Shiba Inu’s growing correlation with this asset could hinder its recovery
While Dogecoin might be the meme coin king, it is Shiba Inu that is currently the most popular meme token, and it is this popularity that its recovery hinges on since, on a technical level, SHIB is truly struggling.
What the rejection at $19,000 now means for the Bitcoin price
Bitcoin price gives into the bearish vice grip as the bulls have abandonded ship near the $19,000 support zone. BTC price was rejected from the 8-day exponential moving average. A double scenario is now underway, and key levels have been identified.
XRP price freefall grinds to a halt as crypto market cap surrenders the $1 trillion mark
XRP price is in the process of fortifying support around $0.3180 in the wake of a sharp decline from resistance at $0.3367. Although the cross-border money remittance token trades slightly above $0.3200, all eyes are fixated on its ability to bounce off support for a sustained northbound move.
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Toncoin price opened trading at $6.2 on Monday, up 27% since Gary Gensler's exit confirmation on November 21. On-chain data trends suggest a $7 breakout could follow as whale investors have scaled up demand for TON considerably over the last 5 days.
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Bitcoin (BTC) reached a new all-time high of $99,419, just inches away from the $100K milestone and has rallied over 9% so far this week. This bullish momentum was supported by the rising Bitcoin spot Exchange Traded Funds (ETF), which accounted for over $2.8 billion inflow until Thursday. BlackRock and Grayscale’s recent launch of the Bitcoin ETF options also fueled the rally this week.
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