Take a look at what U.Today has prepared for you in its latest crypto news digest!
Here are the top three news stories over the past day presented to you by U.Today.
SHIB, BONE, LEASH of Shibarium now available on this crypto platform, here’s price reaction
Shiba Inu trifecta tokens, SHIB, BONE and LEASH, have registered yet another act of adoption. Yesterday, GroveX, an Australian crypto exchange, took to X platform to announce that it added support for the three aforementioned coins. BONE and LEASH were listed by the exchange last week to trade against USDT and BUSD stablecoins. The SHIB community embraced the news with enthusiasm, with the announcement post gaining more than 350 likes and 145 reposts. At the moment of writing, SHIB is trading up almost 2% over the past 24 hours, BONE is up 3.17% and LEASH is down 0.54%.
XRP shows bullish divergence after price slump
Although XRP lost almost all of its gains following Ripple’s victory against the SEC, the token may see a rebound, as some signs suggest. Per 100eyes Crypto Scanner data, yesterday, XRP saw a Relative Strength Index (RSI) Bullish Divergence on its hourly chart. This often implies the possibility of upward price movement. However, despite some traders considering it a buy signal, skeptics view divergences as misleading and urge market participants to be cautious. Also, XRP’s trajectory could still be impacted by general market conditions as well as upcoming legal and regulatory developments.
Bitcoin: This one thing might push BTC price below $25,000
In a recent tweet, crypto analyst Ali Martinez stated that Bitcoin might face potential downside risk slightly above $25,000. As noted by Martinez, BTC’s daily chart hints at a looming death cross. Based on this, the analyst suggests that a drop below the $25,200 support might confirm a deeper price correction ahead for the flagship crypto. In this case, selling would intensify and BTC might aim for a price below $25,000, perhaps even as low as $24,756. An increase in price above $26,399 would indicate that buyers now have the upper hand. This might lead to an increase of $27,695 and then $28,142. Thus, it might be necessary to watch for a break above $26,399 or a dip below $24,756 to adjudge BTC’s next move.