Bitcoin Mirrors 2018 Crash: Is $3K History Repeating for BTC?
Bitcoin is currently on track to record a four-month losing streak. This specific sequence (four or more consecutive negative monthly candles) has not occurred since 2018. The year was infamous for the excruciatingly brutal "crypto winter" that drove BTC prices down to the $3,000 range.Bitcoin…
Institutional Demand for XRP ETFs Cools
U.S. spot XRP exchange-traded funds (ETFs) have recorded a net negative week, data from SoSoValue shows. Notably, this has happened for the first time since their highly anticipated debut,The red-hot ETF products that the products saw $40.64 million net outflow in the span of seven days. The…
XRP Burn Metric Surges as Prolonged Price Pullback Nears End
XRP has continued to trade in the deep red territory, but its network activity suggests that momentum might return to the market in the near term.Amid the broad crypto market slowdown, the leading altcoin has seen a sharp surge in its burn activity, according to data from CryptoQuant. As such, it…