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XRP cools after rally as ETF inflows stay firm
Ripple (XRP) is correcting on Monday, trading around $1.48, a 13% drop from last week’s peak of $1.70. The remittance token surged about 72% from $1.00 last week, in line with the broader crypto market’s bullish outlook.
Debasement trades lift <a href="https://xpertsstudio.com/bitcoin-will-go-to-85000-before-a-dip-but-the-real-story-is-its-role-in-the-ai-economy-expert-argues/” title=”Bitcoin Will Go To $85,000 Before a Dip but the Real Story Is Its Role in the AI Economy, Expert Argues”>Bitcoin amid long-term holder distributions
Bitcoin (BTC/USD) remains close to three-month highs after a strong rebound brought digital assets back into focus. The cryptocurrency has gained more than 20% over the past week and approached $80,000, supported by changing conditions in the US bond market, renewed investor demand and a return of the debasement trade. Bitcoin opened above $77,500 on Monday, 24 August, after reaching around $79,500 on Friday.
Crypto Today: Bitcoin, Ethereum and XRP pull back as rally cools
The cryptocurrency market is broadly correcting on Monday as investors shift focus to profit-taking after last week’s rally. Bitcoin (BTC) is edging lower amid capped upside below $80,000, with immediate support at $77,000.
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