Blockmandev
#Bitcoin Connoisseur | #MemeCoin Maestro | #Blockchain Visionary | OG in the #Crypto Jungle
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š #Bitcoin exchange inflows surged dramatically after the US Consumer Confidence report was released, with the Bitcoin Exchange Inflow (Top 10) metric surpassing 5,000 $BTC three times in one day. This metric, which tracks deposits of $BTC into the top 10 exchanges, often signals potential selling pressure from large holders or institutions preparing for liquidation.
Spikes in exchange inflows preceded a decline in $BTC's price, suggesting that major holders might have been preparing to sell before the correction. The increased volatility in inflows towards the end of the period coincided with a sharp drop in $BTC's price to $86.9K, indicating a mix of panic selling and strategic profit-taking by large investors.
The consumer confidence reaching an eight-month low has fueled concerns about inflation and potential tariffs under a hypothetical second Trump administration. Proposed tariffs, including a 10% levy on all imports and potential 60%+ taxes on Chinese goods, could increase consumer prices and strain household budgets. Businesses might pass these costs onto consumers, worsening inflation, while retaliatory tariffs could disrupt global supply chains and impact key industries' employment, leading to heightened $BTC market volatility.
$BTC's price dropped to a three-month low this week, and the broader cryptocurrency market also faced losses, with total market capitalization falling to $2.91 trillion. Market sentiment is strained, with warnings that stagnant $BTC prices could dampen institutional demand and limit upward momentum. Additionally, concerns about potential $BTC market turbulence were raised, with predictions of "goblin town incoming." It was highlighted that hedge funds holding shares of BlackRockās iShares Bitcoin Trust ($IBIT) while shorting $BTC futures on the Chicago Mercantile Exchange (CME) aim to capture a higher yield than short-term US Treasury rates. If the futures basis compresses as $BTC declines, these funds may be forced to sell $IBIT shares and buy back their short CME futures positions.
Spikes in exchange inflows preceded a decline in $BTC's price, suggesting that major holders might have been preparing to sell before the correction. The increased volatility in inflows towards the end of the period coincided with a sharp drop in $BTC's price to $86.9K, indicating a mix of panic selling and strategic profit-taking by large investors.
The consumer confidence reaching an eight-month low has fueled concerns about inflation and potential tariffs under a hypothetical second Trump administration. Proposed tariffs, including a 10% levy on all imports and potential 60%+ taxes on Chinese goods, could increase consumer prices and strain household budgets. Businesses might pass these costs onto consumers, worsening inflation, while retaliatory tariffs could disrupt global supply chains and impact key industries' employment, leading to heightened $BTC market volatility.
$BTC's price dropped to a three-month low this week, and the broader cryptocurrency market also faced losses, with total market capitalization falling to $2.91 trillion. Market sentiment is strained, with warnings that stagnant $BTC prices could dampen institutional demand and limit upward momentum. Additionally, concerns about potential $BTC market turbulence were raised, with predictions of "goblin town incoming." It was highlighted that hedge funds holding shares of BlackRockās iShares Bitcoin Trust ($IBIT) while shorting $BTC futures on the Chicago Mercantile Exchange (CME) aim to capture a higher yield than short-term US Treasury rates. If the futures basis compresses as $BTC declines, these funds may be forced to sell $IBIT shares and buy back their short CME futures positions.
šØ#Bitcoin Price Analysis: BTC Loses Key Support ā How Low Could It Go?.
Bitcoin ($BTC) has recently dipped below the critical 100-day moving average at $98K, inching closer to the vital $95K support level. Despite this, the market is experiencing low trading activity, indicating a lack of strong momentum and suggesting that further short-term consolidation is likely.
On the daily chart, the dip below the 100-day moving average at $98K hints at increased selling pressure. However, the absence of robust bearish momentum implies weak market participation, with neither bulls nor bears taking control. This breakdown leans towards a bearish bias, potentially leading to further consolidation and retracements toward the significant $90K support level.
Looking at the 4-hour chart, the price action of $BTC remains bearish, gradually nearing the lower boundary of an ascending channel. The market is undecided, presenting two possible scenarios. As $BTC approaches the crucial support area around the channel's lower boundary and the $90K range, which has historically acted as a strong demand zone, it may trigger a reversal and renew bullish momentum. Conversely, the formation of a double-top pattern, with the neckline coinciding with the $90K support zone, could confirm further bearish continuation if the price breaks below this level. In the short term, $BTC's price action around $90K will be pivotal in determining the next major trend, with further consolidation toward this level expected.
The broader market context shows increasing concerns as investor sentiment weakens. The previous rally, driven by optimism about Trump's election victory and expectations of U.S. strategic asset allocation, has been overshadowed by escalating geopolitical tensions, particularly regarding trade policies, which have prompted risk-off behavior and dampened market momentum. A sustained bullish move will likely require either the resolution of these uncertainties or the emergence of new catalysts.
Bitcoin ($BTC) has recently dipped below the critical 100-day moving average at $98K, inching closer to the vital $95K support level. Despite this, the market is experiencing low trading activity, indicating a lack of strong momentum and suggesting that further short-term consolidation is likely.
On the daily chart, the dip below the 100-day moving average at $98K hints at increased selling pressure. However, the absence of robust bearish momentum implies weak market participation, with neither bulls nor bears taking control. This breakdown leans towards a bearish bias, potentially leading to further consolidation and retracements toward the significant $90K support level.
Looking at the 4-hour chart, the price action of $BTC remains bearish, gradually nearing the lower boundary of an ascending channel. The market is undecided, presenting two possible scenarios. As $BTC approaches the crucial support area around the channel's lower boundary and the $90K range, which has historically acted as a strong demand zone, it may trigger a reversal and renew bullish momentum. Conversely, the formation of a double-top pattern, with the neckline coinciding with the $90K support zone, could confirm further bearish continuation if the price breaks below this level. In the short term, $BTC's price action around $90K will be pivotal in determining the next major trend, with further consolidation toward this level expected.
The broader market context shows increasing concerns as investor sentiment weakens. The previous rally, driven by optimism about Trump's election victory and expectations of U.S. strategic asset allocation, has been overshadowed by escalating geopolitical tensions, particularly regarding trade policies, which have prompted risk-off behavior and dampened market momentum. A sustained bullish move will likely require either the resolution of these uncertainties or the emergence of new catalysts.
šØ $BTC Price Keeps Dropping Despite Strategyās Latest $2B Bitcoin Purchase.
Strategy, the company formerly known as MicroStrategy, has just announced a massive acquisition of $20,356 BTC for around $1.99 billion at an average price of $97,514 per bitcoin, achieving a bitcoin yield of 6.9% year-to-date in 2025. This move has increased the company's total $BTC holdings to 499,096, acquired for approximately $33.1 billion at an average price of $66,357 per $BTC .
