Ethereum is currently making a short technical bounce after a strong drop to 2162, with a gradual improvement in the MACD indicator on the 15-minute chart. Holding above 2170 could push the price towards 2190 and then 2200, while a break below 2162 might reignite selling pressure.
The U.S. Congress is getting closer to settling the future of crypto regulation.
The "CLARITY" Act has entered a critical phase after being approved by the Senate Banking Committee, aiming to resolve the regulatory tug-of-war between the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission over oversight of digital currencies. Traders are keeping an eye on the upcoming months as the summer recess approaches, with the potential for a delay in the final vote to freeze the bill for years. If the law passes, it could provide the crypto market with a clearer legal framework, potentially supporting institutional adoption of coins like Bitcoin, Ethereum, XRP, and Cardano while reducing the regulatory uncertainty that has plagued the sector for years.
Charles Hoskinson warned that the evolution of quantum computers could pose a direct risk to the security of cryptocurrencies before 2033, with a likelihood exceeding 50% for the emergence of systems capable of breaking current encryption.
The founder of Cardano explained that this development could allow for the hacking of digital wallets and the spoofing of transactions if blockchain networks don't prepare early.
He noted that Cardano is already working on developing encryption techniques resistant to quantum attacks, while major networks like Bitcoin might need extensive updates to protect users in the future
BTC is trading at 78,111 after a clear break below the moving averages on the 15-minute chart, with continued negative momentum in the MACD and sellers dominating the current movement.
Key support: 77,900 then 77,500 Nearby resistance: 78,350 then 78,760
Holding below 78,300 could push the price further down, while reclaiming this level might offer a short-term bounce
The debate is heating up in Washington over a potential investigation into a digital project linked to the Trump family and a controversial loan.
Elizabeth Warren has urged the SEC to launch a new probe into the cryptocurrency venture 'World Liberty Financial' associated with Donald Trump’s family, amidst allegations related to token sales and investor protection.
Concerns have been raised regarding a $75 million loan secured using WLFI tokens as collateral, despite retail investors being prevented from offloading their holdings. Warren also pointed out that entities connected to the Trump family are pocketing a significant portion of the project's revenues while the venture has raised hundreds of millions through token sales.
This escalation comes alongside American discussions on the 'CLARITY Act' aimed at regulating the crypto market, intensifying the political and regulatory debate surrounding crypto projects linked to prominent political figures.
Ethereum is bolstering its dominance and outperforming its competitors in decentralization.
Ethereum continues to solidify its position as one of the strongest blockchain networks after surpassing major rivals like Solana and Cardano in terms of decentralization strength and the number of validators worldwide. This edge is seen as a testament to Ethereum's security and widespread adoption, especially as Layer 2 solutions like Arbitrum and Base expand, providing faster transactions and lower fees. Despite fierce competition from fast, low-fee networks, Ethereum still maintains its status as one of the key pillars of decentralized finance and the infrastructure of the crypto world
Recently, there's been a wave on Binance Score of folks raking in massive profits from futures trading, flaunting crazy numbers in no time. But what many newbies don’t realize is that a big chunk of these profits comes from demo accounts. Real trading isn't a game of chance and it’s not a quick path to riches. Jumping in with high leverage can multiply your gains, but it also dangerously amplifies your losses. A lot of people get swept up in greed after seeing these snapshots and end up losing their cash due to recklessness and poor risk management.
HYPEUSDT loses momentum after a strong rally.. Is a correction on the horizon?
The Hyperliquid token is experiencing a slowdown after a robust surge that pushed the price from the 38.88 zone to the recent peak near 46.99, where signs of weakening momentum have started to show on the 15-minute candlestick chart with a declining MACD indicator and price entering a sideways correction.
Despite this temporary pullback, the overall trend remains bullish, especially with continued strong interest in the Hyperliquid platform and increased trading activity lately.
From a technical standpoint, the 45.00 level acts as a key support, followed by 44.10 in case the correction deepens. On the upside, the 46.00 area and the peak at 46.99 are the main resistance levels right now.
