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Hamster Kombat (HMSTR) is going through a rough patch after losing 17% in under 24 hours. Several factors are contributing to the HMSTR price crash, including massive whale sell-offs and waning enthusiasm for the project. Hamster Kombat Loses 17% in a Single Day The Telegram-based Tap-to-Earn project Hamster Kombat has seen HMSTR tumble by over
The post Here’s Why Hamster Kombat (HMSTR) Price Crashed 17% Today appeared first on CoinGape.
Story’s IP has extended its bullish streak, recording another day of gains as its uptrend continues. In the last 24 hours alone, IP has surged 11%, making it the second-highest gainer during this period.
Over the past week, the altcoin has climbed 17%, bucking the broader market decline and solidifying its position as one of the strongest performers.
Readings from the IP 12-hour chart hint at a sustained price growth in the short term. For example, the coin’s Moving Average Convergence Divergence (MACD) supports this bullish outlook.
After spending an extended period below the signal line (orange), IP’s MACD line (blue) flipped above it during Wednesday’s trading session, posting a green histogram bar.
This bullish crossover suggests a bullish shift in momentum, indicating increasing buying pressure. The appearance of a green histogram bar reinforces the strength of this trend, signaling that IP’s uptrend could continue. If sustained, this momentum may attract more traders, potentially driving the coin’s price even higher.
Additionally, IP’s Aroon Up Line, which tracks the strength of its trends, confirms that the current rally is still intact, indicating that the uptrend may not be slowing down anytime soon. At press time, this indicator is at 92.86%.
When an asset’s Aroon Up Line is close to 100%, it indicates a strong uptrend. The metric suggests that IP is consistently reaching new highs within the review period. This is true of the coin, which currently trades at $5.91, its highest since March 8.
At its current price, IP trades strongly above the support floor formed at $5.54. If the bullish pressure in its spot markets remains, IP could continue its upward trend and attempt to revisit its all-time high of $7.95.
On the other hand, a resurgence in profit-taking among IP holders would invalidate this bullish projection. In that scenario, the coin could lose its recent gains, fall below the $5.54 support, and drop toward $4.05.
The post Story’s (IP) Bull Run Continues: 17% Weekly Gains Amid Market Weakness appeared first on BeInCrypto.
Ethereum (ETH) shows signs of strength and caution after a sharp 49% rally in the past week. While its market cap has returned above $300 billion and EMA indicators remain bullish, momentum indicators are starting to cool.
The ADX has dropped from 61 to 47.99, and RSI has fallen from 86 to 63, suggesting the uptrend may be losing steam. However, buyers are still active, and if ETH breaks above key resistance, the next leg higher could take it past $3,000.
Ethereum’s DMI indicator shows that its ADX has dropped from 61 to 47.99, signaling a weakening trend strength.
The ADX (Average Directional Index) measures the intensity of a trend, with values above 25 indicating a strong trend and above 40 suggesting very strong momentum.
A declining ADX, even if still elevated, may indicate that the current trend is losing steam, despite analysts recently pointing out that Ethereum could overtake Bitcoin.
The +DI line has fallen sharply from 47.96 to 27.2, showing that bullish momentum has cooled significantly.
Meanwhile, the -DI line has climbed from 3.39 to 13.97, suggesting that bearish pressure is starting to rise.
While the trend still favors the bulls, the gap between +DI and -DI is narrowing, and if this continues, Ethereum could face a short-term pullback or enter a consolidation phase. However, in the last hours +DI went up and -DI went down, suggesting ETH buyers are trying to maintain their control.
Ethereum’s RSI has dropped to 63 from a high of 86 three days ago, after holding above the overbought threshold of 70 for three straight days.
Interestingly, despite the recent dip, RSI has bounced from 54 just a few hours ago, suggesting some renewed buying interest in the short term.
RSI (Relative Strength Index) is a momentum indicator that ranges from 0 to 100. Readings above 70 typically indicate overbought conditions and potential for a pullback, while readings below 30 suggest oversold conditions and a possible bounce. Values between 50 and 70 generally point to moderate bullish momentum.
