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The Future of XRP After the Recent Price Drop
After undergoing a significant decline, breaching multiple crucial support levels, Ripple’s price has found stability near the important $0.5 mark. However, the cryptocurrency is currently in a sideways consolidation phase around this threshold, displaying minimal volatility. By Shayan The Daily Chart A detailed analysis of the daily chart indicates that after a substantial downward movement,…
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Tether Reveals Innovative Framework Going Beyond Stablecoins
Stablecoin issuing company Tether has released a new framework revealing its expansion into other areas in the blockchain space as it shifts its approach to financial empowerment. Henceforth, the firm will offer a range of infrastructure solutions, advancing beyond its USDT offering. According to an official release, Tether is venturing into four new business divisions:…
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Is Bitcoin Still Bullish? Key Indicators Change as Prices Decline
TL;DR Recent market corrections have led to a decrease in enthusiasm among traders, with discussions shifting from a “bull market” to a “bear market” mindset. However, this sentiment could ironically suggest an impending bullish trend.
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Bearish Warning Issued by JPMorgan and Goldman Sachs Ahead of Bitcoin Halving
Two of America’s largest banks are urging crypto investors to remain cautious around the upcoming Bitcoin halving, which analysts believe may not play out much like prior cycles. In a Wednesday report, JPMorgan predicted that Bitcoin’s price will not rise following the event, and is more likely to resume declines that began earlier this month.…
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Sam Altman’s Worldcoin to Launch Human-Focused L2 Blockchain
Worldcoin, the project co-founded by Open AI CEO Sam Altman, which uses iris-scanning technology to verify a user’s “humanness,” is planning to launch an Ethereum layer-2 blockchain prioritizing verified humans over bots. Worldcoin currently has more than 10 million users, with 50% of them having verified their human identities using the project’s Orb. An Anti-Bot…
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Could ADA be gearing up for a major move?
TL;DR Cardano’s ADA has significantly declined, currently priced around $0.45, reflecting a broader market downturn. However, analysts remain optimistic, with forecasts suggesting a rebound to $1 in the near term and possibly reaching higher milestones like $1.70 or even $10 under favorable conditions. ADA Ready for a Bull Run? Cardano’s ADA has underperformed in the…
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‘Bitcoin Halving’ Google Searches Hit All-Time High
Public interest in the ‘Bitcoin halving’ is gaining steam as Google searches for the term have now risen to their highest level in history. According to Google Trends data, interest in the term began steadily ramping up at the start of 2024. Beginning with a score of 9 in January, interest in the “bitcoin halving’…
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Bitcoin Price Drops Below $60,000 Following Reports of Explosions in Iran
The price of Bitcoin (BTC) fell back below $60K on Friday following reports of explosions occurring close to the airport in Isfahan, a city in Iran. SPECIAL OFFER (Sponsored) LIMITED OFFER 2024 for CryptoPotato readers at Bybit: Use this link to register and open a $500 BTC-USDT position on Bybit Exchange for free!
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Binance Prepares for Return to Indian Market after $2 Million Fine
Binance, previously banned by the Indian government, is poised to return after agreeing to pay a substantial fine of around $2 million. As per a report by ET, the largest cryptocurrency exchange in the world is gearing up to re-enter the Indian market under the oversight of the Financial Intelligence Unit (FIU) within the finance…
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Will BTC be Able to Stay Above $60K as $1.3B Bitcoin Options Approach Expiration?
There are approximately 21,800 Bitcoin options contracts due to expire on Friday, April 19. These derivatives have a notional value of around $1.33 billion, which is marginally lower than last week’s expiry event. Moreover, crypto markets have been tanking hard all week, with Bitcoin poised to lose its psychological price level of $60,000. Bitcoin Options…