The post Bitcoin, Ethereum and XRP Price Prediction: Bullish Crypto Week? appeared first on Coinpedia Fintech News With a mediocre performance by Bitcoin and major altcoins like Ethereum and XRP days after Bitcoin Halving, the crypto market is under stress. After experiencing a short but intense FUD sell-off wave, the top coins are close to a bullish pivot. However, as the prominent market gurus expect the rate cuts delayed to December, the uptrend could struggle to gain momentum. Nevertheless, the price action displays promising support levels known for strong bullish reversals. So, will the crypto market take a bullish turnaround as bulls desire a comeback this week? Let’s find out more in our BTC, ETH, and XRP price analysis. Will The Biggest Crypto Make a Comeback? Last week’s bearish move caused BTC’s valuation to drop by 2.85%. The correction led to a support trendline breakdown. With this, the crypto warns of a retest of the $60,000 support zone. Tradingview Despite multiple bouncebacks from the $60,000 psychological zone, the recent increase in supply warns of a breakdown. Currently, the biggest crypto sustains the flag pattern position in the 1D chart, keeping the hopes alive of HODLers. Further, the MACD lines are intertwined and falling, but the daily RSI shows a bullish divergence. This divergence increases the possibility of a double-bottom reversal. If the buyers manage another comeback, the BTC price could shoot to $68,283 or the 23.60% trend-based Fib level. Will Ethereum Reach $4,000? Despite the weakness in Bitcoin, the second biggest crypto, Ethereum, managed to regain a 3.64% valuation. The recovery marks a bull cycle within a triangle pattern in the 1D chart. Tradingview Currently, the positive cycle takes resistance from the overhead trendline and an evening star looms. As the ETH price fluctuates near the 50% Fibonacci level, the volatile move keeps the crypto balanced on the knife’s end. A breakout rally powered by the broader market recovery could spring the ETH price to the $4,093 peak. However, a downfall under the support trendline will test the 78.60% Fib level at $2,618. Will XRP Price Reversal Be Successful? With a massive consolidation range, Ripple’s native token, XRP, fails to give any meaningful bullish last week. As the altcoin drops by 2.76%, it reverts to the psychological mark of $0.50. With this drop, the sellers could soon test the $0.46 support zone. Tradingview With the correction wave, the XRP price is headed for a potential double bottom. The daily RSI line projects a bullish divergence and bolsters the upcycle chances. With a rise in demand, the crypto could hit the $0.74 ceiling, with heightened chances of a breakout. What’s Next For The Crypto Market? Following the bearish week, the chances of recovery are improving for the broader market. However, as Bitcoin and altcoins are close to crucial support levels, sideline traders can find bullish entry opportunities. Further, the breakout chances bolster the possibility of an uptrend and the crypto market recovery.
The post Bitcoin (BTC) Price Might Drop Below $50K Level: Here’s Why appeared first on Coinpedia Fintech News Cryptocurrency analyst Dylan took to the channel Crypto Banter and opened up about Bitcoin, which is trading above the $62k level, which according to him is a positive sign after a tough week. There’s also excitement about Ethereum’s strength and potential moves in its ecosystem. He reminded viewers to stay engaged because a lot is happening, including news about a Hong Kong ETF. When it comes to Bitcoin’s current situation, he pointed out key price levels to watch, like $62,400 and $61,200 for support and $65,000 for resistance. He cautioned about the possibility of Bitcoin dropping to $59,000 but also mentioned opportunities if the market turns bullish. The analyst pointed out that Bitcoin faces a significant hurdle around $66,800, marked by the 618 level, the 50-day moving average, and horizontal resistance. Breaking through this zone would be challenging and could attract bearish interest. He stressed that we’re currently on a downward trend, advising caution until we see a change. Reiterating a key area he mentioned last week, around $48k, he sees it as a strong buying opportunity if prices drop. Responding to a viewer’s comment about May’s market trends, he noted the importance of staying prepared. On the chart, he pointed out potential bounce zones near $60k and $50-$52k, warning of increased fear if prices dip to the latter range. Looking ahead, he outlined key events for the week, including consumer confidence, job data, and the Fed interest rate decision, all of which could impact the market. At the time of writing, Bitcoin is trading at $62,400, down by more than two percent in the last 24 hours.
