Cryptocurrencies Price Prediction: XRP, Bitcoin & Binance – European Wrap 15 August
|XRP falls under key support as Ripple holders take profits
Ripple (XRP) price falls for a second consecutive session, struggling under a key support level, as increased selling pressure from profit-taking outweighs positive developments for the business of the payment-remittance firm.
Bitcoin price struggles around $59,000 as large US government transfer weigh
Bitcoin (BTC) price trades in the red for a second consecutive day on Thursday, down by 1.16% at $58,105. Sentiment around the main crypto asset seems to have deteriorated after Arkham Intelligence data showed that a wallet associated with the US government transferred 10,000 BTC, worth $593.5 million, to Coinbase Prime. Additionally, Bitcoin Spot ETFs recorded a mild outflow of $81.40 million, snapping a streak of two days of minor inflows.
Binance goes live in India as a registered entity, nearly 100 million traders could break into crypto
Binance, one of the largest cryptocurrency exchanges, received regulatory approval to reopen its services and serve nearly 100 million crypto traders in India. The firm has faced several challenges with regulators worldwide, including in India, where the platform had been banned for noncompliance reasons during seven months.
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