BTC reclaims $28k as XRP explodes to $0.58

Home » BTC reclaims $28k as XRP explodes to $0.58


  • Bitcoin has recovered from lows of $26,690 reached after Binance-related regulatory news.
  • XRP has outperformed after breaking above $0.50, while Ethereum reclaims $1,800.
  • Bitcoin faces tough resistance at $28k-$30k.

Bitcoin price is back above $28,000, trading as high as $28,600 on Wednesday morning as crypto looked to shake the downward pressure injected by this week’s regulatory related news.

After the BTC price fell to lows of $26,690 following the CFTC charge against Binance CEO Changpeng Zhao and his crypto exchange, bulls have managed a 6% jump in the past 24 hours to push Bitcoin to the crucial $28,000 level.

The gains for BTC have also come amid a broader crypto market upside, as traders shed the regulatory anxiety amid news that Hong Kong regulators were looking to make the city state a digital asset hub by encouraging banks to extend finance services to Bitcoin and cryptocurrency companies.

Bitcoin bulls now face the task of breaching the thick resistance wall between the $28k and $30k zone, which could open the path to the highest price since June 2022. 

Another flip lower could bring back the $25k support area into play, but crypto analyst Rekt Capital suggests dips with a monthly close above the zone would be a healthy retest.

XRP outperforms as Ethereum eyes $2,000

As BTC looks to retest YTD highs, XRP was outperforming most altcoins in top 50 market cap category as it exploded above $0.50.

At the time of writing, XRP was poised above $0.56, having tested bears around $0.58. XRP/USD is 16% up in the past 24 hours and 45% this past week as buyers target the key $0.60 level ahead of what could be a make or break few days – given the highly anticipated end to the Ripple Labs versus US Securities and Exchange Commission (SEC) case.

Ethereum is also trending higher, up more than 5% in the past 24 hours and above $1,800. The gains come after bullish sentiment seeped into the market following CFTC indications of ETH being a commodity.

It also follows recent confirmation that the Shapella upgrade will happen on 12 April 2023. Community anticipation for ETH withdrawals could aid the price of Ethereum to jump to the psychological $2,000 level.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Past performance is not indicative of future results. Any investment in blockchain assets involves the risk of loss of part or all of your investment. The value of the blockchain assets you exchange is subject to market and other investment risks. © get best crypto 2023
Get best crypto
full hot kiss suman ranganathan hot sex college xvideo kamasutra xnxx dragon ball h hentai ikenai bikini no one-san atish mkv odia bp sex
سكس اسرائيليات افلام نيك hd xxx indian teens private porn massage animal pleasure hentai nishin masumi incest xxx x videoe desiindian www xnxx2
nepali girl fuck superchat sex نيك ام وبنتها سكس مصرى حديث tamil sex image blue film xvideo hentai manga sailor moon sink hentai ochikonium hentai manga neighbor