24/7 Cryptocurrency News
Peter Brandt Hints At Litecoin Price Rally To $420 Mirroring XRP’s Path
Veteran trader Peter Brandt recently sparked market optimism with his social media post, hinting at a potential Litecoin price rally to $420. Notably, this comes as the LTC crypto has noted a surge of nearly 21% today with its volume skyrocketing, indicating strong market confidence. In addition, Brandt also caught the investors’ eyes, indicating that the crypto could follow XRP’s robust rally in the coming days.
Peter Brandt Hints At Litecoin Price Rally To $420
Litecoin price has witnessed a robust rally recently, soaring more than 21% while its trading volume also skyrocketed. Notably, this rally comes amid renewed market interest in the investors towards the digital assets space, especially after Donald Trump’s election victory.
In addition, the resignation update of the US SEC Chair Gary Gensler has further fueled the bullish sentiment in the market. Having said that, many in the crypto community anticipate the top altcoins to witness further gains ahead alongside Bitcoin.
On the other hand, the expectation of potential Litecoin ETF approval in the US has also sparked interest among traders. Amid this, top crypto market expert and veteran trader Peter Brandt has sparked discussions in the market.
In a recent X post, Brandt shared an LTC price chart, which indicates that the crypto could hit $420 in the near term. In addition, the expert said “Can LTC pull another XRP????” while sharing the chart, which has further fueled sentiment.
Notably, XRP price has noted a massive surge recently, soaring past the $2 mark. In addition, it also surpassed the market cap of Solana and USDT, sparking optimism in the market. Having said that, the comparison between LTC and XRP by Peter Brandt has triggered discussions in the market.
LTC Price Rallies
LTC price was up more than 21% today and exchanged hands at $122.63, while its one-day trading volume rocketed 263% to $2.92 billion. Notably, the crypto has touched a 24-hour high of $129.18. Furthermore, CoinGlass data showed that Litecoin Futures Open Interest soared 37% to $620.31 million, suggesting strong market interest in the crypto.
Amid this, Peter Brandt’s post has sparked speculations over further rallies in the crypto’s price. In addition, it also comes as the experts remain bullish on the altcoins sector, given the anticipation over pro-crypto legislation in the US under Donald Trump.
Besides, the crypto has also gained traction as it rebranded itself as a meme coin recently. Notably, the top meme coins have received a significant boost, as evidenced by the rally in Dogecoin, Shiba Inu, and others. Amid this, the rebranding of LTC as a meme coin has also fueled discussions in the market.
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link
Cryptocurrency investors in Japan are bracing for impact following a plan to reclassify digital assets as financial products. While the plan has elicited excitement from cryptocurrency enthusiasts in the Far East, the ambitious plan will have to scale several legislative hurdles.
Japan Targets Reclassification Of Cryptocurrencies As Financial Products
According to a report by Nikkei, Japan’s Financial Services Agency (FSA) is inching toward classifying cryptocurrencies as financial products. Per the report, the FSA intends to achieve the reclassification via an amendment to the Financial Instruments and Exchange Act.
Currently, digital assets in Japan are considered crypto assets conferred with property rights and seen as payment means. Under the FSA’s plans, cryptocurrencies in Japan will be treated as financial products in the same manner as traditional financial products.
The FSA says it will adopt a slow and steady approach toward the reclassification, carrying out “a private expert study group” to test the waters. If everything goes according to plan, the FSA will submit the amended bill to Parliament in early 2026.
The classification of cryptocurrencies as financial products will have far-reaching consequences for the local ecosystem. Experts say treating cryptocurrencies as financial products will bring Japan closer to a crypto ETF launch amid a changing regulatory landscape.
Furthermore, the move may lower current cryptocurrency taxation for local investors since existing capital market rules will apply to the asset class.
A Fresh Bill For Crypto Insider Trading Is Underway
Apart from the reclassification, the FSA disclosed plans for new legislation against insider trading. The move flows treating cryptocurrencies as financial products and will strengthen existing investor protection rules.
“It is a direction to establish a new insider trading regulation that prohibits trading based on unpublished internal information,” said the FSA. “We will develop laws to prevent unfair transactions.”
However, Japan’s cryptocurrency scene is heating up to a boil, driven by local and international players. Last week, stablecoin issuer Circle secured approval from the FSA for USDC with top exchanges set to list the stablecoin.
Japan’s Metaplanet has tapped Eric Trump to join its Strategic Board of Advisors as it continues to load up Bitcoin.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link
Mike Belshe, the CEO of BitGo, has commented on the recent settlement between Mike Novogratz’s Galaxy Digital and the New York Attorney General (NYAG). Known as one of the top advocates of deregulation, Belshe, per his latest updates on X, appears to favor regulatory intervention to prevent some fraudulent practices in the industry.
BitGo CEO Comments on Galaxy Digital Settlement
Responding directly to a post from Anthony Scaramucci, Belshe said it is hard to deny that NYAG laid a compelling case against Galaxy Digital. He highlighted the firm’s pump-and-dump actions. The BitGo CEO noted that selling tokens as soon as they are vested and shilling to HODL when one is actually selling is wrong.
Notably, he reiterated his respect for Novogratz and his contributions to the industry. However, considering the NYAG’s position, Mike Belshe said Galaxy Digital’s actions are unethical.
‘So, legal overreach or not, it’s not ethical, and this type of behavior makes our entire industry look bad. Unchecked, this is what leads to “over-regulation,”’ he said, advocating for users to read the controls put onto Galaxy as part of this settlement!
The Advocacy for Crypto Regulation
As reported by CoinGape, Galaxy Digital settled with NYAG with $200 million over the controversial Terra (LUNA) sales. The BitGo CEO said if the right regulations are not in place and top leaders are this manipulative, the industry may not be taken seriously.
