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XRP Plunges 17% in Steepest One-Day Drop Since 2025 as $46M in Leveraged Longs Get Wiped
Yahoo Finance· 2026-02-06 08:13
Core Insights - XRP experienced a significant decline of over 17%, reaching approximately $1.25, marking its worst one-day performance since October 2025, amid a broader crypto market selloff [2][3] - A total of $46 million in XRP derivatives were liquidated within 24 hours, predominantly from leveraged long positions, indicating a substantial impact from leveraged trading [2][5] - Despite the price drop, XRP spot ETFs have continued to attract net inflows, totaling around $24 million this week and surpassing $1.2 billion in cumulative inflows since their launch in November 2025 [2][7] Market Performance - XRP's weekly losses have accumulated to nearly 30%, with its market capitalization falling to approximately $75 billion from a peak of $210 billion in July 2025 [4] - The price decline has pushed XRP 45% below its January 2026 high of $2.41, reflecting deteriorating market conditions [4] Liquidation Dynamics - The liquidation of $46 million in XRP derivatives was primarily driven by bullish bets, with $43 million attributed to long positions, leading to a cascade of stop-loss orders [5][6] - The broader crypto market saw approximately $1.42 billion in total liquidations on the same day, with long positions accounting for $1.24 billion [6] ETF Inflows - Institutional inflows into XRP exchange-traded funds have remained robust, with inflows recorded on all but four trading days since the ETF's launch [7] - In contrast, Bitcoin ETFs faced significant outflows, totaling approximately $545 million on a single day, highlighting the differing investor sentiment between XRP and Bitcoin [8]
Why XRP Is Plummeting Today
Yahoo Finance· 2026-02-05 21:15
Core Viewpoint - XRP is experiencing significant sell-offs, with its price dropping approximately 24% in the last 24 hours, while Bitcoin and Ethereum also faced declines of 13.5% and 14.2% respectively [1][2]. Market Reaction - The cryptocurrency market is undergoing a sell-off as investors respond to changing macroeconomic conditions and concerns over fundamental valuations [2]. - The appointment of Kevin Warsh as the next head of the Federal Reserve has triggered selling pressure, as investors doubt he will support anticipated interest rate cuts [4]. XRP Performance - XRP's price has decreased over 50% in the past year, and it is now trading near its 52-week low, indicating a significant loss of confidence in the broader crypto market [2][5]. - Despite having strong support from institutional and retail investors, XRP has still experienced substantial valuation pullbacks recently [5]. Investment Considerations - Analysts suggest caution regarding investments in XRP, as it was not included in a list of the top 10 stocks recommended for potential high returns [6].
Ethereum Whales And HODLers Follow Vitalik’s Cue As $1,800 Risk Grows
Yahoo Finance· 2026-02-05 09:00
Ethereum price remains under pressure in early February as selling momentum builds across both on-chain and technical indicators. The token has slipped below key support levels following a confirmed chart breakdown, while fresh data shows large holders and long-term investors beginning to reduce exposure. With Vitalik Buterin selling ETH and accumulation slowing, the $1,800 zone is now emerging as a critical near-term downside risk. Head-and-Shoulders Breakdown Aligns With Vitalik’s ETH Selling Ethereum ...
3 Altcoins That Could Hit New All-Time Highs In The First Week of February 2026
Yahoo Finance· 2026-02-02 21:00
Altcoins are showing renewed strength as February begins, with select tokens pushing closer to all-time highs. Strong momentum, rising inflows, and favorable technical setups are putting a few names firmly in focus.  Thus, BeInCrypto has analysed three altcoins that could challenge or set new all-time highs in the first week of February. Rain (RAIN) RAIN is trading near $0.0094 at the time of writing, remaining below the $0.0100 resistance level. The altcoin is roughly 11% away from its all-time high of ...
