The dollar is at risk of being replaced by Bitcoin
The CEO of Coinbase, Brian Armstrong, has issued a striking warning about the future of the global financial system, confirming that the rise of government debt, particularly in the United States, could pave the way for Bitcoin to become the global reserve currency.
In his speech at the company's annual summit in New York, Armstrong stated: "Democratic systems around the world are suffering from increasing deficits without oversight... Throughout history, when currency is detached from hard assets, it always ends with overprinting and monetary collapse."
Ripple was trading within pair $ at a price of 2.5949 and at 16:09 (13:09 GMT) on the Investing.com Index during Monday, where it rose by 10.53% on a daily basis. This marks the highest daily increase since.
This upward movement pushed Ripple to record a market value exceeding $150.5300B, or 4.47% of the total market capitalization of digital currencies, and at the benchmark level, where Ripple's market value reached $190.3902B.
Ripple traded in a range between $2.3538 and $2.5967 over the last twenty-four hours.
Over the past seven days, Ripple has been observed rising in value, with a percentage change increase. The trading volume of Ripple within the pair $ over the last twenty-four hours as of the writing of this article was at 6.3336B or 4.24% of the total volumes of digital currencies. Additionally, trading ranged between $2.0784 and $2.5967 during the last seven days.
After a decline that lasted for more than five days, Cardano (ADA) has started to show its first green candle, which may indicate a potential reversal of trend. The daily chart shows a momentary rebound, as ADA tests key Fibonacci levels.
ADA Movement Analysis: Currently, ADA is moving between the 50% Fibonacci level ($0.6272) and the 61.8% Fibonacci level ($0.7351), which are critical levels in determining the upcoming trend.
Breaking above the level of 0.7351$ may confirm a bullish reversal, paving the way for further gains. Failing to maintain above 0.65$ may lead to additional selling pressure, increasing the likelihood of continued decline.
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