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Grayscale’s Q3 crypto list is out, and it’s a mixed bag, with Avalanche and Morpho included, while XRP and Cardano are excluded. The investment giant has reshuffled its Top 20 crypto list for the quarter, reflecting shifts in the crypto landscape and emerging opportunities. What’s behind this continued exclusion despite recent developments? XRP and ADA
The post Grayscale Q3 Crypto List: AVAX Added, XRP and Cardano Still Excluded appeared first on CoinGape.
XRP price is on the verge of a crash to $2 after forming a bearish head and shoulders pattern on the daily chart. As this crash looms, XRP faces the risk of $38 million in long liquidations, which will intensify sell-side pressure and trigger a massive price decline. XRP trades at $2.12 today, May 31, with trading volumes surging by 14% in 24 hours per CoinMarketCap data. The price was teetering from the typical weekend volatility, with XRP dropping by 3.6% in 24 hours. XRP Price Crash to $2 Looms Amid Bearish Pattern Ripple price trades within a bearish head and shoulders pattern, as it defends a diagonal support level. This chart pattern usually indicates weakening bullish momentum and the entry of bears in the market, which will drag the price lower. The target price for the head and shoulders pattern is the size of the head, which shows that… Read More at Coingape.com
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The post Trump Slams Powell Over Rate Cuts: ‘Too Late and Wrong!’ Calls for Fed Chair’s Removal appeared first on Coinpedia Fintech News
U.S. President Donald Trump slammed Fed Chair Jerome Powell on Thursday, saying he’s “always too late and wrong” for not cutting interest rates. Trump believes the Fed should have acted way sooner to support the economy.
He notes that the European Central Bank might have already cut rates multiple times while Powell has been slow to act. Trump also mentioned in his post that oil prices and groceries, including eggs, have gone down and the US is benefitting from tariffs.
He notes that Powell should have acted sooner but he still needs to reduce the rates now. He also expressed frustration over Powell’s leadership, calling for his removal. “Powell’s termination cannot come fast enough!” he said.
In his Wednesday speech, Powell stated that the Fed would wait for more economic data before adjusting the interest rates. He also warned that the tariff policies could further push jobs off the track. Besides, he also added that the recent market volatility is a natural reaction to the administration’s shifting trade policies, and that is not something that the Fed requires to intervene.
“For the time being, we are well positioned to wait for greater clarity before considering any adjustments to our policy stance,” Powell said in his speech to the Economic Club of Chicago.
Powell said that the US tariffs could raise inflation and the public would end up paying for it. Trump also called Powell’s report ‘a complete mess’ and warned that Trump’s extensive tariffs on trade partners could force the Fed to make a difficult choice between tackling inflation and rising unemployment. Notably, these remarks further escalates the tensions between the White House and the Fed amidst a politically charged economic period.
Trump’s sweeping and unpredictable tariff policies have left the investors and trade partners unsettled and worrying over its potential impact on international trade. While Trump has urged Powell to cut rates, the Central Bank has held the interest rates steady at 4.25 to 4.5% since the start of the year.
The post Trump Slams Powell Over Rate Cuts: ‘Too Late and Wrong!’ Calls for Fed Chair’s Removal appeared first on Coinpedia Fintech News
U.S. President Donald Trump slammed Fed Chair Jerome Powell on Thursday, saying he’s “always too late and wrong” for not cutting interest rates. Trump believes the Fed should have acted way sooner to support the economy. He notes that the European Central Bank might have already cut rates multiple times while Powell has been slow …
Onyxcoin (XCN) has plunged by 15% in the past week and is poised to extend its decline as selloffs strengthen.
Adding to the bearish outlook, a key technical indicator is on the brink of forming a death cross, a signal that often precedes deeper price declines.
BeInCrypto’s assessment of the XCN/USD one-day chart reveals the potential formation of a death cross on its Moving Average Convergence Divergence (MACD).
This bearish pattern emerges when an asset’s MACD line crosses below the signal line, signaling a shift from bullish to bearish momentum. Such a pattern often precedes significant price drops, especially when accompanied by weakening volume and broader market uncertainty.
At press time, XCN’s MACD line is poised to cross below its signal line. If confirmed, the death cross would indicate intensifying selling pressure and signal the start of a prolonged downtrend.
Moreover, XCN’s double-digit decline over the past week has pushed its price towards its 20-day exponential moving average (EMA). This key moving average measures an asset’s average price over the past 20 days, giving more weight to recent prices.
XCN’s dip toward the 20-day EMA suggests that bulls are losing control, while sellers continue to dominate the market. If XCN’s price fails to hold above the key moving average, it may trigger a deeper correction.
XCN’s looming MACD death cross and its potential decline below the 20-day EM signals a strong shift toward bearish territory. These indicators suggest that bearish momentum is gaining traction, with buyers showing little strength to reverse the current downtrend.
If the decline continues, XCN’s price could fall to $0.0075.
On the other hand, a spike in new demand for XCN will invalidate this bearish outlook. In that case, the token’s price could reverse its ongoing decline, break above $0.0174, and climb to $0.023.
The post Onyxcoin (XCN) Faces Strong Bearish Pressure as Death Cross Looms appeared first on BeInCrypto.