Bitcoin’s price stuck around $29,000, unchanged in 24 hours. Earlier today, Bitcoin tried to push above $29,500 but sellers quickly pushed the price back down. Sellers stopping Bitcoin from making big moves up or down.
Bitcoin unusually quiet and stable lately. Volatility lower than stocks, bonds, and gold. Rare for Bitcoin to be calm for extended time. Analysts think quiet period could mean big move coming soon. Next few weeks might see Bitcoin become volatile again.
Ripple (XRP)
XRP trended down over past week, losing 10% and 25% from July high of $0.92. Traders taking profits after strong previous gains. Experts predict downtrend could continue to around $0.55. However, legal victory and exchanges relisting XRP bullish signals. Bitstamp unveiled new 2% XRP lending service too.
Increased availability of XRP to US users could spark recovery. Recent price action negative, but fundamentals may support turnaround.
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