crtypto & forex news

XRP briefly surged on Monday as the day drew to a close, but the leading altcoin is still heavily feeling the ongoing bearish pressure across the broader cryptocurrency market. During this highly volatile period, the level of supply sitting in a loss is growing rapidly, indicating a change in market dynamics. XRP Share Of Supply In Loss Spikes With the bearish side taking control of the market, XRP continues to face mounting pressure, keeping its price stuck below the $2 mark. A clear indication of the mounting pressure is the growing portion of XRP’s circulating supply slipping into the loss territory, which underscores the market strain on the altcoin. Steph is Crypto, an investor and strategist, shared this development on X using data from Glassnode, a popular on-chain data analytics platform. After the expert’s examination of the chart, he reported that approximately 36.8 billion XRP are currently in loss amid recent price weakness. This massive figure suggests that nearly 6...

Most traders are watching Dogecoin on the daily or weekly chart, reacting to intraday price action. However, the monthly candlestick chart tells a different story, one that has been developing since the 2021 cycle and is now approaching an inflection point.  Technical analysis shows a massive bullish pennant is forming on the DOGE/USD monthly timeframe. Dogecoin is now at a lower high support in the pennant, and the technical implications are significant. Giant Pennant Has Been Forming Since The 2021 Rally The monthly chart shows Dogecoin’s price compressing between two converging trendlines, forming what appears to be a large bullish pennant. The structure begins with the flagpole: the near-vertical surge that launched Dogecoin from below $0.01 to its all-time high of $0.73 in May 2021.  Since that peak, DOGE’s price action has been forming a symmetrical triangle on the monthly chart, a series of lower highs and higher lows converging steadily toward an apex. The upper ...

A former Ripple senior engineer, Steven Zeiler, has reignited a long-forgotten discussion in the XRP community by explaining why the once-promising Codius project quietly faded from view years ago. Zeiler argued that the project lacked a token, and without one, it failed to gain traction. His claim drew sharp debate from validators and caught the attention of many community members.  Why The Codius Project Failed On March 8, Zeiler, who now serves as a developer evangelist at the Yellow Network , took to X to offer a frank reflection on why Codius, the decentralized computing platform, never gained the traction its creators expected. Zeiler and his team built Codius after leaving Ripple , and looking back, the former senior engineer noted that the project was missing a crucial piece that he believes doomed it from the start.   According to Zeiler, the technology behind Codius was solid, and the vision was clear. Still, the project lacked a native token to bootstrap ...

Ethereum may be back above the pivotal $2,000 price level, but the broader cryptocurrency landscape is still struggling to regain a bullish trajectory. Even with the market struggling with persistent volatility, Ethereum buying activity on the institutional level does not seem to be slowing down yet.  Another Major Ethereum Buy From Bitmine When it seems like sentiment is cooled down, Bitmine Immersion Technologies has doubled down on Ethereum, the second-largest cryptocurrency asset, again. In the highly volatile sector, the company continues to expand its digital asset holdings, with strategic ETH purchases. The report from Milk Road, a market expert and investor, Bitmine has secured an additional 60,976 units of Ethereum valued at over $122 million despite ongoing turbulent market conditions. This strategic move during the period of uncertainty underscores the company’s long-term confidence in the network and its prospects.  During this period, Milk Road highlighted ...

Ripple, a crypto payments company has found itself at the center of fresh speculation once again after a large XRP transfer surfaced on-chain, catching the attention of market watchers and community members. The scale of the transfer and the fact that it was made outside Ripple’s established monthly escrow schedule have prompted questions across the crypto space, with analysts flagging the movement as “suspicious.”  Ripple’s $260 Million XRP Transfer Raises Suspicions A significant transfer by Ripple drew the attention of crypto analysts and market watchers last week after blockchain records from XRPScan captured the movement of 200 million XRP from a wallet owned by the crypto company. The transaction, valued at $280 million at the time, took place on Thursday, March 5, days after Ripple’s scheduled monthly escrow release.  Notably, screenshots of the transaction began circulating on X, with many speculating about its nature and the possible reasons behind it. One market...

The XRP price has shifted deeply into a bearish state following the weekend sideways performance, and its market dynamics are starting to experience a similar change. Amid persistent downside action, significant liquidity is evident around key levels and across the market. Rising Liquidity Levels Put XRP In Focus With the highly bearish and uncertain market landscape, XRP’s price is struggling below the $1.4 level. Despite waning price action, the leading altcoin is experiencing a major buildup in daily liquidity, which hints at a notable change in its market dynamics and investor activity . Trading activity and order book depth have expanded across major cryptocurrency exchanges, an indication of the growing daily liquidity. Bird, a developer and market expert, points to a massive cluster of contracts stacked all the way up toward $4+, as indicated by heavy red liquidation lines on the chart. According to the expert, those lines on the chart represent short positions from trader...

X Money, a payments platform developed by SpaceX CEO and Dogecoin (DOGE) enthusiast, Elon Musk, has officially launched its beta version with impressive financial perks. However, despite years of speculation and expectations that the tech billionaire would finally integrate Dogecoin into a mainstream financial product, the popular dog-themed meme coin remains absent from X Money. The omission raises questions about Musk’s genuine crypto integration strategy for the new payment platform . Musk Launches X Money In Beta With Perks Musk’s newly launched X Money platform has launched in beta with financial features that seem almost too good to be true. However, there’s no Dogecoin in sight.  Bankless host and producer Josh Kale recently broke down key specifics of what’s being offered on X Money, and according to him, the numbers are staggering. In an X post, Kale noted that the deposits on X Money are earning up to 6% annual percentage yield (APY), which translates to approximatel...