Bitcoin price seems to be recuperating from the losses witnessed last week. While institutional investors’ ETF applications are helping bolster the adoption curve and hasten the process, several on-chain metrics combined with the developments surrounding regulating BTC mining in China and Iran has put a nail in the recovery’s coffin.
Bitcoin price has begun its ascent, but Ethereum price leads the Monday’s rally after hitting a new all-time high today. XRP, on the other hand, is coiling up after its first run-up.
XRP price is currently trading under multiple barriers that are restricting its moves. A retracement seems likely if the bulls fail to slice through these blockades