Kategorie: Crypto News

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XRP price retests key level as volume jumps to $2b

  • XRP price has jumped to $2.36.
  • The gains have buyers retesting key levels amid volume and open interest spikes
  • Can bulls target a new all-time high above in the coming days?

Ripple’s XRP cryptocurrency is trading higher as the market registers notable gains in the past 24 hours.

The XRP price rose to above $2.36 on Monday, with the uptick coming alongside gains for Bitcoin, Ethereum, and Solana.

BTC hovered near $110k, up 2% in 24 hours.

Likewise, Ripple’s token edged higher, with CoinMarketCap data showing that the fourth-ranked cryptocurrency was up 2.4% in the past 24 hours.

While modest, the price jump has still seen XRP extend gains above the crucial $2 mark.

This latest flip is accompanied by a spike in both daily volume and open interest, suggesting confidence in the token’s outlook.

Why is the XRP price up today?

As highlighted above, XRP price is up amid gains for Bitcoin and the broader crypto market.

While the upward flip for the Ripple token is thus in line with this upturn, action in the past 24 hours and recent days has a lot to do with XRP-related news.

Combining these with broader market dynamics has bulls eyeing a potential breakout to its all-time high above $3.84.

Notably, XRP rose to above $3.02 in January 2025 amid legal victories and the euphoria around President Donald Trump’s election.

XRP price outlook

While XRP boasts about 2.5% gains in the last 24 hours, some altcoins such as Jupiter, Virtuals Protocol, Uniswap, and Artificial Superintelligence Alliance are registering double-digit moves in 24 hours.

The XRP token may not see such performances yet, but with momentum there, it’s likely the surge in trading volume and open interest will catalyse further strengthening.

According to Coinglass, open interest in XRP is up 2.7% to above $4.7 billion.

Daily volume reached over $2 billion, while Coinglass data showed derivatives volume was +17% to $3 billion as bulls take advantage of the upside.

On Monday, veteran trader Peter Brandt ignited debate on which is a better buy today between XRP and SOL.

A move towards $3 for XRP may see buyers target $3 and then $3.8.

On the flipside, primary support will be at $2.

Although XRP hovers below these milestones, additional catalysts such as Ripple and XRP Ledger news have helped bulls.

Institutional adoption for Ripple, which is one of the biggest players in the market, has gained momentum with the launch of XRP Futures and exchange-traded funds – albeit an XRP ETF for the US market is yet to get approval from the Securities and Exchange Commission.

Recently, Ripple CEO Brad Garlinghouse highlighted the company’s growth potential in the  “Crypto In One Minute” podcast.

That and the RippleX news involving traction across tokenization in Dubai has traders bullish.

The post XRP price retests key level as volume jumps to $2b appeared first on CoinJournal.

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Crypto market braces for impact amid Trump’s tense global tariff negotiations

  • Cryptocurrencies have seen a sudden dip as Trump proposes a 50% tariff on EU goods.
  • Bitcoin (BTC) has dropped by 4% while Ethereum (ETH) has dropped by over 3%.
  • As the market braces for tariffs’ impact, the recently held TRUMP memecoin gala dinner has stirred controversy and market volatility.

The cryptocurrency market, known for its volatility, is now facing fresh uncertainty as US President Donald Trump intensifies global tariff negotiations, sending shockwaves through both traditional and digital financial systems.

Bitcoin (BTC), which recently hit an all-time high of $111,814, has become increasingly sensitive to geopolitical developments, with its price movements closely tracking Trump’s latest trade threats.

Notably, BTC has today experienced a sharp 4% decline, with Ethereum following closely with a 3.2% drop following Trump’s Truth Social post declaring that negotiations with the European Union were “going nowhere,” a statement that immediately rattled markets.

As panic spread, over $300 million in leveraged positions were liquidated, showcasing how digital assets, often viewed as uncorrelated, are becoming more reactive to global policy decisions.

90-day tariff pause almost coming to an end

As the 90-day tariff pause nears its expiry, Trump has proposed a 50% tariff on EU imports, alongside a 25% tariff specifically targeting iPhones manufactured abroad, raising alarms about broader economic implications.

Trump proposes 50% tarrof on EU imports

Investors now fear that these tariffs could not only escalate trade tensions but also lead to retaliatory actions from the EU, further complicating global market conditions.

Even though the EU has so far refrained from escalating the situation, the clock is ticking, with a 90-day tariff pause set to expire in July, placing immense pressure on ongoing negotiations.

Only the United Kingdom has finalised a trade agreement so far, and while India is expected to sign within days, other major players remain in a tense waiting game.

Market downturn amid fears of resumption of tariffs

With July just a month away, market watchers like Crypto Caesar now see Bitcoin’s $110,000 level as a key resistance point, with traders emphasising the need for BTC to hold above $109,000 to preserve the current bullish structure.

