XRP price has recently witnessed a notable uptick, hitting its highest level since early October. The cryptocurrency, currently trading above the key support level of $0.52, is testing resistance near $0.56. This increase has raised questions about whether XRP could rally further, potentially reaching the $1 mark. XRP Price Eyes $1 as Momentum Builds, Can Bulls Break Resistance? XRP price hit a monthly high of $0.578, its peak since early
SEC v Ripple: The recent win of Donald Trump in the 2024 US presidential election has brought back hope to the cryptocurrency enthusiasts especially on the matter of the ongoing SEC v Ripple lawsuit. Legal experts and Ripple supporters are speculating that the Donald Trump administration could bring positive changes to the crypto space which could help the company to reach a settlement faster in the ongoing Ripple case. Potential
The crypto payment option, which will be offered through a “secure payment platform managed by PayPal,” according to the release, is expected to go live in mid-2025. A spokesperson for the city did not immediately respond to questions about which cryptocurrencies Detroit plans to accept, but PayPal only supports a small handful of tokens — bitcoin, ether, bitcoin cash, litecoin, and PayPal’s own stablecoin, PayPal USD. Source link
A widely followed crypto analyst says that a Bitcoin (BTC) rally to a six-figure price tag is still in the cards. In a new strategy session, crypto trader Kevin Svenson tells his 80,200 YouTube subscribers that a parabolic trend to six figures for the top crypto asset by market cap after its post-election boom is still a very real possibility. According to Svenson, the crypto king could skyrocket to $124,000
Detroit is becoming the biggest US city whose resident will be able to settle their tax payments in cryptocurrency, city officials announced Thursday. The move will make Detroit the largest US city to accept crypto payments for public services. City officials said transactions are set to occur via a secure platform maintained by PayPal. The service is set to start by mid-2025. Detroit Becomes First Major US City to Accept
Russian President Vladimir Putin addressed Russia’s position within the BRICS alliance regarding using the U.S. dollar. Contrary to the BRICS bloc’s ongoing de-dollarization efforts, Putin clarified that Russia is not planning to abandon the dollar entirely but will limit its use as a settlement currency. Describing the dollar as a “pillar of U.S. power,” Putin highlighted that the global trend toward alternative currencies is just a response to evolving economic
A trader attempting to short Bitcoin (BTC) is reportedly now suffering tens of millions of dollars in losses after the flagship crypto asset soared on Election Day. Blockchain tracking firm Lookonchain says one crypto whale suffered a $74,980,000 liquidation as US presidential vote tallies began to break toward pro-crypto candidate Donald Trump. Bitcoin hit new all-time highs as Trump prevailed over Democratic challenger Kamala Harris. “So crazy! After BTC hit
American investment bank Citi and asset manager Fidelity have teamed up to develop a blockchain-based investment fund that can power real-time settlements. In a statement, Citi and Fidelity International introduce the proof-of-concept of an on-chain money market fund (MMF) with digital foreign exchange (FX) swap that can execute programmable multi-asset transactions on-chain, which is not possible with traditional market infrastructure. The two firms say the tokenized MMF has the potential
The US Federal Reserve announced a 25 basis point (bps) rate cut following its November FOMC meeting. This development is undoubtedly significant, considering the impact it could have on the Bitcoin price and broader crypto market. US Federal Reserve Announces 25 Bps Rate Cut In a press release, the US Fed announced its decision to cut interest rates by 25 bps, just about two months after it cut them by
Donald Trump’s US election victory on Wednesday and the resulting euphoria failed to boost the price of Trump-themed memecoins, mostly due to so-called ‘sell the news’ trend. These tokens, which had seen significant gains earlier in the week, dropped by double digits following his win. Some of the popular memecoins shed over 25% in market capitalization just a day after the victory, including TRUMP, MAGA, and TREMP. Trump-Themed Tokens Suffer
