Bitcoin Price Analysis: BTC/USD recovery stalled on approach to intraday resistance of $5,700
Bitcoin's recovery has stalled after a move above $5,500 as the market is still full of uncertainty. At the time of writing, BTC/USD is changing hands at $5,600, having gained over 6% on a day-to-day basis. Bitcoin's market share has improved to 64.5%.
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Ripple Price Analysis: XRP/USD broke free from the range, focus on $0.1600
Ripple has been gaining ground rapidly amid the recovery on the cryptocurrency market with SMA100 1-hour now coming into view. The third-largest digital asset with the current market value of $6.6 billion, has increased by 7% on a day-to-day basis and hit the intraday high at $0.1551. At the time of writing, XRP/USD is changing hands at $0.1540.
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Dash Price Analysis: DASH/USD stays strong ahead of halving
Dash is the growth leader of top-20 coins. Now the 19th largest digital asset with the current market value of $553 million has gained over 23% in recent 24 hours, while its average daily trading volume catapulted to nearly $1 billion. At the time of writing, DASH/USD is changing hands at $59.68, off the recent high hit at $62.86.
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Bitcoin still consolidates despite positive spot ETFs demand
Bitcoin (BTC) trades slightly up, around $64,000 on Thursday, following a rejection from the upper consolidation level of $64,700 the previous day. BTC’s price has been consolidating between $62,000 and $64,700 for the past week.
Why is ONDO’s price outlook bullish?
DefiLlama data shows that Ondo TVL reached a new ATH of $613.75 million. Ondo’s Supply Distribution metric shows whale accumulation. On-chain data shows that ONDO’s daily trading volume is rising, and the supply of exchanges is decreasing.
Maker price eyes a rally on technicals and on-chain metrics
Maker trades above $1,500 on Thursday, suggesting a potential rally as technical indicators show bullish divergence. This positive outlook is reinforced by MKR’s Exchange Flow Balance, which shows a negative spike, indicating growing investor confidence in the platform.
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Bitcoin is poised for a second consecutive week of gains, supported by the recent 50-basis-point cut in interest rates by the Federal Reserve. Bitcoin broke above several key technical resistances this week, signaling a rally continuation.
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