24/7 Cryptocurrency News
Is Ripple Vs. Bitcoin The New Threat In Crypto After US SEC?
In the latest XRP news, Ripple has faced massive criticism from prominent figures in the crypto market amid rumors over a potential US XRP Reserve. With the US SEC no longer serving as a common adversary, Bitcoin maximalists have turned their frustration toward Ripple. Prominent figures in the industry call this rift the next big threat, sparking debates over a potential Ripple vs. Bitcoin war.
XRP News: Ripple Vs Bitcoin Is Focus Amid Trump’s Crypto Reserve Plan
In the latest XRP news, the speculation around a US national crypto reserve has added fuel to the growing tension of the Bitcoin maxis. President Donald Trump hinted at moving away from a Bitcoin Strategic Reserve toward a broader crypto reserve. This has raised suspicions about XRP becoming part of the national balance sheet, sparking a Ripple Vs Bitcoin war.
Notably, following this, a flurry of Bitcoin maxis and prominent crypto figures have slammed Ripple. FOX journalist Eleanor Terrett described the situation as “open warfare” between crypto communities, highlighting the unprecedented hostility. Besides, she also questioned that as the US SEC thread diminished under Trump’s pro-crypto era, the crypto communities started “warring” among themselves.
Meanwhile, Bitcoin Magazine urged its followers to reject XRP, stating, “Bitcoin only” on America’s balance sheet. Similarly, Exodus co-founder JP Richardson expressed his belief that Bitcoin, not XRP, should preserve national wealth.
Adding to the criticism, Julian Fahrer of Apollo Sats labeled Ripple’s ecosystem an “insider trading operation.” Jack Mallers, CEO of Strike’s parent company Zap, accused Ripple of undermining Bitcoin and lobbying aggressively against the Bitcoin Strategic Reserve.
Ripple Faces Criticism For ‘Lobbying’ Efforts
Ripple faces immense criticism amid speculations over a potential US XRP Reserve. Riot Platforms VP Pierre Rochard accused the firm of advancing its agenda at Bitcoin’s expense. Rochard claimed Ripple targeted Bitcoin mining during the Biden administration and alleged it anticipated Kamala Harris’s support for a CBDC built on its platform.
Messari Crypto co-founder Ryan Selkis echoed similar concerns, accusing Ripple of lobbying to derail the Bitcoin Strategic Reserve. Selkis argued that XRP’s inclusion in a national crypto reserve undermines Bitcoin’s credibility, calling it unnecessary.
Brad Garlinghouse and Pro-XRP Enthusiasts Comes In Support
Ripple CEO Brad Garlinghouse dismissed allegations of undermining Bitcoin. He argued Ripple’s lobbying supports innovation and increases the likelihood of a balanced strategic reserve, potentially including Bitcoin. Garlinghouse reiterated Ripple’s commitment to advancing the US crypto landscape.
While critics remain vocal, Flare co-founder Hugo Philion also expressed optimism about XRP’s future. He emphasized 2025 as a pivotal year for XRP and Flare’s growing role in the ecosystem. Pro-XRP lawyer Bill Morgan also praised CoinShares’ recent XRP ETF filing, stating, “The market wants exposure to XRP.”
Will XRP Price Continue To Rally?
XRP price today slumped 2.5% to $3.10 amid a broader crypto market downturn. Its trading volume also fell 42% to $5.1 billion. However, despite that, recent reports indicate a continuing rally of the crypto, especially under the Trump administration and other positive XRP news.
Notably, US-based crypto like XRP, Solana, and others, have received immense traction as Donald Trump reiterated his stance to make the US the crypto capital. In addition, the latest XRP ETF filings also hint at increasing institutional confidence towards the crypto.
On the other hand, a flurry of experts anticipate a potential settlement or conclusion to the long-running XRP lawsuit. Having said that, a recent report also indicates a potential XRP price rally to $15 once the lawsuit ends. Considering all these aspects, it appears that Ripple’s native crypto is likely to hit new highs in the coming days.
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
Binance-based Mubarak meme coin has witnessed huge trading activity surging by another 70% today and moving to $.20 with its market cap hitting $200 million just within two days of launch. An early trader of the meme coin has managed to earn a 4860x return just within two days of launch, converting his $232 investment to a $1.1 million return.
