AltcoinDaily (2025)

26/07/2023

Bitcoin’s Price Stagnancy Prompts Pivot to Altcoins but Interest in Speculative Assets Remains Limited
Bitcoin has been trading within the $28k to $32k range for nearly four months.
Further analysis reveals bearish sentiment and more traders calling for price tops and mentioning “selling.”
On the brighter side, the percentage of Bitcoin-related discussions by traders (compared to the top 100 altcoins) is still hovering in a region that the firm deems to be a “healthy” area.
Contrastingly, a low rate of BTC discussion may reflect a worrisome trend of traders being excessively focused on altcoins and assets that are designed for short-term gains (rather than long-term sustainability for the crypto sector).
Fear of making the wrong decision is one thing, but there is an almost eerie indifference washing over the crypto discussion forums as of now.”
However, this trend will also be temporary and will not last forever.

New analysis indicates that traders are unfazed by Bitcoin's plunge below the $30k psychological support level.

26/07/2023

Ethereum (ETH) Buy Signal With 78% Accuracy Flashes
After Ethereum (ETH) once again failed to break the $2,000 level in the 1-day chart, the price has been on a downward slide in recent days.
However, this could now change, as a historically accurate trend indicator shows.
Crypto traders and analysts constantly seek reliable indicators to navigate the turbulent market.
According to McCann, historical data showcases the TD9 buy signal’s remarkable accuracy for ETH, with a win rate of nearly 78%.
Noteworthy is March 13, 2018, when the ETH price slid massively after the buy signal.
For example, on December 10, 2018, following the signal, ETH initially rose by 3.7% in the first seven days, but then came a fabulous 53.0% rise in 14 days and 64.5% in 30 days.

With the Ethereum (ETH) price on a downward slide over the past few days, a historically accurate trend indicator flashed.

26/07/2023

Cryptoverse: Ripple effect as explosive XRP leads market charge
July 25 - XRP has become the unlikely white knight of crypto, thwarting its regulatory foes and dragging the market out of the doldrums.
Indeed, the altcoin market cap has jumped to $665.2 billion from $636.38 billion before the ruling, according to CoinGecko, while a Cryptoquant index of the prices of the coins targeted as potential securities by the SEC has jumped 11%.
"For the first time, it seems like we have rules of the road for how to evaluate these tokens," said Ben Weiss, CEO of crypto ATM network CoinFlip.
He pointed to the massive growth of U.S. dollar stablecoins since 2020 as a factor for eroding XRP's usage in settlements and remittances, as those tokens became favored for use in cross-border payments.

XRP has become the unlikely white knight of crypto, thwarting its regulatory foes and dragging the market out of the doldrums.

26/07/2023

X-inspired coins pump and dump as Elon Musk revamps Twitter
Since Twitter's rebranding to X, several projects have come up, pumping and dumping as they pedal the ticker X. Among them, AI-X, X-Coin, and X token have recorded massive pumps and dumps, causing concern.
The incident underscores the need for thorough research and due diligence before investing in a cryptocurrency.
X is the current euphoria in the crypto landscape after Twitter CEO Elon Musk's recent move to rebrand the giant social media platform to X. Following the announcement, multiple coins have emerged, pedaling the X ticker with hopes of rallying on the hype.
The low volatility left traders and investors susceptible to promising alternatives offering more volatility.
It is also worth mentioning that low market cap projects were doing well during Bitcoin's muted moment, also leaving investors vulnerable to enticement.

X is the current euphoria in the crypto landscape after Twitter CEO Elon Musk's recent move to rebrand the giant social media platform to X. Following

26/07/2023

PacWest stock flash crash recovers after rescue merger with Banc of Cali
Shares in PacWest bank flash crashed by 27% on July 25 only to quickly recover in after-hours trading on the news it had merged with the Banc of California.
PacWest Bancorp (PACW) stock slumped from $10.33 to $7.50 in late trading on July 25, sparking concern among the finance and crypto community — with some asking if “the next banking collapse” was starting.
$44 billion bank PacWest Bancorp $PACW crashed over 25% today Is the next banking collapse starting right now?
The banks combined are expected to have around $36 billion in assets and over $25 billion in total loans.
Related: US regional bank shares sink despite Fed calling banking system ‘sound’ PacWest shareholders will get 0.66 of a share of Banc of California common stock.

PacWest Bancorp and the Banc of California will be merging after the American banking system was rattled earlier this year.

25/07/2023

Binance and CZ Will Pursue CFTC Case Dismissal
Binance’s legal team filed a motion in an Illinois district court yesterday evening, notifying the judge presiding over the case that two separate requests to dismiss charges against Binance and CZ will be served on the 27th of July.
Binance’s request is the third of its kind in the crypto industry over the past month, with Coinbase and Bittrex attempting the same strategy.
So far, the court has not ruled on either request.
Request to Exceed Document Page Limit Aside from notifying the CFTC of the intent, Binance’s lawyers have also requested an exemption from the 15-page limit usually enacted for requests of this sort.
“Defendants endeavored to comply with the page limit of Local Rule 7.1.

A bold move previously attempted by Coinbase and Bittrex will now be undertaken by Binance too.