This latest purchase was made possible shortly after the company successfully raised $2 billion through a convertible notes offering at a 0% coupon and a 35% premium, suggesting a potential strike price for $MSTR at $433.43.
Despite this significant investment, $BTC 's price continues to struggle, dipping below $96,000 and nearing a drop under $95,000, reflecting a broader market trend. Meanwhile, Strategy's shares have experienced volatility, dropping over 12% in the past five days and 16.5% over the last month, yet they show a significant rise of 105% over the past six months, trading just below $300.
The current valuation of Strategy's $BTC holdings stands at approximately $47.4 billion, representing a paper gain of about $14 billion. This underscores the company's position as the largest corporate holder of $BTC , showcasing its continued commitment to the cryptocurrency.
Strategy, the company formerly known as MicroStrategy, has just announced a massive acquisition of $20,356 BTC for around $1.99 billion at an average price of $97,514 per bitcoin, achieving a bitcoin yield of 6.9% year-to-date in 2025. This move has increased the company's total $BTC holdings to 499,096, acquired for approximately $33.1 billion at an average price of $66,357 per $BTC .
This latest purchase was made possible shortly after the company successfully raised $2 billion through a convertible notes offering at a 0% coupon and a 35% premium, suggesting a potential strike price for $MSTR at $433.43.
Despite this significant investment, $BTC 's price continues to struggle, dipping below $96,000 and nearing a drop under $95,000, reflecting a broader market trend. Meanwhile, Strategy's shares have experienced volatility, dropping over 12% in the past five days and 16.5% over the last month, yet they show a significant rise of 105% over the past six months, trading just below $300.
The current valuation of Strategy's $BTC holdings stands at approximately $47.4 billion, representing a paper gain of about $14 billion. This underscores the company's position as the largest corporate holder of $BTC , showcasing its continued commitment to the cryptocurrency.
šØ #Bitcoin Is Just Getting StartedāMathematician Predicts A Massive Future.
Get ready to buckle up, crypto enthusiasts!šš°
A Wall Street mathematician likens Bitcoin's exponential rise to just the opening act of a blockbuster movie. Fred Krueger claims we are standing on the edge of a thrilling ride with Bitcoin about to deliver "massively high returns" over the next two to three decades. With only 1% of affluent investors currently dipping their toes into $BTC , it seems we are indeed super early in this game!
Spot Bitcoin ETFs are like a golden ticket, unlocking the doors for institutional investors who previously might have hesitated. No more wrestling with complex self-custody or navigating a tangled web of exchanges. Just pure, unadulterated access, with names like BlackRock and Fidelity leading the charge. Sounds pretty enticing, right?š”š
Krueger draws parallels to his own journey, reminiscing about his Apple investment surge back in '08. Imagine if Bitcoin follows that same trajectory. With a mere shift from 0.01% to 2% of portfolios into $BTC , we could witness an astonishing avalanche of investment pouring into the crypto landscape. Time to keep your eyes peeled, as the potential wealth gap in crypto is ripe for narrowing!
So, if you thought Bitcoin's best days were behind it, think again! Weāre just warming up, and the show is just beginning. The first inning is upon us, so hold onto your hats and wallets because the next few decades could be nothing short of exhilarating!ššø
ā ļø Disclaimer: This analysis is for informational purposes only and should not be considered financial or investment advice.
Get ready to buckle up, crypto enthusiasts!šš°
A Wall Street mathematician likens Bitcoin's exponential rise to just the opening act of a blockbuster movie. Fred Krueger claims we are standing on the edge of a thrilling ride with Bitcoin about to deliver "massively high returns" over the next two to three decades. With only 1% of affluent investors currently dipping their toes into $BTC , it seems we are indeed super early in this game!
Spot Bitcoin ETFs are like a golden ticket, unlocking the doors for institutional investors who previously might have hesitated. No more wrestling with complex self-custody or navigating a tangled web of exchanges. Just pure, unadulterated access, with names like BlackRock and Fidelity leading the charge. Sounds pretty enticing, right?š”š
Krueger draws parallels to his own journey, reminiscing about his Apple investment surge back in '08. Imagine if Bitcoin follows that same trajectory. With a mere shift from 0.01% to 2% of portfolios into $BTC , we could witness an astonishing avalanche of investment pouring into the crypto landscape. Time to keep your eyes peeled, as the potential wealth gap in crypto is ripe for narrowing!
So, if you thought Bitcoin's best days were behind it, think again! Weāre just warming up, and the show is just beginning. The first inning is upon us, so hold onto your hats and wallets because the next few decades could be nothing short of exhilarating!ššø
ā ļø Disclaimer: This analysis is for informational purposes only and should not be considered financial or investment advice.
šØBitcoin ETFs See 9 Red Days Out of 11 ā Is the Euphoria Over?.
The excitement around $BTC ETFs in the US seems to be waning, with February marking a challenging period for these investment vehicles. Data reveals that most days of the month have been dominated by withdrawals rather than investments.
The initial launch of spot BTC ETFs last year was met with enthusiasm as investors shifted their holdings from the Grayscale Trust to other funds and injected new capital into offerings like IBIT and FBTC. However, the fervor has cooled off significantly. Despite the promise of a more favorable regulatory environment following the US elections, investor sentiment towards $BTC has shifted, leading to a noticeable decrease in ETF inflows.
February, often a bullish period for $BTC , has seen only a few days of net inflows this year, specifically on February 4, 5, 7, and 14. The last few weeks have been particularly tough, with just two out of the last 11 trading days showing positive inflows. The most significant outflow occurred on February 20, with $364.8 million exiting the funds, including a notable $112 million withdrawal from IBIT, the largest BTC ETF globally. Since February 6, BTC ETFs have seen a staggering $1.1 billion in net outflows, making February 2025 the worst month on record for these products.
As for $ETH, while the situation is not as dire as with $BTC , it too experienced a negative end to last week after a string of positive inflow days. The week concluded with withdrawals amounting to $13.1 million on Thursday and $8.9 million on Friday. Despite this, February has been more favorable for $ETH ETFs with only a few days in the red. However, the initial enthusiasm seen on February 4, when $307.8 million flowed into $ETH ETFs, has not been sustained, with subsequent inflows remaining in the low double digits.
For investors in $BTC , $ETH, and other trending cryptocurrencies like $SOL, $DOGE, and $SHIB, it's crucial to monitor these market trends closely and adjust strategies accordingly to navigate the ever-changing landscape of digital assets.
