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Altcoins News
99Bitcoins
2w
314
Movement Crypto Shines as MOVE Spikes 40%: Here’s Why
- MOVE crypto surged 40% and broke out from a descending channel, reversing losses from the past week.
- Movement Network Foundation completed a 10 million MOVE token buyback program to stabilize prices and restore investor trust.
- The surge in MOVE crypto comes amidst global uncertainty, with top cryptos like Bitcoin, Ethereum, XRP, and Dogecoin also registering gains.
- MOVE7, the token powering Movement's Ethereum layer-2 platform, saw significant gains against the greenback.
- The breakout in MOVE crypto was supported by high volume and a bullish engulfing bar on the daily chart.
- Fundamental factors, along with technical patterns, are expected to drive further growth in MOVE crypto.
- Movement Network Foundation's buyback program aimed to rebuild investor confidence after market manipulation accusations in 2024.
- Binance froze $38 million in MOVE profits from Rentech, a market maker accused of token dumping, to protect traders and investors.
- In response to past challenges, Movement Labs made governance changes, including appointing Torab Torabi as CEO and Young Yang Liauw as the engineering team lead.
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TronWeekly
2w
410
Image Credit: TronWeekly
XRP Designed for $10,000? Ripple’s Mysterious Co-Founder Reemerges
- Ripple co-founder Arthur Britto breaks years-long silence, hinting at XRP’s larger global ambitions.
- XRP Ledger records 1.5 million daily transactions, marking a four-month high.
- The community speculates on potential tech upgrades and strategic moves behind Britto’s reappearance.
- Britto reappears online after being absent from interviews, social media, and company communications for years.
- Known for leading a low-key public life, Britto's return sparks speculation in the crypto space.
- Britto previously mentioned XRP was designed with the potential to reach $10,000.
- XRP processing 1.5 million transactions in a day prompts theories about Britto's return.
- Analysts see strong network usage and Britto's return as significant.
- Archived exchanges between Evan Schwartz and Britto in 2013 highlight XRP Ledger's global vision as a bridge currency.
- Britto envisioned XRP Ledger to scale for over 7.5 billion individuals and interconnected devices.
- Britto hinted at ongoing work for cost-effective, high-performance global adoption.
- Michael Harrington believes XRP's ambitions extend to becoming fundamental for financial transactions.
- Ripple's institutional progress fuels speculation about a potential IPO.
- Market sentiment is positive towards Ripple's next moves as anticipation grows.
- Speculation surrounds Britto's reintroduction amidst Ripple's developments.
- The market awaits Ripple's strategic moves following Britto's public presence.
- XRP community anticipates Ripple's future actions and the impact of Britto's reemergence.
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Coindoo
2w
309
Image Credit: Coindoo
Analytics Firm Issues Whale Activity Warning as Crypto Recovers from Geopolitical Jolt
- On-chain analytics firm Santiment warns of potential price swings for altcoins despite the recent relief rally.
- Santiment has flagged over $1 million whale transfers to exchanges for tokens like PAX Gold, Space ID, Gala, Aethir, and Pendle.
- Large whale transactions to centralized exchanges may indicate preparation for sell-offs or rebalancing of holdings.
- Historically, such movements precede short-term price volatility.
- Santiment advises traders to monitor PAXG, ID, GALA, ATH, and PENDLE closely for near-term selling pressure.
- Altcoins face short-term risks as large-scale wallet movements signal potential repositioning by major holders.
- Bitcoin and Ethereum are showing signs of stabilization, but certain altcoins may still experience turbulence.
- Tracking wallet movements remains crucial during geopolitical and macroeconomic uncertainties.
- Santiment's alert emphasizes the need to monitor whale activity for informed trading decisions.
- The warning comes as the crypto market recovers from recent geopolitical tensions.
- Analysis of on-chain data can provide insights into potential market trends and movements.
- Whale activity in altcoins could lead to increased volatility in the short term.
- The importance of vigilant monitoring during periods of uncertainty is highlighted by Santiment's observations.
- The post was originally published on Coindoo, focusing on the implications of whale activity amid the crypto market recovery.
- Crypto investors are advised to stay cautious and informed given the potential risks highlighted by Santiment.
- Be prepared for potential price fluctuations as major holders make significant transfers to exchanges.
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99Bitcoins
2w
74
Circle Stock Shows No Signs of Slowing Down: Here’s Why
- Circle (CIRCL) stock has surged nearly 10 times from its IPO price, driven by factors like USDC growth, strategic partnerships, and regulatory clarity.
- Ripple offered to acquire Circle for $5 billion before its IPO, but the proposal was rejected for being too low.
- Since going public, CIRCL stock has defied the crypto market sell-off and spiked over 300%, trading as high as $298.
