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Oyzgr
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#LamboUrusCarnival last day!!! Do you want to change the letter for one more goldenball? I can give you any of letter if you give me ‘O’.
#LamboUrusCarnival last day!!! Do you want to change the letter for one more goldenball? I can give you any of letter if you give me ‘O’.
Johnmiracle Web3
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Bearish
Tonight, the owner of the Bitcoin address "17TZNT" moved 2995 BTC, which he bought in 2016 at a rate of $458. Before this, the last transaction was carried out by him in September 2017, so the hold lasted more than six years.

If the coins are now sold, the profit on them is almost $82 million. Initially, in 2016, the investor invested 1.46 million in 3200 BTC.

Fine.

#Johnmiracleweb3 #trading #BTC
Si_Angel
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Shiba Inu (SHIB) Sets Massive Transaction Volume of 4.48 Trillion SHIB

Canine-themed cryptocurrency Shiba Inu is sustaining a strong transaction volume as the market continues its sell-off.
The total crypto market capitalization has slipped nearly 1% to $1.07 trillion as the market enters its second day of selling. Shiba Inu, like the majority of crypto assets, is sustaining losses as profit-taking ensues.
Shiba Inu has lost the $0.000007 level as a result of the bears' onslaught, reaching lows of $0.00000673 on Oct. 8. At the time of writing, SHIB was down 0.88% in the last 24 hours to $0.00000688.
Despite the price drop seen for SHIB, on-chain data portends an interesting indication for its network.
According to IntoTheBlock data, Shiba Inu has seen 4.48 trillion SHIB in transaction volume over the last 24 hours. The Transactions Volume indicator estimates the aggregate volume of transactions recorded on-chain in crypto terms.
Transaction volume can also indicate both trading and nonspeculative activity. Like trading activity on exchanges, transaction volume can be helpful for spotting reversals and breakouts.
Shiba Inu saw a massive transaction volume spike ahead of the Oct. 8 sell-off as IntoTheBlock data revealed a transaction volume surge from 1.76 trillion SHIB on Oct. 7 to a staggering 4.69 trillion SHIB on Oct. 8. This increase might signal both panic from holders selling as well as large investors buying amid the uncertainty.
Shiba Inu sustained this trend, seeing a strong transaction volume of 4.48 trillion SHIB on Oct. 9. While uncertainty remains on the market, where SHIB will trend next remains an open question.
#Shibainu #cryptonews
Good article
Good article
Quoted content has been removed
Coinpedia
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Ripple News: How Low Can XRP Price Drop This Month?
The post Ripple News: How Low Can XRP Price Drop This Month? appeared first on Coinpedia Fintech News

The XRP market is buzzing with predictions, and everyone has their share of versions to convince naive investors. Recently, XRP slipped beneath the $0.49 mark for the second time this month, hitting a one-month low amidst a generally bearish market and heightened selling pressure.

The air above XRP’s current state stems from its bearish trend since it surged 5.21% on Oct. 3, following the latest ruling in the Ripple case. That day, Judge Analisa Torres denied the SEC’s motion for an interlocutory appeal on aspects of the July 13 ruling they lost. 

Analyst Reviews XRP’s Bear Trapped Prices

Shedding some light into the scenario, Bill Morgan, a prominent pro-XRP lawyer, drew attention to this escalating bearish trend on Oct. 9. At that time, XRP was still holding above $0.50, but a gradual decline was evident.

Since the increase on Oct. 3, XRP has seen seven losses out of eight days, marking a decline of over 9.7%. XRP is trading at $0.4898, reflecting a 1.45% drop over the past 24 hours. The 24-hour trade volume has fallen by 29.28%, indicating reduced interest among traders.

XRP has now almost entirely lost the the gains from the recent Torres decision on the SEC’s motion for an interlocutory appeal as it previously almost entirely lost the gains from the summary judgment decision in July pic.twitter.com/Zloa3bcPMD

— bill morgan (@Belisarius2020) October 9, 2023

Understanding the XRP Decline

Since many are betting on XRP to reach a new ATH anytime soon, this bearish outlook catches everyone’s attention. So what’s pulling the 5th largest crypto asset? Firstly, a broader bearish sentiment has impacted the entire crypto market. Significant crypto assets like Bitcoin and Ethereum have suffered losses over the past week due to decreased buying pressure.

The global crypto market cap reached a two-month high on Oct. 2 and has since dropped by $70 billion, representing a 6.25% decline in just one week. These declines have had a spill-over effect, affecting assets like XRP.

Next up is the Israel-Palestine situation, which has also played a role in driving investors away from riskier assets like cryptocurrencies. Heightened tensions have led market participants to consider potential economic repercussions, prompting a move away from risk assets to hedge against potential crashes.

Finally, significant movements of funds by large holders to exchanges, including a transfer of 61 million XRP to Bitstamp, have raised concerns about further selloffs. Ripple moved 60 million XRP recently, contributing to the downward pressure on XRP’s price.

What’s Next in XRP Price? 

In the coming days, all eyes are on XRP as it teeters on a retest of the 0.45 mark, igniting excitement about a potential visit to the pivotal support at 0.41. The Ripple community braces for an exciting few weeks ahead, poised for whatever twists and turns may come its way!
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