Tag: Price

Will Bitcoin price break $100K as golden cross looms?

boss

Bitcoin price continued consolidating above the key $80,000 psychological support level this week as improving institutional sentiment and strengthening technical structure fueled speculation that bulls may soon attempt a breakout toward the long-awaited $100,000 mark. Summary Bitcoin price held above $80,000 as spot Bitcoin ETFs recorded $131 million in net inflows, reversing the previous day’s $635 million in outflows. BTC remained resilient amid progress on the proposed CLARITY Act and growing capital rotation from gold and silver into BTC. Bitcoin’s 50-day SMA is approaching a bullish golden cross above the…

XRP Whales Hold Most Tokens Since 2018 As Price Eyes $1.50

boss

XRP’s largest holders have pushed their combined balances to the highest level in nearly eight years, according to on-chain analytics firm Santiment, as the token tests the upper end of a recent trading range near $1.50. Santiment said wallets holding at least 10 million XRP now control 45.83 billion tokens, valued at roughly $68.5 billion based on the price level referenced in its update. The firm described the move as a whale-led push, noting that those wallets now hold 68.5% of XRP’s supply. “XRP is teasing a $1.50 market value,…

XRP Price Dominates Crypto Market As Bitcoin And Ethereum Lag Behind

boss

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Ethereum Price Trapped Below $2,320, Recovery Hopes Start Fading

Ethereum price started a recovery wave above the $2,280 zone. ETH is now consolidating and might struggle to continue higher above the $2,320 resistance. Ethereum started a recovery wave from the $2,235 zone. The price is trading below $2,300 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2,260 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,320 zone. Ethereum Price Faces Hurdles Ethereum price remained bid above the…

Bitcoin Price Spikes Higher, But Consolidation Pattern Remains Intact

Bitcoin price started a fresh increase and cleared the $80,500 zone. BTC is consolidating and might aim for more gains above the $82,000 level. Bitcoin managed to stay above $78,800 and started a fresh increase. The price is trading above $80,500 and the 100 hourly simple moving average. There was a break above a bearish trend line with resistance at $80,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays above the $80,500 and $80,000 levels. Bitcoin Price Regains…

Market Analyst Outlines How The XRP Price Will Reach $300 And What Everyone Is Missing

boss

CharuSan XRP, a market analyst, believes the XRP price could rise immediately to $300 once banks begin using it as a global settlement asset. The analyst framed this high price as a basic requirement for XRP to function as a global payment rail, not a speculative move. Furthermore, CharuSan noted that people who believe Ripple’s stablecoin RLUSD could serve as a settlement layer instead of XRP are completely missing the point, citing supply dynamics to support his claims.  XRP Price Forecasted To Jump To $300 After CLARITY Act In an…

Will it Trigger a Price Breakout to $2?

boss

XRP (XRP) has recovered from its April lows of $1.26, rising as much as 19% to a three-week high of $1.50 on Sunday. Whale activity, network growth and a strengthening technical setup suggested that the XRP/USD pair was primed for a move higher once resistance at $1.50 is broken.  Key takeaways: XRP whale addresses hit record highs of 332,230, indicating accumulation. XRP Ledger monthly transactions hit an all-time high of 71 million in April. Price must break above the $1.50 resistance to continue its upside toward $2. XRP whales show…

Is It Time To Sell? Bitcoin Price Enters Redistribution Phase That Previously Led To A 78% Crash

boss

A warning from Bitcoin’s weekly chart is showing a familiar bear market structure beginning to take shape. According to technical analysis of the weekly chart, Bitcoin has already moved through a topside distribution phase and a range phase beneath it, and the current price action is now forming a redistribution zone.  The concern is that a similar setup appeared after the 2021 peak before Bitcoin went through a much deeper decline. The last time this setup appeared, it erased nearly 80% of Bitcoin’s value in under a year. Bitcoin Chart…

BTC USD Price Falls Below $80K as Taiwan Tensions Weigh

The BTC USD price fell to $79,200, down 2.3% over 24 hours, after Chinese President Xi Jinping warned Donald Trump of potential “collision or even clashes” over Taiwan during their summit in Beijing, the first visit to China by a sitting U.S. president in nearly a decade. The move broke the $80,000 Bitcoin floor that had held for most of the past week and arrived on top of two consecutive upside inflation prints that have materially complicated the Federal Reserve’s path to rate cuts. The analytical question is no longer…

Bitcoin price slips below $80K as ETFs hit 4-month high outflows

boss

U.S.-listed spot Bitcoin ETFs recorded their largest single-day outflows in four months on Wednesday as rising inflation concerns and weakening risk appetite pressured crypto markets. Summary U.S. spot Bitcoin ETFs recorded $635.23 million in net outflows on May 13, marking the largest single-day withdrawal since January. Bitcoin fell below the $80,000 psychological support level after hotter-than-expected U.S. inflation data weakened risk appetite across crypto markets. BlackRock’s IBIT, Fidelity’s FBTC, and Ark 21Shares’ ARKB led ETF outflows as institutional demand for Bitcoin exposure cooled sharply. According to data from SoSoValue, the…