Bitcoin's 4-Year Cycles Over, XRP $3.30 Breakout Can Happen Soon, $132,500,000 in Ethereum Stuns Coinbase — Crypto News Digest
Main Idea
Pierre Rochard claims Bitcoin's four-year cycles are over, XRP shows breakout potential above $3.30, and a large Ethereum transfer to Coinbase raises sell-off concerns.
Key Points
1. Pierre Rochard, CEO of The Bitcoin Bond Company, states Bitcoin's traditional four-year market cycles are over due to 95% of its supply already being mined and increased institutional involvement.
2. XRP is nearing a breakout above $3.30, with technical indicators suggesting potential upward movement to $3.50 and $3.70 if the trendline is breached.
3. An Ethereum whale transferred $132.5 million worth of ETH to Coinbase, sparking concerns of a sell-off despite ETH's 17% price surge above $4,000.
Description
Crypto market today: key points.Pierre Rochard argues that Bitcoin's four-year cycles are over. XRP price shows signs of breakout. Ethereum $130 million transfer stuns Coinbase Institutional
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