Dogecoin Adds Another Zero, Peter Brandt Makes Important Bitcoin Correction Statement, 187 Million XRP in 24 Hours: Crypto News Digest by U....
Release: 2024/09/10 00:50 Reading: 466
Top Weekend Crypto News from U.Today
Dogecoin (DOGE) Plunges Below $0.10
Dogecoin's decline below the crucial $0.10 level has raised concerns about its recovery prospects. Low trading volumes suggest a lack of buying interest, while a potential death cross formation between the 200-day and 50-day EMAs indicates a deeper correction. Without a resurgence in demand or endorsement from influencers, Dogecoin's bearish momentum is expected to continue.
Seasoned Trader Peter Brandt Comments on Bitcoin Correction
Commodities trader Peter Brandt commented on Bitcoin's recent 6% plunge on X platform. The correction brought Bitcoin from $56,500 to $53,200, marking its lowest closing price since February 25. Brandt emphasizes the emotional toll of prolonged corrections compared to sharp declines. However, vocal Bitcoin supporter Samson Mow remains optimistic, stating that those expecting Bitcoin's decline are mistaken.
Significant XRP Transactions by Ripple Labs and Anonymous Whales
On September 6, Whale Alert detected several large XRP transactions totaling 187 million XRP. Ripple Labs executed the largest transaction, moving 100 million XRP. While initially met with concern, XRP explorer Bithomp clarified that it was an internal transfer within Ripple's wallets. Additionally, an anonymous whale transferred over 31 million XRP to their wallet, while two other transfers sent significant amounts of XRP to exchanges Bitso and Bitstamp, which facilitate Ripple's payment services using XRP tokens.
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