batcat Kurs BTC

#CryptoUpdate $BTC dominance is RISING… but don’t get distracted. This is exactly how the 2021 altseason started: • Bitcoin breaks highs • Retail FOMOs in • Smart money rotates into alts • Then BOOM — 2x, 5x, 10x altcoin runs History doesn’t repeat, but it sure does rhyme.

$XRP price grinds higher and trades at $2.15 during the early European session on Monday. The token sustained a bullish outlook throughout the weekend after reclaiming support above $2.00 on Friday. Based on the current fundamentals and technical structure, XRP showcases immense potential to keep the uptrend intact, targeting key resistance levels at $2.75 and $3.00, respectively. $XRP whales go on a buying spree as risk-off sentiment fades Global markets, including crypto, have suffered under heightened liquidity and sustained drawdowns since April 2, when United States (US) President Donald Trump announced reciprocal tariffs. Digital assets like Bitcoin (BTC), Ethereum (ETH), and XRP started recovering mid-last week, as President Trump changed his tune on tariffs, suspending the new policy for 90 days. However, the President turned the tariff war a notch higher on China, levying the Asian economic giant a 145% duty on goods exported to the US. China, not relenting, retaliated with a 125% duty on United States goods, adding that it would fight to the end. President Trump made another surprise move on Friday, exempting certain goods, including smartphones, computers, and devices like semiconductors, from his reciprocal tariffs, according to a CNBC article. The cryptocurrency market continued to trade positively over the weekend despite President Trump clarifying that exemptions are not permanent. Moreover, he said goods will still attract the existing 20% fentanyl tariffs. XRP whales responded positively to the tariff news from the middle of last week, increasing their holdings. Per Santiment's data, wallets with between 1 million and 10 million XRP have grown to hold 9.27% of the total supply. Similarly, addresses between 10 million and 100 million accounted for 11.61% of the total supply. These wallets' gradual but steady growth hints at rising risk appetite among the whales. If the uptake of XRP continues, bullish momentum could soar, lifting XRP price towards the $3.00 level. XRP price on the cusp of a breakout XRP holds between two key levels highlighted by the 200-day Exponential Moving Average (EMA) at $1.95 as support and the short-term confluence resistance showcased by the 50-day EMA and the 100-day EMA at $2.25. A buy signal from the Moving Average Convergence Divergence (MACD) indicator further affirms the bullish outlook. As the MACD recovers toward the mean line and histograms flip green, the path of the least resistance clears, targeting previously tested resistance levels at $2.75 and $3.00. The Relative Strength Index (RSI) indicator, holding neutral at 49.95 while trending higher, upholds the bullish outlook. Traders could seek more exposure as the RSI steadies into the upper neutral half. Note that breaching the descending trendline resistance in the RSI indicator would further reinforce the bullish grip. XRP/USD daily chart On the other hand, traders must be cautious not to overexpose their capital, considering the drop in the derivatives’ Open Interest (OI) by 2.75% in the last 24 hours to $3.29 billion. A 40% drop in volume to $9.99 billion in the same timeframe could mean that existing positions are closed significantly, dampening bullish momentum.

Bitcoin price started a fresh increase above the $82,500 zone. BTC is now consolidating gains and might attempt to clear the $85,850 resistance. Bitcoin started a fresh increase above the $83,200 zone. The price is trading above $82,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $84,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $85,500 zone. Bitcoin Price Rises Again Bitcoin price started a fresh increase above the $81,500 zone. BTC formed a base and gained pace for a move above the $82,500 and $83,200 resistance levels. The bulls pumped the price above the $84,500 resistance. A high was formed at $85,850 and the price recently started a downside correction. There was a move below the $84,500 support. The price dipped below the 23.6% Fib retracement level of the upward move from the $78,600 swing low to the $85,850 high. However, the price remained stable above $82,200. Bitcoin price is now trading above $82,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $84,500 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $85,500 level. The first key resistance is near the $85,850 level. The next key resistance could be $86,500. A close above the $86,500 resistance might send the price further higher. In the stated case, the price could rise and test the $88,000 resistance level. Any more gains might send the price toward the $88,800 level. Another Decline In BTC? If Bitcoin fails to rise above the $85,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $84,200 level. The first major support is near the $82,200 level and the 50% Fib retracement level of the upward move from the $78,600 swing low to the $85,850 high. The next support is now near the $81,200 zone. Any more losses might send the price toward the $80,500 support in the near term. The main support sits at $80,000. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $84,500, followed by $82,200. Major Resistance Levels – $85,500 and $85,800. $BTC

Bankless: Is the On-Chain Development the Key to Unlocking the 300 Billion BTC Sleeping Outside of DeFi?

$BTC Stablecoin inflows are slowing down. They've been pretty much flat since the tariff mess.