Ripple, the company behind the XRP Ledger (XRPL), has received a preliminary approval for a Crypto Asset Service Provider (CASP) license in Luxembourg, under the European Union’s Markets in Crypto Assets (MiCA) framework. A full license would allow Ripple to offer its stablecoin payment systems to European clients and ‘expand into broader cryptoasset activities in […]
It is predicted that the cryptocurrency market may struggle to find a clear direction in the short term, and the current sideways price movement may continue for some time. A recent market assessment published by crypto trading company QCP Capital states that Bitcoin and the overall crypto market need new macroeconomic and industry-specific catalysts to […]
If you’re wondering just how much lower bitcoin BTC$62,272.98 is likely to drop, the answer, at least according to one historically accurate contrarian indicator, is not much. That’s the conclusion from an indicator that might seem to signal a bearish shift in sentiment but has tended to presage a more bullish outlook. The indicator is […]
Recent volatility in the cryptocurrency market has drawn investors’ attention to selling pressure, and market analysis company Swissblock, in its new report, stated that the biggest risk facing Bitcoin is not direct sell-offs, but the strengthening US dollar. According to the company’s assessment, a significant portion of Bitcoin’s past bear markets coincided with periods when […]
A New York attorney has asked a state judge to unmask an anonymous claimant who wants to take legal ownership of roughly 3.8 million $BTC, including Satoshi Nakamoto’s holdings. The request landed in the New York State Courts Electronic Filing system a few weeks before an in-person hearing on July 14. Soon, a judge will […]
Fed Policy Expectations Drive Divergence Across Markets Grayscale Investments is tying bitcoin’s lag behind equities to a repricing of Federal Reserve policy, arguing that bitcoin could narrow the performance gap with stocks if the Fed holds off on rate hikes. In a June 22 research note, the crypto asset manager said changing rate expectations have […]
Amid the ongoing downturn, recent analysis shows that every major Bitcoin bear market has ultimately found a bottom following a black swan event. For context, black swan events cause sudden, largely unexpected crises that trigger sharp panic selling across the market, including Bitcoin. However, once the initial turmoil subsides, markets have historically transitioned into recovery […]
Bitcoin and cryptocurrencies have risen in the last 24 hours as hopes for a US-Iran deal increase. However, this rise does not signal a bottom for $BTC. According to CryptoQuant analysts, the data indicates that the bear market in Bitcoin is not yet over. According to CryptoQuant analyst Gaah, the cycle momentum indicators in Bitcoin […]
As talks between the US and Iran begin in Switzerland, positive statements are coming from both sides. The latest move has come from the US. According to Walter Bloomberg, the U.S. Treasury Department today issued a general license authorizing the production, delivery, and sale of Iranian crude oil, petrochemicals, and petroleum products. Accordingly, the US […]
Prediction market traders are betting that SpaceX (NASDAQ: SPCX) will end June 2026 with a market capitalization below $3 trillion, according to data from Polymarket. The market, which asks whether SpaceX’s valuation will hit specific levels by June 30, assigns an 11% probability to the company reaching a $3 trillion market cap. The odds fall […]