Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC attempts for the $100K mark
Bitcoin (BTC) price extends its recovery and nears the $100K mark on Friday after facing a healthy correction this week. Ethereum (ETH) and Ripple (XRP) closed above their key resistance levels, indicating a rally in the upcoming days.
XRP soars, while Ethereum faces selling pressure
The crypto market is showing overall growth, with a total cap of $3.32 trillion (+0.5% in 24 hours). However, bitcoin is barely rising, with Ethereum down 3% from Thursday's peak, while XRP is up around 9% after hitting 2021 highs at the peak of the day's momentum.
Over $10B in Bitcoin and Ethereum options expire today
Over $10 billion in Bitcoin (BTC) and Ethereum (ETH) options are set to expire today, a significant event that could impact market trends and cause short-term volatility. Analysts are closely watching the contracts' volume and value to predict market movements. Put-to-call ratios for BTC and ETH options indicate a stronger preference for call options, hinting at bullish sentiment among traders.
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Bitcoin price breaks above the $100K milestone
Bitcoin's price surpassed the $100K mark on Thursday after its recent pullback last week.The momentum indicator, the Relative Strength Index, indicates a continuation of the uptrend, while the technical outlook suggests a rally toward $125K.
Ripple's XRP may see a rebound after recent pullback; on-chain data suggests further upward potential
XRP traded near $2.4 on Wednesday as Ripple Labs clarified that its RLUSD stablecoin will not debut on exchanges despite a rumored launch among crypto community members.
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Bitcoin: A healthy correction
Bitcoin (BTC) experienced a 7% correction earlier in the week, dropping to $90,791 on Tuesday before recovering to $97,000 by Friday. On-chain data suggests a modest rebound in institutional demand, with holders buying the dip. A recent report indicates BTC remains undervalued, projecting a potential rally toward $146K.
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