Ethereum (ETH) has not been spared from the volatility, holding a support level at $2,500 but struggling to breach the persistent resistance at $2,700, even as daily losses extend to 4%.

Notably, the ETHBTC pair continues to drift downward, suggesting weakening momentum in altcoins unless the broader market stabilises or Ethereum regains relative strength.

Pi Coin, another asset under scrutiny, showed signs of upward movement earlier this month but failed to maintain gains above $1.23 due to aggressive short-term selling and long-term investor scepticism.

US tech stocks have mirrored the downturn in crypto, with Apple shares falling amid fears that higher costs could be passed on to consumers, hurting demand and corporate profits alike.

Trump’s involvement in crypto stirs controversy

Amid all this, Trump’s personal involvement in crypto has added an unexpected layer of controversy, culminating in a high-profile gala for top holders of the TRUMP memecoin.

The event, attended by major figures like TRON founder Justin Sun, drew widespread criticism and accusations of corruption, especially as federal lawmakers call for investigations into presidential conflicts of interest in cryptocurrency ventures.

Following the gala, the TRUMP token spiked to $16 before dropping to $13.81, reflecting how quickly sentiment can shift amid political spectacle and regulatory uncertainty.

While Trump’s supporters argue that his aggressive trade stance is a strategic play to bring manufacturing back to the US, economists warn of rising consumer prices and slower economic growth.

Crypto traders, already bracing for volatility, now find themselves navigating a complex intersection of policy, politics, and profit, where even a single headline can trigger billions in liquidations.

As July approaches and the tariff deadline looms, the crypto market remains on edge, anticipating either a breakthrough in trade talks or another wave of volatility that could reshape investor confidence once again.

The post Crypto market braces for impact amid Trump’s tense global tariff negotiations appeared first on CoinJournal.

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BTC slips to $109k after Trump threatens 50% tariffs on EU

  • Bitcoin price fell to a low of $ 107,385 on Friday as stocks and crypto plummeted.
  • BTC slipped alongside Wall Street after US President Donald Trump recommended a 50% tariff on European Union.
  • Per Coinglass data, the total 24-hour liquidation spiked to more than $550 million.

Bitcoin fell more than 2.7% on Friday after US President Donald Trump recommended a 50% tariff on European Union goods.

As the global stocks dipped amid Trump’s tariffs threat, Bitcoin (BTC) price plunged below $110k to hit lows of $107,385.

However, with the Dow Jones Industrial Average also seeing a slight recovery from a dip of more than 500 points, BTC price quickly recovered to trade above $109,600.

 

 

Bitcoin price chart by CoinMarketCap

Over $300 million liquidated

The 24-hours losses stood around 1.7% at the time of writing, with the daily trading volume of BTC down 30% to $65.5 billion.

Bitcoin’s market cap hovered around $2.17 trillion.

Meanwhile, bullish traders caught offside by the sudden price swing experienced staggering liquidations.

Per Coinglass data, the total 24-hour liquidation rose to over $550 million, with long positions accounting for over $395 million.

Of these recent longs, about $309 million happened in the hours after President Trump’s post on Truth Social.

Shorts accounted for about $156 million in liquidations over the past 24 hours, with about $36 million in the last four hours.

What did Trump say?

On Friday, US President Donald Trump took to his Truth Social account to announce his disappointment in how trade talks with the European Union have progressed – or not – so far.

According to him, the EU “has been very difficult to deal with” and that discussions between the US and the bloc were not going anywhere.

Trump then said he recommends a “straight 50% tariff” on goods from the EU, starting on June 1, 2025.

“The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with. Their powerful Trade Barriers, VAT Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against American companies, and more, have led to a Trade Deficit with the U.S. of more than $250,000,000 a year, a number which is totally unacceptable,” Trump noted.

Bitcoin price reacts, dips below $110k

Stocks and cryptocurrencies fell following this announcement. Bitcoin, which had reached a new all-time high above $111k, pared some of these gains.

However, despite the dip, BTC is back above $109k and looking to reclaim $110k.

Anthony Pompliano says investors are going to quickly buy the dip, as happened in recent weeks amid tariff-related sell-offs.

BTC traded at around $109,692 at the time of writing.

The post BTC slips to $109k after Trump threatens 50% tariffs on EU appeared first on CoinJournal.

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Zcash price jumps 12% as privacy coins soar: What next for ZEC?

  • Zcash is up 12% as privacy coins, including Monero, post decent gains.
  • The ZEC token has hit $50 from its low of $30 in February
  • A crypto analyst says a breakout could see Zcash target $300.

The Zcash (ZEC) token pumped more than 12% as privacy coins joined the crypto party following Bitcoin’s spike to above $111,000.

As the investor community ponders what’s next for BTC amid overwhelmingly bullish forecasts, Ethereum, XRP, and even Dogecoin are up.

Meanwhile, the Zcash token has quietly pumped to hit prices above $50.

