Category: Crypto market

BTC, XRP Ready for Breakout as Institutional Interest Increases – Up or Down?

Posted on by Skerdian Meta

Ripple (XRP) and Bitcoin (BTC) have been consolidating for several days after the retreat, but we’re likely to see a breakout soon, with the upside being more favourable.

Price action has muted in XRP and BTC this week

Continue reading “BTC, XRP Ready for Breakout as Institutional Interest Increases – Up or Down?” →

Cryptocurrencies React Unevenly to Wall Street Declines

Posted on by Ignacio Teson

Cryptocurrencies saw price improvements on Tuesday, February 11, though Bitcoin (BTC) remained stagnant, slipping 1.17% to $96,230 over the past 24 hours, according to Binance.

The biggest gains came from Cardano (ADA), which surged up to 12%, driven by Grayscale’s request to launch the first spot Cardano ETF. Binance Coin (BNB) followed with a 4.5% increase, while SUI rose 4%. Meanwhile, other cryptocurrencies declined, with Toncoin, Bitget Token (-1.4%), and Hedera (-1.08%) leading the losses amid a sharp downturn on Wall Street and a muted market reaction to Jerome Powell’s statements.

[[BTC/USD-graph]]

Rumors of a New ETF

The U.S. Securities and Exchange Commission (SEC) approved spot Bitcoin (BTC) and Ethereum (ETH) ETFs based on the premise that the CME’s futures surveillance system would help prevent price manipulation. Although the CME has yet to list ADA futures, analysts at Bloomberg suggest a Litecoin (LTC) ETF has a 90% chance of approval this year.

Additionally, Ethereum (ETH) exchange-traded products (ETPs) outpaced Bitcoin (BTC) ETPs in fund inflows for the first time last week, driven by Ether’s drop below $2,700 on February 6. However, Bitcoin remains dominant, with nearly $6 billion in inflows in 2025—505% more than Ethereum ETPs.

Powell’s Remarks and Market Reaction

Federal Reserve Chair Jerome Powell addressed the Senate Banking Committee on Tuesday, avoiding any indication of imminent rate cuts. His comments reinforced the Fed’s stance from its January meeting, where it kept interest rates unchanged after three cuts in late 2024.

“Now that our policy stance is significantly less restrictive than before and the economy remains strong, we don’t need to rush to adjust our policy,” Powell stated.

He also cautioned against lowering rates “too quickly,” warning that it could “hinder progress on inflation.”

Markets remain focused on Powell’s congressional testimony, with analysts expecting a cautious approach as his policies will be influenced by the economic measures of President Trump. Powell may also face tough questions from Republican lawmakers.

Forex Signals Brief Feb 11: FED’s Powell Could Rattle Stock and Forex Markets

Posted on by Skerdian Meta

Today Jerome Powell will testify at Congress, which could send markets either way, depending on the FED’s outlook as trade tariffs kick in.

Powell will testify at the US Senate today

Continue reading “Forex Signals Brief Feb 11: FED’s Powell Could Rattle Stock and Forex Markets” →

Forex Signals Brief Feb 10: Trump, FED’s Powell, US Inflation to Set Tone for Stocks, Crypto and USD

Posted on by Skerdian Meta

This week we have the US CPI and PPI inflation data, FED’s Powell testifying at Congress and the unexpected comments from Donald Trump which will set the tome in financial markets, particularly the USD, stock markets and cryptocurrencies.

US inflation is expected to remain steady at 2.9%

Continue reading “Forex Signals Brief Feb 10: Trump, FED’s Powell, US Inflation to Set Tone for Stocks, Crypto and USD” →

Ethereum Under Pressure, SEC Pulls Brakes On ETH Options

Posted on by Olumide Adesina

The cryptocurrency industry is still beset by regulatory uncertainty.  Ethereum ETF options were anticipated to be a significant breakthrough, but the Securities and Exchange Commission (SEC) has just delayed its decision.

BlackRock’s iShares Ethereum Trust ETF (ETHA) options approval has been delayed by the Securities and Exchange Commission.

Nasdaq and BlackRock proposed a rule change that would allow options trading for their spot Ethereum ETF. The SEC must now determine by April 9 if the options can be approved.

The financial regulatory body declared it would take a while to approve or disapprove it. Options trading for BlackRock’s spot Bitcoin ETF was approved by the SEC in September of last year.

The trading of these options started in November. About half of Deribit’s open interest last month was made up of IBIT options, which proved a huge success and grew quickly. Data from Volmex shows that IBIT options had an open interest of over $13 billion,  55% of Deribit’s options’ open interest.

IBIT surpassed the likes of iShares 20+ Year Treasury Bond ETF (TLT) as one of the busiest ETF options markets soon after its debut. connected.

Mike Novogratz, the head of Galaxy Digital’s crypto funds, talks about how Ethereum has underperformed, compared to its main rivals, like Solana, XRP Bitcoin.

According to Novogratz, the Securities and Exchange Commission (SEC) and its now-former chairman Gary Gensler . have treated the altcoin prince poorly. In addition to the numerous legal threats, the latter put things off and was unable to determine whether the super altcoin was a security or commodity,

Japanese Financial Firm Rewards Shareholders With XRP

Posted on by Olumide Adesina

SBI Holdings rewarded its investors XRP when it announced its shareholder benefits program.

