XRP leads majors losses as Clarity Act vote slips to September

-
Bitcoin, ether showed slight losses while Ripple-linked XRP fell 5.5% on the week, the worst of the majors, as the Senate left Washington without taking up the market structure bill.

source https://www.coindesk.com/markets/2026/08/07/bitcoin-stuck-near-usd64-000-as-clarity-act-vote-slips-to-september

Comentários

Postar um comentário

Postagens mais visitadas deste blog

Bitcoin, Stocks Hit By $400B Liquidity Drain From U.S. Treasury Account, Not Jackson Hole: Analysts

-
Move over Jackson Hole and inflation fears. The real driver behind the recent swoon in crypto and stock markets is likely the impending liquidity drain stemming from the U.S. government’s Treasury General Account (TGA), a checking account held at the Federal Reserve that is poised for a significant buildup. Bitcoin (BTC) has declined by over 8% to $113,500 since hitting record highs above $124,000 last Thursday, according to CoinDesk data. Prices for other major tokens such as ether (ETH), XRP (XRP), and solana's SOL (SOL) have also corrected, dragging the broader market lower. The CoinDesk 80 Index has dropped 13% since last Thursday. The bullish momentum has also weakened on Wall Street, where the tech-heavy Nasdaq index fell by nearly 1.40% to $23,384 on Tuesday, having hit a record high of $23,969 a week ago. Most market commentary has attributed the losses on Wall Street and in crypto markets to investor de-risking ahead of Federal Reserve (Fed) Chair Jerome Powell’s sched...
Leia mais

DOGE Rallies 6% Ahead of Anticipated ETF Launch

-
Dogecoin surged nearly 6% to $0.261 in the past 24 hours as traders positioned for the scheduled debut of the first U.S. Dogecoin ETF on September 12. Anticipation of the “DOJE” product, coupled with whale accumulation exceeding 280 million DOGE, fueled heavy late-session flows with volume topping 1.1 billion. Analysts now focus on whether the token can sustain closes above $0.26 and build toward the $0.29–$0.30 resistance zone. News Background • The first U.S. Dogecoin ETF (ticker: DOJE) is scheduled to begin trading on September 12, representing the first exchange-traded product linked to a memecoin. • Large holders accumulated more than 280 million DOGE in the days leading up to the listing, signaling growing institutional participation. • Market technicians highlight a bullish pennant breakout on hourly charts, with upside targets extending to $0.28–$0.50 if momentum continues. Price Action Summary • DOGE gained 5.8% during the 24-hour period from September 11 at 03:00 to Sep...
Leia mais

Bitcoin Reverses Powell Spike With a Flash Crash as Options Market Signals Jitters Ahead

-
Imagem
Bitcoin (BTC) fell below $111,000 during the overnight trade, reversing Friday's spike caused by Fed Chair Powell's dovish speech, as a whale sold into illiquid market conditions. The cryptocurrency's price fell by over 2% from $114,666 to $112,546 in under ten minutes to 07:40 UTC. The so-called flash crash occurred when a single whale sold 24,000 BTC, worth over $300 million, according to blockchain data firm Timechainindex.com. "This entity liquidated their entire 24,000 balance, sending all of it to Hyperunite. They transferred 12,000 just today and are still actively selling, which is likely contributing to the ongoing price drop," the firm's researcher Sani said on X , adding that the whale still holds a total of 152,874 BTC across all associated addresses, including 5,266 BTC. "The funds originally came from HTX about six years ago and had remained inactive until recent transactions involving one of their addresses containing approximately 24,00...
Leia mais