Bitcoin (BTC) price faces rejection from a key level and trades below $106,000 at the time of writing on Wednesday. BTC’s on-chain data suggests weakness and indicates a potential correction, as profit-taking activity reached record levels on Tuesday.
Ripple (XRP) faces legal uncertainty in its battle with the United States (US) Securities and Exchange Commission (SEC), and the XRP price continues to slide. At the time of writing, XRP is trading at $2.1540, down 1.20% in the day.
Ripple (XRP) price trades broadly sideways around $2.34 on Tuesday, marking its second straight day of minor declines. This tight, range-bound action coincides with the launch of cash-settled XRP futures on CME Group’s derivatives platform.