The cryptocurrency market, which has been quite calm in recent months, fell hard at night. Bitcoin and altcoin investors, who started the day, were stunned by the red candle they encountered. In this article, we will examine the charts of Bitcoin (BTC), Ripple (XRP) and Ethereum (ETH) from popular cryptocurrencies.
Bitcoin (BTC)
Bitcoin, the ancestor and largest of cryptocurrencies, faced the biggest sale of recent months after the claim made at night. According to the Wall Street Journal’s report, Elon Musk’s space company SpaceX has sold BTC tokens worth more than $370 million over the years. Some investors panicked after the news resonated on social media.
Bitcoin, which fell to the $ 25,150 level during the night hours, held above the $ 25,420 support. The leading cryptocurrency is currently changing hands at around $26,450.
Ethereum (ETH)
Although the Ethereum price fell due to the development from SpaceX, the developments from the SEC may have prevented much loss. Speaking to sources, an unidentified official claimed that the SEC will soon approve futures Ethereum funds.
The largest altcoin unit, whose value is volatile, dropped as low as $1,550 overnight. However, the reaction from the bulls pushed the ETH price back to $1,690. If the claim in question is realized, it is possible that the price of Ethereum will move up.
Ripple (XRP)
Continuing its legal battle with the SEC, Ripple came up with important developments this week. XRP did not accept the SEC, which filed an interim appeal following Judge Torres’ decision. However, the court approved this request yesterday evening.
With the SpaceX claims added to the court’s interim appeal approval, the XRP price almost returned to where it started to rise. Ripple price dropped below the $0.425 level overnight. Incoming buying reactions are currently keeping the XRP price above the $0.50 support.
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