In his calls for oversight, Mike Belshe defined this as ‘Principles-based regulation.’ He further explained what he meant, noting that no one should lie to promote assets they hold. He also advocated that influential leaders should not tell others to buy while hiding the fact that they are selling.
Over the past few years, industry leaders have often denounced the regulation through key regulators’ enforcement tactics. Things have changed drastically since Mark Uyeda came on board as Acting Chair of the US SEC.
The commission has even established a Crypto Task Force to help introduce frameworks to guide the industry.
President Trump Fulfilling Campaign Promises
The BitGo CEO’s new crypto regulation push is not on the radar. While industry experts like John Deaton agreed with his proposition, US regulatory agencies are cleaning the house to help fulfill President Donald Trump’s campaign promises.
In a recent update, the FDIC advised Federal Banks about crypto. The commission said financial institutions under its umbrella do not need prior approval to gain exposure to the crypto industry. Thus far, this positive regulatory shift has triggered a new adoption trend for the digital currency ecosystem.
One of the core positive moves was Fidelity Investments’ launch of a stablecoin on a public blockchain.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link
The drawdown in the broader crypto market has extended to this weekend as losses shifted from Bitcoin (BTC) to altcoins. The combined market cap has lost 2.82% to $2.68 trillion, which suggests the selloff might deepen more. With the mix of bullish news in the trailing 7-day period, the question among analysts remains what is behind the latest slump.
What Is Behind Crypto Market Crash?
Since the inauguration of President Donald Trump, the broader digital currency ecosystem has witnessed positive backing.
As reported earlier by CoinGape, President Trump granted full pardon to Arthur Hayes, and other BitMEX co-founders Benjamin Delo and Samuel Reed. While this news is localized to the beneficiaries, it generally signals the positive shift in White House’ perception of the industry.
Despite these updates, the crypto market is still reeling with losses. The same Trump administration’s trade policies have continued to weigh down investor sentiment. The April 2 reciprocal tariff timeline has placed investors on the edge.
These tariffs and trade wars have ushered in economic uncertainties and potential inflation drag. With the Federal Reserve keeping rates unchanged, the impact of inflation may force traditional firms to adjust their positions. This in turn impact the crypto market sentiment overall.
Bitcoin and Altcoin Performance Review
As of writing, the price of BTC has lost its $83,000 support and currently trading at $82,476.30 per data from CoinMarketCap. The top coin has fallen by 2.43% in 24 hours and has extended its Year-to-Date (YTD) losses to 12.5%.
Top altcoins have also lost their positions with Ethereum down 2.25% to $1,846. XRP has fallen by more than 3% to $2.115, while Cardano has shed off 3.92% to $0.6721. The altcoin response has seen Dogecoin forming a wedge pattern in what may serve as a make-it-or-break-it switch for the memecoin.
While it appears as though many of these top assets are bottoming out, their correlations with Bitcoin may extend their overall drawdow.
What Next for the Crypto Market?
Thus far this year, top coins like Bitcoin have often showcased resilience in the face of massive sell-off and crypto liquidations. Although the current price floor for Bitcoin remain undefined, with analysts keeping an eye on the $82,000 floor.
The digital currency has not breached this level in close to two weeks. While legendary trader Peter Brandt agrees BTC price may fall to $65,635, this bearish projection may be averted if the $82,500 support holds through the weekend.
Altcoins may likely boost their price recovery by relying on BTC breakout and their internal fundamental updates.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link
Trump’s Crypto Dealings Are Making Regulation ‘More Complicated’: House Financial Services Chair
Pontus-X taps Oasis for private, cross-border data sharing in E.U.
Elon Musk, Dogecoin Proponent and U.S. Agency Figurehead, Says ‘No DOGE in D.O.G.E.’
Crypto Investor’s Brave Yet Hilarious Prediction Speculates If XRP Price Will Hit $3,000 This Cycle
Dogecoin (DOGE) Bulls In Trouble—Can They Prevent a Drop Below $0.15?
California introduces ’Bitcoin rights’ in amended digital assets bill
MELANIA Insider Hayden Davis Selling Millions of Dollars Worth of Memecoin Amid 95% Drop: On-Chain Data
Toulouse starts to accept crypto for public transport
Bitcoin, Crypto Prices Slide as Trade Tensions, Inflation Risks Rattle Markets
Will BlackRock Investors Stay Bullish?
Bitcoin Could Appear on 25% of S&P 500 Balance Sheets by 2030, Analyst Says
Centralization and the dark side of asset tokenization — MEXC exec
Bitcoin Support Thins Below $78,000 As Cost Basis Clusters Shift Toward $95,000
Cryptocurrencies to watch this week: Solana, Cronos, DOT
EU Regulator Pushes for New Capital Rules for European Insurers Holding Crypto Assets
24/7 Cryptocurrency News5 months agoArthur Hayes, Murad’s Prediction For Meme Coins, AI & DeFi Coins For 2025
Bitcoin2 months agoExpert Sees Bitcoin Dipping To $50K While Bullish Signs Persist
24/7 Cryptocurrency News3 months agoAptos Leverages Chainlink To Enhance Scalability and Data Access
Bitcoin5 months agoBitcoin Could Rally to $80,000 on the Eve of US Elections
Altcoins2 months agoSonic Now ‘Golden Standard’ of Layer-2s After Scaling Transactions to 16,000+ per Second, Says Andre Cronje
Bitcoin5 months agoInstitutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals
Opinion5 months agoCrypto’s Big Trump Gamble Is Risky
Price analysis5 months agoRipple-SEC Case Ends, But These 3 Rivals Could Jump 500x
✓ Share: