hodler

9 Apr 2026, 03:00

Is RAVE’s 10% rally vulnerable despite 9% surge in leverage?

RAVE’s rally builds with rising leverage, but $0.26 remains the key test level.

9 Apr 2026, 03:00

User Activity On XRP Ledger Contracts With Declining Active Wallet Numbers

While the price of XRP has been struggling with volatility, this downside performance might be starting to hinder sentiment across the market as on-chain activity gradually fades. During the bearish period, there has been a significant decline in activity on the XRP Ledger, which points to weakening sentiment among investors and users. Active Wallet Count On XRP Ledger Falls Sharply After a period of growth, activity on the XRP Ledger appears to be losing momentum at a substantial rate as investors exit the network. Data from Santiment , a popular market intelligence and on-chain data analytics platform, shows that the number of active wallet addresses on the network has fallen sharply in recent sessions. This reduction points to a slowdown in user engagement, with fewer users engaging with the network through transactions and transfers. Over the past year, the average wallet addresses that have been active on the Ledger have seen an average 41% drop in their investments. When on-chain activity drops to this level, it may be the result of declining demand or a brief pause in usage after periods of increased interest from users. According to the on-chain platform, this marks the lowest MVRV (Mean Value to Realized Value) for XRP traders since the FTX collapse that took place in November 2022, triggering a bear market phase that ran for several months. The positioning suggests a cooling phase for the XRP ecosystem, which could play a key role in its long-term prospects. In the meantime, this development could influence trading activity. Santiment highlighted that large negative average returns derived from actual trader yields indicate that there is significantly less risk than average when purchasing or increasing your XRP positions . This is possible because cryptocurrencies are zero-sum trading games. However, it is largely attributed to the fact that competing traders are already in a severe condition , which the platform flags as “blood in the streets’ territory. Is The Altcoin In Its Bottoming Phase? After falling sharply, analysts are predicting a possible bottoming phase for XRP as the downward trend stalls. According to Crypto X AiMan on X, this might be the bottom for XRP. Currently, the altcoin’s price is sitting around $1.30, down from $3.50 last year, which is one of the signs that the crash might be nearly over. The analyst has also drawn attention to key indicators such as the Relative Strength Index (RSI), reinforcing this narrative. Data shows that the RSI has moved into extremely oversold levels in addition to a collapse in crypto interest on Google Trends and X. Historically, the expert claims this is when bottoms are formed. Other events, such as impending rate cuts, cooling global tensions, and renewed liquidity into risk assets, add an extra layer to this bottoming narrative. AiMan added that the crypto market cap, valued at $2.3 trillion, is still tiny compared to the stock market, which is why many believe crypto is still in its early stages. Years from now, he claims investors will look back at current prices as a gift when the sector takes off. As a result, he believes that XRP may have already reached its bottom for this cycle.

9 Apr 2026, 02:38

Bitcoin Price Trims Gains, But Uptrend Still Holds Strong

Bitcoin price started a strong increase above the $70,500 zone. BTC is consolidating gains and might aim for more gains above the $71,650 zone. Bitcoin gained pace for a move above the $70,500 and $71,500 levels. The price is trading above $70,200 and the 100 hourly simple moving average. There is a new bullish flag pattern forming with resistance at $71,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays above the $70,250 and $69,500 levels. Bitcoin Price Holds Support Bitcoin price managed to climb higher above the $69,500 resistance zone . BTC gained pace for a move above the $70,500 and $71,200 levels. The pair even rallied above the $72,200 level. A high was formed at $72,728, and the price started a downside correction. There was a move below the 23.6% Fib retracement level of the upward move from the $67,735 swing low to the $72,728 high. However, the bulls were active above $70,000. Bitcoin is now trading above $70,500 and the 100 hourly simple moving average . If the price remains stable above $70,000, it could attempt a fresh increase. Immediate resistance is near the $71,650 level. There is also a new bullish flag pattern forming with resistance at $71,650 on the hourly chart of the BTC/USD pair. The first key resistance is near the $72,000 level. A close above the $72,000 resistance might send the price further higher. In the stated case, the price could rise and test the $72,800 resistance. Any more gains might send the price toward the $73,500 level. The next barrier for the bulls could be $74,000. More Losses In BTC? If Bitcoin fails to rise above the $71,650 resistance zone, it could start another decline. Immediate support is near the $70,300 level or the 50% Fib retracement level of the upward move from the $67,735 swing low to the $72,728 high. The first major support is near the $70,000 level. The next support is now near the $69,650 zone. Any more losses might send the price toward the $69,000 support in the near term. The main support now sits at $68,800, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now near the 50 level. Major Support Levels – $70,300, followed by $70,000. Major Resistance Levels – $71,650 and $72,800.

