Bitcoin (BTC) Bottom Isn’t Confirmed Until This Key Level Breaks
• Bitcoin's price has increased nearly 20% this month, but it must reclaim and hold above $88,880 to confirm a sustainable market bottom.
• Significant overhead resistance exists at various levels, with the largest zone at $111,850, which may trigger selling from underwater holders.
• Market sentiment remains cautious, as derivatives data shows declining open interest and negative funding rates, indicating bearish positioning persists despite some easing.
https://cryptopotato.com/bitcoin-btc-bottom-isnt-confirmed-until-this-key-level-breaks/
• Bitcoin's price has increased nearly 20% this month, but it must reclaim and hold above $88,880 to confirm a sustainable market bottom.
• Significant overhead resistance exists at various levels, with the largest zone at $111,850, which may trigger selling from underwater holders.
• Market sentiment remains cautious, as derivatives data shows declining open interest and negative funding rates, indicating bearish positioning persists despite some easing.
https://cryptopotato.com/bitcoin-btc-bottom-isnt-confirmed-until-this-key-level-breaks/
CryptoPotato
Bitcoin (BTC) Bottom Isn't Confirmed Until This Key Level Breaks
Bitcoin remains below major realized price levels, where underwater holders may sell aggressively once it recovers closer to break-even.
Ethereum Price Analysis: Failure at $2.4K Spells More Trouble Ahead for ETH
• Ethereum is experiencing a bearish divergence on the daily chart, indicating weakening bullish momentum and potential for a downward move towards lower support zones.
• The asset faces significant resistance near the $2.4K region, with repeated failures to break out suggesting continued seller presence and vulnerability to a decline towards the $2.2K support zone.
• Rising exchange reserves indicate increasing sell-side pressure, which could exacerbate the bearish outlook unless buyers can reclaim the $2.4K level with stronger momentum.
https://cryptopotato.com/ethereum-price-analysis-failure-at-2-4k-spells-more-trouble-ahead-for-eth/
• Ethereum is experiencing a bearish divergence on the daily chart, indicating weakening bullish momentum and potential for a downward move towards lower support zones.
• The asset faces significant resistance near the $2.4K region, with repeated failures to break out suggesting continued seller presence and vulnerability to a decline towards the $2.2K support zone.
• Rising exchange reserves indicate increasing sell-side pressure, which could exacerbate the bearish outlook unless buyers can reclaim the $2.4K level with stronger momentum.
https://cryptopotato.com/ethereum-price-analysis-failure-at-2-4k-spells-more-trouble-ahead-for-eth/
CryptoPotato
Ethereum Price Analysis: Failure at $2.4K Spells More Trouble Ahead for ETH
Ethereum continues to trade within a broader consolidation structure as the market struggles to establish sustained bullish momentum. Nevertheless,
Key Shiba Inu Metric Hits a New ATH, Yet SHIB’s Price Remains in Red Territory: Details
• Shiba Inu's ecosystem updates include a surge in SHIB holders to over 1.58 million and a significant increase in burn rate, indicating rising interest in the project.
• Despite positive metrics, SHIB's price continues to decline, trading at $0.00000637, marking a 50% drop over the past year and falling to the third-largest meme coin.
• The Shibarium protocol shows reduced daily transactions, and increased exchange reserves suggest ongoing selling pressure, hindering potential price recovery.
https://cryptopotato.com/key-shiba-inu-metric-hits-a-new-ath-yet-shibs-price-remains-in-red-territory-details/
• Shiba Inu's ecosystem updates include a surge in SHIB holders to over 1.58 million and a significant increase in burn rate, indicating rising interest in the project.
• Despite positive metrics, SHIB's price continues to decline, trading at $0.00000637, marking a 50% drop over the past year and falling to the third-largest meme coin.
• The Shibarium protocol shows reduced daily transactions, and increased exchange reserves suggest ongoing selling pressure, hindering potential price recovery.
https://cryptopotato.com/key-shiba-inu-metric-hits-a-new-ath-yet-shibs-price-remains-in-red-territory-details/
CryptoPotato
Key Shiba Inu Metric Hits a New ATH, Yet SHIB's Price Remains in Red Territory: Details
Shiba Inu's total holder base is inching toward 1.6 million.
Strategy Right to Keep Bitcoin Sale Option Open: Analyst
• Samson Mow defends the flexibility of public companies holding Bitcoin, arguing that selling BTC to protect shareholder interests is necessary and not a betrayal of principles.
• He emphasizes that the "never sell" rule applies to individual holders, not corporations, and that companies should maintain optionality to avoid being exploited by short sellers.
• The debate intensifies as Strategy faces scrutiny over its preferred stock offerings and financial losses, with critics questioning the sustainability of its model and labeling it a potential Ponzi scheme.
https://cryptopotato.com/strategy-right-to-keep-bitcoin-sale-option-open-analyst/
• Samson Mow defends the flexibility of public companies holding Bitcoin, arguing that selling BTC to protect shareholder interests is necessary and not a betrayal of principles.
• He emphasizes that the "never sell" rule applies to individual holders, not corporations, and that companies should maintain optionality to avoid being exploited by short sellers.
• The debate intensifies as Strategy faces scrutiny over its preferred stock offerings and financial losses, with critics questioning the sustainability of its model and labeling it a potential Ponzi scheme.
https://cryptopotato.com/strategy-right-to-keep-bitcoin-sale-option-open-analyst/
CryptoPotato
Strategy Right to Keep Bitcoin Sale Option Open: Analyst
A company that publicly commits to only ever accumulating BTC will give short sellers and arbitrageurs more angles to exploit.
Solana (SOL) Reaches a 3-Week High: Is $100 Just a Matter of Time?
• Solana's native token (SOL) briefly surpassed $90, marking its highest price in 20 days, with analysts divided on whether it will break above $100 or face a correction.
• Analysts highlight strong network usage and active trading as key strengths for SOL, with some predicting a potential rise to $100, while others caution about overbought conditions and increased selling pressure.
• Technical indicators, including a high Relative Strength Index and rising transfers to exchanges, suggest a possible bearish sentiment, compounded by a significant short position taken by a newly created wallet.
https://cryptopotato.com/solana-sol-reaches-a-3-week-high-is-100-just-a-matter-of-time/
• Solana's native token (SOL) briefly surpassed $90, marking its highest price in 20 days, with analysts divided on whether it will break above $100 or face a correction.
• Analysts highlight strong network usage and active trading as key strengths for SOL, with some predicting a potential rise to $100, while others caution about overbought conditions and increased selling pressure.
• Technical indicators, including a high Relative Strength Index and rising transfers to exchanges, suggest a possible bearish sentiment, compounded by a significant short position taken by a newly created wallet.
https://cryptopotato.com/solana-sol-reaches-a-3-week-high-is-100-just-a-matter-of-time/
CryptoPotato
Solana (SOL) Reaches a 3-Week High: Is $100 Just a Matter of Time?
"SOL still looks like one of the strongest coins in the market," one analyst claimed.
Ripple’s XRPL Linked to Interbank System in Major Pilot With JPMorgan, Mastercard, Ondo
• A collaboration between Ondo Finance, Mastercard, and JP Morgan successfully linked Ripple’s XRP Ledger with interbank settlement rails, enabling 24/7 cross-border transactions.
• The pilot transaction involved tokenized U.S. Treasury bills and was completed in under five seconds, showcasing a hybrid model of blockchain and traditional banking for real-time settlements.
• The growing trend of tokenization on Wall Street could open the $30 trillion U.S. Treasury market to new investors, with major financial institutions exploring tokenization of bonds and deposits.
https://cryptopotato.com/ripples-xrpl-linked-to-interbank-system-in-major-pilot-with-jpmorgan-mastercard-ondo/
• A collaboration between Ondo Finance, Mastercard, and JP Morgan successfully linked Ripple’s XRP Ledger with interbank settlement rails, enabling 24/7 cross-border transactions.
• The pilot transaction involved tokenized U.S. Treasury bills and was completed in under five seconds, showcasing a hybrid model of blockchain and traditional banking for real-time settlements.
• The growing trend of tokenization on Wall Street could open the $30 trillion U.S. Treasury market to new investors, with major financial institutions exploring tokenization of bonds and deposits.
https://cryptopotato.com/ripples-xrpl-linked-to-interbank-system-in-major-pilot-with-jpmorgan-mastercard-ondo/
CryptoPotato
Ripple’s XRPL Linked to Interbank System in Major Pilot With JPMorgan, Mastercard, Ondo
The pilot linked XRPL to global banking infrastructure, enabling institutions to execute cross-border transactions in a single, integrated flow.
