Jerome Powell

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<p dir="ltr">U.Today has prepared the top three news stories over the past day.</p>
<h2 dir="ltr" id="1-75-trillion-shib-mysteriously-grabbed-on-robinhood-with-price-on-verge-of-breakout">1.75 trillion SHIB mysteriously grabbed on Robinhood with price on verge of breakout</h2>
<p dir="ltr">Per data provided by Whale Alert tracker, yesterday,&nbsp;<a href="https://u.today/175-trillion-shib-mysteriously-grabbed-on-robinhood-with-price-on-verge-of-breakout" rel="noopener noreferrer nofollow">1.75 trillion SHIB tokens</a> were purchased on Robinhood. The purchase was made by anonymous whale -4D935, who withdrew this large amount of SHIB meme coins in two transactions, each carrying 875,000,000,000 SHIB. The total worth of the acquired tokens is evaluated at $39.2 billion. Meanwhile, Ali Martinez, popular crypto trader and analyst,&nbsp;<a href="https://u.today/shiba-inu-shib-flashes-epic-bull-flag-what-this-means" rel="noopener noreferrer nofollow">shared</a> on his X handle on Wednesday that he spotted SHIB forming a bull flag on its daily chart. According to Martinez, SHIB is aiming to make a major bullish breakout to the $0.000072323 level; thus, he decided to place a few buy orders around the $0.000018343 price mark. At the time of writing, SHIB is changing hands at $0.00002405, up 7.15% over the past 24 hours, per CoinMarketCap.</p>
<h2 dir="ltr" id="ripple-s-800-million-xrp-escrow-lockup-failed-to-reboot-price-here-s-reason">Ripple's 800 million XRP escrow lockup failed to reboot price, here's reason</h2>
<p dir="ltr">According to recent on-chain data, Ripple Labs shifted&nbsp;<a href="https://u.today/ripples-800-million-xrp-escrow-lockup-failed-to-reboot-price-heres-reason" rel="noopener noreferrer nofollow">800 million XRP</a> into an escrow wallet in an effort to rebalance the circulating supply of the digital currency. Per Whale Alert, the lockup was done in three tranches: the first one carried 500,000,000 XRP, the second one featured 100 million XRP and the third one 200 million XRP.&nbsp; In response to the escrow activity, the price of XRP has slightly increased, by 4.61% to $0.5126 in 24 hours. However, this enormous XRP lockup has not yet recovered all the losses from the previous week. As market sentiment declined over the past month, XRP experienced a sharp drop in valuation. Even with the most recent surge, XRP is still down over the previous week by 2.04% and over the previous month by more than 14%. Currently, XRP is trading at $0.524, up less than 1% over the past 24 hours.</p>
<h2 dir="ltr" id="peter-schiff-names-new-bearish-target-for-bitcoin-price">Peter Schiff names new bearish target for Bitcoin price</h2>
<p dir="ltr">In a recent X post, Peter Schiff, renowned gold advocate,&nbsp;<a href="https://u.today/peter-schiff-names-new-bearish-target-for-bitcoin-price-details" rel="noopener noreferrer nofollow">named</a> the next downside objective for Bitcoin. In his opinion, the objective is going to be the $54,000 level. Schiff also stated that Bitcoin has formed a bearish head and shoulders pattern, with the "neckline" of the pattern just below $57,000. Earlier this week, the expert&nbsp;<a href="https://u.today/its-do-or-die-for-bitcoin-btc-now-peter-schiff" rel="noopener noreferrer nofollow">stated</a> that Bitcoin is currently facing its do-or-die momentum, and if BTC breaks down below the $60,000 level, the asset will be in big trouble. However, recent statements made by Federal Reserve Chairman Jerome Powell briefly made the Bitcoin price rise above the $59,000 level. At the moment, Bitcoin is trading at $61,715, up 5.84% over the past 24 hours.</p>

1.75 Trillion SHIB Mysteriously Grabbed on Robinhood, Ripple's 800 Million XRP Escrow Lockup Failed to Reboot Price, Peter Schiff Named New ...

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