BEAT price rallies 28% as Audiera extends its 343% weekly gain
Audiera price rises 28% to $5.44 as BEAT ranks among the top crypto gainers, while $4.2 million in short liquidations and an RSI of 94.54 increase pullback risk.
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On-chain data shows the RSI of the Bitcoin Stablecoin Supply Ratio (SSR) has dropped to a low of 13, a sign that the stablecoin supply is high relative to the BTC market cap. Bitcoin SSR RSI Has Sharply Gone Down Recently In a new post on X, CryptoQuant analyst Maartunn has discussed the latest trend in the RSI of the Bitcoin SSR. The “SSR” is an on-chain indicator that measures the ratio between the market cap of BTC and the combined valuation of all stablecoins. Related Reading: XRP Could Offer Major Buying Opportunity At $0.90, Analyst Says Stablecoins, digital assets that have their price pegged to a fiat currency, serve a different purpose in the sector than volatile assets like BTC. Generally, investors store their capital in the form of stablecoins whenever they want to avoid the volatility associated with other cryptocurrencies. These holders tend to eventually venture back into BTC and other coins, and when they do, they swap their stables in favor of them. Because of this, st
Read full articleAudiera price rises 28% to $5.44 as BEAT ranks among the top crypto gainers, while $4.2 million in short liquidations and an RSI of 94.54 increase pullback risk.
New York financial regulators have moved to update the state’s stablecoin rules as the federal government prepares to implement the GENIUS Act, a law that will reshape how payment stablecoins are supervised across the United States. The New York State…
XRP is trading on shaky ground near $1.11 as a fresh selloff threatens to drag it under $1.10, even as Ripple puts its RLUSD stablecoin to work funding clean-water access for millions of people. A Price on Shaky Ground XRP has slipped into a precarious technical setup, breaking below a bullish trendline support at $1.1620 […]
Megabanks MUFG Bank, Mizuho Bank and SMBC have formed a council to develop frameworks for jointly issuing a stablecoin in fiscal year 2026.
SIREN has plummeted by over 35% in the past 24 hours. Many altcoins follow suit.
The shutdown highlights the challenges of sustaining Layer 2 networks without token incentives, impacting future Bitcoin scalability solutions. The post Botanix to wind down Bitcoin Layer 2 network, urges asset withdrawal by July 9 appeared first on Crypto Briefing.
The banking arm of Japanese financial giant SBI Holdings is reportedly launching a crypto rewards program for depositors as part of a broader push to expand its digital assets business. Related Reading: ‘Time For CLARITY Act’: Over 200 Crypto Organizations Push For Senate Vote SBI Shinsei Launches BTC, ETH, XRP Rewards SBI Shinsei Bank, the […]
A 2021 Citibank document that used the phrase “Regulated Internet of Value” sits at the center of a new XRP debate, after researcher Jesse of Apex Crypto Insights argued the wording was later shifted to “Regulated Liability Network” because the link to Ripple was too obvious. Related Reading: Security Milestone: XRP Lending Protocol Completes Military-Grade Assessment He says that paper trail, along with years of weak price action, points to a token that may be held down for reasons that are bigger than ordinary market trading. A Price That Would Not Move XRP’s chart is the first thing Jesse points to. The token reached $3.84 during the 2018 bull run and later touched $3.60 earlier in this cycle, yet it has spent much of the past decade moving sideways while Bitcoin climbed far higher. Jesse called that mismatch hard to explain under a normal market setup and said, in his view, suppression is one possible answer. The claim is not presented as proof. Jesse frames it as his opinion, but