{"id":19261,"date":"2023-03-29T09:35:52","date_gmt":"2023-03-29T09:35:52","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/btc-reclaims-28k-as-xrp-explodes-to-0-58\/"},"modified":"2023-03-29T09:35:52","modified_gmt":"2023-03-29T09:35:52","slug":"btc-reclaims-28k-as-xrp-explodes-to-0-58","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/btc-reclaims-28k-as-xrp-explodes-to-0-58\/","title":{"rendered":"BTC reclaims $28k as XRP explodes to $0.58"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1680081952419-8e2dd1a8-d50e-43cd-9b08-a59533c5e784-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1680081952419-8e2dd1a8-d50e-43cd-9b08-a59533c5e784-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1680081952419-8e2dd1a8-d50e-43cd-9b08-a59533c5e784-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1680081952419-8e2dd1a8-d50e-43cd-9b08-a59533c5e784-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Bitcoin has recovered from lows of $26,690 reached after Binance-related regulatory news.<\/li>\n<li dir=\"ltr\">XRP has outperformed after breaking above $0.50, while Ethereum reclaims $1,800.<\/li>\n<li dir=\"ltr\">Bitcoin faces tough resistance at $28k-$30k.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin price<\/a> is back above $28,000, trading as high as $28,600 on Wednesday morning as crypto looked to shake the downward pressure injected by this week\u2019s regulatory related news.<\/p>\n<p dir=\"ltr\">After the BTC price fell to lows of $26,690 following the CFTC charge against Binance CEO Changpeng Zhao and his crypto exchange, bulls have managed a 6% jump in the past 24 hours to push Bitcoin to the crucial $28,000 level.<\/p>\n<p dir=\"ltr\">The gains for BTC have also come amid a broader crypto market upside, as traders shed the regulatory anxiety amid news that Hong Kong regulators were looking to make the city state a digital asset hub by encouraging banks to extend finance services to Bitcoin and cryptocurrency companies.<\/p>\n<p dir=\"ltr\">Bitcoin bulls now face the task of breaching the thick resistance wall between the $28k and $30k zone, which could open the path to the highest price since June 2022.\u00a0<\/p>\n<p dir=\"ltr\">Another flip lower could bring back the $25k support area into play, but crypto analyst Rekt Capital <a href=\"https:\/\/twitter.com\/rekscapitaI\/status\/1641006025934241792\" rel=\"noopener noreferrer\" target=\"_blank\">suggests<\/a> dips with a monthly close above the zone would be a healthy retest.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">It&#8217;s possible that <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a>\u00a0 could start the month of April with some downside<\/p>\n<p>But as long as <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> Monthly Closes above ~$25000, that downside would constitute a healthy retest attempt of the then-broken Macro Downtrend<a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a><\/p>\n<p>\u2014 Rekt Capital (@rekscapitaI) <a href=\"https:\/\/twitter.com\/rekscapitaI\/status\/1641006025934241792?ref_src=twsrc%5Etfw\">March 29, 2023<\/a><\/p>\n<\/blockquote>\n<h2 dir=\"ltr\">XRP outperforms as Ethereum eyes $2,000<\/h2>\n<p dir=\"ltr\">As BTC looks to retest YTD highs, <a href=\"https:\/\/coinjournal.net\/ripple\/\">XRP<\/a> was outperforming most altcoins in top 50 market cap category as it <a href=\"https:\/\/coinjournal.net\/news\/xrp-price-up-nearly-10-as-bulls-break-above-0-50\/\">exploded above $0.50<\/a>.<\/p>\n<p dir=\"ltr\">At the time of writing, XRP was poised above $0.56, having tested bears around $0.58. XRP\/USD is 16% up in the past 24 hours and 45% this past week as buyers target the key $0.60 level ahead of what could be a make or break few days \u2013 given the highly anticipated end to the Ripple Labs versus US Securities and Exchange Commission (SEC) case.<\/p>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/ethereum\/\">Ethereum<\/a> is also trending higher, up more than 5% in the past 24 hours and above $1,800. The gains come after bullish sentiment seeped into the market following CFTC indications of ETH being a commodity.<\/p>\n<p dir=\"ltr\">It also follows recent confirmation that the Shapella upgrade will happen on 12 April 2023. Community anticipation for ETH withdrawals could aid the price of Ethereum to jump to the psychological $2,000 level.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-price-jumps-to-28-5k-as-xrp-hits-10-month-high\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Bitcoin has recovered from lows of $26,690 reached after Binance-related regulatory news. XRP has outperformed after breaking above $0.50, while Ethereum reclaims $1,800. Bitcoin faces tough resistance at $28k-$30k. Bitcoin price is back above $28,000, trading as high as $28,600 on Wednesday morning [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":19262,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/19261"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=19261"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/19261\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/19262"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=19261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=19261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=19261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}