xrp🧲

Is Grayscale Behind the

Decline in Bitcoin? Famous
!Analyst Announced
While the selling pressure on Bitcoin,
which started after the ETF approval, still
continues, the price dropped below$
.41,000
This decline made investors nervous and
increased Bitcoin's weekly losses to over
.10%
At this point, while investors were
wondering about the source of the decline
and whether it would continue, the famous
cryptocurrency analyst Scott Melker,
known as The Wolf of Street, said that the
latest decline in Bitcoin was caused by
.Grayscale
#BTC
#bnb
#xrp🧲 $ETH $ETH $BNB

Is Bitcoin Creator Satoshi
Nakamoto Back? Enigmatic
Post Sparks Speculation
In a surprising turn of events, alleged
Satoshi Nakamoto's X (formerly Twitter)
page has sprung back to life after lying
dormant for several months. The last
update was in October, when the account
impersonating the elusive figure behind
Bitcoin made headlines by sharing
reflections on the future of the
cryptocurrency, deviating from the content
of the original white paper. However, this
.post was deleted shortly afterward
The latest post, shared just seven hours
ago, took a different tone, offering only a
brief greeting to the world. Despite the
bsence of substantial content, the post
has quickly amassed a staggering 1.8
million views, leaving the crypto
$BTC $ETH $BNB #BTC #xrp🧲

$XRP XRP Price Could Have a ‘mega Breakout’ Soon, Analyst Says
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Ripple price has held steady this week as crypto analysts predict a big comeback in the coming days.
Ripple (XRP) was one of the top-performing cryptocurrencies on Tuesday as traders focused on the Bitcoin movements by the US government. Data by Arkham showed that the government moved Bitcoin worth $2 billion into a custodial account. 
Therefore, Bitcoin price retreated from $70,000 to $66,000 as these movements brought memories of the recent selling by the German government, which liquidated coins worth $5 billion this month.
The US is a bigger Bitcoin holder than Germany. Data shows that the Federal government holds over 220,000 coins valued at over $15 billion. As such, a move to liquidate these coins would have an impact on the crypto market.
Some crypto traders are extremely bullish on Ripple, a coin that has been a top laggard in the past few years. XRP is down by 12% in the past 12 months while Bitcoin (BTC) and Ethereum (ETH) rose by 127% and 80%, respectively.
In an X post, Tony Severino, a crypto trader, noted that Ripple’s monthly Bollinger Bands have moved to their tightest level in years. The last time the bands were that tight, XRP price rose by 6,000%.
$XRP monthly Bollinger Bands are the tightest everTighter than before the historic 60,000% rally that ended in early 2018 pic.twitter.com/OFTTkcDxDU
— Tony "The Bull" Severino, CMT (@tonythebullBTC) July 30, 2024
Bollinger Bands are popular trend indicators made up of three lines. The middle one is the asset’s moving average while the other two are its standard deviations. In most cases, an asset makes a breakout or breakdown after remaining in a tight #XRP🌟 #xrp⭐ #xrp⚡⚡ #xrp🧲 #xrp⚜️ range for a while.