U.Today presents the three most important news of the last day. Take a closer look at the world of cryptocurrencies!
Legendary trader Peter Brandt shares a rarely missed Bitcoin (BTC) price chart
Peter Brandt, legendary trader and chartist, recently visited the X platform to share the Bitcoin chart. he trusts more– The weekly Renko chart. The reason behind Brandt’s reliance on the Renko chart is the exceptional accuracy of it. The trader stated that, according to his calculations, the method has only shown five incorrect signals in the last five years. One of the latest Renko chart signals suggesting a buying opportunity at $22,000 turned out to be true as Bitcoin is currently trading at around $34,000. However, as accurate as this graph is, it is necessary to exercise caution and always keep in mind the unpredictable nature of financial markets.
Shiba Inu (SHIB) Breaks New Record and Price Soars to New Heights
The market’s recent positive streak has benefited Shiba Inu meme crypto, as its price rose to a two-month high. SHIB began its ascent on October 19 and hit a high of $0.000082 in Thursday trading, spending seven of the last eight days in the green. At the time of writing, SHIB is changing hands at $0.00000781, up 1.61% in the last 24 hours. IntoTheBlock data shows that due to the token’s positive price action, Shiba Inu’s profitability has increased. Additionally, the aforementioned analytics platform reported that the total Shiba Inu addresses have reached a new high, with the number now at 3.63 million.
Elon Musk’s tweet raises questions from XRP and SHIB armies
Centibillionaire Elon Musk, which currently owns the social media platform Early version of video and audio calling on 𝕏,” Musk said. As is often the case, the tech mogul’s post attracted a lot of attention from many X users, including members of the XRP and SHIB armies. Lucie, the official member of the Shiba Inu team, posted a GIF featuring a SHIB dog using a banana as a phone and saying, “Bring ring ring ring ring.” @XRPcryptowolf, a major XRP-themed account, asked Musk: “When does X accept XRP payments?”
