2025-12-06 Saturday

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Ripple at Risk of $2.05 Retest as Bitcoin Gives Back Weekly Gains

Ripple at Risk of $2.05 Retest as Bitcoin Gives Back Weekly Gains

The post Ripple at Risk of $2.05 Retest as Bitcoin Gives Back Weekly Gains appeared on BitcoinEthereumNews.com. Ripple’s token breaks critical $2.07 floor amid volume surge, signaling deeper correction ahead. News Background XRP continues to face conflicting forces as short-term technical weakness clashes with strengthening institutional adoption. Spot XRP ETFs have now attracted nearly $850 million in inflows since launching in mid-November — one of the strongest altcoin ETF starts on record — suggesting long-horizon capital continues to accumulate exposure. Despite this, broader market liquidity remains thin, and leverage metrics across major exchanges show declining open interest, indicating a risk-off environment and reduced speculative participation. Combined with Bitcoin’s continued volatility below key weekly levels, altcoins like XRP remain highly sensitive to technical breakdowns even as fundamental demand builds in the background. Technical Analysis XRP spent most of the session attempting to stabilize above the $2.07 support zone, but the tape revealed a consistent pattern of lower highs — a classic sign that buyers were losing control of momentum. Volume expanded on every rejection near $2.11–$2.13, reinforcing seller dominance at overhead resistance. The decisive technical shift came in the session’s final hour: the $2.07 floor gave way as volume surged dramatically. A secondary volume burst at 03:24 GMT pushed XRP briefly toward the $2.00 level, confirming that the initial breakdown was not a false move but the start of a continuation leg lower. Momentum indicators now firmly tilt bearish, with RSI trending down from mid-range levels and MACD crossing deeper into negative territory. The breakdown transforms former support at $2.07 into immediate resistance — a key pivot level that must be reclaimed to restore near-term bullish structure. Price Action Summary XRP fell sharply from $2.20 to $2.10, shedding 5.7% across a 24-hour $0.13 range that delivered nearly 6% volatility. Attempts to reclaim $2.11 failed on weakening volume before the breakdown intensified. At 19:00 UTC, volume spiked to 94.0M…
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BitcoinEthereumNews2025/12/06 01:31
Red Sox Set Franchise Record With ‘Pre-Agreement’ For New Shortstop: Report

Red Sox Set Franchise Record With ‘Pre-Agreement’ For New Shortstop: Report

The post Red Sox Set Franchise Record With ‘Pre-Agreement’ For New Shortstop: Report appeared on BitcoinEthereumNews.com. ST PETERSBURG, FL – MAY 23: Detail of the Boston Red Sox logo on a jersey during the baseball game against the Tampa Bay Rays on May 23, 2018 at Tropicana Field in St Petersburg, Florida. The Red Sox won 4-1. (Photo by Julio Aguilar/Getty Images) Getty Images The Boston Red Sox have emerged as Major League Baseball’s busiest club this winter, with a five-player trade as their latest headline move. On Thursday, news emerged that the team had acquired starter Johan Oviedo, minor league southpaw Tyler Samaniego and catcher Adonys Guzman from the Pittsburgh Pirates in exchange for outfield prospect Jhostynxon Garcia and minor league pitcher Jesus Travieso. That was shortly after the team had acquired starter Sonny Gray from the St. Louis Cardinals in a previous trade. And it underscored the fact that, after reaching the playoffs last season, the Red Sox won’t be sitting on their hands this offseason. The team has already followed up that trade with another significant move, as it has reportedly reached the precursor of a contract for a promising but very young international infield prospect. “SS prospect Rayer Gonzalez has reached a pre-agreement with the Boston Red Sox for a $3.1 million signing bonus, a new franchise record for an international player,” Major League Baseball insider and director of communications for the Dominican Republic’s Ministerio Deportes Hector Gomez reported on X, formerly Twitter. A decision to invest a record high in Gonzalez marks a major commitment from the Red Sox, considering the player’s age and his lack of a proven track record. “In the 2023 U-12 World Cup, Gonzalez appeared in eight games, banging out 10 hits, including two home runs in 21 at-bats,” Jon Vankin reported for Newsweek. “He also scored eight runs and posted a 1.125 OPS, stealing four bases…
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BitcoinEthereumNews2025/12/06 01:03
Fed’s preferred inflation gauge posts 2.8% core reading, below forecasts

