XRP Backs On Green Track Following Significant Whale Accumulation: What's Ahead?
Table of Contents Whales Accumulate XRP During the DipWhat Lies Ahead for XRP?Broader Market Date: Tue, Dec 24, 2024, 03:57 AM GMT Today, the cryptocurrency market is showing signs of recovery after recent corrections. Bitcoin (BTC), which dropped to $92,000, has now regained some momentum, trading at $94,000. Similarly, XRP, one of the top-performing altcoin, is back on a green trajectory after a week-long dip that saw its value drop over 9%. The token found support at a key level, setting the
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XRP Price Approaches Key Level: Is a New High on the Horizon?
XRP’s price is getting close to an important level that could shape where it goes next. Top analyst CRYPTOWZRD shared his take on X (formerly Twitter) about XRP’s daily price movements, giving his thoughts on what might happen soon. Right now, XRP is moving sideways, but traders are keeping a close eye on it to make opportunities from small price moves. XRP is sitting at $2.25 right now, settling down after a big jump up earlier. The recent bullish momentum pushed the token above $1.07, identifi
Recently, Bitcoin experienced a significant drop in price.
Recently, Bitcoin experienced a significant drop in price. This decline is primarily attributed to the cautious stance of the U.S. Federal Reserve regarding future interest rate cuts. Although the Federal Reserve reduced interest rates by 0.25% for the third time, they indicated limited likelihood of further cuts in the near future. This created uncertainty among investors. Following this announcement, Bitcoin's price fell sharply, dropping below the psychological threshold of $100,000. This dro
Shiba Inu (SHIB) displays modest price movements, leaving holders awaiting significant gains. Despite recent underperformance compared to other meme coins and altcoins, technical indicators suggest a bullish trend may take shape. As of now, the asset is trading at $0.00002453, reflecting a 7% decline over the past week. According to market analyst Klejdi Cuni, SHIB is exhibiting signs of an upward breakout, backed by key technical patterns observed on its daily chart.
According to Coinglass data, the total liquidations across the crypto market in the last 24 hours reached $863 million, with long positions accounting for $753 million of the losses, while short positions led to about $110 million in liquidations, affecting nearly 300,000 traders.
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Crypto Market search in response to federal reserve Policy Shifts.
The crypto market is undergoing a period of high volatility, marked by a drop in the price of bitcoin, now valued at $100,300. This unexpected decline for many investors comes in the wake of recent announcements from the Federal Reserve. While the 25 basis point reduction in interest rates seemed aligned with expectations, the upward revision of inflation forecasts for 2025, now set at 2.5 % compared to 2.1 % previously, surprised the markets. In his address, Jerome Powell, Chairman of the Fed,
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