Category: Crypto news

Once basking in the glow of a $2.35 high, XRP then pulled a classic “I’m fine!” and tumbled below $2.30 and then $2.25. Unlike Bitcoin and Ethereum—who always seem to have it together—XRP’s out here making impulsive moves and regrettable decisions at three in the morning.

Ethereum recently bounced back to $1,800, which the market considers both encouraging and only slightly less stressful than meeting your in-laws after six espressos. But the real gossip concerns $2,200—that oh-so-important price level standing between ETH and what analysts are calling a ‘strong rally,’ and what ETH hopes is not just another awkward stumble on the dancefloor of destiny.

From the upstanding aviary of the CCI, the Proof of Stake Alliance (with a name so earnest one expects it emblazoned on banners at a tech summer camp), discharged an April 30 billet-doux to Hester “Crypto Mom” Peirce, champion of all things decentrally perplexing. The authors, their quills vibrating with nerdly indignation, pronounced staking not some fevered Wall Street bacchanal, but instead merely: “a technical process.” Quite right—after all, why regulate the plumbing of one’s virtual monastery? 🚰

This recent price drop? Folks say it’s just part of a grander wave 4 correction. Sure, another move up is possible—there’s always somebody promising sunshine just around the corner. Still, if things take a nosedive, you’d best keep an eye on that $1.22 to $1.34 neighborhood. That’s the “good luck and hold onto your hat” zone.

XRP, along with the rest of its crypto kin, seemed to get a case of the vapors after the SEC, in its infinite wisdom, declared, “Why make a decision today when you could endlessly fiddle with paperwork instead?” Seven altcoin ETF requests got put on ice. Naturally, DOGE, AVAX, and SOL took the news like children being told Christmas has been postponed, dropping about 3% according to those fine soothsayers at Coingecko.

The price, bless its jumpiness, has leaped from April’s puddles. But who is clapping besides the specter of Bullish Hope? Volume has been leaking like an old government building roof. Our gallant Bitcoin hero, hovering just shy of the imposing $95,000 psychological fortress, now faces the risk of slipping off a local summit and rolling, potato-fashion, without some meaty inflows. Oh, the melodrama!

Other cryptocurrencies may yet squeeze through the regulatory barbed wire, too. Perhaps even the notorious XRP and Dogecoin, those persistent stragglers seeking refuge—but in this world, who has not felt like an altcoin cast into the bureaucratic snow? Analyst Eric Balchunas, wielding his X account like a cudgel, assures us the odds are suddenly friendlier, as if the SEC were simply waiting for a polite request and some warm slippers.

Bitcoin bulls have returned with a vengeance, battling their way back to the $95,000 mark after a brief but dramatic sell-off induced by the latest US GDP calamity. 💸

//www.sec.gov/newsroom/speeches-statements/statement-certain-proof-work-mining-activities-032025″>statement on the equally thrilling world of mining (March, if you must know). Now, the CCI craves a similar declaration—substitute mining for staking, give the Americans something to do.😉

According to CoinGecko’s latest analysis, they’re not pointing fingers just yet – no smoking gun here – but they think market volatility during Trump’s Presidency might have something to do with the crypto graveyard growing at an alarming rate. Let’s just say, it’s not exactly a “bull market” for these tokens. 🐂💀