XRP is under renewed pressure due to looming US tariffs on Mexico and Canada.
Bitcoin remains stuck in a range as CPI data and
Fed policy are keenly awaited. In a major development, the EU has approved
stablecoins, marking a new era, although regulatory challenges are expected. Meanwhile, Binance has decided to delist several perpetual contracts including
XEM, ORBS, and LOOM.
Bitcoin manages to hold on to $95K support despite strong selling pressure, while Ethereum's resilience is tested. The stock market faces pressures as tech stocks decline and Nvidia's earnings loom. Cryptocurrency thefts are increasing, with AI risks becoming more apparent. Investors are speculating about the future of Bitcoin with nearly $14B in options set to expire. As Bitcoin ETFs experience a $400 million outflow and US inflation concerns resurface, Ethereum price questions loom as the coin gains increasing investor buzz. Binance Coin is struggling at $675, with breakdown risks looming.
According to a report,
Demand shocks for Bitcoin are predicted for 2025 as institutional interest grows. However, despite Bitcoin’s price closing January at a record high, fears of a bear market persist. Gold is now being deemed a safe bet as uncertainties regarding the upcoming election continue to grow. Dogecoin plunges by 40% as the market sell-off intensifies, indicating more losses in the future. Meme coins are sparking a frenzy, but scams also loom. In the face of all these pressures and potential risks, Bitcoin continues to attract new investors, but the potential of a significant market crash looms ahead.
Finally, Binance appears to continue its trend of delisting coins with LOOM being one of them. Cryptocurrency markets are under intense pressure as $2B worth of altcoin tokens are set to be unlocked and a $11B Bitcoin distribution looms. Consequently, cryptocurrency traders and investors are keenly watching these significant developments, as they will undoubtedly impact the performance and value of various coins, including LOOM.
LOOM Coin News Analytics from Thu, 21 Jun 2018 01:16:39 GMT to Fri, 28 Feb 2025 16:47:39 GMT -
Rating -5
- Innovation -6
- Information 7
- Rumor -5
