Guru-Investinghas prepared the three most important news of the last day.
Guru-Investinghas prepared the three most important news of the last day.
1.75 Trillion SHIB Mysteriously Seized on Robinhood with Price on the Verge of Breakout
According to data provided by the Whale Alert tracker, yesterday, 1.75 billion SHIB tokens They were purchased on Robinhood. The purchase was made by anonymous whale -4D935, who withdrew this large amount of SHIB meme coins in two transactions, each with 875,000,000,000 SHIB. The total value of the acquired tokens is evaluated at $39.2 billion. Meanwhile, Ali Martinez, popular cryptocurrency trader and analyst, shared on its X handle on Wednesday saw SHIB forming a bullish flag on its daily chart. According to Martínez, SHIB aims to make a major bullish breakout to the $0.000072323 level; Therefore, he decided to place some buy orders around the price of $0.000018343. At the time of writing, SHIB is changing hands at $0.00002405, up 7.15% in the last 24 hours, according to CoinMarketCap.
Ripple’s 800 Million XRP Escrow Lock Failed to Reset Price, Here’s Why
According to recent on-chain data, Ripple Labs changed 800 million XRP into an escrow wallet in an effort to rebalance the circulating supply of the digital currency. According to Whale Alert, the blockage was carried out in three tranches: the first carried 500,000,000 XRP, the second included 100 million XRP and the third 200 million XRP. In response to the escrow activity, the price of XRP has increased slightly, up 4.61% to $0.5126 in 24 hours. However, this huge XRP block has yet to recover all the losses from the previous week. As market sentiment declined over the past month, XRP saw a sharp drop in valuation. Even with the most recent surge, XRP is still down 2.04% from the previous week and more than 14% from the previous month. Currently, XRP is trading at $0.524, down less than 1% in the last 24 hours.
Peter Schiff names new bearish target for Bitcoin price
In a recent X post, Peter Schiff, renowned gold advocate, called the next downside target for Bitcoin. In his opinion, the target will be the level of $54,000. Schiff also stated that Bitcoin has formed a bearish head and shoulders pattern, with the “neckline” of the pattern just below $57,000. Earlier this week, the expert fixed that Bitcoin is currently facing its do-or-die momentum, and if BTC falls below the $60,000 level, the asset will be in big trouble. However, recent remarks by Federal Reserve Chairman Jerome Powell caused the price of Bitcoin to briefly rise above the $59,000 level. At the moment, Bitcoin is trading at $61,715, an increase of 5.84% in the last 24 hours.
