Ethereum Tries To Gather Momentum After CPI Report 🚨
However, cryptocurrencies are lagging this risk-on rally.While Bitcoin rebounded since its past week $108,000 lows, Ethereum is still trying to regain upside momentum.
Read more : https://www.fastbull.com/institution-article/ethereum-tries-to-gather-momentum-after-cpi-report-4343530_0
However, cryptocurrencies are lagging this risk-on rally.While Bitcoin rebounded since its past week $108,000 lows, Ethereum is still trying to regain upside momentum.
Read more : https://www.fastbull.com/institution-article/ethereum-tries-to-gather-momentum-after-cpi-report-4343530_0
Fastbull
Ethereum Tries To Gather Momentum After CPI Report - FastBull
However, cryptocurrencies are lagging this risk-on rally.While Bitcoin rebounded since its past week $108,000 lows, Ethereum is still trying to regain upside momentum.
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Bank of England stablecoin limits slammed by UK crypto groups: Report🚨
UK crypto and payments groups have urged the Bank of England to drop plans to cap individual stablecoin holdings, claiming the move would be costly and hard to enforce.
United Kingdom-based cryptocurrency industry advocacy groups have called on the Bank of England not to proceed with its plans to limit individual stablecoin holdings.
Read full article at https://cointelegraph.com/news/uk-crypto-groups-oppose-bank-of-england-stablecoin-cap
UK crypto and payments groups have urged the Bank of England to drop plans to cap individual stablecoin holdings, claiming the move would be costly and hard to enforce.
United Kingdom-based cryptocurrency industry advocacy groups have called on the Bank of England not to proceed with its plans to limit individual stablecoin holdings.
Read full article at https://cointelegraph.com/news/uk-crypto-groups-oppose-bank-of-england-stablecoin-cap
Cointelegraph
Bank of England stablecoin limits slammed by UK crypto groups: Report
Industry groups in the UK have called on the Bank of England to scrap plans for stablecoin holding caps, arguing the policy would raise costs and prove difficult to implement.
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Bank of England stablecoin limits slammed by UK crypto groups: Report🚨
UK crypto and payments groups urged the Bank of England to drop plans to cap individual stablecoin holdings, claiming the move would be costly and hard to enforce.
United Kingdom-based cryptocurrency industry advocacy groups called on the Bank of England not to proceed with plans to limit individual stablecoin holdings.
In a November 2023 discussion paper, the bank floated setting individual caps on digital pounds between 10,000 British pounds ($13,558) and 20,000 pounds and asked for feedback on a possible lower limit of 5,000 pounds.
Read full article at https://cointelegraph.com/news/uk-crypto-groups-oppose-bank-of-england-stablecoin-cap
UK crypto and payments groups urged the Bank of England to drop plans to cap individual stablecoin holdings, claiming the move would be costly and hard to enforce.
United Kingdom-based cryptocurrency industry advocacy groups called on the Bank of England not to proceed with plans to limit individual stablecoin holdings.
In a November 2023 discussion paper, the bank floated setting individual caps on digital pounds between 10,000 British pounds ($13,558) and 20,000 pounds and asked for feedback on a possible lower limit of 5,000 pounds.
Read full article at https://cointelegraph.com/news/uk-crypto-groups-oppose-bank-of-england-stablecoin-cap
Cointelegraph
Bank of England stablecoin limits slammed by UK crypto groups: Report
Industry groups in the UK have called on the Bank of England to scrap plans for stablecoin holding caps, arguing the policy would raise costs and prove difficult to implement.
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Polkadot DAO approves 2.1B token cap on DOT supply in tokenomics shift🚨
Polkadot said that under the old tokenomics model, the total supply of DOT could swell to more than 3.4 billion tokens by 2040.
Polkadot’s decentralized autonomous organization (DAO) has passed a referendum approving a hard cap on the network’s native token for the first time.
The decision sets the maximum supply at 2.1 billion Polkadot tokens, a significant pivot from the previous tokenomics model, where new tokens were indefinitely issued yearly. Under the old inflationary model, Polkadot minted about 120 million DOT tokens annually, with no limit on the token’s total supply.
Read full article at https://cointelegraph.com/news/polkadot-dao-approves-2-1b-hard-cap-dot-supply
Polkadot said that under the old tokenomics model, the total supply of DOT could swell to more than 3.4 billion tokens by 2040.
Polkadot’s decentralized autonomous organization (DAO) has passed a referendum approving a hard cap on the network’s native token for the first time.
The decision sets the maximum supply at 2.1 billion Polkadot tokens, a significant pivot from the previous tokenomics model, where new tokens were indefinitely issued yearly. Under the old inflationary model, Polkadot minted about 120 million DOT tokens annually, with no limit on the token’s total supply.
Read full article at https://cointelegraph.com/news/polkadot-dao-approves-2-1b-hard-cap-dot-supply
Cointelegraph
Polkadot DAO Approves 2.1B Hard Cap on DOT Supply
Polkadot's DAO passed a referendum approving a hard cap of 2.1 billion on its native token for the first time.