The excitement around $BTC ETFs in the US seems to be waning, with February marking a challenging period for these investment vehicles. Data reveals that most days of the month have been dominated by withdrawals rather than investments.
The initial launch of spot BTC ETFs last year was met with enthusiasm as investors shifted their holdings from the Grayscale Trust to other funds and injected new capital into offerings like IBIT and FBTC. However, the fervor has cooled off significantly. Despite the promise of a more favorable regulatory environment following the US elections, investor sentiment towards $BTC has shifted, leading to a noticeable decrease in ETF inflows.
February, often a bullish period for $BTC , has seen only a few days of net inflows this year, specifically on February 4, 5, 7, and 14. The last few weeks have been particularly tough, with just two out of the last 11 trading days showing positive inflows. The most significant outflow occurred on February 20, with $364.8 million exiting the funds, including a notable $112 million withdrawal from IBIT, the largest BTC ETF globally. Since February 6, BTC ETFs have seen a staggering $1.1 billion in net outflows, making February 2025 the worst month on record for these products.
As for $ETH, while the situation is not as dire as with $BTC , it too experienced a negative end to last week after a string of positive inflow days. The week concluded with withdrawals amounting to $13.1 million on Thursday and $8.9 million on Friday. Despite this, February has been more favorable for $ETH ETFs with only a few days in the red. However, the initial enthusiasm seen on February 4, when $307.8 million flowed into $ETH ETFs, has not been sustained, with subsequent inflows remaining in the low double digits.
For investors in $BTC , $ETH, and other trending cryptocurrencies like $SOL, $DOGE, and $SHIB, it's crucial to monitor these market trends closely and adjust strategies accordingly to navigate the ever-changing landscape of digital assets.
šØRussiaās Power Grid Hit by Unauthorized #Crypto Mining, Losing Over 1.3 Billion Rubles.
Russia's power grid company faced a staggering loss of over 1.3 billion rubles ($14.2 million) in 2024 due to unauthorized cryptocurrency mining. The widespread damage affected the company's electrical networks, particularly in the North Caucasus region, with losses exceeding 600 million rubles. Novosibirsk and the Center and Volga regions also reported significant losses, at 400 million and 120 million rubles, respectively.
In Novosibirsk, a single operator ran around 3,200 mining devices, illegally consuming electricity on an industrial scale and causing an estimated loss of 197 million rubles ($2.2 million). These unauthorized operations led to power grid congestion, resulting in low voltage issues that could damage electrical appliances. Authorities have intercepted 130 instances of unauthorized power use, with over 40 cases under criminal investigation, which may lead to prison sentences.
Interestingly, while these illicit activities drained resources, Rosseti announced exploring cryptocurrency mining as a means to optimize underutilized power capacity just last month. The initiative aims to efficiently use idle power supply centers, increase tariff revenues, and contribute to regional economic growth through tax revenue. The company's extensive grid network could facilitate the coordination of mining infrastructure and connect energy consumers to underloaded power centers.
Discussions about Rosseti's potential entry into the mining industry, including the development of a specialized tariff system to regulate energy use, are ongoing. Rosseti emphasized its advanced energy infrastructure, which includes modern switching equipment and load management systems designed to ensure power grid stability. This strategic move aligns with the company's broader goal of modernizing Russia's electric grid and integrating emerging industries.
Russia's power grid company faced a staggering loss of over 1.3 billion rubles ($14.2 million) in 2024 due to unauthorized cryptocurrency mining. The widespread damage affected the company's electrical networks, particularly in the North Caucasus region, with losses exceeding 600 million rubles. Novosibirsk and the Center and Volga regions also reported significant losses, at 400 million and 120 million rubles, respectively.
In Novosibirsk, a single operator ran around 3,200 mining devices, illegally consuming electricity on an industrial scale and causing an estimated loss of 197 million rubles ($2.2 million). These unauthorized operations led to power grid congestion, resulting in low voltage issues that could damage electrical appliances. Authorities have intercepted 130 instances of unauthorized power use, with over 40 cases under criminal investigation, which may lead to prison sentences.
Interestingly, while these illicit activities drained resources, Rosseti announced exploring cryptocurrency mining as a means to optimize underutilized power capacity just last month. The initiative aims to efficiently use idle power supply centers, increase tariff revenues, and contribute to regional economic growth through tax revenue. The company's extensive grid network could facilitate the coordination of mining infrastructure and connect energy consumers to underloaded power centers.
Discussions about Rosseti's potential entry into the mining industry, including the development of a specialized tariff system to regulate energy use, are ongoing. Rosseti emphasized its advanced energy infrastructure, which includes modern switching equipment and load management systems designed to ensure power grid stability. This strategic move aligns with the company's broader goal of modernizing Russia's electric grid and integrating emerging industries.
šØ #Ethereum Foundation Launches Open Intents Framework to Boost Cross-Chain Interoperability. š
Exciting news for the Ethereum ecosystem! The Ethereum Foundation has just rolled out the Open Intents Framework (OIF), a new modular and open framework aimed at enhancing interoperability across different chains. This move is set to revolutionize cross-chain transactions, making it easier for users to move assets seamlessly.
OIF was developed in collaboration with over 30 teams, including key players like Layer 2 networks, wallets, and infrastructure providers. The framework's core feature, Intents, allows users to specify their desired transaction outcomes without getting bogged down in the nitty-gritty details. Previously, the lack of compatibility among different intent implementations hindered adoption, but OIF tackles this by standardizing critical components like solving and settlement. This standardization fosters a more integrated and customizable approach, promoting shared innovation across the board.
The initiative is described as a public good, with initial funding coming from Hyperlane. Contributors from the Ethereum Foundation, Hyperlane, and Bootnode are steering the project, which is poised for community ownership and further funding down the line. The framework has garnered strong support from major Layer 2 platforms such as Arbitrum, Optimism, Scroll, Polygon, zkSync, Linea, Gnosis, and Starknet, indicating a bright future for expanded development.
Moreover, Uniswap Labs, the team behind the popular Uniswap DEX, played a crucial role in co-authoring ERC-7683 last year. This new standard for cross-chain intents was designed to be adopted widely, and it's now a core component of the Open Intents Framework. The collective effort highlights the community's commitment to unifying the Ethereum ecosystem.
This development is a significant step forward for $ETH and the broader crypto market, potentially boosting the value and utility of other major tokens like $BTC, $SOL, $BNB, $DOGE, $SHIB, $USDT, $XRP, $HYPE, $ADA, $WIF, $HBAR, $LTC, and $JUP.
Exciting news for the Ethereum ecosystem! The Ethereum Foundation has just rolled out the Open Intents Framework (OIF), a new modular and open framework aimed at enhancing interoperability across different chains. This move is set to revolutionize cross-chain transactions, making it easier for users to move assets seamlessly.
