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XRP price forms a bullish triangle with $2.22 resistance blocking further gains. SWIFT partnership rumors position XRP for $3 and long-term price growth. Despite a weak RSI, XRP price eyes the $2.60–$3 band.
Japan's bond yield surge and potential interest rate hike are creating global financial uncertainty, posing risks for Bitcoin and other risk assets. However, a growing optimism about Bitcoin's future, marked by bullish call options, adds complexity to the market outlook.
Share link:In this post: MANTRA (OM) dropped from $6 to $0.57 in under an hour, losing 98% of its value. Over $6 billion in market cap was wiped out in minutes during the crash. Traders on X blamed an alleged “Kabal team” for a massive insider sell-off.
The two-year investigation led to the arrest of six individuals across Spain.
- 08:53Data: Total Stablecoin Market Cap Increased by 1.61% Over the Last 7 Days, Surpassing $238.1 BillionAccording to ChainCatcher, data from DefiLlama shows that the current total stablecoin market cap stands at $238.101 billion, having grown by 1.61% over the past 7 days, with USDT accounting for a market share of 61.66%.
- 08:52Data: The cryptocurrency market's "greed" sentiment is rising, with today's Fear and Greed Index at 65According to ChainCatcher, based on Alternative data, today's cryptocurrency Fear and Greed Index is 65 (yesterday it was 60), indicating a rise in the market's "greed" sentiment.
- 08:52UBS: Market Bets on Trump and the Fed to Rescue Economy, S&P 500 Year-End Target at 5800 PointsAccording to ChainCatcher, as reported by Jinshi, UBS stated that the current market sentiment aligns with the bank's base forecast that tariffs will be reduced from the currently announced levels by the end of this year, and the Federal Reserve will further cut rates this year. However, due to the persistent uncertainties in trade, economy, and Fed policies, volatility is expected to remain high. Nonetheless, UBS believes the U.S. stock market is attractive, maintaining the S&P 500 year-end target at 5800 points. UBS's current base forecast is for the Fed to cut rates by 75 to 100 basis points this year, but in the short term, the Fed's policy flexibility seems more limited as it must balance concerns over economic growth with the risk of inflation recovery.