Cardano price rose for the second consecutive day on Thursday, July 3, as most cryptocurrencies rebounded. Cardano (ADA) jumped to a high of $0.60, gaining over 17% from its June lows and reaching its highest level since June 18. The…

Red alert: Rising Cardano price has formed a risky pattern

New York Attorney General Letitia James is warning that dangerously flawed 
stablecoin bills could expose U.S. financial markets to chaos by lacking 
critical guardrails and enforcement. Weak Stablecoin Bills Risk Undermining US 
Financial Stability, James Warns New York Attorney General Letitia James has 
raised concerns that proposed federal legislation on stablecoins lacks the 
safeguards needed […]

NYAG Letitia James Urges Fed Oversight, FDIC Protections in Stablecoin Legislation

Bitcoin miners strategically curtailed operations in June to avoid costly peak 
demand charges in Texas, sacrificing short-term production for lower costs.

Bitcoin miner production falls in June on power curtailment, weather

Ethereum price started a fresh increase above the $2,450 zone. ETH is now back 
above $2,550 and might soon aim for more gains. Ethereum started a fresh 
increase above the $2,550 level. The price is trading above $2,575 and the 
100-hourly Simple Moving Average. There is a short-term rising channel forming 
with support at $2,570 on the hourly chart of ETH/USD (data feed via Kraken). 
The pair could start a fresh increase if it remains supported above the $2,520 
zone in the near term. Ethereum Price Eyes More Gains Ethereum price started a 
fresh increase above the $2,450 zone, like Bitcoin. ETH price gained pace for 
a move above the $2,550 resistance zone and entered a positive zone. The bulls 
were able to push the price above the $2,620 resistance. However, there was no 
upside extension. A high was formed near $2,636 and the price corrected some 
gains. There was a move toward the 23.6% Fib retracement level of the upward 
move from the $2,373 swing low to the $2,636 high. Ethereum price is now 
trading above $2,560 and the 100-hourly Simple Moving Average. Besides, there 
is a short-term rising channel forming with support at $2,570 on the hourly 
chart of ETH/USD. On the upside, the price could face resistance near the 
$2,625 level. The next key resistance is near the $2,640 level. The first 
major resistance is near the $2,650 level. A clear move above the $2,650 
resistance might send the price toward the $2,720 resistance. An upside break 
above the $2,720 resistance might call for more gains in the coming sessions. 
In the stated case, Ether could rise toward the $2,750 resistance zone or even 
$2,800 in the near term. Another Decline In ETH? If Ethereum fails to clear 
the $2,620 resistance, it could start a fresh decline. Initial support on the 
downside is near the $2,570 level. The first major support sits near the 
$2,520 zone. A clear move below the $2,520 support might push the price toward 
the $2,500 support. Any more losses might send the price toward the $2,420 
support level in the near term. The next key support sits at $2,350. Technical 
Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the 
bullish zone. Hourly RSI &#8211; The RSI for ETH/USD is now above the 50 zone. Major 
Support Level – $2,520 Major Resistance Level – $2,620

Ethereum Price Gathers Strength — Bulls Prepare for Upside Extension

Dogecoin has observed a rebound from the support line of a Parallel Channel. 
Here&#8217;s where the next target could lie, according to an analyst. Dogecoin 
Found Support At Lower Level Of This Channel In a new post on X, analyst Ali 
Martinez has talked about how the daily Dogecoin price is currently looking 
from the perspective of a technical analysis (TA) pattern. The pattern in 
question is a Parallel Channel, which forms whenever an asset&#8217;s price 
witnesses consolidation between two parallel trendlines. The upper line of the 
channel tracks successive highs, and the lower one lows. Related Reading: This 
Altcoin Looks Like PEPE Before It Exploded, Analyst Says The cryptocurrency 
breaking out of either of these levels implies a continuation of the trend in 
that direction. A surge above the channel is a bullish signal, while a fall 
under it is a bearish one. There are three different types of Parallel 
Channels. The Ascending variation occurs when the trendlines are sloped 
upwards. That is, it represents a phase of consolidation to the upside. 
Similarly, the Descending type involves the asset going down with time. In the 
context of the current topic, the third and most common variant is of 
interest. This type signifies a phase of true sideways movement, with the 
channel being parallel to the time-axis. Now, here is the chart shared by 
Martinez that shows the Parallel Channel that the 1-day price of Dogecoin has 
been moving inside for the last few months: As displayed in the above graph, 
the Dogecoin daily price recently saw a brief retest of the lower level of the 
Parallel Channel. This line of the pattern is generally considered a level of 
support, and indeed, it played this role during the recent retest as well by 
helping the memecoin to turn around. DOGE has since been on the way up. 
According to the analyst, the cryptocurrency is now targeting the $0.19 level, 
situated at the midway point of the Parallel Channel. In the event that 
Dogecoin can clear this level, it&#8217;s possible that the coin may set its sights 
on the $0.26 mark next. This price corresponds to the upper level of the 
pattern, which provided resistance to the memecoin on a couple of occasions in 
May. Related Reading: Bitcoin Short-Term Upper Bound Is $117,000, Glassnode 
Says From the current exchange rate, a surge to this line would imply an 
increase of more than 50%. It now remains to be seen how the asset&#8217;s 
trajectory would look in the near future and whether the lines of the Parallel 
Channel would play any part. DOGE Price At the time of writing, Dogecoin is 
floating around $0.172, up over 7% in the last week. Featured image from 
Dall-E, charts from TradingView.com

Dogecoin Bounces Back With 8% Gain—Is $0.26 In Sight?

Ripple USD gains major momentum as Amina Bank becomes the first global bank to 
support RLUSD, signaling a breakthrough moment for regulated digital asset 
adoption worldwide. Amina Debuts First Bank Support for Ripple’s RLUSD A 
regulated gateway to stablecoin exposure is rapidly evolving as institutions 
seek compliant digital assets to bridge traditional finance and crypto […]