25/07/2023

Bitcoin Witnesses Historic Whale Exodus: What You Need To Know
Bitcoin whales are witnessing a historic exodus.
Bitcoin Whales’ Impact: Unveiling The Numbers In a remarkable revelation, the research highlights the substantial impact of whales on recent market activity.
In the last 30 days, the report states, “Whale Flow to Exchanges witnessed the largest monthly balance decline in history, hitting -148,000 BTC/month.”
Notably, this whale dominance accounted for 41% of all exchange inflows, which is comparable to both the LUNA crash (39%) and the failure of FTX (33%).
Each rally in 2023 has seen heightened profit taking.

Bitcoin whales are witnessing a historic exodus. Glassnode has shed light on the significant shifts within the whale cohort.

25/07/2023

CoinShares' weekly report shows a $6.5 million outflow in digital asset investment products, despite $742 million in inflows over four weeks. Despite a $13 million outflow in Bitcoin-focused products, there was a $6.6 million inflow in Ethereum-focused products. XRP is gaining more trust among investors, with $6.8 million in XRP-focused products in the last 11 weeks. Bitcoin (BTC) experienced an average loss of 3% in the last 24 hours, dropping below $29,000 price levels. The total market value decreased to $1.17 trillion, and over $150 million worth of short and long positions were liquidated in the past 24 hours. Ethereum (ETH) also suffered a loss of over 2% in the last 24 hours, trading at $1845.

CoinShares Report Highlights CoinShares, the digital asset manager, has published its weekly report sharing data on fund inflows and outflows in digital asset investment products. According

25/07/2023

First mover Asia: Bitcoin holds its latest foothold at $29.1K while Worldcoin soars
Prices Worldcoin (WLD) outperforms the market As Asia continues its trading week, bitcoin is opening Tuesday down 3% to $29,179, while ether is down 2.1% to $1,850.
The question is, how long will this run last for?
Crypto always loves a new shiny thing, but WLD has real-world privacy and centralization implications.
According to a CoinShares report Monday, Bitcoin (BTC) investment products suffered a $13 million outflow last week, reversing the trend of consecutive weeks of massive inflows as investors instead favored funds focusing on smaller cryptocurrencies such as ether (ETH) and Ripple’s XRP, crypto asset manager.
Spot bitcoin ETF applications by BlackRock and other financial service giants are now June ghosts with a Securities and Exchange Commission approval unlikely any time soon and BTC's price languishing.

As Asia continues its trading week, bitcoin is opening Tuesday down 3% to $29,179, while ether is down 2.1% to $1,850. The CoinDesk Market Index is do

25/07/2023

US crypto's future could fall on these 4 digital asset bills
Since 2022, there have been at least 50 digital asset bills reportedly introduced to Congress, aiming to govern everything from stablecoins to the jurisdictions of United States regulators.
The crypto asset industry is here to stay.
Digital Asset Market Structure Bill (DAMS) Introduced on June 1, DAMS is another bill aiming to define the crypto-related roles of the SEC and CFTC and set a framework for the regulators to make determinations on if certain cryptocurrencies are securities or commodities.
1/ We’re proud to support the re-introduction of the Digital Commodity Exchange Act (DCEA).
Related: Congress may be ‘ungovernable,’ but US could see crypto legislation in 2023 The descriptively titled Crypto Consumer Investor Protection Act and the Crypto Exchange Disclosure Act were introduced in December 2022 but haven’t seen much movement since.
Warren vowed its reintroduction in February but that action is yet to happen.

Dozens of bills aiming to regulate the U.S. crypto industry are reportedly before Congress but it seems four have the most support and could drastically change the crypto industry if passed.

24/07/2023

Ripple (XRP) Boss Brad Garlinghouse Lambastes SEC for ‘Creating This Mess’
The Ripple boss has lambasted the federal regulator after its expressed intentions to appeal the recent ruling.
On July 23, Garlinghouse said an important topic has come up about protecting retail, adding: “The SEC created this mess by proclaiming it was the cop on the crypto beat when it had no legal jurisdiction.”
An important topic has come up about protecting retail.
The notion has been echoed by many industry experts and U.S. lawmakers who assert the SEC is regulating by enforcement beyond its jurisdiction.
XRP Prices Slide The Ripple token exploded more than 80% as the news of the favorable ruling broke.
At the time of writing, XRP was trading at $0.727 after dropping 1.4% on the day.

Ripple's chief executive has spoken out about the U.S. SEC and “the mess” it has made of the regulatory situation for digital assets.

24/07/2023

Bitcoin Cash Price Could Restart Rally To $300 If It Breaks This Resistance
Bitcoin Cash price started a downside correction and tested $230 against the US Dollar.
There was a break above a key bearish trend line with resistance near $242 on the 4-hour chart of the B*H/USD pair (data feed from Kraken).
The pair is likely to accelerate higher if it clears $255 and $265.
If Bitcoin Cash price fails to clear the $255 resistance, it could start a fresh decline.
Initial support on the downside is near the $240 level.
The next major support is near the $232 level, where the bulls are likely to appear.

Bitcoin Cash price started a downside correction and tested $230 against the US Dollar. B*H might aim a fresh rally toward the $280 and $300 levels.

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