Shiba Inu, Ripple & Bitcoin – American Wrap 05 November

Bitcoin Weekly Forecast: BTC coils up as hype moves from ETF to Metaverse

Bitcoin price has spent roughly two weeks consolidating around a psychological barrier and shows no affinity to move higher or lower. This indecision indicates reduced volatility and that an explosive move is on its way. One possible fundamental driver for such a move could be the introduction of a spot Bitcoin ETF currently awaiting approval by the SEC. 

XRP encourages traders to buy before breaking out to $2

A brief technical and on-chain analysis on XRP price. Here, FXStreet’s analysts evaluate how Ripple looks primed to resume its uptrend.

Shiba Inu crashes as SHIB whales sell en masse

Shiba Inu coin lost market capitalization to Dogecoin and slipped out of the top ten cryptocurrencies. Proponents consider SHIB highly centralized as the concentration of Shiba Inu holdings in whale wallets comes under scrutiny. 

 


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