On Monday, the price of XRP, formerly known as ripple, increased for a third straight session as it approached a five-month high. If the relative strength index (RSI) passes the 70.00 level, XRP is likely to reach a new multi-month high and a long-term ceiling around $0.5000. The RSI is now moving towards a ceiling at 70.91. Beginning the week with a downward movement, Polygon (MATIC) fell toward a recent support level. The $1.05 level, last touched on March 12, is currently within striking distance of MATIC/USD. News Sorce

If a successful move is made over the $28,150 resistance, the price of bitcoin, which is now consolidating above the $27,000 support, may begin a new uptrend. In the hourly chart of the BTC/USD pair, a significant bullish trend line is forming, with support located close to $27,500. (data feed from Kraken). The price is now above the 50% Fibonacci retracement level of the decline from the swing high of $28,798 to the low of $27,007, and it may now continue higher toward the $29,500 resistance area. News Sorce

According to Sam Reynolds, there is a liquidity issue with decentralized derivatives platforms, but at least one player is certain that things will improve. Although Bitcoin is starting the week by testing $28,000, a consolidation at $25K is not out of the question. At $27,966, Ethereum is slightly outpacing bitcoin at the start of the day, up 1.7%. The 10-year Treasury yield is 3.38%, and the S&P 500’s daily closing is 3,970.99. The most recent Decentralized Finance (DeFi) crisis, involving the protocol Euler Finance this time, appears to be coming to an end, and ether traders are exhaling a sigh of relief. Over the weekend, CoinDesk reported that the hacker who was responsible for Euler Finance’s $200 million protocol attack has mostly reimbursed the money that was taken. Solana and Eos, two Layer 1’s, received the news well and started the Asia business day on a positive note. Decentralized derivatives exchanges, however, are experiencing a liquidity crisis because there aren’t enough fiat payment rails. The demise of FTX increased interest in derivatives DEXs, but as competitors run out of liquidity, there are concerns about the viability of the idea. Only $1.27 million, $450,000, and $1.64 million in open interest were available from Kwenta for long positions in bitcoin and ether, respectively. Although GMX was in a stronger situation, there was little short-term cash available. The open interest in Perpetual Protocol is still increasing, however there aren’t many new crypto traders joining DEXs. News Sorce

The top ten stablecoins account for $31.8 billion, or 75% of 24-hour worldwide trading volume, of the $135 billion stablecoin market. Certain stablecoins’ supply has declined recently while those of others have increased. On March 26, 2023, USDT, USDC, BUSD, DAI, TUSD, FRAX, USDP, USDD, GUSD, and LUSD will be the top five stablecoins. The market value of LUSD is around $267.70 million, that of USDT is approximately $79.70 billion, and that of TUSD is approximately $2.05 billion. News Sorce

The TRON [TRX] ecosystem published a report on the network’s major advancements that took happened throughout the week that passed by. The network’s growing dominance in the stablecoin market was one of the key learnings, as Tether [USDT] saw its circulating supply reach a record high. In sharp contrast to Ethereum [ETH], which had a weekly decline of 2.3%, the total market cap of stablecoins on the network increased by 5% over the past week to $43.57 billion. Up until March 24, the chain’s income increased by 70%, while its daily user base increased by 21%. However, since March 2022, the total value locked (TVL) has decreased by 3%, raising questions about liquidity. The price of TRX fell 13%, however it has subsequently risen to $0.06375 as of this writing. News Sorce

The majority of the stolen assets, including 51,000 Ether worth over $88 million, 7,737 ETH worth over $13 million, 3,000 ETH for approximately $5.4 million, and 1,000 nETH worth $1.65 million, have been returned by the hacker responsible for the $196 million Euler Financial lending protocol attack. In exchange for any information that results in the capture of the exploiter, Euler has offered a $1 bounty. News Sorce

Despite a decline in the market cap of all cryptocurrencies on Saturday, XRP, formerly known as ripple, increased by 5%. As prices stayed close to a multi-week high, Litecoin prices also increased to start the weekend. As positive momentum developed at the price floor, the price of XRP/USD rose to an intraday high of $0.4501. With a recent crossover between the 10-day and 25-day moving averages, LTC/USD increased to a high of $93.97. If positive momentum persists, there is a good chance that LTC will rise above $100. News Sorce

This week’s Crypto Business explains how concerns about the banking system have an affect on the crypto industry as well as the most recent advancements in global crypto acceptance. Bitcoin rises, OKX leaves Canada, Mastercard allows USDC on its network, and MetaMask has teamed up with MoonPay to allow for direct cryptocurrency purchases in Nigeria. Decentralized finance (DeFi) and traditional finance are continue to converge despite the turbulence in the world’s banks and regulatory crackdowns. Due to “new restrictions,” OKX will discontinue operations in Canada by June 22, 2023, and will close any open positions in options, margins, perpetuals, and futures contracts by that date. CEO of ARK Invest Cathie Wood anticipates that most companies would allocate between 2.5% and 6.5% of their investment portfolios to BTC by 2030. She believes that the financial crisis increase will draw more institutional investors towards Bitcoin. News Sorce

The top 2,000 Ethereum whales have acquired 56 trillion Shiba Inu ($SHIB) tokens, totaling over $600 million. This makes Shiba Inu ($SHIB) the largest cryptocurrency holding among them. Shibarium is a layer-2 network that aims to make it possible for SHIB and other tokens in its ecosystem to transact quickly and cheaply. Voyager Digital, a defunct cryptocurrency lender that just delivered trillions of tokens to the Coinbase, a Nasdaq-listed cryptocurrency exchange, has been pressuring SHIB to sell. News Sorce