The SEC issued Order No. 34-106268 approving XRP and Solana as digital commodities alongside Bitcoin and Ether, allowing actively managed crypto ETFs to hold up to 15% of assets in these coins. This regulatory clarity sparked a $566.9 million short squeeze, liquidating over 105,000 traders in 24 hours and boosting the crypto market cap to $2.711 trillion. Institutional interest surged with Bitcoin and Ethereum ETFs seeing significant inflows, while privacy coin Zcash jumped 20% amid AI-related privacy concerns. The market awaits the Senate's CLARITY Act vote on Sept. 15, which could further solidify crypto regulation.
Bitcoin surged above $82,000 on September 3 after $250 million in short positions were liquidated, triggering a $758 million total crypto market liquidation dominated by shorts. This short squeeze fueled a 21% rally in Zcash and notable moves in Ethe...
XRP is at a crucial price point, trading around $1.45 with resistance between $1.41 and $1.43. A sustained move above the mid-tier Bollinger Band at $1.40 could push XRP toward its near-term target of $1.97, close to January levels. Strong support ex...
Economists expect the US economy to add about 53,000 to 56,000 jobs in August, a rebound from July's loss. The unemployment rate is forecasted to stay near 4.1%. This jobs report is crucial as it influences Federal Reserve decisions on interest rates...
XRP's spot trading volume surged to $7.26 billion on Binance alone in August, marking its highest monthly volume since February. This increase reflects a strong rebound in trading activity and liquidity, driven by a significant price rally last month...
Market analyst Mickle suggests XRP is undervalued and could see a sharp repricing due to Ripple's increased visibility among US policymakers and reduced regulatory uncertainty. Ripple's CEO's proximity to key US officials signals growing credibility ...