9 Apr 2026, 02:35

PBOC USD/CNY Reference Rate Adjustment: A Strategic Move to 6.8649 Sparks Market Analysis

BitcoinWorld PBOC USD/CNY Reference Rate Adjustment: A Strategic Move to 6.8649 Sparks Market Analysis In a closely monitored move, the People’s Bank of China (PBOC) set the USD/CNY central parity rate at 6.8649 on Wednesday, a subtle but analytically significant adjustment from the previous day’s fixing of 6.8680. This decision, emanating from Beijing, immediately rippled through Asian and global foreign exchange markets, prompting analysis among traders and economists regarding China’s monetary policy stance and its implications for international trade flows. Decoding the PBOC USD/CNY Reference Rate Mechanism The daily USD/CNY reference rate, or central parity rate, serves as a cornerstone of China’s managed floating exchange rate system. Consequently, the PBOC establishes this benchmark each trading day before the market opens. Moreover, the calculation incorporates a complex formula. This formula considers the previous day’s closing spot rate, movements in a basket of major currencies, and necessary adjustment factors for market supply and demand. Today’s setting of 6.8649 represents a strengthening of the Chinese yuan by 31 basis points against the US dollar. This move often signals the central bank’s intent to manage currency volatility. Furthermore, analysts scrutinize such adjustments for clues about broader economic priorities, including export competitiveness and capital flow management. Contextualizing the 6.8649 Fixing in Global Forex Trends The adjustment occurs against a dynamic global macroeconomic backdrop. Recently, the US dollar has exhibited fluctuating strength based on Federal Reserve policy expectations. Simultaneously, China continues to navigate its post-pandemic economic recovery. Therefore, the PBOC’s rate setting acts as a critical tool for maintaining stability. Historically, the USD/CNY pair has traded within a managed band, typically allowed to fluctuate 2% above or below the daily reference rate. The following table illustrates recent fixings, providing context for today’s move: Date USD/CNY Reference Rate Change (pips) Previous Session 6.8680 – Current Session 6.8649 +31 (Yuan Strengthens) Week Ago 6.8721 +72 This data reveals a recent trend of controlled yuan firming. Such a trend can influence several key areas: Import Costs: A stronger yuan reduces the cost of dollar-denominated imports like commodities. Export Pressures: It can marginally decrease the price competitiveness of Chinese goods abroad. Capital Flows: It may affect the attractiveness of Chinese assets for foreign investors. Expert Analysis on Monetary Policy Signals Market observers interpret the day’s fixing as a balanced signal. Firstly, the move is not large enough to suggest aggressive intervention. However, it clearly demonstrates the PBOC’s active presence in the market. According to common analysis, the central bank likely aims to counteract excessive one-way bets on the currency while adhering to its stated policy of allowing market forces to play a greater role. Furthermore, this action aligns with China’s long-term financial strategy. This strategy includes promoting the international use of the yuan and gradually opening its capital account. A stable and predictable exchange rate forms a foundational element for these ambitious goals. Therefore, each daily fixing contributes to a broader narrative of controlled financial liberalization. Immediate Market Reaction and Trader Sentiment Following the announcement, the onshore yuan (CNY) opened near the reference rate and began trading within the permitted band. Meanwhile, the offshore yuan (CNH) also showed responsive movement. Typically, a higher fixing (a weaker yuan) would suggest a tolerance for depreciation, whereas today’s lower fixing indicates a preference for stability or slight strength. Traders immediately assessed the move against key technical levels and broader risk