Bitcoin News Official TheBitTimes.com

Crypto is currently in the midst of one of its worst bear markets. The first quarter of 2023 was surprisingly positive, with most crypto assets fetching investors positive ROIs. However, with macro-weakness still prevalent, Bitcoin and altcoins failed to establish a strong rally. Bitcoin recently broke below its ascending channel, quashing the recover y narrative. Over the next few weeks, it is imperative for BTC to continue collecting liquidity around the current levels. A failure to do so could result in a drop of up to $15,588 in the worst-case scenario. That being said, the asset will get a couple of chances around $21,351 and $18,126 to redeem itself. BTC/USDT by TradingView In the event of a recover y, BTC would first be tested at around $28,585. If it successfully breaks above, it could rise up to $31,804. However, given the current state of affairs and market sentiment, it doesn’t seem like this scenario will pan out anytime soon. Several analysts in the industry have...

XRP (XRP) has observed an uptick in social dominance amid the prevailing bearish condition plaguing the asset. Crypto analytical resource Santiment suggests that the new XRP trend might indicate increasing chances of a potential price recovery. Santiment confirmed that XRP started witnessing an uptick in social activity in the early hours of today. Data reveals that this morning the asset observed its most significant spike in social dominance since May.  ️ #XRPNetwork has seen an uptick in discussion in Monday's early hours. Generally, when traders are increasing discussions of an asset while its price has been declining, it increases the probability of a price rise to cancel out #FUD & greedy #shorts. https://t.co/nMgmfe25Tw pic.twitter.com/cc2REyl2pQ — Santiment (@santimentfeed) July 10, 2023 Notably, XRP’s social volume had continued to suffer since June, particularly due to its price consolidation. Following the drop from the $0.50 psychological suppor...