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Tag Archives: xrpbtc

Crypto Price Analysis & Overview June 4th: Bitcoin, Ethereum, Ripple, Cardano, & Solana

We saw another week of relatively choppy price action as the major cryptocurrencies failed to chart any serious gain. On the opposite – with a few exceptions, most of the coins underwater. Bitcoin Bitcoin is down by a total of 4.7% this week and is trading inside an ascending price channel as it battles to remain above the upper boundary at around $36,600. The cryptocurrency had an interesting week of trading after meeting the resistance at $40,760 (bearish .382 Fib) last...

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Crypto is Not a Substitute for Gold but Copper: Goldman Sachs Head of Commodity Research

Jeff Currie – the Global Head of Commodities Research at Goldman Sachs – shared his thoughts on Bitcoin being a gold replacement. According to him, digital assets are substitutes for copper. From Gold to Copper In a recent CNBC interview, Jeff Currie warned that cryptocurrencies are risky and people should not consider them as a gold substitute. He opined that copper is a much more similar asset to be compared to digital assets: ”Digital currencies are not substitutes for...

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Another Win for Ripple as the SEC Denied From Accessing Internal XRP Sales Documents

In yet another win for Ripple in its lawsuit against the SEC, the Judge has denied the Commission’s motion to compel the payment processor to produce internal information discussing XRP sales with its legal team. As a result, the price of the XPR token surged by double-digits in 24 hours. SEC Denied From Accessing Internal XRP Sale Docs Earlier in May, the Securities and Exchange Commission asked the Court to order Ripple to produce all relevant documents of legal, internal...

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Bitcoin Rebounds Sharply After Another Weekend Dip to $33K, Cardano Spikes 8% (Market Watch)

Following yet another day of high volatility in which the bears had initial control, bitcoin has recovered roughly $3,000 of value from the current 7-day low recorded on Saturday. The altcoins followed suit with similar dips as the market cap had lost about $200 billion at one point. Just like the weekend before, this ongoing weekend is not disappointing in terms of volatility and price fluctuations. Bitcoin Recovers From Yet Another Dip It’s safe to say that the primary...

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Privacy Coins Soar as Bitcoin Dipped Below $35K (Weekend Watch)

Bitcoin’s enhanced volatility resumed in the past 24 hours as the cryptocurrency fell to its lowest price level in five days beneath $35,000. Most alternative coins also experienced similar dips and increased BTC’s market dominance to above 43%. Bitcoin Dipped Below $35K After recovering from its most violent losses to $30,000, the primary cryptocurrency was riding high for a few consecutive days. The asset challenged $40,000 on a few occasions and even briefly jumped above...

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Crypto Price Analysis & Overview May 28th: Bitcoin, Ethereum, Ripple, Cardano, & Polygon (MATIC)

It was another tough week in the cryptocurrency market where almost everything is trading in the red. Here’s how some of the major coins performed over the past seven days: Bitcoin Bitcoin is down by a total of 10.3% over the past seven days of trading as it currently sits around $36,000. The cryptocurrency had spiked as low as $31,185 (downside 1.618 Fib Extension) on Sunday, but the buyers managed to close the daily candle at $34,760 (downside 1.414 Fib Extension). From...

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Ripple Price Analysis: XRP Battling to Remain Above $1 as Bulls Struggle with Momentum

XRP/USD – Bulls Battle To Maintain $1 Key Support Levels: $1.00, $0.9, $0.8282Key Resistance Levels: $1.05, $1.25, $1.32. XRP has rebounded by a total of 61% from Sunday’s low, around $0.62 but is struggling to break $1.05. The cryptocurrency closed Sunday’s daily candle at around $0.8 and started to shoot higher on Monday to reach $1.00. Yesterday, XRP managed to penetrate $1 but failed to overcome resistance at $1.05, provided by a bearish .382 Fib Retracement. Today, XRP...

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Crypto Market Cap Recovers $600B in Three Days as Bitcoin Tops $40,000 (Market Watch)

It has taken bitcoin five days to recover the most recent losses and jump above $40,000. Most altcoins are well in the green, too, with Ethereum reaching $2,900 and BNB nearing $400. Bitcoin Tops $40K The primary cryptocurrency experienced numerous corrections in the past few weeks. The latest started on Friday following more FUD from China. In a matter of hours, bitcoin fell from $42,000 to a daily low of $34,000. The situation worsened during the weekend, and BTC slumped to...

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CNBC Includes Ripple In Its 50 Disruptor Companies List

Ripple has been included in CNBC’s Disruptor 50 as the #38 of most successful private companies this year —primarily due to its innovative approach towards borderless payment technology and becoming one of the largest crypto companies in the world. This year’s CNBC’s Disruptor 50 is the ninth annual list of private companies thriving amidst the pandemic and making innovative approaches in their business models and the fields they’re in. Some of the listed companies include...

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Ripple Price Analysis: XRP Sees 8% Daily Bounce but is $1 in Sight?

XRP/USD – Bulls Bounce Back Above 2020 High Key Support Levels: $0.82, $0.75, $0.65Key Resistance Levels: $0.89, $1.00, $1.05. Like most cryptocurrencies, XRP had a rough week in which it dropped by a steep 41%. It reached a low of $0.62 yesterday but managed to rebound to close the daily candle at around $0.79. The bulk of the weekly price drop occurred on Wednesday when XRP fell from $170 to reach as low as $0.75 (.786 Fib). On that day, it managed to rebound to close the...

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