Ripple (XRP) is slowly losing its grip on the uptrend printed on Monday, following last week's sell-off, triggered by the public spat between United States (US) President Donald Trump and Tesla's CEO Elon Musk.
Bitcoin (BTC) edges lower to near $104,600 at the time of writing on Thursday, while Ethereum (ETH) and Ripple’s (XRP) experience a decline in bullish momentum. BTC and XRP approach a crossroads at crucial support levels, while Ethereum is in consolidation, risking a bearish release of momentum.
Nasdaq-listed Trump Media and Technology Group announced on Friday that it raised $2.44 billion by issuing part of its common stock (DJT) and senior convertible notes to purchase Bitcoin (BTC).