XRP open interest surged by $171 million, a 20.5% increase, reflecting growing activity in XRP derivatives markets amid the Ripple-SEC settlement dismissal. This rise indicates heightened interest in leveraged positions rather than spot buying, suggesting traders anticipate significant price movements. Market participants are closely watching regulatory developments and broader crypto trends, as these factors could influence XRP's price and risk of liquidations. The current market shows a 93% probability of XRP falling to $1.00 in August, highlighting diverse expectations among investors.
The U.S. Securities and Exchange Commission (SEC) is set to consider a proposal on August 14 that could create a tailored regulatory framework for certain crypto investment contracts. This move comes as the CLARITY Act, a comprehensive crypto legisla...
Bitcoin price fell below $64,000 on August 11 due to rising oil prices and uncertainty ahead of the U.S. July Consumer Price Index (CPI) report. The price briefly dropped to around $63,852 before recovering slightly, with key support at $63,900–$64,0...
The U.S. Securities and Exchange Commission (SEC) plans to propose a new regulatory framework called "Reg Crypto" to create a dedicated path for crypto investment contracts. This move aims to provide clearer rules for launching tokens in the U.S., ad...
Bitcoin fell 1.68% as hopes for a Strait of Hormuz resolution faded after Trump demanded 50 years of compensation from Iran, pushing oil prices above $89. XRP faces pressure, nearing a drop below $1 for the first time in 2024. Crypto and equity marke...
XRP dropped over 3% to $1, reaching its lowest level this year and extending a nearly 60% decline since January. Despite Ripple's efforts to expand in Europe and growing institutional interest, XRP's market cap fell to $62.8 billion, slipping to the ...