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XRP price rally stalls with $3 fakeout as big investors continue to sell🚨
Whale selling and a reduction in XRP ledger activity over the past two months increased the downside potential for XRP price to drop toward $2.
XRP price has been forming a descending triangle pattern on its daily chart since its rally to $3.66 multi-year highs, characterized by a flat support level and a downward-sloping resistance line.
The recent breakout above the triangle’s upper trendline was a fakeout as bulls struggled to keep the price above $3, signaling a lack of strength.
Read full article at https://cointelegraph.com/news/xrp-price-rally-stalls-3-dollars-fakeout-big-investors-sell
Whale selling and a reduction in XRP ledger activity over the past two months increased the downside potential for XRP price to drop toward $2.
XRP price has been forming a descending triangle pattern on its daily chart since its rally to $3.66 multi-year highs, characterized by a flat support level and a downward-sloping resistance line.
The recent breakout above the triangle’s upper trendline was a fakeout as bulls struggled to keep the price above $3, signaling a lack of strength.
Read full article at https://cointelegraph.com/news/xrp-price-rally-stalls-3-dollars-fakeout-big-investors-sell
Cointelegraph
XRP Drops Below $3 as Whales Distribute and Network Activity Falls
XRP price could drop back toward $2 in the short term after failing to hold above $3.
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ACE/USDT 1HR TF Possible move
(Not a Signal)
❗️Trade at your own risk❗️
Ace forming a possible symmetrical wedge pattern on 1hour timeframe. A symmetrical wedge is a chart pattern in technical analysis that forms when the price of an asset consolidates between two converging trendlines with similar slopes. Also known as a symmetrical triangle, this pattern shows that the market is experiencing a period of uncertainty and decreasing volatility, as buyers and sellers reach a temporary balance. See chart above for analysis.
(Not a Signal)
❗️Trade at your own risk❗️
Ace forming a possible symmetrical wedge pattern on 1hour timeframe. A symmetrical wedge is a chart pattern in technical analysis that forms when the price of an asset consolidates between two converging trendlines with similar slopes. Also known as a symmetrical triangle, this pattern shows that the market is experiencing a period of uncertainty and decreasing volatility, as buyers and sellers reach a temporary balance. See chart above for analysis.
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DOGE/USDT 1D TF Possible move
📈(Not a Signal)📉
‼️Trade at your own risk‼️
DOGE forming a possible rising wedge pattern on daily timeframe. A rising wedge pattern is a bearish technical analysis pattern indicating a potential price reversal to the downside. It's characterized by converging trendlines, with both the support and resistance lines sloping upwards, and is typically formed during an uptrend. See chart above for analysis
📈(Not a Signal)📉
‼️Trade at your own risk‼️
DOGE forming a possible rising wedge pattern on daily timeframe. A rising wedge pattern is a bearish technical analysis pattern indicating a potential price reversal to the downside. It's characterized by converging trendlines, with both the support and resistance lines sloping upwards, and is typically formed during an uptrend. See chart above for analysis
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Coinbase says stablecoins not draining bank deposits, calls it a ‘myth’🚨
Coinbase rejected claims that stablecoins drain US bank deposits, arguing most activity happens overseas and boosts the US dollar’s global strength.
Coinbase pushed back against claims that stablecoins threaten the US banking system, calling the idea of “deposit erosion” a myth.
Read full article at https://cointelegraph.com/news/coinbase-stablecoins-myth-of-deposit-erosion
Coinbase rejected claims that stablecoins drain US bank deposits, arguing most activity happens overseas and boosts the US dollar’s global strength.
Coinbase pushed back against claims that stablecoins threaten the US banking system, calling the idea of “deposit erosion” a myth.
Read full article at https://cointelegraph.com/news/coinbase-stablecoins-myth-of-deposit-erosion
Cointelegraph
Coinbase says stablecoins not draining bank deposits, calls it a ‘myth’
Coinbase dismissed claims that stablecoins threaten US banks, calling deposit flight fears overblown and claiming that stablecoins reinforce dollar dominance.
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Bitcoin price taps $117K as traders brace for Fed rate cuts🚨
Bitcoin rose above $117,000 as investors braced for Jerome Powell’s post-FOMC speech that could see volatile swings toward key BTC price levels.
Bitcoin rose to a four-week high above $117,000 on Wednesday, as traders expect price swings before and after the US policy decision on interest rate cuts.
Read full article at https://cointelegraph.com/news/bitcoin-price-taps-117k-traders-brace-for-fed-rate-cuts
Bitcoin rose above $117,000 as investors braced for Jerome Powell’s post-FOMC speech that could see volatile swings toward key BTC price levels.
Bitcoin rose to a four-week high above $117,000 on Wednesday, as traders expect price swings before and after the US policy decision on interest rate cuts.
Read full article at https://cointelegraph.com/news/bitcoin-price-taps-117k-traders-brace-for-fed-rate-cuts
Cointelegraph
Watch These Bitcoin Price Levels Ahead of Fed Chair Powell’s Speech
Will Bitcoin price finally break $118,000 after Powell’s comments on rate cuts, or will it slide back into the $116K-$114K range?
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