Can BTC, ETH, XRP sustain breakout on Thursday?
Bitcoin (BTC) is trading below $109,000 at the time of writing on Thursday, after staging a recovery from the previous day’s low of $106,666. Although minor, the uptick in price points to improving risk-on sentiment in the broader cryptocurrency market.
Altcoins, including Ethereum (ETH) and Ripple (XRP), also flipped green earlier in the day, following Bitcoin’s footsteps. ETH hovers below $3,900 while XRP holds above $2.40, an immediate support level.
Data spotlight: Bitcoin builds momentum as retail investors return
Retail interest is gradually making a comeback in the Bitcoin derivatives market following the October 10 deleveraging event, which saw $19 billion in crypto assets liquidated. The Open Interest (OI) weighted funding…
