Crypto Market Regains Momentum with Bitcoin Above $87K
Bitcoin's price has broken through the $85,000 resistance level and established itself above $87,000. This move was accompanied by a surge in trading volumes, indicating genuine spot demand.
According to CoinGlass data, several hundred million dollars worth of short positions were liquidated during the upward move, accelerating the price action to the upside.
The overall sentiment remains cautiously bullish, with the Fear & Greed Index gradually climbing back toward the 'Greed' zone. The $87,000 to $88,500 zone now acts as a key support level to watch.
Ripple is actively advancing native lending on the XRP Ledger, aiming to deliver a smoother and more secure experience in terms of transaction fees. This initiative could position the XRPL as a serious alternative for institutional DeFi use cases.