Top Crypto Token Price For Today, March 20

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XRP Price Forecast: Reasons XRP Could Hit $10 If Ripple Wins SEC Lawsuit

XRP price forecast: Ripple’s battle against the United States regulator, the Securities and Exchange Commission (SEC) could take a different turn, favoring the blockchain company following yet another loss by the agency in court. According to Ripple’s Senior Attorney in the lawsuit, Stuart Alderoty, the SEC is fighting a losing battle as it piles defeats. The legal officer’s highlights follow the decision by the Second Circuit Court of Appeals, rejecting to reconsider its determination in the case of the SEC v. Govil. XRP price had dropped 2% in 24 hours to $0.5982 during US business hours, reflecting the generally mundane trading environment across the market. As discussed, Bitcoin (BTC) price hovered above $70,000 amidst the lack of momentum to keep the uptrend ongoing. Ethereum and other major altcoins faced modest declines while investors gazed toward the upcoming Bitcoin halving. The SEC Is On A Losing Streak – Ripple’s Chief Legal Officer Alderoty highlighting the Govil v.

Bitcoin Halving to Hit Miners With Billions In Loses; Here’s Why

Bitcoin halving happens once every four years and successfully helps lift the Bitcoin price by providing scarcity and increased demand. The upcoming halving, which is supposed to happen around 20 April, will be the 4th halving event of Bitcoin after the successful history of the past three. In this blog, let us discuss how Bitcoin Halving works and how miners will face billions in losses. How Does Bitcoin Halving Work? Bitcoin Halving is mandated to happen every 210,000 block formation, which takes almost four years. This four-year event is one of the most hyped events of the cryptocurrency market, as the Bitcoin mining award gets sliced in half, leading to Bitcoin scarcity and increased demand , eventually lifting the Bitcoin price. Bitcoin halving plays a major role in building the demand for Bitcoin and maintaining the inflation around it. To do so, the mining rewards have to be compromised. For instance, in the last halving event of May 2020, the block reward was reduced fro

QCP Capital on Why Bitcoin Price Fell Today, What’s Next?

QCP Capital has shed light on the overnight macro trigger that led to a notable sell-off in all risk assets, Iran’s threat of retaliation against Israel. This geopolitical tension reverberated throughout the market, sparking a wave of uncertainty and prompting investors to offload their riskier assets. Furthermore, the downside skew in ETH risk reversal serves as an early warning sign, revealing the market’s sensitivity to crypto market anxiety. The sudden and steep drop in the values of BTC and ETH, coupled with altcoins selling off by as much as 20-30% overnight, underscores the severity of the market reaction. Moreover, negative perpetual (perp) funding rates, soaring to over -40%, depict a market in distress. This deep plunge in perp funding rates, the most significant recorded this year, indicates a heightened level of fear and uncertainty among investors. Additionally, the forward curve now resting below 10% further accentuates the market’s bearish sentiment. Despite the impe

Ondo Finance Price Soared 90%; Buy or Sell?

Ondo Finance token ONDO has seen better days, soaring in price by over 90% over the past 30 days. ONDO has been among few cryptocurrencies who have defied the recent crypto market crash to present an outstanding performance. With Bitcoin halving around the corner, expected to happen on April 20, many investors are on the lookout on what altcoins to diversify their portfolio besides Bitcoin . As ONDO exhibits both resilience and growth, is it time to sell or buy? Let’s delve deep into the article to find out. Ondo Finance has experienced notable market movement and price changes in the recent past. In the last 24 hours, its price rose by 17.91%, in the previous week by 15.79%, and in the past month by a remarkable 87.28%. This indicates high market interest and possible investment opportunities for investors. ONDO is currently ranked 70th, boasting a market capitalization of approximately $1.31 billion, according to CoinMarketCap . The token recorded a decrease of 29.59%, reachin

Bitcoin Halving Can Cost Crypto Miners $10 Billion In Losses

Everyone is eagerly awaiting the upcoming Bitcoin halving event next week, which will create a supply shock in the market and thus Bitcoin price higher. However, for crypto miners, it could pose an uphill challenge triggering a multi-billion dollar decline in revenue. Bitcoin Miners Stare At $10 Billion In Losses Around April 20, the Bitcoin halving event will halve the daily rewards for miners from 900 to 450 Bitcoins. This reduction in rewards could result in revenue losses of approximately $10 billion annually for the entire mining industry, considering Bitcoin’s current price. To mitigate this potential loss, companies like Marathon Digital Holdings Inc. and CleanSpark Inc., along with other miners, are investing in new mining equipment and acquiring smaller competitors. These efforts aim to offset the expected decline in revenue caused by the halving event. Speaking on the development, Matthew Kimmell, a digital asset analyst at CoinShares, said: “This is the final push for

OSL Becomes Sub-Custodian of ChinaAMC’s Spot BTC/ETH ETF in Hong Kong

Digital asset platform, OSL will act as a trading platform and sub-custodian for two approved spot Bitcoin (BTC) and Ethereum (ETH) ETFs in Hong Kong. In an April 15 announcement, it was revealed that OSL Digital Securities a company within the OSL Group was selected as a partner for the China Asset Management (ChinaAMC) and Harvest Fund Management. Both asset managers’ products have been granted conditional approvals by Hong Kong’s financial regulator. According to the release, the platform will leverage OSL’s structure to ensure a safe trading environment for the ETFs. On its part, OSL has met the regulatory standards to deliver and maintain the services. This partnership is key because Hong Kong joins the few markets that approved spot crypto ETFs. “ With few markets worldwide accommodating Spot BTC/ETH ETFs, Hong Kong’s initiative places it alongside pioneering regions such as Canada, Germany, and Switzerland. Reflecting on the U.S. experience where Spot Bitcoin ETFs garn

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