Qasim Gureja
My passion for the forex and crypto markets goes beyond the surface. I constantly stay updated with the latest trends, news, and regulations to ensure that my c
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The 24-hour bitcoin market decreased 0.3% to $1.2 trillion. Bitcoin lost 0.7%, Ethereum 0.97%, while major cryptocurrencies ranged from -3.4% (Solana) to +4.8% (Polkadot).
Bitcoin failed to gain local upward momentum and continues to challenge the bottom of its last trading range. Risk assets sold off and the dollar rose, sending the first cryptocurrency below $30,000. Failure below allows a larger decline to $28.9K, where the 61.8% Fibonacci retracement and 50-day MA lie.
Ethereum fell to $1890, its four-month low. Short-term traders should watch the momentum at the 50-day average (now $1850), as a break below this level might drop another $100. #BTC #ETH #tradingstrategy
Bitcoin failed to gain local upward momentum and continues to challenge the bottom of its last trading range. Risk assets sold off and the dollar rose, sending the first cryptocurrency below $30,000. Failure below allows a larger decline to $28.9K, where the 61.8% Fibonacci retracement and 50-day MA lie.
Ethereum fell to $1890, its four-month low. Short-term traders should watch the momentum at the 50-day average (now $1850), as a break below this level might drop another $100. #BTC #ETH #tradingstrategy
Crypto community criticises Ripple's SEC win. Experts say Ripple's non-security status permits XRP and its creators to dump token holdings, boosting exchange selling pressure.
Crypto founders and developers "pumping and dumping" coins triggered massive market losses. XRP's non-security status may incentivize such attempts, damaging ecosystem participants.
XRP's "non-security" status threatens other cryptocurrencies.
Post-judgment XRP soared 74%. Cryptographers disagree. These pundits spotted weaknesses in Judge Torres' XRP decision that could hurt ecosystem traders.
dYdX founder Antonio Juliano asks how XRP, which has no purpose other than to be dumped in the market, is not a security for other cryptocurrencies.
Juliano cautions crypto investors of "pump and dump" schemes.
Crypto founders and developers "pumping and dumping" coins triggered massive market losses. XRP's non-security status may incentivize such attempts, damaging ecosystem participants.
XRP's "non-security" status threatens other cryptocurrencies.
Post-judgment XRP soared 74%. Cryptographers disagree. These pundits spotted weaknesses in Judge Torres' XRP decision that could hurt ecosystem traders.
dYdX founder Antonio Juliano asks how XRP, which has no purpose other than to be dumped in the market, is not a security for other cryptocurrencies.
Juliano cautions crypto investors of "pump and dump" schemes.
According to a federal judge, the Ripple Labs token (XRP) is only a security when it is offered to institutional investors and not to the general public. The verdict results in a split victory for the SEC and a resounding victory for Ripple investors.
The SEC's claim that XRP is a security is partially dismissed, according to New York District Judge Analisa Torres, who also determined that Ripple's XRP is not a security.
XRP institutional sales can be considered securities.
The rule is regarded as a historic choice that could have profound effects on the sector.
As investors reacted to the news, the ripple price surged, rising 30% from a low of 0.46926 to a high of 0.64888.
The SEC's claim that XRP is a security is partially dismissed, according to New York District Judge Analisa Torres, who also determined that Ripple's XRP is not a security.
XRP institutional sales can be considered securities.
The rule is regarded as a historic choice that could have profound effects on the sector.
As investors reacted to the news, the ripple price surged, rising 30% from a low of 0.46926 to a high of 0.64888.
A major increase in the price of Bitcoin (BTC), which is currently valued at $30,800, may occur as a result of the United States dollar's decline, which has now reached a 15-month low.
A well-known trader by the name of Moustache tweeted on July 11 that there are favourable conditions for Bitcoin to continue its historical price pattern.
This year, the U.S. Dollar Index (DXY) is very significant for Bitcoin, despite the fact that it no longer exhibits the same negative association with the strength of the dollar that it did in the past. However, traders' attention has been drawn to the DXY's recent moves.
The DXY is approaching the crucial support level of 100, which it has not tested for, according to data from Coin Telegraph Markets Pro and Trading View.
A well-known trader by the name of Moustache tweeted on July 11 that there are favourable conditions for Bitcoin to continue its historical price pattern.
This year, the U.S. Dollar Index (DXY) is very significant for Bitcoin, despite the fact that it no longer exhibits the same negative association with the strength of the dollar that it did in the past. However, traders' attention has been drawn to the DXY's recent moves.
The DXY is approaching the crucial support level of 100, which it has not tested for, according to data from Coin Telegraph Markets Pro and Trading View.
Uniswap's trading volume rose by 10%, outperforming Bitcoin and Cardano networks. Despite being ranked 24th in market capitalization, Uniswap has seen significant crypto trading activity. Experts predict that decentralized derivatives, like Uniswap, will be the focus of the next DeFi boom. Apollo Capital's CIO, Henrik Andersson, believes on-chain derivatives are the next growth sector in DeFi. The FTX incident has boosted decentralized exchanges, with Uniswap being the top beneficiary.
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