Some Crypto Traders Caught in FTX Collapse Are About to Get Paid Back — WSJ

The 'Future of Wallets Talk' includes key figures like the co-author of EIP-7702 and major blockchain projects. Discussions about wallet technology advancements could influence the perception and adoption of related cryptoassets. If new wallet features improve security or usability significantly, this could lead to broader adoption and drive up ACH and Arbitrum USDC prices. However, if discussions do not translate into immediate technological changes, short-term price impact might be minimal. This event could pique interest in Alchemy Pay and Arbitrum Bridged USDC as part of broader ecosystem improvements. For more information, visit the source.

KelVPN is set to list on BitMart with a KEL/USDC trading pair. Such listings often increase a cryptoasset's visibility and liquidity, which can boost its price. Increased access can attract new investors, pushing demand for KEL. If the listing on BitMart goes smoothly and garners trading interest, KEL might see a price increase. However, if the market shows little enthusiasm or if broader market conditions are unfavorable, the impact might be less significant. This event is noteworthy for potential price movement in the short term. More details are available in the source.

Swell's announcement of a 125 million SWELL fund during the X Spaces event could have a noticeable price impact. The fund aims to boost restaking innovation, potentially increasing returns for users and attracting new investors. If the fund successfully drives technical and network growth, SWELL's value may rise due to increased usage and demand for the token. The market will watch closely to see if funds lead to significant milestone achievements. An effective event could build confidence and potentially uplift SWELL’s market price. Further details are available in the source.

By George Glover

XRP was among the cryptocurrencies falling Tuesday, putting digital assets on course to extend their recent bad run.

The token, which is used to settle and facilitate transactions on Ripple Labs' digital-payments platform, slid 3.6% to $2.59 in early trading. It's down 19% over the past month.

Bar a brief bout of speculation about the potential launch of an exchange-traded fund tracking XRP, the cryptocurrency has been going through a rough patch ever since U.S. President Donald Trump returned to the White House. The new administration is yet to follow through on Trump's campaign promise to establish a Bitcoin strategic reserve, which has left crypto bulls feeling disappointed.

Other cryptocurrencies were also falling Tuesday. Bitcoin slipped 0.3%, Ethereum fell 2.9%, and Solana was down 6.9%.

Write to George Glover at george.glover@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

Finally, the Fear and Greed index for Bitcoin reached a neutral point, effectively resetting. The change in the index's behavior might improve the short-term outlook for the digital and open up a way to $100,000. The sentiment on the market is getting better, but if it falls further, it might not benefit the bullish momentum.

The stabilization close to neutral indicates that traders are hesitating and cautious about what will happen with Bitcoin next. Given that Bitcoin is still trading in a sideways consolidation range between $92,500 and $107,000, this lack of strong sentiment in either direction is consistent with recent price action. For weeks, Bitcoin has been stuck in a horizontal range without showing any discernible trend.

Fear and Greed Index">

Around $92,500, the lower support level and the upper boundary, which is close to $107,000, has served as resistance. The asset's midterm trajectory will be largely determined by a breakout in either direction. A rally toward the much-anticipated $100,000 milestone becomes feasible if Bitcoin can break above $107,000. In spite of this ambivalence, Bitcoin's future prospects are still bright. Significant breakouts frequently follow protracted consolidation phases, according to historical patterns.

A rebound in buying pressure driven by institutional interest or macroeconomic variables may push Bitcoin above its prior highs. Any bullish momentum could be delayed, though, if Bitcoin fails to hold important support levels and retests $90,000 or lower. The market may be cautious according to the Fear and Greed Index reset, but Bitcoin's technical setup is still sound.

Whether Bitcoin is prepared to push toward $100,000 or if more consolidation is required before the next significant move will be shown by a breakout from its current sideways channel. Key levels remain at around $100,000 and might be broken in a rapid fashion, so it is important to manage your local stop-losses.

The recent performance of XRP has attracted substantial attention, as its open interest has increased to $4.3 billion.

This surge has occurred in the context of a substantial price increase, with XRP reaching a one-week high of over $2.50. The resurgence indicates the potential for sustained momentum, which represents a departure from the decline observed in February.

XRP: Rebound In Open Interest

The recent increase in XRP’s open interest is indicative of the fact that a greater number of investors are making bets on the token’s ongoing expansion.

The open interest was approximately $7.86 billion as of mid-January. However, in the first week of February, it fell precipitously by half to almost $3.4 billion, data from Coinglass shows. This significant decline came after the altcoin’s price dropped to about $1.80 at the time.

On the other hand, new data shows a big recovery; as of February 16, the numbers had reached $4.30 billion.

At the time of this writing, the amount of open interest in XRP has stayed the same at around $4 billion. The increase in market participation frequently corresponds with the rise in open interest, which may induce price fluctuations.