Ripple’s XRP has experienced a significant uptrend at the beginning of the month, with its price surging from less than $0.40 to over $0.63 within a few weeks. However, the momentum seems to have slowed down in mid-July, as the price retraced below $0.55 before climbing back to around $0.60 where it has been consolidating
XRP
This past week saw the launch of several Ethereum ETFs, a significant event in the world of cryptocurrency. However, despite this milestone, Ethereum’s price took a hit, dropping by over 10%. The support level at $3,300 flipped into a resistance, signaling a bearish sentiment in the market. If buyers fail to reclaim this level soon,
The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) has been ongoing for quite some time now. With the trial phase starting in April 2024, the case has seen both parties presenting necessary information and documents, adhering to court rules, and waiting for a resolution. Despite being in its final
The recent positive inflows towards the largest spot Bitcoin ETFs in the US have not been enough to stabilize the price of the underlying asset. Despite initial gains, the price retraced significantly in the past day, dipping below $65,000 at one point. However, it has managed to bounce back and is currently hovering around $67,000.
The investment in digital asset products has been on the rise, with inflows reaching $1.35 billion last week alone. This surge has contributed to a total of $3.2 billion in inflows over the past three weeks, indicating a growing interest in the digital asset market. Shift in Investor Sentiment The latest edition of CoinShares’ Digital
Ripple’s XRP has seen a significant surge in price recently, with a 40% increase in value over the past two weeks. This sudden uptick has brought the digital asset to above $0.60, sparking optimism among investors and analysts alike. However, the road ahead remains uncertain, with some questioning the sustainability of this rally. Some analysts
Bitcoin’s price experienced a positive reaction following President Joe Biden’s announcement that he would not be running for re-election in 2024. The cryptocurrency surged to a multi-week peak of over $68,000, showcasing its volatility in response to political news. In recent weeks, Bitcoin has undergone significant price fluctuations. From $58,000 to $65,000 after an assassination
Ethereum showed a promising recovery this week, with a 12% price increase. The market rally allowed ETH to establish $3,300 as a key support level, setting a new base for further growth. The next target for buyers is $4,000, which also serves as a key resistance level. Optimism is returning to the market, with potential
XRP has been making significant strides in the cryptocurrency market recently, with a remarkable recovery that has seen gains of over 40% in the past week. This surge in price has been driven by a broader market recovery, demonstrating strong investor confidence and heightened trading activity. According to on-chain analytic platform Santiment, trader sentiment has
In recent days, Bitcoin has seen a significant price recovery, reaching a milestone of $66,000 for the first time in about a month. This comes after a period of extreme turbulence earlier in the month, which saw the price of the leading cryptocurrency drop to a three-month low of under $54,000 on July 5. However,