- Financial metrics like Price-to-Earnings ratio of 3,311 and Price-to-Sales ratio of 7.7x indicate a premium valuation.
- The stablecoin market, with a total value over $261 billion, is expected to surge further with regulatory developments.
- The GENIUS Act in the Senate signals positive regulatory outlook, potentially boosting stablecoin demand.
- Circle's revenue growth is supported by USDC interest and strategic partnerships like with Fiserv for FIUSD issuance.
- Market confidence in USDC growth and regulatory support are key factors driving demand for CIRCL stock.
- Institutional exposure to stablecoins backed by U.S. Treasuries may increase once the regulatory framework is in place.
- The continuous scaling, revenue generation, and partnerships indicate potential for further growth for Circle.
- The article discusses the rally of CIRCL stock amidst lower trends in other cryptocurrencies like SOL and ETH.
- Market optimism surrounding Circle's future growth prospects and revenue potential is evident.
- Circle's strong market position and potential for revenue increase from low-risk bonds support its growth trajectory.
- The passage of the GENIUS Act and supportive regulatory environment are seen as positive catalysts for CIRCL stock.
- Circle's strategic partnerships, like with Fiserv for FIUSD issuance, are contributing to its expansion.
- Overall, Circle's stock momentum remains strong with no signs of slowing down, supported by various growth drivers.
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Cryptoticker
2w
235
Image Credit: Cryptoticker
Trump Confirms Israel–Iran Ceasefire — Crypto Prices Surge in Relief Rally
- President Trump confirms ceasefire between Israel and Iran, ending weeks of retaliatory strikes.
- Ceasefire triggered positive reactions globally, allowing for diplomatic de-escalation.
- Crypto prices surge as investor confidence returns following peace talks.
- Top 5 crypto gainers in the last 24 hours include SEI (+38.37%), JasmyCoin (+25.32%), WIF (+21.75%), Virtuals Protocol (+20.70%), and SPX6900 (+19.84%).
- Analysts expect short-term relief rally for major tokens, but caution advised due to potential market volatility.
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14 Likes
Coinjournal
2w
414
Image Credit: Coinjournal
Avalanche price surges as active wallet count rises 80%
- Avalanche (AVAX) price surged 9% to over $18 due to easing geopolitical tensions.
- The spike in AVAX price coincided with a significant increase in on-chain activity, including active addresses and transactions.
- AVAX, along with other cryptocurrencies, gained after Israel and Iran agreed to a ceasefire, potentially paving the way for AVAX to reach $30 or higher in the near future.
- Avalanche saw a surge in on-chain activity, with over 1.13 million transactions processed in the last 24 hours.
- Active addresses on the Avalanche network increased by 80%, reaching 194.8K.
- Platforms like OpenSea, Tether, and Bybit played a significant role in driving this spike in activity, particularly in NFT trading and stablecoin transactions.
- The recent Avalanche9000 upgrade, aimed at enhancing scalability and transaction efficiency, likely contributed to the increased network engagement.
- Developers and users are leveraging Avalanche's high-performance infrastructure, solidifying its position as a competitive player in the blockchain sphere.
- Technical analysis indicates a positive trajectory for AVAX, with potential resistance levels at $19.81 and $22.54.
- The moving average convergence divergence indicator and relative strength index support a bullish trend for AVAX.
- The surge in AVAX price and network activity reflects growing interest and adoption of the Avalanche blockchain.
- Overall, Avalanche's performance signals potential growth and competitiveness in the cryptocurrency market.
- The post was originally published on CoinJournal.
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24 Likes
TronWeekly
2w
340
Image Credit: TronWeekly
Altcoin Season Incoming? Bitcoin’s Grip May Be Slipping
- Altcoin season could be approaching with Bitcoin's dominance facing crucial resistance, potentially paving the way for altcoin rallies.
- The Altcoin Season Indicator hitting a two-year low indicates a possible surge in altcoins akin to previous cycles.
- Analysts foresee a bullish run for altcoins as Bitcoin dominance weakens, opening doors for significant gains.
- Crypto experts suggest that the awaited altcoin season might be near, with Bitcoin's dominance under vital resistance that historically triggered altcoin rallies.
- Resistance levels where Bitcoin dominance might be denied could lead to a substantial decline in dominance by over 36%.
- Past patterns show that rejections of Bitcoin dominance often precede substantial price increases in altcoins.
- The market structure is following a four-year cycle, hinting towards a potential shift in the market.
- Investors are advised to consider adding quality altcoins to their portfolios as the momentum shifts in favor of these assets.
- Analysts like Michael van de Poppe anticipate a significant rally in altcoins, citing the current uncertainty as a precursor to a bullish market.