Fed’s preferred inflation gauge posts 2.8% core reading, below forecasts

The post Fed’s preferred inflation gauge posts 2.8% core reading, below forecasts appeared on BitcoinEthereumNews.com. The Fed’s go-to inflation tracker dropped more than expected in September, putting more heat on rate-cut bets ahead of next week’s policy call. The Commerce Department said Friday that core PCE, which leaves out food and energy, went up 0.2% on the month and 2.8% year over year. That yearly reading slipped from 2.9% in August and landed 0.1 percentage point under forecasts. The monthly rate was dead on target with the Dow Jones consensus. At the same time, headline PCE also moved up 0.3% in September, pushing the overall yearly rate to 2.8% as well. That matched analyst calls, though it ticked up 0.1 percentage point from the August read. These numbers came from the Bureau of Economic Analysis, which finally published the delayed data after the U.S. government shutdown paused report collection for weeks. Fed faces divided views ahead of rate decision The Fed uses the PCE price index, especially the core version, as its main gauge to set policy around inflation. Officials say core is better for seeing where prices are headed long term. This September read is the last inflation data they’ll have before the next Federal Open Market Committee (FOMC) meeting wraps on Wednesday. Market traders aren’t waiting to guess the Fed’s next move. Right after the numbers hit, stocks rose, and futures markets priced in near certainty of a quarter-point rate cut. The split among Fed members is still sharp though. One group on the FOMC wants to keep trimming rates to stop a weakening job market. Another thinks inflation could stick around and wants to keep things tight. Job data has been sending mixed signals. Private numbers are showing more layoffs, but Labor Department data says new claims for jobless benefits dropped last week. So yeah, the labor picture is messy. Meanwhile, consumers…
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BitcoinEthereumNews2025/12/06 00:54
Trump Approval Rating Dips Among One-Time Supporters

Trump Approval Rating Dips Among One-Time Supporters

The post Trump Approval Rating Dips Among One-Time Supporters appeared on BitcoinEthereumNews.com. Dec. 5-14 net approval rating: The New York Times’s polling average on Friday found Trump had a 42% approval rating and 55% disapproval rating after several weeks of declining support. The data shows voters increasingly disapprove of his handling of the economy—net approval of his economic performance has fallen across surveys—with just 26% percent of respondents believing Trump is doing a good job at managing the cost of living, according to a Reuters/Ipsos poll. Trump has also seen faltering numbers from within his own party and one-time supporters: Only 75% of Republicans approved of his handling of the economy in November, down from 82% in July, according to Marquette University polling, and his approval rating among white, college-educated men has dropped to 40% from 47% in June, according polling from Fox News. Dec. 2-19: The Economist/YouGov’s weekly poll of 1,628 U.S. adults taken Nov. 28-Dec. 1 found Trump has a 38% approval rating and 57% disapproval rating, the seventh straight week his net approval rating is -15 or lower (the survey has a margin of error of 3.2). In Trump’s first term, his net approval rating never dipped to or below -15 for more than three consecutive weeks, YouGov noted. Biden had a -9 net approval rating at this point in his term and Trump had a -15 net approval rating at this point in his first term, according to Economist/YouGov polling. Nov. 19-17: Trump’s approval rating declined two points, to 39%, in the latest NPR/PBS/Marist poll compared to the groups’ September survey, and his disapproval rating increased from 53% to 56% (the poll of 1,443 U.S. adults was conducted Nov. 10-13 and has a three-point margin of error). The poll also found Democrats have an advantage headed into next year’s midterms, with 55% of respondents saying they were more…
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BitcoinEthereumNews2025/12/06 00:51
XRP Battles Its Biggest Sentiment Drop In Months

XRP Battles Its Biggest Sentiment Drop In Months

The post XRP Battles Its Biggest Sentiment Drop In Months appeared on BitcoinEthereumNews.com. They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley! So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit…
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BitcoinEthereumNews2025/12/06 00:49
SEC Approves 21Shares 2x Leveraged SUI ETF

SEC Approves 21Shares 2x Leveraged SUI ETF

The post SEC Approves 21Shares 2x Leveraged SUI ETF appeared on BitcoinEthereumNews.com. The US Securities and Exchange Commission (SEC) has approved a leveraged exchange-traded fund tied to the SUI token from 21Shares, allowing investors to gain amplified exposure to the Sui ecosystem as questions persist about the risks of leverage in crypto markets. On Thursday, the Sui Foundation announced that 21Shares has launched its 2x leveraged SUI (SUI) ETF, trading under the ticker TXXS on the Nasdaq. The fund is designed to deliver twice the daily return of SUI, giving investors a way to gain leveraged exposure without directly holding the cryptocurrency. In practical terms, if SUI rises 10% in a single day, the ETF aims to rise by about 20%. Losses are similarly magnified on the downside. Rather than holding SUI tokens, the fund utilizes derivatives, including swaps and other financial contracts, to track the price movements of the token. Source: Sui Network Until now, the SEC has been reluctant to approve higher-leverage crypto investment products. In October, the regulator said it was “unclear” whether the proposed three-times and five-times leveraged ETFs would meet regulatory standards. Earlier this week, the agency also issued a series of warning letters to fund issuers, cautioning against products that offer such elevated levels of leverage across stocks, commodities or digital assets. Related: Atkins says SEC has ‘enough authority’ to drive crypto rules forward in 2026 The ongoing debate over crypto leverage The debate over curbing excessive leverage is particularly relevant in the cryptocurrency market, where heavy use of borrowed money continues to amplify price swings and, at times, trigger sharp losses for traders. On Oct. 10, the crypto market saw its largest leverage-driven sell-off on record, with roughly $19 billion worth of positions liquidated as prices fell rapidly and forced highly leveraged traders out of their positions. The fallout extended beyond leveraged traders to spot…
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BitcoinEthereumNews2025/12/06 00:46