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The average XRP trader active over the past 30 days is currently sitting on a loss of roughly 47%, according to blockchain analytics firm Santiment. That figure comes from XRP’s 30-day Market Value to Realized Value ratio, which has now fallen to its lowest point since December 2020. Related Reading: Bitcoin Has Outpaced XRP Since 2017, According To Analyst Santiment says readings like this typically move back toward 0% over time, placing the current level in what analysts describe as an extreme undervalued zone. Similar conditions in past market cycles have appeared ahead of strong price rebounds, though the firm cautioned that a weak MVRV reading alone does not guarantee an immediate turnaround. 📉 The average XRP trader that has been active in the past 30 days is down a whopping -47% with many selling at the bottom. Historically, MVRV’s (average trading returns) will always average out to 0%, making this current time an extreme undervalued zone for $XRP. The chart shows… pic.twitter
Read full articleFor years, much of the crypto industry has revolved around one idea: predicting where the market is going next. Will Bitcoin break higher? Is Ethereum entering a new cycle? Which token will outperform next quarter? But after several market cycles,…
Sequans' exit from Bitcoin holdings refocuses its resources on IoT growth, potentially enhancing its market position and financial stability. The post IoT company Sequans to sell remaining 658 Bitcoin as it exits digital asset treasury appeared first on Crypto Briefing.
CME will move Bitcoin futures and options to 24/7 trading, ending the weekend CME gap while three older BTC gaps remain unresolved.
Bitcoin held a narrow intraday range of $72,622 to $76,047 on Thursday, as bears maintained structural control across multiple timeframes. Price action on the 1-hour, 4-hour, and daily charts all pointed to a market searching for directional conviction near multi-week lows. Bitcoin Chart Outlook The 1-hour chart showed bitcoin consolidating around $73,000 after buyers defended […]
Cardone Capital bought 130 BTC worth ~$10M during a Bitcoin price dip. The firm integrated $100M BTC into its $235M real estate portfolio. This is Cardone Capital’s fourth real estate deal involving Bitcoin. Cardone Capital, a real estate corporation led by Grant Cardone, has increased its Bitcoin investment during the current market correction. The corporation […] The post Cardone Capital Buys 130 More Bitcoin in Bold Crypto Push appeared first on Live Bitcoin News.
Sequans' Bitcoin liquidation highlights the risks of corporate crypto investments, emphasizing debt management over speculative asset holding. The post Sequans Communications sells 456 Bitcoin, plans to liquidate remaining 658 BTC appeared first on Crypto Briefing.
BlackRock's significant Bitcoin investment signals growing institutional trust, potentially stabilizing and boosting the cryptocurrency market's trajectory. The post BlackRock deposits $517M in Bitcoin to Coinbase Prime, boosting market confidence appeared first on Crypto Briefing.
US spot Bitcoin ETFs have turned negative year-to-date with $596 million in outflows as IBIT posted near-record withdrawals and Bitcoin fell below $75,000.
