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U.S. regulatory agencies recently changed their policies enabling national bank operations within the cryptocurrency market. The Office of the Comptroller of the Currency (OCC) approved national banks to provide crypto custody services and operate with distributed ledger networks as well as offer selected stablecoin opportunities. By lifting prior restrictions this decision will affect how Bitcoin functions in the market. OCC Removes Regulatory Barriers for Banks The OCC indicated that national banks may conduct crypto-related operations under proper risk management standards. The announcement changes previous guidelines by eliminating the need for bank approval from regulators before crypto-related activities. Under the updated policy banks must effectively control their risks no matter what technological methods they apply. Rodney Hood, acting comptroller, stated that the updated guidance ensures regulatory clarity. He added that banks now have the opportunity to explore crypto-related services while maintaining strong risk controls. This shift aligns with broader efforts to integrate digital assets into the financial system. Previous Crypto Restrictions Rescinded The new rules replace previous crypto-specific requirements from the Biden administration that increased regulatory expectations in bank-crypto transactions. Under the previous policy banks were required to contact regulators before starting digital asset business operations plus show effective risk management capabilities. The implemented restrictions compelled financial institutions to reduce their activities within the crypto market. Additionally, the OCC decided to discontinue their participation in regulatory statements that previously warned banking institutions about cryptocurrency volatility. In 2023 the entity expressed intent to supervise crypto transactions between banks instead of issuing a full transaction ban. The elimination of these barriers brought banks enhanced flexibility to bring digital assets into their business operations. Market Response and Bitcoin Price Movement Following the OCC’s announcement, Bitcoin’s price is quoted at $85,794.18, reflecting a 3.74% decline in the past 24 hours. Despite this short-term dip, data suggests that most Bitcoin holders remain in profit. Around 88% of holders acquired BTC at a lower price, while 2% are at breakeven and 10% are at a loss. Ali Charts, a crypto analyst, has identified key price levels for Bitcoin. Strong support is seen at $59,882.62, with substantial buying activity at that level. Resistance is noted at $98,081.72, where a large volume of BTC was acquired. These levels may influence trading behavior in the coming weeks. Institutional Activity and Long-Term Holding Trends Recent on-chain data shows that institutional investors and long-term holders continue to play a major role in Bitcoin’s market stability. Over 73% of BTC supply is held for more than one year, indicating strong confidence in the asset. Additionally, 12% of Bitcoin is controlled by large holders, reducing risks of concentrated market manipulation. Transaction data also reflects increasing institutional involvement. In the past seven days, transactions exceeding $100,000 reached $135.82 billion, showing strong market activity. Moreover, net exchange outflows of $461.89 million suggest that more investors are transferring Bitcoin to private wallets, reducing immediate selling pressure. The OCC’s decision to allow banks to engage in crypto activities is expected to shape the financial sector’s approach to digital assets. As banks enter the crypto space, market participants will monitor regulatory developments and Bitcoin’s price performance closely. The post U.S. Regulators Clear Banks to Enter Crypto—Game Changer for BTC? appeared first on Coinfomania.

The cryptocurrency market is closely watching Chainlink ( #LINK ) as the asset appears to form a double bottom pattern, a classic technical indicator often signals a bullish reversal. According to a chart shared by popular analyst @ali_charts, LINK’s price movement suggests it could break out towards $21 if this pattern holds. 💬 #Chainlink $LINK appears to be forming a double bottom pattern, which could trigger a bullish breakout to $21! — Ali (@ali_charts) March 7, 2025 Chainlink is trading around $17.18, showing signs of recovering from its previous downturn. The double bottom formation is characterized by two distinct troughs at a similar price level, separated by a moderate peak. This pattern typically indicates a strong level of support, where buyers step in to prevent further declines, potentially leading to a sharp upward movement. The double bottom pattern is widely recognized among traders as a bullish reversal signal. It forms after a prolonged downtrend and signifies that selling pressure is weakening while demand increases. If Chainlink confirms this formation by breaking above the resistance level near $17.50, it could pave the way for a significant rally toward the $21 target. Examining Chainlink’s recent price action, the asset initially declined sharply, reaching a local bottom near $13.40 before rebounding. A second decline tested the same support zone, reinforcing its strength. The subsequent bounce suggests growing bullish sentiment, with buyers absorbing selling pressure at these levels. The key confirmation of the pattern lies in Chainlink breaking above the intermediate resistance at $17.50. A decisive move beyond this level would validate the bullish outlook and increase the probability of LINK rallying toward the $21 mark, where the next significant resistance could be encountered.

The post XRP Price Prediction For March 8 appeared first on Coinpedia Fintech News XRP has been a major player in the crypto world for years, known for connecting traditional finance with blockchain. With prices nearly 40% down from their all-time high of $3.8, many investors are wondering, is this the perfect time to add XRP? Let’s see what the XRP price prediction says. XRP Stuck In Symmetrical Pattern XRP is showing signs of a major breakout as it trades within a symmetrical triangle pattern. This means that XRP has been moving within a narrowing range, forming lower highs and higher lows. According to crypto analyst Ali Martinez, this formation suggests that XRP could soon see a 23% price movement in either direction. As of now, XRP is trading around $2.34 reflecting a drop of 7.5% seen in the last 24 hours. If XRP breaks above the triangle and records a 23% surge it could climb near to $3. However, if the price falls below support, XRP might drop to around $1.81 What Could Trigger the Breakout? Several factors could push XRP out of this consolidation phase. One key reason could be the ongoing legal battle between Ripple and the U.S. SEC. If positive news comes out from the recent close-door meeting, it might boost investor confidence and push the price higher. On the other hand, uncertainty in the case could lead to a downward move. Market conditions also play a key role. If Bitcoin and other cryptocurrencies stay strong, XRP could move upward. But if selling pressure increases, XRP might lose momentum and break downward instead. In addition to this, any advancement in the process of XRP ETF could be positive news for XRP. RSI Indicators & Resistance Level To Wach Technical indicators suggest that the Relative Strength Index (RSI) is currently at 45, showing that XRP is neither overbought nor oversold. If it moves above 60, it could signal strong buying pressure, while a drop below 40 might indicate weakness. At the same time, Bollinger Bands shows that XRP recently touched the upper band near $2.87 but faced rejection, causing the price to settle around $2.50. Now, XRP is testing a key resistance level that has influenced its price before. If it manages to rise above $2.598, which aligns with the 0.118 Fibonacci retracement level, it could break higher toward $3.05.