sentiment. The adjustment provided a reference point for the day’s trading session, potentially limiting volatility. Importantly, the PBOC has a toolkit beyond the daily fix, including state bank dollar sales and verbal guidance, to enforce its desired trading range if necessary. Broader Economic Implications and Global Trade The USD/CNY rate directly affects the cost structure of the world’s largest trading nation. A stronger yuan, as subtly indicated today, has multifaceted effects. For global businesses, it alters the pricing of goods within complex supply chains. For China’s trading partners, it can affect trade balances and competitive dynamics in third markets. Additionally, the rate influences global inflation calculations. Many countries import intermediate goods from China. Consequently, a stronger yuan could translate into slightly higher import prices for them, all else being equal. This interconnectedness underscores why the PBOC’s 9:15 AM Beijing time announcement is a daily must-watch event for global finance. Conclusion The PBOC’s setting of the USD/CNY reference rate at 6.8649, a modest strengthening from 6.8680, represents a calculated step in China’s ongoing management of its currency. This decision reflects a careful balancing act between supporting domestic economic objectives and maintaining stability for global partners. As markets digest this move, the focus will shift to subsequent fixings and complementary policy signals to gauge the PBOC’s medium-term trajectory. Ultimately, the daily USD/CNY reference rate remains a vital pulse point for the health of global trade and finance. FAQs Q1: What is the PBOC USD/CNY reference rate? The USD/CNY reference rate, or central parity rate, is the daily midpoint for the yuan’s trading band against the US dollar, set each morning by the People’s Bank of China. It serves as the benchmark for the day’s onshore trading. Q2: Why did the PBOC set the rate at 6.8649 instead of 6.8680? The PBOC uses a formula considering the previous close, currency basket movements, and market factors. The shift to 6.8649, a stronger yuan fixing, likely aims to guide the currency toward stability and reflect underlying supply and demand conditions. Q3: How does this reference rate affect international businesses? The rate directly impacts the cost of goods traded between China and the US. A stronger yuan (lower rate like 6.8649) makes Chinese exports slightly more expensive for dollar buyers and US imports cheaper for Chinese buyers, affecting profit margins and pricing strategies. Q4: Can the yuan trade freely beyond this reference rate? No, the onshore yuan (CNY) is allowed to trade only within a 2% band above or below the daily reference rate. This band is strictly enforced by the PBOC, making it a managed float system. Q5: What is the difference between the USD/CNY and USD/CNH rates? USD/CNY is the onshore rate, traded within mainland China and subject to the PBOC’s daily fixing and band. USD/CNH is the offshore rate, traded primarily in Hong Kong and other international centers, and is generally more influenced by global market forces, though it remains correlated with the onshore rate. This post PBOC USD/CNY Reference Rate Adjustment: A Strategic Move to 6.8649 Sparks Market Analysis first appeared on BitcoinWorld .

9 Apr 2026, 02:30

Monad eyes all-time high: Accumulation surges as MON bulls test key resistance

MON’s rally has raised expectations about whether the asset can reclaim its previous all-time high.

9 Apr 2026, 02:24

Sui price outlook turns bearish as sentiment dips to extreme fear

Sui has experienced losses recently, with sentiment indicators showing heightened caution among investors. Technical analysis points to a bearish trend, with multiple moving averages and oscillators supporting this view. Continue Reading: Sui price outlook turns bearish as sentiment dips to extreme fear The post Sui price outlook turns bearish as sentiment dips to extreme fear appeared first on COINTURK NEWS .