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🧙♂️ A liquidation of 3.59 billion dollars occurred on cryptocurrency exchanges in the last 7 days.
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🧙♂️ Donald Trump appointed Bo Hines as the executive director of the Cryptocurrency Council.
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Ripple (XRP) critical threshold: Whales are selling, indicators are warning! Although there has been an expectation of a correction in the XRP price since its explosive rise in November, this has not yet occurred. However, according to onchain data, $XRP may be overvalued compared to current market conditions. About a month ago, the XRP price exceeded $ 1 after a long break. While some analyzes predict that the #XRP price could reach $ 5, onchain data shows that this target may be reached. One of the indicators that coincides with this thesis is the Network Value and Transaction Rate (NVT) ratio. The NVT ratio measures the ratio of an asset's market value to transaction growth. When the ratio decreases, it means that transactions on the network are growing faster than its market value. This usually indicates that the asset's price is undervalued and has potential to rise. However, an increase in the NVT ratio indicates that the market value is growing faster and the asset is entering overvalued territory. According to Santiment data, XRP’s NVT ratio is currently at 477, indicating a high value. Another similar indicator is the discrepancy between price and daily active addresses (DAA). The price-DAA discrepancy compares the level of user interaction with the price increase. When the indicator increases, it indicates that user interactions are supporting the price movement, which is a positive sign. However, the DAA discrepancy is currently down by minus 326.1 3 percent, indicating that the number of wallets interacting with XRP is decreasing. As long as this data continues, the XRP price could fall below $2.
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Time is running out for Ethereum (ETH): Will the decline continue? #Ethereum ($ETH ), which has fallen below $ 3,500, has confused people with an increase in whale activity. Ethereum's 10 percent rise has carried the price to $ 3,422. Onchain data points to increasing institutional interest as an important factor affecting the course of Ethereum. According to IntoTheBlock data, $ETH whale activity is increasing. This development may be a positive signal for the altcoin market. A decrease in this metric indicates decreasing interest. As of the writing of the news, the total value of whale transactions is approximately $ 11 billion. Historically, when this metric increases with the price, a bull run begins. Ethereum's price increase is also supported by the Weighted Sentiment indicator. This indicator measures the general market sentiment of a cryptocurrency. Positive levels reflect an upward trend, while negative levels reflect a downward trend. Sentiment data shows that Ethereum's Weighted value is approaching the positive zone. If it remains within this zone, ETH is expected to continue to rise in value. The 3-day ETH chart shows that the Accumulation/Distribution (A/D) line continues to rise. A rising A/D line indicates that investors are eager to buy. On the other hand, a decrease in this indicator indicates that investors are starting to experience selling pressure. The rising A/D line for Ethereum indicates that its price could break the $3,982 resistance. If this scenario occurs, Ethereum could reach $4,110. However, unless #Ethereum can break above this resistance, the price could pull back to $3,178.
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Bitcoin is falling again: Selling pressure is increasing for these 5 altcoins! #Bitcoin , which fell back to $96,000 in the morning hours, has started to create selling pressure in the altcoin market. BTC, which has been pricing downwards for the last week, has triggered heavy sales in altcoins. The leader of cryptocurrencies that have lost value while dominance has especially upset altcoin investors. 1- Pudgy Penguins (PENGU) #Pengu , the token of the Pudgy Penguins NFT collection, has fallen 16 percent in the last 24 hours. PENGU, which has been subject to selling pressure since it was listed on popular exchanges, took first place on the list. 2- Aptos (APT) $APT , one of the potential names of Layer-1 projects, started to decline with the resignation of its CEO a few days ago. The popular altcoin, which fell 14 percent in the last 24 hours, fell below $10. A new wave of sales may come if the price remains below $10. 3- Dogwifhat (WIF) $WIF , one of the leading memecoins of the Solana ecosystem, lost 11 percent in value in the last 24 hours with the decline in BTC. #WIF , which fell below $ 2, may continue its downward trend as long as it cannot gain this level. 4- Curve DAO (CRV) #CRV , which is seen as one of the star candidates of the upcoming bull season, fell 10 percent in the last 24 hours. It is eagerly awaited how CRV, which has lost the $ 0.80 support level, will perform in the coming days. 5- Ethena (ENA) $ENA , one of the notable altcoins of recent days, fell 9 percent in a short time. #ENA , which changed hands in the $ 1 band as of the writing of the news, will give bullish signals again with the recovery of ETH.
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Hot Development: $40 Billion Cryptocurrency Good News, Binance Founder CZ Announced Cryptocurrency investors need exciting announcements these days, and this one will be a big deal if confirmed. Although the US plans to create its own reserve for #Bitcoin $95,888.1, Powell did not approve. While we were focused on Trump’s expected “I will make it happen” statement on this issue, the big news came from Binance Founder CZ. Binance founder Zhao Changpeng tweeted that the United Arab Emirates (UAE) has $40 billion worth of Bitcoin. Binance is currently headquartered in Dubai, UAE. However, the source of the information is some unknown websites and there is no official confirmation yet. This information that CZ shared seriously made everyone think that he shared the information by confirming it from a source. Considering that Binance exchange is headquartered in the UAE and the exchange has developed close relations with someone related to the government, CZ could not have shared just idle gossip. We know that Lark Davis and other sources shared the same information. Davis, who announced this two days ago, wrote the following; “Rumors have it that the UAE bought 300,000 Bitcoins. If this turns out to be true, no one is bullish enough.” So why did CZ share this development, which Davis and other sources have been talking about for hours, with such a delay? This detail also suggests that the information may have been confirmed. We will probably see a statement from the UAE in the coming hours. If a statement confirming #CZ comes, the BTC price is likely to rise rapidly. If the $40 billion purchase news is true, it means that a single country holds more BTC than the reserves of all private companies. On a country basis, the US has $20.1 billion and China has $18.8 billion worth of $BTC . #MicroStrategy , on the other hand, holds over $42 billion in assets.
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