CandleFocus Bitcoin Flat Near $61K as Whales Continue to Accumulate; XRP Down 10% as SEC Appeals Case
2024-10-03
Author: Content Editor
Bitcoin remains stable above $61,100, while ether experiences a 4% drop to $2,390 due to geopolitical tensions following Iranian airstrikes on Israel. Despite the market sell-off, there is significant whale accumulation of Bitcoin, indicating anticipation of a future bull run. Bitcoin ETFs see outflows, while ether ETFs attract inflows. XRP drops over 10% as the SEC appeals a ruling on its regulatory powers. Overall, the crypto market is in the red, with the CoinDesk 20 down over 3%. Memecoin MOG is unaffected despite being mentioned on Donald Trump's social media account. Other tokens, such as LDO and AI tokens, are also experiencing declines in value.
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