XRP DEX Volumes Surge As Price Plunges: Smart Money Accumulating?
XRP is trading at a critical juncture, struggling to hold support below the $2.5 mark after weeks of heavy selling pressure. Bulls are finding it increasingly difficult to regain control, and overall sentiment across the market remains weak following sharp declines in major altcoins. Yet, some analysts argue that this exhaustion phase could represent a local bottom — a setup that historically precedes strong rebounds in XRP’s price. Related Reading: Bitcoin Bulls Rely on STH Realized Price Support Cluster: Loss Could Trigger $100K Retest According to data shared by CryptoQuant analyst....
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Things seem to be going well for XRP at the moment, and the cryptocurrency appears to be well positioned to make gains in the market. The price of XRP had an incredible rally yesterday as news broke of the US Securities and Exchange Commission withdrawing its case against Ripple Labs’ executives Brad Garlinghouse and Chris Larsen. In addition to this, on-chain data has shown investors accumulating XRP in anticipation of a continued bull run. Related Reading: Stacks (STX) Rockets 26% Higher In A Single Week: The Factors At Play Smart Money Holders Accumulating Rapidly XRP jumped 10% in 24....
The Google Trends interest is relatively low for the keyword “Bitcoin” while on-chain data shows smart money is accumulating BTC. Bitcoin (BTC) is continuing to show strong momentum even after a major rally. Key data points show that the uptrend has likely been fueled by smart money in recent months. This means retail or mainstream investors have been largely on the sidelines as BTC price surpassed $15,000 this month.In 2017, when the price of Bitcoin hit an all-time high at $20,000, the retail demand was at its peak. Google Trends data soared, mainstream media coverage noticeably....
Japan is an interesting country when it comes to Bitcoin. Not only does Japan treat Bitcoin like money, it is all set to end the sales tax on purchases of cryptocurrencies this spring. What is more interesting lately, however, has been the surge in Bitcoin trading volumes in Japan. While China is easily the leader in Bitcoin volumes, what is going on with the Japanese volumes is an interesting story itself. It would come as no surprise that it closely mirrors the mysterious case of the Chinese volumes. A high volume euphoria. In order to understand what is going on in Japan, we talked with....
The bitcoin markets were frothing last week as the price soared to a high of $458 on Thursday. Trading volumes more than doubled as markets were stimulated by the surging price. Volumes rose by 2.3 times to nearly 6m BTC traded over the last seven days, compared to a week earlier. The stage was set for a price surge a week ago, as the markets digested the news of the inter-continental dark markets bust called Operation Onymous. In the last week, prices swung a massive $97.57 from a trough on 11th November to a peak two days later. The price rose from $360.58 at the week's bottom to $458.15....
Short-term analysis sets a $2,400 price target for ETH, but data shows smart money continues to accumulate in anticipation of the Merge. The upcoming Ethereum merge is one of the most widely discussed topics in the crypto sector and analysts have a wide range of perspectives on how the transition to proof of stake could impact Ether's price. ETH/USDT 1-day chart. Source: TradingViewWhales accumulate ahead of the mergeA deeper dive into the ongoing accumulation of Ether by whale wallets was provided by cryptocurrency intelligence firm Jarvis Labs, which posted the following chart looking at....