Ripple accused of artificially boosting XRP price with bot activity, court documents allege manipulation
XRP price continued its rally towards the $0.64 target on Thursday. The altcoin climbed to $0.58, sustained above key support at $0.55, maintaining its uptrend. Crypto experts uncovered court documents that allege Ripple used bots, market maker GSR Markets did as directed and likely stabilized or pushed XRP price higher in 2015 and 2016.
Bitcoin and Ethereum funding rates surge to over two-year highs as bullish bets get costlier
Bitcoin’s (BTC) price rally to its 2024 peak of $64,000 has resulted in a spike in funding rates, pushing them to hit a 27-month high. Data from the centralized-exchange data platform Velo Data shows that the BTC rally has catalyzed a bullish sentiment in the futures market, which is likely to attract arbitrageurs and institutional investors.
Six reasons why Polygon’s MATIC price will make a comeback in 2024
MATIC price could be due for a major rally in the coming weeks for two main reasons: the circulating supply of Polygon’s token is now at 100%, and it is an Ethereum Layer 2 solution, which plays into the ongoing positive narrative for all Ethereum-related entities.
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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC declines as resistance emerges near all-time high
Bitcoin and Ethereum are approaching their key support levels, and a sustained close below these marks could lead to further declines.
TON set to launch synthetic Bitcoin to boost its DeFi solutions
TON revealed its plan on Thursday to launch a synthetic Bitcoin token on its blockchain, allowing users to trade, stake, and earn yield using BTC. Following the announcement, TON is down over 3%.
Maker Price Forecast: MKR could stage 40% rally
MakerDAO is up 2% on Thursday and could be set for a 40% rise in the coming weeks if it successfully maintains an extended move above the descending trendline of a falling wedge. On-chain data also supports the bullish outlook after a four-month-long decline.
USDT market cap crosses $120 billion as stablecoins continue their uptrend
The stablecoin market cap continued its uptrend in October, characterized by USDT reaching a $120 billion market cap, according to a CCData report on Thursday. This indicates that investors are preparing liquidity to fuel more demand.
Bitcoin: New all-time high at $78,900 looks feasible
Bitcoin price declines over 2% this week, but the bounce from a key technical level on the weekly chart signals chances of hitting a new all-time high in the short term. US spot Bitcoin ETFs posted $596 million in inflows until Thursday despite the increased profit-taking activity.
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