OIF was developed in collaboration with over 30 teams, including key players like Layer 2 networks, wallets, and infrastructure providers. The framework's core feature, Intents, allows users to specify their desired transaction outcomes without getting bogged down in the nitty-gritty details. Previously, the lack of compatibility among different intent implementations hindered adoption, but OIF tackles this by standardizing critical components like solving and settlement. This standardization fosters a more integrated and customizable approach, promoting shared innovation across the board.
The initiative is described as a public good, with initial funding coming from Hyperlane. Contributors from the Ethereum Foundation, Hyperlane, and Bootnode are steering the project, which is poised for community ownership and further funding down the line. The framework has garnered strong support from major Layer 2 platforms such as Arbitrum, Optimism, Scroll, Polygon, zkSync, Linea, Gnosis, and Starknet, indicating a bright future for expanded development.
Moreover, Uniswap Labs, the team behind the popular Uniswap DEX, played a crucial role in co-authoring ERC-7683 last year. This new standard for cross-chain intents was designed to be adopted widely, and it's now a core component of the Open Intents Framework. The collective effort highlights the community's commitment to unifying the Ethereum ecosystem.
This development is a significant step forward for $ETH and the broader crypto market, potentially boosting the value and utility of other major tokens like $BTC, $SOL, $BNB, $DOGE, $SHIB, $USDT, $XRP, $HYPE, $ADA, $WIF, $HBAR, $LTC, and $JUP.
šØThis #Crypto Asset is Dominating the #RWA Space Even Amid the Market Drawdown.
The crypto market is currently facing a downturn, but amidst this, some projects continue to showcase robust network activity. #Ondo (ONDO), the native token of the Ondo ecosystem, stands out by dominating the real-world assets (RWAs) sector. As a decentralized finance (DeFi) network, Ondo leverages blockchain technology to tokenize real-world assets, significantly enhancing transaction volumes.
According to recent market intelligence, ONDO has outpaced most RWA tokens, recording the highest transaction volume despite the sluggish market conditions. Data reveals that Ondo's transaction volume is nearing $300 million, dwarfing its competitors whose volumes barely reach $40 million. Just a few weeks ago, this figure peaked at around $450 million before dipping to $200 million, and it is now climbing back towards the $300 million threshold.
Despite strong transaction volumes, ONDO's asset price has seen a slight uptick to $1.23, but it remains down by 7% weekly and 6% monthly. Although popular among investors, ONDO lacks the daily and monthly momentum observed in other rival tokens.
Ondo has not been idle, however, with several significant developments emerging recently. The team introduced the Ondo Chain, a layer-1 blockchain tailored specifically for institutional-grade RWAs. This new network aims to resolve various infrastructure challenges faced by tokenized regulated securities, including issues with DeFi compatibility, cross-chain liquidity, high fees, and security.
Moreover, Ondo Finance has secured a strategic collaboration with World Liberty Financial (WLFI), a DeFi protocol, to boost the adoption of tokenized RWAs. This partnership will see WLFI integrating Ondoās tokenized assets into its network as treasury reserve assets.
For investors interested in $BTC, $ETH, $SOL, and especially those focused on RWAs, keeping an eye on ONDO could be beneficial as it navigates the current market conditions and pushes forward with its innovative developments.
The crypto market is currently facing a downturn, but amidst this, some projects continue to showcase robust network activity. #Ondo (ONDO), the native token of the Ondo ecosystem, stands out by dominating the real-world assets (RWAs) sector. As a decentralized finance (DeFi) network, Ondo leverages blockchain technology to tokenize real-world assets, significantly enhancing transaction volumes.
According to recent market intelligence, ONDO has outpaced most RWA tokens, recording the highest transaction volume despite the sluggish market conditions. Data reveals that Ondo's transaction volume is nearing $300 million, dwarfing its competitors whose volumes barely reach $40 million. Just a few weeks ago, this figure peaked at around $450 million before dipping to $200 million, and it is now climbing back towards the $300 million threshold.
Despite strong transaction volumes, ONDO's asset price has seen a slight uptick to $1.23, but it remains down by 7% weekly and 6% monthly. Although popular among investors, ONDO lacks the daily and monthly momentum observed in other rival tokens.
Ondo has not been idle, however, with several significant developments emerging recently. The team introduced the Ondo Chain, a layer-1 blockchain tailored specifically for institutional-grade RWAs. This new network aims to resolve various infrastructure challenges faced by tokenized regulated securities, including issues with DeFi compatibility, cross-chain liquidity, high fees, and security.
Moreover, Ondo Finance has secured a strategic collaboration with World Liberty Financial (WLFI), a DeFi protocol, to boost the adoption of tokenized RWAs. This partnership will see WLFI integrating Ondoās tokenized assets into its network as treasury reserve assets.
For investors interested in $BTC, $ETH, $SOL, and especially those focused on RWAs, keeping an eye on ONDO could be beneficial as it navigates the current market conditions and pushes forward with its innovative developments.
šØ ByBit Lost 70% Of #Ethereum Holdings To Hacker, Says CEO.
#Bybit , a leading crypto exchange, suffered a devastating $1.5 billion hack, resulting in the loss of approximately 70% of its $ETH holdings. The CEO confirmed during a recent livestream that the exchange typically stores 60 to 70% of its $ETH in cold wallets, and this was the portion targeted by the hackers.
The attack saw over 400,000 ETH being siphoned from Bybit's cold wallet. The stolen ETH was quickly converted into staked $mETH and $stETH tokens before being swapped back into $ETH . Security experts revealed that the hackers managed to deceive those in control of the keys, tricking them into signing a malicious transaction that appeared legitimate. The specifics of how the deception occurred remain unclear, but possibilities include compromised user interfaces or infected computers of the involved individuals.
Further investigations point to the notorious North Korean hacking group, Lazarus Group, as the culprits behind the attack. This group has a history of targeting major crypto exchanges.
Despite the massive losses, Bybit's CEO has assured that all client assets are fully backed and the exchange will cover the losses. To manage the immediate liquidity crunch, Bybit is securing a bridge loan, having already obtained nearly 80% of the stolen $ETH . The exchange is also processing massive withdrawals and is considering its options carefully, including whether to pause withdrawals as suggested by other industry leaders.
In response to the situation, some have humorously suggested that the Ethereum community should consider rolling back the blockchain, a method previously used to address significant hacks.
ā ļøDisclaimer: This analysis is for informational purposes only and should not be considered financial or investment advice.