Coinbase Suffers Outage Due to AWS Disruption
• Coinbase users experienced transaction issues and slower services due to an AWS outage that began on May 7.
• The platform confirmed that customer funds were safe and initiated a "Cancel Only" mode while working to restore trading.
• The outage followed Coinbase's announcement of a 14% workforce reduction, highlighting the risks of reliance on third-party cloud services.
https://cryptopotato.com/coinbase-suffers-outage-due-to-aws-disruption/
• Coinbase users experienced transaction issues and slower services due to an AWS outage that began on May 7.
• The platform confirmed that customer funds were safe and initiated a "Cancel Only" mode while working to restore trading.
• The outage followed Coinbase's announcement of a 14% workforce reduction, highlighting the risks of reliance on third-party cloud services.
https://cryptopotato.com/coinbase-suffers-outage-due-to-aws-disruption/
CryptoPotato
Coinbase Suffers Outage Due to AWS Disruption
While trading is being restored, all Coinbase markets have been placed in "Cancel Only" mode, allowing users to revoke existing trades.
Another Pi Network Sell-the-News Moment as PI Plunges Hard Again?
• The Pi Network's native token, PI, faced a significant decline of over 11% to $0.166 despite recent protocol updates and co-founders' appearances at a major cryptocurrency conference.
• The latest version updates began in February, with the most recent being v22, and the next version, v23, expected by May 15, yet these developments have not positively impacted the token's value.
• This decline follows a pattern of "sell-the-news" events, where the token surged before key announcements but subsequently dropped sharply after, similar to the aftermath of PiDay and its listing on Kraken.
https://cryptopotato.com/another-pi-network-sell-the-news-moment-as-pi-plunges-hard-again/
• The Pi Network's native token, PI, faced a significant decline of over 11% to $0.166 despite recent protocol updates and co-founders' appearances at a major cryptocurrency conference.
• The latest version updates began in February, with the most recent being v22, and the next version, v23, expected by May 15, yet these developments have not positively impacted the token's value.
• This decline follows a pattern of "sell-the-news" events, where the token surged before key announcements but subsequently dropped sharply after, similar to the aftermath of PiDay and its listing on Kraken.
https://cryptopotato.com/another-pi-network-sell-the-news-moment-as-pi-plunges-hard-again/
CryptoPotato
Another Pi Network Sell-the-News Moment as PI Plunges Hard Again?
PI is among the poorest performers today.
KelpDAO Hack Fallout Pushes Another DeFi Protocol Toward Chainlink CCIP Migration
• Solv Protocol is migrating to Chainlink's Cross-Chain Interoperability Protocol (CCIP) to enhance security for over $700 million in Bitcoin-related assets, discontinuing LayerZero support.
• The transition aims to reduce risk exposure from vulnerabilities in cross-chain bridges, which are considered high-risk in decentralized finance.
• This decision follows a significant exploit involving LayerZero that resulted in $292 million in losses, prompting other protocols like KelpDAO to also move to Chainlink CCIP for improved security.
https://cryptopotato.com/kelpdao-hack-fallout-pushes-another-defi-protocol-toward-chainlink-ccip-migration/
• Solv Protocol is migrating to Chainlink's Cross-Chain Interoperability Protocol (CCIP) to enhance security for over $700 million in Bitcoin-related assets, discontinuing LayerZero support.
• The transition aims to reduce risk exposure from vulnerabilities in cross-chain bridges, which are considered high-risk in decentralized finance.
• This decision follows a significant exploit involving LayerZero that resulted in $292 million in losses, prompting other protocols like KelpDAO to also move to Chainlink CCIP for improved security.
https://cryptopotato.com/kelpdao-hack-fallout-pushes-another-defi-protocol-toward-chainlink-ccip-migration/
CryptoPotato
KelpDAO Hack Fallout Pushes Another DeFi Protocol Toward Chainlink CCIP Migration
Chainlink CCIP just secured another major DeFi migration.
Bitcoin Price Falls Below Its Most Important Support, What Does it Mean?
