Altcoins News
By Sakamoto Nashi
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XRP Slides, Analysts Eye $1.00. Ripple's XRP fell below $1.20, and that's got analysts pretty nervous.
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Stellar's XLM Bucks the Trend. One asset that didn't follow the crowd: Stellar's XLM. It surged 10% to reach $0.
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XRP cracked. Bitcoin wobbled. And the whole crypto market basically lost $25 billion in a single day after the Federal Open Market Committee wrapped its latest meeting with…
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Bitcoin came into the week riding some genuine momentum. A proposed deal between the US and Iran got traders excited, and BTC climbed from below $64,000 all the way to $67,200.
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Bitcoin's dominance over the altcoin market is holding — barely — above 56%.
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Ripple's XRP fell below $1.20, and that's got analysts pretty nervous. That level had been considered a key support point, and losing it opens up the possibility of a drop toward…
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Ethereum didn't escape either. ETH slipped below $1,750, a threshold that had been watched closely by traders. Binance Coin lost its grip on $600 support.
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One asset that didn't follow the crowd: Stellar's XLM. It surged 10% to reach $0.24, which is a pretty remarkable move given everything else was bleeding.
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Read also: XRP Whales Accumulate 1.5 Billion Tokens in Six Months as Market Watches
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The gap between XLM's performance and something like Uniswap or Zcash tells you something about how fragmented crypto sentiment can get during a macro shock. It's not a monolith.
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The total crypto market cap fell below $2.3 trillion, shedding $25 billion in roughly 24 hours. That's a fast move.
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Geopolitical noise was also in the mix. The US-Iran deal speculation had briefly pushed Bitcoin higher earlier in the week, which means the FOMC reversal hit from a position of…
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Bitcoin's $1.290 trillion market cap and its 56%-plus dominance figure are the two numbers worth watching right now.
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The $400 million in liquidations from the Bitcoin drop is also worth sitting with. That's a significant flush in a short window, and it says something about how much leveraged…
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Related: RLUSD Tops $1.64 Billion in Volume as XRP Ledger Drives Stablecoin Surge
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