Precio de Sonic (prev. FTM)S

SEC vs Ripple – How Ethereum’s case study can be used to defend XRP The verdict could set a longstanding precedent in the United States. XRP has reached a new milestone, with its address count soaring to 6.87 million – Indicating growing interest despite Ripple’s ongoing legal battle with the SEC. At the heart of this fight is whether XRP should be classified as a commodity, similar to Ethereum, which successfully transitioned from an ICO-funded asset to one recognized as a commodity by regulators. Ripple’s defense hinges on this parallel, arguing that XRP too has evolved into a purely traded asset, independent of its initial fundraising purposes. Source: X XRP’s price may be cooling down, but on-chain data tells us a different story. For example – The number of XRP addresses steadily climbed to 6.87 million by 12 March, signaling growing user adoption. This, despite the price dropping from $2.90 .

#BREAKING: Pi Network Users Left Stunned as Coins Vanish from Mainnet - What's Happening? There's been a recent buzz around Pi Network, with some users reporting that their Pi coins have been returned from the mainnet to the application. This phenomenon has left many wondering what's behind this sudden change. It appears that some Pi coins that were successfully transferred to the mainnet and reflected in the Pi Wallet have now been returned to the mining app with a "Returned" status. This means that the coins are no longer on the blockchain and need to be migrated again. Possible causes for this reversal include migration errors, which might be due to a system bug that reversed some transactions. However, it's essential to note that the Pi Network is still in its development phase, and such issues are not uncommon. In June 2024, the Pi Core Team returned over 9 million Pi Coins from wallets back to the application, aiming to enhance network integrity and ensure fair distribution. While this move was seen as a positive step towards transparency and fairness, the recent reports of Pi coins being returned from the mainnet have sparked concerns among users. If you're affected by this issue, it's recommended that you check your Pi app for any updates or notifications regarding the migration process. You can also refer to the Pi Network's official resources or community forums for more information and guidance.

Bitcoin Hype Surges in Russia as Trump Signs Bitcoin Strategic Reserve (BSR)! Russia showed multiple activities around Bitcoin & Cryptocurrencies, as Donald Trump signed an executive order to approve the Bitcoin Strategic Reserve (BSR). Russia has a mixed stance around Cryptocurrencies. Before 2022, the Bank of Russia, the country’s national central bank, was planning to introduce a Crypto ban framework in the country, but in Q1 of 2022, the Russia vs Ukraine war changed the country’s economic conditions, forced the country to adopt blockchain technology & cryptocurrencies and fight against the financial sanctions imposed by the western countries. Local media reports confirmed that Russia has now officially shifted to crypto-backed payment services to back cross-border trade settlements. That means all the Russian allies are using Bitcoin & cryptocurrencies to complete the payment against the .

Crypto Faces Uncertain Future As Trump’s ‘Short-Term Pain’ Plan Unfolds US President Trump’s outspoken acceptance of near-term economic hardship has placed risk assets—including Bitcoin (BTC) and the broader crypto market—under mounting pressure. According to a thread by The Kobeissi Letter on X, President Trump’s strategy revolves around tolerating significant “short term pain” in order to drive down inflation and facilitate the refinancing of over $9 trillion in US debt. Will Crypto Survive Trump’s ‘Short-Term Pain’ Strategy? The impact on cryptocurrencies has been immediate and pronounced. While US equities have shed an estimated $5 trillion in market value this year, digital assets have also suffered steep losses. Since President Trump’s inauguration on January 21, Bitcoin (BTC) has declined by approximately -23%, Ethereum (ETH) has tumbled by roughly -43% and the broader crypto .

🌟 Let's delve into the latest technical analysis of Bitcoin (BTC) paired with the US Dollar (USD). Recent patterns suggest a potential downward move offering an attractive 1:30 risk-reward ratio. Let's explore the details! 📉 Current Market Structure Bitcoin has been consolidating within a rectangle pattern, indicating market indecision. This consolidation has confined price movements, preventing a clear directional bias. Currently, BTC is testing a strong resistance level, and a breakout from this rectangle could signal a significant price movement. Key Technical Levels Resistance: The price is challenging a robust resistance zone around $84,000. A successful breach above this level could invalidate the bearish outlook. Support: Immediate support lies near $82,000. A decisive break below this level could trigger further downside towards the $73,000 mark, as highlighted by recent analyses. Technical Indicators Relative Strength Index (RSI): The RSI is approaching overbought territory, indicating potential bearish divergence and the possibility of a price correction. Moving Average Convergence Divergence (MACD): A bearish crossover has been observed, suggesting increasing selling pressure. Volume: A surge in selling volume could confirm the anticipated downward move; conversely, weak volume might lead to a false breakdown. Trading Strategy Short Entry: Consider entering a short position upon confirmation of a breakdown below the $82,000 support level with substantial volume. Stop-Loss: Place a stop-loss order above the recent swing high to mitigate potential risks. Risk Management: Adhere to strict risk management principles by limiting exposure to no more than 1% of your trading capital per trade. Conclusion The current technical setup of Bitcoin suggests a potential downward move with a favorable risk-reward ratio. However, it's crucial to await confirmation from price action and volume before making trading decisions. Always practice prudent risk management and adhere to your trading rules to enhance your trading proficiency. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. Stay safe and happy trading! $BTC