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XRP Slides 6% as Bearish Bitcoin Sentiment Weighs Down Ripple-Linked Token

XRP has recently dropped by 6.4% to $2.20 due to significant institutional selling, breaking through key support levels. The token experienced a wide trading range of 12.4% with a trading volume spiking 126% above average, indicating strong participation from institutional traders in the selloff. Currently, traders are eyeing the $2.08 support level to prevent further declines towards the $2.00 psychological mark. After hitting a session low of $2.08, price attempts to recover were met with resistance, revealing a downtrend characterized by lower highs and lower lows. The momentum indicators are trending negatively, with the relative strength index indicating a loss of momentum. To return to a bullish trend, XRP needs to stay above the $2.08 level and reclaim $2.22, or it may face further liquidation. As XRP struggles amid broader market sentiment, there are concerns about lack of demand amid the bearish trend.

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Record $1.26B Outflow Hits BlackRock Bitcoin ETF as Bearish Options Cost Soars

BlackRock's Bitcoin ETF, IBIT, has encountered a monumental net outflow of $1.26 billion in November, marking the most significant withdrawal since its inception in January 2024. This outflow comes amidst a price decline of 16%, bringing the share price down to $52, a level not seen since

Mastercard Picks Polygon to Bring Verified Usernames to Self-Custody Wallets

Mastercard has announced its collaboration with Polygon to introduce a system allowing users to send cryptocurrencies using verified usernames instead of lengthy wallet addresses. This new feature, referred to as the Mastercard Crypto Credential, aims to enhance security and user-friendliness in crypto transactions. By utilizing the services of Mercuryo, a

Bitcoin Dominance is Bleeding With Price, But Market Observers Say Altcoin Season is on Hold

Bitcoin's recent decline in price and dominance rate indicates a broader market deleveraging rather than a straightforward rotation into altcoins. While Bitcoin has dropped nearly 16% this month, its dominance has slipped from 61.4% to 58.9%. Despite speculation about an upcoming 'altcoin season', many

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