Privacy coins rally, with WLD up 16%

The surge for ZEC comes as the $49 billion privacy coins market witnessed spikes for Monero, MimbleWimbleCoin, Dash, and Decred. As well as these privacy coins, also on fire is Worldcoin, the token of the privacy-preserving network eyeing proof of personhood. WLD ranked as the top-gaining among these coins in the past 24 hours with a notable 16% uptick.

Helping Worldcoin’s upside is news that the World Foundation had secured funding of $135 million via private token sale to its venture capital partners, a16z and Bain Capital Crypto.

Zcash was up alongside most of these tokens, with potential catalysts including the recent ZEC integration with decentralized liquidity protocol Maya. Per details in the announcement, Maya is integrating Zcash to enhance the ecosystem’s decentralization, liquidity, and transaction privacy.

“The integration of Zcash with the Maya Protocol represents a major step forward regarding liquidity and decentralized exchange capabilities. With Maya, Zcash users can now enjoy the benefits of a more liquid and decentralized trading environment,” Maya wrote in a blog post.

Zcash price hits $50: What’s next?

Recent struggles saw Zcash price trade from highs of $75 in early December 2024 to lows of $30 in February 2025.

The downside mirrored the broader market cooling off post “Trump trade” euphoria.

However, Zcash also faced pressure as privacy coins came under fresh negative commentary.

The impact has been an increase in bearish action.

In this case, ZEC’s spike to above $50 has bulls excited.

If ZEC strengthens its bullish momentum, reclaiming support above $50, the next main target will be $75.

The psychological level of $100 is another hurdle, with a bull market target in the near term likely to be 2022 highs above $177.

Crypto analyst Javon Marks shared the update below about ZEC price on X, taking an even more bullish outlook:

On the downside, $45 and $40 could be key support areas.

However, integration with Maya and Zcash’s stance on privacy is a big plus.

Zcash recently noted that a “truly private financial system protects all data of all users, not just their names.”

Recent security issues involving crypto projects and exchanges mean users fancy a privacy coin that caters to user security for wallet addresses, balances, and transactions.

Monero and Zcash continue to stand out as the top privacy-centric coins, and a surge in their respective prices suggests market attention.

The post Zcash price jumps 12% as privacy coins soar: What next for ZEC? appeared first on CoinJournal.

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JUP price prediction as Jupiter eyes dominance in Solana DeFi

  • The Jupiter (JUP) price is currently above $0.6, and could target $1.
  • While $1 in May may be tough for bulls, JUP has rallied significantly in the past month to support bulls.
  • Decentralized finance growth amid the upcoming Jupiter Lend launch could be a catalyst.

Jupiter (JUP) has spiked by more than 11% in the past 24 hours and 21% this past week to hit highs of $0.64.

The decentralized liquidity platform’s native token ranks among the top gainers in the top 100 by market cap, per CoinMarketCap.

As Bitcoin rallied to a new all-time high, fresh interest in altcoins seeped into the JUP market, with gains mirroring those of Hyperliquid and other decentralized finance projects.

Jupiter targets Solana’s DeFi growth?

Jupiter’s surge that has strengthened this past month received a major tailwind support from the project’s latest announcement.

Eyeing DeFi momentum, Jupiter reveals plans for its new lending product – the Jupiter Lend platform is set for unveiling this summer.

According to details the Jupiter Exchange revealed on Thursday, JUP could soon become an integral part of Solana’s DeFi market.

This is down to the highly lauded partnership between Jupiter and Fluid, a DeFi protocol designed to boost mass adoption.

If the summer launch happens, Jupiter Lend will be a major challenger to Kamino Finance, currently dominating the Solana lending market with a total value locked (TVL) of $2.6 billion.

Lend is Jupiter’s quest to penetrate this market with a platform that will leverage Fluid’s dual-layer architecture.

A protocol and liquidity layer means the potential for instant liquidity, with users borrowing against their crypto.

Notably, Jupiter is one of Solana’s top DEX aggregators, currently with $2.67 billion in TVL.

Can this launch and other factors help JUP token’s price?

Jupiter price prediction: Can JUP reclaim $1 in May?

The JUP token’s price hovers near $0.61, off lows of $0.54 on May 22, 2025.

With just over a week to go for May, bulls are eyeing a green close as Bitcoin commands attention from institutional investors.

But having reached $0.6, JUP price has gained by over 100% since hitting lows of $0.3 on April 7.

JUP also rallied amid a buyback program in February.

The latest upside sees Jupiter’s native token post a fresh bullish outlook.

JUP price chart by TradingView

JUP’s daily chart has the relative strength index and moving average convergence divergence signalling upward price action.

In this case, a breakout to $0.83 could propel bulls towards the psychological $1 or higher.

On the flipside, a reversal that sends JUP below $0.57 will likely catalyze a revisit of support around $0.47.

The post JUP price prediction as Jupiter eyes dominance in Solana DeFi appeared first on CoinJournal.