XRP Price Crashes 10%; Focus on Bitcoin-Yen's 'Descending Triangle' as Fed Rate Cut Bets Rise
6 Articles
6 Articles
XRP Price Crashes 10%; Focus on Bitcoin-Yen's 'Descending Triangle' as Fed Rate Cut Bets Rise
This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole.BTC/JPY: Focus on descending triangleBitcoin's (BTC) dollar-denominated price continues to fluctuate below $120,000, hovering around major intraday moving averages, which provides little directional clarity. Hence, we are focusing on bitFlyer's BTC/JPY pair, which displays a well-defined descending triangle at record highs, m…
Crypto Liquidations Near $1 Billion As XRP, Dogecoin Crash 10%
The cryptocurrency derivatives market has suffered heavy liquidations as altcoins like XRP (XRP) and Dogecoin (DOGE) have plummeted. Crypto Has Seen Almost $1 Billion In Liquidations During The Past Day According to data from CoinGlass, the cryptocurrency derivatives sector has been shaken up by a wave of liquidations in the last 24 hours. “Liquidation” here... The post Crypto Liquidations Near $1 Billion As XRP, Dogecoin Crash 10% appeared firs…
Bitcoin's "descending triangle" formation against the Japanese Yen (BTC/JPY) is making investors nervous despite expectations of a Fed interest rate cut. Bitcoin (BTC) is fluctuating below $120,000 against the dollar, while... Japan's Anxiety in Bitcoin...
XRP price just crashed 10%; Here’s why
XRP holders are feeling the sting after the token suffered a sharp pullback, erasing a chunk of its July gains in what appears to be a mix of technical unwinding, opportunistic profit-taking, and a sudden regulatory curveball. At the time of publication, XRP is trading at $3.11, down 10.29% in the past 24 hours. In a dramatic move, the token plunged to $2.99, briefly losing the key $3 psychological level before clawing back to reclaim it as supp…
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