💪 Bybit rises from its ashes after the hack of the century
Welcome to the Daily Tribune for Friday, April 11, 2025 ☕️
Happy New Year to Cointribu! 🚀
Today, it's Friday, April 11, 2025, and as every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you shouldn't miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Sunny ☀️
24h crypto recap! ⏱
🇸🇪 Sweden considers Bitcoin in its national reserves
Deputy Richard Nordin proposes that the Riksbank integrate Bitcoin into the country's official reserves. The ECB expresses reservations about this initiative.
⚖️ OpenSea contests the SEC's regulation of NFTs
OpenSea asks the SEC to clarify its position and not to consider NFTs as financial securities.
📈 Bybit recovers 7% market share after a major attack
Following the historic cyberattack it suffered, Bybit has managed to regain 7% market share.
🚀 Charles Hoskinson predicts a Bitcoin at $250,000 by the end of 2025
The founder of Cardano anticipates a significant increase in Bitcoin, reaching $250,000 by the year's end.
Crypto of the day: Fartcoin (FARTCOIN)
Fartcoin is a memecoin cryptocurrency launched on the Solana blockchain. It fits into the trend of humorous and viral tokens, similar to Dogecoin or Shiba Inu. Despite its quirky name, Fartcoin has generated notable excitement on social media and exchange platforms, particularly after the 2024 U.S. presidential election, where memecoins saw a resurgence of interest.
The FARTCOIN token is primarily used for community and speculative purposes. It does not have any major technical use cases, but its popularity relies on its active community and humorous positioning. Holders can participate in community events, meme contests, and benefit from the token's volatility for trading opportunities.
Recent performance:
Current price: $0.8554 USD
24-hour change: +18.26%
Market capitalization: approximately $855.4 million
Rank on CoinMarketCap: #68
XRP: An unprecedented technical configuration fuels bullish speculation
The cryptocurrency market is buzzing, and XRP is particularly attracting the attention of technical analysts. A rare Bollinger Bands configuration on the weekly chart suggests imminent volatility, reigniting discussions on a potential bullish rally. In a context where every technical signal is closely scrutinized, XRP could be on the verge of a significant movement.
Bollinger Bands: a historic tightening
XRP is currently trading in a narrow range between $1.90 and $2.10. According to analyst Ali Martinez, the Bollinger Bands have tightened to a rarely observed level, which is often the precursor to a volatility explosion. The upper band is at $2.50, representing a theoretical target in the case of a bullish breakout. A breach of the intermediate threshold of $2.20 could serve as confirmation for an upward movement.
Macroeconomic context and outlook
Beyond technical signals, XRP operates in a complex macroeconomic environment. While favorable regulatory developments, such as the consideration of XRP ETF applications, could support the market, uncertainties remain particularly related to regulation in the United States. Institutional interest and changes in transaction volume will be crucial to confirm or refute the bullish scenario.
XRP finds itself at a technical and fundamental crossroads. The current configuration of the Bollinger Bands suggests increased volatility is coming, with a potential rise towards $2.50 if conditions are met. However, caution is warranted, as the market remains sensitive to regulatory developments and announcements from Donald Trump.
