Bitcoin rejects near $37.5K

Crypto Signals \ On-chain data shows short-term Bitcoin holders continue to capitulate while long-term investors have been buying the dip in anticipation of the market moving higher.

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According to data from Glassnode, LTHs were seen taking profits early in the 2021 rally from $10,000 to $42,000 before their spending “reached a fairly stable baseline. Join our Telegram Crypto Signals Today for only $27.99.

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This compares to the behavior of STHs who “increased their spending by over 5x during this sell-off with the maximum spending occurring near the current local low of the market.”

XRP was trading at $1.09285 by 20:38 (00:38 GMT) on the Index on Tuesday, up 20.61% on the day. It was the largest one-day percentage gain since May 24.

The move upwards pushed XRP’s market cap up to $49.55343B, or 2.96% of the total cryptocurrency market cap. At its highest, XRP’s market cap was $83.44071B.

XRP had traded in a range of $1.03981 to $1.09298 in the previous twenty-four hours.

Over the past seven days, XRP has seen a rise in value, as it gained 4.61%. The volume of XRP traded in the twenty-four hours to time of writing was $6.40683B or 5.36% of the total volume of all cryptocurrencies. It has traded in a range of $0.7948 to $1.0930 in the past 7 days.

At its current price, XRP is still down 66.78% from its all-time high of $3.29 set on January 4, 2018.

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Bitcoin rejects near $37.5K

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