Cryptocurrency Market Analysis: Breaking the $86K-$88K Resistance
READ SOURCE businessmayor April 21, 2025
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Yahoo
an hour ago
- Yahoo
Dave Portnoy's XRP Sell-Off Cost Him Millions—His Reaction? 'I Want To Cry'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. When XRP hit fresh all-time highs above $3.40 last Thursday, not all were rejoicing. 'I would've made millions, and I want to cry,' Barstool founder Dave Portnoy said that day in a video posted on X, disclosing that he had sold his XRP bag two weeks earlier at $2.40. 'I don't own it anymore, even though I was the leader of the XRP army,' he said. Portnoy, also known as 'El Presidente,' said he had dumped his XRP holdings on the advice of an unidentified person who had put him on to the asset in the first place. Portnoy said the individual told him that he was 'unhappy' with XRP because he believed Ripple would likely face stiff competition from Circle (NYSE:CRCL), issuers of the USDC stablecoin. Ripple is a blockchain cross-border payments firm. The founders of Ripple were also the creators of XRP. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . The person's concern appears to have emerged around the time Ripple and Circle filed for banking charters in the U.S. to bolster their stablecoin businesses. Portnoy said he held nearly $3 million worth of XRP before he sold. 'I wasn't gonna sell it,' he said Monday in an extended video lamenting his loss. 'I was gonna diamond hands it.' Heightening Portnoy's pain, his purported XRP adviser did not sell his holdings. 'And then the guy is like, well, I didn't sell it,' he said. 'He's like, I hold things for five years. Well, why did you text me out of the blue, been like I don't like it. I just put it away. I wasn't even thinking about it.' The XRP saga is another instance that highlights Portnoy's impulsive trading style. Despite posting 'XRP to the moon' on multiple occasions and claiming to be an 'XRP army' member, his tale suggests he had no conviction in the asset's fundamentals. Trending: New to crypto? on Coinbase. Portnoy admitted as much in May. 'It's FOMO,' he said, explaining his rationale for investing in XRP while speaking at Consensus 2025 at the time. 'It's not like I have some grand belief in it.' Portnoy speculated that XRP could experience the same level of growth as Bitcoin, fantasizing about a future where the asset could trade for thousands of dollars. Meanwhile, it is not the first time Portnoy has fumbled a major cryptocurrency bag. He initially ventured into cryptocurrencies in August 2020, throwing $2 million into Bitcoin and an estimated $300,000 into Chainlink following a conversation with the Winklevoss twins. However, he famously abandoned his positions about a week publicly bewailed this decision in March 2021, stating 'I f—-d up Bitcoin' as the asset's price rallied. The decision appears to continue to torment Portnoy. In December, he highlighted that his initial Bitcoin investment would have been up 10x if he had held. 'Dave is sad,' he said, pointing out that his cost price in 2020 was $11,000 as the asset surged over $100,000. The sting of this regret appears to have encouraged Portnoy to get back in the Bitcoin game, and unlike the last time, the market has so far looked kindly on him. 'I'm still doing good in obviously Bitcoin and ETH,' he said on Monday. Read Next: 7,000+ investors have joined Timeplast's mission to eliminate microplastics— Image: Shutterstock This article Dave Portnoy's XRP Sell-Off Cost Him Millions—His Reaction? 'I Want To Cry' originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Yahoo
‘Risk assets are back in favor' says Bitdeer exec
'Risk assets are back in favor' says Bitdeer exec originally appeared on TheStreet. Bitcoin's recent climb to fresh highs stems from a convergence of factors, Bitdeer CFA Jeff LaBerge tells TheStreet Roundtable. 'Risk assets are becoming back in favor now,' he explains, citing clearer regulation and renewed macro appetite for growth assets. LaBerge notes that ETF inflows and the emergence of dedicated Bitcoin treasury firms have added further momentum — a combination that, if history repeats, could extend the current bull phase another 12 to 18 months. Looking beyond the traditional four‑year bull‑bear cycle, LaBerge argued that Bitcoin must evolve from a pure risk‑on asset into a true store of value. He pointed to April's volatility in equities, when Bitcoin rose about 15% despite a flat stock market, as an early sign of its flight‑to‑safety potential.'It's going to have to transition from being just a true risk‑on, risk‑off asset to acting more like digital gold,' he said — a shift he believes will reduce extreme swings and broaden adoption. Mining industry poised for growth LaBerge also highlighted how the mining sector is benefiting from today's rally. He explained that miners track 'hash price,' which combines Bitcoin's market price with global network hash rate to gauge profitability. With hash rate relatively steady even as prices climb, mining has become notably more lucrative — older machines now yield healthy returns, while new rigs such as Bitdeer's Sealminer A2 can generate a coin for roughly $30,000 to $35,000 in energy costs alone. Looking ahead, Bitdeer plans to launch its Sealminer A3 this quarter, boasting market‑leading efficiency. LaBerge expects this next‑generation rig to boost both self‑mining operations and third‑party also securing more flexible energy deals and diversifying into high‑performance computing and AI data centers to build resilience against future downturns. With a global portfolio spanning 2.7 gigawatts of secure power and onshore manufacturing coming to the U.S., LaBerge says Bitdeer is well positioned to weather any bear market — and help Bitcoin fully realize its role as digital gold. 'Risk assets are back in favor' says Bitdeer exec first appeared on TheStreet on Jul 24, 2025 This story was originally reported by TheStreet on Jul 24, 2025, where it first appeared.
