The past 24 hours failed to bring much in terms of positive price action, especially within the largest cryptocurrencies, by means of total market capitalization.
However, zooming out reveals that there are some tokens that performed tremendously better than the rest throughout the day, so let’s have a look.
Bitcoin Price Stuck at $29K
The primary cryptocurrency declined by 1.5% throughout the past 24 hours and is currently...
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Ripple’s partial win in the SEC vs Ripple case is followed by the firms plans to re-engage with the US market.
Monica Long announced that the cross-border remittance firm is ready to engage with countries where there is regulatory clarity.
XRP price has been in a slump since the decline that followed the SEC vs Rippl...
In mid-July, Bitcoin attempted multiple times to break the significant resistance at $30K but ultimately failed and declined toward the 100-day moving average.
Nevertheless, the price is currently trading within a critical range, and a breakout could trigger a substantial price movement.
By Shayan
The Daily Chart
On the daily chart, the 100-day moving average is acting as a support level, preventing further declines. Howev...
Bitcoin reacted well to yesterday’s drop and 6-week low by surging by $1,500 in a day to touch $30,000, where it got rejected.
Most altcoins are also slightly in the red, and the total market cap managed to erase most of yesterday’s losses.
Bitcoin’s $1.5K Journey
The primary cryptocurrency traded sideways for roughly a week and was stuck in a tight range between $29,000 and $29,000 until yesterday. That’s when the landscap...
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XRP price hovers around the $0.70 level, down 28% from its recent top of $0.965.
The fate of the remittance token has been pulled from safety after Judge Jed Rakoff rejected the distinction made in the Ripple case.
Investors can expect a 25% crash in the near term if the SEC decides to appeal Judge Torres’ decision.
...
Bitcoin’s price performance took a sharp turn for the worse in the past several hours, dropping to a 6-week low of under $28,800.
As it usually happens, the altcoins are also in the red, and the total crypto market cap has declined by over $20 billion.
BTC Under $29K
Bitcoin doesn’t tend to stay silent for long, which could have prepared the community for what happened in the past 24 hours. This is because the cryptocurrenc...
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Ethereum price is likely to rally in August due to a spike in whale wallets holding the stablecoin DAI.
Whales holding between $100,000 and $10 million worth of DAI have scooped up the highest percentage of the stablecoin’s supply since December 2020.
DAI accumulation has been typically associated with a price rally ...
Bitcoin’s price action has been relatively stagnant over the past few days. The market is still hanging around the $30K level, but this consolidation phase will not continue forever.
Technical Analysis
By: Edris
The Daily Chart:
On the daily chart, the 50-day moving average is currently holding the price around the $30K level. However, it has failed to push the market back above the $30K mark over the last few days.
There i...
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Judge Jed Rakoff rejected the distinction made in the Ripple case between public and institutional sales.
The decision, which allowed the SEC to proceed in its case against Terraform Labs and Do Kwon, gives the regulator cause for appeal in the XRP case.
Former SEC official John Read Stark says this is the first among ...
Bitcoin slipped as the weekend was coming to its end but managed to bounce off the $29,000 resistance line and has added several hundred dollars since then.
While larger-cap alts like TRX, DOGE, MATIC, and SHIB are slightly in the red today, Bitcoin Cash, Bitcoin SV, and Optimism have jumped impressively.
BTC Maintains $29K
The primary cryptocurrency had a quiet week after last Monday’s price dump by over a grand, which dro...