• Bitcoin rallied from below $75,000 to nearly $83,000 but has since dropped below the crucial support level of $80,300, which is significant for new whale investors.
• Analysts warn that if Bitcoin remains below this level, it may trigger selling pressure from whales looking to break even, potentially driving the price lower.
• The risk appetite for Bitcoin has surged to its highest in nearly a year, with a significant increase in the Estimated Leverage Ratio, indicating traders are using more borrowed capital, which could lead to heightened market volatility.
https://cryptopotato.com/bitcoin-price-falls-below-its-most-important-support-what-does-it-mean/
• Bitcoin rallied from below $75,000 to nearly $83,000 but has since dropped below the crucial support level of $80,300, which is significant for new whale investors.
• Analysts warn that if Bitcoin remains below this level, it may trigger selling pressure from whales looking to break even, potentially driving the price lower.
• The risk appetite for Bitcoin has surged to its highest in nearly a year, with a significant increase in the Estimated Leverage Ratio, indicating traders are using more borrowed capital, which could lead to heightened market volatility.
https://cryptopotato.com/bitcoin-price-falls-below-its-most-important-support-what-does-it-mean/
CryptoPotato
Bitcoin Price Falls Below Its Most Important Support, What Does it Mean?
Here's why this analyst believes BTC could be on the verge of a more profound decline.
Recent Bitcoin Price Predictions, Shiba Inu’s Latest Achievement, and More: Bits Recap May 8
• Bitcoin experienced significant volatility, peaking at nearly $83,000 before dropping to around $79,800, with mixed predictions about its future momentum.
• Shiba Inu reached a record of 1,585,022 total holders, despite a 53% price decline over the past year, while its position as the second-largest meme coin has been overtaken by MemeCore.
• Ethereum's price fell below $2,300 after briefly surpassing $2,400, with analysts warning of potential further declines unless it reclaims the $2,350 level, while whale activity indicates reduced confidence in the asset.
https://cryptopotato.com/recent-bitcoin-price-predictions-shiba-inus-latest-achievement-and-more-bits-recap-may-8/
• Bitcoin experienced significant volatility, peaking at nearly $83,000 before dropping to around $79,800, with mixed predictions about its future momentum.
• Shiba Inu reached a record of 1,585,022 total holders, despite a 53% price decline over the past year, while its position as the second-largest meme coin has been overtaken by MemeCore.
• Ethereum's price fell below $2,300 after briefly surpassing $2,400, with analysts warning of potential further declines unless it reclaims the $2,350 level, while whale activity indicates reduced confidence in the asset.
https://cryptopotato.com/recent-bitcoin-price-predictions-shiba-inus-latest-achievement-and-more-bits-recap-may-8/
CryptoPotato
Recent Bitcoin Price Predictions, Shiba Inu's Latest Achievement, and More: Bits Recap May 8
Here's everything most interesting around BTC, SHIB, and ETH.
Crypto Price Analysis May-08: ETH, XRP, ADA, BNB, and HYPE
• Ethereum faces bearish momentum after being rejected at $2,400, with a likely pullback towards the $2,000 support level.
• Ripple struggles to maintain support at $1.4, with a potential bearish shift if it falls below this level, while remaining in a macro downtrend.
• Cardano shows positive momentum with a 5% gain and a higher high, indicating potential for a breakout if it holds above $0.25, while Binance Coin consolidates between $580 and $690.
https://cryptopotato.com/crypto-price-analysis-may-08-eth-xrp-ada-bnb-and-hype/
• Ethereum faces bearish momentum after being rejected at $2,400, with a likely pullback towards the $2,000 support level.
• Ripple struggles to maintain support at $1.4, with a potential bearish shift if it falls below this level, while remaining in a macro downtrend.
• Cardano shows positive momentum with a 5% gain and a higher high, indicating potential for a breakout if it holds above $0.25, while Binance Coin consolidates between $580 and $690.
https://cryptopotato.com/crypto-price-analysis-may-08-eth-xrp-ada-bnb-and-hype/
CryptoPotato
Crypto Price Analysis May-08: ETH, XRP, ADA, BNB, and HYPE
This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail. Ethereum (ETH) Unfortunately, Ethereum was rejected at
Ripple (XRP) Joins an Exclusive Club Next to SpaceX, OpenAI: Details Inside
• Ripple has been recognized as the sixth top entity in the Prime Unicorn Index, valued at over $26 billion, making it the only crypto company on the list.
