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The latest price moves in crypto markets in context for July 19, 2023.
The burned tokens are now permanently destroyed, which makes circulating tokens more valuable if demand increases.
Open interest on XRP-based futures contracts crossed the $1.1 billion mark in the past 24 hours.
The balance held in wallets tied to centralized exchange has surged by 50% in three days, per Glassnode data.
Ether posted nominal gains in the past 24 hours alongside the broader market.
ProShares’ Bitcoin Strategy ETF (BITO) has hit an all-time high bitcoin equivalent exposure of 4,425 BTC.
Stride's native token STRD trades 0.7% higher as the transition is expected to beef up the liquid staking protocol's security by several thousand percent.
PLUS: Last week's partial court victory for Ripple last week buoyed Coinbase's share price by clarifying a nettlesome regulatory issue. The company still needs to recapture trading volume but seems headed for better times, an analyst says.
Crypto index funds potentially adding XRP to their holdings could mean additional buying pressure for the token, one analyst said.
Today’s downside breach below the current low point of Bollinger Band bears watching for even weaker prices in the near future.
- 21:41WTO Director-General: US tariff hikes will have huge impact on global trade and economic growth prospectsWorld Trade Organisation (WTO) Director-General Iweala said on 3 March that the US tariff increase will have a huge impact on global trade and economic growth prospects. Iweala said in a statement on the same day that the WTO is closely monitoring and analysing the tariff measures announced by the United States on the 2nd, and is actively responding to members' questions about the potential impact on their economies and the global trading system.
- 21:01The dollar index fell sharply by 1.67 per cent on 3 daysThe dollar index, which measures the greenback against major currencies, fell 1.67 per cent on the day to close at 102.073 at the end of the currency market, Gold Finance reported.
- 20:56Strategists keep an eye on whether the S&P 500 can hold key pointsFollowing Trump's tariff actions, the S&P 500 is at a key technical point and could face a longer-term decline if it fails to hold it.During the April 3 session, the S&P 500 came to a corrective level near 5,500 points. Technical analysts who look at averages and other indicators to determine market momentum note that there are few points below this key psychological position that could attract buying on the downside. ‘There's a hint of panic in the air,’ said Jay Woods, chief global strategist at Freedom Capital Markets. ‘Trump and Treasury Secretary Besant are trying to sell Americans on this trade war, but the stock market isn't buying it. People are tired of the rhetoric, they don't see what the tariffs are going to do other than potentially plunge the U.S. into a recession, and are now rushing to get their money out of the market.’