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Crypto JK
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✅ Ripple’s RLUSD stablecoin, pegged to $1, is seeing bids of up to 836 $XRP ($2,068) on onchain marketplaces ahead of launch. ✅Enthusiasts aim to be among the first holders, driving speculation. ✅ RLUSD launch on the XRP Ledger may cause brief price deviations due to low initial liquidity, but the peg is expected to stabilize. ✅ RLUSD debuts Tuesday with support from platforms like Uphold, MoonPay, Archax, and CoinMENA. ✅ Ripple CTO reassured that prices would return close to $1 once supply normalizes.
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Here's my quick insight of the current market. — Bitcoin's ongoing move keeps market volatility elevated. ✅ ALT/BTC pairs may experience sharp declines as liquidity shifts toward Bitcoin. ✅ ALT/USDT pairs are relatively stable, but price action remains confined within a broad range. — How should we deal with this? ✅ For spot portfolios: Stay calm and patient—it's a safe zone. ✅ For high-leverage positions (above 5x): Exercise caution. The market may see sudden wicks, so monitor your trades closely and adjust if needed.
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Total Crypto Market 24H Liquidation (12/17/2024,10:39 AM UTC+10) 🔴LONGS: $219.11M 🟢SHORTS: $151.64M A total of 117,752 traders got liquidated, resulting in total liquidations amounting to $370.74M. Notably, the largest single liquidation order, valued at $13.74M, occurred on Bitmex for #ETH/USD.
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$TURBO H4 Bearish Idea. Detected an Elliot Wave here, where a potential ABC correction could be in play, which means price could dip more. Fallen from the VAL. Could tap the huge H4 Bu-OB somewhere the 78.60% Fib level, or even 50% of the OB. MACD showing continuous bearish pressure with a recently strong sell bar, but current candle still needs to close for this confirmation.
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Weekly candle opening. I'm sniping for a good entry. Remember what I posted yesterday, this will probably be an exciting week for altcoins.
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