Bitcoin ‘solidifies’ support at $58K as BTC price volatility hits 7-month low
Encouraging signs point investors away from expecting the worst after BTC/USD reaches multi-day highs without significant retracement. Bitcoin (BTC) hit multi-day highs of $58,300 overnight into Nov. 25 with investors betting on the reduced likelihood of a further major price dip.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewData from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging above $57,000 Thursday, printing a higher low on the daily chart.This, trader and analyst Rekt Capital believes, shows support “solidifying” at current levels, with hope, therefore,....
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Bitcoin expects to undergo major price swings in the coming sessions as its price volatility hits its lowest levels in more than a month.
180-day volatility dropped to its lowest level since Nov. 2018
Bitcoin strategists are waiting for a bias-defining price move as the cryptocurrency’s historical volatility falls to its lowest in three months. Jan Uytenhout, the co-founder of Capriole Investments in Denmark, iterated the outlook in a tweet issued earlier this Wednesday. The fund manager cited old references to show a correlation between the Bitcoin price and […]
Xrp was once again higher on Friday, as the token hit a 4-month high for a third consecutive session. The token formerly known as ripple has risen by over 50% in the last seven days, despite the current market volatility. Cronos was also a notable mover today, climbing by nearly 15%. XRP XRP was higher for a second consecutive session on Friday, as the token moved to a fresh four-month high. Following a low of $0.3398 to start the week, XRP/USD rose to an intraday peak of $0.5523 earlier today. As a result of today’s surge, which saw the price climb by over 10%, XRP climbed to its....
XRP moved to a fresh four-month high on Thursday, which comes as volatility in the crypto markets eased, following the latest U.S. Federal Open Market Committee meeting. The token rose past a key hurdle in today’s session, hitting its highest point since May. Algorand was another notable mover, with prices climbing by as much as 17%.
XRP
XRP raced to a four-month high on Thursday, after hovering close to this milestone during yesterday’s session.
XRP/USD rose to a high of $0.4461 on Thursday, as prices moved past a resistance point of $0.4200.
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