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news-imageFebruary 6, 2025

Ethereum and Ripple Bow To Bearish Pressures As This New DeFi Coin Soars 700%

Ethereum ignited a recovery wave after slipping below $2,500, underperforming Bitcoin. The large-cap altcoin tested the $2,120 region and swiftly began its recovery wave. Notably, ETH surpassed the $2,500 and $2,550 resistance levels and climbed above its 50% Fib retracement level of the downward move from the $3,402 swing high to the $2,127 swing low.
Publisher: Crypto Reporter
Sentiment: Negative
ETH
XRP

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Neutral
cover-imageCoinPedia
February 6, 2025

Ripple vs. SEC Update: Will New Leadership End the Case?

The ongoing Ripple vs. SEC lawsuit is back in the spotlight as legal experts predict a potential shift in the agency's approach. With uncertainty surrounding SEC leadership and a notable change in its stance on crypto cases, speculation is rising on whether the lawsuit could be dismissed or settled soon.

Negative
cover-imageCoinPedia
February 6, 2025

XRP Price Prediction For February 6

Ripple's XRP is currently down by more than three percent and is retesting levels below the $2.50 mark. The price hit a low of $2.36 in the last 24 hours and is now eyeing to break above the $2.50 and $2.70 levels. These levels have provided strong support for XRP's price in the past.

Positive
cover-imageCoinPedia
February 6, 2025

Ripple Expands US Workforce by 75% After Elections: Is the SEC Lawsuit Ending Soon?

Ripple's CLO, Stuart Alderoty, recently shared his thoughts on the new U.S. administration's approach to cryptocurrency. In an interview with CNBC, Alderoty expressed his satisfaction with the changes brought about by the new administration. He explained that the previous administration had essentially waged a “war” on crypto, pushing the industry out of the U.S.

Negative
cover-imageThe Currency Analytics
February 5, 2025

Ripple Restores XRP Ledger After 64-Minute Outage

Ripple's XRP Ledger experienced a brief but significant outage on February 5, 2025, causing a 64-minute disruption in network operations. The temporary shutdown caused some concerns among users and impacted the price of XRP, leading to a slight dip in market sentiment.

Positive
cover-imageBenzinga
February 5, 2025

Bitcoin Struggling But 'Perfect Storm' Will Take It To $500,000, Ethereum To $20,000, Trader Predicts

Crypto analyst Michaёl van de Poppe urges investors to hold their crypto assets, emphasizing that Bitcoin (CRYPTO: BTC) is fairly valued while altcoins remain heavily undervalued. What Happened: Van de Poppe highlighted on Wednesday on X that the crypto market is currently experiencing one of the most extreme bearish sentiments in its history, following a prolonged period of capitulation.

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