XRP price is on track to break out of the symmetrical triangle formation and hit the $0.3566 level target.  The SEC v. Ripple legal battle is fast approaching its deadline as Judge Analisa Torres prepares to deliver her verdict.  US economic indicators continue providing the altcoin and the broad crypto market support, jobs report and ISM Non-Manufacturing PMI drove demand higher.  XRP, the sixth largest cryptocurrency by market capitalization and the native… Source link

Peera_Sathawirawong/iStock via Getty Images One of the more interesting crypto tokens to explore this crypto winter might be Ethereum Name Service (ENS-USD). It is a domain protocol built on the Ethereum (ETH-USD) blockchain. In this article, we’ll look at what Ethereum Name Service is, the tokenomics of the coin, and the strength of the Ethereum Name Service DAO. What is Ethereum Name Service? Simply put, Ethereum Name Service is a domain provider built on public blockchain rails. One can… Source link

A widely followed crypto analyst is warning Bitcoin (BTC) traders that the weekend ahead could be a tricky one. Popular crypto trader Michaël van de Poppe tells his 644,000 Twitter followers to avoid overleveraging BTC heading into the first weekend of the new year. “We should be good if Bitcoin remains above $16,600.  Tricky weekend coming up with Grayscale, tomorrow unemployment data and such. Wouldn’t go crazy on leverage.” Van de Poppe then goes into further detail… Source link

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Cryptocurrency adoption has been on the rise in El Salvador in recent years, with the country becoming the first in the world to adopt Bitcoin (BTC) as a legal tender. This landmark decision has attracted the attention of the global cryptocurrency community and has sparked discussions on the potential benefits and challenges of widespread adoption. El Salvador’s controversial move with its cryptocurrency adoption would not have been possible if it was not due to President Nayib Bukele, who… Source link

The headline numbers in the December jobs report from the BLS beat expectations, with jobs added of 223,000 versus forecasts for 200,000, and the unemployment rate of 3.5% versus forecasts for 3.7%. That 223,000 job gain, though, was a sizable slowdown from the 300,000-plus prints regularly seen in the first half of 2022 and was the lowest number of jobs added since April 2021. Source link

The headline numbers in the December jobs report from the BLS beat expectations, with jobs added of 223,000 versus forecasts for 200,000, and the unemployment rate of 3.5% versus forecasts for 3.7%. That 223,000 job gain, though, was a sizable slowdown from the 300,000-plus prints regularly seen in the first half of 2022 and was the lowest number of jobs added since April 2021. Source link

A popular crypto strategist known for selling Bitcoin (BTC) at its peak says Ethereum (ETH) is showing unprecedented strength against the king crypto. Pseudonymous analyst DonAlt tells his 449,100 Twitter followers that the smart contract platform is dominating other altcoins in its price ratio with BTC. “There has never been a coin in crypto history that has been so dominant against BTC over this kind of timeframe. I’m honestly impressed. This is the kind of dominance you… Source link

The crypto market witnessed the DeFi summer of 2020, where decentralized finance applications like Compound and Uniswap turned Ether (ETH) and Bitcoin (BTC) into yield-bearing assets via yield farming and liquidity mining rewards. The price of Ether nearly doubled to $490 as the total liquidity across DeFi protocols quickly surged to $10 billion. Toward the end of 2020 and early 2021, the COVID-19-induced quantitative easing across global markets was in full effect, causing a mega-bull run… Source link

Bitcoin (BTC) flashed volatility at the Jan. 6 Wall Street open after fresh United States economic data disappointed risk-asset bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: BTC price in line for $17,000 retest Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $16,669 on Bitstamp around non-farm payrolls and unemployment figures. Both those came in better than expected, with mixed implications for the Federal Reserve having room for… Source link