The Sharia Supervisory Board of the Central Bank of Bahrain has issued a Sharia opinion declaring that Ripple's XRP cryptocurrency is Sharia-compliant.
Urgent: ๐ฉ๐ช Deutsche Bank (valued at $1.05 trillion) expects central banks to start buying Bitcoin and holding it on their balance sheets by 2030.
Today at 7:35 PM Mecca time (8:35 PM UAE time), U.S. Federal Reserve Chairman Jerome Powell will deliver an important speech at the Providence Chamber of Commerce event.
โ๏ธ The markets are all waiting for his statements, especially regarding: โข The pace of the upcoming interest rate cuts and the impact of tariffs on inflation. โข Signals of a weak labor market versus continued inflation above 2%.
๐ก My personal opinion: Any hints from Powell regarding the continuation of cuts or a slowdown in the economy could be a critical moment, opening the door to strong fluctuations in gold, the dollar, and bitcoin.
โ Question for you: ๐ Do you expect Powell's speech to support the rise of bitcoin and crypto? โค๏ธ Its impact will be limited and temporary ๐ No, it will negatively pressure the market
As we mentioned earlier, we stated that Bitcoin's dominance would rise from 59% to 60% โ , and thankfully, this is exactly what happened.
๐ Technical Analysis: โข Itโs clear that we have formed a reversal pattern after the previous downtrend, and the candles have started to bounce back from strong support areas. โข The indicators signal that the dominance may face significant resistance around 60.8% โ 61%, and if it manages to break through, it will open the door to levels of 62%. โข Conversely, if there is a rejection from these levels, we may see a retest of 57% โ 58% again.
๐ Summary: The increase in Bitcoin's dominance in this way indicates that the altcoin market is still under pressure, and any strong rally for altcoins must wait for a clear drop in Bitcoin's dominance below 57%.
โ๏ธ My Personal Opinion: I believe that the dominance is close to turning points, and if it indeed rejects at 61%, this will be a positive signal for altcoins with new liquidity entering.
Urgent: ๐ฏ๐ต Metaplanet company buys an additional 5,419 Bitcoins worth 633 million dollars, raising its holdings to 25,555 Bitcoins worth 2.8 billion dollars.
Even though gold reigns supreme with a market value exceeding $25 trillion, and with the rise of giants like NVIDIA, Microsoft, and Apple, the biggest discussion in the markets is shifting towards Bitcoin ๐ฅ
Today, Bitcoin stands at $2.2 trillion with a value of $114,513 per piece, and despite the recent drop, all eyes are watching: Will it succeed in regaining the lead after the end of the Alt Season? ๐
๐ Personally, I believe that Bitcoin's next position will define the entire market: if it maintains its prestige, it will remain the leader; however, if it continues to weaken, we may witness historical shifts in market dominance.
โ The question for you: ๐ Do you think Bitcoin's market will outperform many after the altcoin season? โค๏ธ Perhaps it will only maintain its current position ๐ No, altcoins will take the spotlight and outperform
I really don't know what is happening on the mexc platform, whether there is a real rise in currencies in this crazy way or manipulation from the platform or what is really going on. This currency, for example, opened at a price of 0.012 and remained stable for several minutes at a price of 10 cents, and from this area, it launched to 260 dollars in just a few minutes and made nearly 2600 doubles in less than five minutes. Is this normal#ุชุงุจุน_ูุงุฑุจุญ #ู ุชุงุจุนู_ูุงูู_ููู ูุช_ููุตูู_ูู_ุฌุฏูุฏ_โกุงุฎูุงุชู #ู ุตุฑ #ุชูู #ูุนุจุฉ_ุจููุงูุณ $SOL
Recent reports indicate that some central banks in the BRICS group have begun experimenting with the XRP Ledger network as a cross-border payment system ๐, a step that could change the game through:
๐น Faster and cheaper settlements than traditional systems โก๏ธ ๐น Reducing dependence on the US dollar ๐ฒ ๐น Paving the way for a new financial architecture among emerging economies
In my opinion ๐: If the experiments prove successful, we may be facing a historic shift in the global financial system, and XRP will be at the heart of the equation.
โ The question for you: ๐ Do you think that central banks' adoption of XRP will make it the preferred currency for international transfers? โค๏ธ Just an experiment and it won't last ๐ No, the dollar will remain dominant