#Bybit , a leading crypto exchange, suffered a devastating $1.5 billion hack, resulting in the loss of approximately 70% of its $ETH holdings. The CEO confirmed during a recent livestream that the exchange typically stores 60 to 70% of its $ETH in cold wallets, and this was the portion targeted by the hackers.
The attack saw over 400,000 ETH being siphoned from Bybit's cold wallet. The stolen ETH was quickly converted into staked $mETH and $stETH tokens before being swapped back into $ETH . Security experts revealed that the hackers managed to deceive those in control of the keys, tricking them into signing a malicious transaction that appeared legitimate. The specifics of how the deception occurred remain unclear, but possibilities include compromised user interfaces or infected computers of the involved individuals.
Further investigations point to the notorious North Korean hacking group, Lazarus Group, as the culprits behind the attack. This group has a history of targeting major crypto exchanges.
Despite the massive losses, Bybit's CEO has assured that all client assets are fully backed and the exchange will cover the losses. To manage the immediate liquidity crunch, Bybit is securing a bridge loan, having already obtained nearly 80% of the stolen $ETH . The exchange is also processing massive withdrawals and is considering its options carefully, including whether to pause withdrawals as suggested by other industry leaders.
In response to the situation, some have humorously suggested that the Ethereum community should consider rolling back the blockchain, a method previously used to address significant hacks.
ā ļøDisclaimer: This analysis is for informational purposes only and should not be considered financial or investment advice.
šØ BTC Rejected at $100K After $1.5B Bybit Hack, SEC to Halt Coinbase Lawsuit: Your Weekly Crypto Recap.
It was a quiet week for the cryptocurrency markets until Friday, which brought some exciting developments. Let's review the price movements over the past week first. Last Friday, BTC spiked to $99,000 but was pushed back by bearish forces, preventing it from reaching the $100,000 mark.
Over the weekend, $BTC traded around $97,000, but as the new week began, the market experienced a retracement. By Tuesday afternoon, a significant crash drove BTC below $93,500, marking its lowest level since early February. However, the cryptocurrency quickly bounced back, reaching $96,000 within days and gradually climbing towards $100,000 again.
Earlier today, BTC peaked just under $99,600 following major news from the CEO of Coinbase. He announced that the lawsuit between the exchange and the US securities regulator is likely to be dismissed by next week. However, the celebration was short-lived as another exchange, #Bybit , was hit with a massive $1.5 billion hack, causing BTC to drop over $2,000 within minutes.
Despite the hack, BTC has since recovered and is now trading above $98,000, up 1.5% from last week. Among larger-cap altcoins, $TRX and $LTC were the top performers, while $SOL and $DOGE experienced significant declines, along with $LINK, $TON, $SUI, $SHIB, and $PEPE .
Market data shows a total market cap of $3.363 trillion with a 24-hour volume of $129 billion and a BTC dominance of 58.1%. Alongside $BTC , $ETH is trading at $2,748 (+0.5%) and $XRP at $2.63 (-3.2%).
It was a quiet week for the cryptocurrency markets until Friday, which brought some exciting developments. Let's review the price movements over the past week first. Last Friday, BTC spiked to $99,000 but was pushed back by bearish forces, preventing it from reaching the $100,000 mark.
Over the weekend, $BTC traded around $97,000, but as the new week began, the market experienced a retracement. By Tuesday afternoon, a significant crash drove BTC below $93,500, marking its lowest level since early February. However, the cryptocurrency quickly bounced back, reaching $96,000 within days and gradually climbing towards $100,000 again.
Earlier today, BTC peaked just under $99,600 following major news from the CEO of Coinbase. He announced that the lawsuit between the exchange and the US securities regulator is likely to be dismissed by next week. However, the celebration was short-lived as another exchange, #Bybit , was hit with a massive $1.5 billion hack, causing BTC to drop over $2,000 within minutes.
Despite the hack, BTC has since recovered and is now trading above $98,000, up 1.5% from last week. Among larger-cap altcoins, $TRX and $LTC were the top performers, while $SOL and $DOGE experienced significant declines, along with $LINK, $TON, $SUI, $SHIB, and $PEPE .
Market data shows a total market cap of $3.363 trillion with a 24-hour volume of $129 billion and a BTC dominance of 58.1%. Alongside $BTC , $ETH is trading at $2,748 (+0.5%) and $XRP at $2.63 (-3.2%).
šØ #Bitcoin Price Crashes on Reports of Alleged $1.5B #Bybit Security Incident.
Recent reports suggest that Bybit, one of the world's leading crypto exchanges, may have been compromised, resulting in a staggering loss of approximately $1.5 billion in digital assets, primarily in $ETH . The incident remains unconfirmed by Bybit, yet the news triggered an immediate and sharp decline in the prices of $BTC and other altcoins.
Initial suspicions arose after reports of massive transfers from Bybit to an unknown wallet, totaling over 400,000 $ETH , valued at more than $1.1 billion. Subsequent transfers to the same wallet, amounting to about $1.5 billion, were noted. These assets were then swapped to different forms of $ETH , indicating a potential security breach.
Following the news, BTC saw a significant drop, plummeting by over $2,000 from its approach to $100,000. The broader crypto market also felt the impact, with a total market cap reduction of $70 billion in less than thirty minutes.
In an update from Bybitās CEO, it was revealed that the exchange attempted an internal transfer between its cold and hot wallets, but a malicious entity seized control, diverting all the ETH to an unidentified address. The CEO confirmed that only one wallet was affected, assuring that all withdrawals remain operational.
The crypto community remains on edge, awaiting further official statements from Bybit. Until then, investors and traders should monitor the situation closely and consider the implications for their portfolios.
ā ļø Disclaimer: This analysis is for informational purposes only and should not be considered financial or investment advice.
Recent reports suggest that Bybit, one of the world's leading crypto exchanges, may have been compromised, resulting in a staggering loss of approximately $1.5 billion in digital assets, primarily in $ETH . The incident remains unconfirmed by Bybit, yet the news triggered an immediate and sharp decline in the prices of $BTC and other altcoins.
Initial suspicions arose after reports of massive transfers from Bybit to an unknown wallet, totaling over 400,000 $ETH , valued at more than $1.1 billion. Subsequent transfers to the same wallet, amounting to about $1.5 billion, were noted. These assets were then swapped to different forms of $ETH , indicating a potential security breach.
Following the news, BTC saw a significant drop, plummeting by over $2,000 from its approach to $100,000. The broader crypto market also felt the impact, with a total market cap reduction of $70 billion in less than thirty minutes.
In an update from Bybitās CEO, it was revealed that the exchange attempted an internal transfer between its cold and hot wallets, but a malicious entity seized control, diverting all the ETH to an unidentified address. The CEO confirmed that only one wallet was affected, assuring that all withdrawals remain operational.
