Januar 2023

MVRV Breaks Above 1: Is Another Rally Coming for Bitcoin?

• The Bitcoin Market Value to Realized Value (MVRV) ratio finally broke above 1 after 216 days, suggesting another BTC rally is in the works. • BTC prices surged to as high as $23,300 on Saturday, January 21, indicating that demand is still strong. • Analysts may use the MVRV ratio to time market entries and exits, as typically prices are at their bottom when the MVRV is below 1.

Monero (XMR) Price Rally Halts, Momentum Uncertain

• Monero (XMR) has seen a price rally over the last week since the broader market recovered. • XMR was consolidating despite its weekly gains, but recent momentum halted and it is uncertain whether XMR will resume its upward price movement. • Technical outlook of the coin continues to remain bullish, but the coin has encountered selling in the past trading sessions and is currently trading 70% lower than its

Crypto Whales Move $131 Million Worth of XRP Tokens to Crypto Exchanges

• The crypto market has seen a 0.88% drop in the past 24 hours, with XRP among the assets that have lost value. • Crypto whales have transferred about 385 million XRP tokens to crypto exchanges, worth almost $131 million in the current market prices. • The largest single transaction was when an unknown crypto whale purchased up to 35.1 million XRP tokens, worth about $11.8 million, through the Bitso

Bitcoin Price Drops Below $16,900, But Technical Indicators Remain Positive

– The Bitcoin price has recently dropped below the $16,900 mark due to the recent Federal Open Market Committee (FOMC) minutes. – Technical indicators still remain positive and it is expected that BTC will make a recovery in the next trading sessions. – Currently, the price of the asset is consolidated, with major altcoins following the same price trajectory. The recent Federal Open Market Committee (FOMC) minutes have had a