OranjeBTCâs Stock Slumps Even as It Doubles Down on Its Bitcoin Proposition in Brazil
OranjeBTCâs Stock Slumps Even as It Doubles Down on Its Bitcoin Proposition in Brazil
OranjeBTCâs share price in Brazil has plunged, failing to attract cryptoâsavvy investors. Nonetheless, the company has doubled down on its bitcoin strategy, recently adding 16 BTC to its strategic reserve. OranjeBTC Fails to Take Flight, Acquires More Bitcoin The Facts: OranjeBTC, the first âpureâ bitcoin reserve company in Brazil and Latin America, has failed to [âŠ]
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XRP Open Interest Crashes 50% Over The Weekend, What Does This Mean For Price?
The XRP market has witnessed an unexpected shakeup over the past few days, with Open Interest (OI) plunging over 50% in just one weekend. According to data from Coinglass, XRPâs futures open interest dropped to approximately $4.22 billion as of October 14. This sharp decline signals a negative shift in market sentiment, raising the question about whether XRPâs recent price recovery can hold amid shrinking derivatives activity. XRP Open Interest On Exchanges Crashes 50% The data from Coinglass paints a clear picture of massive deleveraging across the XRP futures market. From September until October 10, XRPâs open interest consistently fluctuated between $7 billion and $9 million, indicating heightened speculative activity. Related Reading: Hereâs How High The XRP Price Would Be With The Market Cap Of Bitcoin However, on October 11, the assetâs open interest crashed from $8.36 billion to $5.12 billion within 24 hours, representing a staggering 38.7% decline. Since then, the total open interest across exchanges has continued to trend downward, settling around $4.22 billion after crashing 50% from $8.36 billion on October 10. Binance, the largest exchange for XRP derivatives, mirrored this dramatic correction. Its open interest plummeted from $1.3 billion on October 8 to $607.21 million by October 14, marking a 53.4% collapse. The first major sign of stress appeared when open interest on Binance dropped from $1.27 billion on October 10 to $882.39 million on October 11, marking a roughly 30% loss overnight. Since that steep decline, the exchange has seen little sign of renewed speculative appetite. Notably, the decline in XRP exchange open interest coincided with its weekend price crash, when it fell from $2.4 to as low as $0.8 in a single day before rebounding above $1.5. Although XRP has since recovered to $2.46 as of writing, open interest continues to spiral downwards, reflecting a deep shift in market sentiment toward caution and fear. This also suggests that the current XRP price rally is driven more by spot buyers than leveraged traders, indicating that traders who shorted the market are being forced to buy back their positions. XRP Price Rally Hinges On $2.65 Breakout On the technical front, XRPâs daily chart on Binance suggests that the cryptocurrency may be nearing a critical turning point. According to crypto analyst Matthew Dixon, XRP bulls are now testing the $2.65 resistance zone after a significant corrective pattern. Related Reading: Zach Rector Pits XRP Against The Rest Of The Market â Here Are The Results The analystâs chart shows that XRPâs recent price action completed a large WXY corrective wave, followed by a sharp rebound from its weekend low. Currently, the cryptocurrency is trading above $2.45, struggling to sustain momentum above the key $2.65 barrier. The analyst has indicated that a successful breakout and retest of this key resistance level could trigger rapid price acceleration, potentially driving XRP toward new all-time highs. Featured image from Adobe Stock, chart from Tradingview.com
Nobel Prize Winner Declares Bitcoin A Force For Economic Liberation
MarĂa Corina Machado, a leading figure in Venezuelaâs opposition, was awarded the 2025 Nobel Peace Prize for her long campaign to restore democratic rule and human rights in the country. Related Reading: Bitcoin Meets Rock âN Roll: Decoding Michael Saylorâs âDonât Stop Believinââ Tweet Reports say she has also become one of Latin Americaâs most [âŠ]
$HYPER Next Crypto to 1000x? The Bitcoin Hyper Fast-Track for Bitcoinâs Next Chapter
Quick Facts: 1ïžâŁ Bitcoinâs limited throughput, high fees, and lack of native DeFi restrict its use as a true digital currency. 2ïžâŁ Bitcoin Hyper introduces an SVM Layer 2, enabling instant, low-fee, and secure Bitcoin transactions. 3ïžâŁ Over $23.5M raised positions Bitcoin Hyper as a major Layer 2 contender. Bitcoin is king. Itâs the most [âŠ]