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Fed Chair Jerome Powell is set to testify at Congress today, where the Fed Chair plans to reiterate the Committee’s wait-and-see approach to Fed rate cuts. The Fed Chair is also going to allude to Trump tariffs and warn about how they put the economy at risk of rising inflation. Jerome Powell Reiterates No Hurry
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Pakistan’s central bank, the State Bank of Pakistan (SBP), has announced plans to launch a pilot for a central bank digital currency (CBDC) as part of its ongoing efforts to modernize the country’s financial system. Governor Jameel Ahmad confirmed the move at the Reuters NEXT Asia summit in Singapore on Wednesday. The initiative aligns with
The post Breaking: Pakistan Central Bank To Roll Out Digital Currency Pilot appeared first on CoinGape.
As the XRP vs Bitcoin debate heats up amid Trump’s crypto reserve plans, Ripple CTO David Schwartz sheds light on XRPL decentralization. In a bold statement, Schwartz stated, “XRP has no issuer.” Ripple CTO Clarifies XRPL Decentralization: Details In the latest development, Ripple Chief Technology Officer David Schwartz sheds new light on the decentralization aspects of the XRP Ledger. He stated that Brad Garlinghouse’s role as Ripple’s CEO doesn’t impact the decentralization of XRPL, highlighting the distinction between the company and the blockchain. Further, Schwartz added that XRP’s unique characteristic lies in its lack of an issuer, with all tokens created at the ledger’s inception. “Unlike most other blockchains, XRPL has no rivalrous features, so the ledger itself can’t really do the initial distribution beyond letting anyone who wants to take as much XRP as they want,” added the Ripple CTO. Notably, Schwartz’s comments came in response to UFC champion… Read More at Coingape.com
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HBAR has recorded its first spot inflow in the past seven days, attracting $1.5 million in fresh capital.
This marks a positive shift in market sentiment as investors regain confidence in the altcoin. It also aligns with the broader market’s attempt to recover from recent downturns.
HBAR’s spot inflows surged to nearly $2 million on Monday, signaling a resurgence in bullish sentiment toward the altcoin. Data from Coinglass reveals that this is the first time HBAR has attracted fresh capital in seven days, marking a shift in investor confidence.
According to the on-chain data provider, between March 11 and 16, the altcoin faced consistent sell pressure, with spot outflows exceeding $10 million. This latest inflow suggests a bullish reversal in market sentiment, hinting at a possible recovery as investors regain interest in HBAR.
Furthermore, the altcoin’s positive Balance of Power (BoP) highlights this renewed interest. At press time, this momentum indicator is in an upward trend at 0.62.
The BoP indicator measures the strength of buyers against sellers in the market to identify momentum shifts. A positive BoP like this suggests that buying pressure outweighs selling pressure, indicating growing demand and potential price appreciation.
If HBAR’s BoP remains positive, it confirms the bullish dominance, reinforcing the current buying pressure and supporting a sustained uptrend in the asset’s value.
HBAR exchanges hands at $0.19 at press time, trading above the support floor at $0.17. As demand grows, the altcoin could climb toward the resistance at $0.22.
A successful break above this level could propel HBAR’s price to $0.26, a high it last traded at on March 4.
Conversely, the bullish outlook would be invalidated if sellers regain dominance and profit-taking strengthens. In this case, HBAR’s price could fall to $0.17.
The post Hedera (HBAR) Attempts Rebound with $1.85 Million in Fresh Inflows appeared first on BeInCrypto.