Price analysis 4/26: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

April 26, 2024 Coin Telegraph

Avalanche

Bitcoin and altcoins could be en route to retest their recent strong support levels as bears try to extend the correction.

Bitcoin (BTC) continues to trade inside a large range, suggesting indecision about the next trending move. Analysts trying to predict the direction are enthused by the $1.3 billion of USD Coin (USDC) transferred to Coinbase by whale addresses. Expectations are that the funds will be used to buy Bitcoin and Ether (ETH).

Large investors are not only buying the top two coins by market capitalization. CoinShares head of research James Butterfill said in a recent report based on a survey of 64 institutional investors that 15% of the respondents had invested in Solana (SOL). In comparison, none of the investors held Solana in the firm’s January survey.

Morgan Creek Capital CEO Mark Yusko said in a recent interview with The Wolf Of All Streets podcast that about $300 billion of baby boomers’ wealth is likely to enter into digital assets within 12 months. This inflow could boost the cryptocurrency market capitalization to $6 trillion.

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Ripple Rejects SEC’s $2,000,000,000 Request for Penalties, Says Firm Will Pay No More Than $10,000,000

April 24, 2024 The Daily Hodl

Ripple Rejects SEC’s ,000,000,000 Request for Penalties, Says Firm Will Pay No More Than ,000,000

Daily Hodl

Ripple has fired back against the U.S. Securities and Exchange Commission’s (SEC) request for it to pay nearly $2 billion in penalties. In March, the SEC asked the court to order Ripple to pay $876,308,712 in disgorgement, $198,150,940 in prejudgment interest, and a $876,308,712 civil penalty, which totals around $1.95 billion. Ripple filed an opposition […]

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Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Ripple Asks Court to Reject SEC’s $2 Billion Penalty Request in XRP Case

April 23, 2024 Bitcoin.com

Ripple Asks Court to Reject SEC’s Billion Penalty Request in XRP Case

bitcoin.com

Ripple Labs has filed its opposition to the request by the U.S. Securities and Exchange Commission (SEC) for the company to pay $2 billion in fines in the XRP case. “The SEC’s draconian remedial requests are ungrounded in law or principle. This court should reject them in their entirety,” Ripple stated. Ripple Files Opposition to […]

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Price analysis 4/22: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA

April 22, 2024 Coin Telegraph

Binance Coin

Bitcoin and altcoins have turned bullish following the BTC supply halving. Are new all-time highs in the making?

The S&P 500 Index (SPX) fell 3.05% last week as hopes for a handful of interest rate cuts by the United States Federal Reserve dwindled due to elevated inflation readings. In comparison, Bitcoin (BTC) declined just 1.1% last week, indicating strength.

Capriole Investments founder Charles Edwards said in a X post that Bitcoin’s raw electricity cost per mined block is $77,400. He added that Bitcoin’s price remains below the “electrical cost” for only about a couple of days every four years, which means that Bitcoin is “trading at a DEEP DISCOUNT.”

Bitcoin is likely to remain volatile in the next few days as the bulls and the bears battle it out for supremacy. If Bitcoin remains range-bound in the near term, it may attract buyers toward select altcoins that may resume their up move.

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Ripple To File Response to SEC’s $2,000,000,000 Penalty Request Within a Week, Says the Payments Firm’s CLO

April 18, 2024 The Daily Hodl

Ripple To File Response to SEC’s ,000,000,000 Penalty Request Within a Week, Says the Payments Firm’s CLO

Daily Hodl

Ripple’s chief legal officer (CLO) Stuart Alderoty says the payments company is taking action in response to a court filing submitted by the U.S. Securities and Exchange Commission (SEC) last month. In a Motion for Remedies and Entry of Final Judgment filed on March 25th, the SEC requested the US District Court for the Southern […]

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Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Tokenized asset market could hit $16T on public blockchains — RippleX VP

April 18, 2024 Coin Telegraph

Tokenized asset market could hit T on public blockchains — RippleX VP

Coin Telegraph

Institutional investors, asset managers and banks are racing to bring financial assets on-chain in a market estimated to grow to $16 trillion in value.

Traditional finance (TradFi) firms have warmed up to the idea of tokenizing financial assets on public blockchains as the race toward blockchain-based tokenization heats up.

According to RippleX senior vice president Markus Infanger, TradFi players are finally bringing financial assets on-chain as they look to deploy for production and solve pain points in various value chains.

Speaking exclusively to Cointelegraph during Paris Blockchain Week, Infanger said that TradFi’s use of blockchain is finally becoming tangible.

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Price analysis 4/17: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

April 17, 2024 Coin Telegraph

Avalanche

Bitcoin price descends to new lows, dragging altcoins down with it just days before the long-awaited BTC supply halving.

Bitcoin (BTC) dipped back toward $61,000 on April 17, indicating a lack of demand at higher levels. According to data from Farside Investors, Bitcoin’s recent price action has resulted in net outflows from the spot Bitcoin exchange-traded funds (ETFs) on April 12 and 15. CryptoQuant founder and CEO Ki Young Ju said in a X post that demand for Bitcoin ETFs has “stagnated for 4 weeks.”

However, a comforting factor for the bulls is that the whales have not panicked and are not selling on weakness. Data from research firm Santiment shows that the largest Bitcoin wallet cohorts have been on an accumulation spree since March 1.

The whales seem to be holding on to their positions due to the bullish outlook in the long term. Bitwise Asset Management said in a X post that after the three previous Bitcoin halvings, Bitcoin’s prices remained soft for a month but witnessed triple-digit gains a year after the event.

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Brad Garlinghouse Predicts Institutional Money Pushes Crypto Market Cap to $5 Trillion in 2024: Report

April 9, 2024 The Daily Hodl

Brad Garlinghouse

Ripple chief executive Brad Garlinghouse thinks macro factors could double the overall crypto market cap by the end of 2024. Garlinghouse told CNBC recently that regulatory momentum and the newly approved spot Bitcoin (BTC) exchange-traded funds (ETFs) could drive a massive surge in crypto prices. “I’ve been around this industry for a long time, and […]

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Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Ripple CEO Expects Crypto Market Cap to Double This Year — ‘I’m Very Optimistic’

April 8, 2024 Bitcoin.com

bitcoin.com

Ripple CEO Brad Garlinghouse says he is “very optimistic” about the crypto market, predicting it could double its market cap this year. The executive explained that the macro trends, such as the spot bitcoin exchange-traded funds (ETFs), are driving “real institutional money” into the crypto space for the first time. Ripple’s CEO: Macro Factors Fuel […]

Ripple