Bitcoin touched $65,000, a key level on Sunday. The rally in the risk asset is likely a sign of returning risk appetite among traders.
Ripple whales fuel XRP demand, buy 50 million tokens in 24 hours Ripple lost key support at $0.65 early in August. Since then thealtcoinis trading sideways. Key market movers like whale accumulation, XRP supply distribution and on-chain activity are likely influencing the altcoin’s price. Bitcoin price dips below $63,000 despite bullish on-chain metrics, ETF inflows Bitcoin continues to retrace on Tuesday after declining by 2.
The largest crypto asset trades near its 200-day Exponential Moving Average around $62,000, a level from which it could stage a rebound supported by technical analysis and positive on-chain data such as a negative exchange netflow and a long-to-short ratio above one.
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