XRP Forms Bizarre Candle, PEPE Inching Closer to Flipping Shiba Inu, BlackRock Discloses New Position in IBIT: Crypto News Digest by U.Today

Top 3 Crypto News Stories

1. XRP Price Fluctuation: Spinning Top Candle Suggests Market Indecision

The XRP/USDT chart displays a recently formed spinning top candle, indicating potential market uncertainty. Despite breaking through resistance levels and reaching highs near $0.72, the appearance of this candlestick suggests a possible trend pause or reversal. To maintain momentum, XRP needs to stay above $0.60; a drop below could lead to a larger retracement towards $0.55. However, surpassing $0.72 could signal continued growth towards resistance levels between $0.75 and $0.78. XRP currently trades at $0.86, up 21.08% over 24 hours.

2. PEPE Nears Shiba Inu Market Cap, Rivaling Dogecoin

PEPE meme coin has surged to $10 billion in market capitalization, its price reaching $0.00002457 before settling at $0.00002346, an impressive 86% gain over 24 hours. Coinbase's listing on its platform and Robinhood's availability in the U.S. have contributed to this surge. PEPE now rivals Shiba Inu, valued at $9.1 billion, for market dominance. Dogecoin remains the leading meme coin with a market cap of $54.6 billion.

3. BlackRock Acquires Significant Stake in iShares Bitcoin Trust ETF (IBIT)

BlackRock, the world's largest asset manager, has acquired over 2.5 million shares of IBIT, worth approximately $91.6 million. IBIT has attracted $230 million in inflows, indicating its growing popularity. BlackRock's total IBIT holdings now approach $30 billion, with total net assets of $42.56 billion. Notably, BlackRock has also expressed interest in its Ethereum ETF, ETHA, with inflows of $35.63 million.