• Despite this accolade, XRP's price has not reacted positively, currently trading at around $1.40 with a 1.5% daily decline, although indicators suggest a potential rally.
• Analyst Ali Martinez noted a new buy signal for XRP, indicating a possible rebound if it closes above $1.45, which could lead to a rise towards $1.80.
https://cryptopotato.com/ripple-xrp-joins-an-exclusive-club-next-to-spacex-openai-details-inside/
• Ripple has been recognized as the sixth top entity in the Prime Unicorn Index, valued at over $26 billion, making it the only crypto company on the list.
• Despite this accolade, XRP's price has not reacted positively, currently trading at around $1.40 with a 1.5% daily decline, although indicators suggest a potential rally.
• Analyst Ali Martinez noted a new buy signal for XRP, indicating a possible rebound if it closes above $1.45, which could lead to a rise towards $1.80.
https://cryptopotato.com/ripple-xrp-joins-an-exclusive-club-next-to-spacex-openai-details-inside/
CryptoPotato
Ripple (XRP) Joins an Exclusive Club Next to SpaceX, OpenAI: Details Inside
Ripple now appears alongside heavyweights like SpaceX, OpenAI, and Anthropic. Check out how.
Bitcoin Fights for $80K, Strategy Posts Big Q1 Loss, Coinbase Cuts Jobs: Your Weekly Crypto Recap
• Bitcoin experienced significant volatility, dipping below $75,000 before rebounding to over $82,800, marking its highest price since January, but faced a subsequent decline below $80,000.
• Zcash (ZEC) led altcoin performance with a 60% weekly increase, while other altcoins like ONDO and WLFI also saw substantial gains.
• Major developments included Morgan Stanley entering the crypto market with a new trading platform, Coinbase laying off 14% of its workforce, and Bullish announcing a $4.2 billion acquisition of Equiniti.
https://cryptopotato.com/bitcoin-fights-for-80k-strategy-posts-big-q1-loss-coinbase-cuts-jobs-your-weekly-crypto-recap/
• Bitcoin experienced significant volatility, dipping below $75,000 before rebounding to over $82,800, marking its highest price since January, but faced a subsequent decline below $80,000.
• Zcash (ZEC) led altcoin performance with a 60% weekly increase, while other altcoins like ONDO and WLFI also saw substantial gains.
• Major developments included Morgan Stanley entering the crypto market with a new trading platform, Coinbase laying off 14% of its workforce, and Bullish announcing a $4.2 billion acquisition of Equiniti.
https://cryptopotato.com/bitcoin-fights-for-80k-strategy-posts-big-q1-loss-coinbase-cuts-jobs-your-weekly-crypto-recap/
CryptoPotato
Bitcoin Fights for $80K, Strategy Posts Big Q1 Loss, Coinbase Cuts Jobs: Your Weekly Crypto Recap
One of the other major developments in the past week was the counter-lawsuit initiated by the Trump-backed WLFI against Justin Sun.
Bitcoin Price Analysis: Rejection at $83K Shows Major Weaknesses in BTC’s Structure
• Bitcoin is currently trading around $80k, maintaining above this psychological threshold while facing resistance near the $88k–$90k range and the 200-day MA at approximately $84k.
• The recent rally from $60k to $80k has been characterized by negative funding rates, indicating a short-squeeze-driven recovery rather than a leverage-fueled surge, which is seen as structurally healthier.
• A drop below the $76k support level could signal a bearish reversal, while holding above $79k-$80k may allow for a continued push towards the $82–$84k zone.
https://cryptopotato.com/bitcoin-price-analysis-rejection-at-83k-shows-major-weaknesses-in-btcs-structure/
• Bitcoin is currently trading around $80k, maintaining above this psychological threshold while facing resistance near the $88k–$90k range and the 200-day MA at approximately $84k.
• The recent rally from $60k to $80k has been characterized by negative funding rates, indicating a short-squeeze-driven recovery rather than a leverage-fueled surge, which is seen as structurally healthier.