Staying above the 45 level may give the token a chance for a new upward move to retest the recent peak, while breaking this support could open the door for a deeper correction before any potential rebound. The market still needs stronger buying volume to confirm the continuation of the bullish trend and break through the previous high.
Trump's China Trip Wraps Up: The US President leaves China after a series of meetings with Chinese officials.
The market is expected to watch closely for any developments related to trade, tariffs, and the economic relationship between the US and China following this visit.
Traders are gearing up to follow any updates that could impact global markets after this historic visit. $BTC
The BTC chart on the 15-minute timeframe shows sideways volatility after a strong bullish wave that peaked at 82,048, with the price currently attempting to stabilize above the 81,300 zone.
The short-term moving averages are still supporting the upward trend, but the MACD indicator shows weakness in momentum and a likelihood of continued choppiness before any new breakout.
If we break 81,570 and hold above it, the price could target the 82k area again. However, breaking support at 80,950 might trigger a correction towards 80,300
XRP whales keep stacking while the network hits record activity
The XRP Ledger has set a new all-time high as the number of wallets holding over 10,000 XRP has surged to over 332,000, indicating that the big investors are still in accumulation mode.
Network activity has also ramped up significantly, with monthly transactions reaching around 71 million, fueled by institutional expansion and the growth of decentralized finance services.
XRP is currently trading near $1.47 while traders are eyeing a breakout above the $1.50 level that could trigger a new rally towards $1.60
A wave of fear hits the crypto market with inflation shock and rising global tensions
The crypto market faced strong pressure after Bitcoin dropped below $80K, raising investor concerns due to high U.S. inflation data and geopolitical tensions worldwide.
Bitcoin lost its key support zone at $80K while traders are eyeing the $78K level as important support in the coming period. Ethereum, Ripple, and Solana also saw notable declines, while Dogecoin managed to hold onto slight gains.
The pressure came after U.S. inflation data exceeded expectations, reducing market hopes for a rate cut by the Federal Reserve anytime soon.
Simultaneously, oil prices surged as markets monitored talks between the U.S. and China, amid escalating fears related to global trade and energy.
Despite the crypto downturn, AI stocks continued to perform strongly, led by NVIDIA, while Cisco's positive results bolstered the continued outperformance of tech stocks in global markets
Zcash is making a strong comeback with the rising interest in digital privacy.
The ZEC coin has surged over 33% this month as investors are increasingly drawn to cryptocurrencies that offer higher privacy in transactions.
The coin relies on zk-SNARK technology, which allows for the concealment of transaction details and wallets, making it a focal point for investors and prominent figures in the crypto market.
Additionally, the coin has seen growing support from investment institutions and major companies amid expectations of sustained momentum in the upcoming period.
However, privacy-related coins still face global regulatory pressures that could impact their expansion in the future.
The BTC pair chart on the 15-minute timeframe shows that the price is currently hovering around the $79,500 area after a quick pump followed by some light profit-taking.
The moving averages are still closely spaced, indicating continued volatility as buyers attempt to maintain the key support near $79,500. A breakout above the $79,900 – $80,000 level could give Bitcoin a fresh push towards higher highs in the short term. On the flip side, a break below the $79,300 support could send the price back to retest the $79,000 area again.
The MACD indicator is signaling a weakening bullish momentum at the moment, but the overall trend remains tilted positively as long as the price stays above the key support zones.
Moscow Exchange is diving into crypto by launching futures contracts for XRP, SOL, and TRX.
Moscow Exchange announced plans to expand its crypto-related services by launching futures trading for XRP, SOL, and TRX, reflecting the growing interest of Russian financial institutions in the digital asset market.
According to reports, the exchange is working on establishing a dedicated section for digital assets within its platform, adding trading options that extend over longer timeframes, alongside new mechanisms for funding trades using cold wallets and Russian digital deposits.
This move aims to integrate cryptocurrencies into the traditional infrastructure of Russian financial markets while developing specific rules for the storage, access, and management of digital assets, aligning with Russia's direction to further regulate the sector in the near future.
Observers believe that the introduction of futures contracts for coins like XRP, SOL, and TRX could boost interest among Russian investors in the crypto space, especially with the growing demand for legal and regulated trading instruments within the country