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Price analysis 7/24: SPX, DXY, BTC, ETH, XRP, BNB, ADA, DOGE, SOL, MATIC
Price analysis 7/24: SPX, DXY, BTC, ETH, XRP, BNB, ADA, DOGE, SOL, MATIC

Bitcoin is at the pivotal 50-day SMA support, and a drop below this level could result in accelerated selling of BTC and altcoins.

Cointelegraph·2023/07/24 11:00
Why is XRP price down today?
Why is XRP price down today?

XRP price is down today, like other top crypto assets, as traders anticipate a Federal Reserve rate hike this week.

Cointelegraph·2023/07/24 09:43
Implications of Ripple-SEC Court Ruling for Wider Crypto Industry Are Unclear: Bank of America
Implications of Ripple-SEC Court Ruling for Wider Crypto Industry Are Unclear: Bank of America

Ripple’s XRP offerings are unique, and the wider applications of the court’s ruling are difficult to determine, the report said.

Coindesk·2023/07/24 09:02
Bitcoin Dawdles Below $30K as Investors Eye Coming Fed Rate Decision, BTC Options Expiry
Bitcoin Dawdles Below $30K as Investors Eye Coming Fed Rate Decision, BTC Options Expiry

Next week’s U.S. central bank interest rate decision and the bitcoin options expiry are unlikely to move markets, which have been stuck for weeks.

Coindesk·2023/07/21 21:46
Chainlink’s LINK Pops 15%, XRP Loses Steam as Bitcoin Revisits $29.6K Range Lows
Chainlink’s LINK Pops 15%, XRP Loses Steam as Bitcoin Revisits $29.6K Range Lows

Tech stocks such as Tesla and Netflix, which crypto prices tend to correlate with, sold off during the day as investors shied away from risk assets.

Coindesk·2023/07/20 20:52
XRP Moving Above 'Cloud' Resistance is Bullish for Bitcoin: Analyst
XRP Moving Above 'Cloud' Resistance is Bullish for Bitcoin: Analyst

We view XRP's breakout above the Ichimoku cloud as a good example for bitcoin, Fairlead's Katie Stockton said.

Coindesk·2023/07/20 05:38
XRP Soars 10%, Lifting Altcoins as Bitcoin Dominance Teeters at 1-Month Low
XRP Soars 10%, Lifting Altcoins as Bitcoin Dominance Teeters at 1-Month Low

Bitcoin’s stall despite a recent wave of positive crypto news is a cause for concern, one observer said.

Coindesk·2023/07/19 21:44
XRP Futures Set Open Interest Record High for 2023
XRP Futures Set Open Interest Record High for 2023

Open interest on XRP-based futures contracts crossed the $1.1 billion mark in the past 24 hours.

Coindesk·2023/07/19 09:46
XRP’s 60% Weekly Gain Defies Broader Crypto Slump as Bitcoin Stalls Below $30K
XRP’s 60% Weekly Gain Defies Broader Crypto Slump as Bitcoin Stalls Below $30K

Crypto index funds potentially adding XRP to their holdings could mean additional buying pressure for the token, one analyst said.

Coindesk·2023/07/18 21:48
Bitcoin Dips Below $30K to Lowest Since Late June as Altcoins Pare Gains From XRP Lawsuit
Bitcoin Dips Below $30K to Lowest Since Late June as Altcoins Pare Gains From XRP Lawsuit

Ripple's XRP, Solana's SOL and Lido Finance's LDO lost more than 4% in the last 24 hours.

Coindesk·2023/07/17 19:52
Flash
05:42
Institution: The Federal Reserve's April meeting is of limited significance, the June meeting is more noteworthy
Golden Ten Data reported on April 28 that John Luke Tyner, Head of Fixed Income at Aptus Capital Advisors, stated in a report that this week’s Federal Reserve meeting will offer clues as to which officials are inclined to respond to energy-related inflation and which view it as a temporary factor. He noted that the tone of this meeting is dovish, with neither a dot plot nor, most likely, any policy actions expected, which “paves the way for a dramatic situation in June,” when it is highly likely that Kevin Walsh will preside over the meeting. Tyner added that a new dot plot will be released in June, and there will be more time to clarify the situation in the Middle East and its impact on the economy and inflation.
05:33
Investment firm Baird announced an upgrade of Old Dominion Freight Line's stock rating from "Underperform" to "Neutral", while significantly raising its target price from $204 to $229.
This rating adjustment reflects analysts’ recognition of the fundamental improvements within the freight logistics company. The target price was raised by 12.3%, indicating that Baird holds a more optimistic outlook for the company’s future performance. The rating jumped directly from "Underperform" to "Neutral", a leap that is relatively rare in Wall Street’s analyst rating changes and usually signals a significant improvement in the company’s operating condition. As a leading enterprise in the less-than-truckload freight sector, Old Dominion Freight Line’s recent performance has attracted close market attention. This rating upgrade may be based on positive expectations regarding its revenue growth, margin improvement, or expansion in market share.
05:31
Odaily Midday News
1. The nomination of Wash for Chairman of the Federal Reserve will be subject to a full Senate vote on April 29. 2. Despite the withdrawal of the acquisition, Manus investors have received their returned funds. 3. A whale withdrew ETH worth 9.98 million US dollars from an exchange. 4. Arthur Hayes: More focused on Wash's asset and liability position rather than the short-term interest rate path. 5. ZachXBT questioned whether the Sam Altman-affiliated project World is acquiring biometric data from users in low-income countries by distributing tokens. 6. AAVE announced the rsETH recovery technical solution and plans to synchronously repair both collateral support and damaged positions. 7. Trader CryptoD bought SCAM early and profited more than 80 times.