May 16, 2025

XRP Slides 4% as Bitcoin Traders Cautious of $105K Price Resistance

Tags:AI bitcoin Crypto ETH EU Moving Average solana trillion US wealth XRP

XRP saw a decrease of over 4% in the last 24 hours, leading the decline among major cryptocurrencies as the overall market slows down following last week’s significant rally. Bitcoin is...

XRP saw a decrease of over 4% in the last 24 hours, leading the decline among major cryptocurrencies as the overall market slows down following last week’s significant rally. Bitcoin is currently above $104,000, and traders are anticipating a steady increase beyond $105,000, which is now a key psychological and technical resistance level.

The total market capitalization of the crypto market dropped by 2% to $3.3 trillion, according to CoinGecko. Ethereum (ETH) and Solana (SOL) are also pausing near their 200-day moving averages, indicating a possible period of consolidation or a short-term pullback.

Alex Kuptsikevich, FxPro’s chief market analyst, noted that Bitcoin has been gradually forming a peak over the past week, usually a sign that a correction is imminent. The Crypto Fear & Greed Index slightly decreased from 73 to 70, remaining in the “greed” territory but showing a decrease in momentum.

According to Augustine Fan from SignalPlus, the markets may continue to edge higher unless equities experience a downturn. He warned that Bitcoin may face challenges breaking through the interim resistance at $105,000, while Ethereum could benefit more in the short term due to improving inflows and strong performance in altcoins.

Fan also highlighted a significant shift in capital allocation towards crypto, describing it as a more structural move favoring assets like emerging markets, precious metals, and cryptocurrencies to hedge against geopolitical and currency risks.

K33 Research observed that Bitcoin’s recent surge seems to be driven by spot market demand rather than excessive leverage, with retail investors and wealth managers from Asia contributing to sustaining the bullish sentiment. Nick Ruck from LVRG Research mentioned that the market slowdown may be due to caution ahead of upcoming macroeconomic data and concerns about the long-term effects of recent U.S. trade agreements.

The current market situation indicates a wait-and-see approach just below critical breakout levels, with the next significant move expected to dictate the overall market direction.

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May 9, 2025

Crypto / Exchange

Explosive ETH, ADA, DOGE Moves Spur $800M in Short Liquidations, Highest Since 2023

Tags:ADA AI Binance bitcoin Crypto DOGE ETH solana Trading XRP

A recent surge in the crypto market, led by a 20% increase in ether (ETH), resulted in over $750 million in short liquidations within the past day. This marks the highest...

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May 8, 2025

Crypto / Exchange / Regulation

SEC, Ripple Ink $50M Settlement Agreement, Ask NY Judge for Green Light

Tags:AI Crypto Donald Trump ripple Trump US XRP

Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have officially agreed on a deal to end their long-standing legal battle, pending approval from a judge. According to a settlement...

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May 8, 2025

Crypto

Dogecoin, Cardano’s ADA Lead Market Gains as Bitcoin Traders Eye Next Fed Meeting

Tags:ADA AI bitcoin btc Crypto DOGE Donald Trump ETH solana Tariffs Trump XRP

Bitcoin (BTC) approached $100,000 on Thursday, as major cryptocurrencies like dogecoin (DOGE) and Cardano’s ADA led gains in the crypto market. This surge was supported by dovish signals from the Federal...

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May 2, 2025

Crypto / Exchange

Dogecoin, XRP ETF Hopes Are Fuelling Bullish Sentiment, Social Data Shows

Tags:AI bitcoin Crypto DOGE ETH memecoin solana US XRP

The excitement surrounding dogecoin (DOGE) and XRP-based exchange-traded funds (ETFs) is on the rise, as social data from Santiment indicates a shift in crowd sentiment in favor of both tokens. This...

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May 2, 2025

Crypto

Bitcoin Jumps Above $97K as Traders Optimistic U.S.-China Trade Deal Possible

Tags:ADA AI bitcoin btc China Crypto DOGE ETH Strategy Tariffs Trading US XRP

Bitcoin (BTC) is currently trading above $97,000 in the Asian markets as there is a sense of relief following reports that the U.S. and China are working towards a trade deal....

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April 30, 2025

Exchange

SEC Delays Dogecoin and XRP ETF Decisions

Tags:AI bitcoin DOGE ETH XRP

The U.S. Securities and Exchange Commission (SEC) has postponed the approval decisions on spot XRP (XRP) and Dogecoin (DOGE) exchange-traded funds (ETFs), as anticipated by analysts. The SEC announced that it...

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April 25, 2025

Crypto / Cryptocurrency / Exchange

Bitcoin Traders Target $95K in Near Term; SUI Continues Multiday Rally

Tags:ADA AI bitcoin btc Crypto DOGE Telegram Trading US XRP

In the world of cryptocurrency, major coins saw little movement in the past day following a recent rally and subsequent profit-taking. Bitcoin (BTC) was trading above $93,000 during the Asian morning...

