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Cryptocurrency News
Zycrypto
7d
29
Image Credit: Zycrypto
Ripple’s XRP Enters Local Distribution Phase as Whales Unload at Record Breaking Levels
- XRP is in a local distribution phase as large holders unload accumulated assets at record levels.
- The distribution phase follows the accumulation and markup phases, with increased hope, greed, and fear.
- On-chain metrics show a surge in trading volume as XRP holds support around the $2 price level.
- XRP has seen daily gains cross 5% and ranks as the highest weekly gainer, with 8.10% in gains.
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TheCryptoBasic
7d
58
Image Credit: TheCryptoBasic
Ethereum User Pays $129,000 in Fees for a Single Transfer
- A user on the Ethereum network paid a fee of 58.76 ETH, equivalent to $129,139, for a single transfer of 285.85 WETH.
- The high transaction fee has raised concerns about Ethereum's cost structure and transaction efficiency, particularly in relation to fluctuating gas fees.
- Despite recent fee decreases, Ethereum's total fees have shown volatility, with a significant decline over the past 30 and 90 days.
- Solana, a competing blockchain, has shown lower transaction costs and higher throughput compared to Ethereum.
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The Fintech Times
7d
295
Innovate Finance Acquires Digital Pound Foundation With Plans to Shape the Future of Digital Money
- Innovate Finance has acquired the Digital Pound Foundation, an independent organization working towards the implementation of a digital pound.
- Together, they aim to lead the future of digital money in the UK and globally.
- The partnership seeks to position the UK as a global center for digital assets and money, with a strong regulatory regime for stablecoin innovation.
- Under Innovate Finance, the Digital Pound Foundation will continue to drive financial innovation and contribute to the development of a dynamic and sustainable economy.
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Cryptoninjas
7d
283
Image Credit: Cryptoninjas
Belarus Eyes Crypto Mining Boom Amid Electricity Surplus
- Belarus is considering becoming a potential crypto mining hub, utilizing its surplus electricity
- The country's cheap electricity prices make it an attractive location for miners seeking to reduce operational costs
- The move is in line with global trends, including the US's increasing embrace of cryptocurrencies
- Regulatory clarity, geopolitical stability, and environmental sustainability remain important factors for the future of crypto mining in Belarus
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Coinjournal
7d
229
Image Credit: Coinjournal
Bitcoin staking platform Solv Protocol partners with Ethereum L2 Soneium
- Solv Protocol has partnered with Soneium for BTC staking on Ethereum L2.
- SolvBTC holders can stake, earn rewards, and use advanced yield strategies.
- Soneium's $45M TVL and 47M transactions boost DeFi growth with Solv.
- The partnership aims to extend Bitcoin's utility and integration into the world of decentralized finance.
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99Bitcoins
7d
87
Analysts Predict ONDO Crypto Will Reverse Above $2: Could ONDO Hit a $90T Future Market Cap?
- Ondo Finance's token ONDO is rebounding and has surged 15% in the past 24 hours.
- The token, ranking among the top RWA tokenization projects, shows potential to break $2.
- Ondo Finance aims to target the $90 trillion bonds and equities market with its RWA tokenization platform.
- Tokenization is predicted to become a trillion-dollar market by 2030, as per BlackRock Chairman Larry Fink.
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99Bitcoins
7d
41
Will This Proposal Block Crypto Laundering On THORChain After Bybit Hack?
- Bybit lost over $1.4 billion worth of ETH after hack
- A big chunk of ETH converted to BTC on THORChain as hackers laundered funds
- Developer wants to block this from happening in the future
- THORChain taking a reputational hit following the Bybit hack
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99Bitcoins
7d
370
BTC: Technical and Price Analysis Amid Trump’s Crypto Buzz
- The upcoming presidential crypto summit has significantly increased hope in the markets, resulting in a jump in BTC price from $78,300 to $95,000 in two days.
- BTC price is currently in a bullish trend with key levels holding well, including MA, RSI, and Fib retested, and the gap filled.
- The target for BTC is to reclaim the $92,000 level, and the Trump Crypto summit buzz could push the price higher.
- Technical analysis indicates that BTC has potential for upward continuation, with indicators signaling a shift in trend.
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The Fintech Times
7d
163
Emirates NBD’s Liv Unveils New Crypto Offering for UAE Customers in Mobile Banking App
- Emirates NBD’s Liv, the UAE-based digital bank, has launched a new crypto offering through its mobile banking app.
- In partnership with Aquanow, Liv enables customers to buy, sell, and trade cryptocurrencies within the app.
- The move aims to consolidate Liv's position as a pioneer in the banking space and capitalizes on the growing crypto adoption in the UAE.
- Liv's product portfolio includes various first-in-the-region offerings, positioning the bank ahead of the market.
