XRP has a split personality this week. The token’s price is falling with the rest of the market, while the company behind it keeps signing institutional partners. Understanding the gap between the two is the key to reading XRP right now. The price action After the hot CPI report, XRP fell to $1.29, down 5.2%, with a market cap of …
Read More »
Ethereum had a tough start to October, a brief rebound this week, and now another setback. The hot CPI report pushed ETH below a level it had just reclaimed, and the funds that track it saw outflows again. From $2,500 to below it Before the inflation data, Ethereum looked constructive. Bulls were positioning for a potential rebound toward $2,600, with …
Read More »
Only days ago, Bitcoin was fighting to reclaim $84,000. After the hot CPI report, the conversation has shifted from resistance to support. The question now is how much room Bitcoin has before the next big round number, $80,000, comes into play. Where Bitcoin stands Following the inflation report, Bitcoin traded at $81,494.58, down 3.6%, with a market cap of $1.617 …
Read More »
The wait is over, and the market did not like the answer. The US inflation report for September landed above expectations, and crypto sold off almost immediately. Bitcoin, Ethereum and XRP all fell, and leveraged traders took heavy losses. What the numbers showed Annual US inflation rose from 3.4% in August to 3.7% in September. Forecasts had been slightly lower. …
Read More »
Beyond individual coins, the strongest force on the market right now has nothing to do with blockchains. It is US inflation data. Traders across Bitcoin, Ethereum, XRP and Solana are waiting for the same set of numbers. What is happening The US CPI and PPI reports are due this week, and they often move markets quickly. CPI, the Consumer Price …
Read More »
Solana presents one of the more contradictory stories in crypto today. On one side, investment funds have been pulling money out for days. On the other, the token’s price has held up better than the flows would suggest. The fund side Solana ETFs recorded their seventh straight day of outflows on October 13, though the outflows are shrinking. That streak …
Read More »
XRP rarely stays quiet for long, but this week it has been remarkably orderly. Price is climbing toward an important area where a decision is likely to be made. The setup XRP is on the verge of a key supply-range breakout, defined by its 50-day and 100-day exponential moving averages. It is also closing in on a structural supply area …
Read More »
Ethereum is the market’s second-largest asset, and this week it is fighting to defend a round-number price. At the same time, the funds that track it have had a difficult month. The combination makes ETH one of the most closely watched stories in crypto today. The $2,500 line ETH has reclaimed $2,500 as short-term support. Support is a price area …
Read More »
If you only look at price, Bitcoin seems calm. If you look at ETF flows, the story is far more dramatic. In a single week, spot Bitcoin ETFs went from heavy selling to a strong inflow day. The swing says a lot about how institutional investors are thinking right now. A quick refresher on ETF flows Spot Bitcoin ETFs let …
Read More »
Every market has price levels that become battlegrounds, and for Bitcoin this week that level is $84,000. Only a day ago, Bitcoin’s upside was described as capped beneath the $84,000 supply zone. Now the price has lifted back above $84,000, which analysts read as a solid technical structure despite continued ETF outflows. Whether this is a real breakout or a …
Read More »