U.S vs South Korea: Who’s Winning the Stablecoin Regulation Race?

Shiba Inu (SHIB) price has been struggling near key support after recent market corrections. The token has been trading below a critical level, reflecting ongoing volatility. SHIB dropped from its December peak of $0.0000329 and remains in a downward trend. Analysts predict a possible rebound, but market conditions suggest uncertainty about its next direction.

Shiba Inu Price Analysis: What’s Next for SHIB in the Market?

Shiba Inu price dropped sharply as the broader meme coin market faced losses. After a strong start to March, assets like Dogecoin and SHIB saw a downturn. This decline pushed Shiba Inu lower in market rankings, reflecting the overall weakness in the crypto sector.

Meme coins, including Dogecoin, WIF, PENGU, BONK, and PEPE, have recorded notable price decreases. The trend follows the broader market correction affecting digital assets. Shiba Inu’s price movement has been in line with this sentiment, signaling uncertainty among traders.

Despite the slump, three potential catalysts could boost SHIB’s price. The most significant factor is its rising burn rate. On March 8, the daily burn rate surged by 3,250% to 29 million tokens. Since its inception, over 410 trillion SHIB tokens have been removed from circulation, reducing supply to 584 trillion.

Analyst Predicts Shiba Inu Breakout With 422% Surge

Crypto analyst reports indicate that the SHIB price may have broken out of a Falling Wedge pattern. The breakout suggests a potential price surge, with projections hinting at a significant increase. Analysts highlight that if momentum sustains, the asset could experience a rise exceeding 422%, targeting $0.00008841.

Market sentiment around Shiba Inu remains strong, with traders monitoring technical signals. The meme-based asset has drawn attention amid discussions about its bullish trajectory.

SHIB Price Dips; Key Levels To Watch

As of 9th March, the SHIB price is trading at $0.00001254, reflecting a 0.40% decline over the past 24- hours.

The price remains within a narrow range as bearish sentiment persists. Key support is holding near $0.00001, while resistance sits around $0.000015. SHIB has struggled to break past these levels, signaling weakened momentum.  

The MACD indicator shows a negative trend, with the MACD line hovering below the signal line. The histogram reveals growing red bars, indicating selling pressure. If the MACD line fails to cross above the signal line, downward movement may continue.  

The RSI stands at 33, moving closer to the oversold zone. This suggests weak buying momentum.

Shiba Inu price prediction remains confined to a tight price channel, failing to establish a strong upward trend. The recent drop signals continued weakness, with buyers hesitant to step in.  A breakout above $0.000015  may shift momentum toward bullish territory, while a fall below $0.00001 could extend losses.  A sustained move above $0.000015 could open doors for bullish to target $0.000018 and $0.00002 resistance levels.

To sum up, the Shiba Inu price remains under pressure, struggling to hold key support. Analysts observe mixed signals, with traders closely watching technical indicators. The market’s next move will determine if SHIB rebounds or continues its decline.

The post Shiba Inu Price Battles Key Support: Will SHIB Rebound or Decline Further? appeared first on CoinGape.

The post Coinbase Derivatives Announces Listing of CFTC-Regulated Futures for XRP: What Next? appeared first on Coinpedia Fintech News

• Coinbase’s listing of CFTC-regulated futures for XRP follows Bitnomial’s launch of a similar product last month.

• The rising demand for XRP by institutional investors has helped increase bullish sentiment.

• XRP/USD pair may retest $1.77 in the coming days before continuing with a macro bullish outlook.

Coinbase Global Inc. (NASDAQ: COIN), a top-tier cryptocurrency exchange in the North American markets, announced a major trading expansion for Ripple Labs’ XRP on Monday, April 21. After filing with the Commodity Futures Trading Commission (CFTC), on April 3, to offer XRP futures contracts, the exchange announced a successful listing of the regulated products on Monday.

Coinbase will offer monthly, cash-settled margin contracts, each representing 10k XRP, to its clients ahead. The launch of Coinbase’s XRP futures contract follows a similar product by Bitnomial in mid-March 2025.

Why the Launch of XRP Futures Contracts Matters

The launch of Coinbase’s XRP futures contract will further enhance the legitimacy of XRP among institutional investors. Moreover, XRP has gained significant regulatory clarity in the United States in the past few months, bolstered by the Donald Trump administration’s initiatives to foster the adoption of crypto assets.

Ultimately, the liquidity of XRP will significantly increase as more institutional investors participate in futures contract trading.

What Next for XRP Price

The impact of the rising adoption of XRP by institutional investors will be significant in the long haul. Moreover, digital assets are expected to play a crucial role in resetting global financial systems, which have been siloed over the past decades.

From a technical analysis standpoint, XRP price has been forming a potential bullish pattern, especially after breaking out of a falling logarithmic trend. In the daily time frame, XRP price, against the U.S. dollar is likely to retest the recent bullish breakout by falling back towards the support level above $1.77.

Moreover, the daily MACD indicator has yet to flash a bullish signal, and the Relative Strength Index (RSI) has experienced a resistance level of around 50 percent level.

However, a consistent close above $2.22 will invalidate further short-term correction and trigger a fresh rally toward a new all-time high ahead.

The post Coinbase Derivatives Announces Listing of CFTC-Regulated Futures for XRP: What Next? appeared first on Coinpedia Fintech News
Coinbase’s listing of CFTC-regulated futures for XRP follows Bitnomial’s launch of a similar product last month. The rising demand for XRP by institutional investors has helped increase bullish sentiment. XRP/USD pair may retest $1.77 in the coming days before continuing with a macro bullish outlook. Coinbase Global Inc. (NASDAQ: COIN), a top-tier cryptocurrency exchange in …

On his fourth day in office, new SEC Chair Paul Atkins vowed to overhaul regulations, paving the way for crypto market growth. Marking a significant shift from the principles of the former SEC Chair, Gary Gensler, Atkins is taking proactive measures to boost crypto growth and innovation.

Speaking at the regulatory watchdog’s crypto roundtable in Washington, DC, the SEC Chair criticized the prior administration’s stringent regulations that stifled crypto market growth. “Innovation, unfortunately, has been stifled for the last several years due to market and regulatory uncertainty that unfortunately the SEC has fostered,” noted Atkins.

Paul Atkins Promises Crypto Growth

As new SEC Chair Paul Atkins made his first public appearance at the SEC’s third Crypto Task Force roundtable on Friday, he took a bold stance on crypto regulations and market growth. Mounting a stark rebuke to the Biden administration and former SEC Chair Gary Gensler, Atkins pledged a significant regulatory shift, focusing on the establishment of the crypto industry.

Notably, the new SEC Chair promised to confront the “long festering issues” that hindered the growth of crypto and blockchain technology. Atkins, who previously served two terms under former President George W. Bush, believes clear regulations are key to achieving desired outcomes in the crypto space. Thus, he plans to develop a “rational fit-for-purpose framework for crypto assets.”

How Will Atkins’ Regulatory Approach Help the Crypto Industry?

Paul Atkins took charge as the 34th Chairman of the US Securities and Exchange Commission on April 22. Atkins’ pro-crypto stance, coupled with the commission’s efforts to foster a crypto nation, has sparked optimism within the community.

Following his official inauguration, Atkins proclaimed Bitcoin and other cryptocurrencies as his top priority, further boosting the community’s confidence. If the new SEC Chair introduces a clear crypto regulatory framework as guaranteed, it could mark a positive turn in the industry.

The post US SEC Chair Paul Atkins Hints At Crypto Market Growth: Details appeared first on CoinGape.