Encapsulated in a relentless battle for market supremacy between bullish and bearish forces over the past weekend, Bitcoin (BTC) opened the final week of January with a notable decline to $40,500. This signals a potential sideways trend in the near term and seems to be casting a shadow over altcoins as well. Ethereum (ETH) struggles to maintain its value against the flagship cryptocurrency, failing to stay above the 0.06 BTC/ETH ratio.
Amidst this, the market’s spotlight turns to hot altcoins like Ripple (XRP), which is currently trading on trend line support. With the overall crypto market cap experiencing a 4% decline in the last 24 hours to a total of $1.59 trillion, all eyes are on the upcoming U.S. trading hours to gauge the market’s direction for the week. Particularly for XRP, the situation appears precarious as it tumbled to $0.53, marking a 4% fall in the last day and a 9% decline over the week. Adding to Ripple’s (XRP) woes is BlackRock’s recent opposition to an XRP-ETF
We współpracy z: https://cryptodaily.co.uk/2024/01/ripple-xrp-faces-critical-week-following-blackrocks-bombshell-decision-and-geminis-cryptic-signals