According to analyst Ali’s analysis on X, Cardano ($ADA) is trading within a descending triangle pattern, hinting at a possible 33% price movement. The cryptocurrency currently hovers around $0.806, experiencing a 1.47% decline in its latest session. The support level stands firm at $0.77-$0.78, while the downward resistance line continues to pressure the price lower. The price has formed lower highs, indicating weakening bullish momentum. Sellers dominate near resistance, making it difficult for the price to break above. If the price drops below the support, it could lead to further downside. Conversely, a breakout above resistance may signal a trend reversal. Earlier in the timeframe, Cardano saw a sharp 33.19% decline, losing $0.39 in value. Although the price attempted a recovery, it continuously faced rejection at the resistance line. The compression within the triangle suggests a breakout is imminent, but market direction remains uncertain. Moreover, historical data shows that descending triangles tend to break downward. Since ADA has been in a downtrend, the probability of a bearish breakout increases. However, price action near the lower boundary remains key. Buyers must defend support levels to sustain any bullish momentum. Volume data remains absent, making it challenging to confirm a potential breakout direction. While short-term action remains uncertain, historical patterns suggest a bullish breakout could lead to a rally. If Cardano holds above $0.80 and clears the $1.20 resistance, a surge toward $10 remains possible. Looking at past performance, ADA experienced a massive rally in 2020, surging 2,600.91% in 287 days. Before this move, the price corrected 56.20%, forming a base before breaking out. The current market cycle appears similar, with a prolonged accumulation phase before a potential explosive move. Should the historical pattern repeat, ADA could surge toward $15.950, representing a 1,960.47% gain over a similar 287-day timeframe. Support and resistance levels from past cycles align with the present market structure, reinforcing the likelihood of a breakout. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

The cryptocurrency market continues to experience volatility, with Stellar Lumens (XLM) and Ripple’s XRP standing out as two of the most closely watched digital assets. Both assets have shown impressive gains over the past week but are currently facing short-term pullbacks. In an X post, Ali Martinez explained that “Since November 2024, Stellar appears to be forming a bullish flag. The 600% rally seen in November created the pattern’s flagpole, and the consolidation phase we have seen since then is forming the pattern’s flag. Now, a sustained break above the $0.42 resistance could trigger a bull run to $1.60 , representing a 300% price increase.” A bullish flag is a classic technical pattern where a strong price rally (flagpole) is followed by a consolidation phase (flag), before another potential surge. If XLM breaks past $0.42, traders could see a significant upside in the coming weeks. Over the past week, XLM has seen a 14.26% increase, but it has dropped 2.36% in the past 24 hours. Meanwhile, XRP has shown mixed signals, increasing 24.71% in the past week but dropping 3.06% in the last 24 hours to trade at $2.54. While XRP’s price action remains volatile, Martinez also pointed out that the TD Sequential indicator is flashing multiple sell signals on XRP’s two-week chart, suggesting a potential momentum shift. This could indicate a pullback or consolidation before the next major move. The TD Sequential indicator is flashing multiple sell signals on the $XRP two-week chart, suggesting a potential shift in momentum! pic.twitter.com/SiyV454FIY — Ali (@ali_charts) March 7, 2025 However, despite these bearish signals, XRP whales have been aggressively accumulating. The analyst reported that whales bought over 90 million $XRP in the last 72 hours. This whale activity suggests that institutional and high-net-worth investors are still betting on XRP’s long-term potential, even amid short-term price fluctuations. In the broader crypto market, Bitcoin (BTC) has also been in the spotlight, with recent price action drawing significant attention. Analyst Ali highlighted strong buy-side interest from whales after BTC dipped below $88,000 on February 24. Since then, Bitcoin has rebounded, currently trading at $89,077 after gaining 10.80% in the past week. Martinez noted that whales have accumulated over 20,000 BTC since the dip, signaling confidence in the asset at these levels. Historical data further suggests that BTC may be approaching a trend reversal. The trader loss margin, a key indicator, has historically triggered a Bitcoin rebound when it reaches -12 %. At present, it sits at -15.4 %, which could indicate that BTC is primed for a strong comeback. Another bullish factor supporting Bitcoin’s outlook is the declining exchange supply as investors move their BTC into long-term storage. Martinez pointed out that over the past two weeks, more than 25,000 BTC have been withdrawn from exchanges. This shows that both traders and institutions are holding onto their BTC in anticipation of a price increase, reducing the available supply on exchanges and potentially driving prices higher. Recent developments on the regulatory front have further influenced crypto dynamics, adding to the market’s momentum. U.S. President Donald Trump recently announced the formation of a new strategic reserve of cryptocurrencies, including Bitcoin, Ethereum (ETH), Ripple, Solana (SOL), and Cardano (ADA).