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Bitcoin’s (BTC) ongoing volatility below the $110,000 mark is raising questions about whether the asset is destined for further losses, but historical data suggests otherwise. According to on-chain data shared by analyst Ali Martinez, Bitcoin’s trader profit/loss margin currently sits around -5%. Historical patterns show that when this margin drops below -12%, the cryptocurrency tends to rebound strongly, signaling the end of major downtrends. Martinez’s data, retrieved from CryptoQuant on October 22, shows deep negative margins, indicating widespread unrealized losses among short-term holders, which have historically aligned with cyclical bottoms in Bitcoin’s price.  Bitcoin profit/loss margin. Source: CryptoQuant Each instance, including those in 2019, 2020, and 2022, preceded significant recovery phases. Meanwhile, Bitcoin’s realized price, the average price at which all coins were last moved on-chain, remains below the spot price, meaning the majority of in...

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Ripple’s XRP token displayed an incredible run over the last month. The asset climbed to a new all-time high of $3.65 on July 18 after more than seven years. XRP’s price has since faced quite a drop. The asset’s price is down 4.7% in the last 24 hours, 8.9% in the last week, 0.5% in the 14-day charts, and 14.2% over the previous month. Despite the steep correction, the popular cryptocurrency has gained 425.1% since August 2024, according to CoinGecko data. While XRP’s fall is concerning, it could present an opportunity for investors to buy the asset at a low price. Source: CoinGecko Should You Buy The XRP Dip? Source: Watcher.Guru Buying the dip has often proven to be a solid investment strategy. XRP is expected to hit new peaks over the coming months. The asset’s recent climb was likely due to the SEC officially ending its years-long lawsuit against Ripple. The end of the lawsuit has started a new era for the popular cryptocurrency. XRP’s rally was a...

Ripple’s native token XRP fell below the $3 mark on Wednesday, shedding 2.5% of its value. The leading altcoin remains rangebound in the charts, offering little to no price spurts this month. The Ripple’s token went north in the last three months, generating stellar returns to traders. The ongoing dip in price comes after the broader markets experienced volatility due to trade wars and tariffs. Source: CoinGecko After Trump slapped India and Brazil with 25% and 50% tariffs, respectively, the markets remain in muddy waters. Dow Jones is down nearly 600 points since then, while the Nasdaq Composite dipped by 225 points. In addition, the S&P 500 index has shed nearly 85 points, and the downturn persists. All of these pushed XRP below the $3 mark and even the cryptocurrency market is trading in the back foot. Also Read: Ripple’s (XRP) 3 & 6 Month Frame Predicts Epic Rally: Details Will XRP Reclaim the $3 Price Range? Source: coinpedia.org The chances of a continued downturn...