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Search results for June 5

Crypto

Bitcoin surge past $70,000 sends BTC, ETH, XRP trading volume to highest since June

Bitcoin\'s return to the $72,000 level pushed combined trading volume in bitcoin, ether and XRP to $46.6 billion, the largest since June. Most activity was in perpetual futures, which accounted for 91.7 percent of turnover and was about 11 times spot trading. Ether rose 19.25 percent in a day to $2,285, while XRP climbed 16 percent to $1.15, though its 90-day return remained negative.

Crypto

XRP faces risk of breaking $1, but network activity rises

XRP has slipped to the $1 level, but network activity has risen sharply, widening the gap between price action and on-chain indicators. Average daily active addresses in August climbed to about 35,700 from about 26,400 in July, while average daily new addresses stayed near 2,260. Some analysts have lowered buy targets to $0.94 and $0.87, while others cite a long-term support zone between $0.70 and $0.90.

Crypto

Bitcoin slips, gold jumps as risk aversion grows ahead of U.S. CPI

Bitcoin slid below $64,000 ahead of the U.S. consumer price index (CPI) release, hitting its lowest level in a week. Gold rose to a nine-week high, signalling renewed demand for safe-haven assets as uncertainty increased. Spot gold climbed to $4,435 an ounce, while inflows into gold ETFs outpaced those into spot bitcoin ETFs. Analysts said bitcoin’s short-term resistance remains below $66,000, with markets watching July U.S. CPI data due on Aug. 12.