XRP Jumps 7%, But Watch Out For Speculative Froth
XRP has witnessed a strong surge during the past day, but data shows speculative leverage is building up behind the scenes, a potential warning sign. XRP Has Enjoyed A Sharp Rally Over The Last 24 Hours The cryptocurrency market as a whole has seen some recovery from the recent crash, but XRP has stood out for its particularly rapid growth. With a jump of 7% over the past day, the coin has managed to return to the $2.19 level. Related Reading: Bitcoin To $40,000? Signal Behind Past 60% Crashes Is Back The chart below shows how the recent performance of the asset has looked: XRP’s....
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DeFi has reclaimed $95 billion in total value locked. The number is significant. What it represents is more significant than the number. A CryptoQuant report drawing on DeFiLlama data has identified a recovery that goes beyond the return of capital. After the post-2021 correction erased the speculative froth from the DeFi market, the $95 billion […]
The founder of Capriole Investments says he “cannot be bearish” on Bitcoin, pointing to key indicators that remain inside green territories. Bitcoin Heater & NVT Are Both Inside Bullish Zones In a new post on X, Capriole Investments founder Charles Edwards has shared a couple of indicators related to Bitcoin that could paint a picture different than what the crowd is thinking right now. Related Reading: XRP Jumps 7%, But Watch Out For Speculative Froth The first indicator is Capriole’s “Heater,” gauging the situation related to the derivatives market. The....
Here's how we are approaching the bitcoin price market this evening, with our range, stops and targets in place. If all we seem to be doing at the moment is offering up cautionary tales, it’s because that’s exactly what we are doing. It’s so easy to get overexcited when price gains double digit percentage points in the space of a few hours – something we’ve seen on a number of occasions across the last week or so – but this excitement must temper at some point. Why? Because when all is said and done, bitcoin is not like other traditional financial assets. Not right now, at least. Again,....
Throughout February, corporations announced massive bitcoin buys in a series of increasingly bullish speculative attacks on the dollar.
Here's a look at what we are focusing on in the bitcoin price this morning. So that’s the week pretty much done, and it’s been one of the least inspiring weeks from an intraday trading perspective that we’ve had in a long time. It’s looking like the halving is impacting sentiment – something we discussed in a little bit of detail last night. Those who are looking to set up a speculative position seem to have already done so, while those who have decided to reduce their exposure are staying out of the markets. As a side note, the fact that price hasn’t declined sharply across the last week....