In recent trading sessions, XRP saw a notable price increase, climbing from lows of $0.55 to highs of $0.613, forming a significant green candlestick. However, XRP has since relinquished most of its daily gains as it encountered resistance at $0.613. At the time of writing, XRP was up by just 0.29% over the last 24 hours, trading at $0.586, and showing a 15% increase on a weekly basis. Despite these gains, XRP's performance remains lackluster compared to other top 10 cryptocurrencies, both on daily and weekly time frames. This raises questions about whether bulls are preparing for further moves, as traders may be considering taking profits following the recent rally.
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On Nov 10, 2024, 18:27 PM (UTC), according to Binance Market Data, Bitcoin (BTC) crossed the 81,000 USDT benchmark and is now trading at 81,035.320313 USDT, with a narrowed 6.20% increase in 24 hours. #BTC
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Tether's CEO, Paolo Ardoino, clarified that this minting is an authorized but not yet issued transaction. This means that the newly minted USDT will be used for future issuance requests and on-chain exchanges. The process ensures that Tether has sufficient inventory to meet upcoming demands and facilitate smooth transactions on the blockchain. This approach is part of Tether's strategy to maintain liquidity and operational efficiency in the cryptocurrency market. #ETH #USDT
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