Tether and Opera Expand Financial Access in Emerging Markets Through MiniPay
Prnewswire· 2026-02-02 15:11
Core Insights - Tether is expanding USDT and Tether Gold support within Opera's MiniPay wallet, enhancing financial inclusion in emerging markets [1][6] - USDT has a market capitalization exceeding $186 billion, making it the most widely used digital dollar globally [2] - MiniPay has over 12.6 million activated wallets and has seen significant user growth, particularly in Africa, Latin America, and Southeast Asia [3][4] User Engagement and Growth - MiniPay recorded a 50% growth in on-chain users in Q4 2025, with 7 million phone-verified USDT wallets and 300,000 unique buyers in December, a 33% increase month-over-month [3][4] - Celo, the blockchain supporting MiniPay, experienced a user growth of 506% over the last year, increasing from 825,000 to 5 million users [4] - In December 2025, MiniPay users initiated over 96 million USDT in transfers and conducted more than 3.5 million peer-to-peer payments [4] Financial Transactions and Local Integration - Users added over $49 million in cash to MiniPay wallets through local partners, facilitating direct connections to Tether's liquidity network [5] - More than $153 million was sent or received through MiniPay in December, indicating a rising demand for stable, dollar-based payments in mobile-first regions [5] Product Features and Market Position - MiniPay supports Tether Gold (XAU0), providing an inflation-resistant savings option as gold prices rose nearly 50% in 2025 [6] - Tether Gold serves as a transparent bridge between traditional value stores and the digital economy [7] - Tether's commitment to transparency and accessibility is aimed at expanding the real-world use of stablecoins [8]
HBAR Still Bullish After 35% Drop? Yet One Broken Streak Could Delay Price Rebound
Yahoo Finance· 2026-02-02 11:00
Core Viewpoint - Hedera's HBAR token has experienced significant downward pressure, falling nearly 35% since mid-January and over 40% from its November highs, with weak price momentum persisting [1]. Price Movement and Technical Indicators - Despite the recent sell-off, HBAR's price structure remains constructive, moving within a falling wedge pattern since late October 2025, indicating that selling pressure may be weakening [3]. - The Chaikin Money Flow (CMF) has shown a divergence since late December, with HBAR's price declining while CMF has trended higher, suggesting continued capital inflow despite falling prices [4]. - The Money Flow Index (MFI) indicates that traders have been actively buying dips, with MFI recently curling upward and currently near 41, indicating potential for a bullish divergence if it surpasses 54 [7]. Market Sentiment and Volume Analysis - CMF and MFI suggest that dip buyers remain active, with capital not fully exiting the market, indicating ongoing accumulation within the falling wedge [8]. - However, the On-Balance Volume (OBV) indicator shows weakening, which raises concerns about volume support for price trends, indicating a cautious outlook despite positive money flow indicators [9].
Onyxcoin Holders Sold in Panic, But Technical Charts Show Breakout Potential
Yahoo Finance· 2026-02-01 22:22
Core Insights - Onyxcoin price has recently declined, raising concerns among short-term holders, but underlying signals suggest a potential accumulation opportunity rather than weakness [1][2] Investor Behavior - Investor sentiment has turned bearish, with exchange balances for Onyxcoin increasing by approximately 350 million XCN, valued at nearly $2 million, indicating growing sell intent [2] - A 12% decline in XCN price triggered panic among holders, leading many short-term participants to exit positions early, which added supply to the market and increased short-term volatility [3] Market Indicators - Despite visible selling, macro indicators like the MVRV Long/Short Difference are trending higher, suggesting improved conditions beneath the surface, as rising values indicate reduced profitability for short-term traders [4] - When short-term holders experience profit loss, selling pressure typically diminishes, leading to potential price stabilization and a clearer path for Onyxcoin's recovery once excess supply is absorbed [5] Price Analysis - Onyxcoin is currently trading near $0.0057, above the $0.0054 support level, which has held during recent volatility, and has formed a flag pattern that often signals continuation after consolidation [6] - The measured move from the flag pattern projects a potential 150% rally, targeting $0.0156 if the breakout fully develops, although this requires broader market support and sustained demand [7] - A more conservative outlook suggests that reclaiming $0.0077 would confirm bullish intent, with potential advancement toward $0.0095 and the psychological mark of $0.0100, which often triggers momentum-driven buying [8]
AI Models Predict Ethereum, Solana, and XRP 2026 Prices—Which Altcoin Has the Biggest Upside?
Yahoo Finance· 2026-01-30 19:30
Quick Read Solana leads upside potential with 500% bull case projections vs 480% for Ethereum and 200% for XRP. Ethereum provides the best risk-adjusted return with 170% base case upside and institutional floor protection. XRP shows $1.3B in ETF inflows and 57% exchange balance decline but upside remains capped by regulatory dependency. Investors rethink 'hands off' investing and decide to start making real money Four major AI models have projected 2026 price targets for Ethereum (CRYPTO: ETH), S ...
SOLOWIN HOLDINGS’s AX Coin Becomes the First Stablecoin Issuer Granted In-Principle License Approval from the Central Bank of Bahrain
Globenewswire· 2026-01-28 13:57
Core Insights - SOLOWIN HOLDINGS has received an In-Principle Approval letter for a stablecoin license from the Central Bank of Bahrain for its subsidiary AX Coin, pending final regulatory approval [1][2] Company Overview - SOLOWIN HOLDINGS (NASDAQ: AXG) is a leading financial technology firm established in 2016, focusing on bridging traditional and decentralized finance through secure and compliant financial infrastructure [2] - The company operates through its subsidiaries, including AlloyX Group and AX Coin, and offers integrated digital asset solutions for global investors and institutions [2] - The firm is backed by prominent international institutional investors and aims to manage compliant and transparent digital assets closely linked to the real economy [2] Strategic Goals - The company aims to launch a compliant stablecoin within the regulatory framework and expand AlloyX Group's stablecoin ecosystem across the Middle East and Africa (MEA) region and beyond [2]
Are Trump's Tariffs Helping XRP, or Hurting It?
Yahoo Finance· 2026-01-27 13:23
Key Points XRP hasn't performed great since the Trump administration started imposing tariffs last year. Actually, it did perform great for a brief period, but that had nothing to do with the tariffs. Nor is its decline since that period of strong performance necessarily linked to trade policies. 10 stocks we like better than XRP › As many investors learned in 2025, the imposition of tariffs, which are simply taxes on the end-consumers of imported goods, can knock markets around long before they ...