Crypto Blog
Bitcoin has been consolidating during the past few days, with its price staying firmly above $34K. This has given some altcoins the opportunity to boom, with XRP and SOL leading the pack amid the major cryptocurrencies.Bitcoin’s price has been unable to push above $35K and, instead, has been consolidating passively at around $34.4K, where it currently trades.
Many analysts believe that the cryptocurrency is currently preparing for the next leg up and that this is consolidation under resistance – a well-known bullish trading pattern.There has been a lot of excitement in the industry lately, mostly surrounding topics such as the potential approval of a spot Bitcoin ETF by the United States Securities and Exchange Commission. While there’s no official confirmation, industry participants are now bullish more than ever.
On the other hand, we also have Solana’s SOL. It’s up a whopping 7% over the past 24 hours and is now pushing for $40. It’s worth noting that SOL’s been performing extremely well throughout the entire week.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
XRP May See 77% Rise in November, According to XRP Price HistoryAs XRP enjoys 11.3% October boost, all eyes turn to November, where historical data suggests potential for significant 77% rise
Read more »
1 Billion XRP Unlocked by Ripple, XRP Price Reacts With 3% DropRipple's unlocking of 1 billion XRP sends ripples through market, causing 3% dip in XRP price
Read more »
Why the U.S. rates surge went worldwideThe higher-rates-for-longer is sending ripples across major economies
Read more »
XRP, BTC and SOL Funds See More Inflows; Why Is ETH Being Left Behind?Bitcoin, Solana and other digital assets witness significant inflows, yet Ethereum remains in slump
Read more »
Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TONAfter a brief correction, Bitcoin and altcoins are trying to resume their respective uptrends, indicating that bulls remain in control.
Read more »
Millions of XRP Spotted Moving On-Chain, Possible ReasonsXRP whales in action, here's how much has moved in 24 hours
Read more »