Author: Issac Lane
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Ethereum Price Surges Amid Pectra Upgrade Excitement and ETF Inflows
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Ethereum (ETH) is leading the cryptocurrency market surge on 6 February, posting a 4% daily gain to trade above $2,800. While the overall crypto market capitalisation has risen by just 0.65% in the last 24 hours to reach $3.23 trillion, ETH’s outperformance is being driven by a combination of factors. These include increasing investor interest…
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XRP Analysts Predict $5 Surge, Long-Term Target of $18
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Bullish Forecast Despite Recent Pullback XRP price analysts remain optimistic about the cryptocurrency’s long-term potential, with projections suggesting a rally towards $5 in the near future and a possible surge to $18 if bullish momentum prevails. Despite a recent dip, market experts believe XRP’s price action aligns with a classic Elliott Wave structure, which could…
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Bybit Fined $1M by India’s Financial Regulator Over Compliance Violations
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Crypto Exchange Penalised for Failing to Register Under Money Laundering Laws Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has been fined 9.27 crore rupees ($1.06 million) by India’s Financial Intelligence Unit (FIU) for failing to comply with the country’s anti-money laundering regulations. The penalty was issued under the Prevention of Money Laundering Act…
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Crypto Market Faces $10 Billion Liquidation Amid Tariffs and Regulatory Shifts
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The cryptocurrency market has faced a sharp downturn, with widespread liquidations reaching an estimated $10 billion, according to Bybit CEO Ben Zhou. Major altcoins, including Ether, suffered significant losses as global economic concerns intensified following US President Donald Trump’s latest trade tariffs. Meanwhile, India is reconsidering its regulatory stance on digital assets to keep pace…
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Ethereum Needs Stronger Blockchain Activity to Regain $4,000
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Ethereum Faces Key Resistance at $3,400 as Analysts Predict a Potential Rebound Ethereum must see increased blockchain activity and wider adoption to reclaim its previous highs, analysts have said, as the cryptocurrency struggles to break past key resistance levels. Ether (ETH) has been on a downward trajectory for nearly six weeks, dipping below the psychological…
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Bitcoin’s February Momentum Hinges on US Labour Market Data
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Key Economic Report Expected to Impact BTC Price Bitcoin’s price movement in February is set to be influenced by the upcoming US labour market report, with analysts closely monitoring its impact on investor sentiment and Federal Reserve policy expectations. The US Bureau of Labor Statistics will release its latest labour market data on 7 February,…
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Bitcoin Retail Investors Cash Out $625M as Whales Hold Firm
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Retail Traders Sell While Whales Wait Retail Bitcoin investors have sent approximately 6,000 BTC—worth around $625 million—to Binance this month, signalling a wave of profit-taking among smaller holders. However, data from on-chain analytics platform CryptoQuant, published on 31 January, suggests that whale investors remain cautious, holding off on major sales despite Bitcoin’s ongoing bull run.…
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XRP Faces Potential Correction Amidst Bullish Prospects
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XRP Price Analysis: Will the Market See Another Drop? XRP has experienced a pullback following its recent rally, with signs suggesting the price may be topping out. The cryptocurrency recently dropped 4% in value, trading as low as $3.02 on January 29. Market indicators now suggest the possibility of a further decline, even as a…
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Crypto Mobile Wallets Hit 36 Million as Retail Adoption Surges
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The number of active cryptocurrency mobile wallet users has reached an all-time high, reflecting a growing shift from passive ownership to active engagement in the crypto space. Record-Breaking Growth in Mobile Wallets Mobile cryptocurrency wallets hit a new milestone, surpassing 36 million users in the fourth quarter of 2024, according to Coinbase’s latest crypto market…
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XRP Price Surges 12% Amid Ripple’s Regulatory Milestones
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XRP has experienced a remarkable 12% surge over the last 24 hours, trading at $3.11 as of January 28. This bullish momentum follows Ripple’s successful acquisition of Money Transmitter Licenses (MTLs) in New York and Texas, alongside other favourable market dynamics. The cryptocurrency rebounded from a low of $2.66 on January 27, peaking at $3.21…