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- #Will BTC Hit a New High?#
BTC has broken past $100,000 and is now consolidating near its peak. What’s your outlook on the next move? With bullish sentiment on the rise, could BTC reach a new all-time high?
#Crypto Market Rebounds#
The crypto market is rallying across the board — altcoins are gaining momentum, and Memecoins are heating up! 🔥MOODENG is up over 100%, while PNUT and VIRTUAL have each gained more than 45%. The total crypto market cap has now exceeded $3.22 trillion!
What’s next for the market? Which rebound tokens are you most bullish on?
Post your insights and trading strategie
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$69,536,183 XRP Transfer Stuns Major U.S. Crypto Exchange
This large transaction has raised eyebrows as it coincides with the ongoing bull market run, prompting investors to closely monitor on-chain activities.
Whales already dumping?
According to the data, the massive transfer was executed by an unknown wallet address in a single transaction, suggesting a possible sell-off attempt.
Although the exact motive behind the transaction remains unclear, it has sparked concern within the XRP community, especially as it aligns with a period of bullish momentum for the token.
Despite the transfer, XRP continues to exhibit strong bullish indicators. Over the past 24 hours, CoinMarketCap data shows that XRP has experienced a 3% daily surge, following an 8% gain the day prior. As of press time, XRP is trading at $2.35.
While large transfers to exchanges are often associated with intent to sell, this specific transfer has the XRP community questioning whether whales are starting to take profits after the recent bull run.
What next for XRP?
XRP’s current positive price trend has fueled investor optimism, with expectations that the token could reach the $3 mark soon. Longer-term, some believe XRP could hit a new all-time high (ATH) before the onset of the next bear cycle.
However, if large holders begin to sell off holdings, this could stall XRP’s bullish trajectory. Whale profit-taking can lead to a spike in supply, outpacing demand and potentially driving prices down.
Such actions might also trigger panic selling among smaller, less experienced investors, leading to further downward pressure on the token’s price.