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April 23, 2025

Crypto / Cryptocurrency / Exchange

Bitcoin, Ether, Dogecoin Surge Spurs $500M in Short Liquidations

Tags:ADA AI Binance bitcoin btc China Crypto DOGE ETH memecoin solana Tariffs Trump US XRP

Over the past 24 hours, futures bets against higher crypto prices saw losses totaling over $500 million as a strong surge, potentially fueled by a U.S. decision to possibly ease China...

Over the past 24 hours, futures bets against higher crypto prices saw losses totaling over $500 million as a strong surge, potentially fueled by a U.S. decision to possibly ease China tariffs, resulted in the largest short liquidations since October.

Bitcoin (BTC) rallied from a low of $88,000 on Tuesday to above $93,500 during the Asian morning hours, leading a broader market jump with ether (ETH), Cardano’s ADA, and dogecoin (DOGE) all seeing a 14% increase. Solana’s SOL and XRP also rose by 7%, with all top hundred tokens by market cap showing gains.

Additionally, tokens like Sui Network’s SUI, UniSwap’s UNI, and Near Protocol saw strong gains of up to 18%. Memecoin mog (MOG) surged by 30%, continuing its trend of moving in sync with ETH.

Shorts worth nearly $530 million suffered losses as leveraged bets were unwound, with most short liquidations occurring on Bybit at $234 million, followed by Binance at $100 million and Gate at around $70 million. The largest single liquidation order involved an ETH futures position on Binance, valued at over $4.5 million.

Liquidations happen when an exchange closes a trader’s leveraged position due to a loss of the initial margin. This occurs when a trader doesn’t have enough funds to maintain the trade open.

The spike in crypto markets coincided with Trump’s comments about being open to positive trade talks with China and the possibility of reducing tariffs if a deal is reached. This news helped ease some of the cautious sentiment among traders.

Jeff Mei, COO at BTSE, shared his thoughts on the situation, mentioning the potential for rate cuts and a weakening U.S. dollar, which could explain the surge in bitcoin. If the U.S. dollar continues to depreciate, bitcoin may become a significant store of value as other currencies could also face depreciation.

Overall, the recent market movements reflect a mix of geopolitical factors and investor sentiment, pointing towards a potentially interesting period for the cryptocurrency market.

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April 21, 2025

Crypto / Equities

BNB, SOL, XRP Spike Higher as Bitcoin ‘Digital Gold’ Narrative Makes a Comeback

Tags:ADA AI bitcoin btc Crypto ETH EU Europe gold solana Trading Trump XRP

Bitcoin’s price surge and its comparison to gold as a safe-haven asset is gaining traction as global markets face volatility. In Asian trading hours, BTC climbed above $87,000 alongside other cryptocurrencies...

Bitcoin’s price surge and its comparison to gold as a safe-haven asset is gaining traction as global markets face volatility. In Asian trading hours, BTC climbed above $87,000 alongside other cryptocurrencies like Cardano’s ADA, BNB Chain’s BNB, XRP, and ethereum (ETH). This rally reversed the recent declines and boosted tokens like Solana’s SOL by 5.2% in the past week.

The ongoing trade wars and fears of inflation have prompted investors to see bitcoin as a hedge similar to gold. Nick Ruck, director at LVRG Research, highlighted the changing correlation of bitcoin with U.S. equities and its strengthening connection to the price of gold. The recent surge in bitcoin to over $87,000 reflects renewed investor confidence amidst market stabilization following tariff-related panic.

Gold reached new highs above $3,380 per ounce, garnering year-to-date gains of 25%. Despite dropping over 20% from its January peak, bitcoin’s rally above $87,000 marks its highest level since early April. The weakening dollar, reflected in the three-year low of the dollar index (DXY), is driving investors towards safe-haven assets like gold, European bonds, and now, bitcoin.

Jeff Mei, COO at BTSE, pointed out the impact of President Trump’s actions on the U.S. dollar, leading investors to seek alternative assets such as bitcoin. With growing downward pressure on the dollar, bitcoin has the potential to become a safe-haven asset in the current economic climate.

In addition to market analysis, technical indicators reveal a positive outlook for cryptocurrencies like Cardano’s ADA, XRP, Solana’s SOL, and BNB. ADA is maintaining upward momentum with strong support levels, while XRP shows signs of breaking out from sideways trading. Solana’s rally above $135 is backed by strong volume confirmation, while BNB’s surge above $600 is supported by large holders and recent token burn events.

Overall, the narrative of bitcoin as “digital gold” is gaining traction as investors seek alternatives in times of market volatility and economic uncertainty.

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