Bitcoin (BTC) extends its correction on Tuesday, slipping below $104,000 and continuing its decline from the previous day. The bearish outlook is further strengthened as Bitcoin long-term holders continue to offload their holdings, adding to the mounting selling pressure.
Ripple (XRP) shows signs of recovery, trading above $2.40 at the time of writing on Thursday. The current bullish outlook can be attributed to institutional and retail interest, which has gradually increased over the past two weeks despite volatility.
Ripple (XRP) is trading bearishly and slightly below $2.40 at the time of writing on Wednesday. The cross-border money remittance token was rejected at $2.55 on Monday, encouraging early profit booking.