A new American legislation leads to a $4 billion jump in the stablecoin market
A new American legislation leads to a $4 billion jump in the stablecoin market
The ink has not yet dried on the new American GENIUS law, but its effects are already beginning to show in the cryptocurrency sector. In just seven days, the market added nearly $4 billion, raising the total market capitalization
for stablecoins to over $264 billion, igniting companies' interest in investing in this field.
$XRP The co-founder of Ripple, Chris Larsen, sold nearly 140 million dollars worth of XRP after the currency reached an all-time high. The XRP currency dropped by more than 11% on July 17 after Larsen transferred 50 million XRP to several addresses. The tokens that were transferred reached centralized exchanges or exit services.
You are an experienced or moderately experienced trader in this field. What advice do you give to a beginner, especially in the area of indicators analysis? Thank you all 🤍🤍🤍#BTCvsETH
$SOL 📉 Market Overview Solana (SOL) recorded a strong increase of about 12% to rise above $200, reflecting a clear influx of capital towards alternative currencies or Altcoins
$ETH 📉 Market Overview Ethereum (ETH) is almost stable at levels of $3,700–$3,800, with strong resistance around $4,000. Technical analysis indicates a likelihood of testing support at ~ $3,625 before any potential rebound towards $4,185.
Bitcoin (BTC) records a slight decline below its recent level, moving between $116.7K and $119.3K, registering a decline of about 1% due to profit-taking after the recent record rise.
Time Period Expected Technical Target Public Opinion
Short Term (Days-Weeks) 3.66 $ → 4.00 $ Clear support and resistance – potential for upward movement Medium Term (Months) 5 $+ Based on institutional and regulatory flows Long Term (Until the end of 2025) 10–22+ $ Historic upward scenario supported by MVRV and regulatory decisions #Xrp🔥🔥 ⚠️ Risks to be aware of
1. Market Volatility: XRP is a highly volatile currency; it may experience sudden corrections after upward waves.
2. Technology Adoption: Ripple's success in leveraging XRPL and institutional adoption is crucial.
3. Regulation: Any negative change in regulatory frameworks – especially in the United States – could reduce momentum.