At 63, Ethereum’s RSI shows that the asset has cooled off from recent overbought levels but still maintains underlying bullish strength. This could mean the market is resetting after a strong rally, allowing room for another leg up if buying continues.
Ethereum price is up 43.5% over the past seven days, with its market cap climbing back above $300 billion. Its EMA lines continue to show a strong bullish structure, reinforcing the current uptrend.
However, ETH recently tested the $2,617 resistance and failed to break through.
A successful breakout above that level could open the path toward $2,855 and even $3,000 for the first time since early February, with a possible extension to $3,442 if momentum accelerates.
On the downside, the $2,320 support is key. If ETH tests and loses that level, the price could slide to $1,938. A stronger bearish move might push it further down to $1,736.
The post Ethereum Eyes $3,000, But ETH Price Shows Key Resistance Ahead appeared first on BeInCrypto.
The post Federal Reserve Eases Crypto Rules for U.S. Banks appeared first on Coinpedia Fintech News
The U.S. Federal Reserve has officially rolled back key rules that once restricted how banks engage with cryptocurrencies and dollar-backed tokens. The move marks a significant step toward easing regulatory pressure and signals growing openness to digital asset innovation within the U.S. banking system.
The FED has withdrawn its 2022 guidlines that required state-chartered banks to notify the Board before offering crypto-related services. Under the new direction, banks no longer need to send advance notices. Instead, the Fed will oversee crypto activities through its usual supervisory processes—just like any other banking service.
The central bank also rescinded its 2023 nonobjection letter process for banks planning to engage in dollar token activities, such as issuing or dealing in stablecoins. This means banks can now move forward with such projects without having to wait for formal approval, removing one more layer of regulatory red tape.
The Federal Reserve, alongside the Federal Deposit Insurance Corporation (FDIC), has also pulled back from two joint statements issued last year with the Office of the Comptroller of the Currency (OCC). These joint memos had set cautious expectations around crypto involvement for banks. Their removal signals a coordinated shift toward more relaxed oversight across U.S. regulators.
While oversight won’t disappear completely, the tone has clearly changed. The Fed stated that it will continue to work with other agencies to explore new rules that better support innovation while keeping the banking sector safe and sound.
Vandell Aljarrah, co-founder of Black Swan Capitalist, called out the irony in the timing of the Fed’s move. Just days after being dismissed for his pro-crypto stance, the central bank reversed its position—removing the same policies he had spoken against.
“It’s validating to see the Fed now encouraging the very innovation they once blocked,” he said.
This change may open the door for banks to step more confidently into the crypto space—especially in the growing world of dollar tokens and stablecoins. Whether this marks the start of a broader shift in U.S. crypto regulation remains to be seen, but the door is certainly opening wider.
The Federal Reserve’s rollback of crypto guidance marks a shift from caution to cautious openness. By removing approval hurdles, it signals support for innovation and aligns with FDIC and OCC moves—making crypto more accessible for U.S. banks.
Not directly—but the signs point in that direction. By removing the requirement for banks to seek formal nonobjection letters before engaging in dollar token activities, the Federal Reserve has eased the path for stablecoin involvement. While it hasn’t officially endorsed stablecoins, this policy shift shows a more open attitude toward their use in the banking system.
It means fewer barriers and more flexibility. Banks no longer need to go through extra approval processes to offer crypto or stablecoin services. With the Federal Reserve shifting to standard supervision, banks can now explore crypto opportunities more confidently and at a faster pace—without waiting for special permissions.
The post Federal Reserve Eases Crypto Rules for U.S. Banks appeared first on Coinpedia Fintech News
The U.S. Federal Reserve has officially rolled back key rules that once restricted how banks engage with cryptocurrencies and dollar-backed tokens. The move marks a significant step toward easing regulatory pressure and signals growing openness to digital asset innovation within the U.S. banking system. Why Is the Federal Reserve Pulling Back Its Crypto Rules? The …