Bitcoin reclaims $102,000 as sell-side liquidity dries up
The Bitfinex Alpha report pointed out that Bitcoin's emerging metrics suggest the bearish pressure may have largely subsided.
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As the velocity metric nears a breakout on the descending trend line, XRP price could start an upward movement.
Holiday excitement lifted Bitcoin past $99,000, but it quickly corrected to $98,000 where it still holds strong support.
The filing is a potential DOT-indexed exchange-traded fund, a part of a wave of new ETFs expected by analysts.
In addition to Jerome Powell's recent remarks on the US interest rate policy, a potential government shutdown is in play.
The profit-taking activity by long-term holders was met by new entrants' demand, reflecting a wealth shift movement.
Despite the cut being priced, Jerome Powell's remarks on rate policy shook the risk asset markets.