Author: Bitxjournal Team

XRP declined roughly 2.3% to trade near $2.12, as heavy mid-session volume failed to push the token through resistance around $2.17. The pullback came even as positive regulatory developments and steady institutional demand continue to shape XRP’s broader outlook. During the latest session, XRP attempted to extend higher but stalled near the $2.17 resistance zone, triggering renewed selling pressure. Elevated trading volume accompanied the move, yet price failed to sustain momentum, signaling short-term exhaustion rather than a bullish breakout. The inability to reclaim higher levels kept XRP locked within its recent range. Ripple recently received preliminary authorization for an e-money…

The NCAA has formally requested the U.S. Commodity Futures Trading Commission (CFTC) to suspend college sports prediction markets, warning that they mirror sports betting but lack essential safeguards. These markets, which have reached approximately $320 million in volume on platforms like Polymarket, operate under federal commodities law rather than state gaming regulations, allowing them to bypass age limits, advertising restrictions, and integrity standards. In its letter, the NCAA emphasized that these prediction markets could expose student athletes and consumers to significant risks, particularly when contracts are tied to individual players, such as those in the transfer portal. The organization warned…

Dogecoin declined nearly 4% to $0.1426, as traders sold into short-lived rallies, signaling weakening momentum. The pullback unfolded even as broader crypto markets remained relatively stable, underscoring Dogecoin’s recent underperformance. Over the 24-hour period ending January 15, DOGE fell from $0.1484 to $0.1426, producing a 5.8% intraday trading range. The move broke below the $0.1457 support zone that had supported recent consolidation, suggesting a loss of near-term technical strength. Attempts to push higher earlier in the session failed to attract follow-through buying. Trading volume surged to 48% above the seven-day average, a notable development given Dogecoin’s relative weakness. During the…

Former New York City mayor Eric Adams has rejected claims that he moved funds or personally benefited from the NYC Token, following controversy surrounding the project’s abrupt market decline. The token, which launched earlier this week, fell by more than 80% within its first hour, triggering accusations from parts of the crypto community. In a public statement, Adams’ spokesperson said no investor funds were removed and no profits were taken by the former mayor. Allegations suggesting a so-called rug pull were described as “unsupported by evidence”, with the price collapse attributed instead to market volatility and speculative trading behavior. Despite…

Bitcoin could return to a strong upward trend despite recent outperformance from gold and technology stocks, as global liquidity conditions are expected to shift, according to market commentary from industry voices. The outlook suggests that Bitcoin’s long-term trajectory remains closely tied to monetary expansion, rather than short-term competition with traditional assets.  Hayes said in a post on Wednesday. “Obviously, I believe it will in 2026,” Hayes said. Market expectations point toward a renewed expansion of US dollar liquidity in 2026, which has historically supported higher Bitcoin valuations. Factors contributing to this outlook include potential balance sheet expansion by the US central bank,…

A blockchain infrastructure company is moving to tokenize water treatment assets across Southeast Asia, with plans to scale projects worth up to $200 million over the next year. The initiative highlights how real-world asset (RWA) tokenization is expanding beyond finance into essential infrastructure. The project begins with a pilot in Jakarta, where eight government-contracted water treatment facilities are set to be tokenized. The initial phase aims to raise as much as $35 million to fund upgrades, improve efficiency, and expand local water distribution networks. By placing these assets on-chain, the model seeks to unlock new funding sources and broaden investor…

Bitcoin’s derivatives market has undergone a significant reset, with open interest falling by more than 30% from its October peak, a move analysts say could support a healthier price recovery. The decline reflects a broad deleveraging phase, where excessive risk has been flushed out of the market. According to recent on-chain analysis this reduction in open interest is viewed as a classic market-cleansing signal. Historically, similar drops have often aligned with local market bottoms, creating a stronger foundation for future upside. By unwinding leveraged positions, the market reduces the risk of sudden liquidation cascades that can amplify price crashes. Open…

Russia is preparing to open up cryptocurrency access for everyday users, signaling a major shift in its approach to digital assets. Lawmakers say crypto could soon become a “common occurrence” in daily financial activity, as a new bill aimed at deregulating parts of the market is set to enter the legislative process. According to senior officials, the proposed legislation would remove cryptocurrencies from special financial regulation, allowing broader use while still maintaining oversight. The move follows a policy change by the central bank, which recently softened its earlier stance that once favored a complete ban on crypto activity. Under the…

The cryptocurrency market is showing early signs of renewed confidence as the Crypto Fear & Greed Index moves into “greed” territory for the first time since October. The shift highlights a notable change in trader psychology after months dominated by caution and risk aversion. The index recently climbed to a score of 61, marking a clear break from the prolonged period of fear and extreme fear that followed the $19 billion market liquidation in October. Just one day earlier, the index stood at 48, placing sentiment firmly in neutral territory before turning positive. Improving sentiment has closely followed Bitcoin’s recent…

Coinbase has stepped back from supporting proposed US crypto market structure legislation, arguing that the latest draft could damage innovation and consumer choice. The decision adds new uncertainty to an already fragile legislative process as lawmakers debate how digital assets should be regulated. Coinbase Raises Objections to Current Draft The Armstrong said  the bill, in its current form, would be materially worse than existing regulations. After reviewing the latest text, Coinbase concluded it could not support the proposal, stating that no legislation is preferable to a flawed framework. The concerns emerged as the Senate Banking Committee prepared to advance the bill.…