XRP Boosts By 15% In A Day, USDT (Tether) Volume Rises by 30% in March, Bitcoin Dominance Rise Pauses & More...
Here are today's top stories:
XRP Boosts By 15% In A Day As A Deadly 30% Correction Awaits
Over the past few hours, the price of XRP relative to the dollar has been on a spike hitting an intraday high of $0.1815 signaling a possible end to the wild bearish market in the past month. After crossing the key resistance point at $0.1620, XRP bulls look set to push the price towards the $0.2000 mark. But is a deadly correction in line?
USDT (Tether) Volume Rises by 30% in March, Sell-off or Precursor to Crypto Bulls?
The amount of stablecoins witnesses nearly a 30% rise since the beginning of the month. USDT (Tether) has alone increased from $4.8 billion to over $6.19 billion since March 1, 2020.
Bitcoin Dominance Rise Pauses at Resistance, with Liquidity Returning to Crypto Markets
Despite the bearish fear and sell-off due to Coronavirus, the stock markets also witnessed a historic rise yesterday, with the SPX index rising by 6.24%. However, many investors suspect a dead-cat bounce as the state of the economy is far from recovered at the moment.
Bitcoin Price Analysis: BTC/USD Bearish Flag Pattern Breakdown Targets $2,400 – Analyst
Bitcoin price bulls desire to nurture the uptrend hits a wall pat $7,000 as bearish grip strengthens.
A bearish flag pattern support break would trigger declines likely to shatter several support areas to test $2,400.
Ripple Price Analysis: XRP Majestically Steps Above $0.1745 But This Rising Wedge Pattern Threatens Return To $0.1400
Ripple price could easily sail above the psychological $0.2000 resistance if the hurdle at $0.1800 is shattered.
A cloud of negative selling pressure hovers due to a possible rising wedge pattern breakout that could force XRP/USD back to $0.14 support.