Cryptocurrency

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In market terms, such a signal is often interpreted as a precursor to an upward move or the strengthening of an ongoing trend. The divergence aligns with what XRP has already demonstrated: a strong performance that outpaces much of the market, including Bitcoin.XRP has been on a roll lately. Since November, it has surged almost 500%, which is pretty impressive compared to most other assets. In fact, in its pairing with BTC, XRP has climbed 260% in the same period. Right now, it is valued at around 0.00031 BTC per XRP, which shows steady progress for this altcoin.The trend does not just stop with Bitcoin. XRP has also been strong against the U.S. dollar and stablecoins. In fact, XRP has surged by more than 10% in just one day, bouncing back from a slight dip in the previous session. That little dip was short-lived, as buyers stepped in quickly, pushing the cryptocurrency back to levels near its all-time high against USD.Still, history provides perspective. The peak of XRP’s value versus Bitcoin remains untouched since May 2017. That milestone sits roughly 700% higher than current levels, a reminder of both the scale of the past and the potential for the future.The situation is anything but ordinary. XRP’s ability to bounce back and keep growing shows a market that is confident in its trajectory. Traders see the bullish signals as part of a bigger story — a cryptocurrency finding strength where others stumble.This article was originally published on U.Today More

The message was clear: “You’ve been wrong about everything for over 15 years. Why does anyone still listen to you?” Schiff’s response offered an interesting take on why some people, even if they do not agree with him on Bitcoin, still find value in his views.He said that even if he has been wrong about Bitcoin, he has been right about a lot of other things in the financial world. Schiff says that his track record of getting things right — like gold prices and broader economic trends — is what made a lot of people decide to buy BTC in the first place. These people trusted his other insights and relied on his overall understanding of the financial markets, even if they did not agree with the expert’s thoughts on cryptocurrency.Considering how much of a gold advocate he has been all along, and the fact that the cryptocurrency is perceived as “digital gold” by many, including Fed head Jerome Powell, everything Schiff attributed to the precious metal in terms of inflation could be extrapolated to Bitcoin as the same financial tool.In this case, Schiff’s comments about inflation and how to save money when it is skyrocketing may have prompted some to buy Bitcoin.This article was originally published on U.Today More

At the current exchange rate, this amount of Ripple-affiliated coins is valued at $327,484,478 as the XRP is changing hands at $3.27 per coin.According to the chart, over the two previous days, whales sold a significant amount of XRP: “Whales bought over 100 million $XRP in the last 48 hours.”These 100 million XRP were purchased as the third biggest cryptocurrency by size of the market capitalization plunged, losing more than 10% – from approximately $3.27 to $2.92. Today, XRP witnessed a massive increase of more than 14% as it skyrocketed from $2.92 to the $3.33. XRP followed the Bitcoin price trajectory as the largest cryptocurrency reached a new all-time high of $109,114. By now, BTC has shed some of its today’s profits and is trading at $107,468.While the community took this deposit as a bullish sign, Bithomp XRP-focused data platform revealed that the transfer had in fact been conducted by a wallet associated with Binance. Therefore, it was an internal crypto transaction.This article was originally published on U.Today More

The crypto, which was launched on January 20, experienced a substantial trading volume that contributed to its rapid ascent, while Bitcoin also reached a record high just hours before Trump’s inauguration.The “meme coin,” as it is colloquially known, witnessed a meteoric rise from under $10 on Saturday morning to a peak of $74.59, although it later retracted some of those gains. The launch included branding that features an image from a July assassination attempt on Trump, marking an expansion of his ventures into the cryptocurrency space through World Liberty Financial.In related news, Melania Trump introduced her own cryptocurrency, $MELANIA, on Sunday. It too experienced a significant price surge, quickly achieving a market capitalization exceeding $1 billion. The majority of $Trump tokens, about 80%, are held by CIC Digital, which is affiliated with Trump’s business endeavors, and another entity named Fight, Fight, Fight. The official website for $Trump states that the coins represent “an expression of support for, and engagement with, the ideals and beliefs embodied by the symbol ‘$TRUMP'” and clarifies that they should not be considered an investment or a security.The crypto payment app Oobit announced that $Trump is now usable for tap payments, allowing for everyday purchases with the Solana-based memecoin. This development was highlighted with the notion of using $Trump to pay for items at fast-food chains, such as McDonald’s (NYSE:MCD), with a tweet suggesting the ease of saying, “I’ll pay with TRUMP,” at the checkout.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

This spike in searches suggests that more people are becoming curious about how to purchase top assets like Bitcoin. The surge could have been triggered by news about the bullish run that pushed Bitcoin to $109,000. This has created a general hype outside the crypto space, prompting new investors to explore how to get in.Davis’s mention of retail indicates Bitcoin may witness a resurgence of individuals and nonprofessional investors. Notably, these investors are key to the crypto market as their renewed interest could signal a broader market revival for the leading digital asset.Primarily, a surge in retail investors usually leads to a spike in trading volume and market activity in general. In the crypto industry, retail interest in an asset usually precedes significant price movement. Hence, Davis highlights the possibility of further growth for Bitcoin on the back of this renewed public interest.As reported by U.Today, the odds of the new U.S. president announcing a Strategic Bitcoin Reserve increased to as high as 70%.Robert Kiyosaki, renowned author and Bitcoin investor, has called on his followers to buy more BTC. He predicts the asset could reach staggering price levels of $250,000 this year. Kiyosaki has even suggested that investors should HODL their assets and buy more.This article was originally published on U.Today More

The next 500 BTC transaction worth $54,305,084 also left the trading platform in less than 15 minutes. There are no indications that this is a dormant whale that has come alive, as the wallets have recent records of large transactions. In total, these three transactions were worth $162,502,588.Despite the high price outlook of Bitcoin, the coin remains a favorite among high-net-worth individuals. While many might insinuate that the coin is currently overbought, these whales believe in the “omega” rally propagated by Samson Mow.Should these three transactions be acquired, a long-term HODLing move could be initiated.Despite the high prices, Bitcoin’s technical strength also proves that a supply squeeze is ahead. Bitcoin mining has not matched up with demand since the last halving, placing BTC on a path toward a massive rally in the long term.This article was originally published on U.Today More

Much attention has been paid to the recent expansion of Solana’s meme coin industry. Massive trading volumes have been driven by these highly speculative assets attracting both new and returning investors to the larger cryptocurrency ecosystem. Together with its infrastructure improvements and ecosystem inflows, Solana’s growing activity generates a domino effect that improves Bitcoin’s price performance. The forecast for Bitcoin is encouraging. With more upside potential, Bitcoin is currently trading at $108,000 after recently breaking out of a significant resistance zone around $104,000. Consistent momentum is suggested by the volume’s steady increase and the breakout above the 50 EMA. Bitcoin has historically prospered during times when the cryptocurrency market is experiencing a surge in interest because institutional and retail participants see it as a safe harbor, in contrast to other erratic altcoins.CZ’s observation makes sense when considering the gateway effect of memecoins. The rise in speculative trading on meme coins raises interest in the cryptocurrency market and eventually directs funds and attention toward Bitcoin. Bitcoin, the industry’s mainstay, sees increased demand during marketwide rallies as a result of this inflow, creating a feedback loop. With support levels around $100,000 serving as a safety net, Bitcoin’s immediate resistance is located close to $112,000. Bitcoin may be about to see another big rally if the current momentum, which is being driven by meme coin traders, continues.This article was originally published on U.Today More