After struggling at the end of the year with numerous consecutive days of net outflows, the spot Bitcoin ETFs in the States finally registered some notable inflows on Friday. The Ethereum counterparts sit in the opposite corner, as they have been mostly in the green since mid-December despite the FOMC aftermath on the entire market.
At its fourth quarter meeting on Dec. 27, the People’s Bank of China committee (POBC) proposed a more dovish (low interest rate) policy going forward. At the same time, the US Fed has different plans. China Announces Interest Rate Cut Financial analysts expect the bank to make adjustments to the target funds rate so that
Bitcoin has continued to receive substantial support around the $90K level, sparking a slight recovery. However, the prevailing bullish momentum appears insufficient to trigger a fresh rally toward a new all-time high, suggesting the likelihood of consolidation within this area in the short term. Technical Analysis By Shayan The Daily Chart After a period of
Ripple’s consolidation within the $2-$3 range reflects a period of indecision in the market, with a breakout above $3 paving the way for a sustained bullish trend. Its next significant trend depends on the potential direction toward which the range would break out. XRP Price Analysis By Shayan The Daily Chart After failing to breach
Bitcoin achieved a new historic all-time high price in December. At the same time, analysts believe XRP is well on the way to smashing its own record, eclipsing Bitcoin, Ethereum, and Solana’s gains in December. In December, XRP tokens retraced 84% of losses from its all-time high price of $3.4 a coin in Jan. 2018