Dàz Désíré
@Square-Creator-e47221579
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A chart pattern is a shape within a price chart that helps to suggest what prices might do next, based on what they have done in the past. Chart patterns are the basis of technical analysis and require a trader to know exactly what they are looking at, as well as what they are looking for.
#BitwiseBitcoinETF $BTC $XRP $BNB
A chart pattern is a shape within a price chart that helps to suggest what prices might do next, based on what they have done in the past. Chart patterns are the basis of technical analysis and require a trader to know exactly what they are looking at, as well as what they are looking for.
#BitwiseBitcoinETF $BTC $XRP $BNB
Crypto Market Growth Fuels XRP
Currently, XRP’s market cap is around $125 billion, representing nearly 2% of the total cryptocurrency market cap, which stands at $3.36 trillion.
EGRAG’s analysis, based on price actions from 2017 and 2021, notes that XRP has seen a decline in market dominance, reaching record lows. However, as XRP recovers in price and surpasses previous highs, it may regain some of its market dominance.
The sentiment surrounding XRP is optimistic, with many anticipating new all-time highs, particularly as Bitcoin also attempts to break the $100,000 mark. As of now, XRP is trading at $2.20, reflecting a 52% increase over the past month. It has a trading volume of over $5.60 billion in the past 24 hours.
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Currently, XRP’s market cap is around $125 billion, representing nearly 2% of the total cryptocurrency market cap, which stands at $3.36 trillion.
EGRAG’s analysis, based on price actions from 2017 and 2021, notes that XRP has seen a decline in market dominance, reaching record lows. However, as XRP recovers in price and surpasses previous highs, it may regain some of its market dominance.
The sentiment surrounding XRP is optimistic, with many anticipating new all-time highs, particularly as Bitcoin also attempts to break the $100,000 mark. As of now, XRP is trading at $2.20, reflecting a 52% increase over the past month. It has a trading volume of over $5.60 billion in the past 24 hours.
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Crypto Market Eyes $5T
Ripple CEO Brad Garlinghouse remained optimistic about the crypto market in 2024, predicting it would surpass $5 trillion by year-end. At the time, with the market already up 60% to $2.6 trillion, Garlinghouse attributed the growth to macro factors like the upcoming Bitcoin halving and the launch of spot Bitcoin ETFs, which were attracting institutional investors. He also highlighted the potential for positive regulatory momentum in the US as a key factor for further growth.
Egrag, a crypto trader, has shared an analysis, suggesting that $XRP could achieve 10% to 20% market dominance in the cryptocurrency industry. He believes the price could increase by over 600% to $8 if the total crypto market cap surpasses $5 trillion, as Ripple’s CEO has predicted.
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Ripple CEO Brad Garlinghouse remained optimistic about the crypto market in 2024, predicting it would surpass $5 trillion by year-end. At the time, with the market already up 60% to $2.6 trillion, Garlinghouse attributed the growth to macro factors like the upcoming Bitcoin halving and the launch of spot Bitcoin ETFs, which were attracting institutional investors. He also highlighted the potential for positive regulatory momentum in the US as a key factor for further growth.
Egrag, a crypto trader, has shared an analysis, suggesting that $XRP could achieve 10% to 20% market dominance in the cryptocurrency industry. He believes the price could increase by over 600% to $8 if the total crypto market cap surpasses $5 trillion, as Ripple’s CEO has predicted.
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Bitcoin Plunge Under $68,000 Squeezes $668 Million Crypto Longs
Data shows over $668 million in cryptocurrency long contracts have been squeezed following Bitcoin’s crash under the $68,000 level.
Bitcoin Has Registered A Drop Of 7% In The Last 24 Hours
Right after setting a fresh all-time high (ATH) not too far from the $74,000 level, the Bitcoin price has reversed its trajectory sharply during the past day.
The below chart shows how the digital asset has performed recently.
As is visible in the graph, Bitcoin quickly recovered back towards the $72,400 mar
Bitcoin Has Registered A Drop Of 7% In The Last 24 Hours
Right after setting a fresh all-time high (ATH) not too far from the $74,000 level, the Bitcoin price has reversed its trajectory sharply during the past day.
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