- The Altcoin Season Index hitting a low suggests a forthcoming surge in the market, with historical data showing major rallies following such lows.
- The changing dynamics could indicate a shift towards altcoins as Bitcoin dominance faces resistance, opening doors for potential gains.
- All signs point toward an approaching altcoin season, urging investors to stay informed and capitalize on the emerging market movements.
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20 Likes
99Bitcoins
2w
26
SEI Crypto Just Went Vertical: 31% Surge Leaves Other Altcoins in the Dust
- SEI crypto surged by 31%, defying the market trend and outperforming other altcoins like SUI and Solana.
- SEI's price soared from $0.158 to $0.268, showing a bullish structure amidst a stagnant market.
- The rally was supported by record network activity, with DEX volume hitting an all-time high, and token volume reaching $284 million in a day.
- SEI Network was shortlisted for Wyoming's WYST stablecoin, enhancing its credibility in institutional settings.
- SEI is gearing up for the Giga upgrade, promising increased throughput and faster block times, adding to investor optimism.
- Technical indicators suggest sustained momentum for SEI, with strong support at $0.16 and a next target at $0.30.
- SEI's Total Value Locked increased by 1.62% to $506.38 million, highlighting elevated DeFi activity.
- Despite the possibility of a pullback, SEI still appears underpriced compared to its potential, with analysts projecting a significant upside potential.
- SEI's rally is backed by network usage, investor confidence, and positive technical signals, indicating a solid foundation for further growth.
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TheNewsCrypto
2w
357
US Fed Ends Use of ‘Reputational Risk’ in Crypto Banking Oversight
- The US Federal Reserve has ended the use of 'reputational risk' in its oversight of banks dealing with the crypto sector.
- More than 30 US technology and crypto firms were denied banking services under Operation Chokepoint 2.0, which considered certain industries as risky.
- The Fed instructed its supervisors to stop considering 'reputational risk' in banking partnerships with crypto enterprises.
- The Federal Reserve Board is revising supervisory materials to focus on financial risks instead of reputational risks.
- The board will ensure uniform application of these changes across all banks it oversees, in line with other federal bank regulatory bodies.
- Despite the change, banks are still expected to comply with all relevant rules and regulations in their risk management practices.
- Reputational risk was defined as the potential negative impact of bad press on a company, affecting customer trust and financial stability.
- Critics argue that removing reputational risk considerations could hide non-financial concerns and lead to riskier banking practices.
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21 Likes
Bitcoinist
2w
258
Image Credit: Bitcoinist
BREAKING – Iran-Israel Ceasefire Sparks Crypto Bounce, But Rally Faces Uncertain Future
- The ceasefire between Iran and Israel has stabilized world markets and boosted cryptocurrencies, with Bitcoin surpassing $105,000 after dropping below $100,000 recently.
- Lower oil prices post-ceasefire led to reduced inflation pressure, prompting investors to seek riskier assets like cryptocurrencies.
- Bitcoin surged over 5%, reaching over $106,000, followed by Ethereum, Solana, Cardano, and Dogecoin showing gains.
- Technical breakout above $103,800 for Bitcoin brought increased buying activity, pushing the price over $105,000.
- Altcoins such as Ethereum, Cardano, and Solana experienced a surge, with the Altcoin Season Index indicating potential outperformance against Bitcoin.
- Although the ceasefire has improved short-term crypto trends, concerns remain about potential hostilities or political instability impacting prices negatively.
- The situation could become volatile again if the ceasefire falters, especially with Iran's previous threats regarding the closure of the Strait of Hormuz.
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15 Likes
TheNewsCrypto
2w
65
Crypto Market Rebounds as Ceasefire Talks Underway in Middle East
- Bitcoin is trading at $105,766, up 3.66% in the last 24 hours following the recent market rebound in the cryptocurrency sector.
- Escalating global tensions led to significant selling in the crypto markets before a recovery.
- US President Trump's call for de-escalation in the Middle East contributed to Bitcoin's recovery.
- Iran fired missiles at American military bases, which heightened tensions over the weekend.
- Ceasefire talks are currently underway to ease tensions in the region.
- Despite missile launches and military actions, reports indicate minor damages and no American casualties.
- Trump's remarks aimed to encourage peace and strategic reactions from the US and regional powers.
- The cryptocurrency market witnessed a drop due to global tensions before finding stability post ceasefire talks.
- Investors saw reassurance in less volatile assets during the crisis, causing fluctuations in Bitcoin's price.
- Amidst the ceasefire talks, Bitcoin has shown a positive trend, trading at $105,766 currently.
- Highlighted crypto news includes SEI Price surging 30% as bulls break a key resistance level.
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TronWeekly
2w
349
Image Credit: TronWeekly
Solana Forecast 2025: Will SOL Break $300 or Fall Below $130?
