Hey there, welcome back! Here is a recap of all that happened in the last 24 hours in the crypto community. With The Blockchain Bulletin, get to know the latest updates on institutional firms, tokens, market volatility, and even regulatory facts.
Bitcoin's price is holding steady at $92K amid selling pressure, raising concerns among investors. Analysts indicated a reversal rather than a reinvestment of the signals received by the markets. Following the dip, several altcoins, including ADA, could not bounce back in the market and struggled to recover amidst broader market dips.
While several tokens struggled due to market volatility, XRP pushed upwards towards critical resistance levels, targeting key Fibonacci levels for a major breakout. An analyst stated that the $2 mark would be a critical point for XRP, and if it is exceeded, the token would cause a 'real FOMO' (fear of missing out). This would potentially lead to a price increase.
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