News

Bitcoin has been rising for two weeks and reclaimed the $90,000 level, but Bitfinex analysts warn of weakening demand and the risk of a price drop, with 5 to 7 million bitcoin currently in loss.

The U.S. Commodity Futures Trading Commission (CFTC) has launched a pilot program allowing Bitcoin, Ethereum, and USDC to be used as collateral for derivatives trading, a move expected to attract institutional capital back to the U.S.

Two analysts present bullish cases for XRP at key price levels, though bearish scenarios remain possible despite favorable market conditions.

A popular analyst has identified a chart pattern in XRP that mirrors its 2017 rally, suggesting a potential surge to $10. The pattern has reignited interest in XRP as market attention shifts towards altcoins.

A new US labor market indicator is shifting towards neutral, signaling a potential economic cooldown. This could trigger short-term risk-off pressure on Bitcoin, but may pave the way for Federal Reserve easing, which could be beneficial in the medium term.

XRP’s price decline has pushed investor sentiment to ’extreme fear,’ a level that has historically been followed by significant price surges, despite recent whale selling and a lackluster reaction to new ETF inflows.

The new XRP ETF has seen nearly $900 million in inflows, setting records, yet the XRP price has declined to around $2.03. This contrasts with the price rallies seen by Bitcoin and Ethereum after their own ETF launches, leaving investors wondering what’s behind the divergence.

XRP is caught between two forces as whales dump 510 million tokens while institutional ETF inflows provide support. The price hovers around the psychological $2 level, with technical analysis suggesting more downside risk unless it breaks above $2.11.

The Dutch government’s new tax plan may eliminate the ‘buffelboete’, giving lower-income workers up to €230 more per year, while higher incomes still see gains.

Bloomberg ETF expert Eric Balchunas argues that comparing Bitcoin to the 17th-century Dutch tulip mania is flawed, citing Bitcoin’s resilience over 17 years and multiple market cycles, unlike the short-lived tulip bubble.