Author: Yeek.io

XRP (XRP) extended its downtrend on Feb. 28, down 9% in the last 24 hours to trade at $2.05.What to know:XRP trades in a third bearish session that has seen it lose a key support level at $2.20.The global crypto market capitalization has also dropped 6.6% to $2.66 trillion at the time of publication.XRP/USD four-hour price chart. Source: TradingViewNearly $25.5 million worth of XRP futures positions have been liquidated over the last 24 hours, with long liquidations amounting to $22.2 million.The SEC’s delay to drop Ripple’s case is adding uncertainty to the XRP market.SEC delays dropping Ripple caseXRP has witnessed…

Bitcoin (BTC) dropped close to $78,000 on Feb. 28, but lower levels attracted solid buying by the bulls. CryptoQuant founder and CEO Ki Young Ju said in a post on X that selling after a 30% correction could be a “noob” mistake as Bitcoin rose to a new all-time high after falling 53% in 2021.Select whales seem to be building a position during the dip. A Bitcoin whale, known as “Spoofy,” bought 4,000 Bitcoin worth roughly $344 million when the price was between $82,000 and $85,000. Crypto analyst Saint Pump said on X that Spoofy builds his position “extremely slowly”…

Artificial intelligence (AI) will never become a conscious being due to a lack of intention, which is endemic to human beings and other biological creatures, according to Sandeep Nailwal — co-founder of Polygon and the open-source AI company Sentient.”I don’t see that AI will have any significant level of conscience,” Nailwal told Cointelegraph in an interview, adding that he does not believe the doomsday scenario of AI becoming self-aware and taking over humanity is possible.The executive was critical of the theory that consciousness emerges randomly due to complex chemical interactions or processes and said that while these processes can create…

The market structure of FLOKI on the daily and the 4-hour charts were bearish. Further losses were anticipated as momentum and volume also favored the sellers. Floki [FLOKI] has fallen 31.6% below the lows from November. The entire memecoin sector has seen large losses. In the past month, the sector was down by 41.5%. FLOKI’s losses have not yet halted, and the price has slipped below the 78.6% Fibonacci retracement level based on the rally from March 2024. At present, the swing low from the 3rd of February was the short-term target due to the prevalent trend. How much lower…

Bitcoin and the crypto market at large are surging as President Trump confirms that the US will establish a “crypto strategic reserve.” On Truth Social, Trump says the reserve will include Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Solana (SOL) and Cardano (ADA). Trump’s confirmation triggered a $100 billion surge in the global crypto market, with XRP soaring 37%, SOL 24%, and ADA over 70%, while BTC and ETH rose by 10% and 13%, respectively. Trump framed the reserve as a response to what he called “corrupt attacks” on the crypto industry by the Biden administration, emphasizing his goal to make…

In 2024, meme coins became one of the most traded and discussed aspects of the cryptocurrency sector. Critics argue they give the industry a bad image. Others enjoy the gambling thrills and, at times, mind-boggling returns. If and when the U.S. government steps in to regulate this controversial industry, what will the outcome look like? When the crypto sector earned the moniker “Wild West,” meme coins were to blame. Thousands of new tokens are created daily via platforms like Pump.Fun. Investors — a mix of retail traders, crypto insiders, influencers, and sometimes institutional players — all hope to get an…

Real-world asset (RWA) tokenization can completely overhaul the real estate investment sector, which is highly illiquid, filled with intermediaries, and high transaction costs, according to Polygon CEO Mark Boiron.In an interview with Cointelegraph, the CEO said that tokenization of properties could remove unnecessary intermediaries, thereby lowering transaction costs.The CEO added that fractional ownership and trading tokenized real estate on the secondary markets would open up liquidity and increase the velocity of money. Boiron told Cointelegraph:”The thing you really want is the ability to eliminate the illiquidity discount on real estate. All real estate is illiquid and therefore it’s discounted to…

Biggest gainers: Story [IP], Berachain [BERA], Grass [GRASS]. Biggest losers: Raydium [RAY], Lido DAO [LDO], Ethereum Name Service [ENS]. The cryptocurrency market witnessed significant volatility this week, with dramatic price movements in both directions creating clear winners and losers. While several altcoins posted impressive gains, others experienced substantial declines as market sentiment remained mixed across different sectors. This week’s biggest winners Story [IP]: Sustained momentum continues Story [IP] has emerged as a repeat champion in the crypto markets, posting a 23.5% gain this week following its staggering 200%+ surge the previous week. The token climbed from $4.15 to $5.15, showing…

The number of active addresses in Bitcoin has increased, with a peak of 912,300 on February 28. The most recent instance of this level was on December 16, 2024, when Bitcoin was trading at $105,000, Glassnode data shows. Traders are closely monitoring the outcome of this surge, which some analysts interpret as a precursor to a potential market shift. Number of active BTC addresses. Source: Glassnode Market Prepares For Potential Capitulation Capitulation is a phrase that refers to the sharp price swings that occur when investors sell in distress. The latest drop in Bitcoin below $84,000 has raised concerns, as…

What Is Causing Bitcoin’s Crash?Crypto analyst Kyle Chasse believes the crash is linked to the unwinding of the cash and carry trade. This trading strategy has been holding Bitcoin’s price down for months. Hedge funds have been using this low-risk strategy to earn steady profits from Bitcoin spot ETFs and CME futures.The cash and carry trade works like this:Buy Bitcoin spot ETFs like BlackRock’s IBIT or Fidelity’s FBTC.Short Bitcoin futures on the CME (Chicago Mercantile Exchange).Profit from the price difference between the two markets.This strategy gave an annual return of around 5.68%. Some hedge funds even used leverage to double…