The crypto community remains on edge, awaiting further official statements from Bybit. Until then, investors and traders should monitor the situation closely and consider the implications for their portfolios.
ā ļø Disclaimer: This analysis is for informational purposes only and should not be considered financial or investment advice.
šØ Cardano $ADA Price Predictions for This Week.
Cardano ($ADA ) has found solid support at $0.65, which presents a promising opportunity for investors and traders looking to capitalize on its potential uptrend. If ADA can maintain its position above this key support level, there's a strong possibility it will challenge the next resistance at $0.90. The recent attempts by buyers to push the price past $0.80 were unsuccessful, but with continued support, another push could be on the horizon.
Despite the initial rush of buyers following the bounce off the key support, the momentum for ADA has stalled. For a confirmed break from the current downtrend, ADA needs to break through the $0.90 resistance level. Until this happens, there remains a risk of sellers re-entering the market, making this a critical time for Cardano.
The daily RSI for #Cardano indicates that the cryptocurrency may have already reached its bottom, as the indicator is showing higher lows. To confirm this trend reversal, ADA must break through the key resistance and reach the psychological milestone of $1. Achieving this would signal a shift back to bullish control over the price action.
For investors in $BTC, $ETH, $SOL, $BNB, $DOGE, $SHIB, $USDT, $XRP, $HYPE, $WIF, $HBAR, $LTC, and $JUP, keeping an eye on $ADA 's movements can provide valuable insights into overall market sentiment and potential trends in other cryptocurrencies.
ā ļø Disclaimer: This analysis is for informational purposes only and should not be considered financial or investment advice.
Cardano ($ADA ) has found solid support at $0.65, which presents a promising opportunity for investors and traders looking to capitalize on its potential uptrend. If ADA can maintain its position above this key support level, there's a strong possibility it will challenge the next resistance at $0.90. The recent attempts by buyers to push the price past $0.80 were unsuccessful, but with continued support, another push could be on the horizon.
Despite the initial rush of buyers following the bounce off the key support, the momentum for ADA has stalled. For a confirmed break from the current downtrend, ADA needs to break through the $0.90 resistance level. Until this happens, there remains a risk of sellers re-entering the market, making this a critical time for Cardano.
The daily RSI for #Cardano indicates that the cryptocurrency may have already reached its bottom, as the indicator is showing higher lows. To confirm this trend reversal, ADA must break through the key resistance and reach the psychological milestone of $1. Achieving this would signal a shift back to bullish control over the price action.
For investors in $BTC, $ETH, $SOL, $BNB, $DOGE, $SHIB, $USDT, $XRP, $HYPE, $WIF, $HBAR, $LTC, and $JUP, keeping an eye on $ADA 's movements can provide valuable insights into overall market sentiment and potential trends in other cryptocurrencies.
ā ļø Disclaimer: This analysis is for informational purposes only and should not be considered financial or investment advice.
šØ Ripple (XRP) Price Predictions for This Week.
š $XRP Eyes $3 Resistance: Will It Break Through? š
This week, XRP has made significant progress, with buyers pushing the price above $2.5 and reaching $2.8 before sellers stepped in. The current key resistance stands at $3. If bulls successfully breach this level, XRP could potentially achieve new record highs in the near future.
However, despite steady progress, buyers have not yet gathered enough momentum to decisively challenge the $3 resistance. The momentum indicators are relatively flat, suggesting that until this resistance is broken, the enthusiasm among buyers might remain subdued.
Volume for XRP has remained low since the beginning of 2025, showing a considerable drop from the highs seen at the end of 2024. This low volume is another indicator that XRP might lack the necessary strength for reaching higher highs at the moment. Yet, this could change rapidly should the overall market sentiment improve.
Key Support levels: $2, $1.6
Key Resistance levels: $3, $3.4
Whether you're investing in $XRP , $BTC, $ETH, or other cryptocurrencies like #memecoins and #AÄ° tokens, keeping an eye on these levels will be crucial for making informed decisions.
ā ļø Disclaimer: This analysis is for informational purposes only and should not be considered financial or investment advice.
š $XRP Eyes $3 Resistance: Will It Break Through? š
This week, XRP has made significant progress, with buyers pushing the price above $2.5 and reaching $2.8 before sellers stepped in. The current key resistance stands at $3. If bulls successfully breach this level, XRP could potentially achieve new record highs in the near future.
However, despite steady progress, buyers have not yet gathered enough momentum to decisively challenge the $3 resistance. The momentum indicators are relatively flat, suggesting that until this resistance is broken, the enthusiasm among buyers might remain subdued.
Volume for XRP has remained low since the beginning of 2025, showing a considerable drop from the highs seen at the end of 2024. This low volume is another indicator that XRP might lack the necessary strength for reaching higher highs at the moment. Yet, this could change rapidly should the overall market sentiment improve.
Key Support levels: $2, $1.6
Key Resistance levels: $3, $3.4
Whether you're investing in $XRP , $BTC, $ETH, or other cryptocurrencies like #memecoins and #AÄ° tokens, keeping an eye on these levels will be crucial for making informed decisions.
ā ļø Disclaimer: This analysis is for informational purposes only and should not be considered financial or investment advice.
šØ #SEC Withdraws Appeal in #DeFi Dealer Classification Case.
The U.S. Securities and Exchange Commission (SEC) has decided to withdraw its appeal against a ruling that had previously blocked its efforts to extend securities laws to include decentralized finance (DeFi). This decision represents a major victory for the DeFi sector, potentially freeing it from the constraints of securities regulations.
In a recent motion filed with the U.S. Court of Appeals for the Fifth Circuit, the SEC expressed its intent to voluntarily dismiss the appeal. This move was unopposed, marking a significant shift in the agency's stance. Previously, the SEC had appealed a ruling from a Texas federal judge that sided with crypto advocacy groups, such as the Blockchain Association and the #Crypto Freedom Alliance of Texas. The judge's decision had halted the SEC's attempt to redefine the term dealer, which would have forced crypto liquidity providers and automated market makers with over $50 million in capital to register with the Commission.
Crypto advocacy groups argued against this change, stating that it would impose impractical requirements on DeFi protocols, which typically operate without centralized authority and struggle to comply with know your customer (KYC) and anti-money laundering (AML) regulations.
The head of the crypto lobbying group noted that with the dismissal of the case and new leadership at the SEC, the industry is hopeful for more constructive engagement with the agency. Following the departure of the former SEC chair, U.S. President Donald Trump has restructured the SEC, emphasizing a reduction in crypto-related enforcement and litigation. He appointed Mark Uyeda as acting head of the Commission, who has since established a crypto task force led by Commissioner Hester Peirce to develop a framework for digital assets.
