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Top cryptocurrencies to lookout for this week: BTC, DOT, UNI & LINK

Bitcoin could push above $56,100 and that could attract buying in DOT, UNI and LINK. Bitcoin has continued to trade near the $55,000 level. The sharp rally in Bitcoin has pushed its market dominance from 40.70% to about 45% today. This shows that the strong recovery in cryptocurrencies has largely been led by Bitcoin. 

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Bitcoin could push above $56,100 and that could attract buying in DOT, UNI and LINK. Bitcoin has continued to trade near the $55,000 level. The sharp rally in Bitcoin has pushed its market dominance from 40.70% to about 45% today. This shows that the strong recovery in cryptocurrencies has largely been led by Bitcoin. 

BTC

Bitcoin rose above the stiff overhead resistance at $52,920 and the bulls have held the price above the breakout level. This is a encouraging sign as it indicates that buyers may be holding on to their positions in hopes of higher levels in the short term. The moving averages have completed a bullish crossover and the relative strength index is near the overbought zone which indicates that the path of least resistance is to the upside. If buyers push the price above $56,100, BTC may rally to $60,000.

DOT

Polkadot has been progressively moving higher toward the overhead resistance at $38.77. The RSI has broken out of the downtrend line and the 20-day EMA of $32.15 has started to turn up, signifying an advantage for buyers. If the bulls push the price above $38.77, it will cancel the head and shoulders pattern. The failure of a bearish setup is a bullish sign as it may trap the aggressive bears who then try to cover their positions, resulting in a short term squeeze.

UNI

Uniswap has been holding above the 20-day EMA of 24.55 for the past few days, which indicates that the bulls are trying to defend this support. The bears are in no mood to relent as they have not allowed the price to rise above the line. The buyers will have to push and close the price above the line to complete an inverse head and shoulders  pattern. This bullish reversal setup has a pattern target at $36.98 but the rally may not be linear as bears will try to defend the level at $31.41.

LINK

Chainlink broke above the downtrend line but the bulls have not been able to exploit this move. The coin has been stuck in a tight range between $25.20 and $26.19 for the past few days.

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US lawmakers advance anti-CBDC bill

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U.S. lawmakers have voted to advance a bill aimed at blocking the Federal Reserve from issuing a central bank digital currency (CBDC), marking a major step in the political pushback against the development of a digital dollar.

The bill, which passed through the House Financial Services Committee, would prohibit the Fed from directly offering accounts or issuing a CBDC to individuals, citing concerns over surveillance, privacy, and government overreach.

Supporters of the legislation argue that a digital dollar could pose significant risks to civil liberties, enabling real-time tracking of consumer transactions and expanding federal control over personal finances. They view the bill as a safeguard against what they describe as a “surveillance-style” monetary system.

Opponents of the bill, however, argue that restricting CBDC development could hinder U.S. innovation and global competitiveness in the evolving digital financial landscape.

The legislation now moves closer to a potential floor vote in Congress. Its progress underscores growing ideological divisions over the future of money in the United States, with CBDCs emerging as a new front in the broader debate over digital governance, financial freedom, and the role of government in the digital age.

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Gemini to open Miami office after judge stays SEC case

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Crypto exchange Gemini has opened a new office in Miami, reinforcing its commitment to expanding operations despite pausing its plans for an initial public offering (IPO) amid a continuing legal battle with the U.S. Securities and Exchange Commission (SEC).

The Miami office signals the company’s long-term vision for growth in key U.S. markets, even as regulatory uncertainty clouds the broader crypto landscape. The expansion comes at a time when Gemini is facing heightened scrutiny from the SEC over its Earn program, which the regulator alleges involved unregistered securities.

While the IPO remains on hold, Gemini continues to strengthen its infrastructure and team, focusing on user growth, compliance, and regional outreach. The Miami hub is expected to play a strategic role in those efforts, leveraging the city’s growing status as a U.S. crypto hotspot.

Co-founders Cameron and Tyler Winklevoss remain vocal about the need for clear regulatory frameworks and have emphasized that Gemini will continue to fight for fair treatment while building responsibly in the U.S. and abroad.

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Coinbase Institutional files for XRP futures trading with CFTC

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Coinbase Institutional has officially filed with the U.S. Commodity Futures Trading Commission (CFTC) to offer XRP futures trading, marking a significant move toward expanding institutional access to Ripple’s native token.

The filing, submitted through Coinbase Derivatives, signals the exchange’s intent to list XRP futures contracts in a regulated environment. If approved, it would allow institutional investors to gain exposure to XRP through derivative products, a key step in broadening the token’s presence in traditional financial markets.

This development comes amid a gradually improving regulatory climate for XRP, following a partial legal victory for Ripple in its ongoing case with the U.S. Securities and Exchange Commission (SEC). The outcome gave XRP a degree of legal clarity, opening the door for exchanges and financial institutions to re-engage with the asset.

Coinbase’s push to expand its derivatives offerings also aligns with its strategy to build a more robust institutional platform. Approval from the CFTC would position the exchange to capitalize on growing demand for regulated crypto investment vehicles.

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