Day: January 31, 2025

XRP Price Stuck In Consolidation: Where’s The Next Big Move?

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XRP price started a consolidation phase from the $3.20 resistance zone. The price is now consolidating gains and might aim for more gains above the $3.20 zone. XRP price started a downside correction from the $3.220 zone. The price is now trading above $3.050 and the 100-hourly Simple Moving Average. There was a break above a bullish flag pattern forming with resistance at $3.10 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it clears the $3.20 resistance zone.…

Ethereum Price Gains Traction: Can It Sustain the Climb?

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Ethereum price started a fresh increase above $3,220. ETH is now consolidating and might eye more gains above the $3,270 resistance zone. Ethereum started a fresh increase above the $3,120 zone. The price is trading above $3,200 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,200 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it stays above the $3,200 level. Ethereum Price Recovers Ethereum price started a decent increase from…

Bitcoin Price Comeback Meets Resistance: Breakout or Rejection?

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Este artículo también está disponible en español. Bitcoin price started a fresh upward move above $103,200. BTC is now correcting gains and might revisit the $102,000 support zone. Bitcoin started a decent upward move above the $103,200 zone. The price is trading above $103,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $103,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $102,000 zone. Bitcoin Price…

SEC authorizes NYSE to trade Bitwise’s hybrid Bitcoin-Ethereum ETF

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Key Takeaways The SEC approved NYSE Arca’s proposal to list a Bitwise ETF offering exposure to Bitcoin and Ethereum. The ETF’s approval highlights the SEC’s increasing familiarity with crypto-backed investment vehicles. Share this article The SEC has granted accelerated approval for NYSE Arca to list and trade shares of the Bitwise Bitcoin and Ethereum ETF, a hybrid investment product offering exposure to both leading digital assets. The regulator’s decision to expedite the listing and trading of the securities was due to similarities with previously approved spot Bitcoin and Ethereum ETFs,…