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Ethereum’s trendline indicates potential for $6,000 if momentum holds. XRP’s RSI downtrend resistance hints at an imminent breakout. Technical indicators suggest bullish potential for ETH and XRP.
Among the 8 major candidates, "Crypto Mom" has no intention of seeking the SEC chair position, while "Crypto Dad" is currently in the lead.
This "free money" game ultimately benefits only a few people.
With Donald Trump securing victory in the U.S. presidential election and the prospect of a Republican-controlled House and Senate, speculation has begun on what’s next for the crypto industry ahead of his Jan. 20 inauguration.The crypto community wants to see Trump’s campaign promises — including appointing a crypto-friendly SEC Chair, commuting the sentence of Ross Ulbricht, and creating a national strategic bitcoin reserve — fulfilled.
- 13:32The price of 1 Bitcoin is almost equivalent to 1 kilogram of goldAccording to Cointelegraph, the current price of 1 Bitcoin is around $102,900, which is almost equivalent to the price of 1 kilogram of gold.
- 13:25Data: ETH, XRP, DOGE fall about 3% after Moody's downgrades US credit ratingMoody's downgraded the U.S. sovereign credit rating from Aaa to Aa1, citing widening deficits, rising interest expenses, and a lack of political will to control spending. As a result, major cryptocurrency prices fell, with Ethereum (ETH), XRP, and Dogecoin (DOGE) each dropping by about 3%.
- 13:25Important Events and Data Preview for Next Week: U.S. Initial Jobless Claims for the Week Ending May 17 to be Released on ThursdayImportant events and data forecast for next week: Monday: Speech by Federal Reserve Vice Chair Jefferson; Wednesday: Meeting hosted by Federal Reserve's Bostic, keynote speeches by Harker and Daly; Thursday: U.S. initial jobless claims for the week ending May 17; Friday: Keynote speech by New York Fed President Williams at the Monetary Policy Implementation Workshop. (Jin10)