Business Upturn
3 hours ago
- Business Upturn
Remittix Announces Wallet Beta Launch As Interest From XRP and ADA Communities Grows
By GlobeNewswire Published on July 25, 2025, 03:45 IST KOSICE, Slovakia, July 24, 2025 (GLOBE NEWSWIRE) — With hype building across the crypto community, Remittix , the low-fee crypto disrupting traditional remittance infrastructures, has announced the beta launch date of its new multi-chain crypto wallet, to cater to Ethereum, Solana, and more. This comes on the heels of overwhelming interest from both the XRP and Cardano (ADA) communities, both of which are known for their passion for utility-led blockchain projects. With over $17 million raised in its presale and 563 million tokens sold, Remittix continues to drive the attention of savvy investors, DeFi enthusiasts, and blockchain developers looking for the subsequent high-income crypto with real-world utility. Wallet Beta Release – Q3 2025 Remittix Wallet is envisioned for the next-generation global crypto user, especially in the emerging markets where high remittance fees and slow transactions are a constant frustration. Beta testers will get to experience: Secure transfers and storage on Ethereum and Solana Forward-looking architecture for XRP and Cardano integration Early exposure to Remittix staking and passive yield features staking and passive yield features An opportunity to win a share of the $250,000 Remittix Giveaway A 50% token reward for current presale participants This wallet will be the foundation of Remittix's bigger picture: making it possible for users to make lightning-fast, low-cost crypto payments across borders, without banks or middlemen. XRP and ADA Users Fuel Remittix Momentum Remittix quotes a sharp rise in waitlist signups and presale purchases from users across XRP and ADA Telegram and Reddit communities. Why? A good, chain-agnostic wallet that provides the value that most networks promise but few deliver—availability, affordability, and actual utility. Our infrastructure is talking the same language as XRP and Cardano users—technology that performs, not hype that expires. This beta wallet is for them, said a Remittix product lead. Real-World Utility: The Crypto-to-Fiat Vision Behind Remittix While the Remittix Wallet beta will focus on multi-chain crypto transactions and staking, the broader mission is much bigger: creating a bridge between crypto and real-world fiat use. In future updates, Remittix plans to add local off-ramp solutions, allowing users to easily cash out stablecoins for local currency. That is, not just holding crypto—but spending it. The future vision involves: Crypto-to-fiat payout rails for underbanked users Support for mobile money platforms and local payment agents Faster settlements than traditional banks Borderless, bankless payments with real value in daily life It's a future where users in Africa, Southeast Asia, and Latin America can receive USDT or ETH—and instantly convert it to local currency, skipping high fees and slow processes. Presale Momentum Builds Remittix's ongoing presale hasn't only surpassed the $17 million mark but is accelerating as word gets out through crypto staking forums and altcoin investor groups. As it offers low gas fee support, DeFi hardware, and multi-chain support, the token is picking up speed as one of 2025's hottest new crypto launches. Investors can join the presale and receive their bonus tokens using the official Remittix website. The Q3 2025 introduction of beta wallets will mark the beginning, and the support for additional blockchains such as Cardano and XRP is in planning. About Remittix Remittix is a DeFi protocol working towards simplifying cross-border payments using low-gas-cost crypto networks. It is built to scale on Ethereum, Solana, Cardano, and more, and its functionalities include staking, simple transfers, and a multi-chain wallet, designed for the billions of underbanked and unbanked users around the world. For media inquiries: Visit Remittix Whitepaper & Presale Info Follow Remittix on X for official updates Contact:Andy Černý [email protected] Disclaimer : This content is provided by Remittix . The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. Photos accompanying this announcement are available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
