Crypto News

XRP trades at $2.42, boasting a $139 billion market valuation and $4.87 billion in global daily transactions, oscillating between $2.32 and $2.45. This narrow band reflects equilibrium amid evolving market forces, with prices stabilizing after recent volatility. XRP XRP’s hourly chart reveals horizontal equilibrium, bracketed by resistance at $2.45–$2.50 and support at $2.30–$2.35. Subdued transactionalSource link

Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR).Strategy (MSTR) increased its bitcoin (BTC) holdings to 478,740 BTC after last week's pause with the purchase of $742.4 million worth of the largest cryptocurrencyThe Tysons Corner, Virginia company formerly known as MicroStrategy bought 7,633 BTC in the week ended Feb. 9, Executive Chairman Michael Saylor posted on X. The average purchase price was $97,255 per bitcoin, which raised the overall average purchase price to $65,033The company didn't buy any bitcoin in the week ended Feb. 2, most likely because it was observing a blackout period during its earnings week. On Feb. 6, the company reported a fourth-quarter net loss of $3.03 per share, compared with income of $0.50...

Bitcoin (BTC) difficulty hit an all-time high of 114.7 trillion (T) following a 5.6% upward adjustment over the weekend, according to CoinWarz. This coincides with the Hash Ribbon metric signaling a miner capitulation. Hash Ribbon, is a market indicator, which hints at a local bottom for bitcoin (BTC) and often forms when miners capitulate — when mining costs exceed profitability.According to Glassnode data, miner capitulation began in early February. Bitcoin is down over 4% month-to-date. Historically, when this metric signals capitulation, it has marked local price bottoms. If this pattern holds, bitcoin’s bottom could be around $91,000. The last capitulation signal occurred in October 2024, just before BTC surged 50%.This rise in difficulty is due to bitcoin’s rising hash rate,...

Binance’s former CEO has denied buying meme coins or NFTs, attributing their rise to speculation and regulatory scrutiny of utility tokens.Source link

PRESS RELEASE. Geneva, Switzerland – February 10, 2025 – Messari, CryptoQuant, CryptoRank, and Cointelegraph, leading platforms in blockchain research and analytics, have released comprehensive reports highlighting the TRON network’s significant advancements in blockchain activity, ecosystem expansion, and innovation. These reports emphasize TRON’s growing role in decentralized finance (DeFi) and stablecoin adoption, showcasing its robust technicalSource link