- Solana (SOL) is currently trading at $140.75, with an 8.5% daily increase but a 10.55% weekly decline.
- Analysts caution swing traders as SOL nears key support at $125.
- Price predictions for Solana in 2025 range from highs above $300 to lows near $133.
- Technical analysis shows SOL in a 'Channel Down' pattern with bearish momentum indicated by the MACD.
- Key resistance levels are expected at $160 and $180.
- Long-term forecasts for SOL in 2025 vary, with one projection suggesting a surge to $309.71 by year-end.
- Another prediction states that SOL may not exceed $142.79 in 2025.
- The contrast between bullish investor sentiment and technical projections highlights market unpredictability.
- Solana is trading close to a critical support level at $125, prompting caution among traders.
- Swing traders may consider buying opportunities near $125, but uncertainty looms amidst the downward price trend.
- Long-term investors are advised to await clearer market signals, given the mixed 2025 predictions.
- The coming weeks will be crucial to observe whether Solana stabilizes, rebounds, or continues its decline.
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TronWeekly
2w
331
Image Credit: TronWeekly
Ripple IPO Rumors Heat Up as XRP Investors Watch for Big Moves Ahead
- Ripple IPO rumors swirl in crypto community despite no official 2025 plans.
- Attorney John Deaton suggests Ripple's valuation could hit $100 billion under favorable IPO conditions.
- XRP trades at $2.16 with increasing institutional interest.
- Ripple's potential IPO generates speculation amidst recent acquisitions and share buybacks.
- Ripple denies IPO plans for 2025 but strategic business moves fuel IPO speculations.
- Ripple initiates a $700 million share buyback, a move often seen before an IPO.
- Ripple's acquisitions of Hidden Road and Metaco aim to enhance services for institutional clients.
- Attorney John Deaton highlights the importance of timing for Ripple's IPO, aiming for a high valuation.
- XRP trading at $2.15 with potential market cap projection reaching $100 billion under favorable conditions.
- XRP price remains stable around $2 despite Ripple IPO discussions.
- Institutional interest in XRP grows, evidenced by VivoPower's $121M XRP treasury allocation.
- Ripple's IPO plans for 2025 are officially off, but ongoing business expansions suggest preparation for a future debut.
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19 Likes
TheNewsCrypto
2w
122
SEI Price Explodes 30% as Bulls Break Key Resistance Level
- SEI surged 30% in 24 hours, breaking above the 200-day EMA resistance at $0.26 after months of sideways movement.
- The Supertrend indicator turned green, indicating a bullish momentum shift from a strong support level of $0.17-$0.20.
- SEI's price exhibits strong bullish signals on technical indicators, rising 30% in the last 24 hours, reaching $0.2639.
- The recent Supertrend indicator change to green signals a shift to a bullish momentum after holding strong support at $0.17-$0.20.
- SEI's breakout above the 200-day EMA at around $0.26 suggests significant buyer interest.
- A decisive upward movement is forming as SEI surpasses the crucial 200-day EMA resistance, attracting retail and institutional investors.
- Supporting indicators like RSI and MACD suggest further upward potential with bullish momentum.
- The recent swing low at $0.20 serves as a logical stop-loss level for bullish positions on SEI.
- Sustaining above the 200-day EMA could trigger a potential rally towards $0.35-$0.40, offering a 30%-50% gain.
- Multiple bullish indicators, including the Supertrend reversal and MACD confirmation, paint a positive technical picture for SEI's future trajectory.
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Bitcoinist
2w
39
Image Credit: Bitcoinist
CoinShares Reports $1.24B in Weekly Crypto Inflows, Marking 10 Straight Weeks of Gains
- CoinShares reported $1.24 billion in weekly crypto inflows, marking 10 straight weeks of gains.
- Total year-to-date inflows reached $15.1 billion amidst market fluctuations.
- Inflows tapered due to the US Juneteenth holiday and US-Iran geopolitical concerns.
- Bitcoin and Ethereum products led institutional interest in the digital asset market.
- Bitcoin received $1.1 billion in inflows, while Ethereum saw $124 million entering the market.
- Ethereum’s streak of positive sentiment over nine weeks amounted to $2.2 billion.
- Modest inflows were seen in altcoins like Solana and XRP-based products.
- US investors led in inflows, with Canada and Germany also recording net inflows.
- Hong Kong and Switzerland experienced outflows, indicating regional divergence.
- The US market's dominance in inflows was tempered by a slowdown in the latter half of the week.
- Institutional comfort with crypto investments is growing, reflected in the YTD figure of $15.1 billion.
- Regulatory discussions and approvals for digital asset products continue across major markets.
- CoinShares data suggests ongoing institutional engagement amidst market uncertainties.
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