• A drop below the $76k support level could signal a bearish reversal, while holding above $79k-$80k may allow for a continued push towards the $82–$84k zone.
https://cryptopotato.com/bitcoin-price-analysis-rejection-at-83k-shows-major-weaknesses-in-btcs-structure/
CryptoPotato
Bitcoin Price Analysis: Rejection at $83K Shows Major Weaknesses in BTC's Structure
Bitcoin is trading around $80k, holding slightly above the psychological threshold that has defined the ceiling of every recovery attempt over the past
The Hantavirus Danger: Can a Potential Outbreak Spark a New Meme Coin Frenzy?
• The hantavirus outbreak, linked to a cruise ship, has led to the emergence of meme coins, with some in the crypto community speculating it could trigger a bullish market.
• The virus has a high mortality rate of around 40% but is less contagious than COVID-19, requiring close contact for transmission.
• Historical market reactions to pandemics suggest that while initial drops may occur, cryptocurrencies like Bitcoin often recover and can experience significant bull runs afterward.
https://cryptopotato.com/the-hantavirus-danger-can-a-potential-outbreak-spark-a-new-meme-coin-frenzy/
• The hantavirus outbreak, linked to a cruise ship, has led to the emergence of meme coins, with some in the crypto community speculating it could trigger a bullish market.
• The virus has a high mortality rate of around 40% but is less contagious than COVID-19, requiring close contact for transmission.
• Historical market reactions to pandemics suggest that while initial drops may occur, cryptocurrencies like Bitcoin often recover and can experience significant bull runs afterward.
https://cryptopotato.com/the-hantavirus-danger-can-a-potential-outbreak-spark-a-new-meme-coin-frenzy/
CryptoPotato
The Hantavirus Danger: Can a Potential Outbreak Spark a New Meme Coin Frenzy?
Meme coins associated with the virus have already accumulated multimillion-dollar market caps.
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Swiss Bitcoin Reserve Dream Collapses After Signature Campaign Falls Short: Report
• A campaign to add Bitcoin to the Swiss National Bank's reserves has ended after failing to collect the required 100,000 signatures for a referendum.
• Campaign founder Yves Bennaim acknowledged the initiative faced significant challenges and will now expire, although it sparked discussions about cryptocurrency's role in finance.
• The SNB has consistently opposed holding cryptocurrencies due to their volatility and liquidity issues, while other central banks have taken varied approaches to digital asset exposure.
https://cryptopotato.com/swiss-bitcoin-reserve-dream-collapses-after-signature-campaign-falls-short-report/
• A campaign to add Bitcoin to the Swiss National Bank's reserves has ended after failing to collect the required 100,000 signatures for a referendum.
• Campaign founder Yves Bennaim acknowledged the initiative faced significant challenges and will now expire, although it sparked discussions about cryptocurrency's role in finance.
• The SNB has consistently opposed holding cryptocurrencies due to their volatility and liquidity issues, while other central banks have taken varied approaches to digital asset exposure.
https://cryptopotato.com/swiss-bitcoin-reserve-dream-collapses-after-signature-campaign-falls-short-report/
CryptoPotato
Swiss Bitcoin Reserve Dream Collapses After Signature Campaign Falls Short: Report
Switzerland's effort to make the central bank hold Bitcoin is ending early after supporters secured only half the signatures.
Ripple (XRP) Activity Crashes 85%: Here’s What the Latest On-Chain Data Reveals
• Ripple (XRP) network activity has significantly declined, with new addresses dropping from 18,000 per day in December 2024 to 2,700 currently, an 85% decrease.
• Monthly active supply also fell from 7.45 billion XRP to nearly 2 billion XRP, indicating a loss of speculative momentum.
• Despite the decline in whale inflows to exchanges, a potential short-term recovery signal has emerged, suggesting a possible rebound toward $1.45 resistance.
https://cryptopotato.com/ripple-xrp-activity-crashes-85-heres-what-the-latest-on-chain-data-reveals/
• Ripple (XRP) network activity has significantly declined, with new addresses dropping from 18,000 per day in December 2024 to 2,700 currently, an 85% decrease.
• Monthly active supply also fell from 7.45 billion XRP to nearly 2 billion XRP, indicating a loss of speculative momentum.