ā ļø Disclaimer: This analysis is for informational purposes only and should not be considered financial or investment advice.
The U.S. Securities and Exchange Commission (SEC) has decided to withdraw its appeal against a ruling that had previously blocked its efforts to extend securities laws to include decentralized finance (DeFi). This decision represents a major victory for the DeFi sector, potentially freeing it from the constraints of securities regulations.
In a recent motion filed with the U.S. Court of Appeals for the Fifth Circuit, the SEC expressed its intent to voluntarily dismiss the appeal. This move was unopposed, marking a significant shift in the agency's stance. Previously, the SEC had appealed a ruling from a Texas federal judge that sided with crypto advocacy groups, such as the Blockchain Association and the #Crypto Freedom Alliance of Texas. The judge's decision had halted the SEC's attempt to redefine the term dealer, which would have forced crypto liquidity providers and automated market makers with over $50 million in capital to register with the Commission.
Crypto advocacy groups argued against this change, stating that it would impose impractical requirements on DeFi protocols, which typically operate without centralized authority and struggle to comply with know your customer (KYC) and anti-money laundering (AML) regulations.
The head of the crypto lobbying group noted that with the dismissal of the case and new leadership at the SEC, the industry is hopeful for more constructive engagement with the agency. Following the departure of the former SEC chair, U.S. President Donald Trump has restructured the SEC, emphasizing a reduction in crypto-related enforcement and litigation. He appointed Mark Uyeda as acting head of the Commission, who has since established a crypto task force led by Commissioner Hester Peirce to develop a framework for digital assets.
ā ļø Disclaimer: This analysis is for informational purposes only and should not be considered financial or investment advice.
šØ#Bybit CEO Ben Zhou Slams #PiNetwork as Token Crashes 60% After Mainnet Launch.
š Bybit CEO Ben Zhou has once again voiced strong criticism against Pi Network, labeling it a scam and firmly stating that his exchange will not list its token. The ongoing controversy surrounding Pi Network's practices has only heightened tensions between Zhou and the project. He has consistently questioned its legitimacy and refuses to engage with what he perceives as a dubious venture.
In a recent social media post, Zhou highlighted a 2023 warning from Chinese police that branded Pi Network as a scam. The authorities pointed out how the network allegedly preyed on the elderly, exposing their personal information which led to significant financial losses, including pension funds. Zhou refuted any claims that Pi Network had rejected a Bybit listing or that his exchange failed a Know Your Business check, denouncing these accusations as entirely false. He challenged Pi Network to address the numerous reports questioning its legitimacy openly rather than launching unfounded attacks. Zhou reiterated that Bybit has no plans to list fraudulent projects, reaffirming his belief that Pi Network is a scam. He called on the project team to be transparent if they claim to have nothing to hide.
Pi Network, a blockchain project designed to simplify mining via mobile phones, was created by Stanford graduates Nicolas Kokkalis and Dr. Chengdiao Fan. After years of development, the Pi Network launched its mainnet on February 20th. Unlike Bitcoin, which requires high-powered computing systems for mining, Pi Coin can be mined effortlessly using the Pi Networkās mobile app with minimal impact on battery life. Major exchanges like Bitget, OKX, and MEXC swiftly supported Pi Coin. However, despite this support, Pi Coin suffered a drastic 60% drop in value over the past day and is currently trading at $0.67.
#crypto #ai #cryptocurrency
ā ļø Disclaimer: This analysis is for informational purposes only and should not be considered financial or investment advice.
š Bybit CEO Ben Zhou has once again voiced strong criticism against Pi Network, labeling it a scam and firmly stating that his exchange will not list its token. The ongoing controversy surrounding Pi Network's practices has only heightened tensions between Zhou and the project. He has consistently questioned its legitimacy and refuses to engage with what he perceives as a dubious venture.
In a recent social media post, Zhou highlighted a 2023 warning from Chinese police that branded Pi Network as a scam. The authorities pointed out how the network allegedly preyed on the elderly, exposing their personal information which led to significant financial losses, including pension funds. Zhou refuted any claims that Pi Network had rejected a Bybit listing or that his exchange failed a Know Your Business check, denouncing these accusations as entirely false. He challenged Pi Network to address the numerous reports questioning its legitimacy openly rather than launching unfounded attacks. Zhou reiterated that Bybit has no plans to list fraudulent projects, reaffirming his belief that Pi Network is a scam. He called on the project team to be transparent if they claim to have nothing to hide.
Pi Network, a blockchain project designed to simplify mining via mobile phones, was created by Stanford graduates Nicolas Kokkalis and Dr. Chengdiao Fan. After years of development, the Pi Network launched its mainnet on February 20th. Unlike Bitcoin, which requires high-powered computing systems for mining, Pi Coin can be mined effortlessly using the Pi Networkās mobile app with minimal impact on battery life. Major exchanges like Bitget, OKX, and MEXC swiftly supported Pi Coin. However, despite this support, Pi Coin suffered a drastic 60% drop in value over the past day and is currently trading at $0.67.
#crypto #ai #cryptocurrency
ā ļø Disclaimer: This analysis is for informational purposes only and should not be considered financial or investment advice.
šØ US Ripple $XRP ETF Approval Seems Closer After This Development: Details.
The race to launch the first spot XRP ETF in the US is heating up, with major players like Grayscale, Bitwise, and 21Shares submitting their applications. The US Securities and Exchange Commission (SEC) is currently reviewing these proposals, and optimism within the Ripple community is soaring. The approval odds for a US XRP ETF by the end of 2025 have surged to 81%, indicating strong confidence in the potential launch.
Brazil's securities regulator recently gave the green light to a similar product, which led to an immediate positive impact on $XRP 's price, pushing it to nearly $2.75 before settling at around $2.67. While this development in Brazil is significant, the potential approval in the US could have a much more profound effect given its position as the world's largest financial market.
A US-based spot XRP ETF would open up the token to a massive pool of institutional and retail investors, potentially catalyzing global adoption. This move could also be seen as a milestone for the broader crypto industry, signaling a more favorable regulatory environment from the SEC, especially with recent leadership changes. The former Chairman, Gary Gensler, stepped down in January and was replaced by Mark Uyeda, who is known to be more supportive of cryptocurrencies. Additionally, one of the agency's top crypto litigators was reassigned, further indicating a possible shift in perspective.
The implications of these changes could be far-reaching, not just for $XRP but for other cryptocurrencies like $BTC, $ETH, and $SOL as well. As investors keep a close watch on the SEC's decision, the anticipation continues to build.
#XRP #crypto #bitcoin
ā ļøDisclaimer: This analysis is for informational purposes only and should not be considered financial or investment advice.
