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Showing posts with the label Support And Resistance

BTC Retreats Under $64K on Higher Rate Expectations

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  Visit this link to make money with cryptos with our Expert trading team and get a chance to win Free bitcoin and other cryptocurrencies – https://telegram.me/btctradingclub Bitcoin saw several dips under the $64,000 mark as a Binance “plunge protection team” reemerged with bid liquidity to avoid a deeper BTC price rout. Bitcoin (BTC) fell more than 1.6% on Friday as its latest price correction accelerated after Wall Street opened. Bitcoin price downside pressure mounts on the back of multiple macro headwinds. US bond yields further a hawkish pivot in Fed interest-rate expectations. BTC price analysis sees a Binance “plunge protection team” attempting to shore up the market. Analysis warns US bond yields now “well above” target Geopolitical tensions and macroeconomic headwinds weighed on crypto markets as appetite for risk assets faded. Trading firm Mosaic Asset Company said rising US Treasury yields were a key driver of the sell-off. “Massive ...

XRP Selling Pressure Hits Multi-Year High as Losses Mount

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Visit this link to make money with bitcoin and other cryptocurrencies. Receive daily altcoin signals with the best crypto trading startegy – https://telegram.me/freecryptosignalsdaily The current reading indicates that only 33 cents in realized profit is recorded for every dollar of realized losses. On-chain analytics firm Glassnode said XRP holders continue to realize more losses than profits, as a key indicator dropped to its lowest level since August 2022. The decline points to intensifying selling pressure as more holders move coins at a loss. According to the firm’s June 25 update, the 90-day simple moving average of XRP’s Realized Profit-to-Loss Ratio fell to 0.33 from 0.38 on June 9. The metric compares realized profits with realized losses from coins moved on-chain and helps measure the market’s overall profitability. Realized Profit-to-Loss Ratio Signals Deepening Capitulation A reading above 1 indicates that realized profits exceed realized losses, while a value below 1 shows...