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The White House has reportedly pushed back on a move by both Republican and Democratic representatives to include a provision in the CLARITY Act that will address Donald Trump’s ties to the crypto industry. This comes just days after the crypto bill passed the Committee markup phase. White House Rejects Bipartisan Provision In CLARITY Act
The post White House Blocks Conflict Of Interest Provision In CLARITY Act appeared first on CoinGape.
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The post Should You Buy More TRUMP to Have Dinner With President Trump? Will the TRUMP Price Sustain Above the Gains? appeared first on Coinpedia Fintech News
Soon after the launch, the OFFICIAL TRUMP (TRUMP) price experienced a huge pullback that has continued in recent times. Meanwhile, the ease in the global markets has led to a strong recovery within the crypto space. The top tokens like Bitcoin, Ethereum, etc., and many more have been thriving with flying colors, which has triggered the memecoin mania too. The top ones like Dogecoin & Shiba Inu prices are attracting decent gains, but the other memes like Brett, FLOKI, doewifhat, and Bonk have been surging with a huge margin.
Meanwhile, the rise in the TRUMP price has raised everyone’s eyebrows and has also raised concerns about whether the rally is short-lived.
Currently, TRUMP is running hot with a massive increase in the trading volume as bullish news flew in. Soon after, President Trump announced a private dinner with the top 220 holders of the token on May 22. Just a couple of days before, on April 18, nearly $300 million worth of TRUMP tokens were unlocked, and traders began to short, anticipating a pullback. However, the latest rounds of private dinner have liquidated $8.5 million of shorts. Moreover, a whale just bought nearly $5 million worth of tokens, which has pushed the price above $16 for a while.
This huge purchase suggests whether the U.S. President is indirectly compelling the investors to buy more TRUMP. It gets more shocking after joining the dots of Trump owning 90% of the TRUMP supply, the lockup period on the supply expiring, and Trump placing tariffs on the entire world and carving out exemptions for companies on a case-by-case basis. Interestingly, only 24% of the tokens have been unlocked till now, and the rest, which includes a daily unlock of 492K tokens, will last for the next couple of years.
The bulls have failed to surpass the pivotal resistance at $16.5, despite a 90% upswing and a 500% increase in the trading volume. This points towards the possibility of a short-term rally as the bears have begun to extract profits.
The post Should You Buy More TRUMP to Have Dinner With President Trump? Will the TRUMP Price Sustain Above the Gains? appeared first on Coinpedia Fintech News
Soon after the launch, the OFFICIAL TRUMP (TRUMP) price experienced a huge pullback that has continued in recent times. Meanwhile, the ease in the global markets has led to a strong recovery within the crypto space. The top tokens like Bitcoin, Ethereum, etc., and many more have been thriving with flying colors, which has triggered …
XRP has experienced significant price movements recently, especially with the massive accumulation by whales. Over the past week, large holders have been quietly stacking up XRP, potentially positioning the altcoin for a significant price boost.
Their actions, combined with a resilient market, present an optimistic outlook for the altcoin’s future.
Whale addresses holding between 100 million and 1 billion XRP have added 1.34 billion XRP worth over $3.26 billion in the past week. While some speculated this accumulation was linked to XRP’s inclusion in the US Crypto Reserve, it appears the whales were primarily buying at low prices.
This indicates that these large holders anticipate further gains. Despite XRP’s 18% crash on Monday, the whales did not sell, suggesting they are confident in the asset’s long-term potential.
The price DAA Divergence is currently flashing a buy signal for XRP as investors demonstrate resilience amid challenging market conditions. This divergence indicates that, while the broader market has experienced volatility, XRP is showing strength. With more investors holding onto their positions and fewer opting to sell, the sentiment is clearly turning bullish.
As market conditions improve, investors’ buying pressure could continue to push XRP’s price higher. This would support the possibility of a sustained rally backed by both retail and whale participation.
XRP is trading at $2.45, holding steady above the critical support level of $2.33. After facing considerable volatility over the weekend, the altcoin managed to stabilize, posting a 37% price increase. This move suggests that XRP could have the momentum needed for further gains if the bullish trend continues.
However, despite the positive signals, XRP still failed to secure $2.70 as support on Sunday, which prevented the altcoin from pushing higher. If XRP can manage to flip $2.70 into support, it could break through the $2.95 resistance, bringing it closer to its previous highs.
If the altcoin fails to breach $2.70, XRP could experience consolidation above $2.33, as seen in previous price action. This could delay the bullish outlook and may prevent any immediate upward movement, resulting in a temporary stagnation until the market provides more clarity.
The post XRP Whales’ $3.2 Billion Accumulation Could Set Price Up For Rally appeared first on BeInCrypto.