Cryptocurrencies

On Monday, the XRP price jumped 9.3%, reaching a local high at the $1.29 mark. This was driven by active coin accumulation by large holders. In addition, fuel was added to the fire by yet another discussion of a long-standing forecast according to which the coin could rise to $1,000. On top of that, the current rally coincided with a general revival of the market…

The decentralized finance sector has recorded a sharp jump in the on-chain leverage ratio, which has returned to levels seen five years ago. Binance Research analysts published data confirming this trend. On the one hand, such changes have traditionally signaled rising systemic risks. On the other hand, the current dynamics…

The price of Ethereum (ETH) bounced 22% off its June low. Thanks to this move, the quotes managed to hold above the key trend line of institutional investors. The rise coincided with renewed inflows into spot ETH ETFs, which had been recording outflows for weeks before that. Large holders continued to actively accumulate…

Analysts at Bitwise stated that bitcoin's recent decline has created an attractive entry point for investors. The first cryptocurrency now appears to analysts to be undervalued compared with the stocks of technology companies benefiting from the artificial intelligence boom. Over the past day, bitcoin made a recovery attempt, rising at one point to…

Analysts at the market maker Wintermute allow that Bitcoin (BTC) may yet fall to levels near $50,000, despite the recent rebound. According to Wintermute strategist Jasper De Maere, the attractive long-term risk-reward ratio around $60,000 does not mean that the market bottom has already been reached. Last week Bitcoin broke…