Bitcoin price could have formed a potential local top in the second quarter, putting an end to the 2023 rally. After a mere 7.05% return in the second quarter, BTC has flipped negative with a -4.52% performance. As suggested by historical data, the third quarter is relatively bearish and would provide opportunities for long-term holders to accumulate.
Adam Cochran, a crypto analyst and investor has raised concerns about Huobi’s solvency in a series of tweets. Cochran’s report comes at a time when there is speculation of executives of the Huobi exchange and TRON being taken into custody by Chinese authorities.
Ripple holders are bullish on XRP price, and believe that a rally to $10 is likely in the current market cycle. There are several bullish catalysts driving the sentiment among holders, including Ripple’s partial victory against the US Securities & Exchange Commission (SEC), the payment giant’s enlistment to the membership of International Swaps & Derivatives Association (ISDA), and clarity on XRP’s status as “not an investment contract”.
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