SBI’s ongoing support for digital assets and its larger goal of incorporating cryptocurrencies into traditional finance is reflected in this initiative. Through the program, qualified shareholders can choose from a range of products provided by SBI’s subsidiary, SBI ALApromo Co., or receive XRP. Ltd

SBI Holdings, also known as the Strategic Business Innovator Group is a Tokyo, Japan-based group of financial services companies.  SBI Holdings is the primary location for the group’s businesses and companies. SBI Securities, SBI Shinsei Bank, and SBI Investments are a few of the most well-known subsidiaries.

Cryptocurrency analyst Crypto Eri emphasized this announcement, highlighting that SBI remains committed to XRP. With an anticipated conversion date of July 31, 2025, she stated that shareholders will be entitled to 2,000 yen worth of XRP.

Those listed in SBI’s shareholder register as of March 31, 2025, are eligible for shareholder benefits. SBI ALApromo Company offers a variety of health and functional food products or 2,000 yen worth of XRP to shareholders who own 100 to 999 shares or 1,000 or more shares for less than a year.

Shareholders who have held 1,000 or more shares for over a year can select from a wider range of high-end cosmetic and health products or receive 8,000 yen worth of XRP.

In addition to these advantages, all shareholders, including those with fewer than 100 shares, will receive a 50% discount voucher for purchases from SBI ALApromo. This arrangement strengthens SBI’s dedication to offering value beyond conventional financial rewards while investors choose the benefits that best meet their needs.

Shareholders must be Japanese citizens, at least eighteen years old, and have or can open an account with SBI VC Trade, the company’s cryptocurrency trading subsidiary, to be eligible for the XRP benefit.

XRP distribution qualified shareholders will be managed by SBI VC Trade, guaranteeing adherence to Japanese laws.

TRUMP Will Kill DOGE, PEPE, SHIBA INU

Posted on by Olumide Adesina

President Donald Trump has been criticized for introducing a meme coin while claiming to be “naive” about cryptocurrency.

TRUMP’s token launch shocked the investment community.  The digital currency TRUMP swiftly rose to prominence as one of the most valuable cryptocurrency coins on his social media accounts before his inauguration.

Trump’s token launch poses a huge threat to the meme space . Market data showed most of the top meme coins listed on popular crypto exchanges have lost at least a third of their value.

Critics claim that the President’s cryptocurrency windfall disincentives him from taking action against the sector, which could result in a billion-dollar decline in the value of his tokens. According to a Financial Times analysis, over 700 spam and copycat coins have been sent to Trump’s digital wallet by individuals ostensibly trying to imply that their products have his approval

It follows the president’s and his wife Melania’s introduction of meme coins, which are completely based on speculation and have no real-world application, just days before he returned to the White House last month.

Many are named after Trump or his family but are unrelated to the president. Examples include “OFFICIAL TRUMP” and “OFFICIAL MELANIA.”

Ethical issues also weigh on the token launch.  President Trump is now directly involved in a sector of the world’s largest and most powerful economy. Legal experts and elected officials are voicing geopolitical and ethical concerns regarding the tokens, claiming they can be used for bribery and conflicts of interest.

Trump’s supporters and shrewd day traders have made billions of dollars in sales thanks to their devotion, excitement, and the opportunity to profit quickly. However, many holders are losing money, as the token has lost over two-thirds of its value since it breached $72 in January.

President Trump has minimized his contribution to the coin’s introduction, stating at a Jan. 21 press conference: “Aside from the fact that I launched it, I don’t know much about it.

Meanwhile, Cryptocurrencies were under pressure this month after President Trump threatened to change global trade dynamics. President Donald Trump’s executive order imposing tariffs on imports from China, Canada, and Mexico on January 31 caused market chaos. The action was sufficient to frighten investors and cause sell-offs in stocks and digital assets, even though the tariffs on Mexico and Canada are still on hold.

The new Trump administration is viewed with optimism by the cryptocurrency industry. President Trump promised a much more relaxed regulatory approach than President Biden’s administration, making it the “crypto capital of the planet.”.

 

XRP in Red Sea, Ripple based token in a Bearish Market

Posted on by Olumide Adesina

XRP is still in a deep bear market amid high selling pressure in the crypto market. Most of this year’s gains have been erased as  XRP has fallen by a third from its January peak.

Altcoins’ collapse weakened XRP bulls’ morale to breach its monthly high.

XRP might be vulnerable to additional declines due to a slowdown in its ecosystem. In addition, most XRP-based meme coins also posted huge losses this week. XRP Army token has decreased by over 31% in the past seven days.

XRP consolidates within a narrowing wedge with lower highs and lower lows,

This pattern frequently suggests that selling pressure is progressively waning, which may lead to an upward breakout once buyers take back control. With a possible further decline ahead of a bullish reversal, the current price movement indicates that XRP is testing important support levels.

The lower edge of the wedge is an important thing to keep an eye on. If XRP maintains support at $2.25 and gains more buying momentum. However the token faces more bearish pressure if support doesn’t continue at this level.  Sophisticated traders usually watch such technicality because these formations reveal information about market sentiment and possible entry points