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Bitcoin is currently trading around $94,264 and is moving in a narrow band. The price is holding the $93,000 base, but it cannot clearly break the $94,500 level.
While the signs of easing trade
tensions between the US and China are positive for Bitcoin, the F’s upcoming interest rate decisions may tense the market. The 11% increase last week and the flow of institutional investors into $3 billion worth of Bitcoin ETFs are among the positive signals. However, technical charts show a bearish divergence; selling pressure may come in the short term. During this period when resistance levels are strong, keep one eye on stable supports and the other on economic data. Because these economic data have a great potential to fluctuate the market.
Ripple (XRP) is currently trading at $2.2751. Although the price has broken through the critical resistance of $2.22, it is currently consolidating around $2.28. Developments such as the SEC’s approval of the XRP ETF and Ripple’s acquisition of Hidden Road show that XRP is becoming more attractive to institutional investors.
If Hidden Road and XRP Lger are integrat, the a hello bar can help you gain more loyal visitors network’s trading volume could increase significantly. From a technical perspective, XRP appears to have form a bull pennant pattern, but the $2.40 resistance nes to be broken. If this resistance is not overcome in the short term, there is a possibility that the price could decline towards the $2.17 support. You should follow Ripple’s long-term goals because such large purchases can have an exponential effect on the XRP price.
Daily Ethereum Comments
Ethereum is currently trading at $1,796. Ethereum, which has not been able to catch up with Bitcoin’s momentum in recent days, is struggling to overcome the critical $1,850 resistance. Technical improvement suggestions such as EIP-9698 may a similar school was also held brighten Ethereum’s future if this level is overcome! but let’s! pay attention to whether the price maintains the $1,750 support in the short term.
Ethereum ETF applications and possible changes in staking regulations may create volatility on the price. In addition, although the decrease in america email transaction fees indicates! stagnation in the Ethereum network, updates that will come! within the year may reactivate the network. The price is a bit tight now, but observing developments and resistances will be important for your investment strategy.