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Bitcoin Rally On The Line: Analyst Explains Why This Weekly Close Is Critical
Bitcoin (BTC) sits at a technical crossroads after losing a crucial support level, leading some market observers to suggest that this week’s price will be decisive for whether the flagship crypto can reclaim upside momentum or extend its recent losses. Related Reading: Trillion-Dollar Italian Bank M...
NewsBTC
Tue, May 19
South Korea’s KB Financial Completes Stablecoin Pilot As Lawmakers Press For Regulatory Framework
South Korea’s KB Financial has completed a Proof-of-Concept (PoC) for won-denominated stablecoin as lawmakers and experts push to advance the country’s digital asset framework. Related Reading: Hacker Drains $11.58 Million From Verus-Ethereum Bridge KB Stablecoin Pilot Cuts Fees, Speeds Transfers On...
Bitcoinist
Tue, May 19
XRP Price Momentum Turns Fragile, Traders Brace For Further Weakness
XRP price extended losses and traded below $1.420. The price is now consolidating losses and faces hurdles near $1.40 and $1.4350. XRP price started another decline and traded below the $1.420 zone. The price is now trading below $1.40 and the 100-hourly Simple Moving Average. There is a bearish tre...
NewsBTC
Tue, May 19
Bitcoin Recovery Above Key Cost Basis Level Fails As BTC Falls Under $77,000
Bitcoin has witnessed a drop back below the $77,000 level, and with it, the cryptocurrency has lost its recovery above the short-term holder cost basis. Bitcoin Has Fallen Under The STH Realized Price In a new post on X, analyst Maartunn has talked about how BTC’s move above the short-term hol...
NewsBTC
Tue, May 19
XRP Rally On The Radar: ‘Violent Price Expansion’ May Be Near As Bollinger Bands Tighten
XRP is experiencing increased price pressure, mirroring the broader crypto market’s drop, with the token falling 6% over the past week. This pullback has forced XRP to lose the $1.40 support level for now. Despite this recent weakness, market analyst Ali Martinez posted on X (formerly Twitter)...
Bitcoinist
Tue, May 19
Ethereum Price Stabilizes After Selloff, But Bears Still Hold Advantage
Ethereum price started a fresh decline and traded below $2,120. ETH is now consolidating above $2,050 and might struggle to recover. Ethereum remained in a bearish zone after a sharp decline. The price is trading below $2,165 and the 100-hourly Simple Moving Average. There is a connecting trend line...
NewsBTC
Tue, May 19
SEC plans to push tokenized stock trading as CLARITY Act advances to Senate floor
The US Securities and Exchange Commission (SEC) is expected to release an “innovation exemption” framework for tokenized stock trading, which could create a 24/7, decentralized vertical.
Bitcoin
Fxstreet
Tue, May 19
Zcash, Bitcoin, And Solana—Catalysts Ahead That Could Fuel Another Upswing Before May Ends
While the rest of the crypto market has shown more signs of an intensifying bear market, Zcash (ZEC) is making major waves. Over the last 30 days, the privacy-focused coin has surged by around 60%, while Bitcoin (BTC) and Solana (SOL) have remained relatively quiet, each slipping by single digits in...
NewsBTC
Tue, May 19
Kraken Slashes 150 Roles While Ramping Up AI Efficiency Measures
Kraken’s plan to go public in the US may have to wait until 2027. The crypto exchange, formally known as Payward, laid off about 150 workers last week, a move that has pushed back its initial public offering timeline by at least a year, Bloomberg reported, citing a person familiar with the mat...
Bitcoinist
Tue, May 19
XRP ecosystem eyes privacy shift as Flare tests confidential cross-chain transactions
The XRP Ledger architecture is evolving to prioritize user privacy. Developers, including those of Flare, are working on confidential transaction protocols. More recently, highlighting Flare Networks’ unique capabilities, crypto community figure Eri noted on X that the platform validates Bitcoin and XRPL activity without compromising confidential user metrics. She noted that Encrypted Finance, which adds...
