Iran&#8217;s legislative actions could heighten geopolitical tensions, affecting 
global trade routes and complicating international diplomatic efforts.
The post Iran asserts control over Strait of Hormuz, plans new legislation 
appeared first on Crypto Briefing.

Iran asserts control over Strait of Hormuz, plans new legislation

Rising oil prices due to geopolitical tensions could lead to increased market 
volatility and potential disruptions in global energy supply chains.
The post Oil prices surge 5% amid US-Iran tensions as ceasefire unravels 
appeared first on Crypto Briefing.

Oil prices surge 5% amid US-Iran tensions as ceasefire unravels

With this initiative, the Metropolitan Government of Tokyo seeks to establish 
a healthy market for stablecoins, which are expected to serve as a new payment 
infrastructure and promote the establishment of a digital yen-based economy. 
Key Takeaways: Tokyo launched 40M yen subsidies for stablecoins, aiming to 
build a future digital economic zone. After a 1st […]

Tokyo Offers Subsidies to Companies Promoting Digital Yen Usage

The rise of US stablecoins in emerging markets could undermine local financial 
systems, prompting regulatory responses to safeguard monetary control.
The post US stablecoins threaten emerging markets&#8217; monetary sovereignty: IMF 
official appeared first on Crypto Briefing.

US stablecoins threaten emerging markets’ monetary sovereignty: IMF official

Solana failed to settle above $90 and extended losses. SOL price is now 
consolidating losses below $85 and might struggle to start a recovery wave. 
SOL price started a fresh decline below $88 and $85 against the US Dollar. The 
price is now trading below $85 and the 100-hourly simple moving average. There 
is a bearish trend line forming with resistance at $85.50 on the hourly chart 
of the SOL/USD pair (data source from Kraken). The price could start a 
recovery wave if the bulls defend $82 or $80. Solana Price Dips Below $85 
Solana price failed to remain stable above $90 and started a fresh decline, 
like Bitcoin and Ethereum. SOL declined below the $88 and $86 levels. The 
bears even pushed the price toward $82. A low was formed at $82.92, and the 
price is now consolidating losses below the 23.6% Fib retracement level of the 
downward move from the $90.75 swing high to the $82.92 low. Solana is now 
trading below $86 and the 100-hourly simple moving average. On the upside, 
immediate resistance is near the $85 level. There is also a bearish trend line 
forming with resistance at $85.50 on the hourly chart of the SOL/USD pair. The 
next major resistance is near the $86.80 level or the 50% Fib retracement 
level of the downward move from the $90.75 swing high to the $82.92 low. The 
main resistance could be $88. A successful close above the $88 resistance zone 
could set the pace for another steady increase. The next key resistance is 
$90. Any more gains might send the price toward the $92 level. More Losses In 
SOL? If SOL fails to rise above the $86.80 resistance, it could continue to 
move down. Initial support on the downside is near the $82.80 zone. The first 
major support is near the $82 level. A break below the $82 level might send 
the price toward the $80 support zone. If there is a close below the $80 
support, the price could decline toward the $76 support in the near term. 
Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the 
bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD 
is below the 50 level. Major Support Levels – $82 and $80. Major Resistance 
Levels – $86.80 and $88.00.

Cryptocurrency price in DKK