Author: John Smith
TRUMP token is facing renewed volatility as markets prepare for a significant unlock event that could test investor sentiment. At press time, TRUMP is trading at $9.90, up 4% over the past 24 hours and about 16% higher than its price at the beginning of July. However, the token remains 86% below its all-time high of $73.43 set on Jan. 19. According to Tokenomist data, 90 million TRUMP tokens, representing 45% of the current circulating supply, are scheduled to unlock on July 18 at midnight UTC. These tokens, valued at roughly $890 million, will be available for trading by early…
Hedera Hashgraph’s token could be on the verge of a bullish breakout after forming a highly bullish pattern and as a key stablecoin metric rebounds. Hedera (HBAR) was trading at $0.1525 on July 8, slightly above this month’s low of $0.1255. The current price is still 30% below the March high, placing it in bear market territory. A potential fundamental catalyst for the HBAR price is that the stablecoin supply in the network has started rising this month. It had a stablecoin supply of over $131 million, its highest level since May 28. This supply has recovered substantially from last…
Ethereum’s growing dominance in RWA tokenization is boosting its narrative as a treasury asset. Ethereum (ETH) is quickly gaining traction as a major platform for tokenized assets. Notably, over $5 billion in RWAs are now managed on Ethereum, including treasuries and other real-world assets. In a commentary shared with crypto.news, NoOnes CEO Ray Youssef explained how this is opening up new avenues for ETH. “From tokenized U.S. treasuries to institutional-grade stablecoin rails, Ethereum is becoming the de facto layer for compliant, on-chain finance. Corporations are catching on to ETH as both a utility network and a strategic store of value…
Bitcoin is flashing early signs of a potential breakout as volatility tightens, a pattern often followed by significant price movement. At press time, Bitcoin (BTC) is trading at $108,494, slightly down 0.3% over the past 24 hours. The price has ranged between $105,430 and $110,307 in the past week and remains just 3% below its all-time high of $111,814, set in late May. Technical analyst Axel Adler highlighted a key development on a July 8 post on X. The Bollinger Bands on Bitcoin’s daily chart have contracted sharply, with the distance between the upper and lower bands now just 7.7%.…
Asset manager and ETF issuer BlackRock has been steadily stacking Bitcoin, pushing its holdings to new highs. BlackRock’s iShares Bitcoin Trust (IBIT) now holds over 700,000 BTC (BTC), accounting for roughly 55% of the total Bitcoin held across all US spot Bitcoin ETFs. Valued at over $80 billion at current prices, the milestone follows its latest purchase of 1,388 BTC as part of its ongoing aggressive accumulation, according to ApolloSats co-founder Thomas Fahrer. IBIT has recorded immense success since launched, amassing $76 billion in assets under management (AUM) and accounting for 96% of net inflows across all Bitcoin ETFs to…
XRP continues its range-bound price action as important updates about the project continue to make their way in the cryptocurrency market. Investors are hopeful that the token is getting closer to a big breakout, but when? Let’s find out in this XRP price prediction. Currently ranked in the 4th position with a market cap of $135.1 billion, XRP (XRP) has depreciated around 41% in price since reaching an all-time high of $3.84 in January 2018. The token has seen a lot of range, and is currently holding the $2-3 range, with long-term investors still hopeful on a big breakout and…
Trump Media’s application to list and trade shares of its Truth Social Bitcoin and Ethereum ETF is currently being reviewed by the U.S. SEC as of July 8. A recent filing showed that the U.S. Securities and Exchange Commission has accepted the application for a Bitcoin (BTC) and Ethereum (ETH) exchange-traded fund. Truth Social first lodged its S-1 form with the SEC for the crypto ETF that holds both Bitcoin and Ethereum on June 16. According to the filing, the ETF is meant to offer investors exposure to the two largest cryptocurrencies by market cap, Bitcoin and Ethereum. Investors will…
After a steep 70% drop from its May peak, Pi Network price is showing early signs of recovery, with a bullish RSI divergence suggesting a potential trend reversal. After the sharp crash from its May peak of $1.67, Pi Network (PI) price has been gradually bleeding lower, caught in a persistent downtrend marked by lower highs and lower lows. The token has lost over 70% of its value in the past two months, recently stabilizing around the $0.45 level. However, PI price is now showing early signs of a potential trend shift after printing a bullish RSI divergence on the daily chart. Despite the price action…