The price of Ethereum (ETH) has skyrocketed to over $3,100, marking a significant increase in value. This surge comes at a time when other major cryptocurrencies, including Bitcoin (BTC), Solana (SOL), and Cardano (ADA), have either remained stable or experienced minor losses in the past 24 hours. One of the main reasons behind ETH’s rally
XRP
The lawsuit between Ripple and the United States Securities and Exchange Commission has been a topic of intense discussion within the cryptocurrency industry since December 2020. At that time, the SEC accused Ripple of conducting an unregistered securities offering by raising over $1.3 billion through the sale of XRP tokens. Ripple, on the other hand,
Ethereum saw a brief surge above $3,000 this week, marking a 4% increase in price. However, the cryptocurrency soon entered into a correction phase, potentially re-testing the key support level at $2860. To sustain the bullish momentum, buyers must defend the support and push the price back above $3,000. Failure to do so could invite
Binance, the leading cryptocurrency exchange, recently announced the expansion of its margin trading options. The new additions included several new pairs and borrowable assets. This move was aimed at enhancing the user trading experience and providing more choices for traders on the platform. The new margin trading pairs added by Binance include ADA/USDC, AVAX/USDC, MATIC/USDC,
Recent reports reveal that the US Security and Exchange Commission’s (SEC) Office of Inspector General (OIG) is currently investigating cryptocurrency-related financial conflicts of interest. Empower Oversight, an accountability group, brought attention to the matter, highlighting concerns regarding the failures of the SEC’s Ethics Office and a former official, William Hinman. Allegations suggest that Hinman engaged
XRP’s price recently saw an increase above $0.57 within a 24-hour period, only to be pulled back down to around $0.56 by sellers. Despite this pullback, the price still marked a significant increase of over 10% since February 9th when it was trading below $0.52. This price volatility is not uncommon for XRP, a cryptocurrency
Bitcoin has continued its upward trend this week, reaching a new monthly peak of $48,600. After a period of stability following last week’s volatility, the bulls took over the market and pushed the price above $47,000 by the end of the week. The weekend saw even more positive movement, with Bitcoin surging to $48,600 for