Author: Issac Lane
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Bitcoin Hits Three-Month Low Amid Market Manipulation Concerns
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BTC Price Drops to $85,000 Before Analysts Predict Rebound to $93,500 Bitcoin (BTC) has reached its lowest level in over three months, falling to $85,341 on February 26 as market pressures and suspected manipulation continue to weigh on its price. However, analysts remain optimistic, forecasting a potential recovery in the coming weeks. Market Manipulation and…
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XRP Price Surges 7% Amid Market Recovery and Ledger Upgrade Proposal
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XRP has witnessed a strong price rebound, surging 7% on 26 February as the broader cryptocurrency market shows signs of recovery. This comes amid Ripple’s proposal for a significant upgrade to the XRP Ledger (XRPL), which could enhance its functionality and attract more investors. XRP Gains Amid Market Volatility The price of XRP has recovered…
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Crypto Market Declines Amid Bybit Hack and Investment Outflows
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The cryptocurrency market has faced a sharp downturn today, with total market capitalisation dropping by 3% to approximately $3.1 trillion on 24 February. Several factors have contributed to this decline, including continued investment outflows and the fallout from the recent Bybit hack. Bybit Hack and Market Correction The downturn is linked to the repercussions of…
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Bybit Confirms Hack as Over $1.4 Billion Worth of ETH Stolen
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Singapore-Based Crypto Exchange Suffers Major Security Breach Bybit, the Singapore-based centralised cryptocurrency exchange, has confirmed that it has been hacked, with early estimates indicating losses exceeding $1.4 billion worth of Ethereum (ETH) and other significant token quantities. The exchange’s CEO, Ben Zhou, revealed the breach on social media platform X, stating that the situation remains…
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Solana Sees 40% Decline in User Activity as Memecoin Scams Erode Trust
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Capital Outflows Shift to Ethereum and Arbitrum Solana has experienced a significant decline in user activity, with a 40% drop in active addresses amid increasing scams and rug pulls in its memecoin sector. The resulting loss of confidence is driving capital outflows to competing blockchains such as Ethereum and Arbitrum. However, analysts suggest that this…
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XRP Price Surges Following Approval of Spot ETF in Brazil
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XRP Outperforms Broader Crypto Market XRP has recorded a notable rally, gaining 5% in the past 24 hours to trade above $2.67, outperforming the broader cryptocurrency market. In comparison, the global crypto market capitalisation has seen a modest 1.6% increase, reaching $3.23 trillion. The surge in XRP’s price follows a landmark decision by Brazil’s securities…
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Crypto Firms Rally Behind Ted Cruz to Block DeFi Broker Rule
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Blockchain Industry Urges Congress to Repeal IRS Regulation The Blockchain Association, representing 76 cryptocurrency firms, has urged Congress to support Senator Ted Cruz in repealing the Internal Revenue Service’s (IRS) decentralized finance (DeFi) broker rule. The association argues that the rule threatens US crypto innovation and places an undue burden on blockchain companies. On 19…
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XRP Price Faces Uncertainty Amid Bearish Signals
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XRP Bulls Aim to Reclaim Key Support Level XRP’s price has experienced a significant decline from its recent high of $2.83 on 15 February, breaking below key support levels and raising concerns among traders about further downturns. The altcoin has now lost the crucial 50-day simple moving average (SMA) for the second time in two…
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Bitcoin Bull Market Can Withstand $77K Price Drop in 2025, Says Analyst
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CryptoQuant CEO Dismisses Bear Market Concerns Bitcoin’s bull market remains intact even if the cryptocurrency experiences a sharp decline to $77,000 in 2025, according to CryptoQuant CEO Ki Young Ju. In a series of posts on X (formerly Twitter) on 19 February, Ki reassured investors that a 30% drop from Bitcoin’s all-time high (ATH) would…
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XRP Price Forms ‘Cup-and-Handle’ Pattern, Signalling Potential 25% Gains
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Technical Chart Suggests a Bullish Breakout Toward $3.40 XRP’s latest market movement has formed a classic cup-and-handle pattern on its four-hour price chart, a bullish indicator that could drive the price above $3.00. As exchange outflows increase, reducing selling pressure, traders anticipate a sustained recovery in XRP’s value. Exchange Outflows Strengthen Bullish Sentiment The XRP/USD…