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Bitcoin dropped to $89,900 on January 13, its lowest decline in two months James Toledano, COO at Unity Wallet, said one of the reasons for the drop is profit-taking after Bitcoin hit $108,000 in mid-December The inauguration of President-elect Donald Trump could spark renewed buying interest, Toledano said Bitcoin fell below $90,000 for the first time in two months, dropping 3.6% in 24 hours as the market experienced selling pressure. Data from CoinMarketCap shows that Bitcoin’s price dropped to around $89,900 on January 13. However, at the time of publication, it’s trading over $95,000. Bitcoin drops below $89,000. Source: CoinMarketCap According to James Toledano, COO at Unity Wallet, there are several reasons why Bitcoin’s price fell. “The first is profit-taking, after hitting a peak of around $108,300 in mid-December, the market has seen a massive amount of it, particularly following the election of pro-crypto President-elect D...

After a prolonged period of flat price action that spanned the first three quarters of the year, XRP seems poised to finish the year off strongly. In tandem with the wider cryptocurrency market bull run that started in November following the U.S. presidential elections, the digital asset saw a significant price surge. Before the uptrend started, XRP was trading at roughly $0.50 — at press time, prices have increased to $2.41, receding from a prior high of $2.71 on December 2. With this latest move, XRP’s year-to-date (YTD) gains stand at an impressive 292.55% — on a monthly basis, the cryptocurrency has seen prices increase by 261.95%. These returns put the token in the upper echelon — particularly once we factor in that it provides actual utility, unlike many of the digital assets that have seen similar price increases in recent times. Picks for you ...

XRP has experienced a strong surge over the past week, with its market capitalization increasing and moving closer to its all-time high. This rally has pushed XRP to new heights, but it’s crucial to understand that such market phases are often temporary. Various indicators suggest that XRP might be approaching its peak. Aside from predicting that it will hit $3 this month, experts are speculating which altcoin will be the next to explode. XRP price analysis XRP recently reached a new all-time high, surpassing its previous market cap record from January 2018. Binance reported that XRP’s market cap hit $153 billion, marking a major milestone, though without adjusting for inflation, which would align it with its 2018 unit price highs. Despite this achievement, the real question is how much higher XRP can go. CoinMarketCap data shows that XRP hit $3.80 in early 2018, but its market cap was much lower at that time. Today, XRP’s market cap has exceeded its 2018 peak, b...

Cryptocurrencies are recovering after a notable crash with “September Effect” fears and favorable macroeconomic data like US jobs and CPI. As the cryptocurrency market heats up for a 2024 crypto bull run, two tokens stand out with strong momentum. On September 11, Finbold retrieved data from CoinGlass ‘s Relative Strength Index (RSI) heatmap, especially in the 12-hour time frame. Notably, the market’s average RSI shows a strengthening momentum nearing the 50-point neutrality indicator, currently at 48.79. With continuous downward revised jobs data – indicating a worrying economic situation in the United States – and a diminishing year-over-year (YoY) Consumer Price Index (CPI) inflation, the Federal Reserve will likely decide on the first interest rate cut in years, likely fueling the strong momentum. Picks for you B...