will need to keep their wits about them as risks and triggers grow rapidly.Big tech profits are likely to dominate the discussion, but Friday’s October jobs report could have a big impact on whether last week’s tensions persist.The Middle East conflict remains a concern for the market, but it appears to have been shelved for the time being. Oil prices fell nearly 4% early Monday after oil facilities were saved in Israel’s attack on Iran over the weekend.In premarket trading Monday, S&P 500 futures rose 0.6%, Dow Jones Industrial…
On Friday, the Wall Street Journal broke news of a new US government investigation into Tether. Anonymous sources familiar with the Manhattan U.S. Attorney’s Office said law enforcement leaders were “investigating whether the virtual currency is being used by third parties to fund illegal activities.” This announcement marks the next chapter in Tether’s legal saga. In 2012, a lawsuit against Bitcoinica began. Bitcoinica’s source code was used by Tether’s sister company, Bitfinex. Legal issues would impact Tether every year since then. Tether (USDT), the world’s largest stablecoin, attracts criminals who find its anonymity, chargeback resistance, and widely accepted characteristics useful.…
Tether strengthens USDT stability and increases transparency by adding over 82,000 BTC and over $3.87 billion in gold to its reserves. An increase in BTC holdings could impact Bitcoin prices and increase market confidence. Tether, the issuer of the popular stablecoin USDT, has significantly strengthened its reserves by adding over 82,000 Bitcoin (BTC). The value of the token was approximately $5.58 billion. The latest disclosure also revealed that the USDT issuer holds $3.87 billion in gold as part of its reserve assets, based on valuations as of October 27. This move is part of Tether’s continued efforts to maintain USDT…
Ethereum (ETH), the second largest cryptocurrency and market leader, is facing a bearish trend following recent selling by ICO investors. Meanwhile, Solana recently hit new highs by surging above the $175 level. As market volatility increases, investors are shifting to safer opportunities like CUTO. Kutoshi is at an early stage and has limited downside while considering high growth potential. It has a variety of features and is backed by elite investors who believe it has the potential to be the next big thing in the market. Ethereum founder formulates roadmap as ETH suffers from negative sentiment Ethereum co-founder Vitalik Buterin…
Market situation Last week, the crypto market was dominated by risk-off sentiment, with the market capitalization of cryptocurrencies falling from $2.4 trillion to $2.2 trillion. But prices recovered on Saturday due to increased volume, returning the market’s valuation to the $2.3 trillion it had been at the beginning of the week. The sentiment index was 72, having ranged from 69 to 74 for the past 12 days. Bitcoin rose to $68,400, entering the range of the past six days. Last week, the market corrected its Oct. 10-20 rally, potentially paving the way for new upward momentum. The extended Fibonacci pattern…
Tether’s USDT is the world’s largest stablecoin, with a market capitalization of nearly $100 billion. However, like many top blockchain projects, Tether has been the subject of many questions and inquiries. And when it comes to Tether, most of the questions revolve around its main selling point: its reserves. Acknowledging these concerns, Tether CEO Paolo Ardoino finally broke the ice and announced that the company has more than 82,000 Bitcoins and 48 tons backing USDT in circulation. He revealed that he owns . Ardoino shared this information in a Twitter/X post dated October 27, 2024, in response to a number…
Gold prices have soared to new heights, reaching a record level of $2,733 per ounce, while Bitcoin is performing well, nearing the $70,000 level. The rally was fueled by increased investor demand for safe-haven assets on the back of Fed interest rate cuts, Chinese economic stimulus and rising geopolitical tensions in the Middle East. This has reignited the debate over which asset is a better investment: gold or Bitcoin.Bitwise Asset Management, a company specializing in cryptocurrency index funds and ETFs, sees Bitcoin and gold as assets with distinct advantages. In an interview with Quartz, Bitwise Chief Investment Officer Matthew Hogan…
in this storyGold prices have soared to new heights, reaching a record level of $2,733 per ounce, while Bitcoin is performing well, nearing the $70,000 level. The rally was fueled by increased investor demand for safe-haven assets on the back of Fed interest rate cuts, Chinese economic stimulus and rising geopolitical tensions in the Middle East. This has reignited the debate over which asset is a better investment: gold or Bitcoin. McDonald’s faces first lawsuit over Quarter Pounder E. coli outbreakBitwise Asset Management, a company specializing in cryptocurrency index funds and ETFs, sees Bitcoin and gold as assets with distinct…