• Despite the decline in whale inflows to exchanges, a potential short-term recovery signal has emerged, suggesting a possible rebound toward $1.45 resistance.
https://cryptopotato.com/ripple-xrp-activity-crashes-85-heres-what-the-latest-on-chain-data-reveals/
CryptoPotato
Ripple (XRP) Activity Crashes 85%: Here's What the Latest On-Chain Data Reveals
XRP's speculative momentum appears to be fading, according to Glassnode.
Bitcoin Wallets See Largest Drop Since 2024, Hinting at Market Rebound
• Bitcoin experienced a rapid decline of approximately 245,000 wallet holders in five days, the fastest since 2024, indicating potential profit-taking by retail traders.
• Historical patterns suggest that such wallet exits may lead to consolidation among long-term holders, potentially setting the stage for a future bull run.
• Bitcoin's price is currently around $79,500, below the critical $80,300 level, which could trigger selling pressure from new holders if not reclaimed, impacting market dynamics.
https://cryptopotato.com/bitcoin-wallets-see-largest-drop-since-2024-hinting-at-market-rebound/
• Bitcoin experienced a rapid decline of approximately 245,000 wallet holders in five days, the fastest since 2024, indicating potential profit-taking by retail traders.
• Historical patterns suggest that such wallet exits may lead to consolidation among long-term holders, potentially setting the stage for a future bull run.
• Bitcoin's price is currently around $79,500, below the critical $80,300 level, which could trigger selling pressure from new holders if not reclaimed, impacting market dynamics.
https://cryptopotato.com/bitcoin-wallets-see-largest-drop-since-2024-hinting-at-market-rebound/
CryptoPotato
Bitcoin Wallets See Largest Drop Since 2024, Hinting at Market Rebound
The last comparable wallet exit rate in 2024 saw over 964,000 wallets leave across five weeks, preceding a notable bull run.
XRP Price Alert: Major Buy Signal Flashes as Analysts Expect Massive Move Ahead
• XRP faced multiple rejections at key resistance levels, with significant support established around $1.30.
• A buy signal has been identified on XRP's 4-hour chart, suggesting potential for a rebound towards resistance at $1.45 and a bullish target of $1.80.
• Analysts believe the current price drop is an "artificial decline" with no downside pressure in the futures market, indicating a likelihood of upward momentum soon.
https://cryptopotato.com/xrp-price-alert-major-buy-signal-flashes-as-analysts-expect-massive-move-ahead/
• XRP faced multiple rejections at key resistance levels, with significant support established around $1.30.
• A buy signal has been identified on XRP's 4-hour chart, suggesting potential for a rebound towards resistance at $1.45 and a bullish target of $1.80.
• Analysts believe the current price drop is an "artificial decline" with no downside pressure in the futures market, indicating a likelihood of upward momentum soon.
https://cryptopotato.com/xrp-price-alert-major-buy-signal-flashes-as-analysts-expect-massive-move-ahead/
CryptoPotato
XRP Price Alert: Major Buy Signal Flashes as Analysts Expect Massive Move Ahead
Many analysts have noted in the past few weeks that XRP is close to a break out. Yet, every attempt has been halted so far.
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Bitcoin Reclaimed $80K After Trump Announced Russia-Ukraine Ceasefire
• US President Donald Trump announced a three-day ceasefire between Russia and Ukraine, including a prisoner swap of 1,000 individuals from each country.
• Bitcoin's price reacted positively to the news, rising over $1,000 to surpass $80,000, although the increase was modest compared to past ceasefire announcements.
• The announcement has sparked hopes for further negotiations to end the ongoing conflict, which Trump described as the largest since World War II.
https://cryptopotato.com/bitcoin-reclaimed-80k-after-trump-announced-russia-ukraine-ceasefire/
• US President Donald Trump announced a three-day ceasefire between Russia and Ukraine, including a prisoner swap of 1,000 individuals from each country.
• Bitcoin's price reacted positively to the news, rising over $1,000 to surpass $80,000, although the increase was modest compared to past ceasefire announcements.
• The announcement has sparked hopes for further negotiations to end the ongoing conflict, which Trump described as the largest since World War II.
https://cryptopotato.com/bitcoin-reclaimed-80k-after-trump-announced-russia-ukraine-ceasefire/
CryptoPotato
Bitcoin Reclaimed $80K After Trump Announced Russia-Ukraine Ceasefire
The impact on crypto prices was quite minimal compared to the ceasefire between Iran and the US.