Mubarak Meme Coin Trader Mints Huge Profit
Blockchain analytics platform LookonChain recently pointed out that a trader has achieved extraordinary profits from the newly launched BNB Chain-based meme coin, the Mubarak token. A savvy trader managed to turn an initial investment of just 0.4 BNB ($232) into over $1.1 million, achieving a staggering 4,860x return.
The trader purchased 10.5 million $MUBARAK tokens for $232 and later sold part of the holdings for 576 BNB, worth approximately $363,500. Currently, the trader retains 5.16 million tokens, valued at $764,000, spread across three wallets.
What’s Behind This New Meme Coin Frenzy
The Mubarak meme coin has gained significant traction in the last two days following an investment by Binance founder Changpeng Zhao. This announcement was enough to garnet significant trader attention leading to a sharp rally in a very short time period.
Furthermore, the listing of this meme coin on the Binance Alpha platform has led to a huge trading activity around it. Pseudonymous crypto analyst Thanos has expressed strong optimism about the token, describing it as a “no-brainer” investment at its current price levels.
According to Thanos, the recent Binance Futures listing triggered a market shakeout, eliminating overleveraged long positions. With this correction behind, the analyst believes the token can continue its upward trajectory.
BNB Price Rally to Continue?
The launch of the MUBARAK meme coin on the BNB Chain has led to a huge surge in network activity thereby pushing the BNB price higher to the breakout resistance of $630. As a result of this, the decentralized exchange (DEX) volumes on the BNB chain have also skyrocketed.
In a recent milestone, the daily trading volumes on the BNB chain also surpassed that of the popular Solana network. Over the last few months, the meme coin market has been shifting from Solana to Binance, as the latter sees a strong surge in address activity.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
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 price of Bitcoin (BTC) is undergoing bullish consolidation at the moment after the intense selloff in the broader market cooled off. The current outlook shows relief for a coin that dropped as low as $76,624.25 in the past week. Per the historical trend of BTC prices, this consolidation might be a buildup to a massive rally for the top coin.
Bitcoin Price and Potential $200,000 Play
When writing, the BTC price changed hands for $83,927.24, up by 1.38% in 24 hours. The coin has jumped from a low of $82,017.90 to a high of $84,725.32, a show of brewing breakout.
Market analyst Rekt Capital analyzed whether this current price is a short-term relief. He spotlighted a trend from June 2021, when the price of Bitcoin was consolidating between the 21-week EMA and the 50-week EMA. The consolidation came just after a crash.
About a week ago, the BTC price crashed, triggering millions in liquidation across the market. Following this price slump, the coin is consolidating between the same EMA showcased by Rekt Capital.
In June 2021, Bitcoin prices increased from $33,000 to $42,000. This gives an average price of $37,500. From here, the coin jumped by over 123.95% to its current price of $83,927.24. If history repeats, Bitcoin Bitcoin may soar to almost $187,280 or approximately $200,000.
BTC Price and Accumulation Trend
According to market data from Glassnode, Bitcoin currently has a high of 0.1. According to the market analytics platform, this figure indicates sustained buying pressure despite the market selloff.
Rather than steer clear of the market, Glassnode hinted that the coin’s distribution remains dominant overall. Other onchain indications also point to reboot from BTC proponents. IntoTheBlock data points to a 5.34% surge in large transactions to $34.7 billion.
This whale transaction is important as it shows a trend shift among market players that can impact prices. It is also complemented by the 24% surge in BTC trading volume of crypto exchanges, a sign of sustained positive sentiment.
What Next for the Crypto Market?
The growth or fall in the price of Bitcoin has a way of impacting the broader market. In an earlier cryptocurrency price prediction, the impact of Trump and Putin’s peace deal over Ukraine was considered. Experts are convinced the broader market may ignite a bullish rally if the conversations turn positive.
Although spot Bitcoin ETF market has been showcasing outflows over the past week, the coin is positioned to be the biggest beneficiary in this shift. While the Rekt Capital historic forecast teases $200,000, experts like Cathie Wood predict deflationary boom for the market, riding on massive BTC adoption rate by institutions and governments.
