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Crypto

XRP rebounds as Binance sees net outflows, a sign of easing selling pressure?

XRP posted net outflows from Binance despite a recent price pullback, reducing the amount available for immediate selling on the exchange. Inflows to Binance fell 20.37 percent and outflows dropped 25.96 percent, leaving net outflows of about 102,912 XRP. Whale transfers to Binance rose sharply over the past 30 days, but Binance’s weekly XRP reserves increased only slightly. Market value measures rose during the rally, while seasonal September patterns and key resistance and support levels remain in focus.

Crypto

Fed shifts toward September rate hike; key factor for bitcoin this week

Bitcoin posted its first weekly close above $80,000 since May, but analysts say it is too early to treat the level as firm support. The market is focused on U.S. August CPI and PPI data and the Federal Reserve meeting on Sept. 16, as stronger jobs data has shifted rate expectations more hawkishly. Japan’s yen moves and possible bond sales are also seen as factors. Derivatives-led positioning and thin spot demand may limit gains.

Crypto

Shiba Inu exchange holdings near 87 trillion SHIB as selling pressure comes into focus

Shiba Inu exchange holdings are nearing 87 trillion SHIB, bringing renewed focus to supply and demand pressure. Exchange reserves stand at about 86.9973 trillion SHIB, leaving 2.7 billion SHIB to reach 87 trillion. Over the past 24 hours, holdings rose 0.04%. Total inflows were 271.53 billion SHIB and outflows 222.25 billion SHIB, for net inflows of about 34.47 billion SHIB. Shiba Inu trades near $0.00000518.