Bitcoin
The upward trend continued to show signs of weakness early Wednesday, even if Wall Street Tech actions jumped overnight in anticipation of optimistic income from the NVIDIA (NVDA) giant.
The main cryptocurrency by market value exchanged almost $ 108,900 at the time of the press, teasing a break down from a trend line characterizing the upward trend from the bottom of the beginning of April, according to the Coigecko data source.
The lines of upward trends indicate areas of high demand, therefore a movement below is generally considered to be a sign of a potential reversal and a possible start of a movement down.
The prices have not been able to make important gains this week despite a burst of new positives, in particular the stablecoin plans from Circle to file Introduction plans and Trump Media to collect $ 2.5 billion to buy Bitcoin.
Chain activity suggests that major investors have recently started to distribute parts, contributing to market sales pressure. “As of May 26, the BTC> 10K cohort pivoted the net distribution (~ 0.3), signaling a notable change in positioning among the biggest holders,” said Glassnode on X. The company, however, added that overall, the market remains in accumulation mode.
Focus on nourished minutes and nvda gains
Later Wednesday, the spotlights will be a few minutes from the federal reserve meeting, which will offer detailed information on the position of the monetary policy committee and the potential indices on future interest rate decisions.
The central bank left the benchmark interest rate unchanged at the beginning of the month, President Jerome Powell pointing outright towards the price war of President Donald Trump as a source of inflation and uncertainty. Powell “Stagflation” aloud.
Minutes are likely to repeat the same thing, although the recent delay in Trump means that the market may not pay much attention to the bellicist messaging.
Meanwhile, the announcement of the benefits of the major NVIDIA could move the markets, in particular digital assets, given the historical positive correlation between BTC and NVDA.
The company should report strong growth in profits and income, stimulating the advantages of investment in AI infrastructure. The emphasis will be placed on the company’s prospects at the request of AI and China in the midst of restrictions on flea exports to China.
XRP has a key support
The payments focused on payments organized the simple 200 -day mobile average (SMA) during the trading overnight in the midst of growing social media chatter on XRPFI, or decentralized finances on the large XRP book.
Strobe Finance, which exploits the intelligent contract capacities of the Ripple EVM Sidechain to create a DEFI platform on the large XRP book, said that large quantities of XRO are currently inactive and can be deployed in DEFI for additional return.
“Ripple’s community research reveals an important dormant user base: more than 4 million inactive XRPL portfolios contain around 2.15 billion dollars of XRP, against 1.7 million active wallets. This sleeping capital represents a large addressable market while waiting to be unlocked thanks to convincing challenge opportunities,” said Strobe.
The graph shows that XRP exchanges in Haussier territory, above the Ichimoku cloud and the simple 200-day mobile average (SMA). The average has acted as a solid support or an area of interest for buyers since early April.