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
MUBARAK coin emerged as the latest hot buzz of the crypto sector, securing a prominent mark on traders’ and investors’ radars amid Binance founder CZ’s involvement in the meme coin. CZ recently hinted that he is Mubarak, a shilling cryptic move that sent shockwaves across the meme crypto industry. Now, with the crypto exchange titan itself revealing plans to launch a perpetual contract for the token, market sentiments over the crypto’s price prospects have turned highly bullish.
Notably, MUBARAK price is currently up 22% intraday in the wake of Changpeng Zhao spotlighting the token, further escorted by the CEX’s futures listing.
Mubarak Coin Gains Traction As It Secures Binance Listing
According to an official announcement dated March 17, Binance futures is launching a MUBARAKUSDT perpetual contract today at 13:30 UTC. The platform’s colossal user base remains primed to enjoy up to 25x leverage trading the new token.
This announcement by one of the top crypto exchanges ignited optimistic waves, paving the way for further investor interaction with the new asset. As market participants look to capitalize on emerging opportunities, a gush of money inflow into this meme token remains anticipated.
In turn, bullish market sentiments about MUBARAK coin’s price prevail across the broader market.
Is Binance’s CZ Mubarak?
CoinMarketCap’s data about this new token reveals that “CZ just subtly acknowledged that he’s Mubarak,” a cryptic move that sparked market discussions globally. On the other hand, a recent CoinGape report spotlights that CZ also bought $600 worth of the new meme coin, sparking a market frenzy.
When coupled with Binance’s futures listing, these developments add an extra layer of market optimism to the new token.
What’s More In The Listing Announcement?
Apart from enhanced trading support for MUBARAK coin, the crypto exchange behemoth unveiled Bubblemap’s (BMTUSDT) perpetual contract with up to 25x leverage. This announcement triggered 43% gains in the asset, reaching $0.1289, as indicated by the intraday trading chart.
MUBARAK Price Surges Over 20%
As of press time, MUBARAK price witnessed a 22% pump and exchanged hands at $0.09902. Notably, the coin hit an intraday peak of $0.1458, which was in sync with Binance’s announcement. Further, traders reacted positively to the abovementioned developments, as signaled by a 120% increase in the asset’s intraday trading volume to $165.45 million.
More Support From Binance?
Simultaneously, it’s noteworthy that in a previous announcement on Binance Alpha, the crypto exchange revealed support for the Mubarak coin. Binance Alpha is a platform featuring tokens that can be potentially considered for listings on the exchange moving ahead.
Overall, traders and investors anticipate potential gains in this newly launched token amid rising market demand and interest.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
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
CryptoQuant CEO Sounds The Alarm
South Korea Dismisses Establishing Strategic Bitcoin Reserve
TokenPicks Launches Reward System to Incentivize Crypto Education
Ethereum leadership now eyes Solana-style growth, Dragonfly’s Qureshi says
SEC’s Uyeda Signals Possible Revisions to Crypto Custody Rule
Mubarak Meme Coin Trader Turns $232 Into $1.1 Million, Here’s How
Solana Protected Gender Identity Before Panning It in Anti-Queer Ad
Musk says he found ‘magic money computers’ printing money ‘out of thin air’
XRP To Triple Digits? Analyst Confident In $100 Price Goal
What Are They And What Do They Do?
Trader Predicts Crypto Rallies Amid Expectations of Fed Monetary Policy Shift – But There’s a Catch
Solana’s 5th birthday highlights explosive growth and trading activity: Mercuryo
Trump, Associates Net $390 Million Payday From World Liberty Token Sale
Bitcoin Price Eyes $200,000 Breakout If This History Aligns
Gold-Backed Tokens Outperform as ‘Bond King’ Gundlach Sees Precious Metal Hit $4,000
24/7 Cryptocurrency News4 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 News2 months agoAptos Leverages Chainlink To Enhance Scalability and Data Access
Bitcoin4 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
Bitcoin4 months agoInstitutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals
Opinion4 months agoCrypto’s Big Trump Gamble Is Risky
Price analysis4 months agoRipple-SEC Case Ends, But These 3 Rivals Could Jump 500x
✓ Share: