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$XRP XRP has underperformed the broader crypto market over the past 24 hours, dropping 3.57% compared to the overall market decline of 2.21%. The key drivers behind this move include: 1. Broad Market Correction – The U.S. Producer Price Index (PPI) came in hotter than expected, triggering $941M in crypto liquidations. 2. Technical Weakness – XRP failed to hold the $3.20 Fibonacci support, while the MACD indicator flashed a bearish crossover. 3. Adoption Uncertainty – Recent remarks by Ripple’s CTO regarding XRP’s role within institutional trust networks have sparked debate over its real-world utility and adoption scope. Macro Selling Pressure: On August 15, the U.S. PPI for July posted a 0.9% monthly increase — the largest in three years. This macro print led to a $160B wipeout in overall crypto market capitalization. XRP, alongside Bitcoin (-2.4%) and Ethereum (-2.3%), saw declines averaging 3.3% during the session.
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SKALE (SKL) surged 56.74% in the past 24 hours, surpassing its 30-day (+106.72%) and 7-day (+140.12%) gains. While the move aligns with the broader altcoin rally, overbought signals suggest caution. Key Factors: 1. It Remains Partnership (Positive) – Integration with It Remains, a Hollywood-level transmedia franchise combining AR/VR, NFTs, and interactive storytelling, boosted user engagement and speculative buying. 2. Overheated Technicals (Negative Risk) – RSI reached 94 (7-day) and 87 (14-day), indicating extreme overbought conditions. 3. General Altcoin Strength – The altcoin season index rose 36% weekly, with declining Bitcoin dominance pushing high-beta tokens like SKL into focus. $SKL
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Cardano ($ADA ) jumped 14.84% in the last 24 hours, outperforming the overall crypto market’s 3.37% gain. This surge was driven by Grayscale’s ETF filing, ongoing technical upgrades, and increased activity in altcoins. 1. Grayscale ETF Filing – Institutional interest is growing following Grayscale’s registration for a Cardano ETF. 2. Midnight Airdrop Impact – The Glacier Drop distribution is boosting demand among ADA holders. 3. Technical Upgrades – The community has approved $71M for Hydra scaling and Ouroboros Leios consensus improvements.
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$BTC Bitcoin gained 3.48% in the last 24 hours, outperforming the overall crypto market (+3.4%), driven by: 1. Fed Rate Cut Hopes – Markets expect a 94% chance of a September rate cut, weakening the USD and supporting BTC demand. 2. Regulatory Support – A new rule allows Bitcoin in 401(k) retirement plans, unlocking potential access to $9T in assets. 3. Technical Breakout – BTC broke above $123K resistance; RSI (68.56) indicates further upside momentum.
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Divorce can mean splitting $BTC too but private key can’t be split in half without risking total loss.
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