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Financemagnates
7d
0
Image Credit: Financemagnates
Why Bitcoin Is Going Up? BTC Price Rises for the 3rd Session, Two Buy Signals on the Crypto Chart
- As of Thursday, March 6, 2025, Bitcoin price is at $91,264, marking a 6% rebound from its February low of $83,000 amid easing trade tensions and renewed institutional confidence.
- Bitcoin prices are rising for the third consecutive session, reaching $92,790, supported by positive momentum in the market that is also affecting altcoins like Ethereum, XRP, Solana, and Dogecoin.
- Current market dynamics show Bitcoin price at $91,264, with a weekly market cap increase of 5.9%, Fear & Greed Index at 25 (Extreme Fear), and DeFi Total Value Locked rebounding to $98B.
- Bitcoin's recent rebound is attributed to factors like tariff relief, institutional accumulation signals, technical re-entry patterns, and regulatory tailwinds, leading to a 10% recovery to $91,264 by March 6.
- Various Bitcoin price forecasts for 2025 vary from a bull case of $180,000–$250,000 by Fundstrat and Standard Chartered to a bear case of $70,000–$85,000 by BitMEX and Glassnode.
- Bitcoin's price action signifies its growth into a macro asset class, with institutional adoption, regulatory clarity, and macroeconomic factors contributing to its bullish outlook.
- Forecasts suggest Bitcoin could reach $200,000 in 2025 with strong demand and adoption, but conservative estimates place it between $120,000 and $150,000 by the end of the year.
- The recent price recovery is driven by factors like trade war easing, institutional buying, and technical indicators showing accumulation, with former President Donald Trump's tariff delay playing a significant role.
- If you had bought $1 of Bitcoin in March 2015 at around $250, it would now be worth $365 at the current price of $91,264, reflecting a significant increase of over 36,000%.
- Bitcoin's evolution from a niche asset to a recognized store of value has led to bullish price forecasts for 2025, combining institutional demand and regulatory support.
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99Bitcoins
7d
187
Hoskinson Says He Had No Prior Knowledge Of Trump Including ADA In Crypto Reserve
- Cardano founder Charles Hoskinson was unaware of ADA's inclusion in Trump's proposed crypto reserve.
- Hoskinson and his team had no prior discussions or knowledge about Cardano's selection.
- ADA's price surged 76% after the announcement but quickly dropped 30%, leading to skepticism.
- Hoskinson criticized political endorsements and questioned the impact of the upcoming White House roundtable.
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99Bitcoins
7d
200
Raoul Pal: Weakening US Dollar Could Fuel Crypto Surge In Q2
- A declining US dollar could trigger a strong crypto market rally in the second quarter of the year, according to Real Vision CEO Raoul Pal.
- Historically, Bitcoin has performed well in the second quarter, averaging returns of 26.89% since 2013.
- Raoul Pal predicts a weaker U.S. dollar could drive a strong crypto rally in Q2.
- Bitcoin may face resistance at $94,000 with the upcoming Federal Reserve decision on interest rates.
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Newsbtc
7d
183
Image Credit: Newsbtc
Ethereum Flashing Bullish Signals, But Rising Exchange Reserves Raise Concerns – Details
- Ethereum is flashing multiple bullish signals, including following the Wyckoff Reaccumulation Pattern, indicating a potential price reversal.
- Bullish divergence in Ethereum's 4-hour chart and whale activity contribute to the positive sentiment surrounding ETH.
- On the bearish side, ETH reserves on exchanges have been rising, increasing selling pressure.
- Despite bearish sentiment, the possibility of a surprise rally is not ruled out. At present, ETH trades at $2,200, up 6% in the past 24 hours.
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The Fintech Times
1w
292
Ozean Teams up With First Digital to Provide Stablecoin Solutions to Projects Tokenising RWAs
- Ozean has partnered with First Digital to provide stablecoin solutions to projects tokenizing Real-World Assets (RWAs).
- Through the partnership, Ozean's accelerator program, WaveMaker, will grant projects access to First Digital's licensed digital asset custody and the First Digital USD (FDUSD) stablecoin ecosystem.
- WaveMaker streamlines the tokenization process of RWAs by offering expert support, fostering an ecosystem of issuers, investors, and service providers to promote liquidity, accessibility, and capital efficiency.
- First Digital plans to offer efficient and compliant global expansion, cross-border payments, and trade settlements through its portfolio of stablecoins, including FDUSD, a 1:1 USD-backed stablecoin with a market cap exceeding $2 billion.
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Newsbtc
1w
83
Image Credit: Newsbtc
Ethereum Surges Nearly 10% As MVRV Ratio Drops Below 1—Bigger Rally Incoming?
- Ethereum's price increased by 10% in the past 24 hours, following a broader market correction.
- On-chain data suggests ETH may enter an accumulation phase, with the MVRV ratio dropping below 1.
- Accumulation patterns and increased institutional holdings at key price levels could impact Ethereum's trajectory.
- Despite potential risks, Ethereum's outlook remains positive due to its strong market position and institutional interest.
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