#HalvingHorizons May to June #halvinngbitcoin | JayFort on Binance Square

Trending Articles

Bookmarked and Liked

--

#HalvingHorizons May to June #halvinngbitcoin 

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

66

0

Replies 0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

@Square-Creator-829969072

Explore More From Creator

Why is the Ripple (XRP) Price Down Today? XRP has managed to become the 4th largest cryptocurrency by means of total market capitalization, surpassing the likes of SOL and BNB. At one point, it even managed tooutpaceUSDT and claim the third spot. It’s up by more than 45% in the past seven days, clearly being the best-performing altcoin from the top 10. However, over the past few days, things have changed a bit, and XRP is now in a state of correction, down 5.3% in the past day alone. As you can see in the chart above, XRP topped at around $2.9 the other day, and it has been declining since then, losing about 20% in the process. Interestingly enough, this happened when Donald TrumpselectedPaul Atkins as the new chairman of the United States Securities and Exchange Commission. In Trump’s own words: “Paul is a proven leader for common sense regulations. He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World. […] He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before.” So, if the next SEC Chair is relatively pro-crypto, why is the XRP price going down? Well, it’s important to look at things from perspective and understand that the cryptocurrency increased by almost 400% in less than 30 days at one point (before the recent correction). Nothing ever goes up in a straight line, and corrections are due. Another reason besides the market getting overheated could be the precise fact that Trump announced his candidate for the SEC Chairman. Many traders may have bought up the cryptocurrency in anticipation of his choice, essentially turning the event into a“sell-the-news.” On top of everything else, there’s also the fact that the entire market is seemingly going through a correction over the past 24 hours. Bitcoin, for once, dropped to as low as $92,000 in a flash crash before recovering to where it’s currently trading.

--

When Bitcoins first hit 100K...Hmmm. Always apply caution when trading.

--

Why is XRP price down today? XRP XRPUSD is down 5% in the last 24 hours to trade at $2.61 on Dec. 4. The decline is part of a broader correction that started on Dec. 3 after news of South Korea declaring martial law sparked panic selling among investors. Let’s look closer at the factors driving XRP price down today. XRP slides on South Korea’s political turmoil XRP price is up more than 400% month-to-date, but this rally was temporarily halted following a political crisis in South Korea. The price of the remittance token dropped by 8% on Dec. 3 following news of South Korean President Yoon declaring martial law. The news triggered panic selling among investors across the board, with crypto prices on South Korea-based cryptocurrency exchanges trading significantly lower than elsewhere. For example, the XRP/KRW trading pair saw one of the biggest flash crashes due to the country’s high concentration of XRP holders and crypto users in general. Notably, the XRP price on Upbit, the largest cryptocurrency exchange in South Korea by trading volume, flash-crashed more than 50% to $1.30. Upbit holds the largest XRP reserve among centralized exchanges. Profitaking has also been rampant, with XRP investors realizing over $4 billion in profits over the last three days, according to data from Santiment. This is the highest profit-taking on record since April 2021. Increased profit-taking is evidenced by the high number of XRP tokens flowing into exchanges over the last few days, according to data from CryptoQuant. The number of XRP being moved into exchanges has increased from 46 million to 654 million over the last seven days. The movement of an asset to exchanges usually signals an intention to sell among investors as they realize profits. Buyer exhaustion stalls XRP price rally

--

Ripple (XRP) Breaks Into Top 3 Cryptos After Overtaking Tether (USDT) and Solana (SOL). XRP has climbed to the third spot among cryptocurrencies by market cap, overtaking the world’s largest stablecoin Tether (USDT) as well as the “Ethereum Killer” Solana (SOL). Data from CoinMarketCap reveals that XRP’s capitalization has surged past $1350 billion, leaving only Bitcoin (BTC) and Ethereum (ETH) ahead in the rankings. Over the past seven days, XRP has increased by almost 70%, pushing its price near $2.5, a level not seen almost seven years ago.What’s Powering XRP’s Rally? The XRP rally can be traced to a series of political and regulatory developments alongside renewed market speculation. Donald Trump’s election as the 47th President of the United States has reignited enthusiasm across the cryptocurrency market, with Bitcoin approaching the $100,000 mark and Ethereum posting notable gains. XRP, initially showing moderate activity in November, has gained momentum following reports that Ripple’s RLUSD stablecoin is ontrackfor approval by the New York Department of Financial Services (NYDFS) and may launch as early as December 4. Furthermore, there’s also growing speculation about a potentialendto Ripple’s legal battle with the Securities and Exchange Commission (SEC), which is fueling bullish sentiment. Investor confidence has been further strengthened by SEC Chair Gary Gensler’s resignation and the expectation that a Trump-led administration will adopt a more favorable stance toward the industry. Other developments include firms like Bitwise and Canary Capital, which are actively pursuing the SEC’s approval to introduce ETFs focused on XRP.Drawdown Ahead? According to CryptoQuant analyst Maarten Regterschot, XRP is currently experiencing a leverage-driven price surge, with Open Interest (OI) climbing by 37%. This uptick in leverage suggests that traders are aggressively positioning for price movements, which could amplify volatility in the short term.

--

Calm Before the Storm: Is Bitcoin About to Explode Above $100K? Bitcoin’s price has yet to hit the $100K milestone, but considering the market’s current state, it seems only a matter of time.Bitcoin Price Analysis By Edris Derakhshi (TradingRage)The Daily Chart The daily chart demonstrates a clear picture of the last 9 months of Bitcoin’s price action, where the market has been consolidating until the beginning of this November. Yet, following the price’s stabilization above the 200-day moving average, which is currently located around the $68K mark, the market began to rally aggressively and create new all-time highs daily. Meanwhile, the price experienced a pullback a few days ago, just before reaching the $100K mark. However, the $90K support level has pushed the price back higher, and Bitcoin could finally reach the $100K level in the next few days.The 4-Hour Chart The 4-hour chart offers a clearer picture of the recent price action. The price has been gradually correcting since a rejection from the $99K level, but a V-shaped recovery at the $90K support zone has seemingly ended this correction. As a result, the market is now climbing toward the $100K level again, and it could only be a matter of time before a 6-figure BTC price is witnessed.On-Chain Analysis By Edris Derakhshi (TradingRage)Active Addresses (100-day Moving Average) Bitcoin’s network is built on the activity of peers, which is observable because the blockchain system is transparent. Higher network activity can lead to higher BTC prices, as it has before. This chart presents the Bitcoin active addresses metric, which counts the number of addresses sending and receiving BTC. The number of active addresses has been rising recently as the price is making new record highs. Yet, it is still much lower than what it was earlier in 2024, when BTC was trading around $40K. Therefore, even higher Bitcoin prices could be expected in the coming months if network activity continues to rise.

--

Latest News

BNB Drops Below 730 USDT with a Narrowed 2.31% Increase in 24 Hours

--

SWARMS Market Cap Surpasses $600 Million, Hits Record High with 74.1% 24-Hour Surge

--

SWARMS市值突破6亿美元创历史新高，24小时涨幅74.1%

--

Malicious Websites and IPs Linked to Cyber Attacks Identified

--

DWF Labs Develops AI Agent for Public Use

--

Trending Articles

XRP: Get Ready for a Bullish Surge!

7 Lessons Learned from 10 Years of Cryptocurrency Trading

Can Shiba Inu Reach $1 in 2025? The Answer Will Make Your He

Polkadot (DOT): Possible Zone of Rejections / Plan A & Plan B🔥💥

Hey everyone! 🥰🥰🥰 I hope you’re all doing well today! 🌟

simple simon the profiler

Cookie Preferences

Cookie Preferences