In a statement on Thursday, the RBA said that stablecoins, bank deposit tokens, and a pilot wholesale central bank digital currency (CBDC) will be used by partners participating in the trial. 🤝💰
One might say it’s been a month of high drama and even higher prices, all thanks to the steadfast whales who have clung to their positions like limpets to a rock, despite the tempest of selling from other, less resilient investors. 🌊
Glassnode, a firm that analyzes on-chain data, has been looking at the RHODL Ratio, which is a fancy way of measuring the ratio between the Realized Cap of two groups of Bitcoin holders. The Realized Cap is like a price tag on each Bitcoin, based on the last time it was bought or sold on the blockchain.
XRP, in a display of bravado, has rallied over 5%, a performance that has left Bitcoin and Ethereum in the wings. The price, with a flourish, climbed above the $2.350 resistance level, much to the delight of the bulls.
Ethereum’s price has started a fresh increase above the $2,650 zone, leaving Bitcoin in the dust, I dare say. ETH price gained pace for a move above the $2,720 resistance zone and entered a ripping positive zone, if you please.
According to the esteemed CoinGlass, XRP’s spot trading volume on Upbit has reached an unprecedented $269.22 million, eclipsing even the mighty Binance, which recorded a mere $226.76 million. But what is most striking, dear reader, is that Binance’s trading volume is composed of outflows, whereas Upbit’s is a veritable tidal wave of inflows. 🌟
This news comes hot on the heels of the Official Trump memecoin team deciding to bridge $TRUMP into the Tron blockchain through the LayerZero chain. According to Sun, this $100 million investment in TRUMP memecoin shows Tron’s dedication to partnering with lively crypto communities.
According to aggregate data from CoinMarketCap, Bitcoin’s market cap rallied above $2.2 trillion and its daily average traded volume rose 23.7 percent to hover around $53.7 billion on Wednesday, during the mid-North American trading session. Consequently, BTC is now the fifth most valuable asset after surpassing Alphabet (Google), which has a market cap of about $2.15 trillion. 📈🏆
Both have seen their fair share of ups and downs over the last 24 hours, but the real drama lies in their on-chain activity. It’s a spectacle that’s worth a closer look, folks. 🕵️♂️
Such numbers! Does the heart not quiver at the very thought—a 44% leap in paper wealth since last year’s secondary share soiree, when the poor saps only had a $45 billion price tag? Somewhere, a mathematician is questioning his life choices.
