NFT News by Thebittimes.Com

Although the cryptocurrency market is entering the greens, Ripple ’s XRP token is struggling to gain momentum. The asset has rallied 4.7% in the weekly charts but is down 1.2% in the 14-day charts and 7.9% over the previous month. Source: CoinGecko Also Read: Ripple vs SEC Lawsuit: A Settlement on the Cards? XRP’s slow growth could be due to its ongoing legal battle with the US SEC (Securities and Exchange Commission). The SEC alleges that Ripple selling XRP tokens breaches securities laws. Although the fintech company received a partially favorable verdict in a district court last year, the lawsuit has entered the high court, and investors are awaiting a ruling. Recently, the SEC received the court’s permission to access Ripple ’s financial documents. Investors may have seen this as a bearish development, slowing XRP’s growth. When will Ripple’s XRP reclaim its all-time high of $3.40? Source – Tin Tức Bitcoin XRP reached its all-t...

Short-term holder supply has declined to just 2.56 million BTC, but the current Bitcoin market may be "top heavy," warns Glassnode. Bitcoin (BTC) speculators are leading a period of “exhaustion and apathy” across the market, new research says. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode waning conviction among Bitcoin’s short-term holders (STH). Bitcoin speculators risk unrealized losses After several months of stagnant BTC price action, frustration among market participants has lead to predictions of deeper downside to come. Bulls remain unable to break resistance, while sellers likewise face multiple support zones in the form of trend lines between the current $29,000 and $25,000. Among these is the STH cost basis, or realized price. STHs are defined by Glassnode as entities hodling coins for 155 days or less, and correspond to the more speculative end of the Bitcoin investor spectrum. The STH cost basis has functioned as ...