Shiba

Cryptocurrency

Bitcoin

Coin

You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/cryptocurrency-market-update-focus-on-bitcoin-shiba-coin-ripple-and-avax" rel="noopener noreferrer nofollow">Cryptocurrency Market Update: Focus on Bitcoin, Shiba Coin, Ripple, and AVAX</a> 
Bitcoin ETFs started the day positively while Grayscale’s reserve dropped by about 15,000 BTC, signaling continued pressure as Bitcoin breaches the $40,000 mark. Despite positive macro news, the leading cryptocurrency has not yet returned to a “safe zone”.
Rumors of impending MTGOX sales and GBTC sell-offs have shaken the markets, causing over an $11,000 drop. Bitcoin’s significant fall from its annual peak has led to double-digit losses in altcoins, but optimism remains strong for a recovery through the year.
Shiba Coin has seen a roughly 2% increase, trading at $0.0000089. Its daily chart shows key support at $0.00000884, with potential resistance at $0.00001052 and $0.00001142. A bearish scenario could lead to a drop to $0.00000641.
Ripple’s <a href="https://en.bitcoinhaber.net/ripples-vision-for-a-defining-year-in-crypto-2024" rel="noopener noreferrer nofollow">XRP</a> Coin lost the $0.58 support, exiting a long-held parallel channel, which could lead to a decline to $0.5. However, there’s potential for a rebound back into the channel, with a negative scenario possibly setting new lows between $0.425 and $0.357 amid ongoing legal uncertainties.
AVAX’s outlook isn’t different from other altcoins, showing support loss but also investor optimism in the long term. Short-term price fluctuations between $31.6 and $36.83 are expected, with a potential rise if it closes above $24.78.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/cryptocurrency-market-update-focus-on-bitcoin-shiba-coin-ripple-and-avax" rel="noopener noreferrer nofollow">Cryptocurrency Market Update: Focus on Bitcoin, Shiba Coin, Ripple, and AVAX</a></h5>

Cryptocurrency Market Update: Focus on Bitcoin, Shiba Coin, Ripple, and AVAX

BH NEWS

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