Cryptopolitan
Tue, May 19
Google and Blackstone form AI cloud venture backed by $5 billion to challenge CoreWeave
Google and Blackstone are creating a standalone AI cloud company that will sell Google’s proprietary TPU chips to outside customers, with Blackstone contributing $5 billion in equity for a majority stake. Including leverage, the total investment reaches $25 billion, the Wall Street Journal reported. Benjamin Treynor Sloss, a longtime Google executive, will run the unnamed...
Cryptopolitan
Tue, May 19
Hyperliquid Faces Fresh Solana Threat As Toly Backs New Perp DEX
Hyperliquid’s lead in onchain perpetuals drew a fresh challenge from the Solana ecosystem after Solana co-founder Anatoly Yakovenko, known as Toly, argued that Solana needs its own atomically composable perp DEX inside the SVM. The debate comes as Hyperliquid is already trying to define its regulato...
NewsBTC
Tue, May 19
Bitcoin Retail Activity Hits Record Low As Binance Inflows Plunge
On-chain data shows the retail-sized Bitcoin inflows to Binance have declined to historically low levels, a sign that small traders have left the market. Bitcoin Binance Retail Inflows Have Dropped To Just 314 BTC As pointed out by CryptoQuant author Darkfrost in an X post, the Bitcoin inflows going...
Bitcoinist
Tue, May 19
Crypto Overview: Bitcoin retreats amid Middle East tensions – Ondo, Zcash rebound on rising TVL, social activity
Bitcoin (BTC) trades around $76,000 on Tuesday amid renewed stress on the US-Iran ceasefire. However, Ondo (ONDO) and Zcash (ZEC) have emerged as top performers over the last 24 hours, with a rebound driven by rising Total Value Locked (TVL) in tokenized stocks and social activity, respectively.
Bitcoin
Fxstreet
Tue, May 19
XRP and XLM outlook: Bears in control of the momentum
Ripple (XRP) and Stellar (XLM) remain under pressure on Tuesday as bearish momentum continues to dominate after correcting nearly 5% and 12%, respectively, in the previous week. XRP and XLM both trade beneath all major Exponential Moving Averages (EMAs), reflecting sustained selling pressure.
XRP
Fxstreet
Tue, May 19
Bitcoin Price Weakness Persists, Traders Brace For Possible $75K Test
Bitcoin price started a fresh decline below the $77,500 zone. BTC is consolidating and might struggle to stay above the $76,000 support. Bitcoin failed to stay above $77,500 and extended losses. The price is trading below $77,000 and the 100 hourly simple moving average. There is a bearish trend lin...
NewsBTC
Tue, May 19
Bitcoin And Ethereum Hit By $2.2B In Sell Pressure: Analyst Explains Coordinated Market Selloff
Bitcoin has lost the $78,000 level as selling pressure intensifies and the market faces a wave of uncertainty that has reversed weeks of carefully built recovery momentum. The decline is not gentle — and a CryptoQuant analysis tracking Binance order flow has identified the specific mechanics behind ...
Bitcoinist
Tue, May 19
Bitcoin Meets Geopolitics: Iran Launches Crypto Insurance For Ships In The Strait Of Hormuz
Nearly 20% of the world’s oil supply moves through the Strait of Hormuz. Iran now wants a cut of it — not by force, but through Bitcoin. Related Reading: XRP Will Go ‘Higher, Much Higher,’ Analyst Says, Betting On Explosive Breakout A Platform Built Around Geography Iran’s Ministry of Ec...
NewsBTC
Tue, May 19
Zerohash obtains EMI license for stablecoin and brokerage services in Europe under MiCA
Zerohash has proven itself to be a trailblazer after securing an Electronic Money Institution (EMI) license from the Dutch central bank. This makes the company the first to hold a MiCA authorization to use EMI credentials in Europe. MiCA is an acronym for Markets in Crypto-Assets, and it represents the European Union’s regulatory framework for...
Cryptopolitan
Tue, May 19
The XRP Asian Breakout: Japan And South Korea Lead The Charge
SBI Group is reportedly planning to list a combined Bitcoin and XRP exchange-traded fund on the Tokyo Stock Exchange, with a target of $32 billion in assets under management within three years of launch. Japan’s Financial Services Agency is already reviewing crypto assets more seriously as fin...
Bitcoinist
Tue, May 19
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