The race to launch the first spot XRP ETF in the US is heating up, with major players like Grayscale, Bitwise, and 21Shares submitting their applications. The US Securities and Exchange Commission (SEC) is currently reviewing these proposals, and optimism within the Ripple community is soaring. The approval odds for a US XRP ETF by the end of 2025 have surged to 81%, indicating strong confidence in the potential launch.
Brazil's securities regulator recently gave the green light to a similar product, which led to an immediate positive impact on $XRP 's price, pushing it to nearly $2.75 before settling at around $2.67. While this development in Brazil is significant, the potential approval in the US could have a much more profound effect given its position as the world's largest financial market.
A US-based spot XRP ETF would open up the token to a massive pool of institutional and retail investors, potentially catalyzing global adoption. This move could also be seen as a milestone for the broader crypto industry, signaling a more favorable regulatory environment from the SEC, especially with recent leadership changes. The former Chairman, Gary Gensler, stepped down in January and was replaced by Mark Uyeda, who is known to be more supportive of cryptocurrencies. Additionally, one of the agency's top crypto litigators was reassigned, further indicating a possible shift in perspective.
The implications of these changes could be far-reaching, not just for $XRP but for other cryptocurrencies like $BTC, $ETH, and $SOL as well. As investors keep a close watch on the SEC's decision, the anticipation continues to build.
#XRP #crypto #bitcoin
ā ļøDisclaimer: This analysis is for informational purposes only and should not be considered financial or investment advice.
šØ Strategy to buy $2 billion more in #Bitcoin as #Metaplanet reaches milestone.
Strategy, formerly known as MicroStrategy, is hitting the gas on its Bitcoin buying spree. Buckle up, crypto lovers! On Feb. 20, Strategy revealed plans to snag another $2 billion worth of $BTC through some snazzy convertible notes. Thatās right, theyāre not slowing down any time soon!
These notes are zero-interest and will mature in 2030, which sounds like a proper investment vehicle. Investors can dabble in these notes and convert them into shares of Strategy, all while riding the wave of Bitcoinās potential. With 478,740 $BTC already under their belt, valued at over $46 billion, they're making a serious power play in the crypto space.
And speaking of power moves, Japanese firm Metaplanet isnāt just watching from the sidelines. They recently made waves by purchasing 68.59 BTC for around $6.6 million, pushing their total Bitcoin stash to 2,100 $BTC āworth over $204 million now. With lofty goals of amassing 10,000 BTC by 2025 and 21,000 BTC by 2026, theyāre on a hefty mission.
Metaplanetās CEO is all in on the Bitcoin hype, calling it the only truly scarce resource out there. Talk about a commitment! As they place themselves at the forefront of the CoinShares Blockchain Global Equity Index, the future of Bitcoin looks brighter than ever.
So, whether you're riding the Bitcoin bull or are into AI tokens or Memecoins, keep your eyes peeled. Strategy and Metaplanet are setting the stage for what commitment in the crypto world looks like! šš°
Strategy, formerly known as MicroStrategy, is hitting the gas on its Bitcoin buying spree. Buckle up, crypto lovers! On Feb. 20, Strategy revealed plans to snag another $2 billion worth of $BTC through some snazzy convertible notes. Thatās right, theyāre not slowing down any time soon!
These notes are zero-interest and will mature in 2030, which sounds like a proper investment vehicle. Investors can dabble in these notes and convert them into shares of Strategy, all while riding the wave of Bitcoinās potential. With 478,740 $BTC already under their belt, valued at over $46 billion, they're making a serious power play in the crypto space.
And speaking of power moves, Japanese firm Metaplanet isnāt just watching from the sidelines. They recently made waves by purchasing 68.59 BTC for around $6.6 million, pushing their total Bitcoin stash to 2,100 $BTC āworth over $204 million now. With lofty goals of amassing 10,000 BTC by 2025 and 21,000 BTC by 2026, theyāre on a hefty mission.
Metaplanetās CEO is all in on the Bitcoin hype, calling it the only truly scarce resource out there. Talk about a commitment! As they place themselves at the forefront of the CoinShares Blockchain Global Equity Index, the future of Bitcoin looks brighter than ever.
So, whether you're riding the Bitcoin bull or are into AI tokens or Memecoins, keep your eyes peeled. Strategy and Metaplanet are setting the stage for what commitment in the crypto world looks like! šš°
šØ $XRP outperforms #Bitcoin and #Ethereum following news of Brazilian ETF approval.
XRP is on a rocket ride, leaving Bitcoin and Ethereum in the dust! In the past 24 hours, XRP surged by 6%, hitting $2.75 after Brazil gave the green light for its first spot ETF. Looks like XRP is the star of the show among the top 10 cryptocurrencies!
This week has been thrilling for XRP, boasting over 10% gains as institutional interest spikes. Asset management firm Hashdex has put its stamp of approval on this landmark ETF, allowing investors to ride the XRP wave with a regulated trading avenue. Who wouldnāt want that?
While Brazil is making waves in the crypto universe, the U.S. is still navigating through regulatory hurdles with the SEC keeping a watchful eye on XRP ETF applications. It seems like the SEC wants to close its chapter with Ripple before rolling out those approvals. Meanwhile, crypto bettors are feeling optimistic, giving an 80% chance that we could see an ETF approval this year!
Stay tuned, XRP enthusiasts! The crypto world is buzzing with excitement, and it looks like itās only just getting started.
ā ļø Disclaimer: This analysis is for informational purposes only and should not be considered financial or investment advice.
XRP is on a rocket ride, leaving Bitcoin and Ethereum in the dust! In the past 24 hours, XRP surged by 6%, hitting $2.75 after Brazil gave the green light for its first spot ETF. Looks like XRP is the star of the show among the top 10 cryptocurrencies!
This week has been thrilling for XRP, boasting over 10% gains as institutional interest spikes. Asset management firm Hashdex has put its stamp of approval on this landmark ETF, allowing investors to ride the XRP wave with a regulated trading avenue. Who wouldnāt want that?
While Brazil is making waves in the crypto universe, the U.S. is still navigating through regulatory hurdles with the SEC keeping a watchful eye on XRP ETF applications. It seems like the SEC wants to close its chapter with Ripple before rolling out those approvals. Meanwhile, crypto bettors are feeling optimistic, giving an 80% chance that we could see an ETF approval this year!
Stay tuned, XRP enthusiasts! The crypto world is buzzing with excitement, and it looks like itās only just getting started.
ā ļø Disclaimer: This analysis is for informational purposes only and should not be considered financial or investment advice.
$BTC is in a place of confusion take care! do not get in any trade without full research. The movement can be in long range of 5k to 8k
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