The crypto market is balancing the threat of stagflation against a potential liquidity injection from the Treasury General Account (TGA), and the launch of Hong Kong's bitcoin ETFs.
The National Bank of Iraq (NBI) has updated its legacy systems onto the same core banking platform as other entities in the Capital Bank Group following an integration with Temenos, the SaaS cloud banking solution. Following the new Temenos implementation, NBI will operate more efficiently and integrate seamlessly with other systems to develop new products faster and deliver an improved customer experience. NBI, which has 27 branches across Iraq, offers a comprehensive range of services to individuals and businesses in the country. Since 2005, NBI has been majority-owned by Capital Bank, one of the top financial institutions operating in the Jordanian and regional markets, with assets of approximately JOD 7.6 billion. Izzidin Abusalameh, chief operations officer, Capital Bank Group Izzidin Abusalameh, chief operations officer, Capital Bank Group, commented: “This achievement marks a significant milestone in our digital transformation journey and positions us as a leading player in the banking industry. We have seamlessly transitioned the National Bank of Iraq to a cutting-edge core banking system which will not only enhance operational efficiency but also support providing our customers with a superior digital banking experience. “Our continued partnership with Temenos has not only provided us with an advanced technological platform but has also facilitated a culture of flexibility and adaptability, enabling us to execute our ambitious growth plans.” Keeping pace Capital Bank Group is a long-standing Temenos customer with other entities in the Group already on the Temenos platform including: Capital Bank of Jordan Bank Audi Société Générale Bank Jordan NBI Saudi Arabia NBI also becomes the first part of the group to adopt Temenos Payments. This enables the bank to process more than 100,000 transactions of incoming and outgoing domestic and international payments in the first 15 days of operation. This is all made possible with a 99 per cent straight-through processing rate. Integrating Temenos The migration to the Temenos platform for core banking and payments at NBI was completed in under 12 months thanks to Temenos’ pre-configured banking and payments capabilities and APIs which reduced the need for complex customisations, as well as close collaboration between Temenos, NBI, Capital Bank and delivery partner ITSS. This success was recently recognised in the IBS Intelligence Innovation Awards, with Capital Bank winning ‘Best Implementation of Core Banking Services’. The implementation at NBI follows several other successful transformation projects with Temenos for Capital Bank in the last few years, including the launch of NBI’s branch operations in Saudi Arabia in just 45 days, as well as the integration of Bank Audi and the former Jordanian operations of Société Générale, each of which was achieved in under four months. Lee Allcorn, managing director, Middle East & Africa, Temenos Collectively, these projects helped Capital Bank to increase operational efficiency by more than 50 per cent within three years, bringing significant cost savings and an improved customer experience. With faster, more accurate processing and immediate service requests, the bank has maintained high customer retention rates and a reputation for service excellence. Lee Allcorn, managing director, Middle East and Africa, Temenos said: “Congratulations to National Bank of Iraq and the Capital Bank team on this successful implementation that gives NBI business agility and the same modern technology platform and ability to deploy fast with pre-configured banking capabilities as the rest of the group. With Temenos, Capital Bank Group is future-ready, and we are proud to support them as they continue to innovate and leverage our platform to grow sustainably and enhance the banking experience for customers.” The post National Bank of Iraq Integrates Temenos Services to Improve CX and Payments Services appeared first on The Fintech Times.
British Business Investments, a wholly-owned subsidiary of the British Business Bank, announces a £15m facility to Catfoss Finance Limited.
Global Fintech firm Klarna, the AI powered global payments network and shopping assistant, announced a partnership with Uber.
The solo miner netted around $200,000 in rewards for validating block 841,286.
Powering embedded banking/BaaS, The Bank of London launches TBOL AI code assistant enabling rapid integration with banking APIs.